This page has been archived and commenting is disabled.

Watch Today's 2:15 pm FOMC Press Conference Live And Interruption Free Here

Tyler Durden's picture




 

While today's 2:15 pm FOMC press conference is still some time away, it is never too late to reserve your seats: the conference will be presented below live. We will liveblog the event in the off chance Bernanke says something that may be even modestly unexpected, such as the truth.

In case anyone is still confused about what is going on:

Chairman Ben S. Bernanke will hold press briefings four times per year to present the Federal Open Market Committee's current economic projections and to provide additional context for the FOMC's policy decisions.

In 2011, the Chairman's press briefings will be held at 2:15 p.m. following FOMC decisions scheduled on April 27, June 22 and November 2. The briefings will be broadcast live on the Federal Reserve's website. For these meetings, the FOMC statement is expected to be released at around 12:30 p.m., one hour and forty-five minutes earlier than for other FOMC meetings.

The introduction of regular press briefings is intended to further enhance the clarity and timeliness of the Federal Reserve's monetary policy communication. The Federal Reserve will continue to review its communications practices in the interest of ensuring accountability and increasing public understanding.

Live link. We have picked a green frame border for obvious reasons.

 

Video clips at Ustream

Updates:

  • FED RAISES ESTIMATES FOR 2011 CORE INFLATION TO 1.3%-1.6%, WAS 1.0%-1.3% BEFORE
  • FED REDUCES GROWTH OUTLOOK FOR 2011, SEES TRANSITORY INFLATION
  • FED POLICY MAKERS SEE 3.1% TO 3.3% ECONOMIC GROWTH FOR 2011, WAS 3.4%-3.9% BEFORE
  • FED FORECASTS HEADLINE INFLATION OF 2.1% TO 2.8% THIS YEAR

The Chairsatan speaks.

Supposedly, despite the drop in the economy, Bernanke still sees strength in the employment trend.

Bernanke's voice sounds like a Stradivarious tremollo.

Bernanke remains confident he can tighten whenever needed. When the tie for tightening comes, he will consider both parts of his dual mandate. Nothing about the third mandate.

Bernanke expects Q1 GDP of under 2% but believes slowdown is
"transitory", factors are the "weather", weaker construction, and "less
momentum"

On how Bernanke's policies are destroying the middle class: we care about low inflation and attracting foreign capital to boost the dollar. Pinocchio is spinning in his grave.

What will the Fed do on surging fuel prices? A.Gasoline prices have risen quite significantly. This is a bad development (and an understatement). All of the increase in demand for oil has come from emerging economies. On supply side we have disruptions in MENA, which has driven gas prices up. All of the increase in the inflation forecast comes from the jump in gas prices. Nothing the Fed can do about surging gas prices without detailing growth. "The Fed does not print oil." But Fed will try to stop pass through costs from rising (whatever that means).

How is Fed working to create sustained job creation? A. Labor market is improving. Must make sure it is sustainable. Is encouraging to see improvement in recent months, although pace is quite slow.

Is there anything the Fed can do to prevent the public from believing higher inflation is coming? A. The inflation expectations we are worried about are medium term. In the indexed bond market see near-term inflation expectations rise significantly, but "for the most part" it is fair to say medium term expectations have not moved very much, and "indicate confidence in the Fed." In the short run can communicate what our policy is attempting to do, and what steps we are willing to take. If inflation persists, there is no substitute for action.

What will be the impact on the economic recovery when QE2 ends?  How long with the Fed continue reinvestments? A. Will complete program without tapering. End of program is unlikely to have effects on market or economy. We hope to have telegraphed what we are planning to do. We subscribe to a stock view of securities purchases, which means that what matters is not the pace of ongoing purchase, but size of portfolio of Fed holdings. The amount of securities will remain constant so we don't expect an adverse effect from halting QE2. As for ending reinvestments will base decision on evolving outlook.

QE2 appears to have been ineffective. Can you end the program in June with unemployment rate still at 9%? A. I do believe QE2 was effective: we saw that first in the financial markets: we saw increases in stock prices, and reduced spreads. You would expect that based on decades of economic data that easing financial conditions would lead to easing economic conditions [but have not]. The conclusion that QE2 has been ineffective is wrong as it did the things it set forth to do. The trade offs are getting less attractive at this point. Unclear we can get improvements in payrolls without additional inflation risk, and if we are going to do a sustainable recovery, we need to keep inflation under control.

Can Fed effectively reduce long-term unemployment? A. LT unemployment is the worst it's been in the post WWII world. More people are unemployed for over 6 months than ever. Blah Blah Blah.

Do you think the US will be downgraded? A. This event [S&P warning] will provide one more incentive for congress to resolve the fiscal US problem. It's constructive.

Isn't it possible that the Fed's policies could be providing the reason for inflation? A. We don't view our policies as different from ordinary monetary policy. Problem is chosing the appropraite path of tightening, we have lots of experience in doing so? [Oh really, how many times has the Fed actually tightened under Bernanke's control].

What do you think will happen to the dollar? A. It will eventually rebound. Next question.

Some question about Rogoff and America's imminent bankruptcy. Same worthless answers.

 

This whole conference has been a complete and utter disappointment, and a disgrace for the jouranlistic profession. All the "reporters" who were there and asked the completely irrelevant questions they did will not be forgotten.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 04/27/2011 - 10:31 | 1211454 Cassandra Syndrome
Cassandra Syndrome's picture

Mr Bernanke, Are we Fucked?

