6 replies to this topic

[Rogerdodger]

http://www.newyorkfed.org

http://www.gmtfo.com...ader/OMOps.aspx

[nimblebear]

is that a lot?

[ogm]

http://www.newyorkfed.org

http://www.gmtfo.com...ader/OMOps.aspx

They put em to good use. No reason to complain:)

Look at it this way. Public is benefeting from it in form of higher 401k's and mutual fund investments. And general Feel good thing, improved investment, business and economic confidence and so on.

Some of us are benefeting from it directly too.

The only people who are complaining are short term speculants caught on the wrong side of the wealth redistribution game.

But the majority is benefiting from it. So its a good thing.

Edited by ogm, 01 October 2007 - 12:19 PM.

[dasein]

But the majority is benefiting from it. So its a good thing.

I would read your comments as sarcasm, but I am afraid you are probably serious.

All Americans are being hurt by it, not benefitting, as the dollar goes down, inflation rises and savings for the future is devalued. 401Ks benefit in the short term, but exess liquidity creates unsustainable returns and worse, malinvestment. The only ones to benefit are those trading ahead of the velocity of money, which generally means institutions with an insight into these operations, and some astute traders, perhaps like yourself.

klh

[ogm]

But the majority is benefiting from it. So its a good thing.

I would read your comments as sarcasm, but I am afraid you are probably serious.

All Americans are being hurt by it, not benefitting, as the dollar goes down, inflation rises and savings for the future is devalued. 401Ks benefit in the short term, but exess liquidity creates unsustainable returns and worse, malinvestment. The only ones to benefit are those trading ahead of the velocity of money, which generally means institutions with an insight into these operations, and some astute traders, perhaps like yourself.

klh

I'm half serious half sarcastic. Would be much worse if the dollar was going down AND the 401ks were going down with it. I'd rather have MORE dollars then less, no matter what the dollar is doing

But there is no other way for the US to regain its global competitive position. There is simply no way to compete with 3 billion people who are willing to work for peanuts. So its either lose jobs or lose the value of the currency. The lesser of 2 evils. As long as you inflate asset prices with it, it somewhat balances things out.


As for the dollar, I think its close to a bounce point. Too much attention is being paid to the dollar decline. Just a contrarian opinion on my part.

Edited by ogm, 01 October 2007 - 12:47 PM.

[Sentient Being]

I'm having a party. Keep pushing those stops up. I go away to do a little work and come back and see there was a party. You know, it's a few hours yet till close, lets see how much holds.

[arbman]

I don't think the majority would be better off by loosing their jobs and loss of income. The question about the majority is whether there will be too much cost incured if too much inflation gets created as a result of these injections. The background forces were getting a little bit deflationary with the declining earnings growth and the outright deflation in the housing. So, for the intermediate term, the inflation is less of a concern, except for the energy costs. When the energy costs gets passed from the PPI down to the CPI, the Fed will have to act regardless whether there will be a pickup in the employment or not. Friday's employment report will come deflationary, I don't think there will be any inflation risk implied, bullish... - kisa