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Everything Is Now Correlated Exclusively To The Fed's Balance Sheet
The chart which we presented a few weeks ago courtesy of Sean Corrigan sees a few additional components added to it. Whereas before the chart focused on the Adjusted Austrian money supply and commodity prices, it now sees the addition of the S&P and Junk spreads. In a word: every single asset class correlates 1:1 with the Fed's balance sheet. If the Fed is really planning on ending QE2 on June 30, the market collapse will be epic. And, yes, this should not come as a surprise to anyone.
Courtesy of Sean Corrigan of Diapason.
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This is surprising. I am exclusively surprised.
- http://www.youtube.com/watch?v=rcY6bP7gFko
This proves the Fed and the Bernank are guilty of crimes against humanity.
Tweet “Project BLS Mayhem”. The Bureau of Labor Statistics are a lie.
We are getting this project going on Zerohedge.com
The participation rate in the labor market hit a new low since March 1984.
The BLS is making people obsolete and not counting them as unemployed.
What can we do to get everyone who is unemployed to apply for a job so they can be counted in the U3 headline unemployment rate and go on-line and apply for unemployment compensation?
How can we get the word out using social networking sites to get people to apply for a job so they will be legitimately counted in the BLS statistics?
I apply for unemployment compensation every 6 months even though I know I will not get it because I am not eligible for it, just so I can be counted and not put in the U6.
What can we do? “Project BLS Mayhem”.
This could be a Zero Hedge and Infowars “Project BLS Mayhem” activity all ZH’ers and Infoworriers can participate in it by spreading the word to do this.
We could have a sticky on the sidebar about it.
What can go wrong? Some people will find a job?
Just keep calling your retarded Senators and Congress men and tell them what I do.
The Federal reserve is ruining the value of personal savings and driving up the prices of everything ( well, at some point nat. gas has got to move up) and the Fed. in cahoots with US Gov's ethanol policy is causing starvation and death around the world.
Tweet; Everyone unemployed should apply for unemployment on-line. It's easy.
Totally off topic - Dennis Miller had a caller on his show who referred to Pelosi as "Pelosi Galore" after the James Bond "Pussy Galore"....hilarious. I think you should rename your avatar!
It's on topic in the macro sense of ZH. It's only off topic to people who want to maintain the status quo.
You think 'MeRiKans give two-bits about creating jobs?
All they care about is iCrap v.XXX and 'MeRiKan idoltry Season XXX.
Everyone knows the jobs are gone, gone, GONE!
Just ask Ross Perot (who 'MeRiKans thought sounded queer and had funny ears, not Hollyweird like ol' Simon "Da Brit").
Hey, and good ol' Ben Bernank is in the middle of hyper-inflating the U$D as commanded by the (D) & (R) sock puppets - Only an idiot wouldn't know this is about turning .GOV liabilities into pennies on the U$D, and propping up assets (can't have big $$$ RE or equity markets losing $$$ value).
Is anyone really surprised by this chart? LOL!
Are you all gonna feign surprise when gasoline hits $10+ dollars a gallon?
You should be happy to be have an income, even if it only buys 1/4 of what it could in 1999!
Only a fool would use dollars as a point of measure - And don't be caught holding them when the music stops!
(Oops, you poor foreign devils...)
You see, the bankster tribe will nuke us all if this doesn't go their way...they're doing god's work!
Just ask Hank "Tanks In The Fuckin' Street" Paulson (the Fourth Horsemen of the Apocalypse)
P.S. If you're living paycheck-to-paycheck, you better start saving food now, and if you're counting on SSI to buy your food, hope you enjoy the pair of Happy Meals your monthly remittance will be able to purchase...
Any casual perusal of history clearly indicates that conflicts can be distilled down to the people vs the clan.
If it provides any solace, experience also tells us that the tribe traditionally loses. Sure, they may attempt global war in a last ditch effort to preserve the wonderful slave system they so carefully crafted. But in the end, they are always defeated, and will again this go around.
