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FOMC Does Exactly What Market Told It To Do

Tyler Durden's picture


Just as consensus demanded expected, the FOMC transformed sterilized 'Twist' into unsterilized QE4 in addition to QE3's MBS buying and lowered economic forecasts - dropping calendar-based rate guidance unchanged with a shift to "Evans-Rule"-like threshold-based guidance. High inflation, forget it; 'lower' unemployment, naah; market wants 'moar' so market gets 'moar'. $4 Trillion balance sheet here we come (check to Draghi's OMT and Spain or EUR 'richness' crushes hopes of recovery).


Disappointingly for AAPL investors, there was no explicit decision to monetize mini-iPads (or their own subsidized student loan debt in the ultimate reacharound).

Pre- And Post- Levels (post = 15 mins after news) - small moves in general



Redline comparison with October statement:


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Wed, 12/12/2012 - 13:34 | 3056330 SoNH80
SoNH80's picture

Charge it!



Wed, 12/12/2012 - 13:34 | 3056340 Transformer
Transformer's picture

Here we go!!

Wed, 12/12/2012 - 13:38 | 3056366 camaro68ss
camaro68ss's picture

by my calculations and based on 1/2 lifes. QE12 will start around July 15th 2013. QE13 will then start on july 16th 2013. We got 7 months

Wed, 12/12/2012 - 13:42 | 3056373 fuu
fuu's picture

$32,473.21 per second...FOREVAR!

Wed, 12/12/2012 - 13:44 | 3056407 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is not remember for QE, one day is wake up and bank account balance is double. QE2, is double again. QE3, QE4, is wake up for bank account double. No, wait, is dream only, but dollar (or ruble) is now 1/8 value. Next life, Boris is born a Rothschild, tired of life as serf.

Wed, 12/12/2012 - 13:49 | 3056429 TruthInSunshine
TruthInSunshine's picture

 Even in "sovereign" Russia, Rothschild owns Putin!

Wed, 12/12/2012 - 13:55 | 3056463 kahunabear
kahunabear's picture

When do the huge Charles Evans statues and images go up in the public squares?

Wed, 12/12/2012 - 14:27 | 3056466 fuu
fuu's picture

Kitco we have liftoff. Err umm.

Wed, 12/12/2012 - 14:28 | 3056616 icanhasbailout
icanhasbailout's picture

Inflation at 2.5%, eh?


My benchmark 99 cent box of pasta from two years ago is now at $1.65.


As there's been no particular shortage of that product relative to any other, I'd say actual inflation is already running at near 30% y/y.



Wed, 12/12/2012 - 15:56 | 3056716 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is benchmark by dilution of basic commodity like Vodka.

2005, Vodka to Ethylene Glycol 10%

2007 - 25%

2009 - 55%

...Today, Boris is just drink Ethylene Glycol.

Wed, 12/12/2012 - 15:01 | 3056749 The trend is yo...
The trend is your friend's picture

Have you adjusted the numbers for the reduced quantity in the box?  Food Inflation is probably running higher

Wed, 12/12/2012 - 16:20 | 3057105 icanhasbailout
icanhasbailout's picture

The box is still 1 lb. of pasta.

Wed, 12/12/2012 - 16:27 | 3057123 GolfHatesMe
GolfHatesMe's picture

No it isn't, neither is coffee nor ice cream  time for Tiny utensils

Wed, 12/12/2012 - 16:42 | 3057172 Esso
Esso's picture

A pound of smoked sausage went from 16 to 14 to 9 ounces double-quick.

Wed, 12/12/2012 - 16:54 | 3057225 TruthInSunshine
TruthInSunshine's picture

lmao...Kindergarten classes being taught the "new math" as we speak, across the country

"1 pound equals 12 ounces."

Wed, 12/12/2012 - 17:09 | 3057280 icanhasbailout
icanhasbailout's picture

I'm Italian enough that they couldn't reduce the amount of pasta in a box without me noticing. I've been attentive to changes in product sizes; the great thing about the pasta benchmark is that the product size has not changed, which is why it reveals a level of inflation obscured by product size changes in other products.

