You Better Fill Up The Gas Tanks Boys And Girls Because Gas Prices Are Headed UP

[FaninAma]

http://finance.yahoo.com/blogs/daily-ticker/bernanke-bazooka-open-ended-qe3-very-aggressive-says-173314037.html;_ylt=AjNQihGt9zq8jf7UZkVu4JKiuYdG;_ ylu=X3oDMTQzNTlvNGFmBG1pdANGaW5hbmNlIEZQIEp1bWJvdH JvbiBMaXRlBHBrZwM3MjYxMTNiOC01MGQ1LTNiMDEtOWU2ZS05 ZDFiYjA1MzM4NGQEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDMW QwODFiYjAtZmRjOS0xMWUxLWEzYmQtNGQ3ZWFmYjY2NjRm;_yl g=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3Rh aWQDBH
BzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3 (http://finance.yahoo.com/blogs/daily-ticker/bernanke-bazooka-open-ended-qe3-very-aggressive-says-173314037.html;_ylt=AjNQihGt9zq8jf7UZkVu4JKiuYdG;_ ylu=X3oDMTQzNTlvNGFmBG1pdANGaW5hbmNlIEZQIEp1bWJvdH JvbiBMaXRlBHBrZwM3MjYxMTNiOC01MGQ1LTNiMDEtOWU2ZS05 ZDFiYjA1MzM4NGQEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDMW QwODFiYjAtZmRjOS0xMWUxLWEzYmQtNGQ3ZWFmYjY2NjRm;_yl g=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3Rh aWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3)

Bernanke has been nicknamed "Helicopter Ben" because of a quip he made about dropping cash from a helicopter to avoid deflation. Everybody thought he was joking. Well, apparently the joke is on us. LOL.

Oil will now go higher. Food prices will go higher. Commodities will go higher.

But by gawd, the stock market won't fall.

Enjoy.

[StoopTroup]

I filled up yesterday. $3.49 per gallon.

[8timechamps]

Bernanke has been nicknamed "Helicopter Ben" because of a quip he made about dropping cash from a helicopter to avoid deflation. Everybody thought he was joking. Well, apparently the joke is on us. LOL.

Oil will now go higher. Food prices will go higher. Commodities will go higher.

But by gawd, the stock market won't fall.

Enjoy.

Promise?

[FaninAma]

Promise?


I am pretty sure Ben will debase our currency by printing to the point we will resemble the Weimar Republic just to keep the stock market from falling.

Of the bankers/Wall Street, By the bankers/Wall Street, For the bankers/Wall Street.

The new preamable of our Constitution.

[FaninAma]

Reading between the lines of this move it is obvious that the Federal Reserve is very nervous about the economy....I am talking mega-depression type worried. They are in unchartered territory now. This kind of direct stimulus has never been tried before. Essentially what Bernanke is saying is that he is willing to settle for a high rate of inflation to avoid a debt collapse(deflation).

I wonder what kind of numbers these eggheads are looking at behind closed doors. The fact that the board of governors voted 11-1 to do this massive liquidity injection means that they must have been pretty concerned about what would happen if they didn't do it. I do think the markets would have fallen by 6 to 7% if they had not taken any action.

[SanJoaquinSooner]

http://finance.yahoo.com/blogs/daily-ticker/bernanke-bazooka-open-ended-qe3-very-aggressive-says-173314037.html;_ylt=AjNQihGt9zq8jf7UZkVu4JKiuYdG;_ ylu=X3oDMTQzNTlvNGFmBG1pdANGaW5hbmNlIEZQIEp1bWJvdH JvbiBMaXRlBHBrZwM3MjYxMTNiOC01MGQ1LTNiMDEtOWU2ZS05 ZDFiYjA1MzM4NGQEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDMW QwODFiYjAtZmRjOS0xMWUxLWEzYmQtNGQ3ZWFmYjY2NjRm;_yl g=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3Rh aWQDBH
BzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3 (http://finance.yahoo.com/blogs/daily-ticker/bernanke-bazooka-open-ended-qe3-very-aggressive-says-173314037.html;_ylt=AjNQihGt9zq8jf7UZkVu4JKiuYdG;_ ylu=X3oDMTQzNTlvNGFmBG1pdANGaW5hbmNlIEZQIEp1bWJvdH JvbiBMaXRlBHBrZwM3MjYxMTNiOC01MGQ1LTNiMDEtOWU2ZS05 ZDFiYjA1MzM4NGQEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDMW QwODFiYjAtZmRjOS0xMWUxLWEzYmQtNGQ3ZWFmYjY2NjRm;_yl g=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3Rh aWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3)

