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Did Former Richmond Fed President Broaddus Just Give The Go Ahead For QE3?

Tyler Durden's picture




 

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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Thu, 06/23/2011 - 12:09 | 1395157 slow_roast
slow_roast's picture

He's retireded.  Bill Gross has his lips to the Fed's.  I'll stick with Gross.

Thu, 06/23/2011 - 12:17 | 1395230 camaro68ss
camaro68ss's picture

We need 2 weeks of stock market distrution before the bernake makes QE3

Thu, 06/23/2011 - 12:28 | 1395274 spiral_eyes
spiral_eyes's picture

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"

Thu, 06/23/2011 - 21:33 | 1397239 cranky-old-geezer
cranky-old-geezer's picture

"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.

Thu, 06/23/2011 - 12:30 | 1395283 SparkySC
SparkySC's picture

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

 

 

Thu, 06/23/2011 - 12:31 | 1395315 painequalschange
painequalschange's picture

A wise man once said, "Pain equals change"

People will not change their ways unless they feel the pain.

Thu, 06/23/2011 - 13:30 | 1395530 Djirk
Djirk's picture

just change the way the CPI is measured....solved, next

Thu, 06/23/2011 - 13:51 | 1395600 flacon
flacon's picture

"People change when the pain of staying the same is greater than the pain of change"

Fri, 06/24/2011 - 00:38 | 1397575 Thomas
Thomas's picture

"It's only through pain that we can achieve suffering."

Thu, 06/23/2011 - 12:49 | 1395389 earlthepearl
earlthepearl's picture

2 weeks? no
2 months? yes

Thu, 06/23/2011 - 12:28 | 1395277 quintago
quintago's picture

There is no more good news. The market is toast.

Thu, 06/23/2011 - 12:53 | 1395387 oogs66
oogs66's picture

the hedge funds that pay his consulting fees also write his speeches

Thu, 06/23/2011 - 12:05 | 1395158 buzzsaw99
buzzsaw99's picture

bloomie has been pumping the QE3 for awhile now.

Thu, 06/23/2011 - 12:06 | 1395159 Cognitive Dissonance
Cognitive Dissonance's picture

Time to panic.

You have Ben's permission.

Thu, 06/23/2011 - 12:16 | 1395203 mayhem_korner
mayhem_korner's picture

Just traded in a stack of FRNs for some shiny new PMs.  My silver stack is higher than my baseball cards now.

:D

Thu, 06/23/2011 - 12:20 | 1395254 Cognitive Dissonance
Cognitive Dissonance's picture

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. :>)

Thu, 06/23/2011 - 13:50 | 1395618 Nate Taggart
Nate Taggart's picture

Much more rewarding than a handle of rum...  At least the next morning.

Thu, 06/23/2011 - 17:08 | 1396538 Sokhmate
Sokhmate's picture

do you recommend an online source to buy PMs with minimal markup? thanks.

Thu, 06/23/2011 - 12:09 | 1395161 swissaustrian
swissaustrian's picture

So DISinflation is not transitory?

Thu, 06/23/2011 - 12:17 | 1395206 mayhem_korner
mayhem_korner's picture

And inflation is distransitory.

Thu, 06/23/2011 - 12:26 | 1395266 wandstrasse
wandstrasse's picture

Disflation is intrinsic.

Thu, 06/23/2011 - 18:04 | 1396742 blindfaith
blindfaith's picture

so what the hell does this idiotic statement mean???

  • BROADDUS SAYS FED UNDERSTANDING OF INFLATION HAS IMPROVED
  •  

    Gosh, we're happy to hear that.

    Thu, 06/23/2011 - 12:26 | 1395285 augie
    augie's picture

    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. 

    Thu, 06/23/2011 - 13:07 | 1395364 wandstrasse
    wandstrasse's picture

    Snoop Dogg's former profession was central banker?? All rappers were criminals before they became rappers... but THAT criminal... ouch!

    Thu, 06/23/2011 - 14:42 | 1395813 Bob Paulson
    Bob Paulson's picture

    google "calvin+broadus"

    Thu, 06/23/2011 - 12:19 | 1395221 Cdad
    Cdad's picture

    Nope...not transitory.  Criminal syndicate Wall Street banker retardation is not transitory, either.  

