any guesses on official number for QE3? from the fed today?

[Large Sarge]

I am going to say $2 trillion+

seem to remember the budget deficit alone is over a trillion, like 1.5 trillion....

the whole european banking crisis is a wild card, I figured the U.S. would be asked to pay off that...

[Celtic Rogue]

I would think more! 3.5+

[palani]

No guess on quantity but a prediction on effect .... INEFFECTIVE no matter the amount.

[Neuro]

I would estimate that the Fed has agreed to swap about a trillion already with European and Japanese central banks. This was QE2.5, very similar to QE1.5 but probably way more than the $500B at that time, they have cash for a while. No one mainstream considers this to be monetization, so we are fine...

[Large Sarge]

so we go from 0.25% interest rate to 0.0%?

lower the bank reserve limits for lending?

talk up Obama's job programs a bit, saying the fed will pay for it.

[Awoke]

Eighty seven Kazillion?

[Large Sarge]

it could really be a monster QE program, with 2012 elections looming, and all of Europes banks and govts insolvent....

[sirgonzo420]

http://4.bp.blogspot.com/_YGLQQZTHoU0/SmTjus47poI/AAAAAAAAJOQ/sadbYnyBaBc/s400/drevil.jpg

[madfranks]

so we go from 0.25% interest rate to 0.0%?

lower the bank reserve limits for lending?

talk up Obama's job programs a bit, saying the fed will pay for it.

Yeah that's what I heard too, that they're going to lower interest rates again. As if that's going to do anything?