This page has been archived and commenting is disabled.
Bernanke Conference Recap: "Mr. Chairman: Do I Still Have Time To Get In The Market?"
When someone tells the Fed Chairman, Ben Bernanke CFA, Series 7 and 63, certified, that "the stock market has been hitting all time highs, it's recovered all of its losses from the financial crisis" and then proceeds to ask, even jokingly, during the Q&A of the most important monetary policy conference in the world, if he "still has time to get in," you know it has all become, quite literally, one big joke.
The joke gets even funnier when the abovementioned chief stock market strategist of the Fed responds: "we are not targeting asset prices", in direct refutation of his numerous prior statements which confirm the Fed is doing precisely this, and that he is not "measuring success in terms of the stock market" or that he does not see "anything that is out of line with historical patterns", then you know the joke's on you. Because this exchange, joke or not, is most comparable to this hypothetical one from 2007: "Mr Chairman, Bernie Madoff asset management is up 100% so far this year. Is there still time to get in?"
Fast forward to 29:48 in the clip below
»
- 25101 reads
- Printer-friendly version
- Send to friend
- advertisements -
"No place to hide". Why do you think they have duel citizenship and two passports.
Is this even real anymore? I don't know anymore. Maybe a peanut-shaped guy will be the president by tomorrow. Just doesn't make any sense any more.
I mean - a banker named Rich Ricci... and look at the pictures...
http://www.dailymail.co.uk/news/article-2296456/Rich-Ricci-Barclays-As-a...
Markets lead the economy, not lag. Ben knows this. So Ben can mask the issue of unemployment and government spending by pointing to the success of the "market's response". This of course is wrong. Markets reflect future potential. Economic indicators are mostly measures of the past.
When cycle wave c kicks in on the SP500, it's going to get very messy.
http://bullandbearmash.com/chart/sp500-weekly-closing-time-high/
The way the markets are acting simply shows who's putting in money (they don't have) and who's taking money out.
Everyone in the room is putting on a show for the masses. Both sides of the podium know it's one big con. The best they can hope for now is that Saturday Night Live will pick them up for a skit or two.
Is it just me or Bernanke started losing hair since he became chariman?
Better hustle, chances to buy at all time highs only come along every few years.... Lately
Looks the same. If he shaves and puts on a wig you know he's heading for the El Al Airline check in. That'll be your hint it's all over. He won't be telling us whe he and the Boyz are exiting the markets.
The best part is where he says the govt ain't spending enough.
Use federal reserve notes and incur an Irrecusable obligation. The puzzle is complete!!!
A Banksters defeatism (realization of defeat) nightmare, Being forced to Return to Real Money=United States Note=Lawful Money, Use the Remedy within the Federal Reserve Act. Redeemed 12USC411, Refusal Penalty 12USC501a http://savingtosuitorsclub.net Stop being a Slave!!!!!! This is Tax Free Money!!!!!! http://stormthunder.com/
Convincing Congress to Abolish the Fed http://www.silverbearcafe.com/private/convincing.html
Irrecusable obligation, which according to 'Bouvier's Law Dictionary' (1914 ed.), is "a term used to indicate a certain class of contractual obligations recognized by the law which are imposed upon a person without his consent and without regard to any act of his own." This is distinguished from a recusable obligation, which according to Bouvier, arises from a voluntary act by which one incurs the obligation imposed by the operation of law. The Income Tax succinctly described is an irrecusable obligation.
The obligation to make a return of income for using private credit is recognized in law as an irrecusable obligation. The voluntary use of private credit is the condition precedent, which imposes the irrecusable obligation to file a tax return. If private credit is not used or rejected, then the operation of law, which imposes the irrecusable obligation lies dormant and cannot apply.
Madoff = Bernanke