Bernanke has been nicknamed "Helicopter Ben" because of a quip he made about dropping cash from a helicopter to avoid deflation. Everybody thought he was joking. Well, apparently the joke is on us. LOL.

Oil will now go higher. Food prices will go higher. Commodities will go higher.

But by gawd, the stock market won't fall.

Enjoy.

I didn't see anything in the article about gasoline prices.

[FaninAma]

I didn't see anything in the article about gasoline prices.

Use your imagination or power of deductive reasoning. If you disagree that the Fed stimulus will lead to increased commodity prices we can discuss that.

I will say this. If we do not see inflation with this policy it means it was an abysmal failure because it would indicate that all of the additional stimulus is being chewed up in a deflationary spiral that is quickly becoming a black hole.
Just imagine Capt. Kirk ordering Scotty to increase the USS Enterprise's power in an attempt to escape from a nearby black hole but no matter how much they juice up the warp engines they keep getting sucked in aand now their dilithium crystals are starting to detriorate.

It is at this point that Scotty comes up with an ingenious plan to set off an anti-matter bomb to hurl them away from the gravitational clutches of the black hole. Maybe Benrnake has an equivalent weapon to the anti-matter bomb but I can't imagine what it would be. Maybe he could write everybody a check for a million bucks. Who knows.

[StoopTroup]

I'm gonna start stock piling necessities and dig in.

[8timechamps]

Reading between the lines of this move it is obvious that the Federal Reserve is very nervous about the economy....I am talking mega-depression type worried. They are in unchartered territory now. This kind of direct stimulus has never been tried before. Essentially what Bernanke is saying is that he is willing to settle for a high rate of inflation to avoid a debt collapse(deflation).

I wonder what kind of numbers these eggheads are looking at behind closed doors. The fact that the board of governors voted 11-1 to do this massive liquidity injection means that they must have been pretty concerned about what would happen if they didn't do it. I do think the markets would have fallen by 6 to 7% if they had not taken any action.

I'm not as worried about the dropping of the rate. What worries me is the continued buy-back of the mortgaged-backed securities. I think it sends a message to Wall Street that they can keep coming up with crazy investments, because if nothing else, the government will buy 'em.

[Sooner5030]

I'm stocking up on Tampons, Crown, and Cigs.

I'll drink the crown to deal with reality and then barter with the Tampons and Cigs.

Somebody got a chart for the change of M2 over the last 5 years?

[StoopTroup]

How deep do I have to bury gold so that you cant find it with a really good metal detector?

[Sooner5030]

How deep do I have to bury gold so that you cant find it with a really good metal detector?

we answered this back during QE2. pay tention.

[StoopTroup]

Crap. Now what do I do? ROTF

[C&CDean]

Greg. In a contest between you and Fanin - I mean in terms of who knows WTF is going on in the world of high finance? He wins in a landslide. Not even close.

He's my ex-business partner and one of my dearest friends. You're one of my dearest friends. You're both my dear friends, however, for whatever reason you've become an out of touch liberal (seriously, wtf happened?). Anyhow, there's only 1 person on this planet I'd take financial advice from. And that's Steve. I mean he's an MD, and I'm not gonna hold that against him; but the man is a ****ing financial genius. Listen to whatever the eff he says (if you play the common markets and crap). (I have no clue what the "common markets" is but I trust Steve's advice if I was a ****ing idiot playing the "common markets.")