Ultimately, the question is not whether the system crashes (that's a given), but to what extent the chosen will be purged during the post cathartic period.
Well said.
I really enjoyed the article. It proved to be very useful to me and I am sure to all the commenters here! It's always nice when you
Firma
very well said
Thanks for sharing this. I voluntarily quit my job as a detestable state-level education bureaucrat eight months and have not been counted. And I still can't find ANY job besides substitute teaching!
I'd like to see the stat for those of us who are self-employed and living on less than a third of the income we generated 5 years ago, not eligible for unemployment so foraging work wherever we can. High fives to others in my position. Hell- we'll make- too damn tuff not to.
What can we do to get everyone who is unemployed to apply for a job so they can be counted in the U3 headline unemployment rate and go on-line and apply for unemployment compensation?
I wasn't aware applying for a job qualifies someone to draw unemployment
It doesn't. Applying for a job and applying for unemployment gets you counted in the statistics. They are two separate things you can do to get yourself counted. It doesn't matter if you are able to collect or not.
+1 - I am not surpised that you are surprised because I am very surprised & would expect others to be as surpised as you or I...
Well. Does this mean that the "growth" is not organic? Sigh!
it means Taco Bell is now rated as gourmet
I am shocked I tell you. the next thing you know they will find gambling going on in this establishment.
I am Jack's total lack of surprise.
+1 for thematic relevance.
Strange...I'm unusually uncertain as to how to respond to this...
The run for the exit will start before June. However, there is no alternative to QE3++++ with 80% of 2012 budget for entitlements, defense and interest, 46 mm people on food stamps, nearly 20% of workforce underemployed per gallup, tax revenue stagnant due to the elite 1% outsourcing nearly all the good jobs, state muni financing off the table, congress is a joke, housing is collasping again, civil unrest on college campuses, $120/bbl oil, Middle East chaos. Investing in precious metals, oil, agr commodities is the only answer.
The market , one way or another , will be heading below the March 09 lows by 2015.
Inflation , deflation , stagflation , biflation. Argue till you are blue in the face , i shall start bottom picking with a 4 handle on the S+P.
You could do that providing you have convertible currency such as,,,,you know...
That's why QE is not going to end ever
Cold Tukey - No, but could they slowly unwind, gradually reducing the "prop up".
Like a baby from the teet or a heroin addict from the needle.
I would suggest no. Looking at the chart, the previous highs were reached without using the FED balance sheet. This indicates that the QE is not flowing into the economy to be used and abused, but it is being used by banks exclusively to recapitalise.
Any drop in QE and the banks leave the trading floor. This is a great chart. Kudos Dylan and Tyler.
+1
Fed can't stop as their printing is the only mechanism to soak up the now annual $5T in T's (w/out a massive interest rate spike). However, Fed can't kickoff QE3 now w/ oil above $100, ags, PM's all screaming. So there must be an interim market drubbing and uptick in unemployment (BLS just reports the truth for a couple months)...and then when Merican's are getting scared again and asking the politicians to do something, voila - QE3.
Pladizow....would you please change your avitar....... takes me forever to read your comments...... keep having to start over and over and over.
pladizow learned from banzai that people only look at the pics
Judging by your avatar, you're goin' blind doin' that! (filthy monkey!) :>D
they'll go the other way.. say June is the cutoff but then drop it all in April and be long gone by May
>That's why QE is not going to end ever
Never end? And I always thought unsustainable processes inevitably ended. Maybe this time is it different! Nah. History always rhymes.
I'm surprised there hasn't been more said about the "Friday" effect for Silver/Gold.
Go back and see during this run from last summer and just about every Friday (even with job reports) has had strong surges in the metals.
Interesting how the Fed release is on Thursday at 4:30pm.
usually big shit happens over the week-end
I was just tuning into this. I had a vague hunch that because it was friday there might be a move but I hadn't researched it. I will now.
