Sunday, July 31, 2011

How Deep is the Global Economic Rabbit Hole? - The Market Oracle

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How Deep is the Global Economic Rabbit Hole?
The Market Oracle
QE1 and QE2 were grossly ineffective as well. About all the QE's did was to further debase our currency, a practice that has allowed governments to pay off their debt at face value with ever devaluated fiat money. Yet why have all the kings' horses and ...

Friday, July 29, 2011

Tea Party Trying To Right US Fiscal Ship - Forbes (blog)

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Tea Party Trying To Right US Fiscal Ship
Forbes (blog)
For the Tea Party, increasing the national debt is lunacy, when you consider that much of it was recently purchased by the Federal Reserve under quantitative easing programs (QE1 and QE2). They don't want QE 3 either. For the Tea Party, it's a charade ...

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Thursday, July 28, 2011

Clipper race arrives in Southampton - This Is Hampshire.net

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Clipper race arrives in Southampton
This Is Hampshire.net
Then 10 minutes later HMS Illustrious will leave the QE2 berth, where it will tie up tomorrow at 1.15pm. The vast warship will take its position behind the competing yachts, with a spectacular flotilla of boats of every shape and size following in its ...

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Bob Moriarty: Peak Oil Passed - Seeking Alpha

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Bob Moriarty: Peak Oil Passed
Seeking Alpha
I think the market's going to fall out of bed shortly because QE1 and QE2 didn't add anything to employment. They cost an enormous amount of money and didn't accomplish anything. So while I believe it would be pretty stupid to do QE3, the fact of the ...

and more »

Wednesday, July 27, 2011

My qe2 model ship

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hi

youtube.com

[Richard Parker] The debt ceiling debacle: Buckle up, folks - The Korea Herald

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[Richard Parker] The debt ceiling debacle: Buckle up, folks
The Korea Herald
After quantitative easing came QE2. That money has bolstered not just the bond markets, and lined the pockets of Goldman Sachs, but bolstered the equity markets. And so the Street has thought: Hey, those guys down in Washington will make a deal, ...

and more »

Australian Consumer Prices Advance, Sending Currency to Record - Fullermoney - Proactive Investors UK

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Australian Consumer Prices Advance, Sending Currency to Record - Fullermoney
Proactive Investors UK
There's the debt-ceiling showdown in Washington, the painfully slow jobless and housing-less recovery in the United States coinciding with the end of QE2, and inflationary pressures in China and the potential for a hard landing there. ...

and more »

Gold And Silver Resume Secular Uptrends - Daily Markets

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Gold And Silver Resume Secular Uptrends
Daily Markets
Many were keeping an eagle's eye on the pending announcement by Bernanke and the Federal Reserve concerning the expiration of QE2 on June 30th. When he did speak, he admitted that he did not have “a precise read on why this slower pace of growth is ...

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Gold and Silver Resume Secular Uptrends - Benzinga

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Gold and Silver Resume Secular Uptrends
Benzinga
Many were keeping an eagle's eye on the pending announcement by Bernanke and the Federal Reserve concerning the expiration of QE2 on June 30th. When he did speak, he admitted that he did not have “a precise read on why this slower pace of growth is ...

and more »

Bob Moriarty: Peak Oil Passed - NASDAQ

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Bob Moriarty: Peak Oil Passed
NASDAQ
I think the market's going to fall out of bed shortly because QE1 and QE2 didn't add anything to employment. They cost an enormous amount of money and didn't accomplish anything. So while I believe it would be pretty stupid to do QE3, the fact of the ...

and more »

Bob Moriarty: Peak Oil Passed - IBTimes Canada

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Bob Moriarty: Peak Oil Passed
IBTimes Canada
I think the market's going to fall out of bed shortly because QE1 and QE2 didn't add anything to employment. They cost an enormous amount of money and didn't accomplish anything. So while I believe it would be pretty stupid to do QE3, the fact of the ...