Anyhow, all that bull**** aside, rising gas prices ain't a joke.


Soooo, buy gold?

[StoopTroup]

Greg. In a contest between you and Fanin - I mean in terms of who knows WTF is going on in the world of high finance? He wins in a landslide. Not even close.

He's my ex-business partner and one of my dearest friends. You're one of my dearest friends. You're both my dear friends, however, for whatever reason you've become an out of touch liberal (seriously, wtf happened?). Anyhow, there's only 1 person on this planet I'd take financial advice from. And that's Steve. I mean he's an MD, and I'm not gonna hold that against him; but the man is a ****ing financial genius. Listen to whatever the eff he says (if you play the common markets and crap). (I have no clue what the "common markets" is but I trust Steve's advice if I was a ****ing idiot playing the "common markets.")

Anyhow, all that bull**** aside, rising gas prices ain't a joke.


Soooo, buy gold?

You absolutely are very wrong about a lot of things Dean. But it's OK. I have never really allowed you to be a very close friend. It's fantastic that you and Fan are great buddies. I have a few of my own.

Think what you want. I'm not participating in your "Who's Dick is bigger routine".

BTW...I think he's right about Bernake I have no idea where you pulled that **** out of your ***.

[Sooner5030]

Our entire society has become addicted to intervention...not just by the government but now the central banking system. Always looking for that magical cure in a pill.

[FaninAma]

Dean, I don't know what to say and at the risk of being told to get a room and that we have a bro-mance you know how we feel about you and Lisa. Maybe it's because you and I understand we share the common bond that we both married up way above our pay grade.

Really, if I had to show anybody how they should get prepared for inflation or deflation I would point them your way. I think once the smoke clears you are going to be shocked what your assets are worth. The man with a plan. Everybody needs one right now.....a plan that is.

Need to get by to see you guys but with all the moinlighting in Ft. Worth I am working about 220 to 230 hours a month and 3 out 4 weekends . I do have time during the slow parts of my shifts to hit the boards.

BTW. When does Luke head out to Afghanistan? Jill and I talk about that every day and we need you to tell him how much Jill, I and the girls admire what he is doing and that we are looking forward to his safe return.

I didn't mean to go on this long. will you shoot me your cell phone number? I don't know if I have your most recent one.

[XingTheRubicon]

Greg. In a contest between you and Fanin - I mean in terms of who knows WTF is going on in the world of high finance? He wins in a landslide. Not even close.

He's my ex-business partner and one of my dearest friends. You're one of my dearest friends. You're both my dear friends, however, for whatever reason you've become an out of touch liberal (seriously, wtf happened?). Anyhow, there's only 1 person on this planet I'd take financial advice from. And that's Steve. I mean he's an MD, and I'm not gonna hold that against him; but the man is a ****ing financial genius. Listen to whatever the eff he says (if you play the common markets and crap). (I have no clue what the "common markets" is but I trust Steve's advice if I was a ****ing idiot playing the "common markets.")

Anyhow, all that bull**** aside, rising gas prices ain't a joke.


Soooo, buy gold?


Wasn't there a thread in 2006? or so that Fanin went on and on about the housing bubble and the banks going tits up and most were arguing with him that it wasn't going to be that bad...and then everything kinda, you know went tits up...

and then there was a thread in 2008 that said "Hey, I guess Fanin was right"


I guess I'll go look



EDIT: OK, here it is http://www.soonerfans.com/forums/showthread.php?97509-Blood-Bath-On-Wall-Street-Chapter-2&highlight=faninama+housing+bubble

[FaninAma]

Wholesale inflation for the month of August 1.7%.
http://www.nasdaq.com/article/us-producer-prices-jump-17-20120913-00662

Good news if you have hard assets like land. Bad news if you need to eat and drive.

So should it be considered a conflict of interest if the Fed is buying mortgage securities while at the same time trying to inflate the value those securities by keeping interest
rates ridiculously low?