Is this gross 1:1 correlation event truly historically exclusive?
WE ARE ALL TYLER DURDEN
It is time for Zerohedge to move beyond the financial blogoshere. It is time to enact Project Mayhem.
Our homework this week is to re-educate the masses by submitting a brief explanation of the effects of Fractional Reserve Banking to the comments section of 2 popular non-financial blogs, any blogs so long as they are non-financial & mainstream popular.
Example to cut and paste if required:
……………………………………………………………………………………………….
It's time to end Debt-Money!
Through a process known as Fractional Reserve Banking, private banks get the right to create our money out of nothing in the form of debt. This debt-money they lend out to the public as loans and the cost of which is born through-out our society.
When banks create this money they loan it out at interest, meaning that while they created it out of nothing we trade our labour and time for other peoples 'loan-tickets/debt money' to repay them. And as it is loaned at interest, it requires more debt money to be created to make the additional interest portion. As such we are locked into an ever increasing debt trap, beholden to the banks for the very money we need to pay them back while the banks profit from the fruits of our labour in the repayment of interest on make-believe money. For everyone who saves a dollar, another person must be a dollar further in debt.
More information is available through:
Money as debt:
video.google.com/videoplay?docid=-2550156453790090544#
positivemoney.co.uk
en.wikipedia.org/wiki/Fractional-reserve_banking
zerohedge.com
If all bank loans were paid...there would not be a dollar of coin or currency in circulation. Someone has to borrow every dollar we have in circulation. We are absolutely without a permanent money system.
Robert A. Hemphill Atlanta Federal Reserve Bank
Banks lend by creating credit. They create the means of payment out of nothing
Ralph M Hawtrey, Secretary of the Treasury, UK
what is project mayhem? can you justify such a travesty of language?
If your question is serious, you need to watch "Fight Club". There, you will find your answers.
First Rule of Project Mayhem: You do not ask questions.
2. Second Rule of Project Mayhem: You DO NOT ask questions
Is under control sir...... Industrial song.....
http://www.youtube.com/watch?v=aOcFidhu4O8
Sorry, but I found it too cynical...I flipped out after fifteen minutes. May be wrong as I never saw it thru.
GFY
here, this might be more your style
http://www.youtube.com/watch?v=gyBjtXXjQ80
project mayhem---> living within a balanced budget
Project Mayhem.....
http://www.youtube.com/watch?v=rGIY5Vyj4YM
http://is.gd/vSGsd4
To: Matto
Your cut and paste letter and link to the video "Money as Debt" are both somewhat flawed.
See: http://www.freedomforceinternational.org/freedomcontent.cfm?fuseaction=money_as_debt&refpage=issues
+1 - thanks for the link.
Plad - good link, technically you are right, the interest can be earned by the bank and respent into the economy to be re-earned as interest for someone else. that would require 100% of interest to be expensed i believe to function correctly. In practice my understanding is that the interest re-spent isn't enough to keep up with the debt expansion. I heed your point but believe its more one of theory than the reality we face of debt expanding faster than money is created.
I will look into it more as soon as I get a chance.
ps. The piece I wrote is just an example, by all means write a new one!!
You don't talk about Project Mayhem
you either
When explaining money created out of thin air to the masses, leave out the debt aspect, it confuses the issue.
Just say the Fed is creating / printing gajillions of dollars out of thin air, severely diluting the value of the dollar, why prices are rising.
"Project BLS Mayhem" bitches.
"..first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. "
am heeding Jeffersons warning.. Ben will stop the presses, we'll get massive deflation and default everything to the banksters. They win.
Maybe, but possession will remain 9/10 ths of the law.
It's 10/10 ths in my armory.
To: Jason T
"..first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. "
After a little research, I found that there is no proof that Thomas Jefferson ever said this.
He was probably drinking Muscat wine, his favorite.
He said it while he was banging one of his favorite girl slaves.
