Watch Ben Bernanke Discuss An "Unusually Uncertain" Outlook For The Economy Live And Commercial Free

Those interested in the latest compendium of mendacious vomitus emanating from the primary orifice of the Fed chairman for about 4 hours can do so here (C-Span) or here (Closed Circuit senate camera where the interns whisper off to the side).Oh, and that rumor about the Excess Reserve interest rate cut was total premeditated BS as expected.

Full speech here.

Comments

[Steve Evets]

Quote of the day imo

[fartface]

could you just feeeeee bens but puckering as that 'somewhat slower than projected' comment came out of his beard...

[Contura]

Ben never said....Double Dip.

[Grand Supercycle]

Bearish DOW chart update:

http://stockmarket618.wordpress.com

[Bagbalm]

I appreciate the transcript - but I can't make myself sit and read what I know will simply be infuriating bullshit.

[THE DORK OF CORK]

In response to Shelbys questions about the tools left to the fed.

BB"We need to think about possibilities" - he then gives the usual debt extension mechanisms

Shelby "Some people think the fed is running out of options"

BB   "I think we do still have options but they are not going to be conventional options so we need to look at them carefully and make sure we are comfortable with any step we will take"

Is BB finally going to do the decent thing ,fess up , finish his breakfast and start buying the shiny stuff at $5000 dollars a ounce.

[Muir]

Do you have any idea how idiotic that last statement was?

[GoinFawr]

Yes I do Muir, it was about as idiotic as your claim to... look can you turn off that pair for a second please, I can't focus long enough to type a decent response to your pointless ad hom's; the girls are messin' with my Chi.  Oh sure, it was plenty of fun at first but now it's starting to make my pupils dilate and wobble every time I read one of your inane posts. It's like over-raiding your kid's Halloween candy after they've gone to sleep and then staring at one of those 3D laser prints (an adult print).  Those ladies should be tapped for a Psyops operation or some'at, they're so effective at disarming any opposition; er, and by 'tapped' I mean, well, nm.

[THE DORK OF CORK]

Idiotic , idiotic on what terms.

Is it that BB is unable and unwilling to take actions that will reverse and reboot the debt engine monster - most probably.

Or is it that Dork is seeing patterns in Fed speak that really do not exist .

Or maybe.......... I concur those puppies are a unfair advantage in any discussion - maybe you need to deflate your assets.