Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

GOLDMAN: Bad Jobs Report Puts Odds Of QE Next Week Above 50%
TBI ^ | 9-7-2012 | Joe Weisenthal

Posted on 09/07/2012 6:05:37 AM PDT by blam

GOLDMAN: Bad Jobs Report Puts Odds Of QE Next Week Above 50%

Joe Weisenthal
August 7, 2012

BOTTOM LINE: With today’s August employment report showing a nonfarm payroll gain of 96,000 and an unemployment rate of 8.1% because of a drop in the participation rate, we expect a return to unsterilized and probably open-ended asset purchases at the September 12-13 FOMC meeting.

MAIN POINTS:

1. We now anticipate that the FOMC will announce a return to unsterilized asset purchases (QE3), mainly agency mortgage-backed securities but potentially including Treasury securities, at its September 12-13 FOMC meeting. We previously forecasted QE3 in December or early 2013. We continue to expect a lengthening of the FOMC’s forward guidance for the first hike in the funds rate from “late 2014” to mid-2015 or beyond.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: economy; employment; jobs; recovery
Navigation: use the links below to view more comments.
first 1-5051-62 next last

1 posted on 09/07/2012 6:05:42 AM PDT by blam
[ Post Reply | Private Reply | View Replies]

To: blam

2 posted on 09/07/2012 6:06:50 AM PDT by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Bernanke would have made a great medieval barber -

bleed ‘em till they get better!

print money until the economy improves!


3 posted on 09/07/2012 6:09:07 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working fors)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

I urge President Romney to nominate Dallas Fed President Richard Fisher (Inflation Hawk) as head of the Federal Reserve.


4 posted on 09/07/2012 6:09:51 AM PDT by Perdogg
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam
Chinese Market Goes Wild After 1 Trillion Yuan Stimulus Plan
5 posted on 09/07/2012 6:10:09 AM PDT by blam
[ Post Reply | Private Reply | To 2 | View Replies]

To: blam
If Americans were not so selfish even a greater number would drop out of the labor participation and we see the unemployment rate drop to a respectable 0%
6 posted on 09/07/2012 6:12:33 AM PDT by JIM O
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam
Labor Force Participation Rate Falls To Lowest Level Since September 1981


7 posted on 09/07/2012 6:14:21 AM PDT by blam
[ Post Reply | Private Reply | To 5 | View Replies]

To: blam

Between Obama spending money to “stimulate” the economy and Bernanke printing it like it is going out of style, they have created a hyper artificial economy that that is divorced from any semblance of reality. They refuse to attack the systemic problems but rather kick the can down the road, make things worse and pray they are not sitting in the chair when hyper inflation and credit defaults set in.


8 posted on 09/07/2012 6:17:36 AM PDT by chuckee
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam
Ding Ding Ding. Get ready to rummmmmmble!


9 posted on 09/07/2012 6:18:56 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MrB; All

If “ - - - print money until the economy improves - - - “ is not counterfeiting, then what is?

BTW, isn’t counterfeiting illegal?


10 posted on 09/07/2012 6:19:54 AM PDT by Graewoulf ((Traitor John Roberts' Obama"care" violates Sherman Anti-Trust Law, AND the U.S. Constitution.))
[ Post Reply | Private Reply | To 3 | View Replies]

To: Graewoulf

Think about it...

It’s ALL counterfeit. It only has value because the federal government has the power to enforce that it has value.


11 posted on 09/07/2012 6:22:46 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working fors)
[ Post Reply | Private Reply | To 10 | View Replies]

To: chuckee

You have succinctly summed up the essence of it. Well done.


12 posted on 09/07/2012 6:23:15 AM PDT by babble-on
[ Post Reply | Private Reply | To 8 | View Replies]

To: blam
This is what Reuters has put out for June, July revisions. Why isn't it a story this happens every month?

The report's weak tenor was also underscored by revisions to June and July data to show 41,000 fewer jobs created than previously reported. The labor force participation rate, or the precentage of Americans who either have a job or are looking for one, fell to 63.5 percent -- the lowest since September 1981.

