{"id":5326,"date":"2012-08-22T22:22:11","date_gmt":"2012-08-23T02:22:11","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5326"},"modified":"2012-08-22T22:22:11","modified_gmt":"2012-08-23T02:22:11","slug":"when-will-the-fed-qe","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/22\/when-will-the-fed-qe\/","title":{"rendered":"When will the Fed QE?"},"content":{"rendered":"<p>Is the Fed likely to introduce new asset purchases before or after the November election? Peter Boockvar at <a title=\"The Big Picture\" href=\"http:\/\/www.ritholtz.com\/blog\/2012\/08\/fomc-to-discuss-again-in-sept-but-more-qe-likely\/?utm_source=feedburner&amp;utm_medium=email&amp;utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29\" target=\"_blank\">The Big Pictur<\/a>e writes:<\/p>\n<blockquote><p>Bottom line, of the 10 voting FOMC members, 8 are doves so it will always be the case that \u201cmany\u201d are ready for more QE if need be. The hawks are few and far between. I stick to my belief that more QE is coming on Sept 13th as the Oct meeting is too close to the election and Bernanke won\u2019t act in Dec if Romney wins. This could be his last chance for a while and Ben still seems to believe in the pixie dust of QE.<\/p><\/blockquote>\n<p><a title=\"CNBC\" href=\"http:\/\/www.cnbc.com\/id\/48735251\" target=\"_blank\">CNBC reports<\/a> Nomura&#8217;s Bob Janjuah is predicting more quantitative easing from the Federal Reserve in December.<\/p>\n<blockquote><p>Those hoping for a big bazooka from the Fed or the European Central Bank before December will be disappointed, [Janjuah] said.<\/p><\/blockquote>\n<p>My view is that September is too soon: the Fed is likely to hold off until after the election unless the situation gets desperate. And December is too soon afterwards. Early 2013 seems a safer bet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is the Fed likely to introduce new asset purchases before or after the November election? Peter Boockvar at The Big Picture writes: Bottom line, of the 10 voting FOMC members, 8 are doves so it will always be the case that \u201cmany\u201d are ready for more QE if need be. The hawks are few and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/22\/when-will-the-fed-qe\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;When will the Fed QE?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,34],"tags":[1352,2831],"class_list":["post-5326","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-us-canada-countries-regions","tag-fed","tag-quantitative-easing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>When will the Fed QE? - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When will the Fed QE? - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Is the Fed likely to introduce new asset purchases before or after the November election? Peter Boockvar at The Big Picture writes: Bottom line, of the 10 voting FOMC members, 8 are doves so it will always be the case that \u201cmany\u201d are ready for more QE if need be. The hawks are few and &hellip; Continue reading &quot;When will the Fed QE?&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/22\/when-will-the-fed-qe\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-08-23T02:22:11+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/08\\\/22\\\/when-will-the-fed-qe\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/08\\\/22\\\/when-will-the-fed-qe\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"When will the Fed QE?\",\"datePublished\":\"2012-08-23T02:22:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/08\\\/22\\\/when-will-the-fed-qe\\\/\"},\"wordCount\":186,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"keywords\":[\"Fed\",\"quantitative easing\"],\"articleSection\":[\"Banks &amp; Interest Rates\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/08\\\/22\\\/when-will-the-fed-qe\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/08\\\/22\\\/when-will-the-fed-qe\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/08\\\/22\\\/when-will-the-fed-qe\\\/\",\"name\":\"When will the Fed QE? - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2012-08-23T02:22:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/08\\\/22\\\/when-will-the-fed-qe\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/08\\\/22\\\/when-will-the-fed-qe\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/08\\\/22\\\/when-will-the-fed-qe\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"When will the Fed QE?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\\\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.\",\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/people\\\/The-Patient-Investor\\\/61572934660810\\\/\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\",\"https:\\\/\\\/au.linkedin.com\\\/in\\\/colintwiggs\"],\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/author\\\/investor\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"When will the Fed QE? - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"When will the Fed QE? - the patient investor","og_description":"Is the Fed likely to introduce new asset purchases before or after the November election? Peter Boockvar at The Big Picture writes: Bottom line, of the 10 voting FOMC members, 8 are doves so it will always be the case that \u201cmany\u201d are ready for more QE if need be. