Larry Meyer's Solution To Surging Oil Prices: "The Fed Should Cut Rates"

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Sat, 03/05/2011 - 21:40 | 1022720 Oh regional Indian
Oh regional Indian's picture

Hey, there are a billion ways to slice and dice 0.25. 

0.24% here we come. But really, who here thinks this ship will ever be taken off the rocks and be put back together again? Hu? That's hu.

It's done. Over. Humpty has taken a dumpty.

ORI

http://aadivaahan.wordpress.com/2011/03/05/driving-india-crazy/

 

Sat, 03/05/2011 - 23:54 | 1022894 asdasmos
asdasmos's picture

Greenspan on Gold's Rise - CNBC 4/3/11

 

http://www.youtube.com/watch?v=1r13hACqxj0

Sun, 03/06/2011 - 07:31 | 1023251 Sad Sufi
Sad Sufi's picture

Thanks for link re the Professor:

"Gold is universally acceptable as a means of payment.

Watching gold is a good indicator of the stability of the system"

Sun, 03/06/2011 - 11:32 | 1023425 Bendromeda Strain
Bendromeda Strain's picture

Yup - he also mentioned the counterparty risk factor. IOW, if you are watching gold - best to be doing it in closeup mode.

Sat, 03/05/2011 - 21:46 | 1022728 Josh Randall
Josh Randall's picture

Next he spoke about how to save money on date night, by using yourself and only a vacuum cleaner...

Sat, 03/05/2011 - 22:21 | 1022775 dark pools of soros
dark pools of soros's picture

BANG DA DYSON

Sat, 03/05/2011 - 23:25 | 1022854 A Nanny Moose
A Nanny Moose's picture

That sucks

Sat, 03/05/2011 - 22:38 | 1022803 sushi
sushi's picture

Does he also not understand the difference between suck and blow?

Sun, 03/06/2011 - 01:32 | 1023080 tom a taxpayer
tom a taxpayer's picture

Oh...OH...OOOOOOH Oreck!

Sat, 03/05/2011 - 21:48 | 1022729 Yen Cross
Yen Cross's picture

Raise short term rates. The USD will explode, and shoot the fear of GOD inTo the currency markets. OIL (#clj11) will pound into the 87 area.

Sun, 03/06/2011 - 10:03 | 1023347 101 years and c...
101 years and counting's picture

No Chance.  People here need to realize the Fed works for the banks.  So, to accommodate the higher fuel prices (which the banks are 100% responsible for), they'll print MORE money, buy more bonds and further send the middle class to poverty.  Ah, the AMERICAN WAY!  My suggestion, put food and gas on your Chase credit card and dont pay it.  I know your slave score (credit score) may get damaged, but who really cares about that?  If you have a mortgage, stop paying it.  Take all your cash out of the banks and keep it at home, buy gold/silver, etc.......STARVE THE MOTHER FUCKING BEAST!!!

Sat, 03/05/2011 - 21:52 | 1022734 JR
JR's picture

Well done, Tyler!!!

Sat, 03/05/2011 - 22:31 | 1022794 Yen Cross
Yen Cross's picture

It hurts me to say this. JR is a fantastic, well read Scholar! He is a man of his conviction, and of reputation. When JR speaks,left or right. It would be wise to listen. His wisdom has helped me. The spring of 2010 aud/jpy. Best wishes JR!

Sat, 03/05/2011 - 23:28 | 1022861 smlbizman
smlbizman's picture

i watched.....stevie wonder can see the farce....shouldn't santelli quit and go out in an epic world changing event.....how does he stand there and take it....same with ron paul, with their assumed principles wouldn't you think .."the im not going to take it anymore"  moment should be like seconds away...what are they waiting for?  

Sat, 03/05/2011 - 21:57 | 1022739 pauldia
pauldia's picture

 

"The figures bandied about are eye-popping. When the Fed first embarked on its policy of asset purchases, known as quantitative easing, Goldman Sachs economists estimated Fed credit to the banking system might have to expand to as much as $4 trillion to $5 trillion in order to grapple with the scope of the financial crisis.

According to Meyer, the Goldman estimates were in line with those of Fed staffers. However, the central bank's policy committee saw this as complicating an eventual exit strategy, and stopped well short"....... from Reuters September 5 2010

An exit strategy will be complicated by design, the only unknown is the catalyst.

