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"QE-Off Rumor?" Bonds Down, Stocks Down, Gold Down
S&P 500 futures are currently experiencing the largest intraday drop in May - seemingly set off by this which was largely a joke uttered about an hour ago...
Over/under on a 3pm Hilsenrath article hinting tapering is coming sooner than later
— Andrew Yorks (@andrewyorks) May 9, 2013
... Which promptly escalated into a full-blown rumor that Hilsenrath is about to issue an article heralding the end or tapering of QE.
Sigh.
Treasury prices buckled lower, gold and silver are falling and US stocks are back at Tuesday's close...
biggest drop in S&P 500 futures in May...
Charts: Bloomberg
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The "real" Andy Yorks or the "fake" Andy Yorks..??
Don't say I didn't tell you so ...
http://www.zerohedge.com/news/2013-05-07/bill-gross-bernanke-thanks-chairman-got-any-more#comment-3537443
Twatter=one more way to control the sheep.
I would love to see a currency like the EUR do a crash flash like what happened to gold a month ago.
Gold rally coming.
Fed minions doing their tap routine as fast as possible.
So true. For at least 500 occasions the Fed has warned of deflation and it has never panned out. You'd think that people would catch on.
Blue pill / red pill thing.
Gotta love the 200bps "noise" in the EURUSD these days too.
Look.
For everyone wondering wtf is going on I'll lay it down here nice and easy.
Step 1: Print.
Step 2: Market +X
Step 3: Spillover market +Y
Step 4: Talk hawkish. <-- We are here
Step 5: Spillover market -(Y - Z)
Step 6: Market -(Y - Z - 1)
Step 7: Print more to fix Step 6.
Mission Accomplished
Such Market Efficiency!
Such Depth, Breadth and Liquidity!
Such Promises of Unbounded Riches!
WTF?
Musta been a slow day when dude's on the commode tweeting about BS and the market follows...
BTW, Who the Fuck is Andrew Yorks?
BTW, Who the Fuck is Andrew Yorks?
Isn't he the fourth Monkee? Here we come, walking down the street...
He's the guy that TPTB coerced into blowing up the trial baloon. He will be soundly ridiculed while they prepare the official announcement and sell off all of their risk assets to the sheep.
he is probably a dude who got burned multiple times shorting rates . i bet he is still short duration. dudes like that mix their political views with fiduciary and when that does not work out they talk about the diversifying nature of the duration short for the overall portfolio. i bet he is also long IG and HY (or equivalent).......DBs like this cling to the myth of "credible" Fed and that QE efforts undermine the Fed's credibility. obviously they are completely off the mark. QE is here to stay for a long time. no we are not in the 8th inning like Jeff says. IMHO we are in 3rd inning.......
Gold shortage here! Fed doing everything to facilitate a broken system, as Asia demands physical. These take downs are done to keep the system alive, nothing more. Maybe they'll find and capture Bigfoot tomorrow, then do a huge raid? Worked with Obama Sin Laden......
Buying gold is helping QE.
You're purchasing coins or bars and paying with what? Cash. Fiat. More gold purchases = more fiat being pumped into the system.
YOU (all of you salty bastards, and I mean that in the nicest possible way) are helping the Bernank with QE. So knock it off already.
[I just thought of this a minute ago out of thin air and it kinda blew my mind, so I thought I'd share it.]
Your father must he so proud...how is Million Dollah Bonehead?
The money may be pumped into the system, but not exactly the way the Fed wants.
They want you buying worthless iCrap, houses, cars, stocks, etc., not gold/silver.
Yeap. The psychopaths really and truly LOATHE gold, because it draws your attention away from their toxic, hypothecated shit.
You could at least do them the courtesy of buying gold FUTURES on MARGIN. Be a good boy and eat your toilet paper.
If buying gold helps QE that means that higher gold demand -> prices help QE. That QE money is being used to prop up gold eh?
All Riiiiiiiight! One up arrow for my fantastic revelation that buying gold = QE.
(I don't count the down arrows. Don't count anything bad. A little trick I picked up from the BLS.)
