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CNBC With A Good Preview Of Bernanke's Policy In Practice
Oil at $1,170 should translate to about $50/gallon at the pump. Then again gold, oil, all the same to CNBC - just buy, buy, buy. In other news, bonuses set to top one quadrillion at Goldman Sachs' oil propaganda desk.
h/t deadhead
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I think CNBC accidentally published XOM's wet dream
Got OTC oil derivatives ???
www.StopOilSpeculationNow.com
CNBC has seen the future.
What is even better is that in the other corner the story is titled 'risk aversion is the trade of the week.'
Watch for them to melt in their doomsday comcasticness.
OT anyone getting short restrictions today?
Be fair Tyler. You know CNBC hates to even mention the word "gold".
So instead of a treasury secretary who is "too close to Wall St.",we get Wall St. itself?down in the same page is this:Dimon could succeed Geithner.So expect another 10 trillion in monetization(roughly the liabilities on the big six(no,not the accounting firms,rather the banx).
hey, we could get there.
1. Iran WILL be attacked, just a question of when.
2. Paki WILL fall apart, some bad boys are gonna get their hands on the tonka trucks loaded with nukes.
3. Bernanke's dollar destruction and zero interest rate forever policies will destroy the world's economies and drive protectionism to a whole new level.
4. the usa is already broke and so are all of its states and local govt's.
5. we are living in the greatest lie and con game in the history of the u.s.a.
deadhead, I agree, being short equities and futures have just destroyed me. I guess I should just stay out and just be long gold. At what point does this weak dollar start crushing the market?
good question.
the thing with the dollar is that in my view they won't let it go to that point because that would fly in the face of the kick the can policy...a destroyed dollar does not buy them more time....let's face it, it's so easy for them to reverse the decline on a short term basis with the old wag the tail scare tactic.....they could scare money out of risk assets in a nanosecond and i think it is more likely to happen than not....or, there will be a geopolitical type event that will do it for them.
as far as i'm concerned, if you're short, you just gotta be patient. markets go up, markets go down. if you really think the fundamentals are shitty, mr. efficienct market will eventually come home....he.always.has.
Deadhead:
I agree with your reasoning about policymakers creating a fearful environment to get money into the dollar and bonds and out of equities. As more and more bonds are issued money will have to keep buying pressure high otherwise bond yields will get to high. It is key to realize that the fed works for the gov and is not independent. It is true that the fed has bailed out every large bank out there but this would not be possible if congress didnt allow it. Gov/banks work together. The fed will work with gov to attempt to keep bond yields low because gov survival is dependent on cheap funding. If the fed cant keep yields low the fed is toast. Gone are the days when Volker pushed rates through the roof even though stupid politicians were screaming about super high IR. Now its "yo Ben, hook up some of that currency".
absolutely 100% correct.
the Fed is not independent, they have sold their souls to the devil (politicians) and are acting only in the interests of their owners, the large banks.
we.are.phucked.
the usa rarely learns by its mistakes. we have not learned from one year ago and we obviously aren't learning now. we will have another calamity because of these actions in the near future and the pundits and MSM will ask "why did we do this?" "didn't anybody see this coming, it was so obvious?". i can't wait to watch those newscasts and read the articles.
it is the politicians that have sold their souls, and bernanke and geitner are just more politicians, taking thier orders from the shadows
Any word if ICE is going to cancel any trades that printed over $400?
Just remember -we the people were challenged- and were found wanting.
We were presented with the task of taking back the power we entrusted to the money-lovers; but when the time came, just couldn't be bothered.
So the scale of the battle has now to be adjusted to suit the resources of the willing.
The next stage of this w*r is to take over the media, one step at a time.
Rejoice, the remote blogosphere has been won over, next stop the mainstream.