And yes, I've noticed that the tricolore pasta is indeed down to 12 oz. but that's not my benchmark.

Wed, 12/12/2012 - 15:41 | 3056920 YuropeanImbecille
YuropeanImbecille's picture

What are the gooks saying about this? What will they do with their 3 Trillion joobux?

Wed, 12/12/2012 - 13:51 | 3056441 EscapeKey
EscapeKey's picture

It's a little known fact that the Fed can print unlimited amounts of money and it has no repercussions whatsoever. That's what the history of John Law taught us. - Cliff 'Bernanke' Clavin

Wed, 12/12/2012 - 13:54 | 3056459 Caviar Emptor
Caviar Emptor's picture

Love the Cheers reference. I agree that there are no repercussions to uninhibited money printing, growing, harvesting and chopper-dropping. It  stimulates hardons and kindles the inner yuppie in all of us.

Wed, 12/12/2012 - 18:48 | 3057623 hannah
hannah's picture

didnt work out too well for woodie when him and sam invested with the rich guys...

Wed, 12/12/2012 - 23:31 | 3058306 eatapeach
eatapeach's picture

I'll have a Screaming Viking, please

Wed, 12/12/2012 - 13:57 | 3056471 Beam Me Up Scotty
Beam Me Up Scotty's picture

Boris, pass the Wadka please.

Wed, 12/12/2012 - 14:03 | 3056513 CrashisOptimistic
CrashisOptimistic's picture

The only astonishing thing about all of this is that people walk around pretending everything is fine and this is all normal.

Wed, 12/12/2012 - 14:13 | 3056553 EscapeKey
EscapeKey's picture

The vast amount of people out there want to swallow the blue pill.

Wed, 12/12/2012 - 14:26 | 3056610 odatruf
odatruf's picture

Exactly. Even if you gave them a placebo, they'd pretend to have taken a blue one in hopes of faking it 'till they make it.


Wed, 12/12/2012 - 15:08 | 3056777 Luckhasit
Luckhasit's picture

"If i don't know about it, then it can't hurt me."

Wed, 12/12/2012 - 14:47 | 3056691 JPM Hater001
JPM Hater001's picture

We got seven month "Sir".  I'm sure you didnt mean to disrespect the Powers That be.

Wed, 12/12/2012 - 13:40 | 3056379 eclectic syncretist
eclectic syncretist's picture

First we print the money that belongs to you, then we loan it to you at interest.  The best part it, we made it all legal.

- B.S. Bernanke

Wed, 12/12/2012 - 13:44 | 3056408 rqb1
rqb1's picture

Well said, I remember when I first understood that statement.  Great business they got there.

Wed, 12/12/2012 - 13:56 | 3056464 camaro68ss
camaro68ss's picture

a 30% increse in printing from there last Announcement in September and the markets didnt even bat an eye. We are so F***ed

Wed, 12/12/2012 - 14:27 | 3056614 odatruf
odatruf's picture

If they were actual markets, they would have trembled. That they didn't is simply more proof of their corruption.  As if any were needed...

Wed, 12/12/2012 - 14:45 | 3056682 JPM Hater001
JPM Hater001's picture

This is just stupid.

Get it over with already.

Wed, 12/12/2012 - 14:52 | 3056708 JPM Hater001
JPM Hater001's picture

If you arent familiar go watch the smoke filled room study.

In short,

Test One:One Female-Sitting in chair filling out a Survey-smoke comes under far door.  Out in less than 30 seconds.

Test Two: 7 or 8 Confederates and 1 Female- Sitting in Chairs all filling out surveys- Cue smoke under far door.  No one said anything and the lady didnt leave for over 20 minutes.  I gotta think we're close to that threshold.

Wed, 12/12/2012 - 14:57 | 3056735 XitSam
XitSam's picture

I've seen similar studies where the other people assured the test subject that everything was fine and not to worry. Test subject believed them.

Wed, 12/12/2012 - 13:51 | 3056450 EscapeKey
EscapeKey's picture

Meh, it was legal long before Bernanke existed.

Besides, he is nothing but a puppet in their little game.

