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Watch Today's 2:15 pm FOMC Press Conference Live And Interruption Free Here
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.
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.
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Instant Classic!!!
ORI
um, it had to be ....
"Behind the Green Door"
Step right up folks and take a peek at the Bearded lady from deep in the bowels of Zimbabwe. Watch her lips quiver with penis envy when Ron Paul asks a question. For one small token of silver you can witness one of the most incredible oddities under the Big Top. Place your bets on if she will grow a pair.
No sir those are not strings attached to her arms and we did not use Howdy Doowdy doll. See the lifelike facial hair and those genuine ink stains under her nails? And besides hair on Howdys..... um Benice's head would get tangled up in the rotor blades.
This is a pr effort by the Fed. The effort will be aimed at convincing the public that the Fed is acting in their interest. It would be a disaster to go hawkish at this first press conference and crash the market.
"Media: admit it, Trump forced the issue. Now, don't let the WH distract you w/the birth crt from what Bernanke says today. Stay focused, eh?"
http://twitter.com/#!/SarahPalinUSA
Isn't it curious how the Nasdaq and S&P futures are near highs on the exact same day Benny's gonna give us info on the continuation of QE? Either we breakout under the assumption that the two-decade-long wealth illusion continues or the markets literally shits their pants in double tops and start the total breakdown we've long suspected. Bring out the potato chips and soda, it's gonna be a wild ride.
I'm putting on me Bruce Willis shoes (the man's a stud)
PS. I am Young.
Or, door #3:
Markets spasm violently for several minutes, shaking out weak longs and shorts, IV collapses and everything trades sideways.
yup....don't trade the first 2 minutes, for sure - it reverses violently. then what? like ya say..... more of the same: topping in June?
That photo reminds me of:
-or-
Both an appropro book and film for today.
He looks familiar.. Hmmmmm
http://www.youtube.com/watch?v=6tiHTm6nBUw
The Bernank busts into the press conference singing:
Did williambanzai7 photo shop that Bernank hair on?
Brilliant photograph Tyler!
Was Ben a member of ABBA by any chance?
DavidC
Money money money, it's a rich man's world
We had our deflation scare in 2008, then we had our inflation up until now.
Any guess that it's time for deflation again?
In 15 Minutes, danger.
Ben's on the case.
This is all BS. Do we think Bernank is going to say anything that differs from when he testifies on The Hill?
No matter how tough the question is, Ben has already been briefed on what to say. He can dismiss any serious question and there are NO FOLLOW-UP QUESTIONS allowed.
Readers here need to know that BEFORE Ben did his famous "aw shucks" 60 Minutes interview, he hired a team of PR pros. They are now part of the plunge protection team. They've been doing sinister work ever since.
Today's presser is nothing more than a new form of Fed Jawboning. The press and markets will ALL be parsing words and reading between the lines. As always this will be about what's not said
WOW if that PR team for his 60 Minutes faceplant is the best they can come up with, we're fucked!
QE3 YES WE CAN !!!!!!!
QE4 WIN THE FUTURE!!!!!
QE(n+1) to infinity and beyond with Hal9000 bitchez!!!
""Debbie Does the Dallas Fed ?"
LOL,however I'm sure he lasted a considerable time,but withdrew after 15 minutes.....
Rusty- 'Gee thats great dad....but do you think mom will buy it'?
Ben Shalom Griswold- 'Good talk, son'
He's cute, but wistful. He has that "I wish I could have been Ayn Rand's toy-boy like Alan was" kind of look.
Alan was hitting that?!?
http://www.aynrandsociety.org/
JFC, it looks like she was kicked in the face by a horse.
Um, well ... I think it was sort of .. the other way around, actually.
But, yes! Isn't that something? he got to read Atlas Shrugged in freaking manuscript! That's why he became Saint Rand's mole inside Babylon.
On his deathbed he will be heard to whisper, "I did it for you, Ayn. I brought it all down."
We run a fund and use BullionVault. We did substantial due diligence, we believe that our numbered gold bars there are completely safe. The link above does not tell you much about that issue. We have an eight figure gold balance with BullionVault and are very comfortable.
This won't be a 'press conference'; it will be a dog-n-pony show. Bernake will placate the markets by saying absolutely nothing of significance. In the end there will be no change in current policy. (jmho) Likely talking points will be the usual: employment picking up, housing slow, inflation low, strong dollar policy, exit strategies are being considered, yada, yada, yada. Again, (jmho).