Are you saying that he had favorite boy slaves TOO?
(Not that there's anything wrong with that!)
They win. Game over. Pay them what they are owed. THIN AIR!
It should come as a surprise, but to some it does.
Primarily, three dumb bastards on ZH.
But one of the bastards is promising and end to QE and a crash in gold! I'm still waiting for the info on where the miraculous healthy economy comes from to fill the giant sucking hole that QE would leave.
Where is Hamy anyway? You never see him or Tyler in the same room.
One night Harry started methodically junking every post comment Tyler ever made.
He was never seen from again, in real life.
Hamy on the other hand... is ready to give you surprise sex any time you turn your back.
disclaimer: </silly>
Spalding_Smailes, WilliamtheBastard, and MathMan: The Three Blind Trolls.
After today's rise in Ag, any remaining credibility they had has slipped quietly beneath the waves...
QE 3 and 4 will pass and QE5 will be the talk of the town.
SPEND YOU MONEY NOW BECAUSE IN 2 YEARS IT WILL BE WORTHLESS!!
You down with QE3, Yeh you know me!
Who's down with QE? Every last homey.
http://video.google.com/videoplay?docid=6015291679758430958&q=%22an+idea+whose+time+has+come%22&total=17&start=0&num=10&so=0&type=search&plindex=0#docid=-7760821786905609611
20:28 is priceless
If you really believe the USD will be worthless in two years, then beyond converting (buying) assets of real worth (commodities), you should consider delaying payment of any large tax payments. Unless you are a very big fish, the IRS is backlogged by about two years on even the most basic withholding errors. The IRS would need to reevaluate the priority of audits with a collapse in USD real worth.
So is there a risk of a mini tax revolt for those in the know?
If there is a devaluation of the USD then one must consider the present value of future tax outlays. Delay tax payments as long as possible, and then negotiate a payment plan. By the end, conversion of taxible income up front would then leverage down your tax bill, even if interest is applied.
But in a hyper-inflationary trend we must consider the impact on effective (offsetting) taxation. How do you tax when the currency is losing value in real time and is exposed to potential re-valuations against dilution away from dominant reserve currency status.
Looking at a sequence of inflationary (QE) events, taxation (income tax) as a source of revenue is comparitively static when compared to USD accute debasement. It is this imbalance which amplifies the loss in buying power.
Mark Beck
"CBO projects a federal budget deficit of $1.5 trillion in fiscal year 2011 year and $1.1 trillion for fiscal year 2012, with much of the improvement in the latter year owing to the lapsing of spending related to the 2009 stimulus package.
At the federal level, Social Security and Medicare face unfunded obligations of $66 trillion. Moreover, state and local governments also face substantial unfunded pension obligations.
Shortly after the Borrowing Committee last met, the FOMC instituted a $600 billion asset purchase program. Since then, Fed rhetoric has continued to emphasize that both employment and inflation are below levels consistent with their monetary policy mandate. This has reinforced market expectations that the Fed will follow through on the entire $600 billion plan, currently scheduled to be completed in June. At the same time, sharp public criticisms of asset purchases, as well as an improving economy, have both contributed to expectations that no further purchases will be instituted after the present program is completed."
Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee
http://www.treasury.gov/press-center/press-releases/Pages/tg1047.aspx
HAHAHAHAHAHAHAHAHAHAHAHAHAHA. Stop it, you're killing me!
reality speaking: it's not like QE is their only method to expand the money supply....just saying
Agree.
TARP and QE are publicly announced programs.
Who knows how many gajillion FRNs have been created and given out behind the scenes out of public view.
There are about $950 Billion FRNs currently in circulation. All the rest are figments of everyone's imaginations.
You think that just because your debit card still works you've got money?
you believe that shit (i heard it, too) its a manifestation of hopium
QE∞
Are we approaching the end of history?
Are you Fukuyama...? he thought so back then. Before Hungtington torpedoed him!
I think the beginning of a new era.
