Get ready for QE3
Tridion Escreveu:Os futuros estão tão verdinhos...que até fico com medo
Provávelmente o Q3 só será posto em prática se o SP500 e outros relevantes entrarem em colapso até Outubro.
Veremos é se será suficiente...
O banco central do Japão também na década de 90 baixou taxas e estimulou o mercado com medidas destas e houve determinados momentos em que foi impossivel dar-se a continuação do bull market.
Quanto mais degradadas estão as empresas mais tareia levam e mais dificil será sobreviverem sem acesso a crédito.
Decido vender a participação que tenho na Berkshire B devido a esse pormenor, caso venha de novo aos 70usd volto a comprar.
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Bernanke might not take the plunge
Aug. 29, 2012, 7:31 a.m. EDT
WASHINGTON (MarketWatch) — Ahead of a crucial speech, Federal Reserve Chairman Ben Bernanke may not be ready to take the plunge into a large-scale asset purchase program the central bank has admitted is under consideration.
That’s because he has yet to forge consensus of fellow policy makers that more purchases make sense.
“He doesn’t have the mandate to unveil or drop huge hints about quantitative easing,” said Scott Anderson, chief economist at Bank of the West in San Francisco.
For the past month, the Fed has been “like a diver eyeing the pool from the edge of the diving board, but can’t seem to get themselves to move,” Anderson said.
The market’s expectations about Fed policy has veered in recent weeks.
Prior to the central bank’s last meeting on July 31-Aug. 1, economists thought the Fed would ease.
But Bernanke & Co. took no action other than to say they were “closely monitoring” the economy.
As incoming data seemed more upbeat in the days following the decision, many Fed watchers said they thought the Fed would hold off from further easing in September. Better data raise doubts of quick Fed easing move.
But then last week, the minutes of the Fed’s meeting showed that “many” Fed officials were poised to ease. Read Fed minutes show active discussion of QE3.
Fed officials have been “all over the place” about monetary policy, said James Glassman, economist with J.P. Morgan Chase.
In light of the confusion, all eyes are on Bernanke’s remarks at 10 a.m. Eastern on Friday morning from the Fed’s summer retreat in Jackson Hole, Wyo.
“Our sense is that too many people are going in expecting too much from this speech,” said Tom Porcelli, chief U.S. economist at RBC Capital Markets.
He said he expects a speech “that’s long on talk about the options and short on timing.”
Allen Sinai, chief executive officer of Decision Economics Inc., said Bernanke will make it “crystal clear” that the Fed is going to embark on another round of easier monetary policy.
“I don’t think he will rule QE3 in or out,” Sinai said.
This might cause some disappointment to financial markets but it should be minimal given Bernanke’s pledge to act, Sinai added.
Aug. 29, 2012, 7:31 a.m. EDT
WASHINGTON (MarketWatch) — Ahead of a crucial speech, Federal Reserve Chairman Ben Bernanke may not be ready to take the plunge into a large-scale asset purchase program the central bank has admitted is under consideration.
That’s because he has yet to forge consensus of fellow policy makers that more purchases make sense.
“He doesn’t have the mandate to unveil or drop huge hints about quantitative easing,” said Scott Anderson, chief economist at Bank of the West in San Francisco.
For the past month, the Fed has been “like a diver eyeing the pool from the edge of the diving board, but can’t seem to get themselves to move,” Anderson said.
The market’s expectations about Fed policy has veered in recent weeks.
Prior to the central bank’s last meeting on July 31-Aug. 1, economists thought the Fed would ease.
But Bernanke & Co. took no action other than to say they were “closely monitoring” the economy.
As incoming data seemed more upbeat in the days following the decision, many Fed watchers said they thought the Fed would hold off from further easing in September. Better data raise doubts of quick Fed easing move.
But then last week, the minutes of the Fed’s meeting showed that “many” Fed officials were poised to ease. Read Fed minutes show active discussion of QE3.