 

 

Sat, 03/05/2011 - 21:58 | 1022740 cosmictrainwreck
cosmictrainwreck's picture

what a CRETIN. My God.......I am continually embarassed by what passes for intellect in USA. back where I came from it's called "showin' yer ass"

Sat, 03/05/2011 - 21:57 | 1022741 Careless Whisper
Careless Whisper's picture

Other guests in the square, reaction to mister meyer saying the (privately owned) fed should unambiguously ease:

Greenlaw: (drops jaw)

Brown: (deer in headlights look)

Liesman: (nods head in agreement)

Santelli: (shakes head in disbelief)

Sat, 03/05/2011 - 22:40 | 1022806 Bay of Pigs
Bay of Pigs's picture

Plumbing new lows on CNBS. Send in the Clowns...

Sun, 03/06/2011 - 03:01 | 1023146 zhandax
zhandax's picture

Send in the clowns?  They're there.

Sat, 03/05/2011 - 22:00 | 1022745 Cognitive Dissonance
Cognitive Dissonance's picture

Ladies and Gentlemen, there's the sign post up ahead. You've just crossed over into the Twilight Zone.

http://www.youtube.com/watch?v=NzlG28B-R8Y

Sat, 03/05/2011 - 22:06 | 1022750 Long-John-Silver
Long-John-Silver's picture

We've been in the Twilight Zone for years. We are about to be whisked away to the magical cornfield.

http://www.youtube.com/watch?v=_C34g5mz1ZQ

Sat, 03/05/2011 - 22:35 | 1022800 Cognitive Dissonance
Cognitive Dissonance's picture

I tend to disagree simply because you ain't seen nothing yet. In six months, a year, two years we will look back at today and the two years since the market bottom and fondly remember how the Fed's damage looked so minor and repairable.

The USS nuclear submarine America is being take down well past crush depth. Who wishes to blow the escape hatch now and only experience potential death from the bends or go down with the ship to certain innilation?

Sat, 03/05/2011 - 23:29 | 1022865 Dr. Porkchop
Dr. Porkchop's picture

Probably a good time to find my spirit animal then?

Sat, 03/05/2011 - 22:03 | 1022751 GNH
GNH's picture

Santelli's "look away" toward the end of the video tells it all -- exasperation at the idiocy of the Fed believers.

 

Sat, 03/05/2011 - 22:17 | 1022768 Yen Cross
Yen Cross's picture

I'll take Santelli over that Cue ball any day. I love the bond calls on Chicago.  Rick you kick ass. That q-ball guy, is a 9-ball.

Sat, 03/05/2011 - 22:04 | 1022752 old_turk
old_turk's picture

Twilight Zone?

Different dimension?

Alien visitor, maybe?

Or just another example of the failure of the American education system?

And this guy gets a huge bonus for saying crap like this ... so perhaps it isn't a failure after all.  LOL.

Sat, 03/05/2011 - 22:08 | 1022757 Careless Whisper
Careless Whisper's picture

Is it me or does mister meyer have a really annoying voice? I know his words are what's important but his voice makes me wanna smack him and tell him to man up.

Sun, 03/06/2011 - 14:45 | 1023824 Temporalist
Temporalist's picture

It's not you.

Sat, 03/05/2011 - 22:24 | 1022783 Yen Cross
Yen Cross's picture

What is your Dimension? VIX or 10's up some basis points? Yield curves? Oh now I'm in your flight path. UFO's

Sat, 03/05/2011 - 22:10 | 1022763 Selah
Selah's picture


WE WILL CONTOL ALL THAT YOU SEE AND HEAR:

http://www.youtube.com/watch?v=8CtjhWhw2I8

 

Sat, 03/05/2011 - 22:20 | 1022777 Long-John-Silver
Long-John-Silver's picture

OMG! I remember playing around with a TV set with Horizontal and Vertical controls.....

It also made that tiny little white dot in the middle of the screen when you turned it off.

Sat, 03/05/2011 - 22:21 | 1022781 Misean
Misean's picture

You sure it wasn't an Etch-A-Sketch?

Sat, 03/05/2011 - 22:27 | 1022790 Long-John-Silver
Long-John-Silver's picture

I watched captain kangaroo on it daily. I don't think the Etch-A-Sketch could do that.

