QE 3 is here !!! Open ended !!!!

[Force 136]

CHICAGO: The US central bank on Thursday said it will launch a fresh round of bond-buying to stimulate the economy, purchasing $40 billion of mortgage debt each month until the outlook for jobs improves substantially. But just what does this so-called quantitative easing entail, and how does it work? Here are five questions and answers about it:

WHAT IS QUANTITATIVE EASING?

A central bank buys large amounts of assets -- in this case, bonds backed by housing mortgages -- in an effort to bring down interest rates and boost the economy. The Federal Reserve has tried quantitative easing twice before, thus earning this round the designation QE3.

HOW DOES IT WORK?

To buy bonds, the Fed essentially creates money from nothing........... PRINTING MONEY LAH

NEW YORK: The Federal Reserve's announcement of an open-ended QE3 programme and pledge of low rates until mid-2015 sent the dollar falling on Thursday against major currencies.

Although some monetary easing action was expected, the stance of the Fed's policy board, declaring that easing measures would stay in place indefinitely until the jobs market improves substantially, was stronger than expected.

At 2100 GMT, the euro was at $1.2986, up from $1.2899. It momentarily topped the $1.30 level for the first time since early May.

The dollar fell to 77.48 yen from 77.84 yen, and to 0.9353 Swiss francs from 0.9372 francs. The British pound pushed up to $1.6152 from $1.6107.


WHAT DOES THIS MEAN FOR YOU?

Time to stck up on properties/gold/ stocks...?

Char kway teow to be $5 soon....

 

[krafty]

ya...going to stock up on metal stocks soon...

CHICAGO: The US central bank on Thursday said it will launch a fresh round of bond-buying to stimulate the economy, purchasing $40 billion of mortgage debt each month until the outlook for jobs improves substantially. But just what does this so-called quantitative easing entail, and how does it work? Here are five questions and answers about it:

WHAT IS QUANTITATIVE EASING?

A central bank buys large amounts of assets -- in this case, bonds backed by housing mortgages -- in an effort to bring down interest rates and boost the economy. The Federal Reserve has tried quantitative easing twice before, thus earning this round the designation QE3.

HOW DOES IT WORK?

To buy bonds, the Fed essentially creates money from nothing........... PRINTING MONEY LAH

NEW YORK: The Federal Reserve's announcement of an open-ended QE3 programme and pledge of low rates until mid-2015 sent the dollar falling on Thursday against major currencies.

Although some monetary easing action was expected, the stance of the Fed's policy board, declaring that easing measures would stay in place indefinitely until the jobs market improves substantially, was stronger than expected.

At 2100 GMT, the euro was at $1.2986, up from $1.2899. It momentarily topped the $1.30 level for the first time since early May.

The dollar fell to 77.48 yen from 77.84 yen, and to 0.9353 Swiss francs from 0.9372 francs. The British pound pushed up to $1.6152 from $1.6107.


WHAT DOES THIS MEAN FOR YOU?

Time to stck up on properties/gold/ stocks...?

Char kway teow to be $5 soon....

 

[Devil Within]

Gold spike all the way up last night when retard Bernanke announced it's plan to print money to no end. Those who bought gold when it was down, well done! USD is doomed. Unless the next President fired Bernanke and the Fed, else, I think US citizens will need to buy a wheel barrow because its not going to be long when they need it to carry the cash it takes to buy a loaf of bread.


Here is a debate between Ron Paul on real money (Gold and Silver) with Paul Krugman on printing money from thin air.
<iframe width="560" height="315" src="http://www.youtube.com/embed/WEoGKpnutyA" frameborder="0" allowfullscreen></iframe>

 

[krafty]

common sense, too much at stake, don't think it will become like buying bread with barrow of money lah...

Gold spike all the way up last night when retard Bernanke announced it's plan to print money to no end. Those who bought gold when it was down, well done! USD is doomed. Unless the next President fired Bernanke and the Fed, else, I think US citizens will need to buy a wheel barrow because its not going to be long when they need it to carry the cash it takes to buy a loaf of bread.

 

[Force 136]

Pinky and his gang will import USA inflation to Singapore.... as sure as the sun will rise....

3 RM FLAT = $1 MILLION soon....

 

[po2wq]

... 3 RM FLAT = $1 MILLION soon....

sinkies all billionaires soon! ...

 

[Force 136]

Hong Kong warns of property bubble from Fed plan
Posted: 14 September 2012 1738 hrs


HONG KONG: Hong Kong's Monetary Authority warned Friday that the loosening of monetary policy in the United States could lead to overheating in the territory's already hot property sector.

HKMA Chief Executive Norman Chan said the latest US stimulus plan announced Thursday could increase the risk of a property market bubble forming in the southern Chinese city.

He said the de facto central bank would take measures to cool local asset markets if necessary, and had already required banks to tighten lending requirements for people with multiple mortgages.

"We expect that the period of exceptionally low interest rates and abundant global liquidity will stay with us longer and the risk of overheating in the property market in Hong Kong will increase," Chan told reporters.

"HKMA is concerned that borrowers with multiple mortgages loans will pose high risk to the banks."

Chan's comments came after the US Federal Reserve's policy-setting committee announced a new, open-ended US$40 billion-a-month bond-buying programme to stimulate growth and employment in the world's biggest economy.

The third round of so-called quantitative easing, or "QE3", will take the US central bank's total monthly purchases to US$85 billion a month.

Hong Kong's currency peg to the US dollar means monetary policy in the United States flows directly into the local economy.

The Asian financial centre has some of the highest property prices in the world, driven by limited supply and speculation from wealthy mainland Chinese investors.

Hundreds of thousands of working people are forced to live in tiny, windowless "cubicle" apartments because they can't afford to rent decent accommodation or buy their own homes.

The government has promised to alleviate the situation with measures including boosting public housing and releasing more land for development, but so far the policies have made little difference to housing affordability.

Chan said there was no prospect of the peg being dropped, despite calls earlier this year from the former head of the HKMA, Joseph Lam, for a review of the government's monetary options.

- AFP/ck

http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1226023/1/.html

 

[laksaboy]

Uh-oh! The Jews are at it again!

http://jewishfaces.com/banking.html

 

[Devil Within]

USA is screwed. Listen to reason and sound economic advice.

http://www.youtube.com/watch?v=LS879r7xeLc
Operation Screw: The Fed goes all-in on QE
<iframe width="560" height="315" src="http://www.youtube.com/embed/LS879r7xeLc" frameborder="0" allowfullscreen></iframe>

 

[Jah_rastafar_I]

Did u know the eurusd rose up 100 pips in like 1 min. It was so fast. It was very fast. If you did not place a trade before he announced it well you need to be super fast and pray that the server responds very fast to catch those 100 pips.