The Fed’s $600 Billion Statement, Translated Into Plain English

[JWM in SD]

“But, that short term patch does seem to do a dandy job inflating another bubble, doesn’t it?”

Not if you look at the DXY chart and actually buy groceries and gas it doesn’t. Not Really.

If the shit hasn’t hit the fan, then why the need for QE2? Bernanke is TRAPPED.

[Coronita]

[quote=JWM in SD]”But, that short term patch does seem to do a dandy job inflating another bubble, doesn’t it?”

Not if you look at the DXY chart and actually buy groceries and gas it doesn’t. Not Really.

If the shit hasn’t hit the fan, then why the need for QE2? Bernanke is TRAPPED.[/quote]

But….Current gas prices are nowhere near the all time high a few years ago, when 91 octane ran close to $5/gallon. .We’re currently at $3.20/gal (lower if you go to costco). And same could be said about food prices. We’re not seeing significant inflation (yet….Keyword is YET)….We will, eventually..But when? no idea…. I don’t have a crystal ball….So I just like to deal with the short term…

If you think 5-10 years or so is “short term”, that isn’t exactly short term in my book. It’s a lot of time to make adjustments and reduce expenditures,etc…Like have no debt and or owning primary outright or close to it….

Also, bernanke isn’t exactly out of options yet, is he? I mean, there’s QExxxyzzz, until our foreign constituents say no more….When he is out of that option, I call that the shit hitting the fan…. I don’t disagree with you if we head down the path, the shit will hit the fan…Where i disagree with folks is probably when it will happen. Might not happen for some time… What are folks going to do? Just wait for the sky to fall?

[Coronita]

[quote=JWM in SD]”But, that short term patch does seem to do a dandy job inflating another bubble, doesn’t it?”

Not if you look at the DXY chart and actually buy groceries and gas it doesn’t. Not Really.

If the shit hasn’t hit the fan, then why the need for QE2? Bernanke is TRAPPED.[/quote]

But….Current gas prices are nowhere near the all time high a few years ago, when 91 octane ran close to $5/gallon. .We’re currently at $3.20/gal (lower if you go to costco). And same could be said about food prices. We’re not seeing significant inflation (yet….Keyword is YET)….We will, eventually..But when? no idea…. I don’t have a crystal ball….So I just like to deal with the short term…

If you think 5-10 years or so is “short term”, that isn’t exactly short term in my book. It’s a lot of time to make adjustments and reduce expenditures,etc…Like have no debt and or owning primary outright or close to it….

Also, bernanke isn’t exactly out of options yet, is he? I mean, there’s QExxxyzzz, until our foreign constituents say no more….When he is out of that option, I call that the shit hitting the fan…. I don’t disagree with you if we head down the path, the shit will hit the fan…Where i disagree with folks is probably when it will happen. Might not happen for some time… What are folks going to do? Just wait for the sky to fall?

[Coronita]

[quote=JWM in SD]”But, that short term patch does seem to do a dandy job inflating another bubble, doesn’t it?”

Not if you look at the DXY chart and actually buy groceries and gas it doesn’t. Not Really.

If the shit hasn’t hit the fan, then why the need for QE2? Bernanke is TRAPPED.[/quote]

But….Current gas prices are nowhere near the all time high a few years ago, when 91 octane ran close to $5/gallon. .We’re currently at $3.20/gal (lower if you go to costco). And same could be said about food prices. We’re not seeing significant inflation (yet….Keyword is YET)….We will, eventually..But when? no idea…. I don’t have a crystal ball….So I just like to deal with the short term…

If you think 5-10 years or so is “short term”, that isn’t exactly short term in my book. It’s a lot of time to make adjustments and reduce expenditures,etc…Like have no debt and or owning primary outright or close to it….

Also, bernanke isn’t exactly out of options yet, is he? I mean, there’s QExxxyzzz, until our foreign constituents say no more….When he is out of that option, I call that the shit hitting the fan…. I don’t disagree with you if we head down the path, the shit will hit the fan…Where i disagree with folks is probably when it will happen. Might not happen for some time… What are folks going to do? Just wait for the sky to fall?

[Coronita]

[quote=JWM in SD]”But, that short term patch does seem to do a dandy job inflating another bubble, doesn’t it?”

Not if you look at the DXY chart and actually buy groceries and gas it doesn’t. Not Really.

If the shit hasn’t hit the fan, then why the need for QE2? Bernanke is TRAPPED.[/quote]

But….Current gas prices are nowhere near the all time high a few years ago, when 91 octane ran close to $5/gallon. .We’re currently at $3.20/gal (lower if you go to costco). And same could be said about food prices. We’re not seeing significant inflation (yet….Keyword is YET)….We will, eventually..But when? no idea…. I don’t have a crystal ball….So I just like to deal with the short term…

If you think 5-10 years or so is “short term”, that isn’t exactly short term in my book. It’s a lot of time to make adjustments and reduce expenditures,etc…Like have no debt and or owning primary outright or close to it….

