Ben Bernanke To Miss Jackson Hole Symposium Due To "Scheduling Conflict"

Tyler Durden's picture

The Fed's Jackson Hole, Wyoming symposium is one of the most sacred of annual Fed meetings: it is here that the Fed has historically hinted at any and all upcoming episodes of major monetary experimentation. As such, presence by the high priests of global monetarism is not only compulsory, it is a circular stamp of approval of the Fed's ongoing status quo-preservation capabilities. Which is why the fact that the man at the top himself, Ben Bernanke, whose term is due to expire just five months after this year's Jackson Hole gathering, will be absent "due to a scheduling conflict", is set to spark a fire of questions, first and foremost of which: is this the sign Bernanke is handing over the suitcase with the printer launch codes to some yet unspecified, second in command? Or, even worse for those addicted to monetary heroin, will Bernanke simply try to put as much distance as possible between himself and the place where (and when) the Fed announces the grand "open-ended" QE experiment is set to begin tapering?

From Reuters:

Federal Reserve Chairman Ben Bernanke will miss the annual Jackson Hole monetary policy symposium this year due to a scheduling conflict, skipping the prestigious event for the first time since taking the helm of the central bank in 2006.

 

The conference, held in late August in the splendor of the Grand Teton National Park in Wyoming, draws top central bankers from around the world. Bernanke's absence would mark the first time in 25 years that a Fed chairman has not attended.

 

A Fed spokeswoman, responding to a Reuters enquiry, said the chairman was currently not planning to attend because of a personal scheduling conflict.

 

Bernanke, and former Fed chair Alan Greenspan, whom he succeeded in 2006, have periodically used the setting to preview important U.S. central bank actions. For instance, Bernanke hinted at the impending launch of a third round of massive bond purchases by the Fed - dubbed QE3 - at the conference last August.

 

In 2008, the conference effectively became the site of an economic war room as top policymakers huddled to figure out how to tamp down a virulent financial crisis as investment bank Lehman Brothers hurtled toward collapse.

 

This year's meeting would have been viewed as an excellent opportunity for Bernanke to signal that the central bank might be leaning toward tapering bond purchases, if the economy continues to recover as officials hope.

An unmovable personal conflict four months in advance, to avoid beautiful sights such as this?

Or the perpetually glass case-enshrined bear?

Somehow we doubt it.

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Manthong's picture

PM on the Heidelberg.

Pinto Currency's picture

 

Bernanke saw the memo that this year's security for Jackson Hole will be provided by Craft International.

philipat's picture

Remember the Bernank's term comes to an end shortly and he wants to get out before it all caves in (TEOTGPonziE) so that he will be able to say "Really? It was OK when I left".

He will probably send his chosen/likely successor to do the Yellen?

Zer0head's picture

we need a Banzai of his schedule and the "conflict"

Pure Evil's picture

Dude, rumor has it that he's taking time off to get a Colonoscopy.

When they insert the camera, the doctor hopes to find out if he has shit for brains.

Although the way money flys out his ass, its quite possible that they find the source of all the fiat coming out of the Federal Reserve.

Big Slick's picture

“The day of the Lord cometh like a thief in the night.” 2 Peter 3:10

The day is sometime around late August

The thief’s name is Bernanke

Long rosary beads

Pinto Currency's picture

 

 

Seriously - the gold shortages being reported by ZH /other news sites and the months of backwardation we've seen on the LBMA are indicative of increasing stress and approach of a gold market event.

Bernanke can well see this and knows what it means for the sophistry with which he makes his livelihood.

Precious's picture

He's going to be at Fort Knox taking inventory.

toys for tits's picture

Even if sampled for tungsten, that should only take an afternoon.

Manthong's picture

Not that I really G.A.F., but who could possibly not understand the importance of periodic maintenance?

The Big Ching-aso's picture

Let's not be so quick to judge him.   They may have cancelled bunga bunga.

eatthebanksters's picture

I wonder which dumb fuckers are going to rush in to add their names to the list of candidates for Bernanke's job.  They wil need to be exceeding stupid and arrogant because only such a fool could really believe they could leave any type of legacy other than they were the ones piloting the Titanic hen it sank

Precious's picture

Correction.  The Rothchilds wouldn't approve his trip request.

BLOTTO's picture

BB not going to Jackson Hole?

.

Thats like Wayne Gretzky skipping out on the Stanley Cup Finals to go to - a softball game.

.

As some previously mentioned, maybe he go the call from his masters that he need not attend?