Wed, 04/27/2011 - 10:38 | 1211472 Oniram
Oniram's picture

Bernanke: Of course not! USA! USA!

Bernanke: Uh, seeing that we are for sure "not fucked"...why dont you buy some T-bonds....huh? Sound good? ......uh.......Please?

Wed, 04/27/2011 - 10:42 | 1211507 Fish Gone Bad
Fish Gone Bad's picture

Why does anyone actually care that the Bernank has a talk show today?  Perhaps people think he will say something either truthful or helpful.  Time would be better spent cutting grass or washing ones car.

The writing is on the wall.  It has been there for a while now.  Things are bad.  Things will then get worse, worser, and eventually worsest ever.  One can not borrow their way out of debt.  It ends in ruin because it has always ended in ruin.

Wed, 04/27/2011 - 10:44 | 1211516 Wynn
Wynn's picture

but can you print your way out of debt?

Wed, 04/27/2011 - 10:54 | 1211579 Conrad Murray
Conrad Murray's picture

Really depends on what you mean. Can one do it? Sure. Can one do it without destroying the reserve status of the currency and the economy...?

Wed, 04/27/2011 - 11:31 | 1211794 Wynn
Wynn's picture

My comment was in jest. Ben might think he can print his way out of this jam, I don't. Every day my confidence in the currency erodes further, that's why I hold PM's.

 

Wed, 04/27/2011 - 11:40 | 1211836 TruthInSunshine
TruthInSunshine's picture

The Bernank's thesis:

"Digging oneself out of a hole requires perpetual motion."

Wed, 04/27/2011 - 13:39 | 1212360 TruthInSunshine
Wed, 04/27/2011 - 15:03 | 1212910 rocker
rocker's picture

This bastard makes me want to puke. Steve Liesman's question was not answered. He has not addressed the old lady in retirement and what he has done to their small savings.

If I could, I would puke right on him.  Put him in Jail, he lied and old folks die.      

Wed, 04/27/2011 - 15:11 | 1212963 nope-1004
nope-1004's picture

What I take from this, more than anything Benocide actually said, was the intense and overwhelming lack of confidence in the room of the Fed's policy (ie. 'transitory inflation') by the more skilled journalists asking questions.

This, of course, excludes Steven Liesman, the so obviously planted Fed mole.  "Thanks Steve".

 

Wed, 04/27/2011 - 12:41 | 1212075 Sam Clemons
Sam Clemons's picture

I think the peak of his popularity and influence has already been reached.  What is the old phrase about once everyone knows the secret, the secret is useless?  This press conference is merely showing that the secret is now officially out of the bag that following the Fed is all one has to do while investing. 

In other words, I think the peak of the Federal Reserve's pretend influence on the markets has been hit and will never again be reached.  He is about to lose control of everything that he believes he can control.

Wed, 04/27/2011 - 15:21 | 1213045 SWRichmond
SWRichmond's picture

Agree.  I only watched this briefly but it looked like a "setup to fail" moment.  "Get your ass out there and be responsible for this."  I wonder who gets Ben's parking place?

 

 

 

Wed, 04/27/2011 - 13:15 | 1212227 medicalstudent
medicalstudent's picture

ben s. will release a new note, only a few will be printed, they will read one hundred billion dollars.

 

a few to many will be sealed and flown into china...by an albatross.

 

the bird will then beak them over to chinese leadership.

 

he will then self destruct over japan on the way home.

Wed, 04/27/2011 - 10:58 | 1211603 Fish Gone Bad
Fish Gone Bad's picture

People can believe anything they want...  That still does not make it so.

Wed, 04/27/2011 - 11:32 | 1211671 TruthInSunshine
TruthInSunshine's picture

Zero Hedge picked an oh so appropriate picture of The Bernank, from years gone by, when his lizardian blood was more vibrant and Molech/Moloch beaming eyes were brighter.

 

Bernank is easy to spot in this video:

Bee Gees - Stayin' Alive
Wed, 04/27/2011 - 11:45 | 1211857 Hard1
Hard1's picture

Is that a pickture of the Bernank or Kareem Abdul Jabar?

Wed, 04/27/2011 - 13:30 | 1212326 Cassandra Syndrome
Cassandra Syndrome's picture

This here sprung to mind when I saw that spooky image

http://www.beatcityrecords.com/charles-manson-a-lp.JPG

 

Wed, 04/27/2011 - 12:27 | 1212010 velobabe
velobabe's picture

hey sunshine, why did tylers pick a green border for the video, i know it is obvious to most?

Wed, 04/27/2011 - 13:42 | 1212384 TruthInSunshine
TruthInSunshine's picture

I don't know?

Ben was a midnight toker?

We know he's a fiat joker.

Wed, 04/27/2011 - 16:41 | 1213516 anyways
anyways's picture

the color of the sooner or later worthless us dollar paper money is green.

Wed, 04/27/2011 - 12:49 | 1212106 Votewithabullet
Votewithabullet's picture

...neil diamond ,sweet caroline

Wed, 04/27/2011 - 12:04 | 1211902 JW n FL
JW n FL's picture

Bank of America Building Downtown Miami http://goo.gl/itJiJ (YouTube Video) Why does the military train to rescue bankers?

 

 

Maybe this???

 

http://goo.gl/LblE7 Federal Reserve Pays Banks 8 times more in interest for deposits than “We the People” get! 