     

     

    Thu, 06/23/2011 - 12:07 | 1395172 dasein211
    dasein211's picture

    Benocide Bitchez!!!

    Thu, 06/23/2011 - 12:34 | 1395180 plocequ1
    plocequ1's picture

    Gee, I dont know, did he?  Im an intrigued and concerned educated scholar . In the meantime, BTFD!!

    Thu, 06/23/2011 - 12:08 | 1395183 SignsAndWonders
    SignsAndWonders's picture

    Disinflation meaning falling stock prices, obviously

    Thu, 06/23/2011 - 12:37 | 1395335 spooz
    spooz's picture

    Yeah, and the vix SOARING above 20.  Ho-hum.

    Thu, 06/23/2011 - 12:13 | 1395184 lettuce
    lettuce's picture

    loving the snoop dogg reference here and i hope that more than 5% of people get it without googling it!

    Thu, 06/23/2011 - 12:14 | 1395217 aheady
    aheady's picture

    Give me a large break.

    Thu, 06/23/2011 - 12:27 | 1395268 Shell Game
    Shell Game's picture

    fo shizzle

    Thu, 06/23/2011 - 12:28 | 1395275 TempFlashback
    TempFlashback's picture

    Thinking the same thing. Count me towards the five percent.

    Thu, 06/23/2011 - 12:29 | 1395278 GeneMarchbanks
    GeneMarchbanks's picture

    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.

    Thu, 06/23/2011 - 12:30 | 1395310 Cognitive Dissonance
    Cognitive Dissonance's picture

    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)

    Thu, 06/23/2011 - 12:45 | 1395350 GeneMarchbanks
    GeneMarchbanks's picture

    I stand corrected. CD you're a rare breed. I send much virtual love your way.

    Thu, 06/23/2011 - 13:17 | 1395500 cougar_w
    cougar_w's picture

    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.

    Thu, 06/23/2011 - 13:52 | 1395629 Cognitive Dissonance
    Cognitive Dissonance's picture

    Is that an Irish accent I detect?

    What part of Johannesburg are you from? :>)

    Thu, 06/23/2011 - 13:28 | 1395523 EB
    EB's picture

    Contemplating QEb52:

    And, guess who's running for mayor of Miami?  No really.

    What's that?  How many Supreme Court cases have you won.

    Thu, 06/23/2011 - 18:23 | 1396783 blindfaith
    blindfaith's picture

    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.

    Thu, 06/23/2011 - 12:29 | 1395282 cougar_w
    cougar_w's picture

    Don't get it, I wouldn't know what to Google if I had to.

    "Dog" has one "g" just so you know.

    Thu, 06/23/2011 - 12:31 | 1395313 aheady
    aheady's picture

    Thank you for that, Cougar.

    Thu, 06/23/2011 - 12:41 | 1395338 GeneMarchbanks
    GeneMarchbanks's picture

    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.

     

    Thu, 06/23/2011 - 13:37 | 1395569 cougar_w
    cougar_w's picture

    pwned

    Thu, 06/23/2011 - 13:01 | 1395423 lettuce
    lettuce's picture

    the extra 'g' is for gangsta

    Thu, 06/23/2011 - 15:50 | 1396255 Pez
    Pez's picture

    I'll see that on Jeopardy soon. "What is Gangsta, Alex."

    Thu, 06/23/2011 - 12:14 | 1395192 slow_roast
    slow_roast's picture

    The Fed couldn't come out the day after saying nothing of QE3 and announce QE3.  That makes no sense bitchez!

    Thu, 06/23/2011 - 12:16 | 1395198 DonnieD
    DonnieD's picture

    ...which is exactly why it's happening, bitchez!

    Thu, 06/23/2011 - 12:14 | 1395193 SecondComing
    SecondComing's picture

    "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?

    Thu, 06/23/2011 - 12:18 | 1395228 NotApplicable
    NotApplicable's picture

    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!).

     

    Thu, 06/23/2011 - 12:27 | 1395290 cougar_w
    cougar_w's picture

    I saw The Bernank downtown at a Starbucks reading "Inflation for Dummies" and using a highlighter.

    Right then I knew we were boned.

