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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Sun, 04/21/2013 - 10:36 | 3479955 Manthong
Manthong's picture

PM on the Heidelberg.

Sun, 04/21/2013 - 10:59 | 3480046 Pinto Currency
Pinto Currency's picture

 

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

Sun, 04/21/2013 - 11:01 | 3480054 philipat
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?

Sun, 04/21/2013 - 11:09 | 3480076 max2205
max2205's picture

Timing is everything

Sun, 04/21/2013 - 11:17 | 3480105 Zer0head
Zer0head's picture

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

Sun, 04/21/2013 - 11:20 | 3480108 Pure Evil
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.

Sun, 04/21/2013 - 11:21 | 3480117 Big Slick
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

Sun, 04/21/2013 - 11:29 | 3480141 Pinto Currency
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.

Sun, 04/21/2013 - 12:11 | 3480313 Precious
Precious's picture

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

Sun, 04/21/2013 - 12:26 | 3480362 toys for tits
toys for tits's picture

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

Sun, 04/21/2013 - 12:33 | 3480384 Manthong
Manthong's picture

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

Sun, 04/21/2013 - 13:21 | 3480563 The Big Ching-aso
The Big Ching-aso's picture

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

Sun, 04/21/2013 - 14:12 | 3480754 eatthebanksters
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

Sun, 04/21/2013 - 14:19 | 3480779 Precious
Precious's picture

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

Sun, 04/21/2013 - 15:49 | 3481026 BLOTTO
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...

Sun, 04/21/2013 - 17:27 | 3481334 willwork4food
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.

Sun, 04/21/2013 - 23:47 | 3482538 HardwoodAg
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.

Sun, 04/21/2013 - 11:55 | 3480255 Marigold
Marigold's picture

BB = Beelzebub not visiting Paradise Lost.

Sun, 04/21/2013 - 13:39 | 3480635 Tom Servo
Tom Servo's picture

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

 

Sun, 04/21/2013 - 14:18 | 3480773 eatthebanksters
eatthebanksters's picture

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

Sun, 04/21/2013 - 12:02 | 3480281 Jake88
Jake88's picture

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

Sun, 04/21/2013 - 17:06 | 3481252 Rustysilver
Rustysilver's picture

Hey Pure Evil,

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

Sun, 04/21/2013 - 17:20 | 3481313 yogibear
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. 

Sun, 04/21/2013 - 11:32 | 3480164 toys for tits
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_...

Sun, 04/21/2013 - 14:03 | 3480722 Big Slick
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!!

Sun, 04/21/2013 - 11:39 | 3480197 Cacete de Ouro
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

Sun, 04/21/2013 - 13:33 | 3480587 The Big Ching-aso
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.

Sun, 04/21/2013 - 11:50 | 3480227 ArkansasAngie
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.

Sun, 04/21/2013 - 14:37 | 3480836 freewolf7
freewolf7's picture

If he knows it will be cancelled,

he wouldn't have to cancel first.

Sun, 04/21/2013 - 11:02 | 3480060 johngaltfla
johngaltfla's picture

INCOMING MARKET CRASH!!!!

 

All hands on deck.

 

(this could be a lot of fun to watch)

Sun, 04/21/2013 - 11:11 | 3480078 a growing concern
a growing concern's picture

Full speed ahead!!!

Sun, 04/21/2013 - 11:33 | 3480175 swissaustrian
swissaustrian's picture

Yes, just like when Greenspan left...

The rat is leaving the sinking ship.

Sun, 04/21/2013 - 11:37 | 3480192 nbsharma
nbsharma's picture

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

Sun, 04/21/2013 - 13:21 | 3480571 resurger
resurger's picture

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

never mind, print ...

Sun, 04/21/2013 - 13:32 | 3480597 The Big Ching-aso
The Big Ching-aso's picture

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

Sun, 04/21/2013 - 11:16 | 3480098 nasdaq99
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

Sun, 04/21/2013 - 23:54 | 3482558 Pinto Currency
Pinto Currency's picture

 

Grillos funded by Soros.

Sun, 04/21/2013 - 11:22 | 3480122 Chuck Walla
Chuck Walla's picture

PM on the Heidelberg.

Or the Hindenberg?

FORWARD SOVIET!!!

Sun, 04/21/2013 - 11:59 | 3480262 GOSPLAN HERO
GOSPLAN HERO's picture

Hindenberg's PM cargo lift capability was very limited.

Sun, 04/21/2013 - 13:42 | 3480651 11b40
11b40's picture

But the crash was spectacular.

Sun, 04/21/2013 - 23:40 | 3482525 agNau
agNau's picture

Combs,
He has combs to clean.

Sun, 04/21/2013 - 10:41 | 3479963 YesWeKahn
YesWeKahn's picture

Fuck you Bernanke!!!

Sun, 04/21/2013 - 11:01 | 3480055 Translational Lift
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..........

Sun, 04/21/2013 - 12:06 | 3480299 JimS
JimS's picture

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

Sun, 04/21/2013 - 13:51 | 3480688 wiebern
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.

Sun, 04/21/2013 - 15:22 | 3480956 Banksters
Banksters's picture

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

Sun, 04/21/2013 - 10:40 | 3479964 Burt Gummer
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

Sun, 04/21/2013 - 12:41 | 3480417 tip e. canoe
tip e. canoe's picture

Fat Larry would be even funnier.

Sun, 04/21/2013 - 13:24 | 3480578 yogibear
yogibear's picture

Gefilte fish lady, Janet Yellen is being asked.

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