Wed, 12/12/2012 - 14:05 | 3056520 ParkAveFlasher
ParkAveFlasher's picture

The USD is simply a license to trade with US corporations and citizens and traffic in American goods.

It is only license.  This is why its meaning is plastic - it is at once commodity, asset, liability, money, currency, etc.   It is all these things in latency, proxy, and shapelessness. 

Gold is not a "money substitute".  Instead, Fiat is a substitute for reality.

Wed, 12/12/2012 - 14:05 | 3056521 vast-dom
vast-dom's picture


Wed, 12/12/2012 - 14:53 | 3056719 JPM Hater001
JPM Hater001's picture

This time I actually mean it...

Tell me how you really feel.

Wed, 12/12/2012 - 13:36 | 3056352 slaughterer
slaughterer's picture

Quick, someone here tell me, how do we keep the unemployment numbers up?  

Wed, 12/12/2012 - 13:38 | 3056367 derek_vineyard
derek_vineyard's picture

if every country prints money...isn't it the country that prints the highest % going to be the one getting the worst inflation?

Wed, 12/12/2012 - 13:56 | 3056461 Caviar Emptor
Caviar Emptor's picture

Actually, the country with the fastest printing press will win because it becomes the richest country , Silly.

Wed, 12/12/2012 - 14:20 | 3056592 NaiLib
NaiLib's picture

FED...BOE...ECB...BOJ...PBOC...SNB... they're all printing more and more.

Wed, 12/12/2012 - 13:39 | 3056369 Quintus
Quintus's picture

Simply raise the Labor Participation Rate. 

Wed, 12/12/2012 - 13:49 | 3056435 TheSilverJournal
TheSilverJournal's picture

So, extend unemployment benefits and reopen unemployment benefits up to those who have already used up their unemployment?

Wed, 12/12/2012 - 13:56 | 3056467 CPL
CPL's picture



Like the last five extensions starting in 2008.

Wed, 12/12/2012 - 13:57 | 3056468 Caviar Emptor
Caviar Emptor's picture

Or hold a mandatory monthly jobs fair at the mall where EBT bonus cards get distributed

Wed, 12/12/2012 - 13:58 | 3056477 rubearish10
rubearish10's picture

Which also implies no spending cuts on UE benfeits since that would reduce the LPR too! What Fiscal Cliff?

Wed, 12/12/2012 - 14:04 | 3056514 HD
HD's picture

Unemployment above 6.5%?  HILARIOUS. They just gave themselves cover to print FOREVER...

Wed, 12/12/2012 - 13:39 | 3056370 TruthInSunshine
TruthInSunshine's picture

More accurate unemployment numbers will thus now be reported, while CPI will thus now be even more tortured.

Wed, 12/12/2012 - 13:43 | 3056402 SoNH80
SoNH80's picture

If they are off by 1% GDP deflator right now, we are in recession.  They are likely off by at least 2%.  We are in deep doo-doo, as George Herbert Walker Bush Walker Preston Bush IV would say.

Wed, 12/12/2012 - 13:58 | 3056474 twh99
twh99's picture

I have been saying this for awhile.  We are in a recession right now and have been for a few months.  Only the FEDS spilling money into the streets and keeping the stock market afloat has hidden it.

Wed, 12/12/2012 - 14:00 | 3056489 Caviar Emptor
Caviar Emptor's picture

Exactly. Officially for last quarter deflator equals GDP. IE: Economic contraction in real terms if Ben so much as drops a dollar on the walk over to JPM

Wed, 12/12/2012 - 14:07 | 3056527 HD
HD's picture

Pretty sure that was Jar Jar Binks.  Then again, it's hard to tell them apart so you might be right.

Wed, 12/12/2012 - 14:12 | 3056545 TruthInSunshine
TruthInSunshine's picture

The NEW DRINKING GAME phrase is Hedonic Quality Adjustment in the CPI or variations thereon.

Everyone will substitute Vienna Sausages in a tin for T-bones and learn to LOVE IT!

