SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : John Pitera's Market Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Pitera who wrote (12907)10/23/2011 8:55:41 AM
From: Hawkmoon1 Recommendation  Read Replies (1) of 33421
 
John, I definitely agree with all your points..

One thing I'm suspecting is that, should the EU govt's pull something together, it's going to equate to a massive QE on their part aimed at salvaging their big banks. I don't believe it will do anything for their economies, but they will save their banking system..

But that will put massive pressure on their currency against the US dollar and others. So it's going to require these other nations to engage in further QE on their own parts to maintain a stable relationship to the Euro and prevent it's outright collapse.

I think this is why certain Fed governors were out last week suggesting more QE might be needed, in the form of purchasing MBS.

If this is the case, it could have serious ramification for metals. But then again, the last thing this global economic recovery needs is higher commodity prices, in my opinion. It merely increases the cost of manufactured goods at a time when few people can afford to pay higher prices.

Btw, my sister just flew from OK to Idaho to celebrate my Grandfather's 90th B-day today. She made her reservations over a month ago, but the tickets cost her $700.. And gasoline here in Idaho is still 40 cents/gallon more expensive than in OK (average $3.67 for 85 octane unleaded). This is really putting a crimp in economic activity and recovery..

Hawk
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News