Tuesday, August 9, 2011

Inflation & QE inbound – duck!

Fed to Keep Rates at Record Lows at Least Through Mid-2013

"The Federal Reserve pledged for the first time to keep its benchmark interest rate at a record low at least through mid-2013 in a bid to revive the flagging recovery after a worldwide stock rout".

Posted by alan @ 07:46 PM (2177 views)
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15 thoughts on “Inflation & QE inbound – duck!

  • general congreve says:

    Whoever said, “Don’t Fight the Fed”, was damn right. Negative Real Rates to Infinity and Beyond!

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  • clockslinger says:

    I was going to ask if it was too late to buy gold.

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  • Fookers
    I was up several hundred pips on the Dow ’til they announced this, but unfortunately was out for the evening so lost them all again. D’oh.

    Gold it is then, til mid 2013 anyway.

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  • “Gold it is then, til mid 2013 anyway.” Maybe, maybe not weight everything you read up, just as you read one piece of information do not take it as Gospel!

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  • Savers punished again then. Is the record worn out yet?

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  • keith thomas says:

    The only reason you listen to what Ben Bernake or the FED announces is to find out want isn’t going to happen

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  • I was going to ask if it was too late to buy gold.

    Not too late, but only buy on the dips.

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  • Haven’t seen many dips lately, have you ?

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  • Haven’t seen many dips lately, have you ?

    There will be dips. And as we all know, nothing goes up in a straight line – ever!

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  • general congreve says:

    @8 – Until the day they finally lose all control over the beast and it breaks free from its bonds, rising up in a vortex to tower over the earth, crushing all the non-believers before it.

    Dramatics aside. If they continue to devalue the dollar, pound, euro etc., which is the only plan they have, then it is always a good time to get into gold. If they don’t devalue the currencies we’ll just have a massive depression and the currencies devalue anyway, unless of course we achieve the holy grail of growth – the likelihood of that happening is for you to decide.

    So providing you know you can put aside a chunk of savings that you know you will not need rapid access to for a while (I’d say about 6 months) then you can happily invest in gold at any time and be safe in the knowledge that you will ride out any short term volatility on the way up.

    What’s the alternative? Stay transfixed in the headlights until… BANG! There’s still time to jump out of the path of the oncoming truck, but the sooner you do it the better, because the driver of the truck is pressing the accelerator down all the time.

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  • titaniccaptain,

    Very good, A picture and a one liner, so precious.

    The cans of organic baked beans have been sent out to you.

    Enjoy!

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  • general congreve says:

    @10 – Yep, in addition to exchanging monopoly money for real money I’d also advise anyone to keep the cupboards well stocked to ride out any short term disruption to the supply chains from bank collapse etc. and in light of the recent disturbances in London, also keep a shotgun if you can get a licence, or at least some pepper spray and a machete handy, something I have alluded to in the past. The suggestion isn’t looking so paranoid right now, is it?

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  • Wise words GC! I would agree a well planned 3 month hamper of your favourite goodies would be a sensible option. To think gold is $1700 and a decent hamper, say $500. Would provide that little bit of security and comfort. The looters would in my opinion be joined by the shoppers in emptying stores (legally through cash payments). Anyway, good to see HPC going strong. Taught me an awful lot! So thank you 🙂

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  • Perhaps I’m wrong but I suspect the majority of rioters and looters have little awareness of the economic situation.

    At this stage at least I doubt there’s much of a connection.

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  • general congreve says:

    @12 – I’m sure they don’t, I expect most can barely read or write, that is not the point. The point is that times get harder and jobs are lost and benefits are worth less in real terms, we will see more civil unrest and criminality,resulting in more danger in the lives of UK citizens.

    People will do well do to put the means to protect themselves in place. It is only in recent decades that people in the UK have absolved all responsibility for their own personal safety and that of their property to the police and authorities. When it all goes off you can see just how effective the authorities are at protecting people. If someone comes to burn down your home or business and you put a shotgun in their face I imagine the problem will soon be resolved one way or another, rather than going in the criminal’s favour.

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