"[I just thought of this a minute ago out of thin air and it kinda blew my mind, so I thought I'd share it.]"
@NoDebt...Blew your mind? What mind?
I inquired about this recently on a forum, and basically what happens when PMs are bought is it trickles down to the miners so moar can be brought to market. Just like when you buy iStuff, it rolls into more iStuff (and offshore accounts, of course!)
EDIT: That's the extra simple explanation. There are dealers, and realistically borderline slave labor in there in both instances. - just sayin.
You may want to take a banking 101 class.
you have money in your account. The bank lends it out and it gets multiplied by 10 through fractional reserve lending. Now you take your money away from the bank and buy gold. The gold dealer now puts it in his/her bank. That bank will now lend it out 10X.
Who, or which bank has the demand deposit is completely irrelevant - you exchanging $ for gold does not alter the amount of $ in the system - it just changes the ABA and account number associated with a certain amount of $$.
Rgds
WeekendTrader
The gold dealer has to spend it to re-supply, though... So it moves down a line of dealers, eventually to a mine... And yes, I'm sure everyone involved profits a little, but not on the same scale as banking.
The dealer will (for example) spend the money on gold purchases and salaries. The salaries are deposited in a bank of the employee, and the $ related to replenishing inventory are deposited in the bank of the miner/refiner. At the end of the day the $ are still in the banking system, no matter who holds them.
Rgds
weekendTrader
I understand, not trying to argue... The money still circulates. It just circulates in a different direction, away from those who would rather not hold it.
My point to the OP - not you - was that when you spend money (on gold, or anything for that matter) it has very, very little to do with the fed and your money (directly at least) is not used for QE.
In QE the Fed creates dollars out of thin air and uses them to purchase assets. Your dollars have nothing to do with it, although one can argue that creating too many dollars will dilute the value of the dollars you hold. If at some point QE gets reversed, whether it be through portfolio runoff or outright sales, the dollars will be "uncreated" and in theory reverse any dilutive effect they had. (emphasis on "in theory" mind you).
Rgds
WeekendTrader
+1 Sorry about that.
EDIT: I didn't intentionally upvote myself... Misfire.
maybe buy some silver; gold is for big-boys....remeber that...no need to be envious...
or better yet, gimmie your fiat and ill buy it on-sale.
yup.. i dont buy this bullshit
lol. Buy every QE taper 'dip'
Fed can't exit QE. They're funding the deficit. You don't have to worry about QE going anywhere until they fix the deficit. And with the idiots in Washington I don't see that happening anytime soon, unless flying unicorns and magical 8% gdp growth are right around the corner
btfd
Well JPY just did.
-
Hilsenrath knows we're going to sail through the 6.5% unemployment
rate on part-time jobs. GS knows same.
The day SCUMBAG Bernanke stops QE is the same day I will eat shit directly out of his asshole.
Not to end QE, but to announce a symbolic QE tapering, so they can say (pretend), "we are carefully weighing the risks and benefits of QE at each meeting".
http://www.zerohedge.com/news/2013-05-07/bill-gross-bernanke-thanks-chairman-got-any-more#comment-3537504
In addition, the Fed hinted this in the statement, "prepared to increase or reduce the pace of its purchases".
Contrarily to the media spin, the latter (prepared to reduce) is more significant than the former (at least in English language).
I would like this to happen just to see you do it.
Personally, I have no need to watch.
To me, this all shows how spooked and close to the edge the so called markets are. I'd hate to think what would happen if bennie sat on a whoopie cushion. No doubt a big deflation scare.
Things are so close to coming completely unglued.
Personal pride would forbid me, but we get the point.
Right? Getting seriously tired of watching the inflate/deflate, pump/dump, bullshit.
We KNOW the central banks can never stop printing without a complete implosion. There is NO gradual unwind coming. It's extend, extend, extend, and when the timing is right / appropriate measures in place, total detonation.
How did we get so far from fundamentals?...... global slowdown, rampant unemployment, spiraling debt, war, and ..... nothing.
