This page has been archived and commenting is disabled.
Fed Treasury Holdings: $1,000,341,000,000
It's time for the Fed "one trillion" hats- as of 2:00 pm Eastern, the Fed's Treasury holdings have surpassed $1 trillion. Add to this the well over $1 trillion in MBS and agency debt held by the Fed, and there is your perfectly quantified reason why the S&P has just hit a two year high, and why the Nasdaq bubble is alive, back, and will soon retest its 2000 highs. Basically, with the Fed the de facto purchaser of all securities with a yield of under 4%, the entire definition of a risk-free rate per the MPT has to be scrubbed. To be sure, risk-free will very quickly become risk-full when and if the Fed, in its attempts to succeed with central planning where so many have failed before, either finally loses control over rates, or far less probably, decides to remove some of these extra trillions in free liquidity. Until then, the banker party is on in full force. The reason for the penetration of this key psychological barrier was the completion of today's second POMO operation, which added $1.619 billion in TIPS securities. By the end of this month, the difference between the Fed and the second largest holder of US debt will have surpassed $100 billion... and continue climbing at a rate of about $30 billion per week. And it will not stop.
»
- 12810 reads
- Printer-friendly version
- Send to friend
- advertisements -
I've ordered my Fed "ten trillion" hat. I hope it gets here in time.
Jeez; a trillion here and a trillion there; before you know it it adds up to a need to go try to find some real money; somewhere.
I'm still waiting to see this headline scroll across Bloomberg TV
What, 'Platinum, Ahead of Precious Metals, Break Out on Fed's Trillion Dollar Holdings'?
As a kid I used to play monopoly with my brother during the summer vacations.
Sometimes we played on 1 game for 3 weeks.
But after 1 or 2 days the banks didn't have any money left, so we needed to be creative.
I had a XT 86 and a Epson 8 needle printer and I printed money like crazy. While we where playing there was always one of us cutting the bills.
And because there was so much money, we needed to be creative with the houses to because there was so much money and otherwise it would become borring, we used Lego blocks to replace the houses.
Lego because we could stack it up and use more blocks on one property.
Somehow, I think that's the reason why I became so good at math and became a money greedy wolf.
At age 15 I had my first "business" where I sold copied programms on 3,5 floppy's and I also sold candy from my suitcase at school. I did pretty well because when I was 18, I already saved 25.000 euro because of that little business. When I went to college, I also started a webdesign business and even as a student I made 4 times more then my profs. And in the last year, I did my internship in my own company as director :)
I grew up bending the rules to make money and kept on doing it. Bending the rules is what makes it all great.
Not so much bending the rules as creating your own reality.
On the other hand, embracing the Matrix often produces an easier, though far less interesting, life. That's why Cramer, to whom the Sheeple flock, will always have a higher audience than ZH.
Do you still have that Epson 8? The Fed might need it.
What a stud, but complimenti to every entrepreneur!
Better than beeing a boring banker employee.
Did you pay for express shipping?
you gotta know when to hold em, know when to fold em, know when to walk away and know when to run
Trillion, lets see what a Quadrillion looks like
What does a quadrillion or even just 10 trillion look like? Cities ablaze.
Hope that helps.
I bet they can print that on 1 bill that will fit in your wallet if needed.
Never let good waste go to crisis
1+
comment of the week award
Ever.
Popping Champagne at the Fed tonight.
I to wondered this, then remembered all the "Caribbean Banks and Hedge Funds" this # was passed a long time ago. How sad it is that even in the unaudited totally opaque books they admit to this.
So by,
Do we mean, they would sell the Treasuries/MBS on the open market? Or at least try, and fail?
I have no clue what in the hell you are all worried about? Bennie says that this chit was contained 2 years ago.....So far its still contained, when in the fuck does it blow uppppppppp?????? At what point does $30 Billion a week begin to not sink in is beyond me? How do I earn $30 billion a week? Throw money at the market, go long, and buy the fucking dip....yes, when all else fails.
The FED should be able to sell tresuries on the open market, albiet at a steeply disounted price. However, i do acknowledge the selling of treasuries gets far more difficult if the US government is not honoring the bond at face value (i.e default).
