Tuesday, June 7, 2011

Weighing in on Helicopter landing

Turd Ferguson: Waiting for The Bernank (June 7 2011)
Before The Bernank, takes the podium, please take a moment to ponder from where the U.S. government will find its $1,650,000,000,000 needed for next year without continued Quantitative Easing.
1) China? Nope.
2) Japan? Good one.
3) Europe? Mmmm, no.
4) The Middle East? Negative.
5) TBTF banks. Jim Rickards says so. He's fooling himself. $1.65T? From the banks? Hahaha.
Federal Reserve Bank of Dallas President Richard Fisher said that when it comes to the central bank bond buying program referred to as QE2, "it's over at the end of June," as planned. "My vote will be not to extend it, and I doubt there will be much discussion about extending it" among other policymakers, Fisher said.
... the bets being placed in the XLF for July contracts show that there is a large portion of investors that feel the Fed, and Ben Bernanke just might bring QE3 into discussion, or give hints to its future implementation.

This is what debt really is ... nothing but a gold digger! Just say no, Big Ben!

No comments: