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They missed one:
9am Gold and Silver get whacked.
Load Up Bitchez!
spot on! now reached 45, load up time.
Can anyone let me know the option expiry price is based on price at what time? Thanks! Interested to see the price movement before that period.
Q: Mr. Bernank did you have any involvement in the prosecution of Mr. NotHaus for manufacturing 1 ounce silver rounds?
Ben Bernanke: (Looks down at Podium): "No, I did not.".
FWIW: Benanke is a poor liar. When he lies, he looks down or away from the person when answering question. Although I doubt Ben had anything to do with Mr Nothaus.
QE2 might be ending, but we won't see the end of debt monertization. either QE2-lite, or some other devious plan to hide Fed debt monertization.
The Next few week are absolutely crucial for America, perhaps more than the past 235 years. First is Ben's press conference, second is the Debt ceiling limit. I am absolutely sure Congress will raise the debt ceiling, but it will be the discussion and language used. This should prove good indications on how fast the dollar declines.
I have a feeling the Bernanke doesn't have to look down to lie, that he could lie looking someone straight in the eye.
Well, Bernanke will certainly give hints in a convoluted way about the FED's future policies.
Expecting dovishness due to high unemployment is idiocy. Unemployment is going to be permanently high in the USA and it's going to get higher -- unless someone figures out a way to compete with skilled (yes, skilled) workers who work for $10 a day.
Last time I checked, a significant portion of relatively insightful minds are still sucked into "the myth of the free lunch trade" aka law school. Graduate program in hard science with a majority of US citizens is becoming a rarity.
Engineering is cyclical. The only field I agree with you is of course IT.
I work with a guy with a PhD in genetics, he can't find any meaningful work in his field. You can study all the "hard science" you want, you still won't get a job because there is such a glut of those people. Or, you can get a job, it jus doesn't pay enough to support a family on. Law school is even worse, as you pointed out. IT is the last one standing, and how long will that continue?
Fed funds futures indicate a 20% chance of a rate hike by yearend, down from 33% last week. Any less than uber-dovish comments could raise that, putting pressure on assets with negative carry. Double your fun if currently high inflation expectations ease somewhat.
Q Dr Bernanke @ FOMC:
"You can't handle the truth"
Reply from the audience:
"Do we still use hemp fibre to make rope with?"
Hang the biatch I say get this crap over with. Failure after failure and the hand jobs with the MOFOS must stop . Hang everyone of them
Ben Bernanke is a liar
-we wont monetize the federal debt
-sub-prime is contained
-we are not printing money
-inflation is low
etc, etc, etc
FED Reserve will not monetize the debt is what he is saying. WTF, hang the bastards
I just hope someone, anyone, a patriot calls this asshole out.
Listen and watch this
2011-02-03 Food Riots.mp4
Most important take-away (anyone brave enough to fade it?) "We see no chance of an expansion of the program at this time, as the political backlash following the announcement of “QE2” was significant, and no one on the FOMC has publicly made the case for an expansion."
"ca. 2:25pm – Question and answer session begins. This is a live session with journalists, who are likely to be well prepared with probing questions. The questions have not been submitted to the Fed in advance."
Surely news-hacks should be there to "report" not to question??
Shouldn't the questioning be done by leading economists, well known financiers, FOFOA and other relevant persons of note, rather than some "random" news hacks from the MsM!?
Ben will borrow the Teleprompter from the idiot in the WH.
Ron Paul should question Ben and that should be the end of it. Screw the fucking reporters.
This whole event is ECB format: usually the fully-vetted top eco journalists from the MSM are there to ask what seems to be tough questions, but the questions are not so tough, since they share the same assumptions as the person they are questioning. Somehow, it always ends up being kind of like an academic Q&A after a Professorial lecture, with half the questions pointless, or just off track. I am sure Ron Paul or anyone with opinions remotely similar to Tyler Durden will not be there. The Inflationary Super-Cycle guys will not be there as well... Algos will control any sell-off... everything will seem fine ... as the Fed wants it. No rioting in the street, nobody threatening BB, nothing ugly or awkward. Just a gentle reinforcement of the ruling ideology.
Unless of course a full-blown QE 3 is announced.
If he starts off with a Fart, Leap and a loud Whistle he might get my attention.
Many words will be spoken, but nothing will be said.
An Orellian flavor to this whole thing. Do we need to bow down to the masters?
David Stockman: “Crony Capitalism” Has Killed the Free Market and Democracy
An Orwellian flavor to this whole thing. Do we need to bow down to the masters?
I have updated DJIA price forecast to include positive ( short term) and negative ( deeper crash) effects of QE2:
Its coming, and very soon. Look in the link, there is a chart with dates and prices. Normal in a way after first rebound after crisis ( see 1929, of course, this time is different, it will not be as deep, but deep it will be) .
So the question to Ben will be : Will next recession begin in one year? Have you taken reduced growth into account while playing with increasing emplyoment?
Bernanke= 1 liar
Goldman = 1 liar
So what can one conclude?
Everyone is waiting to see which word from his last statement will change.
BENNIE IS A ROCK START BITCHEZ!
Chairman of the Central Committee. So much for Congress and the President. The Republic is dead.
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