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Did Former Richmond Fed President Broaddus Just Give The Go Ahead For QE3?
While Bill Gross may be ignored, what a former Fed chairman is saying may be a just a little more important
- BROADDUS SAYS ANY DISINFLATION MAY PROMPT FED TO CONSIDER QE3
- BROADDUS SAYS FED UNDERSTANDING OF INFLATION HAS IMPROVED
- FORMER RICHMOND FED CHIEF BROADDUS SPEAKS ON BLOOMBERG TV
Now what?
(and no, his first name is not Calvin).
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He's retireded. Bill Gross has his lips to the Fed's. I'll stick with Gross.
We need 2 weeks of stock market distrution before the bernake makes QE3
broaddus, bitchez
http://www.youtube.com/watch?v=o6TUhx2wX0M
"if you believe qe infinity will work, you gotta be sippin' on gin + juice"
"with my mind on my money, and my money on my mind"
"if you believe qe infinity will work, you gotta be sippin' on gin + juice"
Yes, QE is woking as planned.
Most people just don't understand the (real) plan.
QE Trillion-plus4 won't do squat. This isn't a fix, it's a waste of time.
How about tearing down the Multitude of Ponzi's that surround everyday life in the USA and around the globe. Break them up, let the pain be released and then let the building of a better tomorrow begin.
If you don't take they pain, you'll never have actual gains in the future.
Sorry there IS NOT A PAIN-FREE ANSWER FOR ANY CLASS OF PEOPLE.
However more pain will undoubtedly hit the poor middle class unless they revolt.
Then the pain may be felt more to the upper-crusties!
LOL
A wise man once said, "Pain equals change"
People will not change their ways unless they feel the pain.
just change the way the CPI is measured....solved, next
"People change when the pain of staying the same is greater than the pain of change"
"It's only through pain that we can achieve suffering."
2 weeks? no
2 months? yes
There is no more good news. The market is toast.
the hedge funds that pay his consulting fees also write his speeches
bloomie has been pumping the QE3 for awhile now.
Time to panic.
You have Ben's permission.
Just traded in a stack of FRNs for some shiny new PMs. My silver stack is higher than my baseball cards now.
:D
I always feel a little "screw you" thrill deep down in my loins when I make my monthly PM purchase.
Wow, this morning's release was particularly rewarding. :>)
Much more rewarding than a handle of rum... At least the next morning.
do you recommend an online source to buy PMs with minimal markup? thanks.
So DISinflation is not transitory?
And inflation is distransitory.
Disflation is intrinsic.
so what the hell does this idiotic statement mean???
Gosh, we're happy to hear that.
While we are on the subject of distransitory inflation, I was just wondering if anyone could elucidate me on the "Calvin" reference in the original post by tyler.
Snoop Dogg's former profession was central banker?? All rappers were criminals before they became rappers... but THAT criminal... ouch!
google "calvin+broadus"
Nope...not transitory. Criminal syndicate Wall Street banker retardation is not transitory, either.
Benocide Bitchez!!!
Gee, I dont know, did he? Im an intrigued and concerned educated scholar . In the meantime, BTFD!!
Disinflation meaning falling stock prices, obviously
Yeah, and the vix SOARING above 20. Ho-hum.
loving the snoop dogg reference here and i hope that more than 5% of people get it without googling it!
Give me a large break.
fo shizzle
Thinking the same thing. Count me towards the five percent.
Calvin Broadus = Snoop Dogg. BTW nobody over 30 will even try to google anything like this. Good to see Tyler being playful just as the shitstorm hits.
I resemble that.
It's actually a little scary that I understood the reference and I'm well over 50. Then again Zero Hedge has taught me everything I know and Tyler has used the reference before.
TGFT (Thank God For Tyler)
I stand corrected. CD you're a rare breed. I send much virtual love your way.
ZH ain't taught you nuttin you dint already knowd. Any thing schooled ya wurnt all that.
Sheet any buddy can be a banker, evar wun knowd dat. You jus gotta be a greedy fooker in love wit yer self.
Is that an Irish accent I detect?
What part of Johannesburg are you from? :>)
Contemplating QEb52:
And, guess who's running for mayor of Miami? No really.
What's that? How many Supreme Court cases have you won.
well, considering how many in South Florida are not doing somekind of criminal activity, it may be an improvement.
Dade, Broward, Palm Beach all about to loose US education funds for wide spread cheating on the f-cat. Need some dope from a "doctor", S. Florida is the place to get it, but the governor won't allow prescription tracking.
Shuuush, a 10% commission and you are in business, no questions asked in any language.
Don't get it, I wouldn't know what to Google if I had to.
"Dog" has one "g" just so you know.
Thank you for that, Cougar.