Wed, 12/12/2012 - 14:21 | 3056595 phalfa5
phalfa5's picture

or  spam

Wed, 12/12/2012 - 14:27 | 3056609 SoNH80
SoNH80's picture

Then, down to "Potted Meat Food Product"

Wed, 12/12/2012 - 15:21 | 3056849 Esso
Esso's picture

Yeah, I knew I shouldn't have clicked on that link, but I did it anyway.

Wed, 12/12/2012 - 13:47 | 3056425 TheSilverJournal
TheSilverJournal's picture

This is the best part - "inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored."

So it's not even the government's measure of inflation now that matters. Inflation could be running at 3% or even 4%, but as long as they say that they expect inflation to come down to at least 2.5% over the next year or two, then they're still within these guidelines.

Wed, 12/12/2012 - 13:54 | 3056460 EscapeKey
EscapeKey's picture

Inflation always is and has been a "transitory" issue. You can thank Mervyn King for that one.

Wed, 12/12/2012 - 14:03 | 3056505 Caviar Emptor
Caviar Emptor's picture

Whenever inflation will get a little hot, the real economy will deflate further and demand will drop. Biflationary theory

Wed, 12/12/2012 - 14:27 | 3056611 TheSilverJournal
TheSilverJournal's picture

When inflation gets a little hot, real Treasury yields become even more negative making Treasuries an even worse investment, causing a flow out of Treasuries and forcing even more printing in order to keep yields low, and therefore causing even more inflation, even greater negative real rates, even more pressure to escape Treasuries, and the need to print even more in order to keep yields low. Crackup boom theory.

Wed, 12/12/2012 - 14:20 | 3056577 phalfa5
phalfa5's picture

stop the "adjustments" from the B L S ....

 unemployment rate back up....    until the next general election when there will be >some< improvement

Wed, 12/12/2012 - 14:27 | 3056608 tickhound
tickhound's picture



"Quick, someone here tell me, how do we keep the unemployment numbers up?"

1.  Provide more "honest" employment #'s

2.  Squash some unions

3.  Outsource


5.  Provide incentives for banks (JPM) to benefit from welfare (EBT)

6.  Begin a media blitz to convince the public machines are gooooood.

7.  Can't wait to find out what #7 is....

Wed, 12/12/2012 - 13:37 | 3056364 smlbizman
smlbizman's picture

did anybody catch lies man say this morning that the fed will be printing money....

Wed, 12/12/2012 - 13:40 | 3056377 Alpo for Granny
Alpo for Granny's picture

I hope someone changed the toner and adjusted the belts on the Binford 9000XL.

Wed, 12/12/2012 - 13:58 | 3056476 pods
pods's picture

Need MOAR power!


Wed, 12/12/2012 - 13:50 | 3056438 Alpo for Granny
Alpo for Granny's picture

Whew..glad I listened to Goldman and sold off all my phyzz yesterday....















Wed, 12/12/2012 - 13:37 | 3056331 nope-1004
nope-1004's picture

Endgame right on course.  No turning back now.  Gold and silver "managed" during Fed release..... soooooo obvious.


Wed, 12/12/2012 - 13:41 | 3056390 Bubble
Bubble's picture

gold futures must go no higher than 1720 clearly the order

Wed, 12/12/2012 - 14:15 | 3056567 fockewulf190
fockewulf190's picture

All we gotta do now is ramp up that birth-death ratio so fucking high that we  end up with a 40% participation rate and our golden 6.5% unemployment goal will be reached.  Keep stacking for all your worth!

Wed, 12/12/2012 - 14:52 | 3056712 cougar_w
cougar_w's picture

End-game it is, and I did say they would print like mo'fo's.

I also said nobody would care.

We are seeing that latter play out now.

There are no brakes on this run-away train. It ends when it goes off the rails. Last car to the bottom of the ravine wins.

Wed, 12/12/2012 - 13:44 | 3056332 Conman
Conman's picture


Wed, 12/12/2012 - 13:34 | 3056333 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Gold, bitchez

Wed, 12/12/2012 - 13:41 | 3056387 tocointhephrase
tocointhephrase's picture


Wed, 12/12/2012 - 13:44 | 3056405 GolfHatesMe
GolfHatesMe's picture

Bitchez, Bitchez

Wed, 12/12/2012 - 15:05 | 3056756 XitSam
XitSam's picture

I can't figure out why no one has yet claimed the handle of "Bitchez".