Rigged Market Capitalism & Propaganda within the U.S. by the U.S.  http://goo.gl/RtmEr PLUS! http://goo.gl/qH4dN PLUS!! http://goo.gl/Uzm3q

Wed, 04/27/2011 - 11:05 | 1211665 AN0NYM0US
AN0NYM0US's picture

Why does anyone actually care

 

because we are all CNBC

Wed, 04/27/2011 - 12:04 | 1211923 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

Desperate times require desperate measures.

Wed, 04/27/2011 - 14:03 | 1212524 MrBoompi
MrBoompi's picture

It ends in ruin because it has always ended in ruin.
-----

For the suckers maybe, but not for crowd Bennie runs with.

Wed, 04/27/2011 - 10:39 | 1211489 AN0NYM0US
AN0NYM0US's picture

"Well, this fear of inflation, I think is way overstated. We’ve looked at it very, very carefully. We’ve analyzed it every which way. One myth that’s out there is that what we’re doing is printing money. We’re not printing money. The amount of currency in circulation is not changing. The money supply is not changing in any significant way. What we’re doing is lowing interest rates by buying Treasury securities. And by lowering interest rates, we hope to stimulate the economy to grow faster. So, the trick is to find the appropriate moment when to begin to unwind this policy. And that’s what we’re gonna do."

Wed, 04/27/2011 - 11:14 | 1211714 nope-1004
nope-1004's picture

And Benocide also said:

"Rising food prices in developing nations is, I suspect, a result of peoples' diets becoming more sophisticated."

Can a guy be that dumb?

Or can a liar be that brazen?

 

Wed, 04/27/2011 - 11:35 | 1211823 SheepDog-One
SheepDog-One's picture

Yes the peasants in 'developing countries' are no longer eating bowls of gruel, theyve stepped up to $9 burritos obviously.

Wed, 04/27/2011 - 12:30 | 1212025 Oh regional Indian
Oh regional Indian's picture

Hey! hey now!

We were doing just fine by ourselves till Coke came along. After that, it's been downhill...

ORI

Wed, 04/27/2011 - 14:06 | 1212553 Eally Ucked
Eally Ucked's picture

It looks to me that in next few years Americans will have to depend on their "services economy" and live on massages and nail polishing. Those eating gruel are used to it and will survive, but what about you, and me, guys in NA? No burgers, no burritos, no beer because gruel eating guys will stop delivering goods and money. Tough future, and I forgot: no best army in the world financed by puppets all around the world.

Wed, 04/27/2011 - 14:35 | 1212728 still kicking
still kicking's picture

We grow a lot of grain here in NA so beer probably will still be produced in abundance and fairly affordably, my guess is it will be part of the "bread" in the bread and circuses meme.

Wed, 04/27/2011 - 10:47 | 1211514 slaughterer
slaughterer's picture

I have my vomit buckets and rotten tomatoes ready in the 3rd row, center.

Wed, 04/27/2011 - 11:21 | 1211594 TruthInSunshine
TruthInSunshine's picture

Yawn.

Snooze.

Zzzzzzz.

Wake me up when The Volcker shows up to strangle The Bernank, on live teeeveeee, with a telephone cord, and holds him down and shaves his beard off.

It's oh so highly ironic that The Bernank is setting up the next Great Depression.

Obama=Carter2ndNonTerm

Wed, 04/27/2011 - 11:24 | 1211756 Problem Is
Problem Is's picture

Shave off The Bernank's beard and put a blonde wig on him and you've got...

Hillary C...

Yikes!
The Volck would drop the phone cord and run for the hills...

BTW: Obummer is a complete replay of that idiot One-Term-Carter...

Wed, 04/27/2011 - 14:44 | 1212807 JW n FL
JW n FL's picture
by TruthInSunshine
on Wed, 04/27/2011 - 11:21
#1211594

 

Obama=Carter2ndNonTerm

 

**************************************************************

 

Obama ='s Lil Bush Part Duex 2nd Term of Less Privacy (for Citizens, Corporations of course will have yet MORE! Protections offered), More Tax Breaks (of course the sales pitch will be that some how the Tax Breaks will be GREAT! for the economy! even though the Tax Breaks will only end up effecting the top tiers bottom line) and more Privatization of anything and everything that the Government can give away to Corporate America that belongs to "We the People"!

 

You fucking Republicans, with your abortion, austerity, tax breaks and of course Austerity Measures... make sure you leave your "W" sticker on your car.. PLEASE!!! I got fucking liberal for you, I will give each and everyone of you cowards I can find some liberal love! better yet I will bank roll some extra love for you fucking ignorant fucks.. and I am a firm believer in nipping the bud, let that shallow gene pool you were spawned from as well be removed from any future threat to America.. You can pick you and yours up and go live in whatever police state you choose.. but my Country will not become a fucking 3rd world police state that caters to Corporate America. This Country will be taken back and those who did in fact promote this line of Less Taxes for the Rich and Less for everyone else.. will be found, or at least while things are crazy be open game! Quote me scumbag!

Wed, 04/27/2011 - 11:03 | 1211632 barkster
barkster's picture

"I have my vomit buckets and rotten tomatoes ready in the 3rd row, center."

My sentiments exactly. A 30 second clip of that weenie makes me want to projectile vomit.