You think China will buy it?
I think China quit buying it a while back. Which is why Ben has no choice but to monetize. If China were still an insatiable buyer then we'd sell to them. Either way, as so many have pointed out, it's just about game over. The Fed is no longer the buyer of last resort; it has become the buyer of only resort. (imho)
Alas, the first real presidential address to the nation.
Wow, Those margins are really killing Amazon. Down a whole + 10. If loving high Margins is wrong, Then i don't want to be right.. Praise The lord Bernanke
and now, live, we have bozo the clown for your viewing pleasure.
Federal Fund Rate
http://www.federalreserve.gov/newsevents/press/monetary/20110427a.htm
off air?
Does the dollar have another rally left in it?? Anyone? anyone? One last hoorah?
Fed still says no inflation?
Dillussional.
i realise this is a difficult concept beyond the understanding of most mortals, but when the Fed speaks of "inflation", it is referring to the CPI. that is the inflation number the Fed mandate is applicable to. that is the same inflation number every other CB in the world is targetting also, and at exactly the same level ie about 2%.
you may have also not noticed but US CPI is currently somewhat below that.
USA Number 1! USA! USA!
Give me control of a nation's money supply, and I care not who makes its laws.
BITCHEZ!
But the CFR bottom-up plan didn’t work, and now “the menace of our republic” is trying to do it directly from the top . The idea that the central planners could start lining up the European countries, and the North American countries and Latin American countries from bottom up – meaning through the political system – did not work. Ethnic differences in Europe combined with expanding economic power began to divide the Euro Zone idea. And in North America, while the politicians rubber stamped NAFTA and blurred border restrictions and other sovereignty issues, American opposition to these political efforts has grown tremendously, stopping the central planners from getting an immigration bill and greasing the NWO through.
So with more and more failures looming – including the global economy - the would-be world rulers are returning to the top-down measures for a world currency and government; hence, IMF’s U.S. and Japanese analysis to put itself in a more conspicuous leadership role.
I already had 8 hours of sleep. The mumbler nothing but a dead head fed freak show.
Gold up to 1514 from 1507 since statement and silver .75 cents up
Debt = wealth... weakness = strength... I-pads = food... UST = gold... starvation = diminishing quantative caloric inputs.
"Inflation" will be purged from 2nd quarter 2011edition of the Fedspeak dictionary as "depression" was many editions ago.
I'm lovin it. Get used to it.
live blog is very cool - should be entertaining. would be even better if you could do those "pop-ups"
Not a single board member had the guts to vote against? just a joke
PLEASE please please can Ben arrive to the meeting by helicopter ? I bet he wants to , surely he does !
You better use your time to watchMadrid-Barça semi-finals of the Eur campion's ligue. It should be a great game with more intrigue and excitement than watching out for Bernanke's chopter collapse.
T minus one hour til Bubble boy speaks to the peasants.
I speak fluent fed and they clearly said buy precious metals and cover your silver shorts.
The silver flash crash is over. We hardly knew ye.
+1 Fluent Fed- Fucking Priceless!!
Jim Rickards commented on the sudden inititation of these press conferences during one of his recent interviews on King World News. He made 3 points very politely, but they could be paraphrased as follows:
1. The conferences became necessary due to the tanking economy and the increasing unpopularity of the Federal Reserve both in the US and abroad, in an imitation of the ECB press conferences.
2. Nevertheless, they are a pure propaganda exercise.
3. Point 2 is ensured by the fact that the attending journalists don't know J.S. about economics, and real cognoscenti are excluded.
It’s like Orwell wrote the Fed’s FOMC press release. And with Fed-approved journalists, the Ministry of Truth scenario is complete.
04-27 13:32: Talk in the Pit that Fed's Bernanke's asked for question submissions 2 days in advance to be vetted for the Press Conference
during squawkbox this morning, liesman, et al, stated bennie had thoroughly reviewed all of the questions...
These hack journalists have already been told what to ask. How about this one:
"Mr Benanke, how did know exactly what to do when you saved us from a second great depression?"
Yes. The press conferences show the desperate straits in which the Fed finds itself. Bernank now needs to use favorable media outlets to provide the friendly face, the caring attitude and the obfuscation of complicated issues to placate the rising concerns of the American people.
Using his biggest trick, double negatives, and vague assessments and many impertinent details, he'll begin: "You know, these things are not that easy to figure out. We've got this coming and that going... And with all of this, progess is definitely being made..."
