Bill Gross Warns QE3 Is Coming In The Form Of "Operation Twist" For The 2 Year

Tyler Durden's picture

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swissinv's picture

and here we go - thx ZH

disabledvet's picture

thank God!  something we've never seen before!  here's what actually going to happen:

buzzsaw99's picture

This was obvious and inevitable. bonds bitchez

Cone of Uncertainty's picture

I'll give that little fucking biatch a twist all right.

I'll twist an snap his shit in a fucking figure four leg lock like Tito Santanna.


malikai's picture

So, if they cap the rate and its still net negative, who is going to buy the bonds?

buzzsaw99's picture

the fed's ginormous glubber gut. lol

malikai's picture

The world is awash with USTs, I don't know what the fuck they're pretending to be smoking, but its not working.

They have to seriously crash things hard and make the US look like a safe haven to get people buying US paper, and even when they do that, it won't last long. Either these guys are the dumbest bunch of fuckwits, and we deserve them. Or, they are by far the most cleptosociopathic masters the world has ever seen and we should submit to them as our overlords and evil gods, for we deserve them.

gmrpeabody's picture

All of our 401Ks and IRAs will be buying.

malikai's picture

Not my 401k or IRA. I cleaned them out and put that in real assets already. I'll smile and laugh the day the GRA is law. Maybe you're right though. GRAs would make for a great treasury scam, just like the SST.

buzzsaw99's picture

I'm afraid that you are missing the point. This move is not intended to induce people to buy Ts, in fact, quite the opposite.

swissinv's picture

the American way how to buy time - I hope OT 2 is not getting hacked

redpill's picture

Because price fixing always works out so well in the end...


francis_sawyer's picture

So this is was what he decided to "fix" in 15 minutes...

Cdad's picture

Yes...sure...why not?  Cap the yield.  Just line up the Fed police force in front of the bond pits and demand sub 2% on whatever junk you are printing.  Of course.  Why didn't I think of that?

But is anybody going to cap the retail price of an Abercrombie t-shirt, though?  That is the real issue facing to look cool...and avoidably so.  

Price control!  I want it now!

Hello fucking cosmic bunny hole.

Cdad's picture

Thanks, BlowHorn, for hiring a 16 year old girl to tell me that, "Markets are liking the upbeat economic data."  Huh?  I guess they figure that her translation of "less than abysmal" is more forgivable because...well, because she is 16.

In the meantime, utter blather continues to poor through my screen, the Blinky Bot gods apparently un fucking concerned despite how Bernanke literally has cornholed the entire congress with the "cut the budget or else...but if you cut the budget...either case an asteroid immediately impacting Wall Street."  Ok...sure...

Price controls, yield controls, and what redistribution?

What the fuck is going on?

Cue up Maria "no longer curious about anything" Bartiromo [but man that woman has got hair] and a dance line of criminal syndicate Wall Street bankers that will surely say, "Go long EVERYTHING."


Cdad's picture

And coming up on the outside rail....of course...Mutual Fund Redemption!

Who will come out on top...Crocodlile Algo or Mutual Fund Redemption.  The entire "Investing World" is on edge, like a super exciting episode of Dancing with the Stars, and over there, Ma Kettle is blowing on her IRA dice.

What the fuck is going on?  

Ricky Bobby's picture

LOL Great Rant! Rack it.

Cdad's picture

Behold...the power of the crocodile algo as it pertains to the Roach Motel [SPY] as it swallows the bile of today's utter nonsense...without so much as a gag reflex.

Who believes in this market anymore?  

And from the Blinky Bot gods, "Get out of our old traditional ways of fighting over raising or lowering taxes."  Right.  That'll fix things.  Do nothing...'cause the bond market says everything is just fine.

Never mind that institutions are throwing their money at bonds with the promise of just above zero yield.  That always signals the beginning of bull market runs...the kind that end up on the floor before you can reach the can.

Cue Bill "I should have stayed on leave" Griffith, and give him a godlike echo effect on his mic, and have him call the great price action on if the price action was the story...not the symptom...of the crocodile algo, of course, which is kickin' ass on Mutual Fund Redemption...another great stock market sign...right before every fucking thing goes black because some messaging system somewhere has an aneurysm.

I'm sure investors are clamoring for more.  Of what, they are not sure.  T-shirts, maybe...