and more »

Bob Moriarty: Peak Oil Passed - International Business Times

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Bob Moriarty: Peak Oil Passed
International Business Times
I think the market's going to fall out of bed shortly because QE1 and QE2 didn't add anything to employment. They cost an enormous amount of money and didn't accomplish anything. So while I believe it would be pretty stupid to do QE3, the fact of the ...

and more »

Doing the numbers - Salon

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Salon

Doing the numbers
Salon
This is the QE2 of the skies -- grand, elegant, refined. The A380 is one of those bulky new cruise ships that looks like a floating wedding cake -- oversize, ungainly and vulgar.) 767 About a thousand examples of this medium/long-haul quasi-widebody ...

and more »

Tuesday, July 26, 2011

Peak Oil Has Passed - The Market Oracle

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Peak Oil Has Passed
The Market Oracle
I think the market's going to fall out of bed shortly because QE1 and QE2 didn't add anything to employment. They cost an enormous amount of money and didn't accomplish anything. So while I believe it would be pretty stupid to do QE3, the fact of the ...

and more »

Bob Moriarty: Peak Oil Passed - Citizen Economists (blog)

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Bob Moriarty: Peak Oil Passed
Citizen Economists (blog)
I think the market's going to fall out of bed shortly because QE1 and QE2 didn't add anything to employment. They cost an enormous amount of money and didn't accomplish anything. So while I believe it would be pretty stupid to do QE3, the fact of the ...

Printing money will buy trouble - Jacksonville Daily News

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Printing money will buy trouble
Jacksonville Daily News
Already, the Federal Reserve Board has implemented two of these programs: QE1, which began in November 2008 following that September's financial panic; and QE2, which began in November 2010 and ended June 30. QE1 and QE2 are credited with sparking the ...

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Scaggs: Mr. Geithner's Lack of Decency - GOPUSA

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Scaggs: Mr. Geithner's Lack of Decency
GOPUSA
At every turn, Geithner has backed-up the horribly ineffective Fed Chairman Ben Bernanke as he consistently over-estimated projected economic growth, inevitably resulting in QE1, and then QE2 being inflicted upon a fragile nation and a weakened dollar. ...

RICHARD PARKER: Both parties seek Wall Street's favor - Sacramento Bee

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RICHARD PARKER: Both parties seek Wall Street's favor
Sacramento Bee
After quantitative easing came QE2. That money has bolstered not just the bond markets, and lined the pockets of Goldman Sachs, but bolstered the equity markets. And so the Street has thought: Hey, those guys down in Washington will make a deal, ...

and more »

Masterplan reveals details about “Port Wirral” - Wirral News

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Masterplan reveals details about “Port Wirral”
Wirral News
Local councillor Phil Gilchrist said so far there is “not a great deal of detail” but Peel have revealed their “desire to develop land near the QE2 dock”. He said: “I think people in Eastham expect there to be give and take about future development. ...

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RICHARD PARKER: Both parties seek Wall Street's favor - Modesto Bee

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Modesto Bee

RICHARD PARKER: Both parties seek Wall Street's favor
Modesto Bee
After quantitative easing came QE2. That money has bolstered not just the bond markets, and lined the pockets of Goldman Sachs, but bolstered the equity markets. (Richard Drew / The Associated Press) - David O'Day, center, and fellow traders gather at ...

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OUR VIEW: Please, don't just print more money - Colorado Springs Gazette

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OUR VIEW: Please, don't just print more money
Colorado Springs Gazette
Already, the Federal Reserve Board has implemented two of these programs: QE1, which began in November 2008 following that September's financial panic, and QE2, which began in November 2010 and ended June 30. QE1 and QE2 are credited with sparking the ...

