L. NICHOLS WOODCARVING (click here)
...In the first meeting (click here) since delivering a third round of quantitative easing, this time open-ended, Bernanke & Co. upped the ante. With the Fed currently buying currently buying securities for about $85 billion a month, as part of QE3 and Operation Twist, and the latter expiring at the end of the year, it was clear that to keep the current levels of policy accommodation something needed to change at the end of the year.
“Looking ahead, a number of participants indicated that additional asset purchases would likely be appropriate next year after the conclusion of the maturity extension program in order to achieve a substantial improvement in the labor market,” read the minutes released Wednesday, adding to fuel to the fire of those that had dubbed this latest round of asset purchases QE-infinity....
I think investors need to move past their own insecurities and stop blaming 'uncertainty.' Investing can be uncertain by its very definition.
Maybe Wall Street is scared of not being able to reach for easy cash flow when Operation Twist ends. I don't know.
Is anyone surprised the Euro Zone is entering a double dip recession? I mean really. They practice austerity. When the USA starts its austerity program on midnight of December 31 - January 1, 2013 it may cause an additional contraction of liquidity. It is what it is and there is no real uncertainty to know Wall Street needs to be more 'bearish.' Do I have to say this?
The gravy train for Wall Street can't go on forever. QE3 is about purchasing toxic assets and returning function to banks or whomever holds these assets. QE3 should have been QE1 and we probably would be out of danger by now.
Oh, well.
I mean what magic is suppose to happen here? When toxic asset purchase is tapped out and the Fed now owns all the nasty investments from the Bush Years, there won't be anymore infusion of liquidity. Right? So, what is the problem? Hooked on easy cash, adrenalin, sex, drugs or any combination there of? What's the problem already?
Where are the venture capitialists? That was not vulture capitalists because vulture capitalists will cause further problems with contraction. Right?
IF WALL STREET would pay attention to the movement within the Obama Administration they would find a lot of places for venture capital and expanding the economy. One of the most promising areas is "Green Chemistry." I'll get into it this weekend, but, there are many, many opportunities within this administration's good work. Investors need to look for it. It is there.
Wall Street has to go back to being Wall Street. The leadership in the world today is not going to pander to anyone. There are difficult choices to make and their focus is their people. Basically, Wall Street is seeking welfare over investment. No more. It is time for Wall Street to go back to being investors with vision rather than 'day traders.'
Get over it. Wall Street has never been more dysfunctional and outside their own ability to manage their own assets. It is ridiculous.
I think investors need to move past their own insecurities and stop blaming 'uncertainty.' Investing can be uncertain by its very definition.
Maybe Wall Street is scared of not being able to reach for easy cash flow when Operation Twist ends. I don't know.
Is anyone surprised the Euro Zone is entering a double dip recession? I mean really. They practice austerity. When the USA starts its austerity program on midnight of December 31 - January 1, 2013 it may cause an additional contraction of liquidity. It is what it is and there is no real uncertainty to know Wall Street needs to be more 'bearish.' Do I have to say this?
The gravy train for Wall Street can't go on forever. QE3 is about purchasing toxic assets and returning function to banks or whomever holds these assets. QE3 should have been QE1 and we probably would be out of danger by now.
Oh, well.
I mean what magic is suppose to happen here? When toxic asset purchase is tapped out and the Fed now owns all the nasty investments from the Bush Years, there won't be anymore infusion of liquidity. Right? So, what is the problem? Hooked on easy cash, adrenalin, sex, drugs or any combination there of? What's the problem already?
Where are the venture capitialists? That was not vulture capitalists because vulture capitalists will cause further problems with contraction. Right?
IF WALL STREET would pay attention to the movement within the Obama Administration they would find a lot of places for venture capital and expanding the economy. One of the most promising areas is "Green Chemistry." I'll get into it this weekend, but, there are many, many opportunities within this administration's good work. Investors need to look for it. It is there.
Wall Street has to go back to being Wall Street. The leadership in the world today is not going to pander to anyone. There are difficult choices to make and their focus is their people. Basically, Wall Street is seeking welfare over investment. No more. It is time for Wall Street to go back to being investors with vision rather than 'day traders.'
Get over it. Wall Street has never been more dysfunctional and outside their own ability to manage their own assets. It is ridiculous.
