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Bill Gross Moment Of Daily Zen: Hope, And Pray To Bernanke
Because if one hopes hard enough, and if the liquidity capital misallocation tsunami doesn't destroy everything in its path (remember CapEx? neither do we) maybe, just maybe, the fifth, or sixth, or seventh time will be the charm and/or different.
Gross: Central bank credit & hope for real growth drive risk markets. Both must continue to support current prices.
— PIMCO (@PIMCO) May 8, 2013
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Martin Armstrong posted a bullish Dow article yesterday and today it is gone.
Barrons Leon Black article
"It's almost biblical. There is a time to reap and there's a time to sow," Leon Black, chairman and chief executive of Apollo (ticker: APO) declared to the Milken Institute's global conference in Los Angeles, alluding to that same Scriptural passage. "We are harvesting,"
http://online.barrons.com/article/SB50001424052748703591404578453000846155088.htmlBill the fed doesn't give a rats ass about growth. They are trying to manage the collapse.
Growth doesn't show on our maps
Ben must keep open the taps
QEs only job
Let Oligarchs rob
While they manage the system collapse
Bravo, LK!
Risk is dependent on Hope?
I Hope no one reprices Risk.
There is no market. Forget it.
Seek alternatives, and overpriced farmland is the only one. Mostly because price doesn't matter. Only calories and joules do.
PIMCO's twitter translated
"Ben, put me back on the damn early distribution list and I will stop"
For a company that relies upon the Fed's moves to make money, I find this Twitter feed less than honest.
"PIMCO has been long gold since $1500/oz." - Bill Gross
The Bernank to Bill:
Don't ever take sides with anyone against the family again....ever
http://www.youtube.com/watch?v=FeZ5GpcG4sc
Bill's gotta be headed for the door soon. Nobody bites the hand that feeds them like that and stays very long.
Allianz own's Pimco, no? Maybe he knows the mothership is going to hit the rocks?
Bill better never go fishing out in the lake.
They all go fly fishing together....just as good.
Even if he screamed for help in the middl of his office, who would hear him with that creepy whisper-voice? Out in the woods- forget about it.
Ben is transferring wealth to those owning stocks, so might as well profit from it. Same with the Japs.
Jewish American Princesses own stocks? who would have guessed?
Gross: Central bank credit & hope for real growth drive risk markets.
And coming soon: Change
Why is it that Bill Gross is the only wall street insider that speaks out? Did he fail to make a donation along the way? Seems like he's been left out of the decision making process in NY and DC.
The more they print to support the market - the more they have to print to support the market.
The very people they need to believe the lie are not investing in CapEx and hiring.
Everyone accepts the market is fake and manipulated and keeps one foot out the door hoping they will get out first.
CENTRAL BANKS HAVE FAILED and printing trillions with no end in sight just proves they have lost control.
They have no idea what else to do.
The game is over .
at some point they have to print money in order to be able to afford to print money
Gross is saying that when the street runs out of hope for growth, QE will no longer work.Should be any time now. Just remember who will be responsible for the crash.....Bubbles Bernanke, fed chairman.
risk is only slightly more ephemeral than hope
Secret History of the American Federal Reserve System
http://www.youtube.com/watch?v=iNh6K8bZkdM&NR=1&feature=fvwp
.
Bernanke should be made permanent fed-chair. He should not be allowed to leave this mess to someone else.
The guy belongs in an electric chair.
Risk, what is that? The Fed is everywhere. Their QE is backstopping Europe through the international banks. They have friends at the IMF to help them implement capital controls. Need a pallet of cash to give the Karzai government? Call Ben. Wasn't it the Fed that enabled the Nixon slush funds? Want to swap UST for foreign bonds, better check the charter. Okay good to go. Want something new in the charter? Sure, just write it down Mr President. You know no one in Congress complains because who wants a bad economy at reelection time. I'm your off balance sheet, off shore banker, want to hide dirty assets, under performing assets? Call me, your American Financial Gigilo. We'll get under the covers, sweep it under the rug. Risk is such a dirty word.
What's the most contentious trade? Wonder if Hugh Hendry's getting short right now on a bet that Bernanke will be the first Fed chair to crash the market.
The definition of risk has been changed to the next bailout opportunity
why is this guy tweeting?
This makes all those 401/IRA/SEP retirement accounts look good. The question is when do you get out? Pigs get fat, hogs to slaughter.