Monday, September 20, 2010

Fighting deflation with a vengeance

QE2 in round trillions

QE: $30 trillion... "....collosal adventure into the unknown."

Posted by tom101 @ 07:17 PM (2060 views)
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12 thoughts on “Fighting deflation with a vengeance

  • Yippee – lets do it! Techieman is always going on about how much of a threat deflation it, so let’s all just go for it! In fact, let’s really do it big time 30, 40 50 100 trillion! YESSSSSSSSS!!!!

    Let’s try and see them prove, that you don’t get deflation in a FIAT system.

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  • might be an idea to actually read the article. A threat is judged by both frequency and severity. The key to the article for those that are hard of reading is this:

    “, I am pretty sure he said it would take $30 trillion to do the job – given the scale of wealth destruction from the US property crash and ferocity of debt deleveraging still to come.”

    “Whatever Bernanke may think in private – and I am sure that he would dearly like to get ahead of the curve with fresh `credit easing’ [his term] to limit the tail-risk of deflation – he cannot even command the unity of the Fed Board in Washington. Kevin Warsh seems to share much of the scepticism of the hawks.”

    as i have said over and over its not what he wants to do its what he will be allowed to do.

    As for what he will do, and what the markets think of it – well we will find that out soon enough.

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  • Hi techieman, an interesting article, I am still with you on the deflation front, but what a conundrum, we will see.

    What did you think of Morgan Stanley’s chart of over/under valuation of currencies versus the USD?

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  • might be an idea to actually read the article.

    I did read it thank you; I’m just saying I hope they go through with something like that.

    You are always banging on about deflation, so let’s see them really do something about it.

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  • techieman – Very Morgan Stanley, different departments spinning different cr4p.

    The bottom line still appears to be the “race to the bottom” scenario, it just depends on timing.

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  • hpw – you are making about as much sense as an afro comb for Elmur Fudd

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  • yes TC you are right… apologies… i should have said:

    hpw – you are making about as much sense as an afro comb for titanic captain… 😉

    by the way heres some more Looneys

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  • hpw – you are making about as much sense as an afro comb for Elmur Fudd

    Yes, yes, whatever you say….

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  • 11. hpwatcher

    The banks have given up the ghost and are now long gold.

    It’s not looking good for the dollar.

    If one places Iran into the mix things could really get out of control.

    “Deflation after total collapse.” imho.

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  • “thats all folks” …. or is it…..?

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  • The banks have given up the ghost and are now long gold.

    I think you have got the better of me there, how so? I mean, how do you know?

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