Then a cockroach farts in Quebec, and the market goes to new highs for the 19th time...... in a row.
2 words are pretty much all I require to sum up my feelings toward the market;
incredulity and nausea.
Seriously, pull the QE-IV and start the party by crashing this fucker. The patient's been dead for years; moving its arms and feet for it ain't foolin' anyone (at least 'round these parts). Besides, I'm about as prepared as I can be - to have another boating accident.
I've got news for you: you are doing so already.
As are we all. For years now.
I ate shit for quite awhile but changed my diet a couple years ago and no longer shovel in what comes out of Bernanke's ass. I'm not too proud to say that I once thought Bernanke's shit tasted like rainbow sherbert and central planners achieved their position through smarts and had my best interests in mind.
Unfortunately many don't want to be seen as being taken and can't admit their folly, therefore actively supporting the perpetuation of systemic harm as they support their own actions. The power of denial...
Not even the skittles?
Unfortunately I think we will eat shit out of his asshole everyday until he stops. Then things get bad.
wait fonz, so you are saying they will destroy with a deflationary collapse.....and then hyperinflate????
Tell me, what exactly does a deflationary collapse look like? There being of course not one historical example of such an occurence from which to draw any lessons or parallels (in contrast to the hundreds if not thousands of inflationary and hyperinflationary economic and monetary collapses in the historical record).
may be true akak, but when i say deflationary, i mean the collapse of all qe fed bubbles which leaves us back to 2008....but this time there is no chance the banks get bailed out by the govt....it will just be plain ol'confiscation of depositers.........that is not hyperinflationary.....................
Kito, I actually wasn't trying to come across as snarky as my message might have seemed. I just fail to imagine what a situation in which we see a hyper-appreciating fiat currency would look like.
I still think that we both have very different definitions of "deflation".
akak, lets forget the definition of deflation.....lets stick with my scenario.....that when all assets go sour from qe induced diabetes related gangrene.............that there will be no political will to bail the banks out....that instead the masses will cry for the rich to have their money brought to the cross..................that confiscation will be the order of the day......where does that lead to??
It leads to no food on the shelves and no gas delivered. Inflation/deflation becomes a moot point.
Assuming we actually move beyond that, it leads to a revaluation of the dollar to much much lower levels.
It is possible at that point, gold or no gold, cash or no cash...that bass is right in that the "social fabric just ever so slightly gets torn"....to shreds.
@akak
I thought the Great Depression was the result of what a lot of people would consider to have been a deflationary collapse. Of course, on an individual level, using the Great Depression as an example would depend upon someone's definition of a deflationary collapse.
OneTinSoldier, you are correct that (in the USA at least) the beginning of the Great Depression was deflationary --- for exactly four years, 1929 to 1933, while the USA was still on the gold standard. Once the USA was forced off the gold standard by the wheelchair tyrant, we immediately entered the inflationary age in which we still find ourselves. But since the deflationary period was NOT coincident with a purely fiat US dollar, my case still stands; no economy using a purely fiat currency has EVER seen an actual deflation with an appreciating fiat currency (no, not even Japan in the last 20+ years), much less a "deflationary collapse", whatever that might be.
I am not saying that such a thing is categorically impossible, but as we say in the scientific world, extraordinary claims demand extraordinary evidence, and I still fail to see the evidence for, or even a single historical precedent of, a deflationary collapse.
+1 though if you listen to some voices in europe you might note that for many it feels like deflation because prices and wages don't move much
and it feels like austerity just because the nations are overspending only a few percentages of their budgets instead of opening the sluices
further it feels for them like a depression because monetization is not at full banana speed
put it simply: lots of people who think that whatever can go on for years can go on forever
Kito Bass said it best. Whether we hyperinflate or hard default...it's almost not even worth arguing over. One leads to the other.
My guess is simple. They absolutely pull the plug on QE. You don't get inflation or deflation as much as you get an immediate cease of all markets and immediate capital controls on bank accounts. You won't see an interest rate or a gold price flash across your screen. For a short period of time cash is absolute king as everyone is confused. Then you get a massive revaluation of the USD and that is when gold has it's day in the sun. But there won't be much joy for anyone at that point.
edit - although if there is still internet I will try to get a pot shot in at you before it goes down, assuming I still have a sense of humor.