Fed officials have been “all over the place” about monetary policy, said James Glassman, economist with J.P. Morgan Chase.
In light of the confusion, all eyes are on Bernanke’s remarks at 10 a.m. Eastern on Friday morning from the Fed’s summer retreat in Jackson Hole, Wyo.
“Our sense is that too many people are going in expecting too much from this speech,” said Tom Porcelli, chief U.S. economist at RBC Capital Markets.
He said he expects a speech “that’s long on talk about the options and short on timing.”
Allen Sinai, chief executive officer of Decision Economics Inc., said Bernanke will make it “crystal clear” that the Fed is going to embark on another round of easier monetary policy.
“I don’t think he will rule QE3 in or out,” Sinai said.
This might cause some disappointment to financial markets but it should be minimal given Bernanke’s pledge to act, Sinai added.
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Fed: Serão necessários mais estímulos caso não haja sinais de melhoria da economia
22 Agosto 2012 | 19:25
Ana Filipa Rego - arego@negocios.pt
A maior parte dos responsáveis da Reserva Federal dos EUA concordou que vão ser precisas mais medidas de estímulos em breve, a não ser que a economia mostre sinais de uma recuperação duradoura.
“Muitos membros consideraram que a política monetária acomodatícia tende a ser necessária brevemente a menos que a informação dos próximos tempos aponte para um fortalecimento do ritmo de recuperação económica substancial e sustentável”, segundo as minutas da reunião de dia 31 de Julho, citadas pela Bloomberg.
Após a reunião da Fed no mês passado, os responsáveis disseram que vão acelerar as medidas de estímulo caso seja necessário para impulsionar o crescimento e reduzir a taxa de desemprego acima dos 8% desde Fevereiro de 2009.
O presidente da Fed, Ben Bernanke vai ter uma oportunidade de clarificar o seu ponto de vista num discurso para os bancos centrais e que terá lugar dia 31 deste mês. Já os membros da Fed reúnem-se entre 12 e 13 de Setembro.
Muitos dos responsáveis da autoridade monetária disseram que um programa de compra de activos a uma escala mais alargada “poderia providenciar um apoio adicional à recuperação económica”.
22 Agosto 2012 | 19:25
Ana Filipa Rego - arego@negocios.pt
A maior parte dos responsáveis da Reserva Federal dos EUA concordou que vão ser precisas mais medidas de estímulos em breve, a não ser que a economia mostre sinais de uma recuperação duradoura.
“Muitos membros consideraram que a política monetária acomodatícia tende a ser necessária brevemente a menos que a informação dos próximos tempos aponte para um fortalecimento do ritmo de recuperação económica substancial e sustentável”, segundo as minutas da reunião de dia 31 de Julho, citadas pela Bloomberg.
Após a reunião da Fed no mês passado, os responsáveis disseram que vão acelerar as medidas de estímulo caso seja necessário para impulsionar o crescimento e reduzir a taxa de desemprego acima dos 8% desde Fevereiro de 2009.
O presidente da Fed, Ben Bernanke vai ter uma oportunidade de clarificar o seu ponto de vista num discurso para os bancos centrais e que terá lugar dia 31 deste mês. Já os membros da Fed reúnem-se entre 12 e 13 de Setembro.
Muitos dos responsáveis da autoridade monetária disseram que um programa de compra de activos a uma escala mais alargada “poderia providenciar um apoio adicional à recuperação económica”.
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AC Investor Blog Escreveu:O mercado não estava a contar ouvir mais o Q3 , por isso vamos testar novos máximos nos próximos dias IMO.
Quanto aos novos máximos, não sei, sou um mero iniciante, e quase tudo o que sei sobre a bolsa tenho aprendido aqui, graças aos vários "caldeireiros", em particular alguns com explicações bem fundamentadas como é o seu caso. Por isso, o meu obrigado.
