{"id":6468,"date":"2012-12-12T18:00:02","date_gmt":"2012-12-12T23:00:02","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6468"},"modified":"2012-12-12T18:00:02","modified_gmt":"2012-12-12T23:00:02","slug":"risk-seen-in-fed-bond-buying-wsj-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/12\/risk-seen-in-fed-bond-buying-wsj-com\/","title":{"rendered":"Risk Seen in Fed Bond Buying &#124; WSJ.com"},"content":{"rendered":"<p>KRISTINA PETERSON at WSJ writes:<\/p>\n<blockquote style=\"background-color:#ddddff;\"><p>The Federal Reserve should stop buying bonds, even as the central bank is poised to purchase more, according to a narrow majority of economists in a new survey by The Wall Street Journal&#8230;&#8230;&#8221;It&#8217;s distorting market prices and creating problems in the future,&#8221; said John Silvia, chief economist at Wells Fargo Securities, who said the Fed&#8217;s bond-buying was making long-term Treasurys too expensive without significantly easing problems in the labor market. &#8220;The Fed needs to back away and let interest rates rise just a little bit,&#8221; he said.<\/p><\/blockquote>\n<p>If past performance is anything to go by, Fed quantitative easing (or bond buying) is ineffectual in lifting the employment rate. And the lower that they drive bond yields, the greater the backlash when yields eventually rise. Yields are likely to spike up rapidly as bond-holders attempt to offload positions in order to avoid massive capital losses.<\/p>\n<p>via <a href='http:\/\/professional.wsj.com\/article\/SB10001424127887324024004578173433710710350.html'>Risk Seen in Fed Bond Buying &#8211; WSJ.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KRISTINA PETERSON at WSJ writes: The Federal Reserve should stop buying bonds, even as the central bank is poised to purchase more, according to a narrow majority of economists in a new survey by The Wall Street Journal&#8230;&#8230;&#8221;It&#8217;s distorting market prices and creating problems in the future,&#8221; said John Silvia, chief economist at Wells Fargo &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/12\/risk-seen-in-fed-bond-buying-wsj-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Risk Seen in Fed Bond Buying &#124; WSJ.com&#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":[449,466,1352,2831],"class_list":["post-6468","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-us-canada-countries-regions","tag-blance-sheet-expansion","tag-bond-buying","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>Risk Seen in Fed Bond Buying &#124; WSJ.com - 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=\"Risk Seen in Fed Bond Buying &#124; WSJ.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"KRISTINA PETERSON at WSJ writes: The Federal Reserve should stop buying bonds, even as the central bank is poised to purchase more, according to a narrow majority of economists in a new survey by The Wall Street Journal&#8230;&#8230;&#8221;It&#8217;s distorting market prices and creating problems in the future,&#8221; said John Silvia, chief economist at Wells Fargo &hellip; Continue reading &quot;Risk Seen in Fed Bond Buying &#124; WSJ.com&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/12\/risk-seen-in-fed-bond-buying-wsj-com\/\" \/>\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=\"2012-12-12T23:00:02+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\\\/12\\\/12\\\/risk-seen-in-fed-bond-buying-wsj-com\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/12\\\/12\\\/risk-seen-in-fed-bond-buying-wsj-com\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Risk Seen in Fed Bond Buying &#124; 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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. 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A bond buying program the Fed completed in June was widely criticized\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":3754,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/07\/fed-weighs-sterilized-bond-buying-if-it-acts-wsj-com\/","url_meta":{"origin":6468,"position":1},"title":"Fed Weighs &#8216;Sterilized&#8217; Bond Buying if It Acts &#8211; WSJ.com","author":"ColinTwiggs","date":"March 7, 2012","format":false,"excerpt":"JON HILSENRATH: Federal Reserve officials are considering a new type of bond-buying program designed to subdue worries about future inflation if they decide to take new steps to boost the economy in the months ahead. Under the new approach, the Fed would print new money to buy long-term mortgage or\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":6468,"position":2},"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":5321,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/22\/fed-minutes-suggest-action-likely-wsj-com\/","url_meta":{"origin":6468,"position":3},"title":"Fed Minutes Suggest Action Likely &#8211; WSJ.com","author":"Colin Twiggs","date":"August 22, 2012","format":false,"excerpt":"By JON HILSENRATH And KRISTINA PETERSONThe Federal Reserve sent its strongest signal yet that it is preparing to take new steps to bolster the recovery, saying that measures would be needed fairly soon unless economic growth picks up substantially.The statement was included in minutes released Wednesday from the Fed's July\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":3227,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/04\/big-banks-see-better-than-5050-odds-of-qe3-real-time-economics-wsj\/","url_meta":{"origin":6468,"position":4},"title":"Big Banks See Better Than 50\/50 Odds of QE3 &#8211; Real Time Economics &#8211; WSJ","author":"ColinTwiggs","date":"January 4, 2012","format":false,"excerpt":"Wall Street\u2019s biggest banks expect the Federal Reserve\u2018s 0% interest rates to persist into at least 2014, and see good odds the Fed will provide additional stimulus to the economy in the near term, according to a Federal Reserve Bank of New York survey of primary dealers. .....The median expectation\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":3730,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/05\/morgan-stanley-still-expects-qe3-this-year-wsj\/","url_meta":{"origin":6468,"position":5},"title":"Morgan Stanley Still Expects QE3 This Year &#8211; WSJ","author":"ColinTwiggs","date":"March 5, 2012","format":false,"excerpt":"\u201cFor some time, our call has been that the Federal Reserve will undertake additional balance-sheet action in the first half of 2012,\u201d writes Vincent Reinhart, an economist with the bank and a former top-level Fed staffer. He argues it\u2019s most likely the Fed will act to expand its balance sheet\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\/6468","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=6468"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6468\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}