And it will be his definition of progress, not the economic reality Americans are facing, that we will hear.
Wow, live blogging the FMC press conference. If this was football ZH would be flagged for piling on, but I like it, alot! May the minions of Bernocchio bashers unite here at 2:15 pm to protest the FED's actions and its very existence.
Question: why would gold and silver pop on the news that POMO is going to end?
Any takers on what Ben's opening soliloquy will be?
I am guess it will go something like the following,
"We are the Octopus. You will be assimilated. Your biological and technological distinctiveness will be added to our own. Resistance is futile."
i am the walrus.
Koo Koo Ka-Choo
http://youtu.be/oqNg6DIwyIY
Well, from what I'm seeing, Bernanke uses botox.
His forehead does not move neither does he have any movement around his eyes.
I don't consider this to be a vanity thing for him, but more likely than not, a tactic to further throw off examiners of his emotional and mental processes.
He doesn't want people to see him sweat-it.
~Misstrial (who has botox treatments)
Chairman Bernanke, when is the next press conference scheduled.
He shall announce that from this point onward all banks are now part of the fed. Or that he has been made king.
... At what level is the weak dollar no longer bullish for stocks?
" FREE to good home", the S&P 500.
1,000 threader right here at 2:15
Apologies if already mentioned, but I hear rumours that these questions have been vetted for 2 days.
No shit, and the market will rally accordingly as prescribed. Inhale to the chief.
"in the interest of ensuring accountability and increasing public understanding"... Yeah, the public better understand "the Fed is the Market".
I fucking hope not.
the vintage picture of Ben is a great example of what an aspiring elitist in his formative years looks like.
[1:57]
Move it shubby, I'm claiming this seat early.
No, I didn't mean to step in your shoes and yes, I brought the pop corn from home.
-
Don't you give me no, "excuse me, mam, I didn't mean to" BS.
Jst watch where your hands go buddy if you don't want a bloody nose.
........Thats not my hand, I make no excuse.
good to see you Muir. miss your avatar when you aren't around
On Air! Get the pop corn ready(for choking on)
I like to see the CNBC folks scratch their head every time its brought up that this has never happened before.
Then there is a look that shows they are just dead inside. Much like strippers.
ok, lottery ticket time. Bought 100 apr37 calls on TBT at .09.
Wish me luck
punched out a .10, lost about 5 bucks after the vig.
Silver up past $47.00
my tip is banks to invest FDIC protected cash into treasuery,
Cannot believe I am going to miss class to watch this...
The dollar is on its last legs, we are very near the tipping point into a Great Depression worse than the last one.
Might as well witness history.
The Bernank will eat his words.
Millions of lives world-wide hang in the balance
Cannot believe anyone seriously considers "missing class" missing something of value.
School is even more of a game than the markets.
agreed, higher education is a bubble. Today's college degree is yesterday's High School diploma.
I am here crossing my fingers hoping the chairsatan is asked about the price of Gold/Silver.
Want to see that lip do its quiver dance
Same here. Wonder whether that's part of his "reality." The "you people" comment confirms he's in his own little world.
This will work for you: take courses that appear worthwhile, but insiders recognize are "easy As." Hint: follow the athletes into these. Mix these liberally with the minimum of credible courses from your major. Great grades are thus readily achieved, you'll have plenty of time for alcohol or other extracurriculars, and you'll open the door into any post-grad or job situation you wish.
My high school class was watching till I posted this reply. The students have noticed the nervousness.
Mr Hilsenrath(WSJ): Mr Bernanke, your look of a bald dome, chestnut brown side hair and white beard is ,like , so cool.
Mr Bernanke: Yes Jon, Janet really digs it.
Economy remains weak,considerable time,vigilant,rates to remain low,inflation is low,QE will resume if the economic circumstances deteriorate,POMO to manipulate the curve.
Hows that for word cloud from the upcoming farce,
The Matrix : "we are now going to prohibit the sale of gold and silver, and while we institute these new monetary policies, please pay close attention to the space shuttle launch and royal wedding distraction we have orchestrated, and oh by the by, if you have not been brought up to speed concerning the precedence set by Arizona state legislation with regard to Miranda Rights, everything you say and do WILL be recorded and used to fuck you in the ass." http://www.azleg.gov//FormatDocument.asp?inDoc=/legtext/50leg/1r/bills/s... I bring this up because over the next few days, I want you to pay special attention to our story about gun controls as they relate to Rep. Gabrielle Giffords shooting on the day before this bill SB1061 was passed, and never mind that the judge that was shot on that same day in Jan. earlier this year also opposed the bill. all in all, just do what we say, live and act as we tell you to act, and don't question the BERNANKE with any questions of real substance.
http://www.youtube.com/watch?v=lGOBqo68IpE
is it just me or does the Chairsatan look jittery?
