DOW Futures up +281 ...

[CleanGreenFuture]

Fed May Strengthen Stimulus Pledge on Recession Concern
http://www.bloomberg.com/news/2011-08-08/bernanke-may-move-to-lift-confidence-on-concern-u-s-heading-for-recession.html

QE3 on the way...

[dkf]

1. Only up 100 now

[CleanGreenFuture]

2. I'm seeing it at 204 on Bloomberg. Where are you watching?

[Tunkamerica]

3. 55 at 4am CNN has it at 101

[CleanGreenFuture]

5. Bounced off of 10 about a minute later and now back up above 40.

[Sherman A1]

4. There is a point where

"The Boys" will swoop in to grab bargins, I have found the time between the downs & ups tend to be shorter and shorter. We will see how this plays out.

[AlabamaLibrul]

6. ten minute delayed quotes direct from the CME...

http://www.cmegroup.com/trading/equity-index/us-index/e-mini-dow.html

[Demeter]

7. Futures have been oscillating like crazy.

Fear vs. greed.

[Skip_In_Boulder]

8. Not only is the Dow up but also Nasdaq, and S&P

are up as well. While this might be encouraging it is still most likely going to be a long week. Let's just hope more bad news doesn't keep coming in.

[marmar]

9. Printing more funny money

nt

[katnapped]

10. WOOT!

Apparently those of us on the bottom haven't been fucked enough.

But hey, at least I can go buy a DVD player CHEEP! :sarcasm:

[Creideiki]

11. They need to or we hit the deflationary debt spiral.

That is very not funny.

[originalpckelly]

15. It's a name for a proposal to hand out "social credit" in Canada.

It's not a joke.

[unblock]

12. actually, given how broken fiscal policy is, a little inflation is the next best thing.

inflation erodes the value of assets, but also erodes the cost of debt.

this is bad for the wealthy who aren't leveraged and also bad for retirees who have paid down their debts and live off fixed incomes. not good in that respect, which is why it's hardly the ideal solution.

however, it is good for people who are leveraged or who just have debt. and that's the real problem with this economy: too many people -- homeowners, the recently ill, etc. -- have too much debt and so their money goes to necessities and servicing their debt. so they have nothing leftover to really drive the econony.

inflation would make it easier for these people to pay their debts. at least, provided there's enough "inflation" to extend to the labor market so people are getting more cash to pay down their fixed debts.



to be clear, be competent FISCAL policy would be much preferred, but i don't see that happening anytime soon. failing that, inflation would be the next best thing.

[originalpckelly]

14. I thought the same damn thing when I heard that!

:rofl:

[mmonk]

13. This is market mechanics. Bargain hunting.

It isn't affirmation of deficit reduction madness. The fed is just creating a false economy on liquidity since there are no revenue flows.