13 posted on 09/07/2012 6:28:40 AM PDT by Clint N. Suhks (EAT MOR CHIKIN)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

And the Wall St. hustlers are cheering the fact that a pathetic 96,000 jobs were created last month and July was revised down to a truly horrible 46,000....not even 1,,000 per state! These dependents of the Fed know that Ben, the Bartender, will be serving another round of Fed borrowing booze soon, so they can feed their habit of playing the rigged stock market backed by taxpayer money. Make money, it’s mine. Lose money, it’s yours. What a rotten system.


14 posted on 09/07/2012 6:28:40 AM PDT by txrefugee
[ Post Reply | Private Reply | To 1 | View Replies]

To: txrefugee

Give the addict another hit.


15 posted on 09/07/2012 6:30:54 AM PDT by Ravi
[ Post Reply | Private Reply | To 14 | View Replies]

To: MrB

” - - - It only has value because the federal government has the power to enforce that it has value.”

Not so. The “value” is only in the minds of those who choose to buy our Federal Government Bonds.

However, you may have a point if the Federal Government continues to Nationalize Industries for its own account.


16 posted on 09/07/2012 6:31:05 AM PDT by Graewoulf ((Traitor John Roberts' Obama"care" violates Sherman Anti-Trust Law, AND the U.S. Constitution.))
[ Post Reply | Private Reply | To 11 | View Replies]

To: blam

17 posted on 09/07/2012 6:32:58 AM PDT by blam
[ Post Reply | Private Reply | To 2 | View Replies]

To: MrB

And if 50% plus one person decides that it’s all conterfeit the whole house of cards comes down.


18 posted on 09/07/2012 6:33:05 AM PDT by metesky (Brethren, leave us go amongst them! - Rev. Capt. Samuel Johnston Clayton - Ward Bond, The Searchers)
[ Post Reply | Private Reply | To 11 | View Replies]

To: JIM O

I know I ma not the only one on here who knows people who are near retirement age and have lost their jobs and now are just trying to get by on what they have till age 65.

People are going back to school after being laid off, but of course the MSM will of course again cheer at 8.1 and not tell their sheep the real reason why it is down.

If anyone is on FB which I ma not anymore then expect to see people spouting off how great 8.1 is to teir pals but never telling them the real reason why.


19 posted on 09/07/2012 6:33:48 AM PDT by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
[ Post Reply | Private Reply | To 6 | View Replies]

To: blam
The Scariest Jobs Chart Ever


20 posted on 09/07/2012 6:37:32 AM PDT by blam
[ Post Reply | Private Reply | To 7 | View Replies]

To: blam

Bump so I can find this later.


21 posted on 09/07/2012 6:40:00 AM PDT by LuvFreeRepublic
[ Post Reply | Private Reply | To 1 | View Replies]

To: manc
I fully expect that prior to election day the unemployment rate will be below 8 percent. The headline will read that the rate is lower than when he began his term.

The fact is if we count the people that have given up their hope of finding a job or we counted the students that have graduated and are unable to find their first job and all the retirees that have lost their nest egg and need to but cant find a job to reenter the work force. The real unemployment rate would be approaching 20 percent.

22 posted on 09/07/2012 6:45:16 AM PDT by JIM O
[ Post Reply | Private Reply | To 19 | View Replies]

To: Graewoulf

I heard something new the other day.
People are reporting that their “new 401k plan” has no cash equivalent money market option,
and that the “safe harbor fund” that is offered is heavy in gov’t treasury bonds.

Backdoor nationalization of 401k’s, anyone?


23 posted on 09/07/2012 6:55:35 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working fors)
[ Post Reply | Private Reply | To 16 | View Replies]

To: blam

That is an interesting graph. Looks like the last three recessions have been a lot slower recoveries for job losses. That should “stimulate” some discussion.


24 posted on 09/07/2012 7:27:29 AM PDT by USNBandit (sarcasm engaged at all times)
[ Post Reply | Private Reply | To 20 | View Replies]

To: blam

NNnnnnoooooooooooo!!!!!!!!!!!!!!!


25 posted on 09/07/2012 7:38:41 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

If they keep this up, then a loaf of bread is going to cost $6.


