• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Hilsy Come; FT Go!

Tyler Durden's picture


This is what our 'markets' have become...



Beware the VWAP (1633.50) ramp... and the Harding Tweet to chill out...



Except to Hilsenrath. But Lift-O-Matic needed som handholding that it is ok the buy again, and sure enough...

And finally, as a reminder, this is what we are actually talking about:

... but don't tell it to the E-trade baby.

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Mon, 06/17/2013 - 15:36 | 3665681 ThunderingTurd
ThunderingTurd's picture

2:30 stick save by Mr. Henry...

Mon, 06/17/2013 - 15:39 | 3665692 insanelysane
insanelysane's picture

Pump it real good!

Mon, 06/17/2013 - 15:44 | 3665713 bank guy in Brussels
bank guy in Brussels's picture

FT is owned by Pearson, run by American executives involved in criminal shenanigans with the US government

Easy-access for the American oligarchy

Fake 'news' on demand

Mon, 06/17/2013 - 15:49 | 3665726 ACP
ACP's picture

Just wanted to one-up the AP hacker. Hell, easy money since there's no SEC.

Mon, 06/17/2013 - 15:58 | 3665752 THX 1178
THX 1178's picture

Its all hearsay. Or is it heresy? P. Diddy sez, "Mo taper, Mo problems."

Mon, 06/17/2013 - 18:02 | 3666050 Lets_Eat_Ben
Lets_Eat_Ben's picture

A tweet? That's so sad.


Mon, 06/17/2013 - 16:09 | 3665780 TruthInSunshine
TruthInSunshine's picture

I've been trying to tell the bears that because the economy is doing so well on a macro level, and because we suffered a cyclical, not structural, downturn, that they can ignore the entire "taper" talk. This economic comeback is strong, and needs no such extraordinary central bank schemes to prop up confidence.  /s

I believe it was Shakespeare who quipped:

"To taper or not to taper, that is the question."

But that's inapplicable here.

Bernanke & other central bank bosses are irrelevant now. Animal Spirits & Mr. Market are now back in control and they are exuberantly ebullient.

#I am still relevant, just in case anyone was wondering.

— Jon Hilsenrath (@PurportedFedMouthPiece) June 17, 2013

Mon, 06/17/2013 - 16:34 | 3665862 CrashisOptimistic
CrashisOptimistic's picture

You do realize GDP was 0.4% in Q4 and 2.4% in Q1, pre Sequester?

And projections for Q2 are 1.5%, pre DoD Furloughs that start in July?


Mon, 06/17/2013 - 15:50 | 3665728 Divided States ...
Divided States of America's picture

Thats a fuckin lie about Fed not leaking anything out...Bernanke is a jew and hes definitely leaking stuff to his own kind like Larry Fuckin Fink. I know for a fact that these two guys talk on a daily basis.....I mean you think Ben has so much time on his hands to talk NBA playoffs or US open highlights???? Benny is leaking tons of info to his fellow jews on wall street and they in turn are raping everyone placing bets in the financial casino known as wall street. thats a fact.

Mon, 06/17/2013 - 15:57 | 3665749 disabledvet
disabledvet's picture

"talking their book." Caviar Emptor. Obviously TRADE against such things at your own risk. And remember...a single tweet by a hacker who hacked into the AP New Wire service ("White House attacked") cause the DJIA to drop a couple hundred points in a matter of minutes. "are there any people exercising risk management anymore?" (probably not in over 80 years actually.) for the Usual Suspects it's all about "Growth at a Reasonable Price" (GARP) for equities...but far more important is Growth with Deminimus Inflation (I call it my GIDDY indicator.) Don't worry...at some point they'll be pondering my Just Over Night Everthing Shitty Now (or my JONES'N indicator) will be on full display as well.

Mon, 06/17/2013 - 15:57 | 3665755 Mr. Poon
Mr. Poon's picture

Uh-oh, Truman just had another piece of the set fall on his head - quick, get Marlon and a case of beer out there!

Mon, 06/17/2013 - 15:37 | 3665683 NotApplicable
NotApplicable's picture

Perfect balance?

Mon, 06/17/2013 - 15:38 | 3665693 pragmatic hobo
pragmatic hobo's picture

only thing being priced into the market is whether or not free-money gravy train will continue indefinitely or not? Gee ... I'm sure this will end well.