That theory that physical FRNs will flourish for a short time when the banks shut down seems very optimisticly in favor of FRNs. While I guess it's possible for a short moment as everyone would have to get in wrong once again in an extremely massive manner, those that rush into physical FRNs will get absolutely crushed as the fiat currency of every single country that has ever gone bankrupt lose a tremendous amount of value. Another negative to this scenario is that there a a lot of physical FRNs outside of the US.
it would be impossible to rush into cash. the banks would be closed. whatever u had in your pocket is all u have. i just think it would be the only transfer of payment system for a short period of time. But the massive revaluation comes, and with it, the end of the nanny state.
I hear you, I would just find that very surprising. In that scenario, I visualize a mass scramble for goods and prices skyrocketing, regardless of the few FRNs in your pocket.
More than likely, though, the printing goes straight into hyperinflation with no bank shut downs. A bank shut down would cause an immediate end to the currency, whereas they can keep the game going just a little bit longer if they extend it into hyperinflation.
fonz...we will have a meeting point when all hell breaks loose.....then will we form our plan......i will bring a cache of weapons...you bring the organic cucumbers....................
I can go "pew pew" with my six shooter cucumbers.
we will meet at sparks....i will be the guy drinking tap water with lemon and the complimentary bread dipped in bbq sauce.................
LOL
I think when you start to see shortages here and there, like right now it's tricky to find ammo, but if you line up for it, you'll get it. When that type of thing starts happening with common goods (i.e. more sheep start prepping), it will create some panic and before you know it the shelves are empty and the fuel's gone. That's in the middle somewhere...
bass said nothing best about the u.s. --he thinks its a "numbers adjustment" that will fix the u.s. he has an overzealous obsession with japan.....i heard his high school sweetheart was japanese....she broke his heart..........
Bsss said the U.S is behind Japan in the que, but years behind. He also said the U.S has some things...food...water....cucumbers etc. going for it.
fonz how can they be behind japan???? pull the plug on the 1 trillion dollars a year in deficit spending in the united states and its OVERT DEPRESSION......pull the plug on the whatever gazillion yen a year in deficit spending in japan and its OVERT DEPRESSION......NO DIFFERENCE.....NONE....ZERO...............
Just leave me some of that bread. That's good bread.
I think we're gonna need a biger boat...."
i shit you not -
http://www.marketwatch.com/story/dow-15000-try-116200-2013-05-09?dist=co...
CNBC is just sooooo IRREVELENT !
This pullback is beginning of "correction".
What a bunch of DOLTS.!
A huge 3 hour correction is about all this market can muster
And Tesla motors up. I know politically incorrect to mention a gov subsidy that actually worked out into a profitable company. Can't tell the truth on ZH, this place is about to die for me.
Lets take away the govt. support and see what happens ? Once the rich are finished buying no one else will be able to afford one.
WTF do stock prices have to do with being a profitable company? Especially in light of a fedgov subsidy?
A truly profitable company with revolutionary technology should have no trouble attracting REAL investors, yet they don't even bother to try it on their own, as it's easier to invest in handouts.
As many studies have shown, lobbyists provide the largest ROI in existence, as they tap into the money flow at its very source.
Not in my lifetime.
Bernanke standing around with his dick in his hand (before inserting in LIESmans mouth) trying to figure out which rumor to start next
and a golden shower for Bob piss-on-me Pisani
and money skank
cramer the fuck
etc...
So "tapering QE" is now being described as a "policy mistake" by talking heads on The BlowHorn [CNBC]...now being countered by Santelli, of course.
Surreal.
QE has been going on for over five years and doubt that QE will continue into eternity must be spread in order to keep commodities from going gangbuster. Once investors figure out QE will never end until the printing press is rendered worthless, the game is over. This is the ulimate bluff. Isn't it wonderful that the central planners are lying to...err...bluffing the humanity just so they can benefit at the expense of the ignorant and indifferent? Most investors, unfortunately, can't spot the sucker at the table. Maybe that's neive that I'm still a bit baffled that the large majority take the rawness without question.
