but I got me a shit load of oil, and getting more every day. lol

This is all about wealth effect, and the end result will push asset prices up. Not just gold, silver, and any commodity for that matter, but just about all equities. I said "just" because it may not include BAC. Now I'm just fucking with marikod.

The intent of QE 2 is to force people out of treasuries, because they have the Fed as competition. Where will people go? Well, the Fed is trying to push them to equities.

Cheap dollar, some level of inflation, it's good for stocks. Enjoy the ride for a few months.

Wait for it GaG. Do you hear it yet? It's coming. Yep Charlie will soon say "We're just a bunch of capitalist running dogs."

What our favorite little commie forgets is that we are all members of the capitalist class, some more of us than others of course. The game is open to all of us, I can't help it if some people are just lousy at the game.

Yes, I see good times in my future. lol

In a capitalist system all-comers are invited. Just like Vegas. Without actually saying it, Big Ben said he wants equities to increase in value. If people see their IRA, 401K, trading account, whatever go up in value, then hopefully they will feel better, and go out and buy shit.

This is like the dealer in Vegas looking at his/her hole card, grabbing your throat and saying, "take a fucking hit you idiot."

...to see how these electric cars turn out. Nissan just release the LEAF, a fully electric vehicle. Chevy is introducing the volt. After a very unsteady start, it looks like Tesla Motors is beginning to get their act together as well.

Once a major car company introduces an economy vehicle that's reliable and is fully electric, with interchangable batteries, oil may quickly go the way of the dinosaur.

The federal reserve has committed 600 billion for direct montezation of the debt. Another 250 billion committed for other support. Basically, the dollar will lose 20 to 30 percent in value over the next 3 quarters.  Got Gold??? Silver also...

Commodities are the only way to invest...Ag, energy, etc. The dollar is going down.

I don't really use them as an investment (because compared to equities over the period of a few decades they have not done well), but I use them as a medium of exchange with friends.

Gold and silver -- gold particularly --  aren't very intrinsically useful compared to their price. So they just don't make sense to me as an investment. As a store of value as long as there is a society, I guess it is okay; but I use it as a medium of exchange rather than as an investment.

So I keep enough on hand to keep my private economy running with my friends, but I don't stockpile the stuff.

Anything I would stockpile would be intrinsically useful and desired compared to its cost.

be worth something soon. LOL It hasn't done too bad lately! actually it's "The running dogs of capitalism"!

Enjoy while it lasts. Sorry for getting the phrase wrong. You need to put out a flash card or powerpoint slide on these catch phrases. Maybe I can pull a "Palin" and just use crib notes on my hand. I want to make sure I say the phrases accurately at my next liberal party (lol).

I guess he just enjoys a bit of self loathing. lol

B.S. the Federal Reserve is selling now days.  Essentially QE is a sorry substitute for poor mismanagment of the Federal Government's fiscal policies i.e. too much spending. More accurately, misspending on the Department of Education, entitlement programs etc. and yes T.A.R.P. The people who will pay for this mismanagement of finances and I am talking those from Washington and Wall Street are those who pay by the rules of hard work and savings. QE will essentially erode savings.

However, like you I gotta remember to keep my emotions in check and be pragmatic. Asset prices will increase and if you got money in the bank or under the mattress buy assets. Inflation will increase. I see in the horizon this equation: High unemployment + High inflation = Stagflation = Obama out by 2012.

You're lumping in Administration and Congress initiatives, i.e. TARP, Stimulus, regulations, blah, blah, blah with the actions of the Fed.

This recent QE proves to me the independence of the Fed. Think about it for a second. None of the actions by the Administration or Congress has done anything to kick-start the economy and drive down unemployment. Read the Fed statements. In absence of any leadership from Washington, the Fed's mission is to drive demand by pushing up asset prices. Absolutely there are long term issues and consequences associated with their actions, i.e. inflation, but their mandate today and today only is to put some serious juice into the economy.

I am actually surprised that the left is not screaming about this. Who benefits from the Fed's actions? You, me, GaG, the rich, most members of this board. Get ready for some serious commodity related inflation. Already gas, food, clothing (cotton is at a new high), are increasing in price. It's only a matter of time before it filters down to the retail level. Those less fortunate will be paying a lot more for basic commodities. They are going to get fucked and not in a good way.

