Goldman Pulls The Plug On More QE In 2012 | Forex Factory

  • Goldman Pulls The Plug On More QE In 2012

    From zerohedge.com

    One of the most vocal advocates of a NEW QE announcement next month, at either the FOMC meeting or Jackson Hole - Goldman Sachs - has just pulled the plug. From Jan Hatzius: "The US economic data continue to look a bit stronger. Tuesday’s retail sales report for July beat expectations, while inventory accumulation showed a further slowdown in June. Our Q3 GDP tracking estimate edged up to 2.3%. The recent news also has implications for Fed policy. While QE3 at the September 12-13 FOMC meeting remains possible, our best estimate is that it will take until late 2012/early 2013 before Fed officials return to ... (full story)

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TraderUSA
Aug 15, 2012 9:40am
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Goldman Sachs, I thought you are smarter than me, if you consulted with me, I would told you that long time ago. Plus
save your clients money too. You and JP Morgan trade so stupid and led the lost of many people just because of this rumor QE that you guys created. How irresponsibility and stupidity was this? Now you pull the plug because you are lost
stupid. I told everyone a thousand times don't bet on QE, there is none for many reasons...even though recession, still there is none QE.
Reply
TraderUSA
Aug 15, 2012 11:11am
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Quoting falwic
QE3 allready in prices...
But problem with QE3 is that now more then QE2 impact on real economy is limited.
Wall Street loves cheap money but obviously world economy is slowing down and alternatives to stocks are not so many. BONDS, Softs, are overpriced. No place to hide
They buy the rumor of QE3 and now they were loss big time. There is f***QE3, don't even dream about that. The whole damn game that they created a rumor there is QE3 coming, people rush to buy what they told them and now it turn out there is no such thing of QE3 in the book for good, even if there is recession. The Fed don't dance every time WallStreet f** wants it to dance. So now they began to realize that, they already lost a few billions of their clients money. Stupid.
Reply
falwic
Aug 15, 2012 10:44am
Permalink
QE3 allready in prices...
But problem with QE3 is that now more then QE2 impact on real economy is limited.
Wall Street loves cheap money but obviously world economy is slowing down and alternatives to stocks are not so many. BONDS, Softs, are overpriced. No place to hide
Reply
falwic
Aug 15, 2012 12:11pm
Permalink
Quoting TraderUSA
They buy the rumor of QE3 and now they were loss big time. There is f***QE3, don't even dream about that. The whole damn game that they created a rumor there is QE3 coming, people rush to buy what they told them and now it turn out there is no such thing of QE3 in the book for good, even if there is recession. The Fed don't dance every time WallStreet f** wants it to dance. So now they began to realize that, they already lost a few billions of their clients money. Stupid.
thats true

QE3 in prices but there will be no QE3
1. very limited impact to the mainstreet
2. Central Banks in most countries are banned from "QE like" actions just to prevent 'em from supporting ruling pary/president ect before the elections. FED is not banned from that but they dont wanna be in all this political circus and watch TV spots "FED printing money to support OBAMA and WALLSTREET GUNSLINGERS" They need some credibility.

also pls note that any bond buying in Europe... another bullshit from big banks...
just banned by constitution in all countries...

2nd. Eurobonds ? Yields set to "chain is only as strong as its weakest link" who needs em ?

We need some real actions no cheap monaey for junkies.
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RichardHK
Aug 15, 2012 10:25am
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Sadly, whatever Goldman Sucks says will be US government policy. GS tells them what to do!

Nothing will change until the US political system is overhauled - not likely in our lifetime, sadly. Obama was a big letdown and Romney Hood is no better. Greed rules.
Reply
Trader#EC93
Aug 15, 2012 9:27am
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Every time eu goes down QE3 issue always rises.... Is there anything else to trow up than this ?
Reply
Trader#FEFB
Aug 15, 2012 10:13am
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After the pump, here comes the dump...

(But evryone knows it's only coincidental, there's never any manipulation in forex...or whatever)

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