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Quote Of The Day: Fed's Dick Fisher "Hopes To Get It Right" On Timing Of Exit

Tyler Durden's picture




 

While "hope" has certainly been the primary investment thesis in the stock market for the past twp years, little did we realize that it was the key decision-making input variable at the Federal Reserve. What else is there to say: the central planners are now officially using the f[o|a]rce.

 

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Thu, 02/17/2011 - 15:09 | 971074 trav7777
trav7777's picture

Just add some "change" and you have Obama

Thu, 02/17/2011 - 15:10 | 971081 schoolsout
schoolsout's picture

We ran out of change a while ago...

Thu, 02/17/2011 - 15:24 | 971151 EscapeKey
EscapeKey's picture

I don't know, the rhetoric certainly differs to that of Bush.

Thu, 02/17/2011 - 15:31 | 971175 Lieutenant Dan
Lieutenant Dan's picture

Is Dick Fisher a name or occupation?

Thu, 02/17/2011 - 15:59 | 971274 silver_serf
silver_serf's picture

Dick Fisher always pulls out at the right time

Thu, 02/17/2011 - 17:03 | 971599 NotApplicable
NotApplicable's picture

Well, at least he hopes to.

Otherwise, they are gonna impregnate the economy with massive inflation.

Oh wait, they already did that...

So then... is the economy "sort of" pregnant?

Thu, 02/17/2011 - 17:40 | 971805 silver_serf
silver_serf's picture

The Bernank says he can sterilize it faster than you can say von havenstein

Thu, 02/17/2011 - 22:39 | 972907 Hephasteus
Hephasteus's picture

Ya I hear the keyboard on the dollar printing machine is made of t6 aluminum. Great for killing unborn babies in the uterus. Plus it's spill proof if the economy throws up on them. No sticky keys.

Fri, 02/18/2011 - 04:39 | 973417 A Nanny Moose
A Nanny Moose's picture

...or mostly dead.

Thu, 02/17/2011 - 16:13 | 971328 barkster
barkster's picture

i think it is a preoccupation...

Thu, 02/17/2011 - 17:02 | 971590 reckoning
reckoning's picture

want to tell chair satan bernanke what you think of the "job" he and his bankster buddies are doing?... use the following link to express your dismay, distrust, dis-whatever!... pass this link around... these thieveing freaks need to start to hear it from the american people!

http://www.federalreserve.gov/feedback.cfm

 

Thu, 02/17/2011 - 17:05 | 971619 NotApplicable
NotApplicable's picture

You're kidding, right?

Ivory towers exist for a reason. To think that they would leave them in order to get a better feel for the population is to ignore why they were built in the first place.

Thu, 02/17/2011 - 17:18 | 971690 reckoning
reckoning's picture

yea... you're right.... don't say a thing... the people have no power anyway... i think the american revolution was just one mass hallucination...

 

they can take it right in the tower!

Fri, 02/18/2011 - 09:01 | 973575 phil silver
phil silver's picture

Fed's Dick Fisher "Hopes To Get It Right" On Timing Of Exit

Sounds to me that he's planning on skippin the country. Think US Embassy Saigon, Vietnam - April 1975. 

Does anyone actually believe that the people who broke the system are qualified to fix it.

You won't catch me with my trousers down. Have a good weekend, everyone.

Hope for the best, plan for the worst.

Thu, 02/17/2011 - 17:20 | 971701 IQ 145
IQ 145's picture

 I have to admit I gotta a good belly-laugh out of this headline. Yeah, well, I "hope" he gets it right too; but I don't think it's very likely.

Thu, 02/17/2011 - 15:12 | 971085 DavidC
DavidC's picture

I wonder if Fisher remembers when 1040 was acting as support on the S&P - and now here we are in less than 6 months later at 1340.

Sheesh...

DavidC

Thu, 02/17/2011 - 15:12 | 971086 DonnieD
DonnieD's picture

There are no "rights" at the bottom of this Plinko board. Only "wrongs".

Thu, 02/17/2011 - 15:13 | 971093 plocequ1
plocequ1's picture

" Hope is a good thing"

                        Andy Dufresne

Thu, 02/17/2011 - 15:14 | 971096 Rainman
Rainman's picture

Hope is not a strategy. Hope is about luck.

Thu, 02/17/2011 - 15:57 | 971273 tarsubil
tarsubil's picture

It works with airplane security.

Thu, 02/17/2011 - 16:01 | 971277 hbjork1
hbjork1's picture

Lucky is only occasionally due to luck.

Lucky is mostly mental preparation and recognition.

Thu, 02/17/2011 - 19:54 | 972310 h3m1ngw4y
h3m1ngw4y's picture

chance favors the prepared mind - louis pasteur

Thu, 02/17/2011 - 15:14 | 971098 Hephasteus
Hephasteus's picture

By hopes to get the timing right. They mean they hope to get all the pre-ordained monopolies in place with insignficant competition while not destroying the entire planet to do it.

