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FOMC Minutes: "Asset purchases should not adversely affect the ability of the Committee to...

FOMC Minutes: "Asset purchases should not adversely affect the ability of the Committee to tighten the stance of policy when doing so becomes appropriate," is the conclusion of the Fed staff. Most participants, according to the minutes, believe the risks of "adverse effects" from asset purchases "could be managed." Dissenting from the vote on QE∞ was the Richmond Fed's Jeff Lacker.
Comments (11)
  • avickrey
    , contributor
    Comments (38) | Send Message
     
    See: Housing, circa 2005/2006
    4 Oct 2012, 02:14 PM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Will the committees' kryo storage containers be kept near wall street?Will there be someone alive at that time to thaw them out IF a repo would be required?
    4 Oct 2012, 02:33 PM Reply Like
  • Aristiphones
    , contributor
    Comments (1327) | Send Message
     
    it would be nice if they actually tried first...i agree. And of course "it will be interesting when they do...
    4 Oct 2012, 04:54 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    The NYFed trading desk is staffed with adroit zombies given instructions for such transactions, should they be needed.

     

    [Note to Matt G: Futurama needs its Fed heads (start with the Bernank and Greenspan).]
    4 Oct 2012, 05:03 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9966) | Send Message
     
    Yep and just like the Fed got it right in 2000 & 2008.
    4 Oct 2012, 05:23 PM Reply Like
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    Yeah, it totally can be managed, because we have had asset purchases this large before and we know how tightening will go.

     

    How can you say its manageable if you have never done it before.

     

    Only time will tell!
    4 Oct 2012, 05:32 PM Reply Like
  • RS055
    , contributor
    Comments (2812) | Send Message
     
    They are just aliens from Mars - they apply their advanced technology to out human issues - sometimes it works - sometimes we are too stupid for it to work - for us. It always works in the galaxy at large.
    4 Oct 2012, 07:19 PM Reply Like
  • RS055
    , contributor
    Comments (2812) | Send Message
     
    The body -snatchers from Mars are required to appear in front of congress periodically - ya know - to appease the masses - the humanoids. To make te humanoids feel - somehow - that tey are part of the experiment ( hehehe - actually the joke is THEY ARE!!!!). Someday we humanoids may aquire the intelligence ( probably through computer enhancement) to actualy appreciate what the Fed martians have done for us.
    4 Oct 2012, 07:23 PM Reply Like
  • RS055
    , contributor
    Comments (2812) | Send Message
     
    Humanoids still think in aborginal - gold coin terms. So our masters continue the charade. the reality is quite different.
    - For Example: All Treasury Securities owned by the Fed should be considered cancelled - removed from the deliberations of the handwringing humanoids worried about the govt "debt". Because? because there is no cost to the US Treasury - interest coupons paid are dutifuly returned to the Treasury Dept by the Masssters at Eccles House.
    4 Oct 2012, 07:28 PM Reply Like
  • RS055
    , contributor
    Comments (2812) | Send Message
     
    It has to of-course be noted - that the alien Maassters of Eccles may make prognostications - but should human reality turn out differently - it will be our fault.
    Remember - It Is Never The Fault Of The Maasssters.
    4 Oct 2012, 07:34 PM Reply Like
  • june1234
    , contributor
    Comments (2654) | Send Message
     
    Bernake in 08 also dismissed the housing crisis saying something along the lines it was just a blip while then sec. of treasury and former Goldman Sachs CEO Paulson testified before congress where he said he had never known the banking sector to be as strong as it was. It collapsed shortly afterwards. I have to get back to Jim Cramer.
    4 Oct 2012, 07:37 PM Reply Like
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