QE2 has smoking coming out of the stack...Bernanke is at the helm with finger on "Full Speed Ahead"

[c1ue]

http://finance.yahoo.com/news/Bernan...2&asset=&ccode=

Bernanke stopped short of committing to any specific action. But he raised the prospect of another Fed purchase of securities, most likely government debt or mortgage securities, to drive down rates on mortgages and other debt to spur more spending by Americans.

"I believe that additional purchases of longer-term securities should the FOMC choose to undertake them, would be effective in further easing financial conditions,"he said.

Those swans should be black...

[Mega]

Re: QE2 has smoking coming out of the stack...Bernanke is at the helm with finger on "Full Speed Ahead"

http://www.zerohedge.com/article/eli...ost-right-rule

Ben wants to, but MUST wack Gold/Silver.........trouble is if he does China & EVERYONE else simply buys it on the cheap & waits....We are in the end game.
Mike

[don]

Re: QE2 has smoking coming out of the stack...Bernanke is at the helm with finger on "Full Speed Ahead"

Not-so-gentle Ben then got off a zinger of Sir Alan magnitude:

“Central bankers alone cannot solve the world’s economic problems.”

[cjppjc]

Re: QE2 has smoking coming out of the stack...Bernanke is at the helm with finger on "Full Speed Ahead"

to drive down rates on mortgages and other debt to spur more spending by Americans.

Mortgage rates aren't already low enough? Credit card companies have raised their rates. Anyone think they will be lowering them soon?

[BigBagel]

Re: QE2 has smoking coming out of the stack...Bernanke is at the helm with finger on "Full Speed Ahead"

to drive down rates on mortgages and other debt to spur more spending by Americans.

Mortgage rates aren't already low enough? Credit card companies have raised their rates. Anyone think they will be lowering them soon?

No they're not low enough. I want the banks to pay me interest when I borrow money to buy a house.

3% would be acceptable. I'm the one taking a risk buying a house and I'll be less likely to walk away from my mortgage.

Yes, you must pay me to borrow the money from you.

[cjppjc]

Re: QE2 has smoking coming out of the stack...Bernanke is at the helm with finger on "Full Speed Ahead"

No they're not low enough. I want the banks to pay me interest when I borrow money to buy a house.

3% would be acceptable. I'm the one taking a risk buying a house and I'll be less likely to walk away from my mortgage.

Yes, you must pay me to borrow the money from you.

Someday soon?

[Starving Steve]

Re: QE2 has smoking coming out of the stack...Bernanke is at the helm with finger on "Full Speed Ahead"

No they're not low enough. I want the banks to pay me interest when I borrow money to buy a house.

3% would be acceptable. I'm the one taking a risk buying a house and I'll be less likely to walk away from my mortgage.

Yes, you must pay me to borrow the money from you.

Don't laugh! This is how many Americans think; i.e, the world owes them a living. So negative nominal interest rates of -3% might be what Bernanke might be planning.

Negative nominal interest rates keep the bond bubble going for quite some time yet. And think of the possibilities for bubble-mania to return in real estate and high tech! Dot.com companies might return too. 3Par could be just the beginning. And imagine green-tech companies in this last big bubble, too.

Imagine Silicon Valley being born again in one final ponzi-scheme to take the entire world down with it, and with the help of Bernanke and his monetary policy at the Fed.

[Chris Coles]

Re: QE2 has smoking coming out of the stack...Bernanke is at the helm with finger on "Full Speed Ahead"

He used the word "innovative" and I do wonder if he has been reading my ideas on The Capital Spillway Trust.