Wed, 04/27/2011 - 12:46 | 1212091 Zedge Hero
Zedge Hero's picture

It's all about the Bernank, he doesn't care if your Obama, Clinton, Carter, Bush, Mccain just as long as your not RON PAUL, which he still might giggle at.  BEN IS GOD, now go through the five stages.

Wed, 04/27/2011 - 11:05 | 1211653 fries_with_that
Wed, 04/27/2011 - 11:29 | 1211796 Stormdancer
Stormdancer's picture

Looks like 64,324.6 troy ounces of silver are about to make one hell of a lump under someone's mattress.

Just one more silver investor who has adopted the understanding that

"If you don't hold it, you don't own it."

...and is moving accordingly.

Wed, 04/27/2011 - 11:45 | 1211856 fries_with_that
fries_with_that's picture

Thanks for that - much appreciated. Are there any clients of BullionVault out there who have an opinion onthe "safety" of their bullion with BullionVault? I would love to hear the opinions of ZH readers on this matter should you guys have the time to comment.

Wed, 04/27/2011 - 12:06 | 1211922 nope-1004
nope-1004's picture

I don't have first hand experience with BullionVault, but I do with another company.  They were "reputable", but still engaged in fractional-reserve-metal-lending.  They claimed they were storing my metal, when in fact they weren't.  When I asked for delivery, they simply sourced it from the mint.

Seems there is some hesitation from individual investors to figure out how to store their own metal, which then results in a heck of alot of trust being put in whomever you store it with and creates this type of lazy storage practice.

I personally think none of those storage places actually store 100% of bought metal.  With todays supply issues increasing in Au and Ag, I'd be pretty wary of trusting any of these places.

 

Wed, 04/27/2011 - 12:14 | 1211949 EvlTheCat
EvlTheCat's picture

It depends on how you define, “.........”.  Remove the word "is" and replace this with the word "fucked".

Wed, 04/27/2011 - 12:44 | 1212082 SparkyvonBellagio
SparkyvonBellagio's picture

 

Not suggesting anything but will the lizard be sunning himself on a rock?

Wed, 04/27/2011 - 13:25 | 1212295 A Lunatic
A Lunatic's picture

Armageddon is change............

Wed, 04/27/2011 - 13:48 | 1212414 SRV - ES339
SRV - ES339's picture

Mr Bernanke, Are we Fucked?

S/B... Mr Bernanke, how fucked are we?

Wed, 04/27/2011 - 13:55 | 1212472 SRV - ES339
SRV - ES339's picture

.

Wed, 04/27/2011 - 14:18 | 1212606 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

Maybe we'll get a "deranged gunman" surprise. <fingers crossed>.

Wed, 04/27/2011 - 15:28 | 1212635 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

dammit! maybe next time. soon.

 

Wed, 04/27/2011 - 14:26 | 1212646 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

.

Wed, 04/27/2011 - 14:38 | 1212752 sodbuster
sodbuster's picture

He loves that word "transitory", doesn't he?

Wed, 04/27/2011 - 14:39 | 1212756 Juggernaut Nihilism
Juggernaut Nihilism's picture

"Mr. Bernanke, are we fucked?"

Bernank: "Depends on what you mean by 'we'."

Wed, 04/27/2011 - 15:08 | 1212952 SparkyvonBellagio
SparkyvonBellagio's picture

He said, "to blathe."

 

LIAR, LIARRRRR!!!

 

 

http://www.youtube.com/watch?v=kPZqO9uNpew

Wed, 04/27/2011 - 10:34 | 1211455 Oniram
Oniram's picture

Thanks ZH, Now I can turn off CNBC for the rest of the day.

Wed, 04/27/2011 - 10:37 | 1211471 digalert
digalert's picture

No, stay tuned to CNBS. They have a live countdown clock you can watch with baited breath.

Wed, 04/27/2011 - 10:34 | 1211456 homersimpson
homersimpson's picture

Overheard question: "Mr. Bernanke - is that silver on your ass or you just blowing more bulls**t again?"

Wed, 04/27/2011 - 10:42 | 1211503 Hearst
Hearst's picture

Gold and Silver were pushed down this morning at the open.  Much like a slave being forced to kneel before the crooked king speaks.

Wed, 04/27/2011 - 11:07 | 1211661 serotonindumptruck
serotonindumptruck's picture

On your knees, Saxon!

"Crouch down and lick the hand that feeds you!"

Wed, 04/27/2011 - 11:25 | 1211780 Problem Is
Problem Is's picture

ZH Store should sell a 1oz silver round with The Bernank stamped on it...

Wed, 04/27/2011 - 11:36 | 1211826 unky
unky's picture

no i would never buy that.  how about with a porn star on it?

Wed, 04/27/2011 - 11:44 | 1211841 Problem Is
Problem Is's picture

Then stamp "bitchez" on the back??

Wed, 04/27/2011 - 11:45 | 1211845 TruthInSunshine
TruthInSunshine's picture

That was my original idea.

I'd buy all the way to $100.

A .999 fine, 1 Ounce 'The Bernank' Silver, with a smiling The Bernank, and the words "I am not printing money" prominently engraved onto.

Wed, 04/27/2011 - 11:50 | 1211865 Problem Is
Problem Is's picture

"I'm not printing money"

Classic!

Put some Double-D jugs on the Bernank like a CNBC Anchorette so he looks like a pron star and unky will buy one...

Wed, 04/27/2011 - 11:56 | 1211899 TruthInSunshine
TruthInSunshine's picture

Someone yesterday suggest a likeness of Christopher Walken on the back side, with the words "I gotta have more cowbell" engraved.