Also, bernanke isn’t exactly out of options yet, is he? I mean, there’s QExxxyzzz, until our foreign constituents say no more….When he is out of that option, I call that the shit hitting the fan…. I don’t disagree with you if we head down the path, the shit will hit the fan…Where i disagree with folks is probably when it will happen. Might not happen for some time… What are folks going to do? Just wait for the sky to fall?

[Coronita]

[quote=JWM in SD]”But, that short term patch does seem to do a dandy job inflating another bubble, doesn’t it?”

Not if you look at the DXY chart and actually buy groceries and gas it doesn’t. Not Really.

If the shit hasn’t hit the fan, then why the need for QE2? Bernanke is TRAPPED.[/quote]

But….Current gas prices are nowhere near the all time high a few years ago, when 91 octane ran close to $5/gallon. .We’re currently at $3.20/gal (lower if you go to costco). And same could be said about food prices. We’re not seeing significant inflation (yet….Keyword is YET)….We will, eventually..But when? no idea…. I don’t have a crystal ball….So I just like to deal with the short term…

If you think 5-10 years or so is “short term”, that isn’t exactly short term in my book. It’s a lot of time to make adjustments and reduce expenditures,etc…Like have no debt and or owning primary outright or close to it….

Also, bernanke isn’t exactly out of options yet, is he? I mean, there’s QExxxyzzz, until our foreign constituents say no more….When he is out of that option, I call that the shit hitting the fan…. I don’t disagree with you if we head down the path, the shit will hit the fan…Where i disagree with folks is probably when it will happen. Might not happen for some time… What are folks going to do? Just wait for the sky to fall?

[JWM in SD]

Nope, sorry. You Are Out of Time.

[JWM in SD]

Nope, sorry. You Are Out of Time.

[JWM in SD]

Nope, sorry. You Are Out of Time.

[JWM in SD]

Nope, sorry. You Are Out of Time.

[JWM in SD]

Nope, sorry. You Are Out of Time.

[Coronita]

[quote=JWM in SD]Nope, sorry. You Are Out of Time.[/quote]

Tell you what. Let’s check point 1 year from now, and see how things are going alright? Like I said , I don’t have a crystal ball, I just know how things are moving right now and I only deal with parameters that I have control over in the short term…Like taking profits when I can, and where I can…. If you don’t hear from me, you’ll know I fell off the earth because I lost internet connectivity because I could no longer afford it after getting wiped out by inflation or arrested because we’re at war with China…..that or I died an early death…but in that case I’ll make sure my trust executor drops a blog entry here saying that I died early and give cause of death… 🙂

[Coronita]

[quote=JWM in SD]Nope, sorry. You Are Out of Time.[/quote]

Tell you what. Let’s check point 1 year from now, and see how things are going alright? Like I said , I don’t have a crystal ball, I just know how things are moving right now and I only deal with parameters that I have control over in the short term…Like taking profits when I can, and where I can…. If you don’t hear from me, you’ll know I fell off the earth because I lost internet connectivity because I could no longer afford it after getting wiped out by inflation or arrested because we’re at war with China…..that or I died an early death…but in that case I’ll make sure my trust executor drops a blog entry here saying that I died early and give cause of death… 🙂

[Coronita]

[quote=JWM in SD]Nope, sorry. You Are Out of Time.[/quote]

Tell you what. Let’s check point 1 year from now, and see how things are going alright? Like I said , I don’t have a crystal ball, I just know how things are moving right now and I only deal with parameters that I have control over in the short term…Like taking profits when I can, and where I can…. If you don’t hear from me, you’ll know I fell off the earth because I lost internet connectivity because I could no longer afford it after getting wiped out by inflation or arrested because we’re at war with China…..that or I died an early death…but in that case I’ll make sure my trust executor drops a blog entry here saying that I died early and give cause of death… 🙂

[Coronita]

[quote=JWM in SD]Nope, sorry. You Are Out of Time.[/quote]

Tell you what. Let’s check point 1 year from now, and see how things are going alright? Like I said , I don’t have a crystal ball, I just know how things are moving right now and I only deal with parameters that I have control over in the short term…Like taking profits when I can, and where I can…. If you don’t hear from me, you’ll know I fell off the earth because I lost internet connectivity because I could no longer afford it after getting wiped out by inflation or arrested because we’re at war with China…..that or I died an early death…but in that case I’ll make sure my trust executor drops a blog entry here saying that I died early and give cause of death… 🙂

[Author]

Posts