At Least They Are Finally Honest... Again
It seems the truthiness is growing louder in Washington:
- *DALLAS FED'S FISHER FED HAS BEEN `SOURCE OF FUEL' FOR RECOVERY
Once again, there you have it, as we noted here, the admission that indeed it is the Fed that has been the visible hand. Fisher went on to note:
- *DALLAS FED'S FISHER SAYS IT'S TIME TO TAPER OFF BOND-BUYING
- *DALLAS FED'S FISHER SAYS FISCAL AUTHORITIES HAVE CREATED 'FOG'
Fog, smoke, and mirrors... perhaps those tin-foil-hat wearing digital dickweeds were on to something?
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As a one of those digital dickweeds, the preferred nomenclature by the dicwads at the FBI is sovereign-citizen extremist.
It's a TRAP!!!!
Because of TARP. See what I did there?
Indeed I do, Dick Head.
Meanwhile back at the outhouse things are beginning to pile up...
John (Print till the cows... errr... JOBS come home) Williams president of the San Francisco Fed and one of the central bank's more dovish members, highlighted the stubbornly high jobless rate as he called for continued bond purchases on Thursday.
"The Fed's dual mandate from Congress is to pursue maximum employment and price stability. We are missing on both of these goals," Williams said in an address at The Forecasters Club in New York. "Unemployment is far too high and inflation is too low.
Right, so lets keep doing the same thing we've been doing. Doing the same thing over and over and expecting different results is the definition of stupidity.
You know who's honest?
My poor old mother.
She's a wonderful old gal.
http://www.angrysinner.blogspot.kr/2013/02/thursday_28.html
drone him...
I laughed at this more than I should have.
+1
"Drrrrone hiiiim..." LOL
I was already laughing hard about the word "recovery" in Fisher's statement, but "drone him" beats it all...
"Don't drrrone me Bro!"
"How many drrrones does it take to fsck up a wedding?"
"Ben Dover and give me a drrrone job..."
The possibilities are endless! :>D
"Bailiff! Drone his pee-pee!"
don't drone me bro.....
Yawn..GS told Fisher to say this so that GS can BTFD.
They forgot this one:
*DALLAS FED'S FISHER FED HAS BEEN `SOURCE OF FUEL' FOR SILVER MANIPULATION
The Pilgrim Society..err..I meant the Dinner Club
Tin-foil-hat wearing digital dickweed reporting in.
After this blip of reason from the mouth of the Fed, I'll be able to afford myself a Gold-foil hat.
Thank you, Fed -- should be worth about 50 pips on the EURUSD, once we ram through those stops below 1.3050. LOL
DALLAS FED'S FISHER TO SOON BE OUT OF JOB.
Kevin Warsh Redux?
No worries for Fisher. He was assigned the task of placing a hint to the market that succulent bones may be thrown less often in the months ahead. Its all rigged and all planned. We are the peons trying to follow the bread crumb trail.
DALLAS FED'S FISHER SAYS IT'S TIME TO TAPER OFF BOND-BUYING
Unpossible. They cannot stop because it will crush the only remaining sign that this "weekend at Bernie's" economy has a pulse - the levitated stock market.
Prrrrrecisely.
*DALLAS FED'S FISHER SAYS IT'S TIME TO TAPER OFF BOND-BUYING
*FED CHAIRMAN BERNANKE SAYS "FISHER'S MASTER OF DEADPAN SARCASM, FOMC CAN'T STOP LAUGHING, NEEDS NEW KEYBOARDS"
Stop buying those bonds Ben, watch what happens to yields - watch debt servicing costs go supernova faster than you can blink.
"We're not monetizing the debt" ... Prove it!
Fisher might as well have said "It's time for the FOMC to pull the trigger of the loaded gun it is holding to America's head".
That crusty old USD been calling out these cocksucker scam artists for several weeks now. But, but, but the USD was gonna plunge I was told. Metals been calling them out as well. If all the CBs ease, are any of them actually easing?
Expect more of this in the coming days/weeks.
Bernanke is getting too much heat for raging energy/gasoline/food/everything-but-delicious-iPad prices as he is daring people NOT to pour fresh fed fiat into just about any and every commodity, "stawk," piece of terra firma, stamp collection, classic Ford Pinto, grilled cheese sandwich that resembles the Virgin Mary auctioned off on eBay....
