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Stocks Dangle At The Bernanke-Draghi Cliff's Edge (Again)
Presented with little comment - but we are here once again. Who will play Sylvester Stallone in this Cliffhanger?
and this... "You're not gonna fall..."
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TIMBER !!!!
the crankaholic casino crack addicts, are realizing that the RAPIST of the middle class: QEorganizer PRINT BABY PRINT is OUT THE DOOR !!! = no mo QE RAPES for the middle class to "save" the FAT CATS !!
ROFLMAO !!
You do realize that, if Romney wins as you suggest, Bernanke is in play until early 2014. After that, it'll just be a Bernanke clone.
Nothing is going to change.
You're sure Romney would keep Ben in control that long? I'd allow a few weeks for transition but not a whole year.
Wait, is this really it? Is it? The moment ZH has been waiting for? Or... no... but, then... maybe... oh but, then again....
Isn't it about time to get Timmy Geithner on TV to assuage market fears?
You forgot False Flag
No I think he really is gay...
Yes, because Charles Evans is going to be infinitely better than Ben Bernanke!
Ben's term as Chairman doesn't end till Jan 31, 2014.
Ben's term on the Board is not up till 2020.
His replacement will need to be confirmed by the Senate. I do not believe there is any method of removing the sitting Fed Chair before his term expires. I could be wrong there though.
"As stipulated by the Banking Act of 1935, the President appoints the seven members of the Board of Governors of the Federal Reserve System; they must then be confirmed by the Senate and serve for 14 years.[2] Once appointed, Governors may not be removed from office for their policy opinions. The chairman and vice-chairman are chosen by the President from among the sitting Governors for four-year terms; these appointments are also subject to Senate confirmation."
Fiscal cliff will be approached before Ben's term is up then. Regardless of who wins Nov. 6th.
Neither candidate has addressed the issue. What else is new? Nothing else matters, really.
Nope and the continual beating of the partisan drums by the mouth breathers is distraction.
Right, at this point the discussion should be "how do we keep the lights on in this bitch". Using the corporate analogy (since that's what we functionally are), I'm going to take a wild guess and say that the owners are discussing how to survive a few more quarters of ongoing operations in order to extract the last remaining bits of wealth prior to shutting this motherfucker of a country down. WWIII for one last spectacular light show prior to the reset.
Good summary.
Pretend you are an elite and think what would you like to see happen? Your scenario is exactly what they would like. It takes care of both of their main concerns: 1) getting richer, and 2) doing away with the rabble.
Threaten the shareholders of the Federal Reserve and they will remove the Chairman...
then maybe we should just get rid of the whole thing... oh, wait... didn't I hear that from someone for whom I would've voted?!
I sure miss Ron...
I think you have the decider and decidee confused.
MANBERNKRUG!
Must be a really slow newscycle at ZH today.....
Tomorrow will be a big day for everyone.
If you look at the market, we lost all gains since Sept 1st. By big day, I don't think its good.... Oct 23rd.
Romney may have to keep Bernanke until 2014 but you can bet there will be a closed door meeting between the two. If in fact Bernanke is doing his own thing and the president is trying to solve the debt problem or unemployment and the Fed agenda is counter productive then why would any president allow that to continue?
The president does have other Fed governors that he can appoint and back who will put a foot in the door Bernanke has open. That doesn't mean Bernanke can't defy them all. We'll see how this plays out. I for one can't see how the Fed can keep up the QE infinity band wagon if indeed Romney opposes it.
There would be a coming to a butting of heads on this issue if Romney is elected. Personally, I think Romney understands that the current Fed policy is destructive to our country just as are the US spending deficits.
first of all, you falsly assume that romney is going to try to solve the debt problem.
I don't assume anything because I can't afford to. I can only go on what Romney and Ryan say publicly. If it is indeed still solvable it will be by growing the economy and cutting the size of Federal government. Getting the Congress to follow that view has and always will be a problem.
However, if Bernanke opposes that he will be told to kindly resign or they will make his life miserable.
"I think Romney understands that the current Fed policy is destructive to our country just as are the US spending deficits."
Again, you're confusing "understanding" with "doing the right thing about it".
"I don't assume anything because I can't afford to. I can only go on what Romney and Ryan say publicly."
So, you're assuming Romney/Ryan's words as "what they'll do", even though they haven't actually said specifically what they'll do, and knowing full well that politicians lie, consistently and repeatedly, since... the beginning of human governance.
Please join the rest of us who understand that the parties are two wings of the same bird, get yourself some physical gold and stockpiled sustenance/protection mechanisms, and a shitload of popcorn, because this is all going to get very interesting in short order, and you sure as fuck don't want to be caught up in it if you can help it.
The only thing that will change the status quo is inflation. Once it gets out of control the FED will be the only bid for bonds. Prices will collapse.
Or better, another puppet/stooge of the major banks that own the Fed will be put in place. We are all aware that the banks own the Fed - that the likes of Dimon and Blankfein are Ben's bosses - right?
"The few who understand the system, will either be so interested from its profits or so dependent on it for favors, that there will be no opposition from that class." Rothschild Brothers of London, 1863
does anyone get the idea that the PM suppression game is affecting the viability of the stock levitation act. Is it begginging to drap things down?
perhaps they will have to let PMs free(ish) in order to get those stocks higher... and then they will realise that that doesnt work either HA!
