• Sprott Money
    04/29/2016 - 05:58
    There is unfortunately no basis for renewed optimism that this current litigation will have any meaningful impact on precious metals manipulation – with respect to either silver or gold.

FOMC Hints No Taper Despite More Optimistic Forecast, Bullard Is Second Dissenter - Redline Comparison

Tyler Durden's picture




 

The much-anticipated statement of the most powerful body in the world is upon us -

  • FED MAINTAINS $85 BILLION MONTHLY PACE OF BOND BUYING
  • FED SAYS LABOR MARKET SHOWS `FURTHER IMPROVEMENT'
  • FIFTEEN OF 19 FOMC OFFICIALS SEE FIRST RATE RISE AFTER 2014
  • FED SAYS DOWNSIDE RISKS DIMINISHED SINCE AUTUMN
  • BULLARD, GEORGE DISSENT FROM FOMC STATEMENT

Ding Ding: we now have a new dissenter in addition to Esther George: James Bullard. And - as usual - there's a little in there for everyone aside from the fact that the rose-colored glasses view on the economy suggests that they will be, in factm, tapering at some point soon, which the market is not very happy with right now...

Pre-FOMC: S&P 500 Futs 1645, 10Y 2.21%, USDJPY 95.25, Gold $1375, Oil $98.50

May-to-June Redline comparison

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 06/19/2013 - 14:03 | 3672188 King_of_simpletons
King_of_simpletons's picture

Expected outcome. The Federal Reserve is clueless.

Wed, 06/19/2013 - 14:04 | 3672194 insanelysane
insanelysane's picture

Lying and laughing all the way to the bank.

Wed, 06/19/2013 - 14:07 | 3672210 Stoploss
Stoploss's picture

**FED** "UHHhhhhhh"

LOL!!  Taper!

Wed, 06/19/2013 - 14:07 | 3672219 NewThor
NewThor's picture

What is it about QE4EVER that people don't understand?

 

QE4EVER means Quantitative Easing Forever.

Wed, 06/19/2013 - 14:09 | 3672232 AllThatGlitters
AllThatGlitters's picture

Yet the precious still gets smashed, LOL:

Live Gold: http://www.pmbull.com/gold-price/

Live Silver: http://www.pmbull.com/silver-price/

Buy it up, before the dealers crank the premiums back up!

Wed, 06/19/2013 - 14:12 | 3672258 Say What Again
Say What Again's picture

Question of the day, month, & year...

Ben, what are you so afraid of?

Wed, 06/19/2013 - 14:35 | 3672373 Big Slick
Big Slick's picture

“Household spending advanced”

They’re not kidding… I know that our household has had to spend money to replace the boat that was lost... in the accident.

 

Wed, 06/19/2013 - 14:12 | 3672261 AllThatGlitters
AllThatGlitters's picture

Was that dip down just a head-fake? Look at it turn around now. How predictable.

Wed, 06/19/2013 - 14:17 | 3672291 Stoploss
Stoploss's picture

As long as the word "increase" follows the word prepared, in any sentence, is all you need to see to verify no end in sight..

Wed, 06/19/2013 - 14:12 | 3672255 knukles
knukles's picture

Ah hah!
The aggregate collective AAARRRRAGHHHHH!

 

Nothing is rallying, not a goddamned thing
Fucking way to go, Ben!

So what's the message?
The economy is falling apart, crisis mode maintained, fucking dismal crapola all around.

Let's have a panic.  Hows about a good olde fashioned panic?
Sounds good to me!
Hows about nobody has a fucking clue?
Hows about we're still in a Liquidity Trap?
Hows about there is no final demand, the world is weakening, monetary stimulus is gonna stay strong....
What the fuck else is new?

 

Nothing Has Changed....

Wed, 06/19/2013 - 14:07 | 3672212 FL_Conservative
FL_Conservative's picture

Would love for a chance to beat the piss and snot out of the chairsatan.  I hate that fucker.  Did you get that NSA??

Wed, 06/19/2013 - 14:08 | 3672231 kralizec
kralizec's picture

Anybody knock at the door?

Remember, shoot first, worry later.

Wed, 06/19/2013 - 14:10 | 3672247 FL_Conservative
FL_Conservative's picture

Not yet.  But I'm sure there's a drone fixed on my 20, if I looked out the window.

Wed, 06/19/2013 - 14:14 | 3672270 knukles
knukles's picture

Just make sure you use a Joey the Plugs approved break action 12 guage.