Wed, 04/27/2011 - 14:27 | 1212591 hedgeless_horseman
hedgeless_horseman's picture

Washington, D.C. -- The Smithsonian Museum plans to display a statue of Time Magazine's Man of the Year, Ben Bernanke, that it bills as the largest gold statue built since ancient Egypt, even bigger than the Kate Moss statue, "Siren."  The statue of Bernanke will be displayed in the Museum in a gallery holding statues of other enemies of America.

Called "Gold, Bitchezzzz!!!!," the artist claims it's the largest gold statue of Satan in any of his known forms.  "He is posed as he prepares to stick his head up his ass while simultaneously putting his foot in his mouth and fielding softball questions from politicians and journalists...only in the form of a Fed Chairman can Satan accomplish this feat!"

Wed, 04/27/2011 - 13:31 | 1211890 mick_richfield
mick_richfield's picture

Not bad!  I would also like a one ounce tungsten coin that prominently says "One Ounce Fine Gold".  Or 'Fort Knox Gold".  

Maybe we could have BB on the front, and Robert Rubin on the back?

 

 

Wed, 04/27/2011 - 10:36 | 1211466 Milton Waddams
Milton Waddams's picture

Has anyone seen President Bernanke's birth certificate?

Wed, 04/27/2011 - 10:40 | 1211485 Cassandra Syndrome
Cassandra Syndrome's picture

Its a bit like Damien Omen, the Hospital where he spawned from, burnt down with all the relavant records and his Jackal of a mother is buried in some abandoned cemetary in Northern Italy.

Wed, 04/27/2011 - 11:01 | 1211633 mick_richfield
mick_richfield's picture

Not that there's anything wrong with that!

Wed, 04/27/2011 - 10:38 | 1211473 RobotTrader
RobotTrader's picture

GDX/GLD ratio has once again crashed back to annual lows.

Meanwhile, retail stocks and REITS are unfazed from the chain-selling panic going on in "hard asset" ETF's today.

Wed, 04/27/2011 - 10:48 | 1211522 Internet Tough Guy
Internet Tough Guy's picture

Why are you so shy about posting 5 day TZOO charts all of a sudden? It's the ultimate inflation hedge!

Another horrific gap down for SLW, AG, PAAS etc.
RobotTrader - Tue, Apr 26, 2011 - 08:35 AM

Yep, silver is down, but not that much.

However, the silver stocks are being thrown away in utter disgust.

And of course, TZOO is probably going to be up another $5 today.

Wed, 04/27/2011 - 10:58 | 1211615 TruthInSunshine
TruthInSunshine's picture

Why are you so shy about posting 5 day TZOO charts all of a sudden? It's the ultimate inflation hedge!

 

RoboSlob only posts charts of stocks that are rising, silly. RoboSlob's mom lost a good chunk of what remained of her life savings and retirement money in the wake of the the 2000 and 2008 crashes, and is now being punished further because she bought the top of some momos that RoboSlob recommended to her. She eats cat food for breakfast and lunch.


Wed, 04/27/2011 - 11:03 | 1211639 Internet Tough Guy
Internet Tough Guy's picture

TZOO down again today. But robo, you promised! LOL

Wed, 04/27/2011 - 10:49 | 1211530 disabledvet
disabledvet's picture

and ruin the coming out party?

Wed, 04/27/2011 - 10:38 | 1211474 AG BCN
AG BCN's picture

Anyone got a shakey voice ometer?

I hope he shows up with ink/toner all over his shirt and hands.

Wed, 04/27/2011 - 11:02 | 1211628 TruthInSunshine
TruthInSunshine's picture

'Shakes McShakester LipTwitch' is Ben's nickname at The Fed.

Wed, 04/27/2011 - 11:30 | 1211791 Problem Is
Problem Is's picture

No, but we can measure lip quiver from the video for statistically significant panic...

Wed, 04/27/2011 - 13:38 | 1212361 Piranhanoia
Piranhanoia's picture

+1  add a purple thumb and let's put the image on the coin

Wed, 04/27/2011 - 15:08 | 1212957 InconvenientCou...
InconvenientCounterParty's picture

"...Anyone got a shakey voice ometer?"

voice-o-meters are like assholes and opinions.

Wed, 04/27/2011 - 10:36 | 1211476 tekhneek
tekhneek's picture

$10 says he freezes up and just shits himself.

Hopefully someone got ahold of Tyler's 20 questions and intends on asking a few of them.

Wed, 04/27/2011 - 11:52 | 1211540 Hearst
Hearst's picture

I hope at least one reporter asks him a serious question about America's Gold holdings.  The Bernak must have been preparing for this.  

 

What if he repsonds by saying something along the lines that America's Gold holdings are all intact and unencumbered.  And that a rising Gold price means the US benefits from this since their holdings are the largest in the world?

 

I know probably far fetched, but wouldn't he do better by talking up America's Gold reserves?  Either way bullish for PM's.

Wed, 04/27/2011 - 10:52 | 1211549 Fish Gone Bad
Fish Gone Bad's picture

I will take your bet.  The Bernank is a smooth criminal.  The sad part for him as well as a great number of people, is that they think he will somehow save the US.  He won't.  History will portray him as some sort of valiant money wizard.  The truth is more like you suggest, he is a scared little boy inside, full of insecurity and doubt. 