Wed, 12/12/2012 - 13:34 | 3056334 asteroids
asteroids's picture

The "crisis" continues 4 years after the FED started with no end in sight. Now, they are outright monetizing the debt. What a pathetic failure QE has been.

Wed, 12/12/2012 - 13:59 | 3056487 pods
pods's picture

If you see QE as a failure, you are using the wrong assumptions.

(I wasn't the idiot who dinged you)


Wed, 12/12/2012 - 14:10 | 3056515 nope-1004
nope-1004's picture

Agree.  It's obvious that we have higher inflation than what the Fed will admit to, so isn't it safe to assume that they are lying about their unemployment mandate?  QE is the cover for worldwide theft - the Fed could give a shit about unemployment.  QE is an economic failure, for sure, but it is sold to the masses as "boost our economy and lower unemployment", the mask for continued theft.

And I didn't ding u either.


Wed, 12/12/2012 - 14:09 | 3056538 EscapeKey
EscapeKey's picture

No, you are clearly wrong. I know this, because the one man who predicted the housing bubble and acted in a responsible manner in its regards says so:


Ben Bernanke Says Federal Reserve Is Not Monetizing The Debt

Wed, 12/12/2012 - 14:57 | 3056733 cougar_w
cougar_w's picture

QEn has done exactly what it was supposed to do, which was to maintain the impression that everything in the world is fine.

QEn was never intended to fix anything so the fact that it did not is not interesting.

This will continue as long as the fairy tale economy can float along, once that no longer is the case they will come up with something even bigger. In fact they might even do the helicopter trick and drop paper fiat out of the sky. Whatever it takes.

Wed, 12/12/2012 - 20:09 | 3057826 Bansters-in-my-...
Bansters-in-my- feces's picture

"What a pathetic failure QE has been."


Ya..for us....

For the bankers collecting interest off all the money printed...

Not so much a failure....


.....................*** "The Rothschilds smile"     ;0)

Wed, 12/12/2012 - 13:34 | 3056335 NotApplicable
NotApplicable's picture

We're gonna need a bigger printer!

Wed, 12/12/2012 - 13:42 | 3056392 tocointhephrase
tocointhephrase's picture

Save the rain forest!

Wed, 12/12/2012 - 13:46 | 3056417 Beam Me Up Scotty
Beam Me Up Scotty's picture

Nah, no worries about the environment. All Ben needs to do is put a woodpecker on the zero key on his computer keyboard.

Wed, 12/12/2012 - 13:51 | 3056444 The Gooch
The Gooch's picture

Ben "Zeropecker" Bernanke.

I like it.

Wed, 12/12/2012 - 14:13 | 3056555 ParkAveFlasher
ParkAveFlasher's picture

Finally I witness the birth of a ZH meme.  It's taken months to reach this day. 

Can Ben put a little bell over the woodpecker's head, so that we can hear dingdingdingding as he prints 0's?

Wed, 12/12/2012 - 14:24 | 3056605 inevitablecollapse
inevitablecollapse's picture

fun fact - fast counters can count to 200 in a minute. That puts them at 1,200 in an hour. At this rate, it would take over 9,500 years to count to a trillion :: funny how we can do it in a less manual manner in <365 days

Wed, 12/12/2012 - 13:34 | 3056337 apberusdisvet
apberusdisvet's picture

Just more sanitizing of bankster fraud in the MBS market.  Abra Cadabra, and they're gone!!!!

Wed, 12/12/2012 - 13:42 | 3056382 youngman
youngman's picture

They are now moving it over to car loans and student loans....pretty soon 95% of our economy will be one will have a "job"...they will just get another loan to live on...

Wed, 12/12/2012 - 14:02 | 3056495 centerline
centerline's picture

Then they can do away with our current currency and we can start using loans as currency.  lol.

Wed, 12/12/2012 - 14:12 | 3056554 tickhound
tickhound's picture

LOL... Pretty much the same fucking thing. 

