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Thread: QE3

  1. #1
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    Default QE3

    It is official.

    Up to US$85 Billion per month.

    Question: If QE1 and QE2 failed, will QE3 be different?

  2. #2
    Senior Member Big Kahuna's Avatar
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    Default

    Yes, USD will go down even further....soon 1 sgd = 1 USD or maybe more.....but us product still not cheaper...

  3. #3

    Default

    Quote Originally Posted by ricohflex
    It is official.

    Up to US$85 Billion per month.

    Question: If QE1 and QE2 failed, will QE3 be different?
    What's QE3?

  4. #4

    Default Re: QE3

    QE3 will be the same . only more.
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  5. #5

    Default Re: QE3

    Quote Originally Posted by ricohflex View Post
    It is official.

    Up to US$85 Billion per month.

    Question: If QE1 and QE2 failed, will QE3 be different?
    I wouldn't say that QE1 & 2 failed. Some argue its not big enough in the first place. Which means it sustained the economy up to a certain extent.

  6. #6
    Senior Member Big Kahuna's Avatar
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    Default Re: QE3

    Quote Originally Posted by donut88 View Post
    What's QE3?
    Daughter of Queen Elizabeth II :lol:

    Just kidding....Quantitative easing....Google should get you better explanation

  7. #7

    Default Re: QE3

    Quote Originally Posted by Big Kahuna View Post
    Yes, USD will go down even further....soon 1 sgd = 1 USD or maybe more.....but us product still not cheaper...


    depends what you are getting. branded stuff?
    Objection !!!

  8. #8

    Default Re: QE3

    Waiting for the greenback to weaken further. Then buy buy buy.

    Btw, I noticed the price of some 2nd stuff in bns are going quite low while some sellers are still holding on to prices as if the market is so bullish.
    Last edited by azurebluee; 15th September 2012 at 12:27 AM.

  9. #9
    Senior Member Big Kahuna's Avatar
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    Default Re: QE3

    Quote Originally Posted by ninelives View Post
    depends what you are getting. branded stuff?
    Normally clothings stuffs for personal and software and services for company....

    Branded or not is very subjective....for example things like Coach, Levis, Ralph Laurent, Gap or even Banana Rep and AF is mid range over there but down here is like super inflated :lol:

  10. #10

    Default Re: QE3

    Quote Originally Posted by donut88 View Post
    What's QE3?
    QE3 is Queen Elizabeth.

    the current Queen Elizabeth is number 2.

    Princess Kate Middleton is slated to be Number 3.

    hence, QE3

  11. #11

    Default Re: QE3

    in any case, the foreign currencies are surging against USD . EURUSD up from 1.26 last week to 1.31xx this morning, kind of insane.
    Implications of QE: Massive liquidity in USA , which will not stimulate domestic spending and consumption to build USA jobs.

    instead this "hot money " (see my initial QE thread in Kopitiam) will cause inflation to be imported free to every country, from the good old US of A.

    I will expect Big Mac burgers to push upwareds in the range of SGD$4 each soon
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  12. #12

    Default Re: QE3

    Quote Originally Posted by Shizuma View Post
    in any case, the foreign currencies are surging against USD . EURUSD up from 1.26 last week to 1.31xx this morning, kind of insane.
    Implications of QE: Massive liquidity in USA , which will not stimulate domestic spending and consumption to build USA jobs.

    instead this "hot money " (see my initial QE thread in Kopitiam) will cause inflation to be imported free to every country, from the good old US of A.

    I will expect Big Mac burgers to push upwareds in the range of SGD$4 each soon
    Theres the $2 doublecheese burger still. Just hope they don't shrink the burgers like they did with Burger King.

  13. #13

    Default Re: QE3

    for those thinking USD will weaken significantly against SGD be reminded our MAS quite power to adjust NEER band and will not allow SGD to appreciate significantly such that SGD is "too strong " . strong domestic currency no good for economy
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  14. #14

    Default Re: QE3

    Quote Originally Posted by Shizuma View Post
    for those thinking USD will weaken significantly against SGD be reminded our MAS quite power to adjust NEER band and will not allow SGD to appreciate significantly such that SGD is "too strong " . strong domestic currency no good for economy
    Well.. they have to be cautious too. The big guns already eyeing for some action now that they have extra liquidity from QE3. If they spot too much government intervention, its Soros all over again.
    And how much firepower do they have?

  15. #15

    Default Re: QE3

    Quote Originally Posted by hanzohattori View Post
    Well.. they have to be cautious too. The big guns already eyeing for some action now that they have extra liquidity from QE3. If they spot too much government intervention, its Soros all over again.
    And how much firepower do they have?
    many citizens are wondering when they are eligible to withdraw their CPF savings...
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  16. #16
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    Default Re: QE3

    Some US banker's great idea.

    http://www.bloomberg.com/news/2012-0...r-traders.html

    Quote from Bloomberg article:

    [At least seven banks plan to let customers swap lower-rated securities that don’t meet standards in return for a loan of Treasuries or similar holdings that do qualify, a process dubbed “collateral transformation.” ]

    UnQuote


    Is collateral transformation the new poison? No wonder the US regulators cannot control them.
    Last edited by ricohflex; 17th September 2012 at 09:20 PM.

  17. #17

    Default Re: QE3

    Quote Originally Posted by ricohflex View Post
    Some US banker's great idea.

    Big Banks Hide Risk Transforming Collateral for Traders - Bloomberg

    Quote from Bloomberg article:

    [At least seven banks plan to let customers swap lower-rated securities that don’t meet standards in return for a loan of Treasuries or similar holdings that do qualify, a process dubbed “collateral transformation.” ]

    UnQuote


    Is collateral transformation the new poison? No wonder the US regulators cannot control them.
    I think thats the idea of QE, at least partly.. to get toxic assets out of the system so that financial institutions start to lend again, thus oiling the economy.

  18. #18

    Default Re: QE3

    I've seen how bomb disposal squads work, they have controlled detonation.
    what collateral transform seems to suggest is to put the suspiciously ticking object into a tupperware
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  19. #19
    Senior Member Big Kahuna's Avatar
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    Default

    I am going to Disneyland this December.....hope USD cheap cheap then.....

  20. #20
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    Default Re: QE3

    May create a false sense of prosperity. Rewind the clock to the 1920's, US folk were feeling prosperous before the 1929 crash.

    Mr X gets his worn out running shoes, bashed up Polaroid camera, some tinned food that were past expiry date from his kitchen and brings them to his bank. They do a "collateral transformation" for him. He gets a $1 Million bank loan. He goes on a spending spree. He feels rich.
    In the mean time, more paper money is printed QE1,2,3.......(4,5,6,7,8,9?)

    Multiply that by the US adult population, e.g. 250 million = $250 Trillion.

    Still, that is smaller than the derivatives market total which is about $640 Trillion.

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