Wed, 06/19/2013 - 14:10 | 3672242 Mr. Poon
Mr. Poon's picture

You'd just be validating him.  If he gets attacked by unstable people who read Zero Hedge, he'd figure he must have been doing something right.

A much better and more fitting approach?  Forget him.  Leave him to join Greenspan, wandering around the back corridors of Washington as a has-been, desperately hoping - in vain - to get invited back onto a television show so he can explain how misunderstood he was, and how everything that went wrong wasn't really his fault.

Wed, 06/19/2013 - 14:15 | 3672274 knukles
knukles's picture

Dude, that's mean

 

giggling like little girl

Wed, 06/19/2013 - 14:23 | 3672324 Winston Smith 2009
Winston Smith 2009's picture

"If he gets attacked by unstable people who read Zero Hedge"

Please put "unstable people" in quotes... or I will hunt you down!

;-)

Wed, 06/19/2013 - 14:05 | 3672201 nope-1004
nope-1004's picture

The large financial institutions are insolvent and Treasury purchases have been dropping off by foreigners.  Someone needs to keep this ponzi going.  TAPER was all bullshit, and will continue to be.

 

Wed, 06/19/2013 - 14:19 | 3672305 yogibear
yogibear's picture

Yellen, Resegren. Evans and Dudley are all max money printers.

All following Japan down the rat hole.

Wed, 06/19/2013 - 14:06 | 3672211 unwashedmass
unwashedmass's picture

well they don't eat or drive cars. or heat their houses. 

Wed, 06/19/2013 - 14:06 | 3672217 icanhasbailout
icanhasbailout's picture

Told ya so. Whatever it takes to keep the presses printing.

Wed, 06/19/2013 - 14:07 | 3672218 Mr. Poon
Mr. Poon's picture

That vertical line in my charting software at 2 p.m. doesn't exactly spell out "expected outcome".

Wed, 06/19/2013 - 14:16 | 3672259 Winston Smith 2009
Winston Smith 2009's picture

"The Federal Reserve is clueless."

No, they're helpless. Like The Three Stooges, they've painted themselves into a corner, built themselves into a room with no door. All because of the many times proven to be horribly inaccurate economic theory and model they cling to.

Wed, 06/19/2013 - 14:17 | 3672282 Rathmullan
Rathmullan's picture

And worse, the chairman is an irresponsible coward - just like his predecessor. The message (and the policy) will always be fashioned in a way to avoiding roiling the market, with extreme prejudice given to avoid roiling to the downside. 

Wed, 06/19/2013 - 14:44 | 3672436 Colonel Jessup
Colonel Jessup's picture

The Fed is neither clueless nor incompetent - this is going exactly per plan. This is about the desctuction of the dollar, and the US itself. That is the end game, and there can't be much doubt about it. Nobody is this stupid or incompetent - everything that is going on now have been planned for many years. It's show time now, and you can almost see The Bernank relishing every mkinute of that announcement.

Wed, 06/19/2013 - 14:03 | 3672189 Technical Difficulty
Technical Difficulty's picture

No change.

Wed, 06/19/2013 - 14:08 | 3672227 Non Passaran
Non Passaran's picture

I suppose we're now supposed to divert our attention to other CBs (Japan, China, EU). Somebody do something! We need Draghi to implement negative interest rates or Kuroda to do print .... more.

Wed, 06/19/2013 - 14:04 | 3672190 Jaspergers
Jaspergers's picture

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson

Wed, 06/19/2013 - 14:04 | 3672191 JJ McApe
JJ McApe's picture

no taper till world war 3

Wed, 06/19/2013 - 14:04 | 3672192 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

No Taper = SPX sells ... hmmm. Well, for thirty seconds more perhaps ...

Wed, 06/19/2013 - 14:04 | 3672193 azengrcat
azengrcat's picture

22222222222222222222222222222222222222222222222222222222222222

Wed, 06/19/2013 - 14:05 | 3672195 ebworthen
ebworthen's picture

Lookout in the Crow's Nest of the Titanic:  "Captain!  There is a gigantic iceberg dead ahead!"

Captain of the Titanic:  "Steady as she goes."

Wed, 06/19/2013 - 14:04 | 3672196 Cheeseus Sonofdog
Cheeseus Sonofdog's picture

1% inflation year over year? I think they made a typo and meant month over month. That is still understating the stagflation going on...

