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One is real, the other, like the market, is completely fabricated.
h/t Not_Jim_Cramer
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Corzine for Fed Prez Bitchez!
"Recovery" is so small
Which one is which??
Where is "kick ze can"?
In the headline, I think they should put the words Fed and Cloud closer together. Perhaps one inside the other.
Bernanke's sole legacy is the (very much flawed; nay, make that literally insane) 'virtuous circle' macroeconomic theory that he has incessantly harped on, as it's the only metric he or anyone else in fractional fiat central bankster land can point to as some-- any-- evidence that their 3 1/2+ years of massively pushing on a string has had a cause-affect relationship (even if it's a massively inefficient one, to the point of being net-negative in terms of impact on real economic activity/growth).
So, even though Ben's 'virtuous circle' isn't a beneficial policy in terms of real economic activity (the opposite is true), doesn't increase real GDP growth (the opposite is true), stimulating aggregate demand (the opposite is true) or truly helping drive unemployment/underemployment rates lower (his 'virtuous circle' detracts from further hiring), and is just another in a long line of "intentional bubble blowing to mask/cover up the rot, for the time being, that exists in the actual foundation and pillars of the actual economy" (much like the dot.com and housing bubbles did, that were also fractional fiat blown byproducts of central bank insanity)...
...it's all Ben's got.
When the 'virtuous circle' can't be "spoken of" anymore (as the bubbles he has helped inflate have popped), what will Ben talk about on 60 Minutes interviews?
Commitee has not been used so much in any other fed statement, is this ben trying to cover his back? Maybe it not his fault, the commitee made him do it? Lol
I didn't see the word ponzi in either one, so I'm betting they're both fake.
We need more ink
Literally and figuratively. Nice musket btw.
Where did all the "exit strategists' go?
Bitchezz*
lol
Boy....that's a tough one to figure out. What do you guys think??
What's the big deal? ... sometimes the random number generator spits out positive numbers, and sometimes negative numbers ...
Ah, go on Tyler, which one's which?
DavidC
Had to share this here:
"I have no idea how bitcoin works. Do you open an account with a deposit of Federal Reserve Bits, as if it is a conventional foreign exchange transaction, or what?"
Response:
Yes. You actually need bits (and pieces) of a Federal Reserve Bank. However, not all Fed branch buildings are worth the same. For example, a piece of the NY Fed will bring in far more than a piece of the St Louis Fed. The mother load is a piece of Ben Bernanke's skid marked underwear that he crapped in while being questioned by Ron Paul.
The top one is the relased minutes, the bottom one is the actual minutes?
Someone at the FRBNY is wondering who hacked their system and obtained the actual minutes.
$400 billion new debt/quarter is- Just. Not. Enough.
ummmm you're about $150B greater than the actual amount. Were you a BSC or LEH quant?
Really? Prove it. Because I bet the REAL new quarterly debt courtesy of the maniacal goal-seeking and failing FED is probably more like $600 billion.
Wouldn't it be nice if we had a FUCKING AUDIT, when trillions of dollars of our money are at stake?
'OUR money'? Hahaha! Which FEMA region do you live in?
I suspect first division was confusing debt with QE, at $85 billion times 3 months ~$250 Billion.
Looks like'the market' has forgotten about the GDP figures earlier today already.
DavidC
Goal seekers must get DOW 14,000...that's all that matters and something magical will happen there, or something.
Is that the new corporate logo for the Comittee of bla bla?
By the time the eminent economists at the Fed figure out that the days of managing interest rates as a superpower are gone, it will be too late. Which does have a silver lining, of sorts.
Dog ate my r e c o v e r y.
GDP VAPORIZED!
great bumper sticker
You missed " whats for lunch"
theres the official and then there's what they actually say during the 1.5 days of giving each other handjobs while staring at naked pictures of Blankfein.
rise of the planet of the apes, master bernake! there is your fucking monkey!
Looks like we need a good multi-trillion 10-year war to get things moving again.
Any point abov dow 10k is simply primary dealers bouncing the same stocks to each other.
i really want to see how far stocks would fall if the fed stopped easing.
i really believe a 70 percent crash would not be so crazy to think.
That would never happen.
The day they would quit doing so, the markets would hit lock-limit down levels, and would never be allowed to re-open.
Otherwise, yeah, 70 percent wouldn't be crazy thinking.
So if the market never re-opens, then it's a 100% correction.
No. It means it would forever stay stuck at whatever level it hits when it goes lock-limit down.
Which is the way I've envisioned it happening for about four years now.
Someday, I feel I will be proven correct.
OK, pardon my ignorance. Can you explain what that means? I never heard that term lock-limit down. I aasumed that if the market never re-opens, I'd never be able to sell my shares. Which would be a 100% loss for me. Thanks.
I'm pretty sure PINOCCHIO would fit somewhere in that bottom chart cloud.
word cloud from obrother where art thou? we got this here depression going on, some of your foldin money come un stoled. sold his soul to the devil. constant sorrow
They have no choice but to keep on pushing the market higher and higher, as, unlike in the good old days, there are no mugs left to load the stocks onto, as they head out the door.
The parasite class only cares about seeing their digital representations of wealth increase. Ben helps acomplish that.
Can you become obscenely wealthy without lifting a finger or ever producing something of value? The stock market proves you can. In fact it isn't possible for a person to generate the wealth of a hedge fund trader through legitimate productive business. Where else can you drop $10 million on a stock and make $7 million in the ten minutes after 4PM on a single day?
In the real business world you may be able to get a multi million dollar order, but you still have to produce a purchase the product, and you can't leverage yourself to do so. You need to pay salespeople, and you'll pay a shitload in taxes. You'll also need to pay legal fees because the lawyers will find a way to sue you.
That is why we're fucked. There is no reason to believe you can generate wealth through private enterprise. Why would you try when you can become a billionaire overnight without a business plan or $1 in profit.
Go to Dow 30k, it won't matter. Cramer thinks now is the time we break out of the decade long trading range and go to new highs. We know 2000 was a bubble, we know 2007 was a bubble, we even know 2013 is a bubble. But this time the bubble is solid, it won't pop. We learned why the market crashed the last two times we tried to break through the limits of the big blow. Cramer says this time its unpoppable. In fact it isn't a buble at all, the market is undervalued.
Well, when my businessis bankrupt and I'm waiting in the unemployment office, I'll be glad to salute Dow 30k as a sure sign everything is doing better than ever. If the digital representation of the economy that keeps the parasites rich says we're doing better than ever, it must be true.
Maybe they do not care about money and all they care about is their perceived position in the pecking order BWAAAAWCK. They seem to be irrationally fascinated with proclaiming worthless honors, titles and positions on each other, dressing like idiots and saying different things publicly than privately ... as if it really matters in the big scheme of things.
I think that when they stop, it's game over and they know it. They don't have any way to turn it around so they're just gonna dance till the music stops.
I'm surprised that communism isn't the dominant word of that cloud.
Really? I'm surprised it isn't fascism.
And, I'm sadly not surprised you are surprised it isn't communism.
You don't say communism, it is bad word.
You say "American Way", which euphemism.
I get it, "inflation" by "committee" decision
Recovery Summer IV
In Theatres June 22
I vote for #2 being the real one.