Was sitting around with about 50 people and the subject of the crashing markets came up. All had views. In a lull, I asked if anyone had seen the price of gold lately. Blank stares.
Goldman Sachs is telling its clients to expect another round of quantitative easing from the Federal Reserve within the next year, which if it came about, would follow two previous efforts by the U.S. central bank. "We now see a greater-than-even chance that the FOMC will resume quantitative easing later this year or in early 2012. We have changed our call because [Tuesday's] statement suggests that the committee's reaction function to incoming economic news is more dovish than we had previously thought," Jan Hatzius, chief economist at the firm, said in a research note.
Daily Ticker guest Doug Roberts, chief investment strategist for the Channel Capital Research Institute and author of Follow the Fed to Investment Success, would welcome the news, but he isn't as confident as Goldman about the Fed's future actions.
My co-worker go a call from her financial-fucktard telling her not to panic. I guess she got all this Fiat from a loved one that passed. She say's to him "i don't panic, other people panic, it will be fine!" The next day, yesterday, we had lay-offs and the bitch is still doesn't realize what the fuck is going on. For the first time i hear a republican say it's BOTH PARTIES!!!! Thats right... Sheeple are waking up for sure but many will be late to the party.
...but you can't eat it!
ReplyDelete/sarc
day'am can't even download the kitco gold chart. Going straight to $1800
ReplyDeleteWas sitting around with about 50 people and the subject of the crashing markets came up. All had views. In a lull, I asked if anyone had seen the price of gold lately. Blank stares.
ReplyDeleteMy gut says this thing is only just beginning.
yes, silver > $50? :)
ReplyDeleteLooks like gold is bashing its head against the $1800 ceiling for the time being, I'm sure it won't last long.
ReplyDeleteThe Fed Is Doing “Too Little” to Stabilize Financial Markets: Doug Roberts
ReplyDeletehttp://finance.yahoo.com/blogs/daily-ticker/fed-doing-too-little-stabilize-financial-markets-doug-153445087.html
Goldman Sachs is telling its clients to expect another round of quantitative easing from the Federal Reserve within the next year, which if it came about, would follow two previous efforts by the U.S. central bank.
"We now see a greater-than-even chance that the FOMC will resume quantitative easing later this year or in early 2012. We have changed our call because [Tuesday's] statement suggests that the committee's reaction function to incoming economic news is more dovish than we had previously thought," Jan Hatzius, chief economist at the firm, said in a research note.
Daily Ticker guest Doug Roberts, chief investment strategist for the Channel Capital Research Institute and author of Follow the Fed to Investment Success, would welcome the news, but he isn't as confident as Goldman about the Fed's future actions.
My co-worker go a call from her financial-fucktard telling her not to panic. I guess she got all this Fiat from a loved one that passed. She say's to him "i don't panic, other people panic, it will be fine!" The next day, yesterday, we had lay-offs and the bitch is still doesn't realize what the fuck is going on.
ReplyDeleteFor the first time i hear a republican say it's BOTH PARTIES!!!! Thats right... Sheeple are waking up for sure but many will be late to the party.