Wed, 06/19/2013 - 14:10 | 3672198 Lore
Lore's picture

Labour market shows "further improvement?"  IN WHAT CONTEXT? 

Sure getting tired of the lies.

John Williams puts inflation at 9%.  We're seeing it all over the place.

Wed, 06/19/2013 - 14:05 | 3672200 Village Smithy
Village Smithy's picture

Mr. Bernanke, what are you afraid of!

 

Wed, 06/19/2013 - 14:07 | 3672220 saveUSsavers
saveUSsavers's picture

Bernanke= FINANCIAL TERRORIST

Wed, 06/19/2013 - 14:11 | 3672202 Dr. Engali
Dr. Engali's picture

There can not and will not be a taper. There will only be moar printing until this thing blows up. We haven't seen anything yet. Wait until we are jellin with Yellen she will show the Bernank how a real man prints.

Wed, 06/19/2013 - 14:24 | 3672299 francis_sawyer
francis_sawyer's picture

I thought we'd agreed upon 'Smellin' like Hellin' Yellen'... [sorry ~ I've been in the fields ~ cuz I get my back into my living]...

~~~

https://www.youtube.com/watch?v=gY5rztWa1TM

Wed, 06/19/2013 - 14:19 | 3672306 NoDebt
NoDebt's picture

Cue the individual Fed-Heads to hit the airwaves and jawbone about tapering the next couple weeks.  They'll talk about it to keep the "speculators" from going hog-wild (as if they haven't already) but they won't actually do it.

That's been my position on this and I'm sticking by it.

Wed, 06/19/2013 - 18:28 | 3673437 nightshiftsucks
nightshiftsucks's picture

And then she is going to show him how to fuck like a man

Wed, 06/19/2013 - 14:06 | 3672203 fuu
Wed, 06/19/2013 - 14:22 | 3672314 francis_sawyer
francis_sawyer's picture

10th Avenue ~ Freeze Out

~~~

https://www.youtube.com/watch?v=9qbTSENLK_o

Wed, 06/19/2013 - 14:27 | 3672347 fuu
fuu's picture

Dude, off the fucking piano. Now.

Wed, 06/19/2013 - 14:47 | 3672452 francis_sawyer
francis_sawyer's picture

Careful what you wish for... bcuz at any given moment ~ one may opt for the hour long moog synth...

~~~

https://www.youtube.com/watch?v=IAISUDbjXj0

'808 State bitchez!'

Wed, 06/19/2013 - 14:56 | 3672524 fuu
fuu's picture

I always knew you were an asshole francis.

Papau New Guinea.

Wed, 06/19/2013 - 15:16 | 3672582 francis_sawyer
francis_sawyer's picture

What can I say?... I live by the river...

~~~

https://www.youtube.com/watch?v=4vHvzybkqfo

But then again... If ur into 'mashups'... You could get ricROLLED by the RIVER...

http://www.youtube.com/watch?v=hzQnPz6TpGc

~~~

...& mostly what I have to say is... [unlike 'Wall St.']...

"If you come down to the river
I bet you gonna find some people who live
You don't have to worry if you got no money
People on the river are happy to give"

Wed, 06/19/2013 - 15:19 | 3672670 fuu
fuu's picture

This one is for Ben and all his bitchez: https://www.youtube.com/watch?v=hxsYrfKf_pc

Wed, 06/19/2013 - 18:12 | 3673385 francis_sawyer
francis_sawyer's picture

When I think of 'Ben & all his bitchez'... all I can think of this...

~~~

http://www.youtube.com/watch?v=0UWU2X7fk_8

Wed, 06/19/2013 - 18:21 | 3673412 fuu
fuu's picture

"Fighting for the Federation!"

http://www.youtube.com/watch?v=1wwilCs4Jqg

Wed, 06/19/2013 - 18:36 | 3673463 francis_sawyer
francis_sawyer's picture

Not to become a 'FUU FIGHTER' or anything... But f_s did, actually, spend some 'non-QUALITY' time in the biDness...

~~~

I'm the GUY BEHIND the GUY... But here were my 'creations' back in the day... [can't say I'm totally proud, it was what it was ~ but it was fun while it lasted]...

~~~

Sweet Sensation
http://www.youtube.com/watch?v=QzyyJZktM9c

expose
http://www.youtube.com/watch?v=A77vlnXoP64

[the '2nd' most nervous f_s has ever been... but it got validated]...

 

Do NOT follow this link or you will be banned from the site!