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Fed Monetizes $5.2 Billion In 2016-2017 USTs
Today's POMO is over, as the Fed monetizes $5.19 billion in 11 bond CUSIPs. The Submitted to Accepted ratio plunges once again, this time to 4.6x,
as the Fed is desperate to absorb ever more of what the PDs put to it. The money has already flowed through risk assets, and now the traditional POMO fade begins (although we have yet to hear if the SPY buy ins are proceeding as State Street has demanded, or if that wild card will still be pulled later today). The next thing to look for on the central bank intervention front is imminent BOJ intervention, now that the USDJPY is back to the critical 83 threshold level.
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What happened to the Bond Vigilantes?
Oh, I forgot.
They are all Fed Front-running PigMen living in Newport Beach.
Vigilantes got cheap rent at 33 Liberty....
Robo, is that you without the push-up bra? :>)
LOL...
That was nasty. LOL
ROTFLMAO! Appears QEII is taking place and will rally round the pigmen till after the nov 2 vote for change! It's all being priced in for helter skelter thereafter!! Lamestream media is doing a bang up job on dis-info for sheeple!! Thanks for the porkin pigmen belly laugh! Illustrious one!!!!
Looks more like Elton John.
Good job, Ben. Your dream of killing the dollar is coming true.
In the end game, it matter not who dies but who dies last.
.....and the band played on
Straight up today, zero retrace, yesterday straight down little to know retrace. If your not in position at cash close your crap out of luck. If you wait for all economic data to be released before taking a position there is little to know gain to be had. Bottom line here is all economic data is being leaked and Goldman is front running this. There simply is no other logical explanation.
"We have politely made clear in all our speeches ... that we will not monetize the deficits,"]
http://www.reuters.com/article/idUSTRE63D4NC20100415
These men have no morals ..none.
Or they are colossally stupid.
NO, these are not stupid men. We would be colossally stupid to ever entertain the notion that we're dealing with incompetence or idiocy. That entire concept is the ultimate in planted psyops, to believe that this is all simply misguided folly.
After all, to believe this is all deliberate and by design would boil the blood. But to believe it was stupidity will actually offer hope that other smarter individuals might come along and fix this mess. Thus we have no real reason to revolt and make the change ourselves because Underdog is just around the corner.
Don't play their game of wait until it's too late.
Good point, but where do we draw the line in the realistic expectation that these are not fallible men with quasi-omnipotent abilities?
I submit that it isn't a question of drawing the line for that line was crossed many years, even decades ago. We're simply in denial about it and the proof is on display on ZH and many other blogs on a dialy basis where the Ponzi is exposed for all to see.
The real line that must be crossed is within. When will we accept that the line has already been crossed and when will we find the courage to do something about it?
When, when, when? Are you long or short on that question?
Very good point C.D. Given the amount of time and resources our leaders have had at their disposal, these plays and more in advance have already been anticipated.
No reason to believe the end game is complete failure. Wild cards can and have always been manipulated.
Desensitization application begins with the media.
"We're not going to monetize the debt," Mr. Bernanke declared flatly, stressing that Congress needs to start making plans to bring down the deficit to avoid such a dangerous dilemma for the Fed.
Was he under oath when he 'declared' this to congress? Can we prosecute this lying bastard.
Folks at the ECB must be soiling their pants. At 1%, their rate is 4x the Fed's and infinitely larger than the BOJ's 0%.
The MSM was all over BOJ's "cut in rates" - from .1 to .0%?! I think the bigger news was that they would be buying stocks in their little fund.
$5 billion's a relatively large POMO...
Looks like they cut it short...either nothing was submitted or nothing accepted?
too much excitement for one day.
You misspelled excrement.
Nope, he misspelled erection.
Chump change, bitches.
You can't fight the Fed for now. Equities going up, dollar down and therefore gold/commodities up up up. The only thing that can stop this is OIL over $100 per barrel. If the Fed loses control of the oil market, that could truly derail their party
I would bet SOR release has already occurred. Know any solvent oil traders not solely hedging for buyers?
These mf'ers know no shame. But you gotta remember, this is Berlin, Armageddon. They cannot let this market topple. They will fire every last round they have to prevent this Ponzi from completely melting down. They absolutely have to.
So fuck em. Tried to post some funny shit at the site. Where's a banzai chart when ya need one? Nice pic last night btw...
http://thecivillibertarian.blogspot.com/
And I always thought it was illegal to counterfeit.
It's only counterfeit when other people or entities do it. When you do it in the name of "the people" it's Gods work of the highest order.
All hail Caesar.
perfect
You're on a roll this morning...
A compliment of the highest order. Thank you.
Why do the corporations even bother to give quarterly reports anymore? It's not like any of this information really has any impact on the markets. The only thing that matters anylonger is what comes out of Ben Bernanke's mouth. Yeah him, the same guy that said we didn't have a housing bubble in 06 and the same guy that has studied the great depression so much he is determined to cause one. Kinda reminds me of a book I read as a child, The Pied Piper...
This is Time's "Man of the Year." The recession has ended, Jackson Hole, Oct. 09. Reappointed by the Nobel prize winning President a week later.
Tahoe, these are our heroes. The crooks are winning all the prizes. Soon they will be giving away winning lottery tickets to those residing on death row.
Welcome to bizarro fucking universe.
Just don't call them "bigots."
It's going to close above 1150 today.
POMO ERECTUS
Chart: USD/JPY
Tom Cruise is a Samurai warrior.
http://99ercharts.blogspot.com/2010/10/usdjpy_4412.html
Is $5.2Bn a relative big buy?
At least we have two very clear visible events in todays market....
http://screencast.com/t/bLuHigHtWEdF
Oh thank god. Finally the economy will turn around now.
I can remember when a billion was a lot of money.
I prefer the American billion over the English billion.
I must be showing my age because I can remember when a million was a lot of money. You know, about 15 or 20 years ago, back in the good old days.
Oh, that's right. Considering what's coming, today is the good old days.
What happens when the POMO MOMO goes straight from the PD's to commodities?
They do it again...and again
Huge Ramp on Huge Volume.
we aren't even getting a fade.
Screw Elliot Wave this rally is breaking out just like it did last summer.
This is amazing, the FED will not relent. Short sellers are finished, just like 2008.
I <3 boobs.
Even with the market pump mania, still a net loss in purchasing power.
is it too soon to make a side bet on which country will harbor Bernanke.
Financial Minister of Zimbabwe?
So tomorrow is the last POMO and then we live POMO free until we get the new schedule on October 13th?
The monetizations will continue until morale improves.
Hey the other day the site said the next day to monetize was the 7th. shame on ZH, once more you guys yave to post this the day before, or have a link on the site easy to see that shows the dates!!!!
http://www.newyorkfed.org/markets/tot_operation_schedule.html
Yes, exactly - how else are you to get any value from the subscription fee you are paying for the pleasure of accessing this site?
Somebody do the math. POMO will not be stopped and gold will increase more or less at the rate it has been going. When will it stop? Tell me what stops this? A reviving economy? Employment report on Friday that is Leo's dreamed off 300,000+ print? How can that happen?
I think of late the wheels come loose on the roller coaster quite quietly and it may not be noticed at first - put another way, I think I heard a soft cracking noise coming from that vast shelf of snow hanging up on that mountain. Look at the lack of reaction to Ireland. Hit the snooze button.