26 posted on 09/07/2012 7:57:06 AM PDT by sf4dubya (I rebelled against my parents by becoming a conservative. REJECT THEN STOP SOCIALISM THIS NOV!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: chuckee

“They refuse to attack the systemic problems but rather kick the can down the road, make things worse and pray they are not sitting in the chair when hyper inflation and credit defaults set in.”

Which is what I think Hillary and Bill are banking on for 2016. I think they feel that things are inevitably going to worsen, and that they would rather sit back and position themselves as potential saviors for 2016 than to be in the chair when financial meltdown occurs.

That said, I really believe that the whole mess could turn around rapidly if Romney (or anyone who actually believes in capitalism) takes office. At that point the money on the sidelines jumps back in and things start working again.


27 posted on 09/07/2012 8:59:59 AM PDT by pieceofthepuzzle
[ Post Reply | Private Reply | To 8 | View Replies]

To: JIM O

exactly, but we all know how this media covers and lies foer their messiah and their party.
What pisses me off is that we have so many dopes that they actually think they are being told the truth about this unemployment figure, they see an AD and tey saw oh great things are better.


28 posted on 09/07/2012 9:03:26 AM PDT by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
[ Post Reply | Private Reply | To 22 | View Replies]

To: blam

Is the fed buying gold?

The good news is that any easing won’t take effect for months. Too late to help The Disaster.

He is going down like the Titanic.


29 posted on 09/07/2012 9:36:25 AM PDT by arrogantsob (Obama MUST Go. Sarah herself supports Romney.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: JIM O

Now you’re talking. Too bad you didn’t give the RATs that idea a week ago, it could have been a major plank in their platform.


30 posted on 09/07/2012 9:37:53 AM PDT by arrogantsob (Obama MUST Go. Sarah herself supports Romney.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: chuckee

Don’t bet on “hyper-inflation”. When construction is dead and housing prices not recovering there won’t be any inflation defined as a rising general price level.


31 posted on 09/07/2012 9:42:00 AM PDT by arrogantsob (Obama MUST Go. Sarah herself supports Romney.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Graewoulf; All

Issuing money by legitimate issuers has nothing to do with “counterfeiting”.


32 posted on 09/07/2012 9:43:42 AM PDT by arrogantsob (Obama MUST Go. Sarah herself supports Romney.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: blam

I have seen many predictions out there that QE3 will put us over the edge. Everybody get ready.


33 posted on 09/07/2012 9:49:31 AM PDT by catfish1957 (My dream for hope and change is to see the punk POTUS in prison for treason)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

$2,000/oz. by Xmas or Bust, Baby!


34 posted on 09/07/2012 10:23:22 AM PDT by NormsRevenge (Semper Fi)
[ Post Reply | Private Reply | To 2 | View Replies]

To: blam

1 Trillion Yuan ??

what’s that, 25 bucks? ;-)


35 posted on 09/07/2012 10:24:33 AM PDT by NormsRevenge (Semper Fi)
[ Post Reply | Private Reply | To 5 | View Replies]

To: blam

I visited a company today and they were concerned about a rumored East Coast Dockworkers strike said to be coming the end of the month. They are already experiencing delays in container availability and expect that to get worse.


36 posted on 09/07/2012 10:41:38 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
[ Post Reply | Private Reply | To 20 | View Replies]

To: blam

In other words, Obama has caught Carter, economically.


37 posted on 09/07/2012 11:46:45 AM PDT by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: arrogantsob

“Hyper-inflation” is a phenomenon in which everyone has lost faith in the currency in question and anyone who has it is trying to unload it for whatever they can get for it, leading to 100%-per-week price increases, not mere “10%-per-year” increases.

If our government keeps spending a terabuck per year that it doesn’t have, hyperinflation is coming here.


38 posted on 09/07/2012 12:00:51 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 31 | View Replies]

To: arrogantsob

” - - - nothing to do with “counterfeiting” - - - “

Really?

When the GDP is flat or negative, year to year, and some jerk-water Princeton Professor prints paper/rag “money” at a faster rate than the year before, Enema Ben is not trying for “quantitative easing,” he is just adding money with no value to a constipated system that can’t budget.