But it will take a decade for people to really care and stop putting it all up.
Younger people, student, will need to make themselves heard before there is a chance of change. But it won't be this generation, it will be the next. The current is brain death.
From what I've seen, the next generation is also brain dead. We will have to reorganize public education before any real progress with healthy brains is accomplished.
It's going to get worse with the decline in mommy and daddy's paycheck plus inflation. They will have to work a 5th job to get by, and junior will have to do without mom and dad. Maybe, when he is caught drug dealing he can go to prison and cost us taxpayers an extra 35k dollars a year. Dumb laws are also killing this country's ability to fix "deficits".
I'd be willing to bet a shiny nickel more college age kids know who the evil twins of Walker/Koch are than know about the ass clowns running the Fed and Wall Street. Prolly believe Bernancke a hero, if they have even heard of him.
My kid is in college and does survival trips living off what he can carry--might come in handy. If I showed him a pic of bernanke.....he probably would reply "he's that banker guy"
Not quite yet, but on a lighter point. Gardening would be a lot easier. Cheap fertilizer. Crap gotta call and sell my POTash.
Rigging up a steam powered wood chipper might be useful for after The Fall.
And we all fall down together.
Communism, shommunism. Labels. The state is now the owner.
Owned.
ORI
http://aadivaahan.wordpress.com/2011/03/03/straykitty-wrote-in-after-a-while/
Can we squeeze charts of iPads, video porn, guns and mason jar sales in there too?
GM---General Shitmotors logged a new 52 week low today of 32.01...one whole dollar below Geico's syndicate bid....must be because dealers have to park their inventory on the roof of their dealership to make room for more Chevy Volts...that Car and Driver just test drove in Conn. during the recent cold snap( discovery--batteries drop there charge quicker then shit--cutting fuel milage in half)
Oh, snap!
CR hot off the press. Ranking of 2011 manufactures has Fysler and Government Motors sucking everyone's exhaust.
The Volt was the laughing stock of the electric car world before the first one hit the dealership. It's amazing how high profile alternative energy projects that suck are, ethanol is another example. I can't tell where the hyping a technology that can't sell itself ends and the undermining of an entire school of thought (sustainability) begins. Energy is as fucked as the banking. I was doing some reading about Nathan Stubblefield - an early pioneer of telegraphy. When the duh moment hit, DC can't really travel more than 10 miles-how did the telegraph get coast to coast? If you drive two electrodes into the earth one copper and one zinc you get low voltage from the potential difference and the earth! I took the multi meter out to the park and picked up 2+ volts the first try (try it yourself). There are super simple step up circuits you can make that can give you ~10v (or more!) from that much supply voltage: the joule thief: http://www.emanator.demon.co.uk/bigclive/joule.htm
Here's a proof of concept vid: http://www.youtube.com/watch?v=agqKEed7AOI
We don't even need macro wind or solar (in most applications). Why isn't this common knowledge? The most expensive part of this project is the $5 multimeter.
http://www.bookrags.com/wiki/Earth_battery
Oh yeah, Stubblefield was greeted warmly with his new technology, he literally starved to death after the shunning he received.
I wish folks talked more about this kind of info than what kind of gun or ammo they like. Of course the shit is going to hit the fan and we know who's hurling it but there are plenty of other positive developments to be explored. How warmly would you be received if when you bug out - you brought this kind of info (especially overseas)?
And when you applied load to that circuit what was the voltage?
I haven't yet, but the technology is well documented and there are working examples around the globe, youtube is a good source for checking it out. The projects range from dead simple to fairly complicated with higher outputs. I've yet to read a bad review of the technology. From my reading the biggest hitch is that it doesn't like bone dry soil, I did it in sand and it worked too, apparently there is a variation called a sea battery... I'm just starting out with it, there are a lot of more qualified folks to talk with about this. Everytime I've pm'ed a tinkerer from youtube I've gotten a response and was once startled to find out it was a popular science author writing me back. Most folks are actually pretty helpful. Let us know how it goes for you.