This will end in tears and broken dreams and the sad part is it will most likely be my tears when gas is 10 bucks a gallon.
No lube.
You have to realize that to your banker overlords, your own blood is the lube for your ass reaming.
Now bend over and smile like a good slave.
I am actually starting to get the sense that fed plan is actually working on the employment side - the fed has now pushed copper about 500% higher than the cost to remove it from the earth, i suspect australian and chilean employment will soon boom as they hire anyone with a pulse to head down into any open hole in the earth to search by hand for copper
As copper continues to rip hire, the cost to build a new home or run electricity anywhere will become functionally prohibitive
So, the Fed will have achieved their dual mandate -- increasing employment in places like australia and chile while simultaneously driving the cost of consuming the basic necessities of life totally out of reach for the US population
Kudos
Not just for the countries that have resources, But also for the ones that have labor. There are tons of programs designed for people to trade in thier appliances, electronics and used batteries so some 3rd world worker can smelt the metals back out.
Ahh the smell of vaporized lead in the morning.
Well said, fuggetaboutit.
An extremely sad and depressing, +1
no matter what the cost, can we remove them from the earth?
Dollars or Metals? Bernanke said on 60 minutes that he is 100% confident he can remove excess liquidity from the system in 15 minutes. He has a PhD in economics and a rosy outlook for housing.
Dollars or Metals? no, members of the Fed
Not sure. But we should probably get a bigger boat :) QE9000!
I believe him. Announce a stop to QE 2. Sell a $trillion dollars worth of treasuries at .50 cents on the dollar. Wait for the government to default since there are no more buyers of gov debt and the gov has huge cash flow issues. massive deflation sends the dollar to the moon. Top 40 artists to remake "happy days are here again" in order to keep a roof over their head.
Will he do it? most likely not.
That pretty much how Meredith Whitney described (60 minutes and just now on CNBC) about how the muni bond market is going to play out at the state and local levels. They will be trial runs for the fed to observe for their own exit strategy.
"Bernanke said on 60 minutes that he is 100% confident he can remove excess liquidity from the system in 15 minutes."
He is drunk, high on crack, meth, heroin, extacy and LSD all at once. Yet, he could quit all of this in 15 minutes.
Free money is a drug.
+1. Yes it is. Atleast substance abusers are honest about it. And many will take the effort to make sure it does not affect anyone else.
The coming hyperinflation is going to punish the innocents in the short term and destroy the ethical fabric of western civilization for generations.
"Atleast substance abusers are honest about it. And many will take the effort to make sure it does not affect anyone else."
Ha ha ha ha ha what planet is that on? The same one where drug dealers are good family men trying to take care of their mothers wives and children and would never hurt anybody?
Well, the way markets USED to work is the price of something increases until it kills demand
If the argument is there is "no copper" out there, I dunno, save that one for the tourists -- remember the argument that there was "no oil" out there? funny how quite a bit showed up at $150 per barrell
At this point, I am not sure there is a single "market" left - prices are being set arbitrarily, not by actual supply / demand, so anyone who graduated middle school knows that right now, as we speak, incorrect asset allocations are taking place because the market is operating on bad information (sort of like in CY 2000 we wound up with 25 companies that sold pet food online, when you value one of them at 25x revenue, lots of others show up)
I continue to marvel people's willingness to subscribe to a plan by the very same people whose rampent and abject stupidity itself created the need for a plan to begin with - not to mention the fact that the exact same crew tried everything in their power to keep asset prices from breaking lower (anyone remember the socgen episode?) and they STILL got obliterated, but now its all clear?
Staggering really
Happening as you speak.
http://www.theaustralian.com.au/national-affairs/chinese-to-fly-in-for-mining-jobs/story-fn59niix-1225970522296
Welcome to the Full Circle Jerk.
I'm in need of stronger medication to prevent my mind from telling my body, to go and do something it might regret.
I bet if we could all see 20 years into the future, we might all be thinking of closing the garage door with the engine on.
I started on a mild anxiety medication 2 years ago. Now I have 4 friends on Lorazepam. I think the doctors are being told to give it away, to keep the population calm and orderly.
