QE3 Away!: (EDIT: Now on the special unlimited nights and weekend spending plan)…

[CA renter]

Agree on the rice — it’s cheap and filling — and we all love rice, but it’s not the most nutrient-dense food. Believe it or not, we don’t eat that many starches (compared to the quantities of other foods eaten in our household), which probably explains why our bills are so much higher. Basically, it’s meat, veggies, and fruits. We always try to buy organic/fresh (DH usually catches most of our fish, but that’s not cheap, either), so most of our calories are pretty expensive relative to rice or pasta. We don’t drink sodas in our house (which is cheap, anyway); usually it’s just milk, water, and orange juice.

Even when we try to eat “Asian-style,” it gets pretty steep. Just had an incredible spread of sushi with some friends the other night. Not at all cheap (all fresh caught, but fishing costs money), but so very tasty! 🙂 We suck at saving money on food.

We live in “Nirvana,” so the closest Asian market is 99 Ranch which is far enough away that any savings there would be offset by the gas used to get there and back.

You have some good ideas, though, so will try to do more inexpensive Asian cooking to see if it results in any savings. Thanks for all the tips, AN! 🙂

[an]

Japanese is definitely the most expensive, out of all the Asian foods. Due to the raw fish factor. The cheapest, I think is Chinese, Thai, and Vietnamese. These food are heavy on rice. The meat is there to give you some nutrition but is not meant to be the main source for filling you up. That’s where rice comes in. I know that if you’re not used to eating this way, it might not work, but for me, it works well and save me a lot of $$. Also, one of the cheapest yet satisfying meal is when I boil http://en.wikipedia.org/wiki/Ipomoea_aquatica. I eat this boiled veggie dipped in fish sauce and also use the water I boiled the veggie in as soup. This won’t give you the protein you’d need, so I wouldn’t do this everyday. But it’s a cheap way to get full, and for me, it’s delicious :-).

I agree that Asian markets are far away from you. So saving might not be as enticing. For me, there are 3 Asian supermarkets in Mira Mesa and 1 more on its way. We rarely go to 99 anymore. Zion is cheaper for veggie and we buy meat fresh at the supermarkets in MM when we’re ready to eat. There’s one 5 blocks away from me.

If you decide to try and eat inexpensive Asian food, you should also make sure you’re eating it Asian style. I.E. a lot of rice and a little meat, vs what you might have been accustom to, which is a lot of meat and a little carb.

[rankandfile]

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

I think it’s safe to say we are (and have been for some time) in an inflationary period in our nation’s history. The question then becomes a matter of when, not if, the deflationary period will actually come…and come it must.

The money-changing Keynesians have once again been backed into a corner as they have been so many times throughout history. What are their only options to solve the crises that they have created? The same as always- (1) debasement of the currency, (2) mis-information about the debasement of the currency, and (3) war.

[UCGal]

Some thread detours annoy me. This one – discussing grocery bills, food styles, recipes…. Really cool. Not at all annoying.

But then again – I’m always looking for a way to stretch the food budget and still eat tasty food.

I will be checking out Zion market next time I’m in Kearny Mesa.

[Coronita]

[quote=UCGal]Some thread detours annoy me. This one – discussing grocery bills, food styles, recipes…. Really cool. Not at all annoying.

But then again – I’m always looking for a way to stretch the food budget and still eat tasty food.

I will be checking out Zion market next time I’m in Kearny Mesa.[/quote]

i go to zion all the time for fruits and veggies.
Ranch 99 for fruits too…
I’d stay away from the meat there personally.
The fish is OK if you make sure the fish is from the U.S.

BTW: Zion will be moving to where the old Kmart was in Clairemont next year i think.

[UCGal]

Cool. Even closer… We got to dixieline and big 5 – which are right near the old kmart/sears.

[carlsbadworker]

The last QE should have the most significant effect in re-inflating the housing bubble. Unlike previous QE, people were worried that the FED will take away the stimulus when the inflation rises.
Now FED is saying that it doesn’t care about inflation anymore, as long as the unemployment rate is high…it will keep the QE forever.
And we all know that unemployment has more to do with the quality of education than with liquidity. And with the education costs rising, I doubt it will ever go down to the level that makes FED happy.

[paramount]

I wonder if QE3/infinity required congressional approval.

[UCGal]

No. It’s being done by the Fed, not the treasury.

[Coronita]

Oh boy… We’re really doing the Hail Mary on this one… Note “We might even expand our purchases to include other assets,” he said.

Maybe they’ll start buying back GM/Chrysler cars for folks that can’t make payments on those too…Lol….

Lolx2: love the quote about “accelerated growth of 2.5%” woohooo!!!!!

http://finance.yahoo.com/news/fed-williams-qe3-asset-purchases-223514697.html

SAN FRANCISCO (MarketWatch) — The Federal Reserve could expand its stimulus package to include assets other than mortgage-backed securities if the U.S. economy fails to respond to its latest effort to jump-start the economy.
Reuters The Federal Reserve building in Washington.
“Unlike our past asset-purchase programs, this one doesn’t have a preset expiration date,” said San Francisco Fed President John Williams at a speech at the City Club on Monday. “Instead, it is explicitly linked to what happens with the economy.”
At its monetary-policy meeting on Sept. 13, the U.S. central bank said it would buy $40 billion worth of mortgage-backed securities per month as part of a stimulus plan colloquially known as QE3 — for Round 3 of quantitative easing.
“We might even expand our purchases to include other assets,” he said.
While the Fed is limited to what it can hold on its books, it can increase purchases of U.S. Treasurys, mortgage-backed securities, and debt issued by agencies such as Freddie Mac and Fannie Mac, Williams said.
He also suggested that the Fed could extend Operation Twist beyond the end of the year, when it is due to expire, and continue buying longer-term Treasurys if the economic recovery does not make substantial progress.
There are measurable and significant impacts from Fed’s policies from QE1 and QE2 in the market, but economic growth is not strong enough and still has a long way to go, he said.
Meanwhile, unless Europe heads nearer a worst-case scenario — a wholesale breakup of the euro zone — Williams considers the domestic “fiscal cliff” scenario a bigger threat to the U.S. economy, he said. The fiscal cliff refers to the federal tax increases and spending cuts that set to go into effect under current legislation.
“I don’t expect all these tax hikes and spending cuts to take place as scheduled,” Williams allowed. “Still, there’s little doubt that a number of austerity measures will hit. I expect that to slow our economy’s forward progress.”
Williams projected U.S. gross domestic product to expand by about 1.75% this year, followed by an acceleration in growth to 2.5% in 2013 and 3.25% in 2014. The unemployment rate, he said, is likely to ease to 7.25% by the end of 2014, while inflation remains below the Fed’s target of 2% “for the next several years.”

[Coronita]

…meanwhile…feel free to bicker all you want on the class warfare, fair share, etc…. while the rest of the country goes down in flames….

[paramount]

I was reading an article on seeking alpha that (I thought) suggested QE3 money would not make it past the banks (and therefore to consumers) and would not significantly impact inflation.

Further suggesting that Bernanke’s helicopter strategy might be more effective.

[Coronita]

[quote=paramount]I was reading an article on seeking alpha that (I thought) suggested QE3 money would not make it past the banks (and therefore to consumers) and would not significantly impact inflation.

Further suggesting that Bernanke’s helicopter strategy might be more effective.[/quote]

It’s not suppose to. (I was joking about the GM thing).

[Author]

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