Wed, 04/27/2011 - 12:15 | 1211941 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

Only a fool believes he can change the tide of History by talking into a microphone.

 

-Bubbles

Wed, 04/27/2011 - 10:39 | 1211478 Dan The Man
Dan The Man's picture

 

interruption free ?   now that's a dare.

Wed, 04/27/2011 - 10:39 | 1211479 New Survivalist
New Survivalist's picture

dupe.

Wed, 04/27/2011 - 10:36 | 1211481 New Survivalist
New Survivalist's picture

"Thank you all for coming. I would like to turn it over now to Dangertime, so he can enlighten us all on what it means to be a raging dick."

 

 

 

 

Weimar, bitchez! 

Wed, 04/27/2011 - 10:39 | 1211482 AndItsGone
AndItsGone's picture

Don't forget to pick up your official King Biscuit Flour Presents the Benron Bernanke Transitory Inflation Smile-time Hour bingo cards right here!

http://bit.ly/g7TNwR

Wed, 04/27/2011 - 10:40 | 1211487 RobotTrader
RobotTrader's picture

KRE up 4 days in a row.  Maybe some good news on the banks will be announced?

Wed, 04/27/2011 - 10:48 | 1211539 Internet Tough Guy
Internet Tough Guy's picture

What about TZOO? No comment?? lol

Another horrific gap down for SLW, AG, PAAS etc.
RobotTrader - Tue, Apr 26, 2011 - 08:35 AM 

And of course, TZOO is probably going to be up another $5 today.

 

Wed, 04/27/2011 - 10:53 | 1211558 disabledvet
disabledvet's picture

Was that $24 billion that was spent by J&J today?  Interestingly...the company they are buying has been ripping for weeks...until today of course where...it went down?  i'm confused again....

Wed, 04/27/2011 - 11:27 | 1211785 SheepDog-One
SheepDog-One's picture

TZOO chart, Robo?
BTW how can you do so much posting from inside that locker the football team stuffed you in, isnt the light bad in there?

Wed, 04/27/2011 - 10:43 | 1211497 Mercury
Mercury's picture

Is he going to sing Slip Sliding Away?

Wed, 04/27/2011 - 11:12 | 1211692 serotonindumptruck
serotonindumptruck's picture

I'd be more impressed with Highway to Hell.

Wed, 04/27/2011 - 14:07 | 1212554 SRV - ES339
SRV - ES339's picture

Yeah, the pic does look like Paul Simon... possible song list...

At The Zoo, The Boy In The Bubble, Bridge Over Troubled Water, Fakin' It, Homeless, Hurricane Eye, I Am A Rock, A Most Peculiar Man, You Don't Know Where Your Interest Lies.

And for the grand finale...

Still Crazy After All These Years!

Wed, 04/27/2011 - 10:41 | 1211499 tmosley
tmosley's picture

For a second, I thought the image in the preview was Charles Manson.

WB7 should put a swastika on that forehead.

Wed, 04/27/2011 - 10:58 | 1211620 sdmjake
sdmjake's picture

+life w/o parole

Wed, 04/27/2011 - 12:19 | 1211968 Irwin Fletcher
Irwin Fletcher's picture

I'd like to see him duke it out with Manson. When a mass murderer laments your genocidal Ponzi scheme, you know you've done something historical.

Wed, 04/27/2011 - 10:42 | 1211504 countryboy42
countryboy42's picture

Is it just me, or does the picture from the main thread look like one of the BeeGee's?

Wed, 04/27/2011 - 10:44 | 1211510 Ruffcut
Ruffcut's picture

The pic looks like paul simons brother. Benny didn't pass the guitar audition but learned to take heavy hits off the bong.

I bet his baby pics have a beard, too. If you can't cover your ass, at least cover your face.

Wed, 04/27/2011 - 10:47 | 1211521 scratch_and_sniff
scratch_and_sniff's picture

The fourth Bee Gee.

Wed, 04/27/2011 - 10:50 | 1211525 Don Birnam
Don Birnam's picture

...And here's the opening pitch...

...Holy cow ! A perfect Eephus -- slow as molasses right over the plate, from starting questioner Jon Hilsenrath ! It's outta' here -- "Bambino" Bernanke put that one WAY back into the upper deck in left !

This is going to be a home run derby like the old days...and it's only the top of the first !

Wed, 04/27/2011 - 10:47 | 1211531 buzzsaw99
buzzsaw99's picture

Which word will the fed change in its statement?

How many more billions will the fed give to JPM?

 

stay tuned for these and other exciting revelations.

Wed, 04/27/2011 - 10:47 | 1211533 Hansel
Hansel's picture

Have a cartoon,

Benron Gets A Headache

At the Feral Reserve’s first ever press conference, questioning gives Benron a headache.

Wed, 04/27/2011 - 22:03 | 1214581 saulysw
saulysw's picture

Another classic! These are really funny, people. Get into them!

Wed, 04/27/2011 - 10:50 | 1211536 ZeroPower
ZeroPower's picture

Wrong, green frame border chooses you.

Wed, 04/27/2011 - 10:52 | 1211547 JustPrintMoreDuh
JustPrintMoreDuh's picture

reporter : Mr. Benanke, the American sheeple demand the truth.

ChairSatan : You cant handle the truth!!

<fade to black>

 

Wed, 04/27/2011 - 10:59 | 1211622 c-rock
c-rock's picture

That is for sure true. 

