Not necessarily, even though the oil curve is in contango until April 2013 we could still see inventories build up, the white house could also hit the SPR with the election coming up.

The dollar will depend on what the ECB does as well, not just this announcement. The US is far from a closed economy. Its actually a non fact that the dollar has depreciated since the QEs started, its actually appreciated against other currencies.

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Posted by Janky

Team Primo

Member since Jun 2011

35957 posts

Posted on 9/13/12 at 11:59 am to BennyAndTheInkJets

quote:
Its actually a non fact that the dollar has depreciated since the QEs started, its actually appreciated against other currencies.

Is this due to the tallest midget in the room scenario? Meaning we are weak, but less weak compared to others?

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Posted by Interception

Member since Nov 2008

11089 posts

Posted on 9/13/12 at 12:05 pm to BennyAndTheInkJets

What is the end game?

A while back I read something about the FED working a policy of opened ended asset purchases until either Unemployment drops below under 7% or Inflation moves above 3%.

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Posted by AUtigerNOLA

New Orleans, LA

Member since Apr 2011

17107 posts

Posted on 9/13/12 at 12:46 pm to BennyAndTheInkJets

quote:
Its actually a non fact that the dollar has depreciated since the QEs started, its actually appreciated against other currencies.

I feel like it has appreciated against other currencies like the Euro(although the euro is worth more but has dropped considerably since last year) because of the Eurocrisis. I thought QE is artifically stimulating the economy. Are they not pumping more money in the economy? Because if so the dolllar goes down, as Im sure most on here know. The plan is for them to buy up $40 bill of mortgaged back securties. With what? Bonds?

This post was edited on 9/13/12 at 12:48 pm

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