The "up-to-the-minute Market Data" thread

Benanke to Romney:

‘QE3’ is necessary, Bernanke suggests



Schwing!

Expect ECB accommodation to begin next week followed by the Fed on the 13th.

Got....?

reply to post by OBE1


You may be right because he already said he would replace him

reply to post by OBE1


3rd times a charm?

Bernanke said the evidence is clear that the benefits of QE outweigh the costs www.marketwatch.com...

Easy for him to say when we haven't even begun to pay the cost... Sigh!

U.S. Companies Brace for an Exit From the Euro by Greece
Even as Greece desperately tries to avoid defaulting on its debt, American companies are preparing for what was once unthinkable: that Greece could soon be forced to leave the euro zone

Bank of America Merrill Lynch has looked into filling trucks with cash and sending them over the Greek border so clients can continue to pay local employees and suppliers in the event money is unavailable. Ford has configured its computer systems so they will be able to immediately handle a new Greek currency.

JPMorgan Chase, though, is taking no chances. It has already created new accounts for a handful of American giants that are reserved for a new drachma in Greece or whatever currency might succeed the euro in other countries.
In a survey this summer, the firm found that 80 percent of clients polled expected Greece to leave the euro zone, and a fifth of those expected more countries to follow

“Companies are asking some very granular questions, like ‘If a news release comes out on a Friday night announcing that Greece has pulled out of the euro, what do we do?’ In some cases, companies have contingency plans in place, such as having someone take a train to Athens with 50,000 euros to pay employees.”
www.nytimes.com...

Greece, since its entry into the EU, has been forced to give up the ability to self sustain itself. Supermarkets now import produce from other EU countries, while Greek farmers have reduced or eliminated crops, in order to align themselves with Europe's mandates. Greece has slowly but surely has become an economic slave to its so called partners, who have utterly outsmarted the countries politicians in the game of ultimate domination. If Greece and other countries follow an exit from Euro, the big European countries such as Germany, the UK and France, will rise up to become policy and decision making machines, in such a scale, that in older times it would take a large scale war to acomplish.

Me, me, me. Who cares about how it affects other people?
The pending doom of yet another "Socialist Paradise". How very sad!

A Young Ben Bernanke?

panzner.typepad.com...

"He always knew what he wanted to be when he grew up."

H/T: Financial Armageddon

Fed statement 9/13/12:

“the Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month.”

“If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability.“

An old Ben Bernanke:

Gov printing more $ (QE3). We are going to tolerate higher inflation; then: wages adjusted for inflation to fall further; finally: consumption falls. Not good

reply to post by OBE1


Hi, everybody, yes OBE1, I woke up with the news of Bernanke again doing what the Fed is great for, keep bailing out the stock markets (they are the bosses of the Fed after all) at the expenses of the tax payer.

So, as long as the Markets keep their profits, screw the rest of the nation, Right?

You know when a nation is already in financial downfall when the big bankers steals blindly from the population.

And this Arab autumn is damn good for oil

Let's make another mov(i)e.

Originally posted by OBE1
Fed statement 9/13/12:

“the Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month.”

“If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability.“

An old Ben Bernanke:

lmao 10 bucks says he already hedged that pig 50-1.

reply to post by marg6043


But the Banks aren't stealing blindly from the population, the Banks and the Fed are stealing from the population in an In Your Face kind of way. It is the population that is allowing themselves to be blinded, to dumbed down I guess.

reply to post by herenow


The population is powerless, we the people voice our dissatisfaction when the bailout to the big to fail was in congress, we the people wrote letters, we make phone calls, even here in ATS we were voicing our disappointment.

But it became obvious that no even a change in government help us the people, we are run by a corporate dictatorship with the power to buy out our politicians.

