| Author |
 Replies: 743 / Views: 51,924 |
|
|
|
Pillar of the Community
United States
593 Posts |
|
|
Pillar of the Community
United States
4008 Posts |
Hey, we don't argue around here... we DISCUSS!  |
|
Pillar of the Community
United States
1590 Posts |
I read last night where ONE Fed Pres said that they were going to discuss QE3 this meeting because it MAY be needed, but it was just that a discussion on possible stratagies.
At lunch I see gold soaring upwards and reading "QE3 NEXT WEEK!!"
Honestly do these people even live in the same world we do? This reliance on QE3 is approaching a pathological level. It may happen, it may not. But to bet the farm on rumors of possibilities is absurd.
How many months or years will it take before they realize that the time for QE3 is passed? ( Not saying it is now. I am saying that it seems such a fixation that it won't go away absent positive statements by the Fed.....ever)
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
I read last night where ONE Fed Pres said that they were going to discuss QE3 this meeting because it MAY be needed, but it was just that a discussion on possible stratagies. My question for them would be, "How many times are you gonna try this before you finally realize that it is not working?". Quote:
Honestly do these people even live in the same world we do? No, JKM, I don't think that they do. They remind me of someone who plays chess and thinks that because of that they know all about war. They know a lot about theory but not a thing about practice. :-/ QE is being built into our expectations of how an economy is jump-started. The bad news is that it is not working and has not worked at any time during the 2008-2012 recession / depression. Because it has not worked, a rational person would try something other than QE to see if that would work instead. An irrational person will do the same thing over and over while expecting a different result. This is quite typical behavior for those who live in a world of theory. Somehow, they are able to maintain an attitude that theory is superior to reality, even when we have a great deal of proof to the contrary. So... how many QEs will the next one make?  |
|
Pillar of the Community
United States
2168 Posts |
I get an email that reports the US Mint sales for the month and most all types of silver products are down from last year. I think has a lot to do with silver under $28 for quite sometime with no real reductions in prices. I surely have held off even for my 2012 silver proof sets. Guess wishful thinking for lower price. Also waiting on the ATB to see if they decrease again |
|
Pillar of the Community
United States
4008 Posts |
There's probably something to that, Angel. Something else could be that most people simply have less disposable income these days and are buying food, utilities, and rent with the money that they do have. :-/
|
|
Pillar of the Community
United States
1590 Posts |
I saw on FOX that the recession is taking so long because people don't have any disposable income
Then they said that no one had disposable income because the Corporations are not hiring and have lowered wages across the board, while maintaining profitability.
Then they said Corporations are not hiring because no one is buying.
Hasn't ANYONE of these people ever heard of Henry Ford and his extremely profitable economic policies?
|
|
Pillar of the Community
United States
2424 Posts |
corporations are holding their cash reserves because of UNCERTAINTY. why would they hire ANYONE when cost of goods, taxes, healthcare, cost SO MUCH. a business has to maintain its profitability. Not to sound crass or insensitive to those unemployed, but they shouldnt be angry at the businesses, its failed economic policy. a business has to do what business were made to do, make money and supply goods, Not employ people. so as the disposable income drops off the map, it is true that with less or no demand, business must adapt to keep with their bottom line...
|
|
Pillar of the Community
United States
2168 Posts |
And a lot of the uncertainty has to do with O care and all the costs there
|
|
Pillar of the Community
 United States
1454 Posts |
This thread has officially become too big to fail.
|
|
Pillar of the Community
United States
2168 Posts |
Yes it has I guess unless silver starts an upward trend again!
|
|
Valued Member
United States
477 Posts |
do you think silver will go down in price when the euro collapses?
|
|
Valued Member
United States
458 Posts |
I would think Silver would go up Greenprint.
|
|
Valued Member
United States
477 Posts |
why not go down as wouldn't the purchasing power of the USD go up as the Euro disintegrates?
|
|
Pillar of the Community
United States
808 Posts |
So far, the current pattern of behavior has been consistent: economic panic in the Eruo zone pushes the US dollar higher. A stronger US dollar tends to drive PM prices down, at least in the near term.
This is all a knee-jerk perception game. There's been some speculation here on this forum that we'll soon see physical silver (and gold) prices move independent of the gyrations of the "paper" PM market.
|
| |
Replies: 743 / Views: 51,924 |
First Page
Previous Page
Posted 07/20/2012 6:59 pm
