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

[jstoesz]

Peter Schiff has it right on this…it all comes down to one simple thing. The Fed is not here to help the economy, the fed just needs to make sure that we do not default to creditors…Because we are not going to pay the chinese back with real money…

The whole speech is amazing.

“You guys are predators, predatory lenders…we need a modification program. We need a cram down on this, you never should have lent us all this money! You knew we couldn’t pay it back!”

[JWM in SD]

I see a number of you still don’t get it after 2 plus years. The usual suspects too.

Wait until you see what QE2 and margin compression does to those prosperous companies in San Diego.

I warned you back then and nobody listened. $2Trillion later….and you’re still worried about value of homes in Carmel Valley?

sigh….

[JWM in SD]

I see a number of you still don’t get it after 2 plus years. The usual suspects too.

Wait until you see what QE2 and margin compression does to those prosperous companies in San Diego.

I warned you back then and nobody listened. $2Trillion later….and you’re still worried about value of homes in Carmel Valley?

sigh….

[JWM in SD]

I see a number of you still don’t get it after 2 plus years. The usual suspects too.

Wait until you see what QE2 and margin compression does to those prosperous companies in San Diego.

I warned you back then and nobody listened. $2Trillion later….and you’re still worried about value of homes in Carmel Valley?

sigh….

[JWM in SD]

I see a number of you still don’t get it after 2 plus years. The usual suspects too.

Wait until you see what QE2 and margin compression does to those prosperous companies in San Diego.

I warned you back then and nobody listened. $2Trillion later….and you’re still worried about value of homes in Carmel Valley?

sigh….

[JWM in SD]

I see a number of you still don’t get it after 2 plus years. The usual suspects too.

Wait until you see what QE2 and margin compression does to those prosperous companies in San Diego.

I warned you back then and nobody listened. $2Trillion later….and you’re still worried about value of homes in Carmel Valley?

sigh….

[Coronita]

[quote=JWM in SD]I see a number of you still don’t get it after 2 plus years. The usual suspects too.

Wait until you see what QE2 and margin compression does to those prosperous companies in San Diego.

I warned you back then and nobody listened. $2Trillion later….and you’re still worried about value of homes in Carmel Valley?

sigh….[/quote]

So question: (and it’s a serious one).
if a u.s. company derives predominantly it’s revenue from overseas (say product x to electronics manu), how will a weakened dollar make it harder to sell said products abroad compared to a competitor based overseas with a stronger currency? Did the u.s. domestic company just gain an advantage in that it is now cheaper relative to overseas competitors? I mean let’s say product X costs $100, and the dollar gets wacked relative to peer currencies by 50%. How is this going to make it more difficult for said company to sell product X relative to some other competitor, say in europe who’s currency hasn’t gotten wacked? Serious question. And no, I’m not an economist. And no I’m not a subscriber that QE2,3,4,5,6 is a good thing at all…Because their comes a point when foreign creditors say enough is enough.

I’m still waiting to see what those $2Trillion did to some of these company’s current margins..It didn’t seem to do squat, but maybe I’m missing something…On the other hand, the state of the u.s. country in general, well that’s a different story…

[Coronita]

[quote=JWM in SD]I see a number of you still don’t get it after 2 plus years. The usual suspects too.

Wait until you see what QE2 and margin compression does to those prosperous companies in San Diego.

I warned you back then and nobody listened. $2Trillion later….and you’re still worried about value of homes in Carmel Valley?

sigh….[/quote]

So question: (and it’s a serious one).
if a u.s. company derives predominantly it’s revenue from overseas (say product x to electronics manu), how will a weakened dollar make it harder to sell said products abroad compared to a competitor based overseas with a stronger currency? Did the u.s. domestic company just gain an advantage in that it is now cheaper relative to overseas competitors? I mean let’s say product X costs $100, and the dollar gets wacked relative to peer currencies by 50%. How is this going to make it more difficult for said company to sell product X relative to some other competitor, say in europe who’s currency hasn’t gotten wacked? Serious question. And no, I’m not an economist. And no I’m not a subscriber that QE2,3,4,5,6 is a good thing at all…Because their comes a point when foreign creditors say enough is enough.

I’m still waiting to see what those $2Trillion did to some of these company’s current margins..It didn’t seem to do squat, but maybe I’m missing something…On the other hand, the state of the u.s. country in general, well that’s a different story…

[Coronita]

[quote=JWM in SD]I see a number of you still don’t get it after 2 plus years. The usual suspects too.