Never underestimate the power of the people. They are not powerless. What they are, is uninformed. Most of the people I know are too busy with their daily struggle of survival than they are with watching the news or following the stock market. Most people don't watch the news. Most people have no idea whats going on in the world, and to try and explain what QE3 is, is like trying to get your cat to come when you want it to. The people will not act until their personal lives becomes affected in a big way. Until they have to start sacrificing things they don't want to give up. When that happens, people will wake up on a massive scale and their power will be unmatched. Until that point, the government, fed, and the invisible people pulling the strings of everything, will go unnoticed, and unchallenged. And as we can all see, this is exactly whats happening. They print money, bail themselves out, lower interest rates forever, line their own pockets and laugh at the population while they do it. Unfortunately, when the people do wake up, it will hurt both us and them. The storm is coming, the clouds are on the horizon, thunder can be heard. The real question is, is it a fast moving, or slow moving one? The world needs to see the end of profit and greed. The only way for humanity to evolve, is to get past this current system. We need to evolve beyond money, it is an old paradigm. So many people living the same way on a place that supports so many different ways of life. Why must we believe that this is the only way? There is no one right way to live. It's time to abandon the system, not fix it from within. You cannot solve a problem from within that problem. Walk away from it all. Being american or canadian, german, japanese..... it means nothing. We are all human. You do not belong to a country. You belong to Earth. Why do we feel the need to own properties? To possess things that cannot belong to us? Why do we need borders? Why do we have to limit our way of life? It all needs to be abandoned. Take away the limitations that we have created, and we will realize that we have unlimited potential, unlimited ways of life. But this can never happen if we rely on a monetary system that seperates us from everything else. Why do we put food under lock and key? Why do millions have to starve and die? For what purpose? We have abundance on this planet. We have the ability to thrive. When the system fails, we must stop waiting for it to be repaired and trying to repair it. We cannot keep fighting to remain in our own prison. We must realize its time to start living a new way of life.

So daily struggle is exactly what makes people powerless.

Let's go look for the third job - that's the reflex.

reply to post by DangerDeath


No even a third job, my friend, Obama crap just left my husband and many others in our neck of the woods unemployed, we found out that Obama policies on his Federal budget cuts, is favoring arse kissing small firms supposedly minority and disadvantage or under the umbrella of that, to under budget contracts and in return they are leaving many unemployed while the arse kissing small firms bring their own one superman from the headquarters to do the job of 4 people, that in return have to suppor one 100 government workers.

Now rather than employ locally they are bringing friend and families to do the job, to keep the profits to themselves, this is what been friends with the administration is doing.

Corruption to the max, but that is OK, let see what the superman with not training will do to the government employees that will be asking for the demands of jobs that required more people to keep things working smoothly.

Nevada man dies with $200 in bank, $7M in gold hidden inside home

A Carson City, Nev., recluse whose body was found in his home at least a month after he died left only $200 in his bank account.

But as Walter Samaszko Jr.'s house was being cleared for sale, officials made a surprise discovery: gold bars and coins valued at $7 million. - Details

Kinda risky...leaving $200 in the bank I mean.

Originally posted by OBE1

Nevada man dies with $200 in bank, $7M in gold hidden inside home

A Carson City, Nev., recluse whose body was found in his home at least a month after he died left only $200 in his bank account.

But as Walter Samaszko Jr.'s house was being cleared for sale, officials made a surprise discovery: gold bars and coins valued at $7 million. - Details

Kinda risky...leaving $200 in the bank I mean.

Wow... here the kicker though...

Glover said he wants to start selling off the gold as soon as possible. The IRS wants a share of the total, he said, and the case is relatively simple other than the agency's involvement.


Read more: www.foxnews.com...

Who the hell is he to sell off the gold? Earlier in the article it says they want to get the most money to the heir. Well what if the heir wants the gold? The reason they want to sell is because that is the only way the IRS can take a cut. If That cousin gets contacted they should say we want the gold not FRN's! But I am sure they are ignorant and will just go along with the what the county clerk government idiot says.

It always cracks me up they say he is anti government but did nothing to prevent the government from getting the gold he accumulated over a lifetime... No one bats an eye when the government just steal fortunes like this... God America is so screwed in their own ignorance...

WE NEED TERM LIMITS FOR ALL GOVERNMENT EMPLOYEES!!!
well i can dream; nothing else to do

Its over folks China is selling oil on the Yaun now...

www.abovetopsecret.com...