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Well now we can all stop wondering. Wonder if it will be sell the news now that we have clarity. Looks to me like Bears have been on the sidelines simply waiting for a decision.
As I said in the other thread:
The 2/10 yield curve would flatten.
Da bitch has flattened like Senator Robert Byrd's EKG.
Now we're going to see compression in the markets where the 2 sticks around 0.50% and the 10 dives down to test 2.25-2.5% yield levels.
Fed just jumped the shark. All credibility gone. Gold blue sky this month. >1500 by year end. And im not even a gold bug , im just stating how this is going to go down. JPM are going to have to short the output of South Africa and China combined to keep a lid on this.
Kiss it, Goodbye.
(but we knew that along time ago).
It's too late to become flexible.
Question is, can one remain flexible?
It took me a second, but that was funny. Thanks.
Agree with Rusty 100%. Truly funny. Great minds here at ZH.
Take $500 (or local currency) from the ATM Thursday! "Let's Deflate the Bitchez!"
Black Friday to follow - the 13th will be unlucky for some. I call crash.
Too funny. That's the second time I've seen that today and on two wildly different forums.
Thanks for that crappy advice, LeBalance. I tried it and got slapped.
Thanks for the reply.
grab ass kiss it
safari atnt suck
what a croc of chit
S&P up 5+ points in seconds based on a bad economic outlook.
Any news that borrowing costs (bonds) are going to remain low is beneficial to the S&P companies who are waist-deep (and soon to be neck-deep) in debt.
'SWOOOOSH'!! Trademark that quick! Oh wait...
Hoenig was that 4th dentist who just never believed in flouride
I think the quote you are looking for is "4 out of 5 dentists surveyed recommended sugarless gum for their patients who chew gum". I think that would make Hoenig (in your analogy) dentist #5 (who apparently recommended taffy). I don't think the analogy holds. It's Bernanke giving out the candy. Consequences be damned
Who wants gum?
I do! I do!
Machoman: I respectfully disagree.
And special thanks to ZH for being so quick on the draw with these bulletins <removes hat>
Bernanke to China: Screw you. We'll buy our own bonds.
China to Bernanke: Since you are buying treasury bonds, how about buying some of the ones that we are selling. XOXO
China to China: Hell, let's take a lesson from the US and buy our own bonds
for just a leetle while.
I mean, let's really think about this:
1) Government is financed via a "bank" that prints it little pieces of paper (or digits) that it can use to "pay" for its shit. Government issues IOU's to said "bank"
2) Millions all over the world get their asses out of bed every day to slave for said paper/digits. In this case, the slaves trade labor for said "paper" that said "bank" prints and gives to said Government
3) What happens when said slaves become aware of said scam?
4) Guillotines appear. Federal Reserve employees surreptitiously burn their IDs in fireplace and bury the ashes. Tell neighbors they worked for Federal Employee Credit Union.
It will probably get to the point where anyone with a "Federal" employer is gonna be watched VERY closely!
) Chinese General Says U.S. Provocation Risks Economic Response
"Aug. 10 (Bloomberg) -- A Chinese general said U.S. plans to send a nuclear-powered aircraft carrier to the Yellow Sea may lead to retaliation from China, the biggest foreign holder of Treasuries.
"Imagine what the consequence will be if China’s biggest debtor nation challenges its creditor nation," Major General Luo Yuan, deputy secretary general of the People’s Liberation Army Academy of Military Sciences, wrote in an editorial today in the state-controlled English-language Global Times
China to US: "Put that big D!ck in your pants, no one wants to see it!"
dow to infinity... AND BEYOND!!! (facepalms all around)
Its Havenstein all over again.
Havenstein was kindergarten compared to this baby.
In the circles of gov-owned eCONomists, they do try to one up the big boy on the block.
Gets them a belt knotch at the Bohemian Grove.
...or Gideon Gono
> "and will employ its policy tools as necessary to promote economic recovery and price stability."
The Federal Reserve is like a numbing agent, so that when you burn you hand you don't feel the pain -- until it's too late.
market should end green today! ALL HAIL BB!
and Rome burned.....
Euro Bitchez !
and gold is turning green
whiskey tango foxtrot thank god i don't have children that will be fighting in the next war
but you will be.
yes i know and ready for it,this one will actually be justified
The war won't be middle class against ruling class/Federal Reserve employees. That'll come after.
I'm guessing, when Obama has to pick an enemy to distract Americans from their emptied out 401-Ks, Venezuela will get the nod. They have oil, after all.
Someone once said: " The Fed will NOT monetize the federal debt". Who was that guy that said it?
Maybe he meant he won't monetize it with real money, because they are instead using that extra $1.5T in proceeds from earlier auctions to fund the current "demand?"
I might just hit my home refi target rate sooner than expected.
ASSHOLES! Everyone of them..... EVEN Hoenig. If he was that adamant about his feelings he would resign his post and officially come out in favor of auditing the FED.
+ a +/- $1200.
No no no, we need him there and one day make him the Chairman when everyone else resigns.
You know, if one pays heed to the advice produced by ZH, one will lose out on many, many opportunities to make money in the market.
Why do you guys so fight the fed. It seems everyone here knows the fed is going to inflate asset prices; why doesn't this site play up the earnings potential afforded by this reality?
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