I just reread your question, I don't know if you were talking about the joule thief or the earth battery. I have built some JT's, I would start out with less than a volt and got it up to nearly 10 (driving leds), I think you can buy joule thief's prefab from China now and I know that you can get any kind of prewound toroids to spec'. Speaking of that (coils), if you choose to wrap one yourself, you wrap two wires around the coil simultaneously. If you cross the wires while you are doing it - the coil won't work.
Here's an even simpler step up circuit with no windings: http://www.youtube.com/watch?v=71vtcl-G4dw
There are prefab JT's online, I can't vouch for any of them, the ones that state output usually say triple input but the coils don't look they have many windings either.
b2bm-where ya gonna get them electrodes when they rot away? And great question above about loading the circuit. You oughtta try it b4 u claim it as a "great technology."
- Ned
Copper doesn't rust or rot and neither does hot dipped galvanized (aka zinc), there is a list of materials on the earth battery link, many of the electrodes don't rust or rot. The tech' worked for the telegraph, been working for awhile now. Nothing's perfect, we accept many forms of solar work only during the day or when sunny, wind works when it's windy etc. Apparently one of the drawbacks here is that one of electrodes often has to be moved a foot or so once every several months. I wouldn't want to send you down the wrong path, it might cost you $10 and you might learn something on the way. I'll get back to you when I've done all of the work for you (I feel like I already have). Fuck, your welcome.
back to the drawin' board for ya. Look up what "cathodic protection is." Happens all the time in industrial plants. Potential differrence across the plant screws up grounding and instrumentation. But V**2/R ain't for shit.
- Ned
Do you really believe that the energy generated by the "earth battery" comes from the earth?!?
The energy comes from the zinc metal being converted into some zinc chemical compound (like a zinc salt). All you're doing is recovering some fraction of the energy that was used to convert zinc ore into zinc metal.
So if you're planning on powering your doomstead with "earth batteries", bring truck loads of zinc, in metal form.
+0.758 e.g.:
http://www.hilaroad.com/camp/projects/lemon/electric_potential.html
[ed. Yes, he really believes!]
Not enough to tickle a flea's testicles...
sorry, Hulk, I'm gonna steal that line [but I will credit the source] +10
I damn sure make some mistakes but there is a lot of documentation online about this, IT WORKED FOR THE TELEGRAPH.
you need to do the experiment, which I implore you to do. Make those circuits and try and power anything at all in your house. Report back to us on the results of your experiment...
You will learn a ton by doing this experiment.I'll even start you off. Any step up in voltage ALWAYS results in a loss of power...
http://www.youtube.com/watch?v=Cr9eEaldcnY&playnext=1&list=PL5C79E19B59D...
In the vid' there is NO step up circuit, there's more power available than that.
On of the reasons earth batteries weren't settled on as the final tech for telegraphs (so it is claimed) is inconsistent readings from place to place, never less than a volt but sometimes as high as 18, it definitely works though.
So, my plan to extend the life of my AA's by putting them in the fridge is bogus?! Oh, the Humanity! </sarc>
"Yeah, I'm in this bitch with the terror
Gotta handful of stacks, better grab an umbrella
I make it rain, I make it rain
I'm in this bitch with the terror
Gotta handful of stacks, better grab an umbrella
I make it rain, I make it rain, make it rain on them hoes"
(quote thought to be attributable to one Ben Bernanke)
You can throw food stamps on that graph too...
Oh, SNAP!
Good catch. I wonder what all will go into the next Misery Index.
RFK-
Did you really have to come up with that bad old nightmare?
- Ned
.
The FED's balance sheet is the same as that of the last of the great Komnenos : Manuel the magnificent, who lost the Greek Empire to the forces of change. ...at Myriokephalon, in 1176 and what followed by his own incestuous clan of degenerates who declared project MAYHEM in Constantinople.
