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Old Sep 12, 2012, 7:06pm   #105
 
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Politics

new_trader started this thread Rich-Poor Gap Widens to Most Since 1967 as Income Falls

Rich-Poor Gap Widens to Most Since 1967 as Income Falls - Bloomberg

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The 46.2 million people living in poverty remained at the highest level in the 53 years since the Census Bureau has been collecting that statistic.
This is what you get when Socialism "saves" Capitalism.

The Central Planners will conclude there is not enough Socialism...





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Old Sep 13, 2012, 1:39pm   #106
 
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Q.E3 or Q.E Unlimited

new_trader started this thread I find it tricky trying to read the market around Roll over time. However there isn’t anything that causes me to think this rally is over, meaning that Ben Bernanke is unlikely to disappoint the market. I just saw an interview on Bloomberg and I think I agree with the analyst.

Basically, the question is not whether Ben Bernanke is going to provide more cheap money, I think the real question is:

Will it be Q.E3 or Q.E Unlimited?


If it is Q.E3 then I don’t think the market is going to react much at all, as it looks like a lot of this rally has already factored in some of it. Q.E Unlimited will be a different story though.

I could be wrong, but nothing else would makes sense of what I’m seeing. The real surprise would be the FED doing nothing, which I doubt. This would cause a reaction in the market that IMO would only be temporary. The election is getting close and I’m convinced Obama is twisting Ben Bernanke’s arm to get him to make him look good. I think Ben Bernanke wants to keep his job as well and he has more chance of doing that under Obama.






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Old Sep 13, 2012, 5:55pm   #107
 
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Re: ES Trading

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Bank of England | Publications | News Releases | Bank of England maintains Bank Rate at 0.5% and increases size of Asset Purchase Programme by £50 billion to £375 billion

Bank of England maintains Bank Rate at 0.5% and increases size of Asset Purchase Programme by £50 billion to £375 billion







And in Europe....


ECB Cuts Benchmark Rate to Record Low of 0.75%, Deposit to Zero

ECB Cuts Main Rate to Record Low, Deposit Rate to Zero - Bloomberg






The U.S will be next, you can Bernanke on it!


Once you pop, you just can't stop! Gold stocks are higher again today.
Fed Plans to Buy $40 Billion in Mortgage Securities a Month

Fed Plans to Buy $40 Billion in Mortgage Securities a Month - Bloomberg

Quote:
The Federal Reserve said it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month in a bid to boost growth and reduce unemployment.

Quote:
The FOMC said it would likely hold the federal funds rate near zero “at least through mid-2015.” Since January, the Fed had said the rate was likely to stay low at least through late 2014. The Fed said “a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens.”











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Old Sep 14, 2012, 7:45am   #108
 
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Re: ES Trading

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Gold certainly isn't acting like it was a bubble despite the concerted attempts to talk down gold by all the "gold is a bubble" freaks in trade2win and in the mainstream media. Although it is premature to say for sure right now, gold will have to fall below US$1000 in the next two to three weeks for it to have been classed as a bubble otherwise it would be one of the most unique bubbles in the history of human civilization. If that doesn’t happen then all the deflationists and “gold is a bubble" freaks have lost the last remnants of credibility they currently have, even though IMO they have been clueless since the start of the Global financial crisis...and before.


Gold (GCV2) @ 1775.90

This means two things as far as I am concerned:

(1) GAME OVER for the Deflationists. You’ve lost.

(2) This is going to be the boldest statement I make about Gold: Anyone who has been waiting on the sidelines to buy ‘cheap’ gold, your opportunity to buy below $US1600.00 has passed possibly forever but at least for a very long time (5+ years).



Gold $3000!








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Old Sep 14, 2012, 1:10pm   #109
 
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Ron Paul and the FED

new_trader started this thread Ron Paul is THE GOLD STANDARD in Politics & Economics.


Ron Paul: We're Creating New Money Out of Thin Air: Video - Bloomberg






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Old Sep 19, 2012, 10:49am   #110
 
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Currency Wars

new_trader started this thread BOJ Follows Fed to Bolster Stimulus as Growth Falters

BOJ Follows Fed to Bolster Stimulus as Growth Falters - Bloomberg

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“Whether central banks intend it or not, there is a competition for loosening monetary policy around the world,” said Izuru Kato, chief market economist in Tokyo at Totan Research Co. and one of the analysts who forecast easing. Shirakawa doesn’t want to be seen as “reluctant to compete in the race” because of the risk of yen gains that will hurt the economy, Kato said.

The currency wars continue. It is a race to the bottom in which the holders of paper fiat rubbish will lose and unfortunately they are the poor and the middle class.

Those who say paper money is superior to gold and subscribe to the idea that a “Central Bank have control of the money supply is a massive advantage” I hope you are impoverished by your beliefs, but I would say that you are in fact hypocrites and only want others to keep the worthless notes that you ostensibly worship.

Only in an Orwellian world does a strong currency hurt the economy.






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Old Sep 20, 2012, 9:25am   #111
 
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Re: ES Trading

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Argentina inflation: shoot the messenger

Argentina inflation: shoot the messenger | beyondbrics

Do you honestly think that it's only the Argentine government that manipulates and understates inflation figures?


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Pension returns at risk as inflation change mulled

Pension returns at risk as inflation change mulled | Reuters


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Aligning the long-standing RPI more closely to the newer CPI could save cash-strapped Chancellor George Osborne 3 billion pounds a year in debt interest payments, but risks alienating bondholders.

The Central Planners tell us there isn’t any inflation but they want to change the way it’s calculated to save them money while impoverishing everyone else. And there are numbskulls in this forum who think it is the free market Capitalists who are greedy! Look at what Government is doing to you and everyone else!




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Old Sep 24, 2012, 8:12am   #112
 
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Re: ES Trading

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I agree and that is why I think there hasn’t been much public participation in the stock market since the global financial crisis began. In regard to your view about the dollar and deflation, I think gold is replacing the dollar as the ‘flight to quality’ asset. The 5 day change for the S&P500 is (-2.2%), the dollar index is (-1.56%) and gold is +1.2%. As for the US raising interest rates, it will only make a difference if real interest rates are positive and is that likely to happen? The USA looks like it might lapse into another recession and has the FED ever tightened when the economy is that weak?

As far as deflation is concerned, when priced in real money (i.e. gold) there has already been deflation. In March 2009 when the stock market reached its lowest point the S&P500 was worth around 0.72 ounces of gold and today the S&P500 is worth about 0.84 ounces of gold, so the S&P500 hasn’t gained much in the last few years, 10 years ago the S&P500 was worth around 4.5 ounces of gold! If you compare the gold to S&P500 ratio from 1950 up until 1971 when the USA was on a gold standard you will notice that whenever the S&P500 costs less than an ounce of gold it is ‘cheap’ in relative terms. It is up to you to determine where you believe those ratios will meet.

Speculating is great fun!
This is what the deflationists don't understand. The ratio is currently 0.823 (1449.00/1761.10), in other words, priced in real money there has been ZERO economic growth when measured by the S&P500...in fact...it has been slightly negative growth!


Sep 6, 2012 - 5:00 -

Lehrman Institute chairman Lewis Lehrman on returning to the gold standard.
Would a Gold Standard Encourage Investment and Saving?

Quote:
"Under the Gold Standard the American economy grew at 4% compounded annually from the birth of the republic practically right up to 1971"




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