Ding, Ding, Ding, Winnah!
They are managing expectations in order to curb the massive front-running taking place, as even they know what happens when a "market" gets too one-sided.
Not to mention, the constant capitulation from one view to another provides a further opportunity to profit from the herd reactions along the way.
who the f is andrew yorks
apparently an Indie music & Boston sports fan. Translation, a fucking douchebag.
"He's a Joo! He's a joo that started the tweet to make joo bucks on a fake market dive!"
Arranges tinfoil hat on head and swtiches from Bigfoot Revealed to Ancient Aliens on his tube t.v. set.
"He's a Zionest! A Rothschild! He's imbedding secret messages in his Klezmer indi rock music!"
Checks peephole from inside of underground bunker.
"He's from the Illuminati! The Masons! The Jew Masons!"
Scuttles over to silver pile like a fat roach.
Good Lord what have we become.
slow down on the blow, bro. I saw a cat OD on the floor of the Bellagio a few weeks back.
"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong."
Thomas Sowell
http://fourwoodcapital.com/team.php
20 years of experience as a fixed income portfolio manager specializing in alternative credit, derivatives, corporate bond, and traditional fixed income mandates. Prior to founding SCA, he was a Managing Director and Head of the Investment Grade Structured Credit Platform at BlackRock. Andrew was the lead manager on $14 billion of investment grade, high yield and emerging market bonds, loans and credit default swaps, while helping manage an additional $85 billion in investment grade credit. Additionally, Andrew managed a C$33 billion advisory assignment for the Pan-Canadian Investors Committee as well as successfully raised $6 billion for seven separate structured credit transactions from 2005 to 2008. Andrew has been acknowledged and awarded for his past performance and investment approach. Prior to BlackRock, Andrew was a fixed income portfolio manager at Alliance Capital (Bernstein).
LOL at the Fed killing QE........all this is subterfuge for the hedgies and bankers and traders on the inside to buy the rumor dip.
They can't stop printing. And they won't stop.
+1 tapper off,, double dog dare ya . scum bags..
Don't make me laugh - the Fed has no way out.
This actually is their way out. Remember how the fed tried to QE rumor the market up without having to ever do QE?
Now they are trying to "stop QE" the market down without actually having to stop.
Is it me or is that not completely obvious?
Jawboning and quitting cold turkey are 2 different things.
No shit. I think, with all respect, that is not the point. This "rumor" is the fed realizing they have created a monster. They are just trying to let a little bit of air out and get the side benefits of a strong dollar and smashing gold. Pretty awesome combo if they pull it off.
The question is how long can they jawbone? My guess is at least a year easy, maybe more.
By that time something else will go wrong and they will just increase QE. But we can all talk about how they were so close to ending it.
The bottom line is this rumor = panicked fed.
How are you going to have a big relief rally without pretenting you might take the punch bowl away first?
If you're going to start talking about maybes and mightas lets at least get all the permutations on the table in one shot.
It looks like it occured to someone, somewhere, that this whole market stinks like shit.
With that being said, look at the tradeoff. Gold down almost $20 and the markets heading right back to green
OK, you've convinced me. Fits the facts better than anything I can come up with.
I think you're looking too deep a this . This was a bored Red Bull junkie who is short weekly SPYs and pissed on a thing market by seeding the headline algos. He's a fucking reprobate and the algos that triggered on this shite are even bigger reprobates.
I will concede that an unexpected consequence is that the Fed just did some layer cake in their skivvies seeing the market react to such a stupid rumor.
I agree, this is overblown. But you just got a glimps of the reverse rumor playbook.
if bond rates rise the country goes bankrupt, and Bennie doesn't get his money back. Phuckt.
Attention Brian Wesbury: QE is the sole reason the market isn't in the shitter, and this reaction to a simple rumor proves it.