He always does. Maybe he just deals with stage fright.
All I'm saying is that he could at once sound shaky and at the same time posess 100% confidence in his own beliefs.
Sounds nervous as hell....This is going to be a train wreck !!!!!!!!!!!!!
i agree. i am shocked how nervous he sounds.
not good.
It has been a long, steep slide from the words of Adam Smith to the words of Leon Trotsky: “Where the sole employer is the State, opposition means death by slow starvation. The old principle: who does not work shall not eat, has been replaced with a new one: who does not obey shall not eat.”.
From the fruits of a free enterprise supply and demand economy that created the greatest economic miracle on earth, we arrive at today’s message from the representative of the would-be world rulers.
I see the terrorist now! It's the Chairsatan, "Bubbles" Bernanke!!
With all that printed money they couldn't buy this guy a teleprompter?
He needs to start using teleprompters.
Tyler put funny pop ups in his press conference like mtv used to do.
It would go viral and the next time bernanke speaks everyone in the world would tune in to ZHTV
Ben shit his pants.
I'm serious. Look at him.
He either shit or sharted badly.
He's a non-CONfident man.
# of viewers is going to take out the dow...maybe even all time.
CNBC staffers have been winding up to this event today like it was a 10 minute countdown to Nasca... yet we all know Bernank will be as informative as a dead duck
He's just kicked off with a stream of broad meaningless generalisations, trigger words to hed fuk anyone gullible enough to believing he's doing good for the wider economy, when in fact all he does all day is buy up shitty debt from Wall Street and Washington bailing out his insolvent parasites bum chums
A short chubby crone from The Parasite Club holds a press conference... what are we supposed to learn from this beats me!
We await CNBC staffers turn Benny dross into something entertaining and the seismic event they were guffing about. Meanwhile Ric Santelli asked the only hard question on display today, "get some pensioners in the room to ask Bernanke why he's ruining their savings?" ...nice one Ricky, a slice of reality in a room full of starry eyed retards
Lol, inflation remains subdued.Inflation should decline. LOL.
Bernanke must really be smoking some really high level crack.
Blah oh blah oh blah oh blah.....repeat ad infinitum
12,657 viewers
and zero hedge
is not even serving pie ....
Why does he always sound like he is on the verge of a nervous breakdown?
Nervous?....... Llying under oath?.....No sweat.
THIS committee considers the FED to be 'transitory'.
He just said it boys. Fed doesnt see inflation. QE3 by August.
Buy PMs.
BTW, people OBVIOUSLY got these and FOMC remarks at about 11:30 this morning.
Check all relevant indexes. Game will not change. Dont play (or know their moves.) There is an inside and an outside. Only safe way to be an outsider is in real assets.
Inflation. Fleece. Inflation. Fleece. Inside information. Fleece.
Buy PMs.
Seriously folks. This might be the easiest "trading" opportunity of our lifetimes. Read ZH for REAL-TIME actionable info updates and be long and strong PMs. We know these people are serial thinkers, so profit from it. The more people who take the other side of Bernanke's madness, the faster this BS system will change.
Yep. The endgame looks like hyperinflation.
Bernank, When will you restore the value of the US dollar back to what it was?
he's answered that one already... the Dollars knocking on the lid to the sewer at record lows and Benny still says the world rates the "status of the Dollar" ....you can't get any more delusional than a Govt crone who's never stepped out of his ivory tower since his assigned career path from his ivy league school
Do we get fluffer questions or stumpers ? The questions are not supposed to be canned but we will see.
I say the media has been warned ...........
I cannot believe how nervous he sounds, almost on the verge of crying.
Here's what this moron doesn't understand: his so-called mandates and metrics he looks at only show a portion (a very subjective one) of the overall health of an economy. These have nothing to do with unemployment and the whole 'price stability' thing is a carte blanche attack on the middle and lower classes who are currently suffering as a result of previous and current policies. In the vain pursuit of so called price stability, the imbalances within the world and domestic economy continue to grow bigger. Price stability is a joke concept-- prices move based on many exterior factors and to try to control prices through supply of money or other Keynesian/supply side efforts only work to benefit the few at the cost of many-- in other words, affordablility or in this case purchasing power is relative and so this centrally planned effort is no better than social class genocide at its finest with no real benefit to the overall real economy.
