EurAnalysis

QE3 is coming! QE3 is coming!

Thu, May 17 2012, 16:11 CET | Forex Live


By: Jamie Coleman

Like clockwork, the Bernanke Put has emerged and traders are pricing in yet more Fed bond buying. They are starting to price in more bond buying from all the central banks, and you can't blame them... EUR/USD is ripping toward 1.2750/60 where Asian offers were spotted earlier.

crazy PA, hopium addicts

i'm on the sidelines...
being a patient bear


very tempting to sell the spike but this poor US data may resonate for a little longer

The QE crowd is out there again. Always wanting uncle helicopter Ben to print more money. It ain't going to happen.

What happened to KNO?

PA was just reacting to the news. Might retrace back (EU). If it breaks the 1.268X, might head south, maybee...

Like your quote. How about this one?

You'll lose money chasing women, but will never lose women chasing $$$!

darn, looks like i missed out on a short scalp, almost back to where we started before the US news

I can vouch for this one!

PA was crazy. Was able to get in 46 pips scalping this crazy s#$%!

Believe me. We all been there. Doesn't matter what country you from. Hoes are hoes. Hoe's never before bros though.

Bros before Hoes! Remember that and it'll save you half the time. Works anywhere. Even in Switzerland.

Somebody complained about Kno and he got suspended. I hope he gets back later once issue is resolved. PT said he's working on it.

Well - both want your $$$ if have any. So it doesn't matter who's before - just take care of your wallet wherever you are.

True.

A question for PT and everyone...
Because Philly Fed -5.8 was little surprising for me as compare to previous 8.5 .... My question is can they release a fake data to cover shorts or open new shorts or to go long...?

US Senator going off on Bernanke
Written by Jamie Coleman of FOREXLIVE
May 17, 2012 at 14:45 GMT
In a confirmation hearing for two Fed governors, Republican Senator Vitter is railing at Fed Chair Bernanke for following a very dangerous policy. Nominees Stern and Powell are in-line with Bernanke, and thus he opposes them…

Cool!

No they can't. But it has been happening that they've done some miscalculations like in housing numbers for almost 7 years.

I don't think they can publish outright false data, but they can get very creative with how they calculate their numbers, choosing to not include some data or weighing other factors more heavily

I remember reading some backlash on how the new unemployment numbers were determined

Like this one. Gov't has always fudged their numbers. Nothing new.

Real’ Unemployment Rate Remains at 14.5 Percent

By Matt Cover
May 7, 2012
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http://cnsnews.com/sites/default/fil...es/jobs-AP.jpgA protester in Muskegon, Michigan last December. (Greg Lindstrom/The Muskegon Chronicle/AP Photo)

(CNSNews.com) – The “real” unemployment rate – a broader, more inclusive measure of the country’s jobless picture than the one usually used – remained unchanged at 14.5 percent in April, as the economy created a paltry 115,000 jobs.
Known formally as the U-6 unemployment rate, this measure includes those formally counted as unemployed, those known to be marginally attached to the workforce, and those who are working part-time because they cannot find full-time work.
According to the Bureau of Labor Statistics (BLS), the U-6 unemployment rate remained flat in April at 14.5 percent – meaning some 22.8 million people are either unemployed, have stopped looking for work, or need full-time work but can only find part-time employment.
The U-6 rate is considered to be a more accurate measure of the unemployment picture because it includes a broader sample of those affected by poor economic conditions. By including both unemployed persons and those marginally attached, this measure captures people the BLS would normally count as out of the workforce.
Being marginally attached to the workforce means that a person is not employed and has not looked for a job in the past month – but would accept a job if any were available. The measure best captures people who are available to work but who have given up looking for a job.
The government does not count these people as officially unemployed because they have not looked for work in the past month. They are usually deemed not to be in the labor force at all, and essentially disappear from the government’s survey of unemployment.
By counting people who can only find part-time work and including it in a measure of unemployment BLS is able to track what is known as underemployment – when someone is forced to work part-time because full-time work is unavailable.
This measure provides a deeper look into the relative weakness of the jobs market than that provided by the official unemployment rate because while these people are employed, they are not as productive as they could – and would like to – be.

yup! the government realized % were fractions and we can change the denominator for much better results