So now when I absolutely have to shoot someone, I will be calm and orderly about shooting someone.
To infinity and beyond!
So when are the other debt holders going to blink? Can't imagine Japan or China is overly pleased.
Japan already received some of our nuclear material on the cheap... perhaps they'd like some more? Just tell them to keep their mouths shut.
In a crisis, central banks need to add liquidity, but against good collateral at a high interest rate. Let's give Ben credit for 1 outa 3.
http://therookiecynic.wordpress.com/
Hey TD looks like you dropped a sarc flag somewhere. Though lots of people are sure hoping it never stops. Even, betting on it.
But as I like to say; gravity wins. Gravity always wins. Doesn't matter who you are, gravity kicks your ass all over the place.
I'd say here that "it's gonna be interesting to watch when gravity finally wins" except it's not going to be interesting at all. I think it's likely to be terrifying. When gravity stirs itself and awakens and finally wins.
Thats right, while everyone is believing The Bernank has invented the perpetual motion machine, nothing could be further from the truth. $10 billion print and pumps daily will soon end in a horrible crash (designed) and the Phoenix will rise from the ashes in the form of 1 world govt, 1 world currency. It is near.
I've never bought into the NewWorldOrder conspiracy meme -- and still don't -- but what you said is absolutely true. Whether designed or not, that's what we'll get.
On the surface it might not be a bad idea. But a lot of smart people have wondered on that exact point and come up with some really bad pictures of 1-world.
It's fantasy fiction, but the ZH reader is encouraged to look up the ground-breaking "Appleseed" illustrated novel by Masamune Shirow, or his followup "Ghost in the Shell". God-damned twisted stuff and really accurate to the world of technology and manipulation. The Laughing Man will mess with your mind.
Someone wants to start a war. When they are well positioned to profit from it, there will be a war. Nothing can stop it now. My brain hurts when I think about what comes after.
+1000 I couldn't agree any more. I also don't subscribe to the NWO meme but I will say, those that do, have plenty of evidenc to support their case- either a group of totally insane men are setting the world up for total meltdown --or-- I'm living in a nightmare. Pass the vice grips! Let me see if it hurts my foreskin!!!!
$1 mutha-phucking-trillion buckaroos! Let's go for $2 T WHY THE HELL NOT?!
bahahaha....NWO!!! Its been here for many decades. You must not be a christian, otherwise you would believe in things you can't see. America has been an investment since day one. Nothing else. If you believe in the magical constitution, please let me know its working in your favor.
Do you see one scintilla of evidence to prove it otherwise? Just in this year alone, how many so-called liberties were removed? Shit...you gotta have a handbook and a license now for a fucking home garden.
Do you really think Bernank and company, or his masters give two shitz about fiat currencies? Do you really believe their "net output" from operations is measured in fiat $$s? If you do, then you are falling in line just fine. Who wins in a game of Monopoly...the guy with all the properties/hotels, or the guy with all the money. LOL....get it yet???
Sorry, but dollars are imaginary. There is nothing to stop them from printing to infinite.
The only time "gravity" will kick in is when no-one accepts dollars anymore, no matter the denomination, as has happened in Zimbabwe.
But they dont intend to print to infinity, just enough until theres no way out, (really already there the debt can never be repaid its a mathematical impossibility) then the 'crisis' can be thrown at us...starving and freezing people will be glad to have their worthless FRN's exchanged for the new 1 world currency under a UN 1 world govt. Wont be long now at all.
Hey. Are you trying to ruin my day? Cuz if you are it's working.
Im sorry.
"But they dont intend to print to infinity, just enough until theres no way out, (really already there the debt can never be repaid its a mathematical impossibility) then the 'crisis' can be thrown at us...starving and freezing people will be glad to have their worthless FRN's exchanged for the new 1 world currency under a UN 1 world govt."..
this is technically correct as it presuposses that which has been demonstrably true for a very long time...that being the amrericans r a bunch of bitch made mother fuckers who will quickly go to blows over there chosen football team but do absolutely nothing n the face of an on going banker led gang banging that will leave them completely ass out...