Thanks old man. One "g" in "Dog" ... got it.
"Don't get it, I wouldn't know what to Google if I had to." ------------ Told ya so.
pwned
the extra 'g' is for gangsta
I'll see that on Jeopardy soon. "What is Gangsta, Alex."
The Fed couldn't come out the day after saying nothing of QE3 and announce QE3. That makes no sense bitchez!
...which is exactly why it's happening, bitchez!
"FED UNDERSTANDING OF INFLATION HAS IMPROVED."
Really, is that using the Popperian hypothetico-deductive approach from a Keynesian theoretico-centric Weltanschuung?
Or is it just some more speculative, conjectural bullshit to cast the illusion that they understand what they do not understand?
I almost choked when I read that headline.
So, I guess The Bernank got a good night's sleep, and now it all makes sense to him? In that case, he should only need 10 minutes instead of 15, as he stated on 60 Minutes, back when he didn't understand so well (yet was 100% sure anyway!).
I saw The Bernank downtown at a Starbucks reading "Inflation for Dummies" and using a highlighter.
Right then I knew we were boned.
Blew my mind, totally, the Bernank just discovered unknown unknowns as oppose to known unknowns.
"let's take it a little higher boys, from there it's more fun shorting, eh?"
Like pumping a set of bellows.
Deflation used to be the excuse for massive monetary debasement.
Now the bar has been lowered to "any disinflation".
These are madmen. Protect yourself with precious metals and other hard assets.
They are bankers.
With printing presses.
And this was supposed to work out ... how exactly?
But the disinflation is only transitory..?
Gotta find those bagholders.
Keep jawboning bitch.
"(and no, his first name is not Calvin)."
I am glad I was not the only one thinking that.
foshizzle
note to bernie bernank: bitch please
http://www.youtube.com/watch?v=EBMaYLrl3mU
The whole latest Drama with falling markets is to justify QE3 in people's mind. You also need to build a case in the media.
'they' did not call in "inflation" when housing prices were going up. now 'they' want to call it "deflation" when housing prices are going down.
it is another bit of crookery to help banks and another type of this generation screwing the next generation by demanding the next generation overpay for housing in order to bail out/subsidize the overpay that this generation made on its housing.
just let the thing go and settle out. they are too big to fail so when they do fail, nationalize the banks. start over. what we have now is crazy. and a big lie.
Same thing with Margin hikes; Now that the market is retracing, expect brokers, globex, etc to hike margins. Some brokers have already gotten rid of day margin and are using overnight margin rates full-time.
All talk to keep the markets as stable as possible. More coming tomorrow and more coming next week.
Yup - the plunge protection team hard at work.
Correct. And it is working so well in Europe.
He's probably stuck long and needs help getting out. That's all.
Nah, he's 'former.'
The Bernankio has his plans...I mean orders, firmly in place.
Besides, Fisher, who is not 'former,' wasn't paid much heed anytime he called for rate hikes or the risk of inflation.
Bernank said deflation is no longer a risk yesterday. While he's a criminal through and through, that statement was actually true (inflation is rampant), he's not going to change that statement or his policy now - not for a long, long time.
Bill Gross either lied or is bleeding out at present, while the Squid & JPM are loaded to the gills with every ultrashort vehicle known to the history of derivative markets, with beach chairs and pina coladas, watching everything burn.
Election 2012, where both Rs and Ds will say "see, we don't bailout Wall Street no matter what!" as 401(k)/Pension/Retirement accounts get crushed, and the insiders take a vacation letting their short positions rack up even more profits.
these peole are nuts, we are never going to get out of this mess without a real bout of deflation to clear the slate. they have it exactly wrong. any decrease in prices year over year they consider bad, so we are stuck in an endless increases in credit and money supply which leads to eventual collapse. I have no idea why these people think they are smart. TO be honest I think they know they are wrong, but it's what the bankers (masters) demand so they give it and try to spin it off as being a good thing.
They aren't nuts, nor dumb. What they are are very smart criminals. If you'll notice, all this mess they've created transfers the title to more and more assets to the Fed's balance sheet (and to the other banks) each and every day.
It will only stop once they own it all, completing the current cycle of destruction in order to ensure dependency upon their rule. What's nuts is all those who can see this, yet still support the system as being necessary.
Agreed but I would use the term blatant. Fascism and wealth confiscation up in our face because only 2% know what is actually going on and the remainder are watching Glee getting their info from the headlines on Yahoo and TMZ.
And who cares when you can go to TMZ right now and watch the epitome of American decline and watch the "Live Streaming Lohan Court Case"?
They idolize people who have never achieved a thing in their lives..she has not even succeeded as an actress.
http://www.tmz.com/2011/06/23/lindsay-lohan-probation-violation-positive...