Bob Moriarty: Peak Oil Passed - Right Side News

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Bob Moriarty: Peak Oil Passed
Right Side News
I think the market's going to fall out of bed shortly because QE1 and QE2 didn't add anything to employment. They cost an enormous amount of money and didn't accomplish anything. So while I believe it would be pretty stupid to do QE3, the fact of the ...

and more »

TardScat - CUNARD'S Cruise ship QE2 in Guernsey 26808

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TardScat - CUNARD'S Cruise ship QE2 in Guernsey 26808

youtube.com

Peak Oil Passed - Oakshire Financial

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Peak Oil Passed
Oakshire Financial
I think the market's going to fall out of bed shortly because QE1 and QE2 didn't add anything to employment. They cost an enormous amount of money and didn't accomplish anything. So while I believe it would be pretty stupid to do QE3, the fact of the ...

and more »

Bob Moriarty: Peak Oil Passed - Jutia Group

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Bob Moriarty: Peak Oil Passed
Jutia Group
I think the market's going to fall out of bed shortly because QE1 and QE2 didn't add anything to employment. They cost an enormous amount of money and didn't accomplish anything. So while I believe it would be pretty stupid to do QE3, the fact of the ...

Bob Moriarty: Peak Oil Passed - Business Insider

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Bob Moriarty: Peak Oil Passed
Business Insider
I think the market's going to fall out of bed shortly because QE1 and QE2 didn't add anything to employment. They cost an enormous amount of money and didn't accomplish anything. So while I believe it would be pretty stupid to do QE3, the fact of the ...

Monday, July 25, 2011

Junketeering Brooklyn Boss Should Stick to Street Fairs - Huffington Post

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Junketeering Brooklyn Boss Should Stick to Street Fairs
Huffington Post
We're not even counting a cruise from England to New York aboard the QE2 paid for by the Cunard Line. Markowitz said he would deliver lectures to the passengers about Brooklyn tourism while sailing the high seas. The board blessed this little excursion ...

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Our View: Don't print more money - Appeal-Democrat

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Our View: Don't print more money
Appeal-Democrat
Already, the Federal Reserve Board has implemented two of these programs: QE1, which began in November 2008 following that September's financial panic, and QE2, which began in November 2010 and ended June 30. QE1 and QE2 are credited with sparking the ...

and more »

HMS Illustrious to mark start of Clipper Round the the World Race from Southampton - Daily Echo

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HMS Illustrious to mark start of Clipper Round the the World Race from Southampton
Daily Echo
The 22000-tonne Royal Navy vessel, known as Lusty, will cruise into Southampton docks on Saturday and berth in the QE2 terminal ready to take its position the following day at 2.30pm. The ship will arrive amid a three-day sailing and free entertainment ...

and more »

Sunday, July 24, 2011

The debt ceiling debacle: Buckle up, folks - Sacramento Bee

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The debt ceiling debacle: Buckle up, folks
Sacramento Bee
After quantitative easing came QE2. That money has bolstered not just the bond markets, and lined the pockets of Goldman Sachs, but bolstered the equity markets. And so the Street has thought: Hey, those guys down in Washington will make a deal, ...

and more »

Peter Morici: US Debt Ceiling; Heading off a securities markets' panic - FinFacts Ireland

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FinFacts Ireland

Peter Morici: US Debt Ceiling; Heading off a securities markets' panic
FinFacts Ireland
As the Fed did during QE2 (a cruise liner to some but in the period of the financial crisis, the second program of quantitative easing by the Federal Reserve, where the central bank purchases long-term US Treasury bonds in the market, thereby pushing ...

and more »

Saturday, July 23, 2011

Biel Rd.5: Vachier-Legrave stops Carlsen, Morozevich wins - Chessbase News

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Chessbase News

Biel Rd.5: Vachier-Legrave stops Carlsen, Morozevich wins
Chessbase News
Qe2 Red8 25. Qf3 Qe7 26. h4 Qf8 27. h5 Qe7 28. h6 g6 29. Nd5 Bxd5 30. Rxd5 Qg5 31. Rh1 Kf8 32. Qd3 Qf6 33. Qe3 Qe6 34. Rf1 f6 35. b4 Ke8 36. Rfd1 Kf7 37. a4 Ke7 38. a5 Rc8 39. b5 Qg4 40. axb6 axb6 41. Ra1 Rb8 42. f3 Qe6 43. Qd2 Kf7 44. Rd1 Ke7 45. ...

