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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
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To: blam

Bump so I can find this later.


21 posted on 09/07/2012 6:40:00 AM PDT by LuvFreeRepublic
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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
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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)
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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)
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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)
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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!)
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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
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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)
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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.)
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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.)
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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.)
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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.)
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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)
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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)
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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)
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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))
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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.)
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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.)
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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.))
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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)
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