I was going to take issue with your characterization of Americans, until I realized you were broadly correct.
However.
That could change quickly. Not saying it will, but it has in the past. Maybe today we lack the intelligence or independent will these days to rise up, I look at the MSM and the malls and universities and wonder. I guess we'll find out.
But notice that gravity still wins. So we are in broad agreement.
Zimbabwe bound, except we have more nuclear weapons than we have churches.
"Let's see what this eatery can do"
"She's out of control!"
"You win again gravity!"
Laws of nature, what fucking laws. These fools believe they don't have to abide by any laws. They are the law, natural or otherwise.
It's good to be the Sun King, I think I will have the little people build me a Pyramid.
And it will not stop.
Until it must. And then the fun begins.
I think the fun is going to resemble that which you can see in the movie 'The Road'.
Good times headin' our way.
I'm thinking more like "A Boy and His Dog" - but yeah, fun.
If by "fun" you mean "terrifying daily struggle to survive", that is.
For certain values of "fun" that overlap with the set of all things that are "fail", yes. Lots of fun.
Trees do grow to the sky?
As in the parlance of ZH: Kucinich Bitchez!
The Need Act.
Mr. Denniger has the scoop today:
CLICK HERE
Dennis to atone for Health Care sellout and issue a new Federal Reserve free currency? Interesting....I wonder how long before GW writes this up, momentarily I suppose.
I hope Congressman Kucinic doesn't plan on driving through Dallas in a motorcade..
Another confirmation the country is totaly fucked when Im agreeing with Dennis Kookcinich.
Heh - you and me both, SD-1!
+1.
I just saw the headlines about the Census numbers causing redistricting, and started to wonder how Ron Paul will fare now that he's gained a hold on a small lever of power. Texas is gaining four seats, while Ohio is losing two. So Paul will still have a district, but it could be gerrymandered into a dem stronghold, while Kucinich could lose his district altogether, as I'm sure that both parties would be quite happy with these outcomes.
I've never said much about Denniger before, but I see he sure doesn't like Ron Paul, as he ignorantly/intentionally mis-characterized Ron's approach to sound money, which is a free-market stance, rather than a governed one that Kucinich has put forth.
How can the Fed ever withdraw?
I think people are confusing "keeping rates down" with what is really going on with the Fed.
I believe the Fed is doing what they are doing because the alternative would be failed auctions.
Of course, its all pure desperation mode now. Theyve 'fixed' nothing. The FED originaly believed it could take some billions, pump the markets, and retail would jump on the new bubble and the pass-off would be complete.
Now many trillions later, theyre looking at a dead empty market retail is long gone as the FED's worst nightmare has come true- theyve been discovered as a bunch of private bankster pirates and retail will have nothing to do with them.
So now the only conclusion is plan a mass national disaster, implode the whole thing so their tracks can be covered and bring about 1 world govt, 1 world currency.
You obviously haven't been paying attention to HarryWanger's posts.. Shame on you...
He seems to be gone!
Like I said a year or so ago... if you are going to blow something up, make sure have enough explosives! This mess is going to have to swell until critical mass is reached.
My first ever ZH post:
I think the FED is picking up after the Federal Government. To fix the problem, we need to balance our budget. Then, we can begin to tackle the debt problem. If we did that, the foreign purchasers of our debt would feel secure in their investments. However, it is politically distasteful to cut spending, balance budgets, and cut debt. Thus, the foreign purchasers of our debt are getting nervous and are no longer interested in covering our deficits. In conclusion, the FED must monetize as the government has left them no other option to prevent interest rates from exploding higher and the government defaulting.
By the way, I purchases my first roll of Ag Am. Eagles online. Apparently, they are "in the mail." I hope I get them. How many do I need to survive what is coming?
Where did you get em from? APMEX? Don't hold your breath....
I purchases my first roll of Ag Am. Eagles online. Apparently, they are "in the mail." I hope I get them. How many do I need to survive what is coming?
Zero. You need stored food, a sure fire way to get water, and a means to defend what you have, to survive what is coming. (A way to stay warm if you're in a colder climate). Silver will help you survive and prosper what comes next after that.
