Bullard Says Fed Could Wait Until December To Make Decision

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 10/08/2010 - 07:59 | 634658 EscapeKey
EscapeKey's picture

"It's priced in already". So are bad jobs reports, the destruction of the Dollar, the election of Britney Spears as the first female president, and the invention of the perpetual motion machine.


Fri, 10/08/2010 - 09:47 | 634902 deez nutz
deez nutz's picture


Fri, 10/08/2010 - 12:35 | 635549 dlmaniac
dlmaniac's picture

Funny to see Fed catching themselves in such dilemma: they have both a plunge protection team in the equity market and a plunge enforcing team @ CRIMEX. While the QE lets PPT have a blast, PET is having their butt handed to them the past 6 weeks as a result. Maybe they really have to hold the leash on QE2 a bit to give PET a break.

Fri, 10/08/2010 - 08:00 | 634659 wafflehead
wafflehead's picture

Greenspan just said the deficit is a threat for American and we need austerity in this country. Who pays this fool to give speeches anymore?

Fri, 10/08/2010 - 09:51 | 634908 hugolp
hugolp's picture

If Greenspan wants austerity he should start by opposing the bailouts. Anyone demanding austerity while at the same time demanding deficit spending to bailout the banks is a lier.

Fri, 10/08/2010 - 08:02 | 634663 assumptionblindness
assumptionblindness's picture

The Fed is all rumor, little talk, and NO action.  They are out of bullets, therefore, bluffing is all that is left to do.  Yawn....

Fri, 10/08/2010 - 08:06 | 634667 jmf
jmf's picture

Moin from Germany,


is this the same Bullard that today has said this

Fed´s Bullard says "USD 100 Billion a month a ggod number to think about in terms of QE, better to move in small amounts"

I especially like the $ 100 billion a month runrate & small analogy ;-)


Fri, 10/08/2010 - 08:07 | 634668 bada boom
bada boom's picture

Message between the lines,

We are fucking with your head!

Fri, 10/08/2010 - 08:15 | 634680 caramel55
caramel55's picture

"...The Committee will continue to actively review its communication strategy, with the goal of communicating its outlook and policy intentions as clearly as possible..."


Fri, 10/08/2010 - 08:06 | 634669 living on the edge
living on the edge's picture

QE2 has already started, who else is funding the deficit?

Fri, 10/08/2010 - 08:12 | 634675 EscapeKey
EscapeKey's picture

One of the main internations buyers as of recent has been the UK. Of course, with the British deficit breaking records every month, there's nothing suspecious about this at all.

Fri, 10/08/2010 - 08:26 | 634693 living on the edge
living on the edge's picture

That is very suspicious in my eyes also, but further demonstrates how the fraud has been perpetuated with the help from some friends. Fits nicely with the rumored buyers in the Caymans.

Fri, 10/08/2010 - 08:05 | 634670 sushi
sushi's picture

Federal Reserve officials could wait until December


December, what year?

Fri, 10/08/2010 - 08:11 | 634674 Hot Shakedown
Hot Shakedown's picture

QE 2 "Trial Balloon" complete....this and the Tepper CNBC gig were the  SELL signals for both paper and metal ... in my humble, long physical, opinion

Fri, 10/08/2010 - 08:22 | 634687 shushup
shushup's picture

Let's ask Bill Gross - he has already been told what the fed will do.

But without Gross' input I would think the futures would be much lower on this news.

Fri, 10/08/2010 - 08:23 | 634688 LeBalance
LeBalance's picture

Golly!  And all the "ve moost steeemulate invlation!" speeches from similar muckity mucks over the past two weeks was what?

Exactly what?

Fri, 10/08/2010 - 08:27 | 634696 RoRoTrader
RoRoTrader's picture

Clear as mud.

Fri, 10/08/2010 - 08:33 | 634700 Mad Mad Woman
Mad Mad Woman's picture

Bullard's an ass. The Fed cannot wait until December. This guy's a joke. And so is the Fed & Ben.

Fri, 10/08/2010 - 08:35 | 634710 flacon
flacon's picture

FED: "BLA, BLA, BLA, BLA Ph.D., BLA...."

Fri, 10/08/2010 - 08:36 | 634712 flacon
flacon's picture


Fri, 10/08/2010 - 08:42 | 634732 Dagny Taggart
Dagny Taggart's picture

I guess gold did, too.

Fri, 10/08/2010 - 09:19 | 634824 SheepDog-One
SheepDog-One's picture

There will be no money, but on your deathbed, you'll receive total conciousness. Or something.

Fri, 10/08/2010 - 09:27 | 634838 Jewelsnorth
Jewelsnorth's picture

Then there was Fisher's comments yesterday in Dallas (http://www.dallasfed.org/news/speeches/fisher/2010/fs101007.cfm)

"A great many baby boomers or older cohorts who played by the rules, saved their money and have migrated over time, as prudent investment counselors advise, to short- to intermediate-dated, fixed-income instruments, are earning extremely low nominal and real returns on their savings. Further reductions in rates earned on savings will hardly endear the Fed to this portion of the population. ... Debasing those savings with even a little more inflation than what is above minimal levels acceptable to the FOMC is unlikely to endear the Fed to these citizens."

Pitchforks everyone!

Fri, 10/08/2010 - 12:43 | 635575 DTCC 1999
DTCC 1999's picture

Good find.  What’s sad is the social umbrella for them is unfunded. 

I like Blanchard; his face and words have shown genuine care.  The Fed values him too; he goes on CNBC.      

Calendar of Federal Reserve Meetings (FOMC Calendar):
November 2 & 3, 2010 - Rate Announcement (ED: Maybe)- Wed. Nov. 3rd, 2:15 pm


FOMC Statement from last August:

To help support the economic recovery in a context of price stability, the Committee will keep constant the Federal Reserve's holdings of securities at their current level by reinvesting principal payments from agency debt and agency mortgage-backed securities in longer-term Treasury securities.1 The Committee will continue to roll over the Federal Reserve's holdings of Treasury securities as they mature.

Deep Thoughts by Jack Handy: The reason we continue talking as if politicians still serve a purpose, isn't because we don't know better, we just don't know how to act otherwise. 

Fri, 10/08/2010 - 09:31 | 634853 b_thunder
b_thunder's picture

Bullard is full of Bull-%$#@!

QU2 is coming, QE2 is here, and here to stay!

 QE in perpetuity



Fri, 10/08/2010 - 09:47 | 634900 tewkatz
tewkatz's picture

Obfuscation, my fellow irritating and/or lewd females which somehow coalesces us into a homogenous social group with the power to influence the rudder of America's financial future of which I am grateful to not so much contribute but mostly cheer from the sidelines!!!!

That reminds me, where is the donate button?

Donate, B*tchez!!!! 

Fri, 10/08/2010 - 10:07 | 634943 Dr. Engali
Dr. Engali's picture

It's a big game of chicken. Who will be the first to blink?

Wed, 10/27/2010 - 08:42 | 680125 daniel
daniel's picture


ucvhost is a leading web site hosting service provider that is known to provide reliable and affordable hosting packages to customers. cheap vps company believes in providing absolute and superior control to the customer as well as complete security and flexibility through its many packages................  windows vps Moreover, the company provides technical support as well as customer service 24x7, in order to enable its customer price. Thanks forex vps



Do NOT follow this link or you will be banned from the site!