William Hartley

Saturday, February 26, 2011

Waiting for the QE2 Shoe to Drop

Calafia Beach Pundit submits:

We're finally seeing the evidence of QE2 show up in the official numbers. The Monetary Base (the part of the money supply that the Fed controls directly) jumped by $140 billion in the most recent period, and is up about $300 billion since mid-Nov. Virtually all of this increase comes from bank reserves which are sitting idle at the Fed (though they do earn an annual interest rate of 0.25%). The increased reserves, in turn, are what the Fed used to purchase Treasuries.

Despite this new injection of reserves, however, there is no evidence to date of any corresponding increase in the other monetary aggregates. That means that although the Fed has created some $300 billion of bank reserves with a keystroke, the amount of money in the economy continues to grow at a rate that is fully consistent with past growth rates. Conclusion: the Fed has not been printing


Complete Story »

Samantha Mathis Samantha Morton Grace Park Jill Wagner Susie Castillo

Posted by William Hartley at 12:40 AM
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest

No comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments (Atom)

Followers

Blog Archive

  • ▼  2011 (1835)
    • ►  July (161)
    • ►  June (118)
    • ►  May (307)
    • ►  April (301)
    • ►  March (317)
    • ▼  February (299)
      • Blog Post: Registration is now open for the Dream....
      • Google looking to launch YouTube movie service in UK
      • Zimbabwe Professor Arrested, Tortured For 'Treason...
      • Google Declares War On Content Farms, What's Deman...
      • Prechter: Social Mood Negative: Markets Will Soon ...
      • More than a replicant: Ars reviews indie adventure...
      • HTC reveals Gingerbread update roadmap for some de...
      • Nikkei: All 400,000 Japanese 3DS units sold out, m...
      • Conduit 2 multiplayer trailer gets political
      • Page: Private Blog Roll
      • Battlefield Play4Free dev details Training Point c...
      • Blog Post: Information for Microsoft Customers in ...
      • HTC reveals Gingerbread update roadmap for some de...
      • User: Slidegob
      • FindMakarov.com teasing Toronto group's 'Call of D...
      • Blog Post: Resources for Cloud Road Show for IT Pr...
      • Week in gaming: Bulletstorm PC, Geohot cash, Tiny ...
      • Blog Post: Removing Fast installation from server.
      • Anticipating a Decline in Crude Prices: Shorting O...
      • Just Add Water working on four Oddworld games for ...
      • Man Takes On Bank ? and Wins
      • Blog Post: 70-511 Exam Guide: Threading Model, Dis...
      • UK Court Dismisses Yet Another Bogus Criminal Laws...
      • Blog Post: Solowheel
      • Hollywood Shuts Down Another 'Family Friendly' DVD...
      • Marvel vs. Capcom 3 arcade sticks: get 'em if you can
      • MacBook Pro vs. Dell XPS: Is MacBook Pro Worth the...
      • Deal: Snag 4000 MS Points for $40
      • Blog Post: The Visual C++ Weekly Vol. 1 Issue 9 (F...
      • Friday ETF Roundup: UNG (Finally) Surges Higher, V...
      • Blog Post: Why I don't like the JapaneseCalendar c...
      • UK Court Dismisses Yet Another Bogus Criminal Laws...
      • Page: adonline
      • Colbert Report features Ars Anonymous/HBGary coverage
      • Waiting for the QE2 Shoe to Drop
      • Is the Future of Finance "Post-Human"?
      • New SpyParty video walkthrough sneaks around The B...
      • Avast! Antivirus 6 released
      • Blog Post: JQuery ASP.NET server control dropdown ...
      • PS3 hacker's home raided, Sony sues after he retai...
      • Traders See Top for El Paso
      • Social gaming giant Zynga is possibly the most pro...
      • Gears of War 3 gold Retro Lancer to be exclusive m...
      • Supremacy is first MMA game to have female fighters
      • Gap's CEO Discusses Q4 2010 Results - Earnings Ca...
      • The Gunstringer confirmed as Kinect XBLA title
      • Unreal: Cliff Bleszinski really likes musicals
      • HP shares get crushed after lackluster earnings re...
      • Because Treasuries Are a Safe Haven, The Dollar Is...
      • Tiny Wings is everything perfect about iPhone games
      • Gearbox is looking to give Duke Nukem Forever cred...
      • Yakuza 4 trailer gets you in the mood to demonstrate
      • Jeopardy! Will Machine Beat Man and Rule the World?
      • Universe too large: Ars reviews indie, PC Inside a...
      • US Drone Strikes in Pakastan
      • Blog Post: CeBIT-Thema: F�r Microsoft Partner und ...
      • Apple hints at iPad news in March 2 event invitation
      • Blog Post: New Networking-related articles for the...
      • Insurrection at the Bank of England
      • Sencha Labs releases open source framework for Web...
      • Why Are Canadian Regulators Telling Music TV Chann...
      • Official: iPad 2 launch on March 2nd
      • Blog Post: SharePoint 2010 Business Connectivity S...
      • Everything that can go wrong with Windows Phone 7 ...
      • 9 Oil Stocks That Could Be Affected by Libya This ...
      • French search company lobs new antitrust complaint...
      • Blog Post: Betriebshandbuch f�r SharePoint 2010
      • PSA: Dragon Age 2, Lego Star Wars 3 demos availabl...
      • Flash for Android 3.0 to arrive a "few weeks" afte...
      • Blog Post: Windows 7 ja Windows Server 2008 R2 Ser...
      • Super Meat Boy gets two new chapters on XBLA
      • $2.3 Billion Lawsuit Against China For Copyright I...
      • Kinect to Officially Embrace Modders This Spring
      • Timelapse New York
      • Google Finally Gets Involved In Torrent Search Eng...
      • User: Chia Bar�n
      • Fertilizer Fall: Buy CF Industries and Ignore Chin...
      • User: DaddyHolby
      • Blog Post: Microsoft SQL Server JDBC 3.0 and SQL A...
      • Zendesk App Turns iPad into Mobile Help Desk
      • Blog Post: New Snippets from the Shell
      • Cave's 'Nin2-Jump' makes a play for XBLA
      • VIPorbit App Redefines iPhone Productivity
      • Blog Post: Niko Schlamberger, International ICT Ex...
      • Impulse holding El Presidente's Day weekend sale
      • Blog Post: Neprop�sn?te na?i jarn� konferenci!
      • Why I Would Sell Autodesk and Hold Cash
      • Page: Infor-SQL-Resource-Page
      • User: chad01
      • MONEY TALKS, PEOPLE LISTEN
      • Internet Explorer 9 RC downloaded 2 million times
      • Jurassic Park: The First Telltale Game to Feature ...
      • Help Design a PlayStation Game From Scratch
      • Police Chief Tells Parents To Hack Kids' Facebook ...
      • Blog Post: ISV Video: Accumulus Makes Subscription...
      • FBI pushes for surveillance backdoors in Web 2.0 t...
      • Blog: Othman Blog
      • Feature: Black ops: how HBGary wrote backdoors for...
      • Buffett Buying Brasil Foods? Or Is Something Lost ...
      • User: CPUandME
    • ►  January (332)
  • ►  2010 (258)
    • ►  December (258)

About Me

William Hartley
View my complete profile
Picture Window theme. Powered by Blogger.