Wait until you see what QE2 and margin compression does to those prosperous companies in San Diego.

I warned you back then and nobody listened. $2Trillion later….and you’re still worried about value of homes in Carmel Valley?

sigh….[/quote]

So question: (and it’s a serious one).
if a u.s. company derives predominantly it’s revenue from overseas (say product x to electronics manu), how will a weakened dollar make it harder to sell said products abroad compared to a competitor based overseas with a stronger currency? Did the u.s. domestic company just gain an advantage in that it is now cheaper relative to overseas competitors? I mean let’s say product X costs $100, and the dollar gets wacked relative to peer currencies by 50%. How is this going to make it more difficult for said company to sell product X relative to some other competitor, say in europe who’s currency hasn’t gotten wacked? Serious question. And no, I’m not an economist. And no I’m not a subscriber that QE2,3,4,5,6 is a good thing at all…Because their comes a point when foreign creditors say enough is enough.

I’m still waiting to see what those $2Trillion did to some of these company’s current margins..It didn’t seem to do squat, but maybe I’m missing something…On the other hand, the state of the u.s. country in general, well that’s a different story…

[Coronita]

[quote=JWM in SD]I see a number of you still don’t get it after 2 plus years. The usual suspects too.

Wait until you see what QE2 and margin compression does to those prosperous companies in San Diego.

I warned you back then and nobody listened. $2Trillion later….and you’re still worried about value of homes in Carmel Valley?

sigh….[/quote]

So question: (and it’s a serious one).
if a u.s. company derives predominantly it’s revenue from overseas (say product x to electronics manu), how will a weakened dollar make it harder to sell said products abroad compared to a competitor based overseas with a stronger currency? Did the u.s. domestic company just gain an advantage in that it is now cheaper relative to overseas competitors? I mean let’s say product X costs $100, and the dollar gets wacked relative to peer currencies by 50%. How is this going to make it more difficult for said company to sell product X relative to some other competitor, say in europe who’s currency hasn’t gotten wacked? Serious question. And no, I’m not an economist. And no I’m not a subscriber that QE2,3,4,5,6 is a good thing at all…Because their comes a point when foreign creditors say enough is enough.

I’m still waiting to see what those $2Trillion did to some of these company’s current margins..It didn’t seem to do squat, but maybe I’m missing something…On the other hand, the state of the u.s. country in general, well that’s a different story…

[Coronita]

[quote=JWM in SD]I see a number of you still don’t get it after 2 plus years. The usual suspects too.

Wait until you see what QE2 and margin compression does to those prosperous companies in San Diego.

I warned you back then and nobody listened. $2Trillion later….and you’re still worried about value of homes in Carmel Valley?

sigh….[/quote]

So question: (and it’s a serious one).
if a u.s. company derives predominantly it’s revenue from overseas (say product x to electronics manu), how will a weakened dollar make it harder to sell said products abroad compared to a competitor based overseas with a stronger currency? Did the u.s. domestic company just gain an advantage in that it is now cheaper relative to overseas competitors? I mean let’s say product X costs $100, and the dollar gets wacked relative to peer currencies by 50%. How is this going to make it more difficult for said company to sell product X relative to some other competitor, say in europe who’s currency hasn’t gotten wacked? Serious question. And no, I’m not an economist. And no I’m not a subscriber that QE2,3,4,5,6 is a good thing at all…Because their comes a point when foreign creditors say enough is enough.

I’m still waiting to see what those $2Trillion did to some of these company’s current margins..It didn’t seem to do squat, but maybe I’m missing something…On the other hand, the state of the u.s. country in general, well that’s a different story…

[JWM in SD]

http://market-ticker.org/cgi-ticker/akcs-www?singlepost=2224438

It’s the input costs per unit. Not the Sale Prices.

[JWM in SD]

http://market-ticker.org/cgi-ticker/akcs-www?singlepost=2224438

It’s the input costs per unit. Not the Sale Prices.

[JWM in SD]

http://market-ticker.org/cgi-ticker/akcs-www?singlepost=2224438

It’s the input costs per unit. Not the Sale Prices.

[JWM in SD]

http://market-ticker.org/cgi-ticker/akcs-www?singlepost=2224438

It’s the input costs per unit. Not the Sale Prices.

[Author]

Posts