Como o meu conhecimento "real" sobre a economia e as diversas empresas se cinge basicamente a este pequeno rectângulo que é Portugal, tenho dificuldade em "dominar" outras realidades como é os EUA.
O meu "sentimento geral" continua bear, face a diversos factores como seja o problema das dívidas soberanas de diversos países da Europa, e "modelo social" ocidental, cujas consequências e efeitos ainda estão por vir.
Espero não estar em "contra ciclo" com o mercado e deixar estes "sentimentos" que no passado me custaram algumas perdas relevantes, e aproveitar os sábios ensinamentos da AT, como sejam as linhas de tendência, suportes e resistências, interpretação de velas e sinais de inversão.
Isto sim é que é relevante para investir em bolsa!
De momento apenas tenha uma posição curta (hoje) no IBEX.
Abraço
Sérgio
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Sendo também frequente o IMHO = In my humble opinion
Fica uma lista que pode ajudar:
http://www.gaarde.org/acronyms/
Fica uma lista que pode ajudar:
http://www.gaarde.org/acronyms/
PairOfJacks
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)SergioS12 Escreveu: IMO"?
IMO = In my opinion
AC Investor Blog
www.ac-investor.blogspot.com -
Análises Técnicas de activos cotados em Wall Street. Os artigos do AC Investor podem também ser encontrados diariamente nos portais financeiros, Daily Markets, Benzinga, Minyanville, Solar Feeds e Wall Street Pit, sendo editor e contribuidor. Segue-me também no Twitter : http://twitter.com/#!/ACInvestorBlog e subscreve a minha newsletter.
www.ac-investor.blogspot.com -
Análises Técnicas de activos cotados em Wall Street. Os artigos do AC Investor podem também ser encontrados diariamente nos portais financeiros, Daily Markets, Benzinga, Minyanville, Solar Feeds e Wall Street Pit, sendo editor e contribuidor. Segue-me também no Twitter : http://twitter.com/#!/ACInvestorBlog e subscreve a minha newsletter.
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O mercado não estava a contar ouvir mais o Q3 , por isso vamos testar novos máximos nos próximos dias IMO.
AC Investor Blog
www.ac-investor.blogspot.com -
Análises Técnicas de activos cotados em Wall Street. Os artigos do AC Investor podem também ser encontrados diariamente nos portais financeiros, Daily Markets, Benzinga, Minyanville, Solar Feeds e Wall Street Pit, sendo editor e contribuidor. Segue-me também no Twitter : http://twitter.com/#!/ACInvestorBlog e subscreve a minha newsletter.
www.ac-investor.blogspot.com -
Análises Técnicas de activos cotados em Wall Street. Os artigos do AC Investor podem também ser encontrados diariamente nos portais financeiros, Daily Markets, Benzinga, Minyanville, Solar Feeds e Wall Street Pit, sendo editor e contribuidor. Segue-me também no Twitter : http://twitter.com/#!/ACInvestorBlog e subscreve a minha newsletter.
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CBO: Recession in 2013 if no action by Congress
The U.S. economy will slide into recession in 2013 if Congress fails to act to maintain current tax rates and avert deep cuts to federal spending, the Congressional Budget Office said Wednesday. Nell Henderson has details on Lunch Break.
<iframe frameborder="0" scrolling="no" width="512" height="288" src="http://live.wsj.com/public/page/embed-3285C3F3_69D9_4FE9_98A0_41494C3EE8F5.html"></iframe>
The U.S. economy will slide into recession in 2013 if Congress fails to act to maintain current tax rates and avert deep cuts to federal spending, the Congressional Budget Office said Wednesday. Nell Henderson has details on Lunch Break.
<iframe frameborder="0" scrolling="no" width="512" height="288" src="http://live.wsj.com/public/page/embed-3285C3F3_69D9_4FE9_98A0_41494C3EE8F5.html"></iframe>
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Get ready for QE3
Aug. 22, 2012, 2:13 p.m. EDT
WASHINGTON (MarketWatch) — Get ready for QE3.
