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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.78

+0.2%

Nov 3 4:00 PM EST

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To: TobagoJack who wrote (79276)	9/8/2011 11:26:00 AM
From: carranza2	1 Recommendation Read Replies (3) of 217536

From what I am reading about the discussions at the Fed, the tussle between the GOP and the Democrats in the House will serve as a template for the Fed's two-day romper room session later on in the month. All of the banksters are clamoring for QE3, naturally. It fills their coffers with moolah which they can use to speculate or plop down as excess reserves for a risk-free trade. I am going to go out on a limb here. I see a faint glint of integrity in Bernanke's eyes. He will push for no QE3, because he knows it doesn't work to stimulate markets, it only stimulates stock jobbers [love that phrase], bankers and speculators. It does not get a penny to potential employers or to the small businesses that drive our economy. B. will do the right thing, particularly as it appears that O! is going to give the corporations another tax holiday for repatriated cash. That by itself is $300 billion worth of stimulus. Add the $300 billion that O! is going to announce tonite, and we have $600 billion worth of stimulus. Under those circumstances, why do QE3? To juice up the stock markets? I don't think so. TWT.

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