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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (149926)	4/22/2011 12:07:38 PM
From: teevee	Read Replies (1) \| Respond to of 206093

"Welcome to reality, Ben. Your "let's pretend the recovery is real" game is nearing an end. If you push the dollar down any more, then oil will go up and tip the real economy into a recession that QE3 will only make worse as you send the dollar into freefall. If the dollar rises, then your beloved "wealth effect" dies a horrible death on the rocks below." No QE 3 is needed and here is why. About $1.2 trillion in treasuries are due over the next 12-18 months and the money will be printed to redeem them. The unknown of this is how much of that money goes into the economy instead of being rolled over at low rates. If too much of this "new money" goes into the economy, the treasury rates will have to go up to "withdraw" some of that money from the economy to keep inflation in check and to keep a lid on new bubbles forming. Bernanke's job will be balancing rates with economic growth. Needless to say, with an election looming in 2012, there will be pressure to keep rate increases to a minimum.

To: ChanceIs who wrote (149926)	6/11/2011 1:54:18 PM
From: Dennis Roth	1 Recommendation Respond to of 206093

Bernanke Denies Culpability in Oil Prices canadafreepress.com The fall of the dollar against other currencies since the implementation of the Fed’s “rescue” policies can explain 57 cents of the price at the pump, as calculated by the Joint Economic Committee. In other words, if the dollar were currently as strong against other currencies as it was at the announcement of the first round of “quantitative easing,” then oil prices would be lower (quoted in dollars) and gasoline prices would be about 57 cents cheaper per gallon.