Top officials of the Federal Reserve are leaning strongly in favor of a third round of bond buying by the Fed, known colloquially as QE3, according to the minutes of the Aug. 1 meeting of the Federal Open Market Committee.
Here’s the money quote from the FOMC minutes: “Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery.” Read our full news coverage of the minutes.
The economic data have stabilized since Aug. 1, but it’s not at all clear that the improvement in the economic data has been “substantial” enough to forestall further action by the Fed.
While the language in the minutes certainly doesn’t commit the Fed to QE3, the minutes do show that the Fed is predisposed to act at the Sept. 12 and 13 meeting. In the jargon of the FOMC, the term “many members” usually indicates a majority of the 12-member committee that runs U.S. monetary policy.
It’s going to be a close call. Several members of the FOMC object vehemently to any additional accommodation. Their objections? It wouldn’t have much impact on the economy; it might disrupt markets; and it could lead to financial instability and higher inflation expectations.
Those objections have not swayed the majority, however, which apparently views the benefits of doing more outweighing the costs.
According to the minutes, “many participants” said that a new large-scale asset-purchase program could “provide additional support for the economic recovery” by lowering long-term interest rates and by “contributing to easier financial conditions more broadly.” Others said that QE3 could help by boosting business and consumer confidence.
With the economy growing at a mediocre 2% annual pace, with inflation subdued and unemployment at unacceptable levels, the Fed fears that the economy is too weak to sustain another blow from outside.
And with Europe sliding toward a breakup and Congress skidding closer to the fiscal cliff, the odds of another economic shock are rising daily.
— Rex Nutting
http://www.marketwatch.com/story/get-re ... 2012-08-22
Aug. 22, 2012, 2:13 p.m. EDT
WASHINGTON (MarketWatch) — Get ready for QE3.
Top officials of the Federal Reserve are leaning strongly in favor of a third round of bond buying by the Fed, known colloquially as QE3, according to the minutes of the Aug. 1 meeting of the Federal Open Market Committee.
Here’s the money quote from the FOMC minutes: “Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery.” Read our full news coverage of the minutes.
The economic data have stabilized since Aug. 1, but it’s not at all clear that the improvement in the economic data has been “substantial” enough to forestall further action by the Fed.
While the language in the minutes certainly doesn’t commit the Fed to QE3, the minutes do show that the Fed is predisposed to act at the Sept. 12 and 13 meeting. In the jargon of the FOMC, the term “many members” usually indicates a majority of the 12-member committee that runs U.S. monetary policy.
It’s going to be a close call. Several members of the FOMC object vehemently to any additional accommodation. Their objections? It wouldn’t have much impact on the economy; it might disrupt markets; and it could lead to financial instability and higher inflation expectations.
Those objections have not swayed the majority, however, which apparently views the benefits of doing more outweighing the costs.
According to the minutes, “many participants” said that a new large-scale asset-purchase program could “provide additional support for the economic recovery” by lowering long-term interest rates and by “contributing to easier financial conditions more broadly.” Others said that QE3 could help by boosting business and consumer confidence.
With the economy growing at a mediocre 2% annual pace, with inflation subdued and unemployment at unacceptable levels, the Fed fears that the economy is too weak to sustain another blow from outside.
And with Europe sliding toward a breakup and Congress skidding closer to the fiscal cliff, the odds of another economic shock are rising daily.
— Rex Nutting
http://www.marketwatch.com/story/get-re ... 2012-08-22
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More Easing Warranted Unless Economy Improves: Fed
Published: Wednesday, 22 Aug 2012 | 2:05 PM ET Text Size
By: Reuters
The Federal Reserve is likely to deliver another round of monetary stimulus "fairly soon" unless the economy improves considerably, minutes from the central bank's August meeting show.
Federal Reserve headquarters
While the meeting was held before a recent improvement in the economic data, including a stronger-than-expected July reading for U.S. employment, policymakers were pretty categorical about their dissatisfaction with the current outlook.
