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Tomorrows always a day away.
Do they realize we're all laughing at them?
'They' do not care if a small % of ppl know and act. Their plan is working to near perfection. They still have a little more to rob and steal.
My barber has a sign in his shop that says, "Free Haircuts Tomorrow."
Not too distant future = less than a century away
i.e. it's the Next administration's job to put the squeeze on the markets...
I'll believe them when me shit turns purple.
Until then all this rhetoric is masturbation. By the way, price stability is another term for inflation targeting which is another term for social class genocide when wage deflation is rampant.
+1 for the Purple SHATTNER reference
A populist who knows that soft money is actually good for the majority, who are not savers by the way but usually debtors.
Exactly. They cook the CPI and yet they still won't even commit to keeping it under control. Talk is cheap, yet they can't even talk. That tells you all you need to know.
So instead of QE = infinity, Plosser is saying QE = infinity - 1
That's still infinity.
Rudolf Von Havenstein, baby! Bernanke will soon outdo the teacher.
Only if you simplfy the equation!
Instead, what you will hear is "But, this one goes to minus one. You know, it's one less."
2 words : bullet, brain .
What is everyone's thoughts on Hoenig?
I personally don't trust anything he says and I think he is a plant that sounds like a hawk so the mainstream media can manipulate the people into believing there is actually debate within the Fed...
You don't work your way up bucking the system...
+1. Good cop, bad cop.
Hoenig got his M.A and P.H.D from Iowa State. Which is good that it is not an overtly evident british crown inbred institution.
A perfect disguise.
I'm thinking it should be a requirement that whenever there is a news article with some business or economic bigwig ZH should start highlighting their indoctrination. If they start doing that, all will be made clear for even the most confused non inbred prole.
That's right! Go Clones!
I guess he should have been indoctrinated however he knew that that would be a disaster for him. Get Michael Savage and Hoenig and end this crap once and for all i say. drag the bitchez and tie em to the pickup and go on 80.
I had an "inflation target" when I bought my house 2 years ago, but no thanks to you asshats I was shooting in the opposite direction.
Are they dumb enough to let the dollar under 70?
They lied about inflation for years in the 1970s. Same playbook here. Head fakes. Posturing.
"deliver on our statutory mandate of long-run price stability, moderate long-term interest rates, and maximum employment."
so far I see no apples in this tree, but the words, the words are superb.
Aren't the terms "price stability" and "inflation target" contradictory?
Does inflation not equal erosion of purchasing power?
Or is this all some quaint euphanism for the best central banking practices being to fuck the people slow enough over time that no one figures out the game?
A 'little inflation' keeps the hampsters on the wheel.
Hampsters looking a wee bit tired at this point.
this one looks like it could go for a while..
That is why explicit inflation targeting is the policy of last resort.
Tosser-Plosser will quickly be sacked, problem solved.
Notice how gold rose in price all through the rate hikes in the 80's and it also kept rising in price through the 04 and 06 rate hikes.
It is over. The Fed is done, they are too far behind.
Now the FED 'hawks and doves' take turns saying 'no QE, 'yes QE' every other hour to manipulate the markets. What a total bunch of BS.
They are testing the waters. Watch what they do (those that vote), ignore what they say.
"Monetary theory and the great Capitol Hill Baby-sitting Co-op Crisis" is these a holes model...no wonder
Funny how QE or no QE discussions have had absolutely no impact on stocks like HD and LOW.
Only the gold bugs and peak oilers are vibrated around in bouts of mania and depression based on these ruminations.
That's because no-one cares about your little underperforming shit.
Whats really effected is your 50% up paper that has actually lost purchasing power but youll still have to pay the 50% cap gains.
If by "bouts of mania and depression" you mean exchanging paper for hard assets and real wealth, including some undervalued revenue generating equities. Then I guess you are right.
Heres 'Ol Catfishface saying PM holders are manic depressive basket cases? From where I sit, trading all that phony paper in for gold and silver which is at all time highs is anything but the depths of depression.
But Catfishface and the rest will be depressed when they find their paper holdings theyre all 'Gollem' over but are really a negative in real purchasing power still get hit with the bill for 50% cap gains.
As long as paper is accepted in exchange for gold and silver, I will gladly give the paper up..
Please don't hit and run.
I'm to assume that you really believe that the economy (NOT equities markets) has "turned the corner" then? The market is telling us something, and we should listen?
I want to see the RobotTrader thesis on the future of the economy, not the boring, poor man's Harry Caray play-by-play routine.
that's because there're widows and orphans stocks, rocket scientist. they're not supposed to vibrate like high beta.
If you commit to inflation targets then monetary policy loses its egfectiveness to goose the economy.
You lose the ambiguity and your stealth inflation option if you tell capital and asset owners in advance how much they are going to lose each year
cb's are only virtuous and explicitly inflation target when they have no credibility.
Machiavelli said the most influential and capable princes have the masses convinced of their honor and virtue while they quietly engage in devious behavior when necessary.
"You lose the ambiguity and your stealth inflation option if you tell capital and asset owners in advance how much they are going to lose each year "
The good news is when they set inflation targets, they'll never lie.
I don't necessarily dispute the "faux hawk" label. However, is your reason for that label chiefly based upon Plosser's wish for an inflation target? or is it based upon Plosser's other historical positions and actions?
Meanwhile, if the reason is not because of his inflation target wish, would you then also apply the "faux hawk" label to either Fisher or Hoenig?
The Federal Reserve Goofballs are sure fun to watch & listen to for the first couple of minutes, but then their schtick gets old fast.
Will someone save The Bernank's liver for me? I am doing an alchemy project, and I heard that The Bernank's liver, dried and ground into a fine dust, can turn tungsten into gold. Thank you.
Plosser has become Fat Elvis, high/stoned into the ether, and a disgusting site to behold:
Everyone is broke and unemployed!
What are they going to do next? What is the solution?
People need jobs and need jobs now!
Primary dealers already have billions of dollars. The American people need the $ and it is not getting to them.
What a total waste the Federal Reserve is. It is a cancer that must be expunged from the face of this nation
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