It hasn't worked before and it sure has hell ain't going to work now. We must remove the economy of its cancer i.e. the federal reserve and ill-informed unethical policymakers.
oh no Benny knows what shit state the economy is in, otherwise he wouldn't have rolled out the QE pumps and wouldn't be knowingly fabricating unemployment, employment and inflation statistics ...why else do you think he's almost no hair left?
He sure has some shifty eyes.
"Would you buy a used car from this man ?"
He is pulling numbers completely out of thin air. The numbers have no basis in reality.
Inflation? GDP growth? Unemployment? wow.
Oh and commodity prices are rising because of "geopolitical instability and rising demand, among other factors". Wonder what those other factors are?
Wanted to puke when I saw Steve LIES(wo)man
My computer just shut down on me trying to play the streaming video of this stupid bearded fucktarde. How he says this stuff with a straight face is beyond me. Oh well , hes making gold and silver rally , so party on Ben.
No matter what this idiot says it's all a slow and 'orderly' form of default and in the meantime many unknowing victims will lose any hope or prospects for prosperity unless we take charge and control of our own economic destiny-- remove the facade and illusion that these asshole policymakers care about you in any way-- to them you're just another number in the game of ponzi.
Here are the first of the submitted 2 day in advance 'questions' that the Bernank will now hit out of the park (does he have crib notes, too?).
Commodity Prices = Geo-political factors + robust global growth
The chairsatan is channeling More Critical Thinking Wanted the fuckhead (aka David Gilmore).
Benny's sounds so nervous he comes across as if he is yodelling his answers,come on man get a grip,just lie straight!!!
So inflation on what we buy is OK, but not what we make. Their madate is for us to become poorer and poorer.
WTF is accommodative policy? Help me out here.
bend over you short chubby crone and do whatever we (Wall Street and Washington) want
question 1:
we want you to spend more on defense.
we want you to accept toilet paper dollar and bump up exports.
we want you to build more worthless homes to overglut the supply even more.
not listening to me, he who owns and control life, will result in its extermination.
He sounds nervous as fuck
Maybe he has a fucking sniper on him if he goes off the reservation....
First question elicited his response saying weather had an effect---HaHaHa
Dual mandate..... Lock him in a room with Barney Frank until the dollar rallies.
question 1:
we want you to spend more on defense.
we want you to accept toilet paper dollar and bump up exports.
we want you to build more worthless homes to overglut the supply even more.
not listening to me, he who owns and control life, will result in its extermination.
question 1:
we want you to spend more on defense.
we want you to accept toilet paper dollar and bump up exports.
we want you to build more worthless homes to overglut the supply even more.
not listening to me, he who owns and control life, will result in its extermination.
Liesman sucks-up to Ben.
Steve Liesman just messed himself.
he's been wetting himself every day on the lead up actually ...he simply cannot get over asking the Chairman God a soft patsy question live on TV ....you can almost cut the saliva in Liesmans mouth with a knife (let's not picture his pants!)
Oh jesus,LiesMan!!!Pass the sickbag.
Bernanke should be making this press conference in an orange jump suit with handuffs.
Time to go on the offensive and call these people out for what they really are.
Ready to come out of your coma? GOOD PLEASE READ THIS;
http://www.zerohedge.com/print/365866
hahaha steve liesman in there with some butt kissing and a nice little blowback from benny. how cute.
Glad to see that Bernanke is on a first-name basis with Steve LIESman...
"lower defense spending"
huh?
visibly shaking even with pre planned fluff questions.
"Thanks, Steve."
Ben and Liesman. First-name basis.
Need we know more ?
It's like watching Hitler surrounded by his supporters-- is anyone really buying the fact that these asshole reporters are asking real questions?
I think Liesman just wet himself at the opportunity to ask Benocide a lolly pop of a question.
Have another lunch, LIESman. And another ginormous piece of pie and cake. I'm sure there are leftovers.
Hey, everyone, Bernank said he is not responsible for the falling USD, and that it's Timmay's fault!
I just want to know what he does to get rid of the ink stains. That shit's a bitch to get out.
Leismann and Ben are bum chumps
DOUCHEBAG!
Liesman had to kiss ass to start...unreal!
At least he asked a tough question...