Following the release, U.S. stocks pared losses, and U.S. Treasury debt prices extended price gains.
"Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery," the Fed said in minutes to its July 31-Aug. 1 meeting.
Fed officials saw significant risks to an already weak U.S. economy, which grew at a sluggish 1.5 percent annual rate in the second quarter. The risks include a worsening of Europe's financial strains and the looming U.S. budget cuts and tax hikes, which have become commonly known as the fiscal cliff.
Many Fed officials supported extending the central bank's guidance for the likely timing of an eventual interest rate hike, currently set at late 2014, further into the future. But they decided to defer the decision to the Fed's Sept. 12-13 meeting, when the central bank will release a new round of economic forecasts.
Officials also actively debated and tested the possibility of developing a consensus Fed forecast.
A couple of policymakers favored lowering the rate the Fed pays banks to park their excess reserves at the central bank, currently at 0.25 percent. But several participants worried that money market funds could run into trouble if their returns are crimped further.
Published: Wednesday, 22 Aug 2012 | 2:05 PM ET Text Size
By: Reuters
The Federal Reserve is likely to deliver another round of monetary stimulus "fairly soon" unless the economy improves considerably, minutes from the central bank's August meeting show.
Federal Reserve headquarters
While the meeting was held before a recent improvement in the economic data, including a stronger-than-expected July reading for U.S. employment, policymakers were pretty categorical about their dissatisfaction with the current outlook.
Following the release, U.S. stocks pared losses, and U.S. Treasury debt prices extended price gains.
"Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery," the Fed said in minutes to its July 31-Aug. 1 meeting.
Fed officials saw significant risks to an already weak U.S. economy, which grew at a sluggish 1.5 percent annual rate in the second quarter. The risks include a worsening of Europe's financial strains and the looming U.S. budget cuts and tax hikes, which have become commonly known as the fiscal cliff.
Many Fed officials supported extending the central bank's guidance for the likely timing of an eventual interest rate hike, currently set at late 2014, further into the future. But they decided to defer the decision to the Fed's Sept. 12-13 meeting, when the central bank will release a new round of economic forecasts.
Officials also actively debated and tested the possibility of developing a consensus Fed forecast.
A couple of policymakers favored lowering the rate the Fed pays banks to park their excess reserves at the central bank, currently at 0.25 percent. But several participants worried that money market funds could run into trouble if their returns are crimped further.
- Mensagens: 35428
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Get ready for QE3
Os states começaram logo a bombar...
U.S. Fed ready to ease "fairly soon," minutes show
22 Agosto 2012
WASHINGTON (Reuters) - The Federal Reserve is likely to deliver another round of monetary stimulus "fairly soon" unless the economy improves considerably, minutes from the central bank's August meeting show.
While the meeting was held before a recent improvement in the economic data, including a stronger-than-expected July reading for U.S. employment, policymakers were pretty categorical about their dissatisfaction with the current outlook.
"Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery," the Fed said in minutes to its July 31-August 1 meeting.
Fed officials saw significant risks to an already weak U.S. economy, which grew at a sluggish 1.5 percent annual rate in the second quarter. The risks include a worsening of Europe's financial strains and the looming U.S. budget cuts and tax hikes, which have become commonly known as a fiscal cliff.
Many Fed officials supported extending the central bank's guidance for the likely timing of an eventual interest rate hike, currently set at late 2014, further into the future. But they decided to defer the decision to the Fed's September 12-13 meeting, when the central bank will release a new round of economic forecasts.
Officials also actively debated and tested the possibility of developing a consensus Fed forecast.
A couple of policymakers favored lowering the rate the Fed pays banks to park their excess reserves at the central bank, currently at 0.25 percent. But several participants worried that money market funds could run into trouble if their returns are crimped further.
(Editing by Neil Stempleman)
Editado pela última vez por Elias em 22/8/2012 19:53, num total de 2 vezes.
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