    Thu, 06/23/2011 - 12:34 | 1395307 GeneMarchbanks
    GeneMarchbanks's picture

    Blew my mind, totally, the Bernank just discovered unknown unknowns as oppose to known unknowns.

    Thu, 06/23/2011 - 12:16 | 1395200 TradingJoe
    TradingJoe's picture

    "let's take it a little higher boys, from there it's more fun shorting, eh?"

    Thu, 06/23/2011 - 12:23 | 1395245 NotApplicable
    NotApplicable's picture

    Like pumping a set of bellows.

    Thu, 06/23/2011 - 12:16 | 1395202 Bam_Man
    Bam_Man's picture

    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.

    Thu, 06/23/2011 - 12:32 | 1395301 cougar_w
    cougar_w's picture

    They are bankers.

    With printing presses.

    And this was supposed to work out ... how exactly?

    Thu, 06/23/2011 - 12:13 | 1395204 gbresnahan
    gbresnahan's picture

    But the disinflation is only transitory..?

    Thu, 06/23/2011 - 12:13 | 1395205 qussl3
    qussl3's picture

    Gotta find those bagholders.

    Keep jawboning bitch.

    Thu, 06/23/2011 - 12:13 | 1395208 painequalschange
    painequalschange's picture

    "(and no, his first name is not Calvin)."

    I am glad I was not the only one thinking that.



    Thu, 06/23/2011 - 12:21 | 1395235 Careless Whisper
    Careless Whisper's picture

    foshizzle

    note to bernie bernank: bitch please


    http://www.youtube.com/watch?v=EBMaYLrl3mU

    Thu, 06/23/2011 - 12:15 | 1395214 RetiredSilverBug
    RetiredSilverBug's picture

    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.

    Thu, 06/23/2011 - 12:15 | 1395216 kato
    kato's picture

    '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.

    Thu, 06/23/2011 - 12:21 | 1395238 PingaYourFace
    PingaYourFace's picture

    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.

    Thu, 06/23/2011 - 12:18 | 1395218 John McCloy
    John McCloy's picture

    All talk to keep the markets as stable as possible. More coming tomorrow and more coming next week.

    Thu, 06/23/2011 - 12:20 | 1395232 Foul Ole Ron
    Foul Ole Ron's picture

    Yup - the plunge protection team hard at work.

    Thu, 06/23/2011 - 12:21 | 1395234 Cdad
    Cdad's picture

    Correct.  And it is working so well in Europe.

    Thu, 06/23/2011 - 12:15 | 1395223 PingaYourFace
    PingaYourFace's picture

    He's probably stuck long and needs help getting out. That's all.

    Thu, 06/23/2011 - 12:25 | 1395225 TruthInSunshine
    TruthInSunshine's picture

    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.

    Thu, 06/23/2011 - 12:16 | 1395226 dcb
    dcb's picture

    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.

    Thu, 06/23/2011 - 12:28 | 1395271 NotApplicable
    NotApplicable's picture

    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.

    Thu, 06/23/2011 - 12:31 | 1395299 John McCloy
    John McCloy's picture

    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...

     

    Thu, 06/23/2011 - 13:18 | 1395496 Sunshine n Lollipops
    Sunshine n Lollipops's picture

    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.

    Thu, 06/23/2011 - 12:16 | 1395227 THE DORK OF CORK
    THE DORK OF CORK's picture

    I was thinking a European QE 1 before the American QE 3.

    Me thinks the ECB is bluffing..

    Thu, 06/23/2011 - 12:28 | 1395276 qussl3
    qussl3's picture

    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.

    Thu, 06/23/2011 - 12:20 | 1395229 francis_sawyer
    francis_sawyer's picture

    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...

    Thu, 06/23/2011 - 12:20 | 1395233 Bam_Man
    Bam_Man's picture

    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.

    Thu, 06/23/2011 - 12:19 | 1395246 alexwest
    alexwest's picture

    pray for us, bro

    alx

    Thu, 06/23/2011 - 12:24 | 1395253 Bangin7GramRocks
    Bangin7GramRocks's picture

    QEthrizzle to muthafuckin infinitizzle.

    Thu, 06/23/2011 - 12:30 | 1395286 scatterbrains
    scatterbrains's picture

    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.

