119 votes

Fed Launches QE3

WASHINGTON (MarketWatch) — The Federal Reserve, worried that improvement in the unemployment rate has stalled, announced a third, large purchase of bonds on Thursday in an effort to bring down long-term interest rates and spur growth.

The Fed said it would buy mortgage-backed securities at a pace of $40 billion per month.

The Federal Open Market Committee, which ended a two-day meeting on Thursday, said it was concerned that, without the action, “economic growth might not be strong enough to generate sustained improvement in labor market conditions.”Read text of statement.


Federal Reserve decision due 12:30 p.m. Thursday, followed by press conference

WASHINGTON (MarketWatch) — Fed watchers have little doubt the central bank is getting ready to launch what’s commonly called “QE3,” or a new large-scale asset purchase plan, but many think the countdown will be placed on hold until later this year.

“We don’t think the most likely outcome [in September] is going to be the announcement of another large scale asset-purchase plan. I am not convinced they are ready for it,” said Lewis Alexander, chief U.S. economist at Nomura Holdings.

“FOMC members continue to struggle with the appropriate structure for a future QE,” agreed Ward McCarthy, chief financial economist at Jefferies.

If this is the case, analysts said, headlines from the two-day meeting that ends Thursday will come from a less-aggressive step of altering language on a low-rate pledge. This will likely be extended until mid-2015. The current Fed pledge is to keep rates at “exceptionally low levels” through at least late 2014.

Continue at MarketWatch

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Cyril's picture

Sadly true, in this trend.

Sadly true, in this trend.

"Cyril" pronounced "see real". I code stuff.


"To study and not think is a waste. To think and not study is dangerous." -- Confucius

good time to add some real estate to your portfolio

Thanks uncle Ben!!

Government is supposed to protect our freedom, our property, our privacy, not invade it. Ron Paul 2007

It is about time since

lifespan of paper money is about 40 years. $40B/mo by FR means $4.3+ Trillions/year in new bank loans.

But I have a special fun to watch those who rant about the FED. Those folks, graduates of progressive schools, thought affirmative-action programs, trade-union artificially high salaries and perks, endless wars and unbalanced budget are for free. Ooops.

When many years ago I noticed that republican white men are not against affirmative-action out of fear to be denied the opportunity at bedtime by their white wives, few reacted.

Cyril's picture

Well, this is rather worrisome


I won't blame anyone who feels about to freak out when the printers Champions start talking about QE5.

"Cyril" pronounced "see real". I code stuff.


"To study and not think is a waste. To think and not study is dangerous." -- Confucius

It was my impression that

It was my impression that this is QE infinity. It sounds like they are blowing their wad now.

Cyril's picture

I dunno. How can one possibly understand

I dunno.

How can one possibly understand the astonishingly arrogant madness and level of contempt of the Federal Reserve's madmen, anyway ?

But from my perspective, while not being an economist but just understanding the basics of currency debasing... I mean, destruction, actually; either :

the only reason I can think of that their SCAM is still working is that the rest of the world falls in either of two main categories :

1. e.g., BRICS, they feel that they don't care that much about the USD anyway and have ways to back up to some of their own currency when it's time


2. e.g., the E.U., their leaders are so corrupt, cowards, or cynical that they'll stretch it out until the last minute and disappear in the wild or jump on whatever global government and one world currency is in the air

The main issue, for this country here is to figure which one of these is going to be first and to have the most angry PEOPLE, for good, against the U.S. when it's time to pay back.

And that's the best case scenario.

The worst would be if everybody surrenders to the Global evil I mentioned in (2)

God Help Us.

"Cyril" pronounced "see real". I code stuff.


"To study and not think is a waste. To think and not study is dangerous." -- Confucius

the definition of

the definition of insanity:
doing the same thing over n over again and expecting a different result

Cyril's picture

Exactly right.

Exactly right.

a.k.a. infinite loop in computing,

a.k.a. absurdity in logics,


"Cyril" pronounced "see real". I code stuff.


"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Calm down folks..

Now is the time to sit and wait.

If you have a "large amount" of silver, now may be a good time to sell half of it.

I don't think it's the dollar going down the drain time yet.

Remember that silver is quoted in dollars and that the stock market rallies will also make the dollar look strong.