Wed, 04/27/2011 - 10:50 | 1211552 Josh Randall
Josh Randall's picture

The Soetero extravaganza today was meant to STEAL the news cycle away from The Bernanke's continuation of QE3 and the consequences there of.

More Headline stealing sideshows to come when the SHTF the Elites can pull out:

* Qadaffi killed

* NFL Players to cross picket line

* Trump to bow out of race

* Dancing with the Stars to be on Ice next year

Wed, 04/27/2011 - 10:53 | 1211573 RobotTrader
RobotTrader's picture

Dollar starting to U-Turn.

All the Forex Gridbots will have to reverse their bets any minute now.

Wed, 04/27/2011 - 11:03 | 1211657 Internet Tough Guy
Internet Tough Guy's picture

No TZOO u-turn. Still falling. But Robo, you promised! LOL

Another horrific gap down for SLW, AG, PAAS etc.
RobotTrader - Tue, Apr 26, 2011 - 08:35 AM

And of course, TZOO is probably going to be up another $5 today.

Wed, 04/27/2011 - 11:48 | 1211864 SheepDog-One
SheepDog-One's picture

'Dollar starting to U-turn, all the way from 73.7 to 73.8'! WOW!!

Wed, 04/27/2011 - 11:59 | 1211904 cosmictrainwreck
cosmictrainwreck's picture

maybe Robob has trouble with premature ejact....

Wed, 04/27/2011 - 13:11 | 1212201 goldfreak
goldfreak's picture

U turn? desperate aren't we our poor Robo

Wed, 04/27/2011 - 15:16 | 1212992 latcho
latcho's picture

ROBOTRADER another FAIL !
Silver & Gold U-TURN
why you keep saying "dollar' when you actually want to say "silver"

DOLLAR AT LOWEST 73.48!

Wed, 04/27/2011 - 10:53 | 1211576 Eureka Springs
Eureka Springs's picture

There should only be one question and one demand. I'll never understand why so many ZHers who despise Ben, rightfully so, imo... don't focus on these two points without fail

 

Why aren't you in jail?

 

Step down now!

Wed, 04/27/2011 - 12:17 | 1211952 AG BCN
AG BCN's picture

Who do you work for and do they think you are doing a good job?

Wed, 04/27/2011 - 12:21 | 1211983 Irwin Fletcher
Irwin Fletcher's picture

US Dept. of points, questions and commands. Arkansas, bitchez.

Wed, 04/27/2011 - 11:10 | 1211578 THE DORK OF CORK
THE DORK OF CORK's picture

What would happen if you converted term deposits in commercial banks into treasuries -these are not really deposits (checking accounts) but loans to the bank.

Leave the "assets" to so called risk capital and run utility banks to keep the payment system open.

The assets could be cleared using cash rather the credit and would rapidly get into equilibrium with the economy.

Would you not increase the monetory base to a stable size relative to credit without Gold and inflation.

Just saying..........................................

 

 

Wed, 04/27/2011 - 10:57 | 1211593 disabledvet
disabledvet's picture

Watch and learn.  Watch and learn.  Dollars to donuts "he remembers that house in South Carolina" and all the other ones he was scared to death to buy.  "Turned out he was as right then as he is now."

Wed, 04/27/2011 - 10:56 | 1211606 swissaustrian
swissaustrian's picture

Holy Sh.., CHF/USD rallying today

Looks like a lot of hf´s covering their usd-shorts.

Wed, 04/27/2011 - 11:32 | 1211798 SheepDog-One
SheepDog-One's picture

Wow, all the way up to 73.9, virtual bull run on the dollar! Oh wait....

Wed, 04/27/2011 - 11:00 | 1211608 mayhem_korner
mayhem_korner's picture

What do you think he's going to say - nothing!

He's not going to admit even the possibility about being wrong on inflation.  BTW, if inflation is chugging along in the U.S. at a third the rate it is in India, China and every place else, why would Benny stop that?

Look at all the signals - GS' bear raid on commodities sets them up for a buy back.  Margin increases provide some short-term relief on commodity bull runs (headroom).  Ben can point to the disaster that is Europe and make some fictitious link to their recent tightening.

And on it goes.  Nothing but dovish language will spew forth from the bearded hole in his face.  And then let the games begin!

Wed, 04/27/2011 - 10:58 | 1211611 Cassandra Syndrome
Cassandra Syndrome's picture

I wonder who will represent the New York Times? The Krugger?

Wed, 04/27/2011 - 11:00 | 1211617 Cone of Uncertainty
Cone of Uncertainty's picture

Question: "Mr Bernanke, how long do you intend to ass rape the American people?"

Bernanke: "As part of our dual mandate, balloon knots across this country should expect more reaming."

Wed, 04/27/2011 - 10:58 | 1211621 topcallingtroll
topcallingtroll's picture

DAMMIT IS THE SILVER CORRECTION ALREADY OVER?

that has to be the most sissy man, goober gobling correction in history. When are we going to see some more manly corrections again.

Cmon Ben, it is round six. You need to open a big can of whup ass on silver this afternoon.

Wed, 04/27/2011 - 12:39 | 1212062 centerline
centerline's picture

LOL.  +1.  He needs to man-up and kick silver in the nuts so that I get a better entry for the next purchase.  Come on Ben!  Spank those nasty PMs.  Make 'em cry.

Wed, 04/27/2011 - 10:59 | 1211623 docmac324
docmac324's picture

Alas, the first real presidential address to the nation.

