Bernake Contemplates QE III Calls It "Prudent Planning"

Discussion in 'Economy' started by Mad Scientist, Jul 13, 2011.

  1. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Proof that an Ivy League education and a $5,000 suit doesn't make you smart:
    Fed weighing further easing, Bernanke says The Fed - MarketWatch
    Well there is one thing Bernanke has done for me: My Gold and Silver investments are up! :lol:

    Here's my "prudent plan" for the economy:

    1. Impeach Obama.
    2. Audit and/or End the Fed.
    3. Renegotiate and/or end NAFTA and GATT.
    4. Slap Tariffs on all imports.
     
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  2. 8537
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    8537 Senior Member

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    That would help the Republicans get their wish, but you could crash the economy a bit faster if you just refuse to raise the debt ceiling.

    PS: GATT ended 18 years ago. Please make a note of it.
     
    Last edited: Jul 13, 2011
  3. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    From your link:

    Bernanke discussed three approaches to further easing in his prepared remarks.

    One option, Bernanke said, would be for the Fed to provide more “explicit guidance” to the pledge that rates will stay low for “an extended period.”

    Another approach would be another round of asset purchases, or quantitative easing, or for the Fed to “increase the average maturity of our holdings.”

    Finally, the Fed could also reduce the quarter percentage point rate of interest that it pays to banks on their reserves, “thereby putting downward pressure on short-term rates more generally.”


    I don't see any of these things making much difference, banks have already got plenty of money but aren't lending much of it out. The truth is that the business climate in this country is not good, thanks mainly to Obama's policies. No need to go through the list of issues that are depressing economic grpwth, it boils down to near non-exiastent growth as long as Obama is in the WH and the dems control the Senate.
     
  4. 8537
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    8537 Senior Member

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    I think abolishing the (recently arranged) payments on reserves would make a difference. As it stands, banks have an incentive to keep funds in reserves instead of loaning them. if you remove that .25 point incentive, they'll be mildly more inclined to move the money.

    I've been wondering why that remained in place for over a year now.
     
  5. LordBrownTrout
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    LordBrownTrout Gold Member

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    RP just whipped that Bernake ass.
     
  6. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says yea, have dat Bernanke fella print up some more money so's dey can send her dat 2nd stimulus check...
    ;)
    Bernanke: Fed ready to act if economy worsens
    Jul 13,`11 WASHINGTON - Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday the Fed is ready to act if the economy gets weaker. He warned them that allowing the nation to default on its debt would send "shock waves through the entire financial system."
    See also:

    QE3? Fed Chairman Says They Might Do it Again
    Wednesday, July 13, 2011 - Bernanke: Fed would supply more stimulus if needed
     
    Last edited: Jul 13, 2011
  7. thereisnospoon
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    thereisnospoon Gold Member

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    Bernanke is on crack. They want to print more fake money. Great. At this rate the price of Gold will be $3,000 per Oz., Oil will be $200 per barrel, gas will be six bucks a gallon and the Dollar will be worth less than the Peso
     
  8. Oddball
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    Oddball BANNED Supporting Member

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    Baghdad Ben is certainly on the crack.

    What they've done at Da Fed clearly hasn't worked, now they want to do even more of it.

    Lemmie guess....They didn't do enough soon enough the first two times around, right? :rolleyes:
     

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