Carpetbagging 101. As it always was and always will be. The distractions and smoke screens have gotten more sophisticated over the centuries, but the MO hasn't changed one iota.
I was thinking a European QE 1 before the American QE 3.
Me thinks the ECB is bluffing..
Sentiments likewise, FED to ECB to BOJ, they gotta keep the devaluation spread out otherwise the proles will realise whats going on.
Slow boil for the frogs.
all I know is... Somebody better get to wrapping this up soon so they can all get on out to the Hamptons & Martha's Vineyard...
The Fed's understanding of inflation has improved.
It's always "transitory". Prices go up, then they level off before going up again.
God help the people of this country.
pray for us, bro
alx
QEthrizzle to muthafuckin infinitizzle.
I'm thinking they want silver to realize it's longer term technical chart pattern down to 22ish before they jump start the printer again.
Extended period/Negative rates
Transitory/Rising prices
Only bernanke could be confused
disinflation....disinformation....all these ass clowns are thinking about now is the vacation in the Hamptons
Isn't POMO for 7 days in July a defacto QEIII? Does anyone expect that the temporary July POMO isn't going to become a regular event? Will the Federal Reserve Bank provide liquidity to the disaster in Europe and soak up all the bad debt on par? Trick questions, but the answer to all is a resounding 'YES'!
Dizzying New Heights of Global Criminal Enterprise...
http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/06/dizzying-new-...
The Bernanke's handlers are scambling after a C-grade perfomance in the pressie yesterday.
Disinflation..what a stupid F**king word. Who is this chump....move along....
Tyler, curious as to how the risk basket is doing in today's day of destruction across risk. In-line?
Time to pop a cap into this pig. Going for TNA at 70.70. If that doesn't drag it down, nothing will.
Come Fill it!
how did you do that !? good job
Broddus is an idiot!! Does the disinflation of declining oil based on government action count?? These guys are completely out of control.....lying their asses off........and should be thrown out of office for misconduct and for fiduciary neglect.
Will 'someone' from "some or any government department or agency thingy" save Megan Smith's or John Morgan's well timed and astute investment of a significant chunk of whatever investable income they had leftover from their last ass raping into LNKD, C or Greek/any-other-PIIGS bonds, "maybe with that Quant...is it quantitative easiness thing?" that they heard about on some news program for a few seconds a while ago?
Anyone?
Stay tuned for the next episode of "Did Yo Ass Get Burned By The Sell Siders Again, Bitchez? Sheeeet, You Must Think You Be Rollin' TBTF Squid Style" [brought to you commercial free by Etrade & Charles Schwab].
Brilliant. I loled
this is bogus. former blablabla means nothing.
former potus says blablabla, is anyone listening to bill clinton, jimmy carter, george bush?
no, former means nothing. it is who is in power now, that means everything.
Apparently disinflation leads to deflation...
But Bernake's plan was supposed to prevent that.
In case you haven't noticed... Nobody's in charge here.
"Deflation." That word is so last century.
Icebergs ahead!
Federal reserve has talked "caution" and "slowing" regarding monetary easing.
White Star Line interprets these signals as "full steam ahead" and "brace for impact".
It's just an iceberg. They can out-run it.
I love you guys. When is the poop gonna hit the fan for the Gods Sake!!
Its been a year now sense my Construction company collapsed and I'm getting bored. The cool 9 dollar an hour job at Val-Mart is getting boring, I can only plot to take it over so many times in a day, snipers on the roof secure the front entrance from the zombies and all. All the cool Weekly World News, Stars and Arnold's baby shit is getting mind numbing, its amazing what the masses read. ( Where is Bat boy when you need him)
O cool the GF wants to go buy some PM's. I think I have collected enough cans to get a O-Zee of silver and may be some weed, watching a slow train wreck gets mighty boring sober.
Hugs and kisses
Getting stoned. At least you have a plan.
The rest of those shmucks, not so much.
Sleepwalkers in a mine field; they won't be awake enough to know they've just been blown to rat shit.
We got about 2 months until feeder corn runs out. It was late planting due to weather and everything in texas went to shit and new mexico is having horrible time. So get some 12 to 18 dollar corn and watch for plummeting chicken and hog prices that turn into astronomical prices.
It's going to get real ugly up in here. Ever see a reporter gulp when he says 2 and a half to 3 weeks of NO feed corn.
Perfect storm, baby. It would be fascinating if it weren't so scary.
Eeeeep...
No he didnt , he is a stooge being wheeled out to try to stem the sell off. Theres going to be alot of this. QE isnt coming back until the S+P is at 1000 and oil 75. And the resulting high will be lower than the years so far. The back of this market has been broken. Follow gold price.
I think I have a pair of jeans with that label.
If the market continues down, they will implement QE3.