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Bernanke Live: Q E Is Over

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http://www.telegraph.co.uk/finance/economics/interestrates/8591772/Fed-chief-Ben-Bernankes-press-conference-live.html

Federal Reserve says it will end quantitative easing this month

• Fed to keep key interest rate between 0pc and 0.25pc

• Interest rates need to stay low for "an extended period"

• Bernanke to hold press conference at 7:15pm UK time

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http://www.telegraph.co.uk/finance/economics/interestrates/8591772/Fed-chief-Ben-Bernankes-press-conference-live.html

Federal Reserve says it will end quantitative easing this month

• Fed to keep key interest rate between 0pc and 0.25pc

• Interest rates need to stay low for "an extended period"

• Bernanke to hold press conference at 7:15pm UK time

Must be the 5th time now.

:lol:

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http://www.telegraph.co.uk/finance/economics/interestrates/8591772/Fed-chief-Ben-Bernankes-press-conference-live.html

Federal Reserve says it will end quantitative easing this month

• Fed to keep key interest rate between 0pc and 0.25pc

• Interest rates need to stay low for "an extended period"

• Bernanke to hold press conference at 7:15pm UK time

Sorry, the internal logic is entirely inconsistent.

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http://www.telegraph.co.uk/finance/economics/interestrates/8591772/Fed-chief-Ben-Bernankes-press-conference-live.html

Federal Reserve says it will end quantitative easing this month

• Fed to keep key interest rate between 0pc and 0.25pc

• Interest rates need to stay low for "an extended period"

• Bernanke to hold press conference at 7:15pm UK time

Yes and they have already said they will not have QE3.

That is why it will be called Operation Twist. It will be announced informally at Jackson's Hole in the late Summer/Autumn, like QE2 was in 2010.

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Short sharp period of plunging markets ... those 'in the know' buy up assets cheap and the media pundits beg for TPTB to do something ... then QE3 announced and markets shoot up again as 'Fed save the day again'.

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Short sharp period of plunging markets ... those 'in the know' buy up assets cheap and the media pundits beg for TPTB to do something ... then QE3 announced and markets shoot up again as 'Fed save the day again'.

you, me and other "savvy" investors have been saving up a vulture fund for buying up cheap assets prior during the QE3 denial stage before they shoot up in the QE3 announcement stage.

Probably means the opportunity won't be forthcoming if past experience is anything to go by.

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There is no deflation threat thus there will be no QE3 and in fact possibility of unwinding QE2.

So, for QE3 the wheels must come off.

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http://www.reuters.com/article/2011/06/22/us-usa-fed-idUSTRE75K3RK20110622

The Federal Reserve on Wednesday cut its forecasts for U.S. economic growth, but offered no hint of further monetary support, saying growth should pick up soon.

In quarterly projections released at the end of a two-day policy meeting, the central bank said the U.S. economy should grow 2.7 to 2.9 percent this year, a forecast that was marked down from a 3.1 to 3.3 percent projection released in April.

Of course growth will pick up soon, everyone is waiting to spend. They are just waiting for the central banker say so and then the consumer recovery will take off......

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QE will likely be done 'in secret' and under different names and disguises. I wouldn't expect them to call it QE or even announce it in public.

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QE will likely be done 'in secret' and under different names and disguises. I wouldn't expect them to call it QE or even announce it in public.

How about fractional reserve government?

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In the face of RB's continued battle cry of deflation what with multiple posts related to the alledged fact of its on it's way this quote makes me think of you :rolleyes:

"Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof."

John Kenneth Galbraith

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QE will likely be done 'in secret' and under different names and disguises. I wouldn't expect them to call it QE or even announce it in public.

If memory serves - shortly after the Northern Rock debacle, didn't Mervyn King get his way and so the BOE can now covertly provide liquidity support to banks without needing to inform anyone?

If that's true, then QE never ended here.

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If memory serves - shortly after the Northern Rock debacle, didn't Mervyn King get his way and so the BOE can now covertly provide liquidity support to banks without needing to inform anyone?

If that's true, then QE never ended here.

Yes. BoE now has the power to act secretly. We won't even hear about what they are doing.

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If memory serves - shortly after the Northern Rock debacle, didn't Mervyn King get his way and so the BOE can now covertly provide liquidity support to banks without needing to inform anyone?

If that's true, then QE never ended here.

Short term lending to tide over a bank in a spot of bother is not quite the same as QE though - QE is buying long term government bonds.

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Yes. BoE now has the power to act secretly. We won't even hear about what they are doing.

Excellent, so one morning we could all wake up penniless without even knowing what happened.

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Short sharp period of plunging markets ... those 'in the know' buy up assets cheap and the media pundits beg for TPTB to do something ... then QE3 announced and markets shoot up again as 'Fed save the day again'.

Exactly what will happen. No reason we cannot benefit from this though.

If they really are finishing QE (for now) then there will be some dark days ahead for stocks and commodities (and probably silver) - just load up when it overshoots and wait for the inevitable policy response.

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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