Wed, 04/27/2011 - 11:01 | 1211635 sbenard
sbenard's picture

I can't wait to see "Bubbles" Bernanke's presser! Yawn!

Volatility assured!

Wed, 04/27/2011 - 11:02 | 1211644 buzzsaw99
buzzsaw99's picture

the bernank has a purty mouf.

Wed, 04/27/2011 - 11:20 | 1211749 serotonindumptruck
serotonindumptruck's picture

Yeah, put some hair around it and it would look just like...oh wait.

Wed, 04/27/2011 - 11:24 | 1211765 Don Birnam
Don Birnam's picture

Ben likes to go canoeing. Picks a mean banjo, too, I'm told.

Wed, 04/27/2011 - 11:04 | 1211645 mick_richfield
mick_richfield's picture

I think somebody should throw a handful of Silver Eagles in the air in the middle of the room and see what happens.

Wed, 04/27/2011 - 13:47 | 1212427 JohnG
JohnG's picture

I sure would like to see a shoe, perhaps a nice heavy woorkboot, nail him in the face.

Wed, 04/27/2011 - 11:04 | 1211647 baby_BLYTHE
baby_BLYTHE's picture

The Money Printer will continue to print, that I am sure.

Wed, 04/27/2011 - 11:05 | 1211655 sbenard
sbenard's picture

Will he finally admit to the Ponzi? I doubt it!

Wed, 04/27/2011 - 11:09 | 1211689 dick cheneys ghost
dick cheneys ghost's picture

Here is a little satire while we wait.....The rich protest for more wealth

 

http://glossynews.com/top-stories/business-news/201104270505/hooray-for-me-fk-you-filthy-rich-protest-for-more-wealth/

Wed, 04/27/2011 - 11:12 | 1211690 TruthInSunshine
TruthInSunshine's picture

Doesn't The Bernank have a Weimaraner?

I heard it's his favorite breed.

Wed, 04/27/2011 - 11:10 | 1211691 lolmao500
lolmao500's picture

Anything he does screws America. So... yeah.

Wed, 04/27/2011 - 11:10 | 1211693 bigdumbnugly
bigdumbnugly's picture

he's always had a fine beard though.  a fine beard.

i do believe my inferior and less dense beard has prevented me from also attaining a high career position.

there must be an organization of lawyers out there that specialize in matters of facial hair discrimination?   because i do believe i can prove to a jury that i can equally perform the job of fed chairman.   i too can talk endlessly without saying much of anything anyone can discern, while simultaniously further screwing up the economy.

i just don't have the beard...

 

 

Wed, 04/27/2011 - 11:12 | 1211701 Atomizer
Atomizer's picture
30 Bernanke Quotes That Are So Absurd You Won’t Know Whether To Laugh Or Cry

http://www.businessinsider.com/bernanke-quotes-2010-12#nov-21-2002-1#ixzz1KjkEJ8xZ

Wed, 04/27/2011 - 11:13 | 1211706 NotApplicable
NotApplicable's picture

I've forgotten, which Bee Gee was he again?

Ah, Ah, Ah, Ah

Stayin' Alive

Stayin' Alive

Ah, Ah, Ah, Ah

Stayin' Aliiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiive

 

Wed, 04/27/2011 - 11:38 | 1211821 Problem Is
Problem Is's picture

Barry was the bearded fucker...

"Got the wings of heaven on my shoes
I'm a dancin fool and I just can't lose.


Ah, ha, ha, ha, stayin' alive, stayin' alive
Ah, ha, ha, ha, stayin' alive..."

Wed, 04/27/2011 - 11:58 | 1211884 TruthInSunshine
TruthInSunshine's picture

And now it's all right, it's ok
and you may look the other way
We can try to understand
The New York Times' effect on man

Wed, 04/27/2011 - 11:15 | 1211718 AldoHux_IV
AldoHux_IV's picture

Listening to the MSM-tards this morning it's painfully obvious that these idiots love the genocidal maniac that has somehow risen to the chair of the federal reserve-- an institution hell bent on destroying anything worthwhile in the economy and blowing up things that add zero value to society.

Idiotic quote of the day (so far): 'It will be interesting to see just what Chairman Bernanke will do now to help boost employment even further.'

Wow the level of circle jerking I see going on here would make Hitler jealous and green with envy-- Bernanke has somehow convinced the idiots on tv and around the world (aside from a small population) that he knows what he's doing and is even applauded for his efforts.  I'm never surprised at how dumb this world can get-- what a sad and pathetic joke.

Wed, 04/27/2011 - 11:27 | 1211781 SoNH80
SoNH80's picture

"Comrades, we cadres of the Polish Socialist Workers' Party shall, with the guidance of our fraternal socialist brothers in the U.S.S.R., build socialism in our People's Republic by overfulfilling the Five Year Plan, completing it in 1959, not 1960, and thereby shortening the toilet-paper lines by 15 metres on average, per diem.  Onward, comrades!  To the Leninist days!"  MEANINGLESS FED PRONOUNCEMENTS REMIND ME OF THIS.  Ptt.

Wed, 04/27/2011 - 11:20 | 1211740 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

I'm sure I saw him in an awful 70's porno movie,fluorescent shirt with butterfly collar,tank top,platform shoes.........................

Wed, 04/27/2011 - 11:25 | 1211767 Don Birnam
Don Birnam's picture

"Debbie Does the Dallas Fed ?"

Do NOT follow this link or you will be banned from the site!