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

Tyler Durden's picture

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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.

bania's picture

will bernanke's hot air levitate the gold price again? Inquiring minds want to know.

tarsubil's picture

If you're buying PMs today, be sure to buy before Bernank goes on.

Rynak's picture

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)

LongBalls's picture

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.

 

Reptil's picture

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

mayhem_korner's picture

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

Translational Lift's picture

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

Chippewa Partners's picture

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

slaughterer's picture

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

Cdad's picture

In my opinion, August at the earliest.

Translational Lift's picture

"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!!

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".

Translational Lift's picture

"padded lifeboat seat"

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

White.Star.Line's picture

For our "distinguished" passengers.

KlausK's picture

There he is, Bernank at the Fed:

http://www.youtube.com/watch?v=6WnHm7Bg0hI

"Protect me from Lloyd!"

PeaBird's picture

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.

TomGa's picture

"The U.S. Economic Outlook"

Oh, comedy. Great! I love comedy.

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.. 

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!

nathan1234's picture

Shalom Ben should be behind bars not giving speeches.

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.

LawsofPhysics's picture

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.

Eireann go Brach's picture

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

LawsofPhysics's picture

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

PaperBear's picture

Gold/silver rolling over a bit.

We need Ben to say some easy money words.