Wednesday, July 20, 2011

The Time for Picking Up Gold Bargains Is Coming to a Close - Seeking Alpha

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The Time for Picking Up Gold Bargains Is Coming to a Close
Seeking Alpha
Isn't this what he said before QE2? It's like I said before, QE3 will happen in some form or another. That means more government spending and more reasons why gold will continue to trek higher. The financial woes in Europe are also contributing to ...

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Are There Any non-QTM Explanations of the Price Level? - Wall Street Pit

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Are There Any non-QTM Explanations of the Price Level?
Wall Street Pit
If it does raise inflation expectations (as QE2 did) it's probably because it changed expectations of future monetary policy. If nominal rates are near zero, the situation is complex–I'll return to that case later. So let's start with an economy that ...

Monday, July 18, 2011

Boeing vs. Airbus: The pilot weighs in - Salon

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Salon

Boeing vs. Airbus: The pilot weighs in
Salon
This is the QE2 of the skies -- grand, elegant, refined. The A380 is one of those bulky new cruise ships that looks like a floating wedding cake -- oversize, ungainly and vulgar.) 767 About a thousand examples of this medium/long-haul quasi-widebody ...

and more »

Boeing vs. Airbus: The pilot weighs in - Salon

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Salon

Boeing vs. Airbus: The pilot weighs in
Salon
This is the QE2 of the skies -- grand, elegant, refined. The A380 is one of those bulky new cruise ships that looks like a floating wedding cake -- oversize, ungainly and vulgar.) 767 About a thousand examples of this medium/long-haul quasi-widebody ...

and more »

Sunday, July 17, 2011

Magnificent Six? Still room for more - Mirror.co.uk (blog)

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Magnificent Six? Still room for more
Mirror.co.uk (blog)
Elsewhere, Ventura was at the Ocean Terminal and Grand Princess at the QE2 building. Click on the image to see it full size. Damian Gevertz, managing director of of CruiseSouthampton.com said: " The additional transport arrangements that ABP Port of ...

Dr Peter Morici: The debt ceiling and funding the US government after August 2 ... - FinFacts Ireland

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FinFacts Ireland

Dr Peter Morici: The debt ceiling and funding the US government after August 2 ...
FinFacts Ireland
Consider the minuet the Treasury and Fed were dancing through June 30 under QE2 (a cruise liner to some but in the period of the financial crisis, the second program of quantitative easing by the Federal Reserve, where the central bank purchases ...

and more »

US debt battle: Showdown on Capital Hill - The Guardian

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US debt battle: Showdown on Capital Hill
The Guardian
Look at how many bonds the Fed has bought in the last 3 years, this is to mainpulate the interest rates downwards (QE1, QE2) and buying bonds on the secondary markets. Remove the Fed from the equation, and you'll see interest rates going up sharply. ...

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Saturday, July 16, 2011

One Remaining Question For Ben Bernanke About QE2 - Business Insider

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Business Insider

One Remaining Question For Ben Bernanke About QE2
Business Insider
It might be a useful tool in an extreme emergency (2008) (where an immediate and significant short-term monetary shock is required to stabilize a sinking ship). But QE has no role to play in normal monetary operations. Face it Mr. Bernanke (and ...

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A question for Bernanke - Benzinga

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A question for Bernanke
Benzinga
Our analysis indicates that our actions (QE2) to be roughly equivalent to a 40-100 basis-point reduction in the Federal Funds rate. Six months ago Bernanke said something similar to this. At that time he suggested that $200b of QE was equivalent to a ...

