NY Fed to pump $75 bn into money markets daily through Oct 10 | Precious Metals Message Board Posts

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Msg  210039 of 211134  at  9/20/2019 7:33:42 PM  by

kardnul


Re: NY Fed to pump $75 bn into money markets daily through Oct 10

 Perhaps you just posted a gem......If history repeats somewhat as the Feds QE injections after the 2008 crash we have this little tidbit.....
 
>>> Let’s begin by looking at QE1, initiated in November 2008, roughly 3 months after the Lehman Brothers collapse. The round lasted for 17 months, the longest so far, and by and large after its culmination it was considered a success. Each month, the Fed spent $100 billion to purchase mortgage backed securities ($1.7 trillion total) and within that year and half both gold and gas increased in value by over 50%, indicating that investment had enabled demand, at least at face value.<<<
 
Wait there's more....
 
>>>However with this said, QE1 was deemed successful enough by the Fed to begin a second round of easing 7 months later, sometimes dubbed QE2. From November 2010 to June 2011, the round lasted 7 months, and the Fed purchased US treasuries by spending $85 billion in each. ......As gold and gas each further increased in value by close to 28% during the round, the process was again hailed as something of a success by the Fed, and in general it was largely agreed that QE2 had been more successful than its predecessor.<<<
 
Whatever: gold went from about  $1000 to $1900 from roughly 9/09 to 9/11.....Time to be in the game.
 


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Msg # Subject Author Recs Date Posted
210051 Re: NY Fed to pump $75 bn into money markets daily through Oct 10 Au-197 3 9/21/2019 8:20:44 PM


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