Also, looks like AUTOMATION is to become the BFF of ZIRP. 

Wed, 12/12/2012 - 14:16 | 3056573 Caviar Emptor
Caviar Emptor's picture

Structure loans as a 'lifetime loan' with only one balloon payment when you die. Then the banks offload it onto the next generation through the Fed!

Wed, 12/12/2012 - 15:39 | 3056913 Esso
Esso's picture

It's becoming clear that the goobermunt is going to have to impose some strict, new ZeroHedge control laws.

They can't allow all this thinking to go on willy-nilly like this.

It might wake up the slumbering sheepsters.

Wed, 12/12/2012 - 13:37 | 3056339 Raymond K Hessel
Raymond K Hessel's picture

Fed Rates tied to Unemployment Rate.

Add that constraint to your models, bitchez!


Or to the orbit of Venus.  Either one.

Wed, 12/12/2012 - 13:47 | 3056422 Beam Me Up Scotty
Beam Me Up Scotty's picture

More like UrAnus.

Wed, 12/12/2012 - 13:40 | 3056344 SheepDog-One
SheepDog-One's picture

GOOD NEWS everyone! Economy imploding while they ramp up obvious failure QE! Good News Everyone! - YouTube

Wed, 12/12/2012 - 13:35 | 3056345 AllThatGlitters
AllThatGlitters's picture

Gold and Silver Popping Higher Out of the Gate -


Live Spot Gold:

Live Spot Silver:


Do they continue, or reverse?

Wed, 12/12/2012 - 13:35 | 3056347 Non Passaran
Non Passaran's picture

Gold is hesitating while silver seems to responding better, at least initially.... Makes sense.

OK, maybe this is good time to sell the few copper miner stocks I have...

Wed, 12/12/2012 - 13:37 | 3056361 Al Huxley
Al Huxley's picture

Maybe gold had 'already priced in' unending, infinite monetization of unredeemable US and European debt LOL.

Wed, 12/12/2012 - 13:37 | 3056349 Sutton
Sutton's picture

The Hyper is coming........

Wed, 12/12/2012 - 13:46 | 3056420 1100-TACTICAL-12
1100-TACTICAL-12's picture

" If we make through December, everyrhing gonna be alright I know" (Merle Haggard)

Wed, 12/12/2012 - 15:02 | 3056755 cougar_w
cougar_w's picture

I wouldn't count on it. I haven't given a lot of analysis to the question, but I think they might have an angle. They are setting something up. And it's gonna be huge.

Wed, 12/12/2012 - 13:37 | 3056351 A_MacLaren
A_MacLaren's picture

ZIRP 4Ever

Wed, 12/12/2012 - 13:45 | 3056411 GolfHatesMe
GolfHatesMe's picture

Until NIRP 4Eva

Wed, 12/12/2012 - 13:37 | 3056356 Bubble
Bubble's picture

shocking lack of movement in the mkts on more fiat devaluation

Wed, 12/12/2012 - 13:37 | 3056357 swanpoint
swanpoint's picture

Bloomberg, says "QEInfinity"

Wed, 12/12/2012 - 13:37 | 3056362 scatterbrains
scatterbrains's picture

Awesome so can we go over the cliff now ?

Wed, 12/12/2012 - 13:42 | 3056395 SheepDog-One
SheepDog-One's picture

Yep! We got the new FED spinner hubs on, so time to drive this hoopdie over the cliff!

Wed, 12/12/2012 - 15:04 | 3056759 cougar_w
cougar_w's picture

+1 lol

Wed, 12/12/2012 - 13:38 | 3056368 moskov
moskov's picture

I wonder why didn't the Benake replace Washington with his own portrait on the dollar bill

Wed, 12/12/2012 - 13:43 | 3056396 Alpo for Granny
Alpo for Granny's picture


Because it is going to go on the $1,000,000,000,000 bill.

Wed, 12/12/2012 - 14:10 | 3056547 No Euros please...
No Euros please we&#039;re British's picture

Will that be like a Zim $1,000,000,000,000 bill?

Wed, 12/12/2012 - 16:12 | 3057068 IrritableBowels
IrritableBowels's picture

Try 100,000,000,000,000.