[StoopTroup]

BTW Fan. I don't know why he took my responses like he did but hey he's allowed to them.

As far as mine above....I have never felt that we had much control over any of which you speak and it's why I got out of it. It's great you have devoted your life and helped guys like Dean.

I saw a quote from Mark Cuban on Bill Maher the last time he was on and I really thought he nailed it. He was saying that he didn't suddenly quit starting businesses because of who was in office or what the price of gas was. He isn't everyone's cup of tea I know but he is someone who has continued to reinvent himself whether or not some people thought he was crazy as hell to do so.

I get where you are coming from but I have some years under my belt just like Dean and you and I'm not gonna fold my cards in the face of high gas prices. If I had to run a tractor and it cut into my profits for every hay bale I sell....I would be upset. Thankfully I didn't strangle myself in such a high risk venture. I had enough baling hay with my Grandfather and my Uncle growing up that I figured I better go do something else. I thought that was Accounting and Finance for awhile and after that I went onto something I wasn't really sure I could do and I really feel that right now....I'm pretty proud of what I have accomplished and I'm pretty damn happy. Now....if I won the lotto...I'd be pretty happy too but I realize I have a better chance of getting hit by lightning. That said...I still buy a ticket every so often.

Thanks for helping my friend Dean.

[XingTheRubicon]

http://imageshack.us/a/img839/1051/photo0714070041.jpg (http://imageshack.us/photo/my-images/839/photo0714070041.jpg/)

[FaninAma]

I'm not as worried about the dropping of the rate. What worries me is the continued buy-back of the mortgaged-backed securities. I think it sends a message to Wall Street that they can keep coming up with crazy investments, because if nothing else, the government will buy 'em.

In his press conference Bernanke stated he really didn't give a damn about savers and people on fixed incomes. I think he couched it in terms of it being worth the cost to those groups to optimize opportunities in other areas(i.e.the equity and housing markets).

[StoopTroup]

Wasn't there a thread in 2006? or so that Fanin went on and on about the housing bubble and the banks going tits up and most were arguing with him that it wasn't going to be that bad...and then everything kinda, you know went tits up...

and then there was a thread in 2008 that said "Hey, I guess Fanin was right"


I guess I'll go look



EDIT: OK, here it is http://www.soonerfans.com/forums/showthread.php?97509-Blood-Bath-On-Wall-Street-Chapter-2&highlight=faninama+housing+bubble


Some how the sun rose today....I just don't know how that happens. LOL.

http://weblinksgroup.com/casinouserguide/wp-content/uploads/mvbthumbs/img_79_hellmuth-72-bluff-funny-poker-hand.jpg

[StoopTroup]

In his press conference Bernanke stated he really didn't give a damn about savers and people on fixed incomes. I think he couched it in terms of it being worth the cost to those groups to optimize opportunities in other areas(i.e.the equity and housing markets).

So you think there isn't a play in the game because of it all?

The day those Walmart Trucks stop rolling...I'm gonna say....uh oh....

[FaninAma]

Stoop,

The truth is that I benefitted way more from Dean's plan. And I am not recommending anybody go into the fetal position due to the ongoing crisis. Quite to the contrary I thnk if you understand what is happening and its future effects on prices, assets and investments you can actually prosper.

And even if you have a successful business it is beneficial to anticipate and hedge against downdrafts in the economy or increases in commodity prices that affect
your business.

My best investment came as a result of not believing the government's claim that there wasn't any inflation during the market bubble of the late 90's. I bought gold and precious metals stocks when gold was $200 an ounce.

I didn't follow my own gut in 2007 by shorting the
housing and equity market because I didn't believe shorting was a legitimate investment strategy but this time around I plan on shorting the heck out of the markets just as soon as the bounce from today's Fed announcement wanes.

Hey , if the markets are going to keep doing the same dumb things over amd over it is goofy to not take advantage of the opportunity.