I think this is going to go down about like the PSInet thing did in the dotcom bust.

http://en.wikipedia.org/wiki/PSINet

Thu, 02/17/2011 - 15:16 | 971107 buzzsaw99
buzzsaw99's picture

The timing of their exit will be perfect because it will be "NEVER".

Thu, 02/17/2011 - 16:06 | 971304 hbjork1
hbjork1's picture

They have to hang on; it is all they know.  All the governers are fairly smart.  Maybe they could find ligitimate local banks to run.

Thu, 02/17/2011 - 15:16 | 971109 butchee
butchee's picture

Ben "Bukkake" Bernanke is the porn star of cental banking:  The size of his "swaps" make even Lexington Steel envious, and he always knows how to time his exit for the "money shot".

Thu, 02/17/2011 - 15:31 | 971178 SteveNYC
SteveNYC's picture

+ QE4.

Hilarious! Post of the day candidate.

Thu, 02/17/2011 - 15:18 | 971119 Cognitive Dissonance
Cognitive Dissonance's picture

I'm always filled with confidence when leadership tells me they hope things turn out well. Particularly when they are deliberately screwing things up in the first place.

Thu, 02/17/2011 - 15:18 | 971122 The Axe
The Axe's picture

Going to Mississippi to start me a cotton field..At least that is a job...

Thu, 02/17/2011 - 16:11 | 971325 hbjork1
hbjork1's picture

I picked cotton during and shortly after WWII.  But that job has been eliminiated by genetically modified cotton that all "blooms" at the same time and mechanized cotton pickers that remove it cleanly.

Thu, 02/17/2011 - 17:10 | 971645 LawsofPhysics
LawsofPhysics's picture

Too late, sold my crop and will move on.  Stay ahead of the herd people.

Thu, 02/17/2011 - 15:20 | 971130 Cleanclog
Cleanclog's picture

He's an idiot.  He thinks we can't have inflationary pressure without nearly "full" employment. Dude!  The price of essentials can go up plenty even if their is no labor cost pressure.  People who don't have enough to eat really don't care that the price of a new washing machine, computer, luxury car or house is lower.  But we get that you have to believe that watching the "basket" is what the Fed must consider when gauging inflation.  

You will DEFINITELY not time the exit correctly with this strategy.

Thu, 02/17/2011 - 15:29 | 971168 EscapeKey
EscapeKey's picture

He's not an idiot. His job is to feign incompetence, and so far he's succeeding.

Thu, 02/17/2011 - 15:21 | 971134 terryg999
terryg999's picture

People who live with 'Hope' will die in despair.

 

 

Thu, 02/17/2011 - 15:21 | 971140 f16hoser
f16hoser's picture

Let's blindfold Jugg Head and throw a dart at the calendar.

 

You can't make this stuff up if you tried.....

Thu, 02/17/2011 - 15:23 | 971143 Golf Maniac
Golf Maniac's picture

These Aholes at the Fed better hope they get it right.  If not, they're going to be the first to swing from the gallows as the average American takes to the streets and makes Cairo look like a circus.

Thu, 02/17/2011 - 16:05 | 971297 whatsinaname
whatsinaname's picture

They know damn well that they will not get it right. Its all part of da plan. Didnt you get the memo ?

Thu, 02/17/2011 - 16:27 | 971397 hbjork1
hbjork1's picture

"...they will not get it right." +2011

They are operating with a flawed hypothesis.  Notice, I said hypothesis.  It technical practice the Keynesian does not fully qualify as a theory (hypothesis>theory>law).

AND standard statistics apply to RANDOM events.  Dice rolled do not communicate with each other.  Coins flipped have no memory of what happened last time. 

Ask the great Merton about this.

 

Thu, 02/17/2011 - 15:26 | 971149 TheGreatPonzi
TheGreatPonzi's picture

Your blood pressure will drop when you understand that government and FED officials don't believe what they say, but lie because it is their job. 

If Bernanke were to say: "The economy is fucked, goodbye" the collapse would come sooner rather than later.

Thu, 02/17/2011 - 16:27 | 971399 Common_Cents22
Common_Cents22's picture

Bernank in the Sixth Sense sequel.  "I see dead economies."

Thu, 02/17/2011 - 15:24 | 971150 WALLST8MY8BALL
WALLST8MY8BALL's picture

WOULD YOU LIKE TO SEE HOPE AT THE END OF A ROPE?

Thu, 02/17/2011 - 15:35 | 971190 Golf Maniac
Golf Maniac's picture

If it means the end of this crisis sooner rather than later, I say bring on the  chaos.

Thu, 02/17/2011 - 16:28 | 971405 hbjork1
hbjork1's picture

I'll bet my score is worse than yours.

Thu, 02/17/2011 - 16:01 | 971265 silver_serf
silver_serf's picture

Since Hope on a Rope was invented, it has prevented many akward situations for the banking cabals team showers...Madoff OTOH must still bend over to pick up his hope.

