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It's a question of when, not if, we get a third round of easing from the Fed, observes PIMCO...

It's a question of when, not if, we get a third round of easing from the Fed, observes PIMCO Managing Director Neel Kashkari. All ears will be tuned in to Mr. Bernanke at Jackson Hole in the hope that he'll give some clarity, but it's not likely he will. Nevertheless, Kashkari says, more easing is already being priced in.
Comments (11)
  • ...and deeper into the hole we go. What ever happened to the saying "If you find yourself in a hole, stop digging?"

     

    And when will the market respond positively to NO more printing/QE/etc...? Who is leading who...?
    28 Aug 2012, 08:15 PM Reply Like
  • God bless Ben.
    28 Aug 2012, 08:25 PM Reply Like
  • No QE, despite all the fantasies.
    28 Aug 2012, 08:27 PM Reply Like
  • At least not with SPX above 1,400 and gas at $4.25/gallon, and corn and soy doubling in price last six months....Talk about your inflation.

     

    Romney better hope the market falls in the next few weeks if he wants an edge over Obama.
    28 Aug 2012, 08:45 PM Reply Like
  • Inflation induced by mother nature. Does that count?

     

    If QEIII occurs - it will be a pure political move - I don't think Ben could stomach it.
    28 Aug 2012, 09:28 PM Reply Like
  • This Guy Has Been Balls On.WALL STREET INSIDER: FED To Give Obama September/October Surprise
    by Ulsterman on August 3, 2012 with 122 Comments in News
    http://bit.ly/MYLLaf
    28 Aug 2012, 11:20 PM Reply Like
  • By inflation? No, but maybe by trillions in 0% loans from the FED to the investment banks who speculate in commodities. But you already know this.
    28 Aug 2012, 11:29 PM Reply Like
  • Neel Cash and Carry, the man who handed out the TARP cash by the eighteen wheeler to the banks before taking the revolving door to the private sector, now shares his wisdom with us, whom he looted by cheapening our savings and cash....Thanks Neel, looks like you feathered your nest before you left the government.
    28 Aug 2012, 09:33 PM Reply Like
  • One of the critical lessons I've learned over the years is that each of us must take responsibility solely for our own actions. While nothing absolves Mr. Kashkari of his responsibility for his actions, you must also accept culpability for your own. There is now 100 years (much more if you consider history outside the US or during the Civil War and Revolutionary Eras) of history that clearly demonstrates a predilection on the part of bankers and politicians to devalue currency and debt contracts denominated in currency. If you lack knowledge of that history, you have only yourself to blame for your losses. If you have knowledge of that history and hold currency or currency-denominated debt notwithstanding that knowledge, you once again have only yourself to blame for your losses.

     

    Nothing I say here is an attempt to excuse Mr. Kashkari and others for their ill deeds. There can be no excuse, and they should answer for their actions. I have repeatedly called for the mandatory death penalty for debasement of currency, and I stand by that position. But given that you know that isn't happening any time soon, why would you be so foolish as to let yourself be the bag-holder? Your savings belong in gold, and cash is ephemeral; the wise man holds it no longer than necessary to complete a transaction. Less, if possible. It is right and proper to give no quarter to thieves and scoundrels, but it is also right and proper to take responsibility for your own well-being. There will always be thieves and scoundrels about, and if you are determined that they steal from you I can assure you that they will be accommodating.
    28 Aug 2012, 11:58 PM Reply Like
  • Very true...
    29 Aug 2012, 11:51 AM Reply Like
  • When it is in the best interest of Obummers Re-Election Campaign to have QE then we shall have QE and NOT one day before. It is all about buying an election and timing is everything.
    28 Aug 2012, 11:14 PM Reply Like
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