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-1nU","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":5366,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/03\/the-fed-and-the-impact-of-qe\/","url_meta":{"origin":5326,"position":0},"title":"The Fed and the impact of QE","author":"Colin Twiggs","date":"September 3, 2012","format":false,"excerpt":"Unless the Fed announces a new round of quantitative easing before the November election, I do not see the S&P 500 this year advancing past its 2007 high of 1560. The market generally overreacts to balance sheet expansion by the Fed, anticipating higher inflation. What it seems to overlook is\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4694,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/24\/quantitative-easing-and-the-lack-of-responses-in-bond-yields\/","url_meta":{"origin":5326,"position":1},"title":"Quantitative easing and the (lack of) responses in bond yields","author":"Colin Twiggs","date":"June 24, 2012","format":false,"excerpt":"...When the Fed was performing quantitative easing, treasury yields rose as the economy recovered and inflation expectation rose. On the other hand, treasury yields fall when the Fed was not performing quantitative easing as the period without quantitative easing coincided with the weakening of the economy as well as the\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3500,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/15\/qe3-wall-streets-biggest-fantasy-wsj-com\/","url_meta":{"origin":5326,"position":2},"title":"QE3 &#8211; Wall Street&#8217;s biggest fantasy? | WSJ.com","author":"ColinTwiggs","date":"February 15, 2012","format":false,"excerpt":"WSJ.com - Mean Street [gigya src=\"http:\/\/s.wsj.net\/media\/swf\/VideoPlayerMain.swf\" bgcolor=\"#FFFFFF\" flashVars=\"videoGUID={E5C1EE90-81B3-4ECC-900E-15DFDDD03B57}&playerid=1000&plyMediaEnabled=1&configURL=http:\/\/wsj.vo.llnwd.net\/o28\/players\/&autoStart=false\" base=\"http:\/\/s.wsj.net\/media\/swf\/\" name=\"flashPlayer\" width=\"512\" height=\"363\" seamlesstabbing=\"false\"] Steven Russolillo discusses the prospects of another round of quantitative easing by the Federal Reserve based on recent comments by Dallas Fed Chief Richard Fisher.","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8778,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/11\/22\/why-does-qe-taper-spook-the-market-if-it-will-have-no-real-impact\/","url_meta":{"origin":5326,"position":3},"title":"Why does QE taper spook the market if it will have no real impact?","author":"ColinTwiggs","date":"November 22, 2013","format":false,"excerpt":"Question received from CG about the impact of QE and Fed taper: I'm not arguing against the data presented on the graph, but if true that most of the QE bond purchases are being parked by banks in interest-bearing, excess reserve deposits at the Fed, why do the markets get\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"US Household Debt","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-18-us-excsresns.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-18-us-excsresns.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-18-us-excsresns.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":7851,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/03\/impact-of-qe-or-lack-thereof-is-reflected-by-excess-reserves\/","url_meta":{"origin":5326,"position":4},"title":"Impact of QE (or lack thereof) is reflected by excess reserves","author":"ColinTwiggs","date":"June 3, 2013","format":false,"excerpt":"JKH at Monetary Realism writes: ....there is a systematic tendency in the blogosphere and elsewhere to misrepresent the impact of QE in a particular way in terms of the related macroeconomic flow of funds...... Most descriptions will erroneously treat the macro flow as if banks were the original portfolio source\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1295,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/12\/fed-minutes-some-favored-bolder-action-wsj-com\/","url_meta":{"origin":5326,"position":5},"title":"Fed Minutes: Some Favored Bolder Action &#8211; WSJ.com","author":"ColinTwiggs","date":"October 12, 2011","format":false,"excerpt":"\"A number\" of Fed officials taking part in the meeting thought that buying more securities would be \"a more potent tool that should be retained as an option in the event that further policy action to support a stronger economic recovery was warranted,\" the minutes showed. via Fed Minutes: Some\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5326"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5326\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}