Run Forrest, RUN!
I don't know about you guys, but I've installed a seat belt on my desk chair and big red "sell" button that I can hit if partially incapacitated by G-forces.
Of course, my whole operation is on a boat with a dozen bowling balls for ballast.
that's precisely how i imagined Timothy Geithner does policy over at the US Treasury
The 10year is up 3bps and risk FX is 150 pips above the market sell off 2 weeks ago? Something fishy going on here.
They slammed trading curbs on as soon as SPY broke 1425. Market froze for about 45 minutes only to open with a pop back up above the 1425 level. It was fun to watch on level II. This market...This country, is a FAWKIN JOKE!!!
She looks like Pelosi. If only.
So the fuck what?
All this drama shit is loosing me. Tired of being called a racist for not being supportive of somebody's literally undefined and unexplained economic, social or political agenda which has naught to do with race color or creed, tired of the lies and coverups from politicians all over the globe on every topic imaginable, tired of the mismanagement of the whole bloody world by the incompetents in power, just plain tired of the charades and BS Deluxe.
It's bloody broke and nobody's even talking about the problems, just the symptoms.
Our leaders are acting like spoiled petulant children in the face of serious issues... life and death issues.
Just have over with it, already.
Financial stuff means absolutely nothing anymore, and if you (not you, knuk) think it means anything, you're a fucking retard.
Couldn't agree more man - the charade has gone from boring to annoying.
Knuckles, you're making a critical policy mistake, taking politicians seriously
Its even worse than that knukles...
it IS the agenda....with whats going on in the world.
.
Its one thing *if* it was bad planning, bad votes, bad elections,
bad choices, bad design, bad ideas...etc...but its not.
Thats the brilliance of the damn scheme...it looks like its all of the above - and unfathomable to think anything else (i.e conspiracy)
But alas, 'the incompetents' - are not incompentent at all - they are serving their illuminati masters very well.
.
Our whole life is one big fuckin manipulated, perverted LIE - on purpose.
.
The end.
Otis, plug it in:
http://www.youtube.com/watch?v=PNInI3XsRNQ&feature=related
FOMC minutes to go, coming right up....
Both a-holes need to be subject to Citizen's arrest and jailed.
Today's decline looks alot more destructive than it actually is. There are alot of fishy things going on today which support a rally off of 1420 this week.
Once upon a time a person could view this chart and make some rudimentary but useful observations - such as all existing longs established after early september are at break even or worse. But with the bots in charge and the vol supresion machines still in working order drawing sensible conclusions from observations is.......problematic. A bounce off 1420? quite possible, after the event it would look pretty obvious, but for now I preffer to stay short and see if a proper decline can get going. The risk reward looks better...for now!
3rd time is the charm.
In his movie debut the Italion Stallion fucked a lot of people. Does that explain your choice??
Here comes that fucktard Brian Williams with the CNBS Pump and Dump.
I know, can you believe it?
"Why things are better than the naysayers say they are!"
What a crock of shit.
He probably wants to keep that job, what with the rent in his neck of the woods.
Producer demanded obedience; anyone at CNBC who doesn't tow the "Wall Street is great" line is out.
Jeff Macke, Dylan Ratigan, etc., etc., etc. Pump the markets or you are GONE.
If Rick Santelli weren't at the Chicago desk covering bonds he would be out.
I vote Wile E. Coyote!
http://iheartwallstreet.com/wp-content/uploads/2010/05/wile_e_coyote_gravity.jpg
The Angle of the Dangle is directly proportional to the Booty of the QE!
Thats fucking brilliant. +3
Nothin a few truck loads of printer cartridges won't fix.
i thought stocks go up on debate days?
well wudayouknow, they DO go up on debate days
Obama wins, OE to infinity, commodity prices and deficits soar upwards. Much of the the same. Serving up more Obamacare, more free cell phones, section 8s, food stamps and welfare.
Stawks are hawt. WTF 4EVR WINNING FTW!
Stocks may be dangling at a cliff, but the volume in commodity contracts is going through the roof. Far higher than the insane levels of last year.
HFT Algos have completely taken over natural gas and other commodity trading and turned futures into nothing more than a momo stock hoping to trade at 200X its actual value.
I pray for a flash crash in commodity prices so next year may not be as bad as it seems it will.
Today's sell off is worse than it appears with 33 Liberty and the primary stealers trying to hold 13,300 initially and now 13,250 on the 25th anniversary of the crash. Looks like they'll end up settling for 13,200 on the day. Guarantee that follow through tomorrow will take the dow down...say another 100 (that will be deemed "orderly".
This is the first time I recall stocks slithering over the edge of the cliff.
These sick central planners are fighting tooth and nail trying to keep SPY above the 1425 level.
In the last hour, where does the enthusiasm derive?
According to the hard left, the socialists, the Marxists and the Kommies, central planning has never failed; it just needs more time to reach its potential. Rockhead Benny, Draghi and The Dictator could summit Olympus Mons (on Mars) with their fiscal-cliff killing paraphernalia. They would be led by Gabe, who can hang with the best.
Nice to see the PPT continues their work at 3:10 pm. GO Central State as Soviet powers morphed into USofA