Or maybe something shitty is going to happen so they make an excuse to protect him, i.e., X-factor event?

Or maybe the man is sick and he needs some major surgery?

.

Either way - very stange and that they announce it so early in advance...

willwork4food's picture

Clearly, Nibiru has entered earth's parallel again which is why all the heavy hitters will be underground monitoring the situtation. This could get ugly.

HardwoodAg's picture

It wood take more time to open the door than do an actual count. Although it's likely the door been ajar since the last bar departed.

Marigold's picture

BB = Beelzebub not visiting Paradise Lost.

Tom Servo's picture

Ben may have to wash and Simmonize his bone dome in lieu of attending...

 

eatthebanksters's picture

Personal scheduling conflict...he has to go to the dentist?

Jake88's picture

LOL. Whether or not he has shit for brains they are looking in the right place.

Rustysilver's picture

Hey Pure Evil,

You are pure evil: how do you think of this $shit.

yogibear's picture

"Dude, rumor has it that he's taking time off to get a Colonoscopy."

I'm sure there are many out there that would like to be inserting a drain rodder instead. They aleady know he's a big a-hole. How big is the question.

The a-hole will be missing J-hole. 

toys for tits's picture

'Sorry I'll miss Jackson Hole, but it's the only time this year that Satan was available for his annual blowjob'. - B.B.

 

BTW, if you want to see how worthless our fiat is, here is a guy that gets people to accept actual blank pieces of paper for products.

http://www.metacafe.com/watch/579884/how_to_pay_for_anything_with_blank_...

Big Slick's picture

Really FUNNY vid, toys.  Thanks for that.

More funny is that it's basically what happens millions of times a day with fiat!!

Cacete de Ouro's picture

Ben Shalom has just got tapped to replace Stanley Fischer. Apparently he needs to be in Jerusalem in late August to count all the gold they don't have

The Big Ching-aso's picture

The only thing that could be more important than working at Jackson Hole would be working the public's hole.

ArkansasAngie's picture

Actually he knows that jackson hole will be canceled this year as a result of financial chaos as markets decide that ownership ... not leverage is king. 

Congregations of banksters will be frowned upon.

freewolf7's picture

If he knows it will be cancelled,

he wouldn't have to cancel first.

johngaltfla's picture

INCOMING MARKET CRASH!!!!

 

All hands on deck.

 

(this could be a lot of fun to watch)

swissaustrian's picture

Yes, just like when Greenspan left...

The rat is leaving the sinking ship.

nbsharma's picture

Have to agree. There are no coincidences. What's the conflict? Is bernanke jr getting married or something?

resurger's picture

i fucking told you guys, whne you are a in a hole you ..

never mind, print ...

The Big Ching-aso's picture

He should send Greenspan to replace him.   At least he couldn't phuck-up things any worse.

nasdaq99's picture

LIVE FEED OF PROTESTS GOING ON IN ROME BY BEPPE GRILLOS'S 5 STAR MOVEMENT

 

http://videochat.corriere.it/index_H2401.shtml

Pinto Currency's picture

 

Grillos funded by Soros.

Chuck Walla's picture

PM on the Heidelberg.

Or the Hindenberg?

FORWARD SOVIET!!!

GOSPLAN HERO's picture

Hindenberg's PM cargo lift capability was very limited.

11b40's picture

But the crash was spectacular.

agNau's picture

Combs,
He has combs to clean.

YesWeKahn's picture

Fuck you Bernanke!!!

Translational Lift's picture

This is his f'n junket and he can't attend because of a "Scheduling Conflict"...........give me a break!!

 

Lame....Lame....Lameass..........

JimS's picture

Small change: Lame....Lame-er....Lame-est.........

wiebern's picture

Reminds me of the time our regional VP scheduled a "mandatory meeting" buy then couldn't attend due to scheduling conflict. He left an agenda with bullet points so vague that none of us had any idea what he was going to talk about. We skipped his agenda items, spent 20 minutes on our own issues and left for lunch.
Come to think of it that was the most productive meeting that guy ever held.

Banksters's picture

Apparently the hotel  will not be serving placenta and fetuses this year.   

Burt Gummer's picture

Oh please let Jamie Dimon be the next fed chairman, so much funny would ensue.

 

http://www.youtube.com/watch?v=ZS2Z19yTuPI

tip e. canoe's picture

Fat Larry would be even funnier.

yogibear's picture

Gefilte fish lady, Janet Yellen is being asked.