In other words, QE did exactly what it was designed to -- stem off deflationary pressures and reinflate asset prices.
Snooze....
How's your top 40 doing there, Meth?
he and the boys are bored at work. it's late friday afternoon, and he's tired of power dialing his cold calls. so he thought he'd stir up the zh crowd, for a few gits and shiggles. he's shooting for 20 junks, responses and/or combos.
i gave him a junk and a response for the effort. basically, throwing the guy a bone.
Good show! I'm glad he is making the attempt. He mimics what I hear from various people in life, mmmmm good cool-aide!
Funny, I thought it was designed to polish a turd.
http://www.youtube.com/watch?v=hBj6PonX14A
Get back to work MethMan!
You know how easily those red-hot presses overheat while cranking out all of those Bermonkey funbux unless they are continually doused with the blood of the working stiff!
Get back to work. That $1.1 billion in $100 dollar notes need to be throughly inspected.
http://www.dailymail.co.uk/news/article-1336287/Fed-forced-quarantine-1b-100-bills-printing-error-makes-worthless.html
.
Meth boy opens his locker, removes his McDonalds uniform, only to expose his signed photo of Ben Bernanke, the one that captures his bored disdain whilst fielding questions from Congressional overseers.
Could you imagine austerity and QE together? Shit, we would be better off in Greece!!!
In the year 2025...
LOL
yo! timmahW!
projecting the FED's Balance Sheet forward to 2025, we find that the FED has been out of business for 14 years.
now, the short tyleresque piece, here, mentions JUNE 30th as a date for the ample woman to step to the mic and warble her black swan song.
i think blythe will still be hauling in the miraculous silver fish she is trapping, even now...
i figure after Labor Day, myself...
or maybe some monday which is neither before nor after Labor Day.
who knows?
YouTube - Al Green - take Me To The River (1999)
It is 2525, just saying.
If anyone wants to hear the song:
http://www.youtube.com/watch?v=5tLTb4P1HD8
Of course, if we do not get off this planet, someday a big rock will come along and kill us all anyway.
Dinosaurs 0, big rock 1
Humans 0, big rock 1
I'm sensing some sort of pattern in the planet(s) I inhabit...
The worst thing you can do for humanity is to convince leaders there is no God, and they have no souls.
In that case, the world lasting only one day after they die, is a win.
Here comes the hockey stick save... everyone ready?
How much was the total on the Tier-3 assets right before the collapse in 2008? How much has Bernanke printed so far? Are we in the inflation camp or defaltion camp?
That's a scary chart.
The necronomy is fine!
It's a good thing we have free markets here in the US.
A 'crack-up boom' as von Mises called it in Human Action, chapter17
see: http://mises.org/humanaction/chap17sec18.asp
If there is a 1:1 correlation between the Fed's balance sheet and the S&P, then if the Fed ends QE, but doesn't undo what's been done, shouldn't the S&P just level off?
Yes, we've entered a permanently high plateau.
+.618
If there is a 1:1 correlation between the Fed's balance sheet and the S&P, then if the Fed ends QE, but doesn't undo what's been done, shouldn't the S&P just level off?
No, because of maturation of the securities (in part). Also the 1:1 correlation refers more to timeframe, not absolute value. It requires at least some growth of the Fed's balance sheet to even keep the S&P flat.
Note what happened in the period between when QE1 ended (April 2010) and QE2 was hinted (End of August 2010) - the S&P went down from 1200 to 1050.
Only if nobody decides to sell in order to lock in profits.
Which, given the fuel this fire has had, I'd say a race for the exits is in order.
Then again, at this point only the dumbest money is still playing, so who knows?
Oh Snap!!!
errr......................Silver? 4 days into delivery and its still bid
See Meth Boy. There are tons of silver available just for the asking. 1000 oz bars just littering the place. Meth Boy has been offered a job by the Canadian Mint, as Yard Man to pick them up.