Sat, 03/05/2011 - 22:37 | 1022805 Misean
Misean's picture

Depends on your state of mind. I seem to recall watching H.R. Puff-n-stuff on mine.

Sat, 03/05/2011 - 22:11 | 1022764 Misean
Misean's picture

Rod Serling just phoned. He said "No f**king way."

Really not like Rod to swear like that.

Sat, 03/05/2011 - 22:20 | 1022774 Eally Ucked
Eally Ucked's picture

According to them we reached 70% labour cost. That means 2 things, chinese product is to expensive or Walmart gritters are paid too much. I guess we don't have choice of vendors so we have to reduce wages at all chinese resale enterprises. All military outfits are not affected for now.

Sat, 03/05/2011 - 22:24 | 1022786 Misean
Misean's picture

8-/

Sat, 03/05/2011 - 22:13 | 1022767 digitaldorobo
digitaldorobo's picture

What an idiot--more inflation anyone?

At least some of us will soon be paying for gas with silver:

http://decaybyproxy.wordpress.com/2011/03/05/utah-house-passes-bill-reco...

Sat, 03/05/2011 - 22:17 | 1022771 Careless Whisper
Careless Whisper's picture

Charlie Sheen. Live. On The Internet. 10 pm. East Coast Time. Tonight.

http://www.ustream.tv/

 

Sat, 03/05/2011 - 22:25 | 1022785 Long-John-Silver
Long-John-Silver's picture

The Video Lobotomy channel? No thanks, He gives me Brain Freeze.

Sun, 03/06/2011 - 00:11 | 1022772 baby_BLYTHE
baby_BLYTHE's picture

WT

Sat, 03/05/2011 - 22:18 | 1022773 Misean
Misean's picture

I know! The banksters are gonna take the freshly printed money from a rate drop, use it to bid up the price of oil...and thereby obtaining the lions share of the product flow...and turn around and sell it to US refineries at a loss for the benefit of the American people!

.....ummm....

Perhaps if we built a large wooden badger...

Sat, 03/05/2011 - 22:23 | 1022784 SumDumGuy
SumDumGuy's picture

you don't think that the Fed *paying* Goldman or Pimco to borrow money is out of the realm of possibility?  /sarc

Sat, 03/05/2011 - 23:29 | 1022863 Sean7k
Sean7k's picture

I'm not sure you could be this stupid on purpose. The scary thing is they obviously think their listeners are...

Sun, 03/06/2011 - 14:00 | 1023720 Flakmeister
Flakmeister's picture

  You and I don't necessarily agree on everything, but your comment is spot on... Along with CD, we are stepping into the Twilight Zone and aside from a sponsered commercial break, this episode doesn't have an end.

Sat, 03/05/2011 - 23:34 | 1022871 DaveyJones
DaveyJones's picture

fed head, fog without the bong

Sat, 03/05/2011 - 23:51 | 1022880 baby_BLYTHE
baby_BLYTHE's picture

Trish is hot and SMART. Sometimes I am glad I am not straight.

Steve Que-ball LIESman really is a needle-nosed dufus

Hey dufus, THE FED WILL END ITSELF and with it all your croonies HOPES AND DREAMS!

Sat, 03/05/2011 - 23:46 | 1022884 Everyman
Everyman's picture

This is just another indicator that the so called "economic experts" is a totally isolated collection of the most ignorant groups of sick stupid fucks that can be amasses in one industry.  GIMME A BREAK!  Is this the epoch of what goes for "economic deucation and professionalism????

That meyers guy ought to be drug behind a pickup until it is just a bloody mess.  What a stupid fuck.  Lower interest rates??? From 0-.25% to what you fucking genius?

Nothing that makes my blood boil (and other citizens) is stupid fucks like this getting up and saying something so obviously stupid and then not ridiculed for it.  This fucker is toast in economic circles.  Which means he is a prime candidate for the FED RES or SEC or US Treasury.  TRUE?!

Sat, 03/05/2011 - 23:47 | 1022888 Seasmoke
Seasmoke's picture

Ease What ???

Sun, 03/06/2011 - 00:09 | 1022940 Kurtieboy
Kurtieboy's picture

WTF...this is getting more and more surreal by the minute.

Do NOT follow this link or you will be banned from the site!