There will be staged back-and-forth drama and Kabuki speak between fed officials to try and thread the needle and tamp down fat fiat injections creating even more irrational (correlated with Bernanke's irrational "Virtuously Circular" monetary policy) moves upwards in everyassetclassimaginable.
It's called "Strategy to Jawbone Suicidal, FUBAR'D, Bernank'd 'Markets' Down From the Ledge."
We should all, and especially "investors" who are positioned long, at least be thankful that there's not much leverage in these markets. /s
The climactic scene in what is now a four year drama about the economic death of the US is fast approaching. The battle royal between DC and Wall Street blame game is now full on. And the Fed, as moderator, just blew its cred...based on the testimony of one B. Bernanke this week.
Yeah...now what is that catalyst that's going to take "stawks" higher than all time highs again?
Could it be possible that the typical sheeple realizes that an increase in the supply of digital fiatski as reflected on the balance sheets of banks & financial institutions, the ability of these same entities to absolutely mark their assets & liabilities to nearly whatever they desire due to the even-more-farcical-than-before FASB, a notional 4 year high on equity "market" indexes, and relentlessly manipulated statistical mis-reporting of key economic indicators has done nothing to improve, and more often than not, helped worsen their particular economic & financial circumstances since 2009 (as many of them have climbed into record debt, despite fictions of "beautiful deleveraging")?
yes
No because they don't what any of that is or means.
IOW, they're just as incoherent as yer comment! :>D
I just had a bulk of 2,500 sf homes in Detroit cross my desk....I was thinking $2,500 was a fair offer for them all...not each but $1 per home
Negotiate until you get them for free. Who gives a fuck about the outstanding mortgages on them. Already sliced and diced and either sold to Bernanke or waiting in line to be sold to Bernanke.
DALLAS FED'S FISHER SAYS WATER IS WET, SKY IS BLUE, AND PROTONS ARE CATHOLIC
Yeah like they gonna do it... kaboooooooooom if they do.
The recovery is just now starting to take hold and Fisher thinks they should end the purchase program?
There is still more to be done!
Fog, smoke, and mirrors...
or as GOB would say
"This is my least consistent trick."
http://www.youtube.com/watch?v=wB-1-pVnMmo
You mean MOAR...
48M Americans on foodstamps. Which recovery are you referring to?
Krugman : deficits don't matter!
Tomorrow might be a cliff dive.
Fisher talks a big game but when it's time to vote, he looks at Ben, Janet and Dudley and votes with them
You got it...he is only there to lend some credibility to this cabal known as the Federal Reserve.
Reserve??? Reserve of what????????
Debt, think reservoir, and a damn, that is very close to the high water mark....
Dubpost
he does NOT currently have a vote.
*DALLAS FED'S FISHER FED HAS BEEN `SOURCE OF FUEL' FOR RECOVERY
Yes the first bit is true but the second about recovery.. isn't... there hasn't been a recovery, it is still a depression
He meant "recovery" in terms of bankster gangster offshore tax-haven accounts.
Ah true yes, my mistake, the forked tongue double speak of the bankster
Another asshat mistaking inflation for recovery. But Joe ain't got no dough don't you know.
"Please sit tight while I walk you through the math of Medicare. As you may know, the program comes in three parts: Medicare Part A, which covers hospital stays; Medicare B, which covers doctor visits; and Medicare D, the drug benefit that went into effect just 29 months ago. The infinite-horizon present discounted value of the unfunded liability for Medicare A is $34.4 trillion. The unfunded liability of Medicare B is an additional $34 trillion. The shortfall for Medicare D adds another $17.2 trillion. The total? If you wanted to cover the unfunded liability of all three programs today, you would be stuck with an $85.6 trillion bill. That is more than six times as large as the bill for Social Security. It is more than six times the annual output of the entire U.S. economy."
"Let’s say you and I and Bruce Ericson and every U.S. citizen who is alive today decided to fully address this unfunded liability through lump-sum payments from our own pocketbooks, so that all of us and all future generations could be secure in the knowledge that we and they would receive promised benefits in perpetuity. How much would we have to pay if we split the tab? Again, the math is painful. With a total population of 304 million, from infants to the elderly, the per-person payment to the federal treasury would come to $330,000. This comes to $1.3 million per family of four—over 25 times the average household’s income."
Speech by Richard Fisher in 2008 before the Commonwealth Club of California. Today total US debt is $139 trillion. The per person payment today is $438,000, up from the $330,000 in 2008.
http://www.dallasfed.org/news/speeches/fisher/2008/fs080528.cfm