One Minute Macro Update: I Don't Wanna Pay

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Fri, 03/25/2011 - 08:18 | 1098868 Racer
Racer's picture

As usual US futures stuck near the highs while EU and UK take advantage and sell off

Fri, 03/25/2011 - 08:25 | 1098892 tom a taxpayer
tom a taxpayer's picture

"The Fed announced yesterday that Bernanke will hold four press briefings a year to improve transparency and explain its decisions to the public. The first two sessions will be in April and June". Bernanke's first session will be on April Fools Day.

Fri, 03/25/2011 - 08:46 | 1098949 Snidley Whipsnae
Snidley Whipsnae's picture

I can hear Ben now... 'while inflation expectations remain low'... LOL

Four time a year??? Ben's equivalent to 'hitting the campaign trail'??? Is he in that much doo doo??? Must be...

Fri, 03/25/2011 - 12:15 | 1099906 mdwagner
mdwagner's picture

He should hire the Iraqi Information Minister to do it for him.

Fri, 03/25/2011 - 12:23 | 1099950 InconvenientCou...
InconvenientCounterParty's picture

If you are experiencing congnitive dissonance right now, you are thinking how odd is it that the Fed wants to increase transparency when they are usually very secretive?

Just consider that the Fed has plan A, B and C. Sometimes all cooking in parallel. BB and his crew of sophists have utter contempt for the worker class, and politicians and all those that are incapable of understanding the Fed's "unique challenges".

They won't hesitate to create various "trojan horse" memes to distract from their true intentions. The transparency efforts are the delivery channel. I expect their credibility will drop below Goldman sux, which is hard to imagine. Pay attention to the cognitive dissonance.

Fri, 03/25/2011 - 08:25 | 1098894 UGrev
UGrev's picture

Is this the part in the death process where they tell the party which is dying that they're going to be ok? or are we past that part?

Fri, 03/25/2011 - 08:27 | 1098901 dcb
dcb's picture

sorry for the language, but at times it is appropriate. Fuck Bernanke, I have seen him get it wrong over and over so many times during the crisis it makes me puke. Just recently he testified before the senate  or congress that the dollar hit the low for the year.

I can;t sy what I think should happen to him and his cabal, cause I'd get arrested.

Fri, 03/25/2011 - 09:02 | 1099003 A Man without Q...
A Man without Qualities's picture

Bernanke's neither smart enough nor strong enough to fix the underlying problems, which is exactly why they chose him.  Now, he's suffering from Stockholm Syndrome.

Fri, 03/25/2011 - 09:07 | 1099025 lynnybee
lynnybee's picture

& I'm too scared to mention ROBERT RUBIN'S name toooo much for fear they'll come after me !!!   damn s.o.b. bankster !    throw him in the slammer !

Fri, 03/25/2011 - 08:30 | 1098914 augie
augie's picture

so, is transparancy now synonimous with propoganda?

I'm about do for a two-minute-hate right about now.

Fri, 03/25/2011 - 08:32 | 1098915 firstdivision
firstdivision's picture

With that GDP number, I wonder if those that are still betting on QE3 are questioning their strategy. 

Fri, 03/25/2011 - 08:42 | 1098939 Spalding_Smailes
Spalding_Smailes's picture

Correct. Many people betting on QE 3 will be wrong ...


WASHINGTON, D.C. – March 24, 2011 – The Association of American Railroads (AAR) today reported rail traffic gains for the week ending March 19, 2011, with U.S. railroads originating 293,772 carloads, up 2.3 percent compared with the same week last year. Intermodal volume for the week was also up, totaling 222,788 trailers and containers, up 10.7 percent compared with the same week in 2010. For the first 11 weeks of 2011, U.S. railroads reported cumulative volume of 3,168,141 carloads, up 5.3 percent from last year, and 2,398,885 trailers and containers, up 8.1 percent from the same point in 2010.

Combined North American rail volume for the first 11 weeks of 2011 on 13 reporting U.S., Canadian and Mexican railroads totaled 4,103,782 carloads, up 4.1 percent compared with the same point last year, and 2,972,689 trailers and containers, up 7.2 percent compared with last year.

Fri, 03/25/2011 - 08:49 | 1098960 Snidley Whipsnae
Snidley Whipsnae's picture

Why are the railroads carrying more stuff? What are they carrying more of?

Fri, 03/25/2011 - 09:04 | 1099013 A Man without Q...
A Man without Qualities's picture

In the dying days of the Soviet Union, first they just shipped the goods from one warehouse to another, and then they just shipped empty crates...

Fri, 03/25/2011 - 11:50 | 1099769 Ben Fleeced
Ben Fleeced's picture


I watch the same cars, by #, go East and then West.

Love the Choo Choos.

Fri, 03/25/2011 - 10:08 | 1099245 snowball777
snowball777's picture

It's more of a "no place to go but up" situation...note this report from ealy 2008...

Carload freight in the week ended April 12 totaled 329,508 cars, down 2.9 percent from last year.

Fri, 03/25/2011 - 08:37 | 1098922 Racer
Racer's picture

"Fed's Fisher says there are signs that liquidity not just abundant but in excess"

Yes for the rich 1% and the PDs, for the rest... not at all

Fri, 03/25/2011 - 08:45 | 1098944 firstdivision
firstdivision's picture

I'll be quite liquid tomorrow midmorning when I wake up from tonights binge

Fri, 03/25/2011 - 09:10 | 1099036 99er
Fri, 03/25/2011 - 09:49 | 1099182 quo vadis
quo vadis's picture

"Bernanke will hold four press briefings a year to improve transparency and explain its decisions to the public."

The truth is we need to hear from The Bernank far more than from The President. Is there a better proof of just exactly where is the real power that we're beholden to in the U.S.?

Fri, 03/25/2011 - 10:19 | 1099299 snowball777
snowball777's picture

You need to be lied to? Repeatedly?!

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