    Thu, 06/23/2011 - 12:30 | 1395287 Sutton
    Sutton's picture

    Extended period/Negative rates

    Transitory/Rising prices

     

    Only bernanke could be confused

    Thu, 06/23/2011 - 12:31 | 1395289 dexter_morgan
    dexter_morgan's picture

    disinflation....disinformation....all these ass clowns are thinking about now is the vacation in the Hamptons

    Thu, 06/23/2011 - 12:27 | 1395291 New American Re...
    New American Revolution's picture

    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'!

    Thu, 06/23/2011 - 12:31 | 1395292 Arch Duke Ferdinand
    Arch Duke Ferdinand's picture

    Dizzying New Heights of Global Criminal Enterprise...

    http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/06/dizzying-new-...

    Thu, 06/23/2011 - 12:31 | 1395293 InconvenientCou...
    InconvenientCounterParty's picture

    The Bernanke's handlers are scambling after a C-grade perfomance in the pressie yesterday.

    Thu, 06/23/2011 - 12:28 | 1395298 Archimedes
    Archimedes's picture

    Disinflation..what a stupid F**king word. Who is this chump....move along....

    Thu, 06/23/2011 - 12:33 | 1395305 ZeroPower
    ZeroPower's picture

    Tyler, curious as to how the risk basket is doing in today's day of destruction across risk. In-line?

    Thu, 06/23/2011 - 12:37 | 1395324 mynhair
    mynhair's picture

    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!

    Thu, 06/23/2011 - 15:20 | 1396058 gatorontheloose
    gatorontheloose's picture

    how did you do that !?  good job

    Thu, 06/23/2011 - 12:42 | 1395354 Hondo
    Hondo's picture

    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.

    Thu, 06/23/2011 - 12:50 | 1395370 TruthInSunshine
    TruthInSunshine's picture

    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].

    Thu, 06/23/2011 - 13:06 | 1395458 cougar_w
    cougar_w's picture

    Brilliant. I loled

    Thu, 06/23/2011 - 12:53 | 1395388 bankruptcylawyer
    bankruptcylawyer's picture

    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. 

    Thu, 06/23/2011 - 12:54 | 1395393 carbonmutant
    carbonmutant's picture

    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.

    Thu, 06/23/2011 - 13:22 | 1395507 Sunshine n Lollipops
    Sunshine n Lollipops's picture

    "Deflation." That word is so last century.

    Thu, 06/23/2011 - 13:10 | 1395448 White.Star.Line
    White.Star.Line's picture

    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".

    Thu, 06/23/2011 - 13:11 | 1395464 cougar_w
    cougar_w's picture

    It's just an iceberg. They can out-run it.

    Thu, 06/23/2011 - 13:07 | 1395462 HileTroy
    HileTroy's picture

    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

    Thu, 06/23/2011 - 13:11 | 1395478 cougar_w
    cougar_w's picture

    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.

    Thu, 06/23/2011 - 13:14 | 1395476 Bansters-in-my-...
    Bansters-in-my- feces's picture
  • BROADDUS SAYS ANY DISINFLATION MAY PROMPT FED TO CONSIDER QE3
  • BROADDUS SAYS FED UNDERSTANDING OF INFLATION HAS IMPROVED
  •  Broad Ass says Rothschilds cum taste like lobster,but wonders WHY he just gets the
  • Hot Butter
  •  

    Thu, 06/23/2011 - 13:30 | 1395540 Hephasteus
    Hephasteus's picture

    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.

    Thu, 06/23/2011 - 13:52 | 1395615 cougar_w
    cougar_w's picture

    Perfect storm, baby. It would be fascinating if it weren't so scary.

    Thu, 06/23/2011 - 14:39 | 1395815 carbonmutant
    carbonmutant's picture

    Eeeeep...

    Thu, 06/23/2011 - 13:49 | 1395594 equity_momo
    equity_momo's picture

    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.

    Thu, 06/23/2011 - 14:23 | 1395730 Things that go bump
    Things that go bump's picture

    I think I have a pair of jeans with that label.  

    Thu, 06/23/2011 - 20:45 | 1397131 Buck Johnson
    Buck Johnson's picture

    If the market continues down, they will implement QE3.

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