What an absolute joke the syndicate is pumping these days.  If there is even one person in this country who is fooled by any of this, he should report to the starting line at the front end of the Greek escape tunnel...which I understand is about to get very fucking crowded.


francis_sawyer's picture

"what redistribution?"


PEOPLE redistribution... (into FEMA camps)... And leave your gold at the door on your way in...


Yits and the Yimrum's picture



do you get a credit at the snack bar FEMA for leaving your Eagles at the check in?

just like summer camp of old, with a little HFCS added to the mix

falak pema's picture

TD : ZH has coverage on Business Insider. Good Job.

falak pema's picture

Pray explain? Don't you want coverage of your article by other media?

Don't get that.

Concentrated power has always been the enemy of liberty.'s picture

I would say he views his work as something better than click-bait.  I know I do.


i.e. the typical businessinsider headling "The Dow is going to 64356543, find out what stock to buy now!  And also why your Financial Advisor won't help you."

falak pema's picture

Yes, OK. But on this occasion it was the whole ZH article w/o any BI comments or spin...Pure reporting IMHO. So the BI reader gets 100% TD input and 0% BI spin...

falak pema's picture

The target isn't BI, the target for ZH is BI readers...ordinary people who don't read ZH. Not every body in main stream USA reads ZH.

Problem Is's picture

Blodget: Howdy Doody or Opie Cunningham?
But Blodget is such a nice clean cut boy...

"He was ranked the No. 1 Internet and eCommerce analyst on Wall Street by <INSERT PHONY GROUP HERE>."

He was "keelhauled" by the dirty, prostituting Spitzer fellow...

"He was later keelhauled by then-Attorney General Eliot Spitzer over conflicts of interest between research and banking and booted out of the industry."

Since Opie failed to address any of the facts in this hammed up self bio... I am quite sure he wasn't guilty of anything...

Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Bloomberg, Fox, CNN, ABC, NBC......are the old corporate dinosaur "establishment" dying media.  ZH, Infowars...are the "new" media and quickly becoming the real "mainstream" media at least until the CIA can put together a cyber false flag to shut them and us down. 


Tuco Benedicto Pacifico Juan Maria Ramirez

swissinv's picture

congrats tyler that you made it into Bloomberg ;)

Fancy Bear's picture

At least priorities are starting to be rearranged.

For recovery: jobs market>housing market>stock market

Silverhog's picture

Too late to place a cap on this mega deficit. There is no chance of austerity and massive taxes on a sputtering economy is suicide with deflation. Cutting taxes this late in the game would require several years for business to gear up and hire. Only real answer is to continue the dollar flood until the economy vomits with hyperinflation.

trav7777's picture

cutting taxes lol...will that print us up more oil?

tmosley's picture

How much oil does the US government consume every year?

Wouldn't it be better if that oil was used for productive purposes?

Here's a hint: taxes are a means of transferring purchasing power to the government, allowing those governments to compete for real goods like oil and food.  Cutting taxes, while holding other variables steady, decreases the government's allocation of oil.

But then, a death worshipper like you doesn't really understand that.  You just want us all to pay 100% taxes so you can force everyone to submit to your megalomaniacal plan to sterilize 50-97% of the human population.

bob_dabolina's picture

Christopher Langan whom has between a 195-210 IQ and regarded as the smartest man in America (same level as Rene Descartes and Leonardo Davinci) is saying the same thing.

You should look him up.

tmosley's picture

I believe in the theory of evolution, but I believe as well in the allegorical truth of creation theory. In other words, I believe that evolution, including the principle of natural selection, is one of the tools used by God to create mankind. Mankind is then a participant in the creation of the universe itself, so that we have a closed loop. I believe that there is a level on which science and religious metaphor are mutually compatible.

LOL, yeah, this guy is teh smrat!

Seriously, this guy is dumb as dogshit.  He claims you can prove the existence of God with mathematics.  Let's see the proof, douchebag!  But he won't post it, because it's bullshit, and would be instantly torn apart by any real mathematician as bullshit.

Shit like this is why IQ should never be used as a measurement for anything other than placement of children in special needs classes (both for gifted and retarded children).  Fuck, my IQ has been measured at 161, by professionals.  Given that, you and Trav should throw out your whole theory about IQs, since I am a "dumbshit".