Mon, 06/17/2013 - 15:39 | 3665696 resurger
resurger's picture


Translation: HFT working hard.

Mon, 06/17/2013 - 15:40 | 3665697 Cdad
Cdad's picture

What is most patently obvious at this point in time is that the market is a fucking laughing stock, broken Pachinko machine.  Good grief.  Now we all need Tweet miners to get our trades off profitably.  

First the criminal syndicate known as Wall Street shatters the "maket"...and then Ben "the Great Depression Genius" Bernanke comes along and drives the nail into the coffin.

It's over folks.  

As always...thank you Ben Bernanke...for the wasteland you have made for us.

Mon, 06/17/2013 - 15:56 | 3665748 Cdad
Cdad's picture

"Where you gonna put your money?"

Ummm...not in US equities.  Unfortunately, the US equity market has been entirely corrupted, and putting your money there means the very high risk of you being an absolute fool separated from his money is 50 milliseconds...because someone tweets something or another.

Nice work, Ben!  Truly, you are a "Great Depression" expert...and clearly that is what you are building once again.  Resign, you ass clown!

Mon, 06/17/2013 - 15:59 | 3665765 Mr. Poon
Mr. Poon's picture

"Where you gonna put your money?"

Small privately-owned enterprises making things that people will buy come good times or bad.

Mon, 06/17/2013 - 16:02 | 3665782 Cdad
Cdad's picture

You lose.

Unfortunately, Ben Bernanke did not leak that idea to some reporter somewhere...ergo, small privately owned enterprises making things that people will buy come good or bad times...will not see Bernanke's capital inflow.



Mon, 06/17/2013 - 16:23 | 3665834 PeeramidIdeologies
PeeramidIdeologies's picture

Listen to this whiner!!

If these capitalist pigs hadn't strip-mined nearly every ounce of value from society, instead building sustainable, well intentioned infrastructure, we wouldn't be in this mess. Incase you haven't noticed Benny-boy's free money is the only thing keeping the wheels rolling at this point. But hey, look at you doing your part!!

The money will find it's way back to the true roots of growth, once the fakes and the phoney's have turned up bankrupt.

May the best man win.

Mon, 06/17/2013 - 17:46 | 3666005 Bay of Pigs
Bay of Pigs's picture

Is this sarc? 


Mon, 06/17/2013 - 18:04 | 3666055 PeeramidIdeologies
PeeramidIdeologies's picture

It's reality. Get a grip on it.

Mon, 06/17/2013 - 19:41 | 3666330 skipjack
skipjack's picture

No, it's stupidity.  Capitalism doesn't require free money or favors by gov thugs...socialism/fascism does.



Mon, 06/17/2013 - 15:40 | 3665701 rubearish10
rubearish10's picture

There are many virgin crap shooters at this table! Usually, you hang around too long and leave too many chips on, and then comes "7" OUT!

Mon, 06/17/2013 - 15:42 | 3665705 DeadFred
DeadFred's picture

Betting on a 1633.50 close.

Mon, 06/17/2013 - 15:43 | 3665712 Cdad
Cdad's picture

Really...well, I guess any random number will do.

Mon, 06/17/2013 - 15:41 | 3665706 Devotional
Devotional's picture

whoomp there it is!

Mon, 06/17/2013 - 15:43 | 3665708 Black Forest
Black Forest's picture

Do not hesitate to go long with your wife's money.

Mon, 06/17/2013 - 15:42 | 3665709 debtor of last ...
debtor of last resort's picture

Phantom pain is unbearable it seems. So no real pain will occur. The FED can't stop, so is the BoJ. HFT and Hilsenwrath nonsens for months to come.

Mon, 06/17/2013 - 15:42 | 3665710 alien-IQ
alien-IQ's picture


Mon, 06/17/2013 - 15:44 | 3665715 GrinandBearit
GrinandBearit's picture

Then the algos bring it right back. 

This market needs to collapse... get it over with for cryin out loud!

Mon, 06/17/2013 - 15:46 | 3665719 GrinandBearit
GrinandBearit's picture

FT taper reporter tells everyone to “chill out” 
FT reporter Robin Harding is evidently shocked that his story on the Fed has caused a turnaround in stocks and has taken to twitter to tell everyone to relax because he has no inside source: 

http://www.forexlive.com/blog/2013/06/17/ft-taper-reporter- says-to-chill-out/

Mon, 06/17/2013 - 16:07 | 3665795 NotApplicable
NotApplicable's picture

"Did I do that?"

