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how can dudley see it so differently from lacker?
housing activity remains unusually weak
housing activity remains unusually weak
Probably because Fed and Bankster manipulation remains unusually prominent.
The old good cop/bad cop routine... Guess they hope to buy some time talking hard but looking at WTI it doesn't seem to be working so the commodities complex apparently need to spike (further) before we see any action.
Oil just went vertical thanks to Dudley. Glad I own both PMs and commodities.
Trillions in funny money and this is the best they can do? They don't have a clue.
who cares about umeployment..
i got couple ipads more to eat..
they are so tasty
goldman suck man...please lap dog
I love reading these articles, but it has made me the worst investor in the world. I constantly think the music is going to stop and reality step in, but never does and I have lost more money than I could ever imagine.
How has investing in Silver, gold, and commodities made you lose ANY money in the past 2.5 years?
I wish I did. Instead I was shorting retail thinking the consumer would poull back due to higher energy and food prices. Like I said I was Wrong
You should have been right, but who expected things like free housing for uncreditworthy?
You should have been on ZH in the early days - lots of commentors were bears, deflationists, etc. Always buying 3X inverse ETFs. Always bashing the "gold bugs". Could simply not understand that printing trillions of new dollars would change the size of the measuring stick and make everything look higher in price.
Luckily most of those people are gone now (most were Anonymous posters back then).
Yeah, it's tough. I read ZH everyday, but have been cautiously long the S&P for some time now, because that's just how it has been going. I tried some shorts, lost money.
We'll see what happens around the end of QE2. If QE3 kicks in, I'll be moderatly long again.
Also, I buy some silver and gold. Makes me feel more secure while the market is being irrational.
Personally I think the Fed hav bets between themselves to see who can move the market the most in any one direction through simple speech.
Boricuas should of kicked him off the island.
Fed's Lacker says housing market likely to be flat, not as important to overall economy as before
so THIS TIME IS TRULLY DIFFeRENT ? i wonder
so guys at FEDS missed everything that can be missed ( incl. whatever is in pants), and now again try to sound as they learnt something
Dudley is second only to Ben: his words count as much as all the other hawks together. We have a stalemate on QE3!
Transports now within a stones throw of world record highs!
NYA about to bust out to new highs....
Post today's FFIV chart under these.
Riddle me this gold and transports make new high same week?????
robo still living vicariously off the gains of other investors. lol. one day the self-acclaimed world's greatest investor might make a half-buck in which case the board will never hear the end of how he scalped 'em for 50 cents.
Chairman Ben Bernanke announces Fed to be dissolved: http://j.mp/e5TGVV
Effective April 1st of 2012.
Effective April 1st of 2012.
Not enough because we'll all be eating eachother by then!
Why do they keep referring to the fed's mandate as being a twin mandate? Inflation is no longer part of the equation as the fed will look for any excuse to avoid recoginizing creeping inflation.
The fed has one politically charged mandate, full employment. Since the economy is officially dead, or more accurately in a permanent coma with a fiat life support system, this conveniently allows the fed to provide free funding to their TBTF masters forever.
We are just lumps of flesh plugged into the matrix, with enough fiat to keep us alive while the useless organs and tissue are cut out and fed to the rich in the form of monetary policy induced inflation.
We will get household formation as the youngsters find jobs and leave home to formation their own families. This will foster robust prosperity in the sector as the recovery creates more growth. This Ronrico really kicks ass as I look to new possibilities in our future improvement. Although it will take time, stimulation will greatly increase the factors of the healing process as we remain cautiously optimistic.
Well, when the Fed inflates the dollar down to the 50-60ct range, they can claim tons of employment and market stability (twin mandate)...and then the roof will cave in.
"Computer...analyze canary on bottom of cage, symbol AAPL. Report...is the bird still singing?"
Whatta' ya talkin about? The FED has duel mandates.... The first is to skull fuck the American public by supporting their second mandate, which is to feed the guys who own the Federal Reserve Bank and have purchased Washing-Corruption D.C. with a fiat of green paper with numbers on the side and a pyramid with an eye on the top of each one. These are the guys that perform the skull fucking. What do you think Skull and Bones is about? It's a private club depicting a skull getting boned. And people think these staid, ruling elite kleptomaniac's of the Eastern Dark don't have a sense of humor,.... come'on, they're laughing all the way to the bank.
Fed's duel mandate:
1.) sell as many iPad2s as possible
2.) kill off the unemployed portion of the population through starvation, so that they no longer show up in the NFP stats.
Mission being accomplised.
Sounds about right
so the market paid zero attention to lacker and only moved on dudley
Dudley is head of the "mission control center" for the QEs.
Why talk about the two mandates? I suggest they are lies and the FED has different goals. Look at reality: monster unemployment and burgeoning inflation. Yet someone is doing quite well.
fed's mandate keep the world elite bankers solvent..the only mandate obviously
I don't hear enough discussion of government deficit spending on GDP. My impression is that without Uncle Sam borrowing and spending $1.5 trillion per year, that GDP would still be negative.
So once again our economic "growth" is a credit expansion, because apparently we've forgotten how to do it any other way.
It was pretty simple...One FED (bad cop) says for days that we should end QE early. That holds the market to NON breakout levels, nice quarter end ...Next Day ...April Fools...Its too soon to end the market ramp job...DING ...market skyrockets...WHo needs housing, construction, jobs....inflation ? Just your imagination...besides...GM is selling cars (to whom I have no clue)
I really want to know how they are slipping ProZac into the drinking water because if the American public was any more asleep, I would buy stock in Sealy, Serta and Simmons...:-)
Does the US have an exit strategy from QE that does NOT include war? I mean...could they actually stabilize in the 50-60ct range? Or will the capital leave amerika forever and it becomes one big mexico?
(Prediction - Foreign tourists will start getting kidnapped in Florida for ransom money, sometime in early '14)
I can't read it, he's just an idiot, and it'll be time spent that I will never get back. I read the first part and the conclusion, otherwise from the headings I see he's just babbling.
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