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The only think propping up the Stock Market, is the fed.
Tarp, Omnibus, QE-1, QE-2, have been used and abused. The only think that will keep the Stock Market from dropping and dropping, will be another... QE-3
Good! Maybe America will wake up and see the scam and sham that is wallstreet and the stockmarket. Most Americans deserve everything that is happening to them by participating in the blatant ponzi scheme. We've traded good solid hourly wages and pensions for salaries and 401ks that have us working like dogs retiring at 70 years old. Meanwhile we are all sold this bill of lies that the rich pay for everything, give us everything, and we'd be nowhere without them. LMAO! Americans have got to be the stupidest people in the world. To see a country destroy within a few decades what was once the strongest most prosperous middle class............
The only think propping up the Stock Market, is the fed.
Tarp, Omnibus, QE-1, QE-2, have been used and abused. The only think that will keep the Stock Market from dropping and dropping, will be another... QE-3
Which will skyrocket food and gas.
You are assuming that nobody will buy Treasuries bills and bonds once QE2 ends. There are plenty of people on Wall Street that disagree with you.
April 18 (Bloomberg) -- Investors are paying the smallest discounts for Treasuries other than the newest, most-traded bonds since the start of the financial crisis, a sign of growing demand even as the Federal Reserve’s $600 billion buying program approaches its conclusion.
Yields on older notes with 10 years left to maturity have fallen to within 11.4 basis points, or 0.114 percentage point, of those on the newest securities of the same maturity, down from the peak of 66.1 in January 2009, according to data from Barclays Plc. The gap for so-called off-the-run notes narrowed to as little as 6.6 basis points in February, the least since May 2007.
While investors typically pay the most for benchmark Treasuries, the shrinking gap suggests that U.S. borrowing costs are unlikely to soar when the central bank’s second round of so- called quantitative easing ends in June. The Barclays data show that the spread in yields is less now than in the five years before the credit crisis began in 2007.
“There will not be major disruptions in the functioning of the Treasury market,” said Eric Pellicciaro, the New York-based head of global rates investments at BlackRock Inc., which manages about $3.56 trillion in assets. Participation in the Treasury market will “remain high, if not higher,” he said.
No Concern
Goldman Sachs Group Inc. economists said last week they don’t expect an increase in yields after the Fed exits the market, while Credit Suisse AG fixed-income strategists said Treasury rates may fall as traders reverse bets on a decline.
“We are not concerned about the end of QE2,” the Credit Suisse strategists led by Carl Lantz in New York wrote in the report. “Our base case is that rates will tend to rally around the end of the program.”
Treasuries gained last week, with the yield on the benchmark 10-year note falling 17 basis points, or 0.17 percentage point, to 3.41 percent, according to Bloomberg Bond Trader prices. The decline was the biggest since yields fell by the same amount in the five days ended Feb. 25. The price of the 3.625 percent security due February 2021 rose 1 13/32, or $14.06 per $1,000 face amount, to 101 25/32.
Good! Maybe America will wake up and see the scam and sham that is wallstreet and the stockmarket. Most Americans deserve everything that is happening to them by participating in the blatant ponzi scheme. We've traded good solid hourly wages and pensions for salaries and 401ks that have us working like dogs retiring at 70 years old. Meanwhile we are all sold this bill of lies that the rich pay for everything, give us everything, and we'd be nowhere without them. LMAO! Americans have got to be the stupidest people in the world. To see a country destroy within a few decades what was once the strongest most prosperous middle class............
Progressive economic policies and a corrupted government married with global economic opportunists who answer to no one is more like it.
Progressive economic polices married with a corrupted government and global economic opportunists who answer to no one is more like it.
And where do the rich elite corporatists fit into your picture of economic reality huh? Global economic opportunists? The rich wallstreet hacks and bankers?
Yes, the wise make moves while the foolish spend their day fist-pumping and celebrating a drop in the markets. Nokia looks awfully cheap, but could go cheaper.
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Americans have got to be the stupidest people in the world. To see a country destroy within a few decades what was once the strongest most prosperous middle class............