Mon, 06/17/2013 - 15:46 | 3665720 PartysOver
PartysOver's picture

Leak from NSA maybe.

Mon, 06/17/2013 - 16:00 | 3665770 cossack55
cossack55's picture

No doubt.  The infamous "Snowden Blo-taper"

Mon, 06/17/2013 - 15:49 | 3665725 Tsar Pointless
Tsar Pointless's picture

Pro wrestling.

US equity markets.

Which is more fake?

Mon, 06/17/2013 - 15:55 | 3665742 Dr. Engali
Dr. Engali's picture

Angelina Jolie's boobs.

Mon, 06/17/2013 - 15:54 | 3665729 Dr. Engali
Dr. Engali's picture

This shit is making me sleepy........



Mon, 06/17/2013 - 16:01 | 3665732 ebworthen
ebworthen's picture



Tepper, taper, toilet paper,
Ben, Ben, the market maker.
FT's Harding and Hilsenrath,
Buy stocks oysters, take a bath.

This all brings to mind the Walrus and the Carpenter from "Through the Looking Glass and What Alice Found There" by Lewis Carroll:



"The time has come," the Walrus said,
"To talk of many things:
Of shoes--and ships--and sealing-wax--
Of cabbages--and kings--
And why the sea is boiling hot--
And whether pigs have wings."

"But wait a bit," the Oysters cried,
"Before we have our chat;
For some of us are out of breath,
And all of us are fat!"
"No hurry!" said the Carpenter.
They thanked him much for that.

"A loaf of bread," the Walrus said,
"Is what we chiefly need:
Pepper and vinegar besides
Are very good indeed--
Now if you're ready, Oysters dear,
We can begin to feed."


Mon, 06/17/2013 - 16:02 | 3665739 CaptainSpaulding
CaptainSpaulding's picture

Deeeep thoughts..  Ode to Hilsy. The charts look look like many hillsy.. Deeeep thoughts

Mon, 06/17/2013 - 16:03 | 3665784 SlowMoney
SlowMoney's picture

Mr. Market = Lap Dog

Wall street will get what they deserve ....

Keep those applications to Bar Tending School ...Boys

Mon, 06/17/2013 - 15:56 | 3665745 Lmo Mutton
Lmo Mutton's picture

Isn't this called trend trading or something?

Mon, 06/17/2013 - 15:57 | 3665751 Lmo Mutton
Lmo Mutton's picture

Jennifer Aniston.


That is all.

Mon, 06/17/2013 - 15:59 | 3665766 The Carbonator
The Carbonator's picture

Its the mid afternoon Flair.

Mon, 06/17/2013 - 16:00 | 3665759 Gringo Viejo
Gringo Viejo's picture

SCOTUS rules no ID necessary to vote.
This is what AMERICA has become.
The big fix is in.
Be Advised: Those who continue to whine about the Constitution and Bill of Rights are subject to having their pee pees whacked per Executive Order.

Mon, 06/17/2013 - 15:58 | 3665763 Sutton
Sutton's picture

Ben will NEVER taper(he can't)


Mon, 06/17/2013 - 16:02 | 3665783 THX 1178
THX 1178's picture

The threat of tapering alone will suffice for another month or two-- just to keep things a little less heated than they otherwise would be. Yeah, I agree, no tapering will happen, its all behavioral economics-- they want us to believe that tapering will happen to prevent overheating in the short run.

Mon, 06/17/2013 - 16:24 | 3665836 PeeramidIdeologies
PeeramidIdeologies's picture

As any successful gambler will tell you... It's not the cards on the table ;)

Mon, 06/17/2013 - 21:31 | 3666612 StarTedStackin'
StarTedStackin''s picture




Ben is the lapdog of the Obowel Movent, and when it suits the Obowel Movement to shitcan the USA, he will......count on it.

Mon, 06/17/2013 - 21:29 | 3666611 StarTedStackin'
StarTedStackin''s picture

THRobin HARDONing?

Mon, 06/17/2013 - 21:33 | 3666618 StarTedStackin'
StarTedStackin''s picture

I have the BIGGEST TESTICLEs here.




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