"Don't worry honey, I'll withdraw before it's too late."
Congrats to all the people in congress, senate and the true leaders of the USSA; GS, FED and their White House cronies .
You guys surely know one "shitty deal" from the other.
Special thanks to B 100% confident Bernanke, our children will be forever indebted to you.
LMAO
WOOHOO! We're Number 1!
Most people would be scared shitless by the amount of debt we have created, but not us. We go where no bank has gone before. Next will be the international central bank and then the galactic central bank and then the universal central bank.
Sounds pretty stupid, until you consider that we started with moneylenders, moved to goldsmiths, then national banks, then the BIS, then... is there no end to debt?
I'm hopeful we will finally answer the question: just how stupid are humans?
1 world govt, 1 world currency is the final solution. And it will be shitty. 1984, Brave New World, F451 has nothing on whats coming soon.
You obviously have not considered that there must be alien bankers and we are the next new emerging market. :))
Or, consider this frightening fact- The bankster ARE the 'aliens' and always have been for thousands of years! Uh oh.
Which would answer the question: how stupid are humans? Nicely done. :)
I have to admit.. That has crossed my mind..
http://en.wikipedia.org/wiki/They_Live
Rent the movie- it is hilarious.
Seen it probably 20 times at least!
I own it. One complaint, where are the Reptoids? Where are the Dracos? Which is where V steps in...
Just change the word 'debt' for the word 'currency' and TA-DA!; problem solved.
What's the difference?
This Note Is Legal Tender For All Currency Public and Private!
Woo-hoo!
I'll take the rounding error, thank you very much!
"Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it becomes, marked: 'Account overdrawn.'
Getting pretty close to account overdrawn....
http://www.youtube.com/watch?v=xre9I7odXls
Definite signs of a vibrant economy.
BREAKING NEWS: His Majesty the Paper Ben has just been awarded a new title "The Trillion Ben"
Try to poor water into an already full glas, see what happens! This simple analogy will show you, visualized, what will happen to this "market", soon! Sooner then we all want to believe, think or even admit!
Yep I agree....or my personal favorite analogy- Trying to put 50 pounds of bullshit in a 25 pound sack.
So why would anyone want to be short the market? Ride the tape and the Fed, its only just beginning.
OH well Im fully involved in the market...as long as youre talking about ammo and food storage markets and such...yes Im fully invested!
"We're not going to monetise the debt........"
Wow, imagine if you put that shit on a frequent flier affinity credit card! POW!
Let's ALL go to Maui...and I mean EVERYONE.
AIG, US Steel, BankofAmerica, Olympic Steel, CAT all up 2-3% on the news.
I can only assume you worship at the alter of Gary Pilgrim.
I think you should buy low and look for a big pop, yes.
On one grueling marketing trip, Mary Meeker and I found ourselves in Wayne, PA, in the offices of Pilgrim Baxter meeting with none other than Gary Pilgrim.
"Tell me the Intel story," Gary said to me. "Well, the stock has already doubled off its bottom, but their new 486 microprocessor ..."
Gary Pilgrim cut me off. "Perfect. Let me interrupt and tell you what we do around here. We like fundamentals all right, but we only buy stocks that are already going up, that have momentum. Our success is based simply on finding these momentum stocks and buying them in size. Stocks that go up keep going up. Stocks that don't go up keep not going up. Now what was that about Intel?"
This guy was crazy, but apparently this style of investing and these so-called momentum funds were the hottest thing on Wall Street. Pilgrim Baxter had been posting great performance numbers using this method and lots of other funds were becoming momentum funds. It didn't make much sense to me.
At the end of our meeting, I sheepishly asked Gary, "Wouldn't you want to find stocks that are about to go up, rather than ones that are already going up?"
"We don't have the patience for that," he answered.
There it was in a nutshell. Momentum funds needed performance NOW, and couldn't wait around for a stock to work. Instead, they bought stocks that were "proven," even if they had already doubled. This struck me as more like gambling than investing. Blackjack cards or a craps table gets hot and gamblers at the surreal Caesar's Palace flock to it and bet more.