It shocks me that after watching the last decade of colossal monetary stupidity that people actually believe the guys at the Fed are smart, or trustworthy, or even logical. They are fools. While I tend to agree that they are stuck holding the tail of a tiger, I am not sure they 100% understand that. Because, they sure as hell didn't understand their last several brushes with the tiger. My view as that we are heading to Zimbabwe (with our very own very version of a marxist anti-colonialist mugabe-like shithead behind the wheel), there is a chance that the Fed pulls back and we play this game again before we get to Zimbabwe. In fact, we may need that trip to the lows again to build the public support for completely flushing our system down the drain (instead of just playing at it).
Good to see the paperboys are more gullible than ever. I've seen cows with better structured thinking and reasoning capabilities.
Al what do you think of my comment above? How great is this? 3 birds with 1 stone. Stronger dollar, ease the stock bubble and smash the shit out of gold. All with just a whisper.
Amazing. The next leg of my insanity just began in earnest.
fonz if you are trying to convince me to diversify out of paper dollars, you are NOT doing a very good job today....................
I agree, it's pretty expedient, a lot of objectives all met, and with no actual action! Again, I just can't believe how fucking stupid the movers of these markets are. Here's global gold demand (real gold) going crazy, and nobody outside the US gives a fuck about QE, they just see the sale and jump on it, but the paperboys here can't sell enough of it short, based on a fucking TWEET that Hilsenrath MIGHT write an article SUGGESTING THAT QE might taper off sooner rather than later! And none of these stupid fucks is the least bit concerned that, once the criminals finally get net long they can just NEVER TAKE THE SHORT SIDE AGAIN and all those spec shorts will get to drive the price to fucking infinity in a desperate attempt to get out of the trap they've made for themselves, as the Comex decides that 'you know, maybe you hedgefunds should have to make delivery in actual metal after all- cash settlement was a good option for us, but for you guys, I think we need some new rules'. Stupid fucks, I hope all their kids speak good Chinese, it's going to be a tough go working in the new masters' houses without at least a rudimentary understanding of what they're being ordered to do.
"based on a fucking TWEET that Hilsenrath MIGHT write an article SUGGESTING THAT QE might taper off sooner rather than later!"
Exactly. This is just behavior conditioning Al. Remember Ben said this was the grand experiment. He was talking about behavior.
Kito whatever you do, don't listen to me. Just buy the dip.
This whole rumor was a giant reach around gold knockdown. I can only hope something broke behind the curtain.
This Yorks guy sounds like a total bankster loving cocksucker.
I wouldn't worry too much about that paper gold stuff. The gold book is global, and it gets passed to other countries with more true to phsyical processes. It is likely we will see 400 points up in some Asian session due to physical supply issues and then another 1000 in NY when get their morning margin call. They have no control over the market. Nor do most of them even understand it.
I agree, physical supply/demand will eventually drive the market. But I doubt we'll ever see the price moves you're talking about on the Comex. All that happens is that everybody eventually realizes that the prices of 'gold' traded on the Comex are no more related to the price of gold than say, potato futures contracts, because neither of them actually entitle you to get any REAL gold. I would say that this has by and large already happened, it just hasn't been widely recognized yet. But I would add the big caveat that I honestly do think that if the bullion banks get themselves net long, then suddenly Comex contracts WILL become 100% convertible, the Comex price WILL be a good benchmark for the price of real gold, and the $400 jump will be triggered by the bullion banks demanding delivery from the idiot hedge fund shorts, with no friendly 'cash settlement' or 'force majeure' back door to get out of the trap.
agreed fonz...worked well with Greece ...extend pretend w/rumors. Why reinvent the wheel.
Gee a portfolio manager saying he's using his clients money on an over/under bet on an unconfirmed article.
Nope, this market is not about ready to implode. No siree Bob.
ya, like bernanke would do anything to harm his buddies blankfein and dimon, lol.
market will close green by days end, this is such a joke. its already off its fucking lows. its such bullshit, but let these fucking assholes keep saying how the economy is improving and that is why the market is where it is, nothing to do with qe, despite the fact that any rumor about tapering sends the market into a tailspin.
we r so fucked, its scary
When the rumor is refuted: stocks will recover, gold won't.
