tag:blogger.com,1999:blog-2952995250208222748.post5078460619539915399..comments2022-12-11T09:33:00.334-05:00Comments on Midwest Musings: MR. EXCITEMENTCharles Jameshttp://www.blogger.com/profile/15058483284688977534noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2952995250208222748.post-67095297410765094882011-08-10T21:05:17.859-04:002011-08-10T21:05:17.859-04:00QE is irrelevent at this point. There is more cash...QE is irrelevent at this point. There is more cash in the system than the banks want. Cash earns a negative return. Aggregate supply exceed aggregate demand, and further QE has a diminishing ability to increase demand. Plus fiscal consolidation across countries - the air is coming out of the baloon fast. <br /><br />Deleveraging that can't be done in an orderly manner will be disorderly and violent. Just watch.Carternoreply@blogger.comtag:blogger.com,1999:blog-2952995250208222748.post-81249075935678115612011-08-09T23:51:32.485-04:002011-08-09T23:51:32.485-04:00No Carter. The cat is alive and well. This is QE...No Carter. The cat is alive and well. This is QE III in dragAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2952995250208222748.post-65238513585962445382011-08-09T19:07:10.419-04:002011-08-09T19:07:10.419-04:00Puleease.
Masssive over-sold bounce and nothing m...Puleease.<br /><br />Masssive over-sold bounce and nothing more. Tomorrow we wake up and say "is that all they got?"<br /><br />Meanwhile...<br /><br />A Big Mac now costs $17.19 in Zurich - talk about misaligned exchange rates.<br /><br />Rogoff writes in the FT that "the question of whether the largest advanced economy regions are going to experience a double-dip recession is almost moot. For all intents and purposes, most European and US economies have never fully exited the downturn, with output per capita still below its pre-crisis peak. ... If policymakers can at least get the diagnosis right, it would be a major step on the road to recovery. After a long series of half-steps and mis-steps, policymakers’ options are narrowing, but they are not out of bullets."<br /><br />According to the FT "Merkel faces a revolt in the Eurozone - Ms Merkel insists that she will deliver her majority in favour of the deal. If more than 21 supporters refused to back the deal, she would be forced to rely on the opposition SPD and Greens, both of whom are in favour. That would ensure German approval for the eurozone reform package, but it would be politically devastating for the chancellor not to be able to count on majority support from her own ranks, and could cause the government to fall."<br /><br />And the E*Trade baby loses everything!<br />http://www.youtube.com/watch?v=xaG4A0Bm8c4&feature=player_embeddedCarternoreply@blogger.com