If this Administration and Congress were really focused on the economy and jobs, QE would have never happened. Now finally, Obama is willing to consider extension of the Bush tax cuts for everyone. Now finally, Obama is toning down his anti-business rhetoric. How about if Obama reduced the corporate tax rate of 35% for the $1T sitting off-shore by U.S. companies. How about that for a Stimulus that wouldn't add to the deficit, or require printing money.

Oregon State is favored by 5.5 over UCLA. Just to show you that emotion has no place in investing and gambling, I'm actually going to take the Beavers over the Bruins. Good luck on Saturday.

P.S. I couldn't find an over/under on the Oregon game. If the O/U was 100, I just might take the over (lol).

and Oregon St is unlikely to score as many as the Ducks. lol  The total will probably be in the mid 50s, the line on the total between Washington and the Ducks will almost certainly be over 60, it might even be in the low 70s, just like BSU vs Hawaii ought to be at least in the mid sixties.

This latest move regarding money supply strikes me as the last bullet in an otherwise empty gun, while all the side effects you mention are almost a certainty, whether it will actually jump start the economy is quite another matter. but as you said, for people like you and me and others who still have dry powder, this is great news for us.

AS BM stated, stagflation is a very real risk, but I don't see any alternative and to further quote BM we need to "keep our emotions in check and be pragmatic", that's what separates us from the losers on this board who are always whining about "how unfair things are", Winners play the cards that are dealt to them, and don't whine that there aren't enough aces in the deck.

I've never seen an offense this fast and efficient. They don't even give a shit about time of possession. Considering that 20+ of their touchdowns were scored in less than a minute, time of possession is a moot point. I would like to see them against Alabama or Auburn for the BCS (apologies to Boise State and TCU).

You gotta love their play calling. Holding up a big board with 4 pictures on it. Just waiting for Erin Andrews picture to pop up. Wonder what you would call that play?

I don't really like picking tough games to prove how smart I am.  I would much rather bet on teams like Oregon, Boise St etc who routinely blow out their opponents in high scoring games. Oregon has certainly been one of those teams this year. lol

I think they would give either Alabama or Auburn all they could handle. It wouldn't surprise me if they didn't hang 50 or so points on Auburn. lol I am an SEC fan, and have been for many years, despite my Ca roots, but Oregon can hang with anyone this year.

Of course now that I have put the curse of death on them by my praise, watch them lose outright this week.

BTW you can tell last night was a slow night for me. I got screwen in the Rutgers USF game, Or more accurately, I got greedy. I eschewed the 10 points on Rutgers and bet them +320 parlayed with the over 43, final score 28-27 exact same score as the Tulsa/ND game of last Saturday that I started to bet the same way (Tulsa was an 8 1/2 point dog) but chickened out on. Oh well, that's why they call it gambling.

I don't know if he is dumb or misquided. He just has a view that is not shared by the majority. Here is one small example. If you raise capital gains, at the end of the day the govt gets less revenue over time. If you have lower capital gains, the govt gets more revenue. During an interview, Obama's response was, "I understand and agree, but this has to do with fairness." He just has this egalitarian bug up his ass.

I don't doubt Oregon State will win this Saturday. I bleed Bruin blue and gold, but I'm a realist. We just plain suck. Plus I hate the Pistol offense that UCLA runs. Hey, I like Riley, but I've been real impressed with Harbaugh of Stanford, and Chip Kelly of Oregon.

Hey, got nothing else to do this Saturday. Might as well enjoy the tailgate parties and the female scenery.

is on the hypothesis that QE proves the independence of the Fed. I wonder if it may also may mean two other conclusions:

(1) President Obama is too dumb i.e. on economics to understand the potential harm to his voting base. He may lose the election on this gamble.

(2) President Obama understands exactly what the Fed is doing on QE, that will greatly help investors.

You right, I do wonder why the liberals are so silient on this issue. They must be dumbasses. How is logical to resolve the problem of too much debt by increasing your debt load.

Sorry buddy, Oregon State will beat UCLA. We have the better QB and defense. Plus Mike Riley is the best coach in college football - bar none.

-- Modified on 11/4/2010 7:06:26 PM

and then skipping the bloodbath of a game. lol

As to Obama, I believe he is smart enough to read the writing on the wall, but I don't think he has it in him to actually make the transition from idealogue to pragmitist.