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Ruminations on the Fed, the Dollar, ZIRP, QE and Math vs Magic - Hey, Even Harry Potter Has Problems...
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Dr. Benjamin Shalom Bernanke, AKA Dr. FrankenFinance, Has ...
Welcome to the World of Dr. FrankenFinance!
Here's proof, pulled off of the St. Loius Fed's site, and espoused in front of the actual entrance to the NY Fed.
Bernanke's Lying Through His Teeth and Not A Single Pundit/Analyst/Banker Has Called Him On It!!!
Much Of The Developed World Prints Today, But Where's The Wealth? Real Value Of Risk Assets Continue To Plunge!
Yesterday, I posted The Difference Between Money and Wealth and Why You Can Easily Print One But Must Actually Create The Other, and as if on cue, global inkjet nozzles 'round the world started whizzing - to wit:
- ECB Cuts Rate to Record Low of 0.75%, Deposit to Zero and Bank of England Prints Money Again to Boost Economy
- China Cuts Rates for Second Time in Month and China Set to Post Worst Growth Since 2008 Crisis
- BOE Restarts QE Amid Euro Crisis
Reggie Middleton on banking problemsReggie Middleton on banking problems
Those damn rating agencies...
Of course, we all know how reliable and timely the rating agencies are, right? See Rating Agencies vs Reggie Middleton, Part 3 and the Interesting Documentary on the Power of Rating Agencies, with Reggie Middleton Excerpts
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Reggie, Reggie, don;t you know that Mitt has answers to all the problems???
He is just like Nixon in 1968," I have a way to end the war but can't tell you what it is". We all know now that the way to end the war was to start bombing with B-52's in the North, with Kissinger pushing for a nuke strike on the north. !
Mitt has the smae kind of solution he just can;t tell you what is it is!
Nixon started bombing the crap out of Cambodia in '73 - leading to THAT country's collapse and fall to the Khmer Rouge - and another few million dead.....
We're hip deep in the swamp now - I have a feeling Romney's 'solution' will leave us neck deep. TPTB should be happy Obama got elected. He provides the ILLUSION of hope while giving the banks and Wall Street a free pass.... If McCain got in we'd have had real rioting in the streets instead of a squashed OWS. Things have not gotten better under Obama because ther ewere NO fundamental changes in ANYTHING, NO accountability for anything. But put Romney in and they'll get worse real fast. He plans on increasing Pentagon spending because the military is going to be necessary to quell the riots
They bombed the crap out of Cambodia so that it looked like the lunar surface so that they could then fake the lunar landings.
I was beginning to think that Romney was trying to throw the election because he realised nobody can clean up after the last 4 years of Obama, etc., but then he goes and wins this debate thingy ... or at least that's what they say. Could it be that O and his posse are even more desperate to get out of dodge?
Never let a flawed timeline stand in the way of a good conspiracy theory.
The money created for the baby boom generation cannot move to the next generation in tact or we will have a non-productive workforce. They will never let that happen. The money will be destroyed first!!!!!
Reggie, there is a buzz going round the NEt fed by Anonymous group that the US dollar is on the point of tanking. What is your take on this?
When are those REITs going to collapse, Reggie?
When is that CRE meltdown happening?
When is the IYR going to go down?
Didn't you see the latest CNBS rapportage ??? The Cheesecake factory and other restaurants are arriving to the resccue of CRE.
Wait ... I thought people were cutting back on eating out so they could pay for their new and improved data plans for their new and improved iToys.
ELECTION RALLY WARNING.
Stocks are being dragged up by yet more USD selling.
Price action today looks like the previously mentioned SPX Election Rally, but without the pullback I wanted beforehand.
Therefore the postponed correction when it happens, will be WORSE.
http://www.zerohedge.com/news/2012-12-24/market-analysis
http://trader618.com
Reggie-What's up with "PEI"?
Thanks
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