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Kansas, Dallas Feds Request 25 bps Discount Rate Hike, As 10 Other Feds Prefer Status Quo

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Tue, 05/24/2011 - 15:15 | 1306295 JW n FL
JW n FL's picture

Kansas has the super highway from Mexcio to Canada.. the corridor where real estate has held its value and foreclosures are next to nill..

Use google, the facts are all there from .gov sites.

Tue, 05/24/2011 - 16:13 | 1306484 zaknick
zaknick's picture

Yeah and I've also read that they're walling off huge stretches of it (you can't get off) and using CCTV to keep that all seeing eye on you.

Henry Kissinger soto voice:

Welkom to the New Vorld Order, Amerikans!

BTW, their CIA puppet president in Colombia (Uribe) as one of his last acts in office granted a no bid contract for building a superhighway through the densest jungles in the region which just happens to be in the inhospitable border region between Panama and Colombia. IOW, they're establishing the last link of the Panamerican Highway. They know the Russians, Chinese and Iranians have effective anti-aircraft carrier weapons technology being mass produced right now.

Fuck you, topcallingtroll and the other idiot with the China peeing kid avatar.

Tue, 05/24/2011 - 16:56 | 1306684 trav7777
trav7777's picture

so now we can drive to Brazil?  AWSUMZ

Tue, 05/24/2011 - 15:20 | 1306306 buzzsaw99
buzzsaw99's picture

Who do, who do ya think yer foolin'?



Tue, 05/24/2011 - 16:01 | 1306468 JW n FL
JW n FL's picture

that was a time machine! a nice one! Thanks!

Tue, 05/24/2011 - 15:18 | 1306307 silberblick
silberblick's picture

What a joke, I am reminded of what Mark Faber said: "Bring on QE12, 13, 14 ... the Fed has to continue printing."

And by the way, did you know that Black social activist and university professor Cornel West calls out Obama as being a part of the oligarchy and challenges Americans to rise up like people in Europe and the Middle East are doing. Read here:


Tue, 05/24/2011 - 15:59 | 1306472 JW n FL
JW n FL's picture

Just what America Needs! More Koch Brothers Owned Government! The Tea party is a FUCKING JOKE!

Tue, 05/24/2011 - 17:08 | 1306718 trav7777
trav7777's picture

I call out Cornell West as an idiot for his 365black mentality.

He needs to get real about the actual challenges facing his people.

Tue, 05/24/2011 - 15:20 | 1306308 RobotTrader
RobotTrader's picture

Reminds me of the late 1990's when Fleck was documenting the madness in "Mania Chronicles".

Basically, the market shrugged off any and all rate hikes by Alan Greenspan.

Still true today.

A freaking shoe retailer like DSW is up 17% today, after rocketing from $8 to $45 in 2 years, and now tacking on another $7 today.

Yep, the consumer could care less about rate hikes.  She's already paying 18% anyway, what harm is a 200 bp. rise in the Fed Funds rate going to do?


Tue, 05/24/2011 - 16:04 | 1306452 plocequ1
plocequ1's picture

Exactly. Who gives a fuck? 

Tue, 05/24/2011 - 15:20 | 1306323 RobotTrader
RobotTrader's picture


Multiple hedge funds are clamoring for the carcass of WaMu in order to get $5 billion in tax breaks....



Tue, 05/24/2011 - 15:31 | 1306341 baby_BLYTHE
baby_BLYTHE's picture

RobotTrader, the man behind the avatar


Tue, 05/24/2011 - 15:29 | 1306354 tmosley
tmosley's picture

You posted two comments, one right after the other, within a minute.

Trying to junk-whore, I guess.

Tue, 05/24/2011 - 15:22 | 1306329 redpill
redpill's picture

A whole 25 bps, oh you HAWKS you!

Tue, 05/24/2011 - 15:24 | 1306333 TruthInSunshine
TruthInSunshine's picture

But the U.S. Government and Team Obama/PlaceHolder got their evil oil speculators (hint, don't look for JPM or GS anywhere in the thick plot)!!!!!!!!