[cleller]

Reading between the lines of this move it is obvious that the Federal Reserve is very nervous about the economy....I am talking mega-depression type worried. They are in unchartered territory now. This kind of direct stimulus has never been tried before. Essentially what Bernanke is saying is that he is willing to settle for a high rate of inflation to avoid a debt collapse(deflation).

I wonder what kind of numbers these eggheads are looking at behind closed doors. The fact that the board of governors voted 11-1 to do this massive liquidity injection means that they must have been pretty concerned about what would happen if they didn't do it. I do think the markets would have fallen by 6 to 7% if they had not taken any action.

What really gets me is what a non-event this is to most people. They have no idea what any of it is. QE, QE2, Twist, and now QE3, which really ought to be called "Final QE" because there is nothing left after this. One story I read referred to Bernanke as being "all in" with this move, which sounds very accurate.
For everyone's sake, I hope he is right, and this moves things in the right direction. It bothers me some how artificial it all is. Buy stocks or get no return on your cash. Buy stocks or risk getting woodshedded with bonds if we have to raise interest rates. I can't remember who, but I recently heard one analyst say that if it looks like something bad is going to happen, it usually does eventually.

Still, I find it ironic that this Final QE is completely overshadowed by the Iphone 5.

[StoopTroup]

Stoop,

The truth is that I benefitted way more from Dean's plan. And I am not recommending anybody go into the fetal position due to the ongoing crisis. Quite to the contrary I thnk if you understand what is happening and its future effects on prices, assets and investments you can actually prosper.

And even if you have a successful business it is beneficial to anticipate and hedge against downdrafts in the economy or increases in commodity prices that affect
your business.

My best investment came as a result of not believing the government's claim that there wasn't any inflation during the market bubble of the late 90's. I bought gold and precious metals stocks when gold was $200 an ounce.

I didn't follow my own gut in 2007 by shorting the
housing and equity market because I didn't believe shorting was a legitimate investment strategy but this time around I plan on shorting the heck out of the markets just as soon as the bounce from today's Fed announcement wanes.

Hey , if the markets are going to keep doing the same dumb things over amd over it is goofy to not take advantage of the opportunity.

Fair enough. We aren't that far off from our beliefs considering I've been a registered Republican all my life. I did once date a Hippie Chick though.....ROTF

I remember guys peddling gold chains out of the trunk of their car during the 80's. Who would have thought it would end up with Cajun's pulling teeth in a grave yard every night?

http://ronniemcdowell.com/wp/wp-content/uploads/2012/07/cajun-pawn-use-this-one1.jpg

[FaninAma]

Cleller, you summed it up well. I do know the Fed wants inflation to occur because it needs asset appreciation to support the massive debt on the opposite side of the balance sheet. If asset prices don't keep going up the offseting debt has to be reconciled by writing it off which in turn causes asset values to go down more and we get deflation...the thing Bernanke fears above all else.

So, do we get high inflation in which case commodities and equities should do well or deflation in which case bonds/cash do well.

And you are right, most people get a glazed-over look when you try to discuss the ramifications of the Fed actions.

[StoopTroup]

And these guys living in trailers and hauling heavy equipment into the wilderness....lol

http://dsc.discovery.com/tv/gold-rush-alaska/images/gold-rush-about-the-show.jpg

[StoopTroup]

Cleller, you summed it up well. I do know the Fed wants inflation to occur because it needs asset appreciation to support the massive debt on the opposite side of the balance sheet. If asset prices don't keep going up the offseting debt has to be reconciled by writing it off which in turn causes asset values to go down more and we get deflation...the thing Bernanke fears above all else.

So, do we get high inflation in which case commodities and equities should do well or deflation in which case bonds/cash do well.

And you are right, most people get a glazed-over look when you try to discuss the ramifications of the Fed actions.

I think I've told this before but I had the Head of the Federal Reserve Bank in KC visit about 15 of us in College in the early 80's. He was really great and answered everybody's questions. I was interested in who they reported to in case there was any (I'll put this lightly) some problems internally. :D He told me they were a Self Anointed Over Site and that they had never had anyone be without reproach. I knew then, maybe it was just a feeling, that one day those words that made me very uneasy, would make the news.

