This post on 12/4/11, submitted by (one of the?) Durdens, whatever, it's not listed as a guest post, this is Zero Hedge all but guaranteeing to their loyal lemmings an announcement of QE3 during by the Fed this week.
http://www.zerohedge.com/news/when-doves-laugh-4-weeks-until-quiet-coup-fed-gives-qe3-green-light
Submitted by Tyler Durden on 12/04/2011 19:34 -0500
So what did the new SUPER DOVE Fed do this week?
One man, Lacker, pulls out a monkey wrench and ruins everything.
http://www.zerohedge.com/news/no-qe3...s-full-redline
No QE3; ZIRP Extended Thru 2014 As Jeffrey Lacker Objects - Full December-January Statement Comparison
[Submitted by Tyler Durden on 01/25/2012 12:33 -0500
Ho hum, we were wrong, little of note to mention here, accept some other prediction which we assure you is spot on. hahahaha ******* hacks.
what's with the pimping of the reports of so many investment banks while constantly bashing Goldman? front operation?
http://www.zerohedge.com/news/when-doves-laugh-4-weeks-until-quiet-coup-fed-gives-qe3-green-light
Submitted by Tyler Durden on 12/04/2011 19:34 -0500
With under 30 days left in 2011, the current roster of 4 rotating voting Fed governors is about to be swept out, only to be replaced with 4 new ones. Yet as the chart below from SocGen shows, the rotation will probably be the most dramatic in Fed history as 3 die hard Hawks (and 1 dove) are eliminated only to be replaced with a panel which is almost exclusively Dovish. In fact, at the end of the day the only modest Hawk on the Fed's voting committee will be Richmond Fed's Jeffrey Lacker (the only member to vote against the drop in FX swap line rates), and even he in the past has shown his dovish wings. Which means that for all intents and purposes, the major delay in global events, and market uncertainty, merely has to last until the end of the year when the doves take over. Furthermore to anyone who will point out that in 2012 virtually every single Hawk will be mysteriously out of the voting rotation, all we can say is: "you are correct." And if Europe or Iran or China or any other event serves as a welcome distraction for a few more weeks until the Fed once again does what it does best (and only), so be it.
One man, Lacker, pulls out a monkey wrench and ruins everything.
http://www.zerohedge.com/news/no-qe3...s-full-redline
No QE3; ZIRP Extended Thru 2014 As Jeffrey Lacker Objects - Full December-January Statement Comparison
[Submitted by Tyler Durden on 01/25/2012 12:33 -0500
Little of note in the statement: no QE3 explicitly in the form of LSAP, which an S&P over 1300 and crude at $100 made prohibitive. Instead the Fed is extending ZIRP through 2014, from 2013, which as commentarors, primarily Goldman had expected, and which means sub-3 year rates will never be above zero again. Our prediction for a €100 trillion 1 week MRO is not looking quite as insane anymore.
what's with the pimping of the reports of so many investment banks while constantly bashing Goldman? front operation?
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