The fact is that IQ is important only to children.  It has an effect on how quickly you learn.  As you get older, you either choose to continue learning, or you choose not to.  The tortoise and the hair is instructive.  The smartest person in the world is totally worthless once he accepts a false axiom as truth, and seals himself off from the possibility that he is wrong.  Just like Marx, who was a smart guy, but totally screwed up his assessment of humanity by the acceptance of a false axiom:  This lead directly to the deaths of hundreds of millions of people.  Just like Trav who would commit demographic suicide (how are you going to support 6 billion old people with only 210 million young people?) to "save" us from peak oil (the same dumbshit solution every Malthusian has defaulted to for hundreds of years).  Or like Ben Bernanke, who IS smart, regardless of how he is characterized here, but he has fallen for Keynesianism totally, and beyond redemption.

tmosley's picture

I should also note that there is NO WAY to know what the IQs of DaVinci or Descartes were.  They never took the damn tests!  What they did do is keep learning, keep studying, keep thinking EVERY day.  Sure, they were certainly above average, but there is ZERO evidence that they had astronomically high IQs.

falak pema's picture

The illuminati had a way of measuring a man's intelligence using a old instrument called an astrolabe and a plumb line...Based on the angle of the dangle of the plumb line and the angle of the sextant deviation to vertical that was projected on the ground  at mid-day precise when the man in question placed the plumb line over his reclining body exactly above his navel...they could determine his mental acuity to call that deviation between dangle angle and sextant deviation. Using pi squared and psi cubed divided by pythagoras's theorem square-rooted and divided by two thirds they could obtain a result that was precise to within one percentile range level. Now, amongst those to whom the question was thus put using this time honoured method by the jesuit monk, who was expert in contraption dangling and sextant angling, the hit parade of Illuminati ratings known to date were as follows :

Copernic : 169

Galileo : 175

Newton : 181

Descartes : 187

DA Vinci  197

Mona LIsa :201

That explains why Mona Lisa'a painting never left the great master; she was his master.

tmosley's picture

They see me trollin'...

Lord Koos's picture

I always thought it was Wan Hung Lo who came up with "the angle of the dangle" theory.

ElvisDog's picture

Oh, get out, DaVinci invented the helicopter in 1500-something. He had to be a genius. Anyone who sports that head of hair has got to be a genius.

gall batter's picture

Chris Langan:

People who wanted to have children would apply to make sure they have no diseases. Why do we have to do it through genetic engineering? Well, we have to let only the fit breed…. Freedom is not necessarily a right. It is a privileged [sic] that you have to earn. A lot of people abuse their freedom and that is something that people have to be trained not to do.


But who? Who does this training?

Chris Langan:

Well, I’d be perfectly willing to do it myself. Just put me in charge.


Vagabond's picture

The nail just got whacked on the head.

Hacked Economy's picture

+1, Silverhog.

Austerity measures at this point are not only politically volatile, but mathematically moot.  As so many of us here on ZH already understand, the remaining options are being logically drawn down to only two:  hyperinflation or default.

I personally believe we're going to see both within the next few years in the U.S., as some programs or debts are defaulted upon (or delayed, which is arguably a form of default in itself) to some degree, while Big Ben and Tiny Tim print us enough money to carry us over into the next year.  When we finally run out of road and find ourselves staring at the can we've been kicking for decades, it'll be game over for the U.S. dollar as we know it.

Cool avatar pic, Silverhog.  Makes me wonder if the pooch is trying to wiggle his way into a bite of the hot dog on my plate.  :)

blindfaith's picture

I say hyperinflation wins, and no one can pay their taxes as a result......which begs the question, who the hell in their right mind would want to run for President?

Go down in US history ( if there is one) as the fall guy for the end of a constitutional experiment.  Must be the perks, and directorships waiting in the wings.

Everyone knows what the answer is, there is no choice but to get it from the ultra rich one way or the other, of close up shop.

And, yes, if you freeze up the 10 year yield there is  chance the homes might start moving...provided ( of course) someone still has a fucking job to qualify for a 'pretty please' loan.  But, fear not the Chinese are buying US real estate ( just like the Japanese did).

treemagnet's picture

When the headline scanning bots at skynet figure out the first to sell wins - then it'll get interesting.