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07:54 AM
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QE3 TIME!!! FED BOARD TO CONSIDER QE3 IN THE JANUARY MEETING
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[quote:ScrumpTheTexan:MV8xNzUzNjU4XzI5MDcyMDg2X0Q1Q0I5MEVB] [quote:Jane Smith:MV8xNzUzNjU4XzI5MDcyMDQ4XzlFQzZGMkUx] [quote:Anonymous Coward 1295887:MV8xNzUzNjU4XzI5MDcyMDAzXzZENzhFRTZE] spreading rumors just like CNBC. This would be meant to take credit for lower unemployment away from Obama. It's Europe's move next, no cutties in line. [/quote] Lower unemployment? Look deeper: Those lower numbers reflect people who can no longer receive unemployment or those who have simply given up. Yes, Europe will probably go down first, followed by the States. ... or were you just being sarcastic? [/quote] That charade is over... [b][i]Post-holiday unemployment claims rise by 24,000 to 399,000, the highest number in six weeks[/i][/b] [i]It's 'back to reality' as companies lay off shopping season hires[/i] BY ELIZABETH LAZAROWITZ/NEW YORK DAILY NEWS/ Thursday, January 12 2012, 9:22 PM IT LOOKS like Santa’s making some post-holiday returns. Claims for unemployment benefits snapped higher last week, defying their recent downward trend, government data showed on Thursday. The report supported suspicions that the surge in December payrolls may have been somewhat due to a surge in seasonal hiring that’s now unwinding. “The holidays exaggerated the strength of the economy and now we’re back to reality,” said Milton Ezrati, senior economist at money management firm Lord Abbett & Co... Read more: http://www.nydailynews.com/news/post-holiday-unemployment-claims-rise-24-000-399-000-highest-number-weeks-article-1.1005475#ixzz1jLKeslwq [/quote]
Original Message
[
link to www.cnbc.com
]
The make up of the Federal Reserve board is changing. New members are more likely to be in favor of another round of QE as they view the increase in holiday spending to have come from savings , and therefor unsustainable. (No surprise).
IMHO, this could be the explainaton for the move up in the markets as of late. Further QE will place more inflationary pressures on the economy, thus making market profits likely. What is wrong is, if I am correct, is that this message has clearly beeen whispered to the "Big Boys" long before public dissemination. The market moves have already been made & any of us who try to move in at this late date will be slammed in the downdraft when "sell on the fact" kicks in.
"Federal Reserve officials are seriously considering giving the US economy—and especially the housing market—an added jolt with more quantitative easing...
...As part of an normal rotation of presidents, the makeup of the FOMC will become more dovish this year ...
... The new program will likely concentrate on mortgage-backed securities in an explicit attempt by the Fed to provide more help to the housing market."
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