Thu, 02/17/2011 - 15:26 | 971160 UnRealized Reality
UnRealized Reality's picture

Un-fucking believable!!!! Hope, Faith & Love belong in religion not in economics. These people are very dangerous

Thu, 02/17/2011 - 15:31 | 971169 Sutton
Sutton's picture

Ben can raise rates in 15 minutes.

Everybody relax.

Thu, 02/17/2011 - 15:32 | 971176 ebworthen
ebworthen's picture

 

FED answers:

"It has always been about CONfidence and applying the 'Farce'.

Allow the free markets to operate?  We can't have that!

No, no...we must only allow failure at the level of the individual; and support failure at the highest levels because after all...we are a central bank formed at the highest levels by the bureacracies, oligarchs, and kleptocrats.

What did you expect, sanity?"

There is no exit - they have driven down a cul-de-sac.

The only exit will be blood in the streets.

 

Thu, 02/17/2011 - 15:36 | 971199 Bansters-in-my-...
Bansters-in-my- feces's picture

Hopium....

Thats pretty strong shit their smokin,pass him the pipe for another hit,he's going to need it.

Thu, 02/17/2011 - 15:41 | 971206 What_Me_Worry
What_Me_Worry's picture

I guess Dick doesn't know the pull-out method isn't very effective.  He should try the rhythm method, instead of the Fed blowing their load each and every trading day.

 

You know what they call people who use the pull out method?

Parents.

Thu, 02/17/2011 - 15:57 | 971271 EscapeKey
EscapeKey's picture

Why does that matter? They clearly fuck the populace up the ass.

I suppose that might be how bankers come into being.

Thu, 02/17/2011 - 18:32 | 972011 IQ 145
IQ 145's picture

 I think this article is a little reminder to us that we're supposed to have our savings in silver bullion in a quiet little country far away from here.

Thu, 02/17/2011 - 18:32 | 972012 IQ 145
IQ 145's picture

 I think this article is a little reminder to us that we're supposed to have our savings in silver bullion in a quiet little country far away from here.

Thu, 02/17/2011 - 20:00 | 972332 RoRoTrader
RoRoTrader's picture

You are so nasty. Can we possibly meet sometime?

Thu, 02/17/2011 - 20:04 | 972354 EscapeKey
EscapeKey's picture

It's been a few days since I last shot down a "suitor", but I'm afraid I'll have to disappoint you. My avatar is Anna Chapman. Unlike her, I have a dick, though sadly it's not in her.

Thu, 02/17/2011 - 20:35 | 972470 RoRoTrader
RoRoTrader's picture

Not trolling for avatars. Really intended the comment as more of a compliment, and a try at dry humor.

Thu, 02/17/2011 - 15:39 | 971211 Nostradamus
Nostradamus's picture

Fisher hopes, but Bernanke is 100% certain that he can get out of this without too much inflation.

Thu, 02/17/2011 - 17:45 | 971828 IQ 145
IQ 145's picture

 Exactly; every time you find yourself dealing with a college professor who's %100 certain of something; it's time to make sure where the back door is, and if the get-a-way car is warmed up. 

Thu, 02/17/2011 - 15:42 | 971218 101 years and c...
101 years and counting's picture

I hope hell freezes over, Bernanke is arrested for treason, Dimon, Blankfein and crew are arrested for fraud and Obama resigns in disgrace.

Thu, 02/17/2011 - 15:42 | 971219 LostWages
LostWages's picture

Smoking the Hope Dope again are we?  Better roll a big one Benny!

Thu, 02/17/2011 - 15:44 | 971223 razorthin
razorthin's picture

Dick

Thu, 02/17/2011 - 15:52 | 971253 glenlloyd
glenlloyd's picture

Hope all you want, historically they've been horrible at these decisions, and this time will be no different, not that it will make any difference.

They can talk exit strategy all they want, when it comes down to it they won't exit because they can't. The idea that the Fed could ever bridge the gulf of a recession / depression without creating untold negative consequences it hogwash.

Thu, 02/17/2011 - 16:33 | 971433 hbjork1
hbjork1's picture

+10

Thu, 02/17/2011 - 15:54 | 971259 New Revolution
New Revolution's picture

I hope we get some change back.....

Thu, 02/17/2011 - 15:55 | 971263 Running on Empty
Running on Empty's picture

Fuck this !

Thu, 02/17/2011 - 16:28 | 971404 ziggy59
ziggy59's picture

Hopium- addictive substance based on no substance

Usually used excessively for chains we can believe in

 

 

Thu, 02/17/2011 - 16:31 | 971426 optimator
optimator's picture

How do I get on the FED list to get notified before they pull out?  I think it's called the Bankster list.

Thu, 02/17/2011 - 19:37 | 972236 Sluggo91
Sluggo91's picture

Exit?  What exit?

Thu, 02/17/2011 - 22:19 | 972847 Bansters-in-my-...
Bansters-in-my- feces's picture

I like Ziggy59's "chains" we can believe in.

Thats that main ingredient in "democracy" is it not.?

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