QE3
- Thread starter ricohflex
- Start date
Yes, USD will go down even further....soon 1 sgd = 1 USD or maybe more.....but us product still not cheaper...
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.
Daughter of Queen Elizabeth II :lol:
Just kidding....Quantitative easing....Google should get you better explanation
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.
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.
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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:
QE3 is Queen Elizabeth.
the current Queen Elizabeth is number 2.
Princess Kate Middleton is slated to be Number 3.
hence, 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
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
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.
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...
Some US banker's great idea.
http://www.bloomberg.com/news/2012-...risk-transforming-collateral-for-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.
http://www.bloomberg.com/news/2012-...risk-transforming-collateral-for-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.
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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.
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.
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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