Wed, 12/12/2012 - 16:37 | 3057157 Overfed
Overfed's picture

I've got one of those. Paid $3 for it, half of which was for postage. How's that for a little perspective?

Wed, 12/12/2012 - 13:39 | 3056371 Raymond K Hessel
Raymond K Hessel's picture

Extrapolate the unemployment rate to 6.5%.... is that 2015?

Wed, 12/12/2012 - 13:38 | 3056372 Toolshed
Toolshed's picture

I was thinking gold and silver would dip in early 2013 and I would buy more then. However, now that dip may be relatively insignificant I fear. Anyone have thoughts on this?

Wed, 12/12/2012 - 13:40 | 3056374 RobotTrader
RobotTrader's picture

Is the official "Pie-Hole" statement out already???

Wed, 12/12/2012 - 13:51 | 3056446 catacl1sm
catacl1sm's picture

Boy, they're just letting anybody back on here.

Wed, 12/12/2012 - 13:54 | 3056458 fuu
fuu's picture

Election is over, no more pac money flowing into ads.

Wed, 12/12/2012 - 14:00 | 3056491 catacl1sm
catacl1sm's picture

I don't follow the logic on that.

Wed, 12/12/2012 - 15:35 | 3056612 fuu
fuu's picture

All the click bait posters are back this week, and all the slimey partisan articles have stopped.

Wed, 12/12/2012 - 13:39 | 3056378 mpyre
mpyre's picture

300, 400 trillion in total unfunded debt only a few years away!!!

Wed, 12/12/2012 - 13:40 | 3056383 mademesmile
mademesmile's picture

Long helicopters and nets.

Wed, 12/12/2012 - 13:41 | 3056384 CashIsTrash
CashIsTrash's picture

I hope Bernanke hit his thumb as he drove the final nail in the coffin for the dollar!!! Fuck You Ben!!

Wed, 12/12/2012 - 13:41 | 3056385 adr
adr's picture

But I was told for the last four years that the economy was getting better. The stock market soared on expecations that the economy was getting better. Yet, Ben just pretty much said the economy hasn't got any better and is actually looking worse, so it needs more QE.

AAAANNND this is seen as bullish?

I think CNBC needs to stop cheerleading the fake market and just come out and say the Fed is printing bonuses for Dimon and Blankfein and the sheeple have to eat it.

Wed, 12/12/2012 - 13:44 | 3056403 SheepDog-One
SheepDog-One's picture

Everyones got their hockey helmets strapped on tight here in full-retardville. YAY!!

Wed, 12/12/2012 - 14:13 | 3056558 TN Jed
TN Jed's picture

Is that you Special Ed?  I got mail!  I got mail!  I got mail!  Yaaaaaaaaaaaaaaaaay!

Wed, 12/12/2012 - 13:41 | 3056386 Conman
Conman's picture

The circle jerk has arrived. For housing to improve fed lowers rates. Now that rates are zero forver housing deamnd will do down. Unemploy will stay high becuase housing doesnt bubble. Rates stay low beucase unemploy high. Circle jerk continues.

P.S. Heres where the muppets get skewered again. For the 80millionth time, dump coming .

Wed, 12/12/2012 - 13:42 | 3056397 q99x2
q99x2's picture

That seals the deal. Semester is over this week. Have to go out next week and see what kind of new car my government funding will get me. Bernanke Bucks for everyone. Partyyyeee!

Wed, 12/12/2012 - 13:43 | 3056398 Iam Yue2
Iam Yue2's picture

Didn't Bill Gross tells us all that  "Global central bank monetary policy is now geared to keeping nominal GDP close to historical levels."

Wed, 12/12/2012 - 13:45 | 3056399 kahunabear
kahunabear's picture

Damn the torpedos! Buy buy buy! Free money for all!

Shocking news, just shocking. Who'd a thunk?

Wed, 12/12/2012 - 13:43 | 3056401 GernB
GernB's picture

When QEternity just isn't enough.

Wed, 12/12/2012 - 13:44 | 3056409 SheepDog-One
SheepDog-One's picture

Double-secret QEternityx2 next?