Friday, July 15, 2011

Six liners will cruise back into city's historic docks - Daily Echo

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Six liners will cruise back into city's historic docks
Daily Echo
Michael said: “QE2 had just arrived in Southampton from New York, and during the crossing she had completed her five millionth mile, establishing a new world record, and, moored next to her is the former, P&O Cruises' ship, Victoria. ...

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Thursday, July 14, 2011

Stop It, Bernanke! - Independent Women's Forum

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Stop It, Bernanke!
Independent Women's Forum
Last year, the Fed undertook a program called “QE2” – which sounds like a benign ocean liner. Harmless, right? Wrong. What it actually stands for is “Quantitative Easing 2,” which is Washington-speak for “printing money we don't have,” in an effort to ...

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Wednesday, July 13, 2011

TV3 Doco Series to Put Federal Restaurateurs Under the Grill - Scoop.co.nz (press release)

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TV3 Doco Series to Put Federal Restaurateurs Under the Grill
Scoop.co.nz (press release)
Connolly found his calling during his tenure at the Princess Grill, a restaurant aboard the world's most luxurious cruise ship, the QE2. Arriving in Australia Connolly's talent quickly led to his appointment at Star City's Astral in 1995. ...

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Tuesday, July 12, 2011

Which Way Wednesday: Wherefore Art Thou QE3? - Seeking Alpha

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Which Way Wednesday: Wherefore Art Thou QE3?
Seeking Alpha
nor will it employ people and we ABSOLUTELY know that QE3, if done like QE2, is going to drive gasoline back over $4 (retail) and food to unbearable prices. Speaking of food - US ethanol refiners are now consuming MORE corn than livestock and poultry ...

Monday, July 11, 2011

Behind Dismal Employment Numbers, Rogue Wave Coming - Seeking Alpha

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Behind Dismal Employment Numbers, Rogue Wave Coming
Seeking Alpha
I have also reported that since February that the banks were socking away virtually all of the QE2 cash from the Fed back in the Fed's vault rather than redeploying it in the economy. That was another factor behind the economic stall. ...

What Happened to the Jobs? - Jutia Group

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Jutia Group

What Happened to the Jobs?
Jutia Group
And now the Fed is done with QE2 (except that they will take the mortgage roll-off from their portfolio and use it to buy treasuries), and the fiscal authorities are going to put the brakes on government spending, or at least slow things down. ...

US Dollar Reverses Losses After Jobs Report - Business Insider

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US Dollar Reverses Losses After Jobs Report
Business Insider
I thought QE1 and QE2 were going to do the same thing… Wrong! Now what? Well, I told anyone on the desk that wasn't on the phone the other day that this deadlock over the debt ceiling is probably really playing badly with businesses, and their budget ...

and more »

US Dollar Reverses Losses After Jobs Report - Daily Reckoning - American Edition

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US Dollar Reverses Losses After Jobs Report
Daily Reckoning - American Edition
I thought QE1 and QE2 were going to do the same thing… Wrong! Now what? Well, I told anyone on the desk that wasn't on the phone the other day that this deadlock over the debt ceiling is probably really playing badly with businesses, and their budget ...

and more »

The Euro Rot Intensifies - Seeking Alpha

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The Euro Rot Intensifies
Seeking Alpha
With the completion of the Fed's QE2 $600b program, increases the available supply of debt to the market and may add additional pressure for rates to back up. Previously, the Fed had been the only consistent buyer of product, now, this week's supply ...

and more »

Sunday, July 10, 2011

EURO Rot Intensifies - OANDA Forex (blog)

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EURO Rot Intensifies
OANDA Forex (blog)
With the completion of the Fed's QE2 $600b program, increases the available supply of debt to the market and may add additional pressure for rates to back up. Previously, the Fed had been the only consistent buyer of product, now, this week's supply ...

and more »

QE2's anchor installed outside Southampton's Holy Rood church - This Is Hampshire.net

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QE2's anchor installed outside Southampton's Holy Rood church
This Is Hampshire.net
The steel anchor, which is 4.3m high and 2.7m wide, is one of two that were hung below the great ship's bow rail on each side of the ship. The church, which was dedicated as a memorial to the sailors of the Merchant Navy in 1957, forms part of the QE2 ...