I know I've seen plenty of folks concerned about how they police themselves. Maybe I should have been a bit more vocal....lol

[yermom]

Wasn't there a thread in 2006? or so that Fanin went on and on about the housing bubble and the banks going tits up and most were arguing with him that it wasn't going to be that bad...and then everything kinda, you know went tits up...

and then there was a thread in 2008 that said "Hey, I guess Fanin was right"


I guess I'll go look



EDIT: OK, here it is http://www.soonerfans.com/forums/showthread.php?97509-Blood-Bath-On-Wall-Street-Chapter-2&highlight=faninama+housing+bubble

*ahem*

http://www.soonerfans.com/forums/showthread.php?71043-Since-certain-people-keep-saying-the-economy-is-bad


6/10/2006, 09:49 AM

;)

[BigTip]

I'm gonna start stock piling necessities and dig in.

Gold, Groceries, and Guns.

[SCOUT]

Gold, Groceries, and Guns.

Medicine, groceries and guns

[Sooner5030]

what about ammo.....reloading equipment and supplies, a still, brewing equipment, yeast strains, a back yard foundry, aluminum ignots, dogs, cats, chickens, pigs, a lathe, milling maching, drill press, tools?

[soonercruiser]

I'm stocking up on Tampons, Crown, and Cigs.

I'll drink the crown to deal with reality and then barter with the Tampons and Cigs.

Somebody got a chart for the change of M2 over the last 5 years?

Whatcha gonna ask for the tampons?
:beaten:

[soonercruiser]

Our entire society needs intervention...not just by the government but now the central banking system. Always looking for that magical cure in a pill.

I "fixed it"!
:courage:

[yermom]

what about ammo.....reloading equipment and supplies, a still, brewing equipment, yeast strains, a back yard foundry, aluminum ignots, dogs, cats, chickens, pigs, a lathe, milling maching, drill press, tools?

um, cats and dogs are negative worth. just buy more ammo.

[Sooner5030]

um, cats and dogs are negative worth. just buy more ammo.

I need something to throw rocks at when the sooners lose.

[FaninAma]

So you think there isn't a play in the game because of it all?

The day those Walmart Trucks stop rolling...I'm gonna say....uh oh....

The play is, hedge your investments for inflation unless of course the economy is in a lot worse shape than we think and all of the excess debt collapses.....then hedge for deflation.

The Fed and the economic wonks like Bernanke have this economy so screwed up I don't think anybody knows what will happen except for a handful of insiders.

Hard assets generally do better in both inflationary and deflationary scenarios. They go up like a rocket in inflation. They drop initially in deflation along with everything else (except cash) but bounce back a lot quicker than any other investment type.

You could straddle by being in government bonds(good in deflation but bad in inflation) and hards assets both. That's kind of where I am at in addition to having a few insurance policies against a crashing market(i purchased shares of the ETN VXX this am.)

I do not reccomend anybody follow my example without doing your own research.

[8timechamps]

Wholesale inflation for the month of August 1.7%.
http://www.nasdaq.com/article/us-producer-prices-jump-17-20120913-00662

Good news if you have hard assets like land. Bad news if you need to eat and drive.

So should it be considered a conflict of interest if the Fed is buying mortgage securities while at the same time trying to inflate the value those securities by keeping interest
rates ridiculously low?

They declared there was no conflict of interest (with buying the mortgaged backed junk and lowering rates) the first time they bailed out Wall Street...not literally, but you know what I'm saying.

I am of the opinion that the Fed is a step from melt-down mode. This was their "nuclear strike". Outside of continuing to lower rates, they have nothing left in their arsenal.

[StoopTroup]

I need something to throw rocks at when the sooners lose.


So all summer you've been piling up some good stones?

Or do you believe this is #8 until you have to go looking for rocks?