US Commodity Regulator Sues Oil Traders
Tue, 05/24/2011 - 15:29 | 1306365 max2205
max2205's picture

It's a balloon, ready aim fire.....fizzzzzz

It would be great to ease from here till the econ turns. maybe my parents could actually get some interest $ to eat on

Tue, 05/24/2011 - 16:54 | 1306680 trav7777
trav7777's picture

You know what interest is?  It's someone ELSE's borrowing.

If your parents want yields, they are going to have to look outside of debt.

Tue, 05/24/2011 - 21:21 | 1307475 FreedomGuy
FreedomGuy's picture

Good point, actually. You can't make money on money in terms of investing. While the Fed and others are manipulating the rates to favor borrowers (like virtually all Western governments) grandma and pa and all the retirement funds cannot safely grow their investments. They cannot throw off enough money to prevent eating into the principle. To me, that's the understated side of this artificial zero interest rate policy. You used to think about getting about a 5% safe return on money to fund a retirement. Not today. It's actually negative when factoring inflation.

Tue, 05/24/2011 - 23:39 | 1307827 Monedas
Monedas's picture

"You're gonna hear a big sucking sound of savings going south !"....Monedas 2011 Hoarders get laid more on average ! http://trololololololololololo.com/

Tue, 05/24/2011 - 15:32 | 1306378 Doyle Hargraves
Doyle Hargraves's picture

Yeah those evil speculators...wait until the kingdom quits taking $$$ who to blame then?

Tue, 05/24/2011 - 15:33 | 1306386 Dr. Richard Head
Dr. Richard Head's picture

Here is the Worldwide economy and the view from the Fed - http://www.youtube.com/watch?v=azV5bC2br-Q

The Fed is simply looking back to the path that the economy has already traveled, like the rear facing camera of this video.  Meanwhile the economy, like this train, is heading straight into a tornado.  Everything seems fine as the train/economy passes into the abyss until it's not.

Tue, 05/24/2011 - 15:43 | 1306404 TruthInSunshine
TruthInSunshine's picture


"Everything seems fine...until it's not."


Bernanklecide's parents ALMOST gave him that as his middle name.


Ben Bernanke, the Great Man, Economist, Modeler & All Around Brilliant Guy
For everyone who missed this, I'm reposting a compilation highlighting the Wisdom and Economic Sagacity of the man ...

Tue, 05/24/2011 - 15:51 | 1306448 Begbie
Begbie's picture

"...with just a few million dollars borrowed at the discount window by various banks who wish to avoid the Discount Window stigmata."

Tyler - Are Discount Window borrowings public knowledge?  I thought banks could borrow from the Discount Window without anyone knowing.  Does the Fed disclose Discount Window borrowing on a regular basis, or does it only disclose that data when forced to by a lawsuit?

Tue, 05/24/2011 - 17:02 | 1306704 Cthonic
Cthonic's picture

Normally a (commercial) bank will borrow overnight from others if they have a reserve shortfall.  The agreed upon interest rate is usually at or near the intended fed funds rate.   When one bank can't persuade others to lend to it overnight, it ends up at the lender of last resort, Fed's discount window.  The Fed also being their regulator, this tends to raise all sorts of warning flags about the institution.

Tue, 05/24/2011 - 16:37 | 1306627 trav7777
trav7777's picture

Are KC and Dallas stoned?  WHAT improvement in economic conditions?

WTF metrics are these idiots smoking?

Tue, 05/24/2011 - 17:03 | 1306707 Deacon Frost
Deacon Frost's picture

They perform the role of the pseudo-opposition on the fed board.

Tue, 05/24/2011 - 17:29 | 1306784 Cthonic
Cthonic's picture


[Texas] state sales tax net collections* deposited to general revenue totaled $1,866.4 million in April 2011. Compared with the $1,675.5 million collected in April 2010, this represents an increase of 11.39 percent.


Texas unemployment rate dropped to 7.7% in April 2011 from a peak of 8.6% in January 2010.


Net contributions in February 2011 rose 3.97 percent compared to February 2010.

Tue, 05/24/2011 - 19:16 | 1307114 throughthewire
throughthewire's picture

That's Kansas CITY fed, not kansas. 

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