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QE2's anchor installed outside Southampton's Holy Rood church - Daily Echo

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QE2's anchor installed outside Southampton's Holy Rood church
Daily Echo
The steel anchor, which is 4.3m high and 2.7m wide, is one of two that were hung below the great ship's bow rail on each side of the ship. The church, which was dedicated as a memorial to the sailors of the Merchant Navy in 1957, forms part of the QE2 ...

and more »

Saturday, July 9, 2011

What Happened to the Jobs? - HoweStreet.com

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What Happened to the Jobs?
HoweStreet.com
And now the Fed is done with QE2 (except that they will take the mortgage roll-off from their portfolio and use it to buy treasuries), and the fiscal authorities are going to put the brakes on government spending, or at least slow things down. ...

and more »

Dismal Employment Report: What Happened to the Jobs? - Seeking Alpha

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Dismal Employment Report: What Happened to the Jobs?
Seeking Alpha
And now the Fed is done with QE2 (except that they will take the mortgage roll-off from their portfolio and use it to buy treasuries), and the fiscal authorities are going to put the brakes on government spending, or at least slow things down. ...

Friday, July 8, 2011

Hey, President Obama, It's Time You Took Responsibility For Our Horrible Jobs ... - Business Insider

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Business Insider

Hey, President Obama, It's Time You Took Responsibility For Our Horrible Jobs ...
Business Insider
And now the Fed is done with QE2 (except that they will take the mortgage roll-off from their portfolio and use it to buy treasuries), and the fiscal authorities are going to put the brakes on government spending, or at least slow things down. ...

Wednesday, July 6, 2011

Luxury camping in Britain: Harptree Court, Somerset - Telegraph.co.uk

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Telegraph.co.uk

Luxury camping in Britain: Harptree Court, Somerset
Telegraph.co.uk
But now that I'm here I can see that this was slightly unfair, like comparing a barge holiday to a cruise on the QE2. It would be far more appropriate to compare the experience to staying in a five-star hotel suite, one that has total privacy and ...

Would We Be Better Off With a Single Mandate of Fighting Inflation? - Seeking Alpha

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Would We Be Better Off With a Single Mandate of Fighting Inflation?
Seeking Alpha
Yes, the deck chairs on the US Ship should be only allowed one configuration. That will help a lot. Over the years I've noticed insiders like McTeer frequently talk about policy issues (he says things like he wouldn't have made QE2 so big or even ...

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Hilda Peck, wife of Peck Plaza developer and former Miss United States, dies - Daytona Beach News-Journal

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Hilda Peck, wife of Peck Plaza developer and former Miss United States, dies
Daytona Beach News-Journal
The Pecks were passengers aboard the around-the-world inaugural cruise of the QE2 in 1975. "She was a lot of fun to be around," Davidson said. "She had a contagious laugh." Ed Peck, 93, called his wife a "very refined and sophisticated Southern lady. ...

Tuesday, July 5, 2011

The Wealth Effect And Unintended Consequences - Forbes (blog)

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The Wealth Effect And Unintended Consequences
Forbes (blog)
Thank goodness for QE2 and all those other government programs with funny names (TARP, PPIP, QE1, etc.) that righted our ship! But just how effective will this wealth effect be? It turns out that the top 20% of income earners in America own more than ...

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Lord Mayor makes waves by floating boat idea - Yorkshire Post

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Lord Mayor makes waves by floating boat idea
Yorkshire Post
“It's only a little cabin cruiser; it's not the QE2,” he said. “I am hoping we will get it finished by engineering apprentices. They are the ones who started it and didn't get it finished because colleagues panicked.” Coun Inglis, who was behind the ...