Wall Street as a casino is an overused metaphor, but an apt one. I am always asked what stocks to bet on, what are the odds that something will work, should the investment be doubled-down? I hate the tie-in. Casinos are for losers. Gambling is a sucker's game. Everybody knows the games are rigged against gamblers -- the odds are set so the house always wins. Wall Street is about access to capital for great companies. If you do your work, you can find these great companies that do better than the market. Gary Pilgrim was impatient. He and momentum investors just wanted to find the hot table.
There was a time I would agree with this and it will probably be true in the future, but now it looks like everything is correlated. Everything except the dollar went down in 2008. Since March 2009, everything except the dollar is going up.
solid fundamentals
sordid fundamentals indeed
But, But the charts,The Deficit, The Long Bond , The Bollinger bands, The Hindenburg Omen, The puts, The strikes.. Sorry, Im just having an 80s flashback
1880s perhaps?
Lately I find myself flashing to the 1380s skipping over the industrial and agricultural revolutions entirely.
There is only one chart to follow. The POMO chart. Everything else is nothing but psychedelic wallpaper designs you can find at Jolly Joint or Utopia, If they are still around.
cue Robo with another chart showing some fluff stock hitting a 2 year high...
LOL
... and boobies. Don't forget the boobies...
Make sure it's totally random, worthless, and detached from the broad issues. Then, of course, repeat it several times in the same thread with different stocks.
If there were any real journalists or reporters in the mainstream not under control of the govt/corp overlords, they should be screaming panic, a call to arms "the Bernanke is loose!".... instead we hear only psychobabble about trivialities.
I think you meant "US journalists" because journalism in other countries may still have a bit of life in it yet.
US journalism began the long slide into compost about the time of the Reagan administration. I wouldn't trust a journalist today to cover anything outside of high school sports.
US journalism was purchased by Wall St. by the 1930's at latest.
You are probably correct. I'm frequently accused of being overly optimistic.
Not so fast. This appeared on The Daily Mash today.
BRITISH MEDIA URGED TO DO DECENT THING WITH REVOLVER 21-12-10BRITAIN'S media has been urged to go into its study with an old service revolver after the Daily Telegraph had to trick Vince Cable into revealing Lib Dems and Tories don't get on and the BBC accused Wikileaks of publishing 'tittle-tattle'.
Let's not take any chances Across the country, abused audiences said they could not stomach another day of it as experts confirmed that Britain's media organisations were now smearing fresh stool across the bottom of the barrel just so they could scrape it off again.
Professor Henry Brubaker, of the Institute for Studies, said: "When I saw the business secretary was the subject of an undercover sting, I asked myself - is he dealing drugs? Is he involved in some sort of scam? Or perhaps he's just a dirty bastard?
"Turns out the answer is none of the above, but the Daily Telegraph has decided that undercover reporting should now be used for gathering Vince Cable's gossip."
Meanwhile, as the Telegraph's political editor was getting little girls to do his job for him, the Today programme's John Humphrys accused Wikileaks of peddling 'tittle-tattle', while deploying a straight fucking face.
But the interview with Julian Assange was cut short as the Wikileaks editor choked violently on his tea and was rendered clinically speechless while the flagship Radio Four programme devoted the next 20 minutes to following up some piece of bullshit they read in the Times.
Professor Brubaker added: "The Daily Telegraph is showered with awards because it offered to buy a CD-ROM with MPs expenses on it.
"The Guardian is currently even more pleased with itself than usual because it's publishing classified information that not a single one of its journalists helped to gather.
"The News of the World proclaims itself as the greatest newspaper in the world because of its rare journalistic ability to record mobile phone conversations.
"And the Daily Mail continues undaunted in its sacred mission to turn everyone in Britain into a fucking nutter who believes rape victims are asking for it and that it's fun to bully people with cerebral palsy.
"Meanwhile Sky News persists with Kay Burley and is just gagging to become a UK version of Fox News, squirting the contents of Rupert Murdoch's incontinence pants at us 24 hours a day, while the BBC no doubt plans to replace Brian Hanrahan with either Tess Daly or a morbidly obese cat.
"We have reached the point where the best journalist in Britain may actually be Noel Edmonds."
