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More Bernanke Bashing From Kevin Warsh
Just crossing the tape are the following comments from Kevin Warsh at the 2010 SIFMA conference, which reaffirm what the youngest Fed member said last night in the now endlessly discussed Op-Ed.
- *DJ Warsh:Fed Should Reconsider Bond Plan If US Dollar Continues Drop
- *DJ Fed's Warsh Urges Regular Review Of US Treasury Purchases
- *DJ Warsh: Fed Risks Losing Its Hard-Earned Credibility
- *DJ Warsh:US Fiscal, Regulatory, Trade Policies Must Change
- *DJ Fed's Warsh:US Must Resist Temptation To Raise Spending
- *DJ Warsh:US Needs Pro-Growth Policies Like Changing Tax Code
In a word: Fed mutiny in the making... or some damn good acting.
h/t London Dude Trader
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rolling ... "hard-earned credibility"? are you shittin' me? rolling.
This KW guy was saying similar things last year and then turned around voting along with every Bernanke's major decision to send gold from 1000 to 1400. I don't trust him.
Truthiness bitchez!
Somebody's gonna get a Bernanke bitch slap if he doesn't fall in line!
The market is so broken that the dollar has actually gone up since the announcement.
my personal favorite is the robo trading in BAC...i mean does anyone with two neurons connecting think this is a BUY?
other than the institutional holders screaming that it is to the most gullible retail investors?
Somehow fed and credibility just don't belong in the same sentence without a "lack of" qualifier.
If he winds up at the bottom of the hot tub, we'll know it's a fed mutiny. If not, it's damn good acting.
I'll go with just "good acting". He knows this is not popular with the media or the public so he's making himself look good. Nothing more.
Finally turned up again after your 'sell the QE news' call?
I believe I pounded the table on how I thought stocks would rocket once QE2 was announced. Then I was blocked from the site for several days. Don't know why but wouldn't let me in. But I'm back now. Check those posts, you'll see why I thought QE2 would rally stocks.
A little good cop/bad cop routine methinks. The Best Actor Oscar just got a lot more interesting.
Exactly. This moron just voted for QE2, and now he is against it?
Unlikely.
Or a junior employee with ambitions.
Stop talking and start "acting" in real life and not a role!
Do the hard work Mr. Warsh. Rally your colleagues and do the right thing despite the immediate pain. Then you can be a hero. Call Fisher. He'll vote in a couple more months!
I think you're wrong. What he is actually saying is, the supply chain is collapsing. Thanks for the update Kevvy. Thought so.
By the way, can't we just go straight to revolution? Or do we have to do that Potemkin thingy?
"Fed mutiny in the making... or some damn good acting."
My bet is the latter. There is no such thing as "personal opinions" at the Fed. This is orchestrated to make it seem as though the Fed is 51%/49% in favor of endless printing when it is clear that endless printing is 100% of the actions you can expect ad infinitum. These public pronouncements are issued as a mindfuck technique, to keep a lid on anyone thinking the obvious might be true, i.e., that the US is monetizing its debt and that it is printing solely to benefit the Wall Street TBTFs.
The Fed is out of control.
I saw a video today of Bernanke defending the pumping of trillions of dollars into the economy and stating that inflation talk is overblown...so what happens when inflation does surface and are you going to withdraw all of the liquidity...no need to answer since we all realize this is a one-way operation.
DJ Jazzy Jeff: Well, this is a story about how my currency got flipped turned upside down.
How are they going to mutiny -- Bernanke can ignore them as Volcker did
'*DJ Warsh: Fed Risks Losing Its Hard-Earned Credibility'
What a fucking joke!!
I have no problem making money in the market but come on this is crazy
PCLN hits $420 ah
Warsh is merely trying to confuse investors so maximising profits for JPM/GS on any volatility this may cause.
Bernanke knows the people are powerless to stop him,neither party will stop him as they are owned by Wall St,perhaps Warsh's comments are put there to show that the Fed is concerned about inflation,by the time inflation has took off,noone let alone Bernanke will have the willpower nor the authority to withdraw the stimulus as it may stall the "recovery".The Fed WANTS hyperinflation and a weak dollar,do not be distracted by shills like Warsh.
The fact that anyone listens to what Kevin Warsh has to say is preposterous. It is an insult to the economy that this guy is in the FED. Seriously... as much as the FED is a joke. The fact that this guy is in the FED is an even bigger joke. The guy was a Vice President at Morgan Stanley. There are like a couple thousand vice presidents at MS... this is insanity!!!
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