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JIM ROGERS: QE3 Will Make FED "Look Like Fools"....Most Economists See QE3 As EPIC FAIL...Even Ex-FED Admits Benny Is Out Of Bullets

 
MARTIAL_LAW
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09/13/2012 11:02 AM

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JIM ROGERS: QE3 Will Make FED "Look Like Fools"....Most Economists See QE3 As EPIC FAIL...Even Ex-FED Admits Benny Is Out Of Bullets
First off, IMAGINE this prediction by Deutsche Bank:

OPEN ENDED QE...NO Limits...NO stated Timeframe:

Contrary to prior rounds of QE, we do not expect a fixed size or end-date to be announced, rather policymakers will pursue an adjustable, open-ended program which will be modified as economic conditions (read employment conditions) warrant.

Read more: [link to www.businessinsider.com]

Of course, I contend they've essentially been printing all along, just covertly. To come out with this announcement would be insane.

-------------------------------------------------------------​---------------

Rogers: QE3 will make Fed 'look like fools'

"QE1 failed, QE2 failed, so I am not so sure they would announce QE3, because they will look like fools again," said Rogers. However, despite his misgivings, he added he does expect the Fed to unveil further QE.


Read more: [link to www.investmentweek.co.uk]

-------------------------------------------------------------​---------------

While the economists believe the Fed will act, they raised doubts about Mr. Bernanke's arguments. Of those who answered the survey of 51 forecasters, 28 said more QE this year would be a mistake, while 17 said it would be the right thing to do. Those surveyed are a mix of Wall Street, business-sector and academic economists. Not all economists answered every question.

The forecasters didn't see big benefits from a new Fed bond-buying program. Private-sector economists, asked about the impact of a hypothetical bond-buying program of $500 billion, on average estimated it would reduce the unemployment rate by only 0.1 percentage point over a year. The jobless rate was 8.1% in August. They also projected such a program would increase annual economic output, or gross domestic product, by 0.2%.

[link to online.wsj.com]

-------------------------------------------------------------​---------------


These mainstream economists aren't the only ones admitting QE is fail:

Another Ex-Fed Governor Admits "Only So Much Fed Can Do"

No matter how much political pressure, the need to keep that QE powder dry for when the stuff really hits the fan seems more prescient and Olson provides color on the limits of Central Bankers as he notes the effect of Fed actions as:

"the only possible impact it would have would be psychological," and that "they've provided all the stimulus you can do with monetary policy in the absence of anything happening with a better fiscal policy."

[link to www.zerohedge.com]

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THE FED IS OUT OF BULLETS!!

Overt QE3 is coming whether today or shortly after the elections. The question is: is this the one that breaks the proverbial dam and reveals the hyper inflationary depression is imminent?

Lastly, great interview here with John Williams about the hyperinflationary collapse coming no later than 2014:

Thread: John Williams - Sell-Off in Dollar Should Evolve into Hyperinflation

Last Edited by No More Lies on 09/13/2012 11:32 AM
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Philligan
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09/13/2012 11:04 AM

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Re: JIM ROGERS: QE3 Will Make FED "Look Like Fools"....Most Economists See QE3 As EPIC FAIL...Even Ex-FED Admits Benny Is Out Of Bullets
ML what do you think?

Is it gonna happen?
everything in its right place
boilerbengal

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09/13/2012 11:06 AM

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Re: JIM ROGERS: QE3 Will Make FED "Look Like Fools"....Most Economists See QE3 As EPIC FAIL...Even Ex-FED Admits Benny Is Out Of Bullets
great links as allways M Law.. thanks

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MARTIAL_LAW (OP)

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09/13/2012 11:07 AM

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Re: JIM ROGERS: QE3 Will Make FED "Look Like Fools"....Most Economists See QE3 As EPIC FAIL...Even Ex-FED Admits Benny Is Out Of Bullets
ML what do you think?

Is it gonna happen?
 Quoting: Philligan


I originally was convinced they would wait until December (after the elections). Now I think they just might, due to the OVERWHELMING belief they will. The letdown today would be WAY bigger than before...I'm now 50-50...I know the FED didn't want to get "politcal" with this (or so they claim), but they may feel there is no choice. Like mentioned above, the effects are purely psychological, meaning the Fed KNOWS QE isn't working...unemployment is still terrible, housing has never rebounded, etc etc etc.

Last Edited by No More Lies on 09/13/2012 11:08 AM
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Philligan
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09/13/2012 11:22 AM

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Re: JIM ROGERS: QE3 Will Make FED "Look Like Fools"....Most Economists See QE3 As EPIC FAIL...Even Ex-FED Admits Benny Is Out Of Bullets
ML what do you think?

Is it gonna happen?
 Quoting: Philligan


I originally was convinced they would wait until December (after the elections). Now I think they just might, due to the OVERWHELMING belief they will. The letdown today would be WAY bigger than before...I'm now 50-50...I know the FED didn't want to get "politcal" with this (or so they claim), but they may feel there is no choice. Like mentioned above, the effects are purely psychological, meaning the Fed KNOWS QE isn't working...unemployment is still terrible, housing has never rebounded, etc etc etc.
 Quoting: MARTIAL_LAW


I agree Martial but this is just crazy, everything is so inflated its crazy doing it again.

this is the problem they will begin to run into.

Once it doesn't work then we will see a collapse
everything in its right place
MARTIAL_LAW (OP)

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09/13/2012 11:27 AM

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Re: JIM ROGERS: QE3 Will Make FED "Look Like Fools"....Most Economists See QE3 As EPIC FAIL...Even Ex-FED Admits Benny Is Out Of Bullets
ML what do you think?

Is it gonna happen?
 Quoting: Philligan


I originally was convinced they would wait until December (after the elections). Now I think they just might, due to the OVERWHELMING belief they will. The letdown today would be WAY bigger than before...I'm now 50-50...I know the FED didn't want to get "politcal" with this (or so they claim), but they may feel there is no choice. Like mentioned above, the effects are purely psychological, meaning the Fed KNOWS QE isn't working...unemployment is still terrible, housing has never rebounded, etc etc etc.
 Quoting: MARTIAL_LAW


I agree Martial but this is just crazy, everything is so inflated its crazy doing it again.

this is the problem they will begin to run into.

Once it doesn't work then we will see a collapse
 Quoting: Philligan


Yep. Many are thinking this could be the final one. I mean if they announce open-ended QE as Deutsche bank suggests, it literally would be because there would be NO cap or timeframe set...it could just go on until it kills the dollar completely.

[link to www.businessinsider.com]

Last Edited by No More Lies on 09/13/2012 11:27 AM
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