Top of the world Ma!
Bring back the Weimar Republic! I am going into the wheelbarrow business...
Will the Treasury be issuing new $500, $1000 and $10000 Fed Reserve Notes in the brave new era of hyper-inflation so we can continue to buy bread?
Actually the plan is for you to just take your current FRN and pencil on as many zeros as you want to. Save them the costs of printing. The few people who add too many zeros won't screw things up too badly, things being so badly screwed up already.
Who said Ben and Timmah don't have a plan?
AIG rocketing up....
Mo-Mo chasers are all over this one...
Good thing US taxpayers gave that corporation tens of billions of dollars, what would we do without AIG?
Insolvency is a bullish indicator
The 'US Hedgemony', which limped out of the gate thanks to NAFTA, limps on!
Limps on "better than expected"
Right on cue with a who-gives-a-shit chart.
No kidding, some people need to have their chart-posting ability pulled.
Total insolvency...better n expected!!
Obscene.
This is what happens when you combine a feckless President and purchased Congress with a Fed chairman who is willing to assert authorities never granted under law. Here on ZH we trade dark humor over this blatant scam, but no one in the main-stream media dares ask any of these pols relevant questions.
...a Fed chairman that has likely destroyed the market for US T bills...
...the 4th estate, the CNBC Blow Horn, that constantly chatters about traffic at shops on Madison Ave. and the number of shopping bags walking down the street instead of interviewing government officials about the manipulation of the electronic stock market, the theft of invisible dilution, the destruction of American savers...but on and on about shoppers...
Relevant questions? Like the Federal Reserve being the largest holder of US debt....good/bad....debate...?
And even if they did, who would hear, think, and take action? I phone users? People who regularly pay 500% markups on crap? Prozac crunchers? Folk that don't know their history or the history of the world?
Where do we go from here...Bueller...Bueller....Bueller.....
Additional
On the Blow Horn just now, M. Bartiromo just asked M. Whitney if the insolvency of the states [as in our 50 niftiest]...wait for it...wait.........."Is that priced into the market?" OK then...apparently the water at CNBC has far more fluoride in it than I would have ever dreamed.
S&P up 0.54% in a day is touted as "modest" on CNBC. Me thinks the kids have been spoiled a bit too much.
It is modest. Let's be honest, I expected them to force it up 1.5% on this thin volume. Just imagine the optimism jolt to all those last minute xmas shoppers. Instead, they just jacked the shit out of the financials and REITs. That's not going to get those Kung-Fu grip, made in china, GI Joe's sold...now is it!? I expected more from the optimism bureau.
They are working on that now. Can't let a low-volume ramp go to waste.
Exactly, time for the afterburners. I'm just watching the entire f'ing US real estate market appreciate by 1% every day via the IYR. It's just amazing to see that kind of turbocharged recovery despite the evidence to the contrary.
OK, time to slam the spurs into this f'ing pig! YEAAAHHHHHHH
They sure as hell convinced me to shop - for more gold.
Not good enough,must try harder,you have to work at hyperinflation Ben,now get off your arse and get printing.
Koan: What is the sound of bankster regimes crashing? Clue: study history; US and French revolutions. Get some samurai zen.
how about a sextillion.. that is a 1000 trillion, if there is sex in anything I am for it...
Actually, 1000 trillion is a quadrillion. 1000 quadrillion is a quintillion and 1000 quintillion is an inter-galactic one dollar bill.
Maybe I am crazy but I remember a few years ago before the crisis hearing that the Fed had 800 Billion in capital reserves. They now have 1.25 Trillion in toxic MBS and 1 Trillion in Treasury toilet paper. And somehow people are ok with this and not panicking? And Bond yields are not skyrocketing? The Fed must be levered 40 to 1 right now! Geez.....
At least 98% of the populace has no friggin' clue what you are even referring to. I would say at least 50% think the Federal Reserve is a prison or a wine.
LOL
Prison wine.
and another 48.9999% belive that it is part of the government.
we are totally screwed if only 1.0001% of us are awake
If they would open up oil drilling on the Federal Reserve, all of these problems wouldl be over. Drill baby drill!!