Wed, 12/12/2012 - 13:46 | 3056413 q99x2
q99x2's picture

Nasdaq + 3 points on the news. Something doesn't seem right.

Wed, 12/12/2012 - 13:47 | 3056418 scatterbrains
scatterbrains's picture

the more he prints the more fuel prices rise, the faster they need to bomb Iran or anyone else with any natural resources that wont do business with his magic money lol.  I'm looking forward to improved employment on the back of $6 dollar gas bitchezz !

Wed, 12/12/2012 - 13:46 | 3056421 1835jackson
1835jackson's picture

It's the hard knock life for us....


Wed, 12/12/2012 - 13:46 | 3056423 youngman
youngman's picture

I am just thinking of the South Koreans and how to they read this....?????  Or some other smaller export country....I would say they are not going to be having to many dollars hanging around for too long....spend em fast..or not even take them in for payment if they can.....might be hard now...but in the future I bet there are new curriencies to use for trade....I think in the next 6 months one is introduced to the world.....

Wed, 12/12/2012 - 13:48 | 3056424 Anasteus
Anasteus's picture

Benny forgot to add that additional $45 billion per month will be necessary for managing gold and silver prices lower at interest rate -100% per month.

Wed, 12/12/2012 - 13:48 | 3056427 phoolish
phoolish's picture

No such thing as "sterilization" anyway.  Just some more confusion that was sowed.

Wed, 12/12/2012 - 13:48 | 3056428 nobusiness
nobusiness's picture

Banks can now fire entire non-machine staff and guarantee low rates forever.

Wed, 12/12/2012 - 16:03 | 3057015 Esso
Esso's picture

Will bank robbers be eligible for 99 weeks of unemployment once they can no longer screw a gun into a teller's ear?

Wed, 12/12/2012 - 13:48 | 3056431 toomanyfakecons...
toomanyfakeconservatives's picture

Gravity... no longer defied?

Wed, 12/12/2012 - 13:51 | 3056437 Quinvarius
Quinvarius's picture

Many of you are probably going to try and outsmart this.  Buy a bodybag before you jump in front of this train.  There is nothing to outsmart.  It is what it is.

Wed, 12/12/2012 - 13:53 | 3056456 rqb1
rqb1's picture

You are right, you can not outsmart the ones making the rules as they go.

Wed, 12/12/2012 - 14:09 | 3056546 SheepDog-One
SheepDog-One's picture

Right, now that they've got full monetization in place and everyone certain that the only place to go is up from here, they'll probably drop markets 20% right when everyone went long and clean them out too. No one really knows except for a handful of people.

Wed, 12/12/2012 - 13:51 | 3056442 phoolish
phoolish's picture

Hey, there are Trillion Dollar Pt coins advertise for sale.  What does that mean?

Wed, 12/12/2012 - 13:51 | 3056447 1fortheroad
1fortheroad's picture

Hammer and Nails meet coffin.



Let me issue and control a nation's money and I care not who writes the laws.

Wed, 12/12/2012 - 13:53 | 3056449 Darth Mul
Darth Mul's picture

Honestly - why can't the Fed simply,  for example, simply pay for medicare for everyone rather than buying bonds and giving money to Goldman Sachs?


I'm asking earnestly.  You see, over at Dr. Krugman's blog today, I'm reading comments, and apparently being "serious" about basic math {if I have $5 and want something costing $10....} is bad, m'kay.


In all seriousness, since stimulus is not only good but necessary, and since Krugman and his disciples identify anyone criticizing Medicaid/Medicare's sustainability {math} or fairness {ethics} is merely a "right winger" devoid of intellect or heart...  why not simply print money and expand medicare to cover everyone?


I'm really asking, by the way.  Why not "stimulate" the entitlement programs ad infinitum since, apparently, Keynesian and statist thinking can't be challenged...  isn't taking the Krugman world view to its logical conclusion lead one to believe that we can just print and give everyone [or at least the old and poor if not the working poor young] sunshine, puppy dogs, and free ice cream forever>?


We can hire armies fo the unemployed to fill out the paper work, can't we? 


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