QE3 AND QECB JUST HAPPENED WHILE YOU SLEPT LAST NIGHT

U.S. stock futures rise as ECB buys bonds

By Kate Gibson and Nick Godt, MarketWatch

NEW YORK (MarketWatch) — U.S. stock futures climbed Friday, with Wall Street readying for an opening bounce following two days of losses, as investors scrutinized Italian and Spanish bond yields after the European Central Bank reportedly bought the debt of both nations. 

The central bank purchased Spanish and Italian debt in an effort to cap yields, at least three people with knowledge of the trades told Reuters.

On a related note, European officials could start discussions with the International Monetary Fund on a means for the European Central Bank to lend to the International Monetary Fund in the event of sovereign rescues in the region, Dow Jones Newswires reported.

Dealers See Fed Buying $545 Billion Mortgage Bonds in QE3

Daniel Kruger and Cordell Eddings, ©2011 Bloomberg News

Monday, November 28, 2011

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/11/28/bloomberg_articlesLVD52507SXKX.DTL#ixzz1f0frV8gQ

QE3 AND QECB ARE HERE!  AND THE MARKETS LOVE IT.  FUTURES UP 300, GOLD UP 40.  WHY?  BECAUSE QE IS FREE MONEY FOR THE BANKS - AND LOTS OF IT.  AND ALL THAT MONEY GETS GAMBLED IN THE MARKETS.  THE BANKS THAT WIN GET HUGE BONUSES.  THE BANKS THAT LOSE GET BAILED OUT WITH MORE OF YOUR TAX MONEY.  REJOICE.  QE LIVES!!!!!

Central Banks Ease Most Since 2009

By Scott Lanman - Nov 28, 2011 7:18 AM ET

 

The European Central Bank, seen here, extended liquidity support for banks into 2011 on Sept. 2. Photographer: Hannelore Foerster/Bloomberg

Mario Draghi, president of the European Central Bank (ECB), is seeking to limit contagion in the 17-nation euro zone as Greece’s economic meltdown worsens. Photographer: Hannelore Foerster/Bloomberg

Central banks across five continents are undertaking the broadest reduction in borrowing costs since 2009 to avert a global economic slump stemming from Europe’s sovereign-debt turmoil.
The U.S., the U.K. and nine other nations, along with the European Central Bank, have bolstered monetary stimulus in the past three months. Six more countries, including Mexico and Sweden, probably will cut benchmark interest rates by the end of March, JPMorgan Chase & Co. forecasts.