This was the time to buy http://www.dailypaul.com/241396/silver-is-on-sale-under-27 if you were paying attention.

I am not a professional.. but buying when "good news" about something pops up is not a good way to invest.


It can go up all the way to 100 for all I know. Personally, I will wait for it to hit 28 before I buy any larger quantities.


I try to change people every day. Do You?

IMO, the little you might

IMO, the little you might gain waiting for it to drop to 28 is not worth the much greater risk that you won't get any for under $40 if it takes off instead.

Also, even if it did pullback some, you could have then both a much higher premium (commission) that'd negate some of that savings and much less of a preferred selection available then to choose from, too.

Someday soon, it won't matter a hoot whether one guy got his silver for $5 more or less than another, as all that'll matter then is how many total physical ounces do you now have & hold.

- Shane

:) Call me cheap..

Don't forget the the "monopoly money" is still widely accepted..

It's better to save up and buy the dips than it is to constantly buy in regular intervals.

I do not recommend that folks sell everything, nor do I recommend going "all in" on silver.

Diversity is your friend.


I try to change people every day. Do You?

IMO, gold/silver are best

IMO, gold/silver are best suited for those who already have their family preps largely squared away first and then, if any money or paper investments still remain afterwards, diversify some of that paper remaining hard-earned wealth into gold/silver, physically held.

You might get some cheaper to wait for a pullback, then again that pullback may only come after it goes much higher. Penny wise, pound foolish. Also, as mentioned above; commissions could be higher and available selection smaller then, too.

Anyways, difference of opinion is what makes markets.

Got God, Grub, Guns & Gold?
Panic Early, Beat the Rush!

- Shane

Mortgage Back Securities?

How does this relate to foreclosed properties?

"A vote for the lesser of two evils is a vote to keep things the same", Buckminster Fuller..
A choice for liberty is always a choice for liberty.

What this means is Fed is

What this means is Fed is planning to steal $40 billion per month from the people.

abolish private property rights...

...the FED will now be the largest landlord in the country; before them it was "We The People" as the treasury was supposedly the deed holders via Fannie and Freddie, right?...gee, now WHO will they rent to?

Who is Jeffrey Lacker?

And why did he vote no on this, as well as every other motion the Fed has voted on this year? Could he be an ally to the movement? What is his motive? I want to know more about this guy!!

don't be fools and buy Gold & Silver as much as you can!



Keep Stacking silver friends!

Ron Paul 2016!

I usually buy from

I usually buy from Gainesville, but this site has some nice daily deals. I just ordered from them the first time today so i can't speak to their service other than shipping is quite expensive if you use a debit or credit card.


Be careful not to let the

Be careful not to let the rising stock market
fool you, Zimbabwe and Wiemar Germany both had
the fastest rising stock markets in the entire
world, in their day, as they'd inflated their
respective currencies, finally destroying them.

- Shane

Check this

Check this out!


There has never been a better time...

to opt out of all fiat-based currency.


Bitcoin will be the most disruptive technology our generation will witness.

Get started here: https://blockchain.info/wallet/

I have always wanted to know

I have always wanted to know more about the bitcoin. I looked through the website. It does say that the software for bitcoin exchange is opensource but since I don't know how to read the code, I am still at mercy of those who can. Have you had experience with bitcoins? If you have time can you tell me the pros and cons of it.


Sarah Palin is being very

Sarah Palin is being very vocal about this today - let's continue to build those alliances guys.

h ttp://www.freerepublic.com/focus/f-news/2930588/posts

Only the acceptance of the truth can defeat systemic evil.

Palin isn't coming it from a

Palin isn't coming it from a smart-view. She's just doing it because she's anti-Obama at every occurence.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

We can still make inroads

We can still make inroads with her supporters.

Only the acceptance of the truth can defeat systemic evil.

News flash!!!!

These photos were taken of Ben Bernanke as he left the meeting this afternoon...
Have to see...

His helicopter

has been grounded.

One more silver dollar

My 2004 liberty 99.9% silver dollar jumped up 1.50 today.yippee

Money talks and dogs bark

Yay! I made this just for QE3. You may 'note' the lack of gold.


You're free to use it at your leisure, fellows!