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View Full Version : there is nothing more certain than QE3


FelixWankel
08-05-2011, 12:17 AM
http://finance.yahoo.com/blogs/daily-ticker/qe3-coming-won-t-save-economy-lance-roberts-161942266.html

Stocks endured a free-fall Thursday, and the major indexes in the U.S. plummeted. The Dow Jones Industrial Average fell nearly 513 points, or 4.3%, and the Nasdaq lost almost 137 points, or 5.1%.

Market psychology has deteriorated thanks to the debt ceiling debate. Plus, fundamentals are also looking ugly. Last week's shocking GDP data and this week's soft manufacturing data and worse-than-expected consumer spending numbers being the most glaring examples.

All the negativity has led to renewed talk of another round of quantitative easing -- the Federal Reserve's stimulus program to spur growth by buying up government bonds.

Lance Roberts, CEO and chief strategist of Streettalk Advisors, says there is nothing more certain than QE3 and the potential for another recession. "The trend of the data is all negative, so barring any quantitative easing program from the Fed, we will probably be in a recession by the end of the year."

go silver

Curto
08-05-2011, 10:06 AM
http://finance.yahoo.com/blogs/daily-ticker/qe3-coming-won-t-save-economy-lance-roberts-161942266.html


Lance Roberts, CEO and chief strategist of Streettalk Advisors, says there is nothing more certain than QE3 and the potential for another recession. "The trend of the data is all negative, so barring any quantitative easing program from the Fed, we will probably be in a recession by the end of the year."

go silver
more certain than death and taxes!

Miteysquirrel
08-05-2011, 10:30 AM
Otherwise economy collapses. Doom is coming, but not yet, have some fun...these are the good old days.

SilverTongueDevil
08-05-2011, 10:37 AM
just grab some popcorn and watch the show lets see if we get a new crowd of PM enthusiast.

Dabbler
08-05-2011, 11:03 AM
Otherwise economy collapses. Doom is coming, but not yet, have some fun...these are the good old days.

I don't see why you think the economy would collapse.

The job report was decent, not stellar. The manufacturing report was not good, but companies like GM and Ford reported great results.

All of the economic indicators show a mixed bag, but not doom and gloom. Where is the over speculated/inflated asset bubble? Where is the lack of liquidity? The answer is non existant.

What you saw yesterday was basically the definition of a correction. The broader equities market was overpriced. Maybe they are pricing in ahead of time that there will not be QE3? That doesn't mean that we will be in a free fall and massive layoffs, just a modest readjustment.

TheShiny
08-05-2011, 11:07 AM
I don't see why you think the economy would collapse.

The job report was decent, not stellar. The manufacturing report was not good, but companies like GM and Ford reported great results.

All of the economic indicators show a mixed bag, but not doom and gloom. Where is the over speculated/inflated asset bubble? Where is the lack of liquidity? The answer is non existant.

What you saw yesterday was basically the definition of a correction. The broader equities market was overpriced. Maybe they are pricing in ahead of time that there will not be QE3? That doesn't mean that we will be in a free fall and massive layoffs, just a modest readjustment.

We all need some of what this guy is smokin.

CashValueRecovery
08-05-2011, 11:10 AM
I don't see why you think the economy would collapse.

The job report was decent, not stellar. The manufacturing report was not good, but companies like GM and Ford reported great results.

All of the economic indicators show a mixed bag, but not doom and gloom. Where is the over speculated/inflated asset bubble? Where is the lack of liquidity? The answer is non existant.

What you saw yesterday was basically the definition of a correction. The broader equities market was overpriced. Maybe they are pricing in ahead of time that there will not be QE3? That doesn't mean that we will be in a free fall and massive layoffs, just a modest readjustment.

The job report was horrible. Remember they failed to mention how many people dropped off of unemployment in order to sway the numbers more favorably. Most all experts say we are closing in anywhere from 17% to 19% real unemployment/under employment. Im not going to look up the source as I dont have the time at work but I did see this morning some proof on a chart.

In the last quarter we went from 42.3 million on food stamps to 45.6 million. Yet unemployment went down a tenth of one percent? Sound fishy?