How conveeeenient. </Church Lady>
what is scary is that this is as chaotic as Trading Places. Rumor that a guy who knows a guy at the fed--Hilsenratfucker--sends gold / markets plunging. Wow.
+1 for Hilsenratfucker.
The power of the pen - interesting.
stateside
But the penis mightier than the sword.
this will happen occasionally to keep the fiat price of gold down
ha ha ha so its enough now to tweet something-anything to shave off few 100 bil of market capital ?!?!
BEEEE AHHHH BEEEE AHHHHHH
This is a test of the emergency you are all so fucked broadcasting network.
In the event of a real emergency you will be overcome by looters or taken forcibly from your homes.
This is only a test
Two thumbs up but you made me choke on my lunch.
Good God.
Please tell me it's POMO Friday tomorrow.
and Andrew York is????
(other than a nomark cunt)
Rumors like this show you why gold is a bad short.term investment.
NFW.....I'm telling ya, wont happen.
"Tapering" is the perfect word to describe the end stage of dumping a long turd. However that does not preclude a new turd following.
That's funny.
You know why shit's tapered on the ends, right?
Same reason thunderstorms taper off.....so the clouds don't slam shut.
So your sphincter doesn't slam shut!
lots of shitty comments today
"Fast and Bulbous -- bulbous, bulbous also tapered."
Captain Beefheart, Trout Mask Replica.
that was a squid eating dough in a polyethylene bag!
Also .... A tin teardrop.
Fantastic. ^^^
The Bernank is evil.
Sure it does, in 12-24 hours. Just give it a little time.
the wrath of hilsen already has been proven to be a poor guidepost........he has been wrong several times......reminder to IT.......must fix that glitch in the algo.....................
hmmm my portfolio hits its all time high today
You'll be saying this again and again into the near future.
Projected Q2 GDP is 1.6%.
How can he tighten?
Anyone who believes that the Fed can unwind (or even slow down at this point) has no business managing their own money, let alone other people's.
All together now say it....
"BS"!!
We all know the Fed cannot stop.
Write the guy and tell him he's FOS!
rumor and humor rule the world?
Said at the beginning of the day in "Frontrunning" there would be a small market meltdown today.
Yes Virgina, I too believe in the Efficient Markets Hypothesis. SARC.....
Since the nations are doomed to repeat history, the USA being the wicked old nazi germany this time, they might as well dance merrily and blissfully into the fates well laid and bared before them. Dance into the insane cycle of world war and study more of the actual history itself at the same time. Quite ludicrous, but what's it matter anyways? La-la-la-la. Zig?
http://www.youtube.com/watch?v=c8j8o4kxx30
"the USA being the wicked old nazi germany this time," - FAIL, the U.S. has no manufacturing base to protect, like Germany did. Now China on the other hand...
LoP, agreed. Thank you.
Just like nazi-germany in the out of control warmongering and same world domination acts of a rothchild created bad guy country. The deeper meaning being, that what America is doing today all over the world is synonymous with those same actions of nazi germany a generation ago. Actors in the rothchild world domination and population reduction agendas. America purposely drained down to FAIL. Who profits from war are the same today, as they were two world wars ago. And yes, china has been set up for usage as a tool to conquer the USA, and as the new world order money engine. China is a sucker actor in the banksters scheme of population reduction and world domination.
http://www.youtube.com/watch?NR=1&v=-WfqdcnjvlA&feature=endscreen
Sounds to me like you're the sucker. DE-population has not been attempted or advocated by ANY world powers. Quite the opposite.
if you think bonds are in a bubble just look at population. It's absurd.
fail for YOU. The comparison has nothing to do with DOMESTIC manufacturing base, it's acquisition of OTHERS assets like gold, oil, and creation of a domestic police-state that crosses borders into militaristic domination and genocide. Or haven't you noticed anyone even NEAR a Muslim is put to death using drones? Just like the Nazi jew-destroyers of old but as note previously, a new offender, a new victim.