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Hilsenrath: Fed's Kohn Says Will Give "very Serious Consideration" To Qe3

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http://www.zerohedge.com/news/hilsenrath-feds-kohn-says-will-give-very-serious-consideration-qe3

As always happens, about a week after Goldman telegraphs the need for QE3, which they did last Friday, the WSJ's Fed mouthpiece Jon Hilsenrath reaches out to the media and proceeds to give the secret QE handshake. Now in its third iteration. In an "exclusive" interview with the Fed's last tree monetary affairs committee, Donald Kohn, Vince Reinhart and Brian Matigan, Hilsenrath observes that according to these masters of the universe the chance of another recession is 20-40%, which we are confident is a given at 100%, but more importantly, he quotes Don Kohn who "said the Fed still has some options to support the economy, but "they're kind of limited." He said he expects the central bank, which holds a policy meeting Aug. 9, to wait and see whether the recovery is really losing steam before taking any action. If that's the case--and inflation is coming down--then he would give "very serious consideration" to a new round of bond purchases, he said." Well, the 30 Year is at 2011 lows, TIPS are screeching, and stocks are plunging: all indications that the market anticipates deflation. Looks like the only wildcard is whether the FOMC will determine next Tuesday that the economy has slowed down. Which it has.

More printy printy, this time it will work...

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Err, it must be different this time as the gubermint would not be so stupid as to do something without knowing it will work.

Wonder what number of QE the Japanese are on at the moment and how many the Wiemar republic has before it worked .... oh it didn't work but I am sure it really is different in our case.

Ah right sorry, sense of humour bypass on my part.

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Err, it must be different this time as the gubermint would not be so stupid as to do something without knowing it will work.

Wonder what number of QE the Japanese are on at the moment and how many the Wiemar republic has before it worked .... oh it didn't work but I am sure it really is different in our case.

Perhaps this time they've run computer models and found the flaw in the Weimar and Japanese plans etc..?

I mean it's not like the UK govt has just blow around £10bn on a computer project that was never going to work....

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  • 333 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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