Today's Economic Data Docket - Quiet Day Followed By Bernanke Speech

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Tue, 06/07/2011 - 08:28 | 1346359 buzzsaw99
Tue, 06/07/2011 - 08:33 | 1346364 White.Star.Line
White.Star.Line's picture

Another day of Bernanke "bamboozlement, misdirection, and outright lying", brought to you by one of the greatet actors of our generation.

Princeton should close for good out of shame.

Tue, 06/07/2011 - 08:35 | 1346366 bania
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will bernanke's hot air levitate the gold price again? Inquiring minds want to know.

Tue, 06/07/2011 - 08:59 | 1346455 tarsubil
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If you're buying PMs today, be sure to buy before Bernank goes on.

Tue, 06/07/2011 - 10:18 | 1346664 Rynak
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My intuition says it'll be the opposite.... he will have to say something that stops the US dollar from puking blood. He will say stuff lik "naaaah, everyone knows there will be no QE3, right?" (yup, right... there will be something else... at least linguistically. If only to make fischer not a liar)

Tue, 06/07/2011 - 10:31 | 1346727 LongBalls
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Regardless of his QE oral diarrhea we know this. Interest rates will stay low for the foreseeable future. Trillion dollar budget deficits are now the norm. Without the Fed. who is going to step in to buy in large enough quantity to replace the Treasuries number one buyer?

This is just another step in the square dance. Boxed in he be.

Gold and silver may take a dip this afternoon but rest assured. It will be temporary.


Tue, 06/07/2011 - 08:36 | 1346368 Reptil
Reptil's picture

Ah nice, gold will go some higher once he starts talking. ;-P

Tue, 06/07/2011 - 08:41 | 1346384 mayhem_korner
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From the IMC dinner menu...

Free range, earless rabbit with a potassium iodide-honey glaze

German bean sprout salad

New York style broiled Weiner (pictured above)

Dessert: blood pudding courtesy of U.S. pension fund

Tue, 06/07/2011 - 09:18 | 1346490 Translational Lift
Translational Lift's picture

You forgot Cesium Shiraz..........

Tue, 06/07/2011 - 08:44 | 1346406 Chippewa Partners
Chippewa Partners's picture

Am headed down today to do my part, any other ZH'ers going to be in the crowd?   

Tue, 06/07/2011 - 08:52 | 1346441 slaughterer
slaughterer's picture

"No mention of QE3 expected yet."  When, then?

Tue, 06/07/2011 - 09:18 | 1346489 Cdad
Cdad's picture

In my opinion, August at the earliest.

Tue, 06/07/2011 - 08:54 | 1346436 Translational Lift
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"The US Economic Outlook"

Black Hole.............

This douche bag is on the deck of the Titanic knee deep in the Atlantic squawking....remain calm....this is just transitory!!

Tue, 06/07/2011 - 08:56 | 1346448 White.Star.Line
White.Star.Line's picture

Actually, Big Ben is sitting in a padded lifeboat seat, wrapped in a warmed blanket and sipping coffee, talking into a bullhorn to the people on the Titanic decks, asking them to "remain calm".

Tue, 06/07/2011 - 09:01 | 1346458 Translational Lift
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"padded lifeboat seat"

Hmmmm.......They have those on the White Star Line??

Tue, 06/07/2011 - 09:17 | 1346484 White.Star.Line
White.Star.Line's picture

For our "distinguished" passengers.

Tue, 06/07/2011 - 08:59 | 1346447 KlausK
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There he is, Bernank at the Fed:

"Protect me from Lloyd!"

Tue, 06/07/2011 - 09:03 | 1346456 PeaBird
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Der Bernank's address at the International Monetary Conference titled "The US Economic Outlook"

He has a full address for this topic? I would've thought that all this topic needed in the "addressing" department, was a one word sms that says: fucked.

Tue, 06/07/2011 - 09:19 | 1346475 TomGa
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"The U.S. Economic Outlook"

Oh, comedy. Great! I love comedy.

Tue, 06/07/2011 - 09:26 | 1346526 UGrev
UGrev's picture

21:30. Bernanke breaks out the magic eight ball, shakes it and reads our fortune...

--come on baby.. please don't say "outlook not gooo... " damnit.. hang on, I'll shake it again, maybe it'll be a good fortune this time.. 

Tue, 06/07/2011 - 09:34 | 1346553 NotApplicable
NotApplicable's picture

I think someone messed up the title of The Bernank's speech. It was supposed to be titled,

The US Economic, look out!

Tue, 06/07/2011 - 09:41 | 1346574 nathan1234
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Shalom Ben should be behind bars not giving speeches.

Tue, 06/07/2011 - 09:51 | 1346606 AcidRastaHead
AcidRastaHead's picture

Anytime Bernanke or a mainstream media puppet uses the word "recovery", mentally replace it with "purgatory".  It's good for a few laughs plus constantly hearing about "signs of a purgatory" seems much more prescient.

Tue, 06/07/2011 - 10:25 | 1346687 LawsofPhysics
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As a much younger man, I worked for mountain operations at "Purgatory Ski Resort" in Durango Colorado.  Good times indeed.  I still have some property there and was very disappointed when the name of the resort was changed to "The Durango Mountain Resort" as as to no longer offend the many southern Baptists who vacation there.  The ski runs were named accordingly (Hades, Styx, catharsis, etc.).  People need to look in the mirror and get the fuck over themselves already.  Gold, guns, ammo, and like-minded neighbors indeed.

Tue, 06/07/2011 - 09:52 | 1346610 Eireann go Brach
Eireann go Brach's picture

Ladies and gentlemen, thank you for attending todays event! Listen, we are fucked, completely Weiner fucked!

Tue, 06/07/2011 - 10:20 | 1346670 LawsofPhysics
LawsofPhysics's picture

don't short the market until the bernanke opens his mouth, then short away!

Tue, 06/07/2011 - 11:19 | 1346891 PaperBear
PaperBear's picture

Gold/silver rolling over a bit.

We need Ben to say some easy money words.

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