The only thing worse than a non-Goverernment counterfeiter is a Government counterfeiter.


39 posted on 09/07/2012 12:03:57 PM PDT by Graewoulf ((Traitor John Roberts' Obama"care" violates Sherman Anti-Trust Law, AND the U.S. Constitution.))
[ Post Reply | Private Reply | To 32 | View Replies]

To: Clint N. Suhks
The labor force participation rate, or the percentage of Americans who either have a job or are looking for one, fell to 63.5 percent -- the lowest since September 1981.

In other words, between the 9/11 attacks and their effects, Bush's mistakes (yes, he made some big ones), and Obama's anti-American policies, we have lost all the gains since the start of Ronald Reagan's presidency. Those who accuse Obama of being incompetent should look at Obama's goals and accomplishments. Obama is celebrating. As the community organizer says: "our plan is working!"

40 posted on 09/07/2012 12:13:48 PM PDT by Pollster1 (Freedom is never more than one generation away from extinction. - Ronald Reagan)
[ Post Reply | Private Reply | To 13 | View Replies]

To: hattend

Carter ReduX — I’m waiting for the ‘chill wind’ and wool sweaters ads.

Whatever happened to Tim Robbins anyway? Where is Sean Penn? oh wait, they have jobs.


41 posted on 09/07/2012 12:20:03 PM PDT by NormsRevenge (Semper Fi)
[ Post Reply | Private Reply | To 37 | View Replies]

Gold - COMEX

1,741.00 Up 33.10(1.94%) 3:07PM EDT


42 posted on 09/07/2012 12:22:41 PM PDT by NormsRevenge (Semper Fi)
[ Post Reply | Private Reply | To 41 | View Replies]

To: blam
QE has absolutely positively NOTHING to do with the jobs report. The sole purpose of QE is to finance government deficit spending while keeping interest rates low. If government had to compete on the open bond market in order to raise $1.5 trillion in dollars each year, every year, then they would have to set interest rates above 20%. With QE, they no longer have to entice lenders with high interest rates.

That's it in a nutshell. It's all about funding government - not fueling the economy.

43 posted on 09/07/2012 12:24:23 PM PDT by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Socialists Union backed by their fascist so called “banking” and “insurance” benefactors, haven’t got their bailout, so Qe continues until planned 2014 HillaryRomney Extortion-Care.


44 posted on 09/07/2012 12:43:28 PM PDT by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hoodat

That’s right, and that funding is flooding price pressures on all essentials, food, fuel, etc., The reason for the fascist plan and their enablers for the 2014 Extortion-Care heist of HillaryRomney.


45 posted on 09/07/2012 12:50:38 PM PDT by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
[ Post Reply | Private Reply | To 43 | View Replies]

To: Hoodat

I agree that QEW(hatever) is about funding....funding O’s campaign and paying off what few large donors they have.


46 posted on 09/07/2012 1:53:02 PM PDT by Jane Long (Soli Deo Gloria!)
[ Post Reply | Private Reply | To 43 | View Replies]

To: blam
More like 80% methinks due solely to Mr B's corrupt and disingenuous policies designed to further enslave the American taxpayer to a debt based currency system

Read The Creature from Jekyll Island . . .

47 posted on 09/07/2012 3:04:21 PM PDT by ex-Texan (The Time to "Wake Up" is Over !)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam
QE coming! Wall Street gonna be so happy!
48 posted on 09/07/2012 5:05:41 PM PDT by mcleodglen
[ Post Reply | Private Reply | To 1 | View Replies]

To: Graewoulf
BTW, isn’t counterfeiting illegal?

The government will go after you for counterfeiting in the same vein as when one mafia organization will go after another for working its home turf.

49 posted on 09/07/2012 7:34:14 PM PDT by C210N ("ask not what the candidate can do for you, ask what you can do for the candidate" (Breitbart, 2012))
[ Post Reply | Private Reply | To 10 | View Replies]

To: blam

If GS says go long, it’s time to go short.


50 posted on 09/08/2012 2:58:09 PM PDT by Rockitz (This is NOT rocket science - Follow the money and you'll find the truth.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-62 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson