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FOMC Hints No Taper Despite More Optimistic Forecast, Bullard Is Second Dissenter - Redline Comparison
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
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Expected outcome. The Federal Reserve is clueless.
Lying and laughing all the way to the bank.
**FED** "UHHhhhhhh"
LOL!! Taper!
What is it about QE4EVER that people don't understand?
QE4EVER means Quantitative Easing Forever.
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!
Question of the day, month, & year...
Ben, what are you so afraid of?
“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.
Was that dip down just a head-fake? Look at it turn around now. How predictable.
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..
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....
Would love for a chance to beat the piss and snot out of the chairsatan. I hate that fucker. Did you get that NSA??
Anybody knock at the door?
Remember, shoot first, worry later.
Not yet. But I'm sure there's a drone fixed on my 20, if I looked out the window.
Just make sure you use a Joey the Plugs approved break action 12 guage.
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.
Dude, that's mean
giggling like little girl
"If he gets attacked by unstable people who read Zero Hedge"
Please put "unstable people" in quotes... or I will hunt you down!
;-)
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.
Yellen, Resegren. Evans and Dudley are all max money printers.
All following Japan down the rat hole.
well they don't eat or drive cars. or heat their houses.
Told ya so. Whatever it takes to keep the presses printing.
That vertical line in my charting software at 2 p.m. doesn't exactly spell out "expected outcome".
"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.
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.
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.
No change.
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.
"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
no taper till world war 3
No Taper = SPX sells ... hmmm. Well, for thirty seconds more perhaps ...
22222222222222222222222222222222222222222222222222222222222222
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."
1% inflation year over year? I think they made a typo and meant month over month. That is still understating the stagflation going on...
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.
Mr. Bernanke, what are you afraid of!
Bernanke= FINANCIAL TERRORIST
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.
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
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.
And then she is going to show him how to fuck like a man
Meat Beat Manifesto - Psych Out
10th Avenue ~ Freeze Out
~~~
https://www.youtube.com/watch?v=9qbTSENLK_o
Dude, off the fucking piano. Now.
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!'
I always knew you were an asshole francis.
Papau New Guinea.
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"
This one is for Ben and all his bitchez: https://www.youtube.com/watch?v=hxsYrfKf_pc
When I think of 'Ben & all his bitchez'... all I can think of this...
~~~
http://www.youtube.com/watch?v=0UWU2X7fk_8
"Fighting for the Federation!"
http://www.youtube.com/watch?v=1wwilCs4Jqg
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]...
That break bassline in "Sweet Sensation" is awesome.
Expose reminds me of: http://www.youtube.com/watch?v=hcjolqpKR4g
You wrote, engineered, mixed?
No... HAHAHAHAHAH... [This is gonna b hard 4u to fucking believe... But I was a 'talent scout'...]...
~~~
Here's the dish... [glad we're on a wilted thread ~ otherwise I'd lose my QUINTUS ARIUS 5 personna]...
EXPOSE
My 'time' with them was only the part from "5:50 on"... '"seasons CHANGE, as it turns out, with them"... [but I think I got their best]...
SWEET SENSATION
I swear they were my favorite... This sounds GAY [which I'm not]... But I worked on their dance moves... [Jeez ~ I haven't talked to Betty in more than 20 years but I'd love to see her again]...
& here's the UN~NOMINATED [probably the closet FAME of my life [THANKFULLY]...
MADONNA ~ WHO'S THAT GIRL TOUR
- I had so much of a hand in this it isn't funny... From the moving sidewalks, to the dance moves, to the costumes... All to accomodate a MADONNA [who had no fucking lungs, & wasn't 'fit' enuf to do in the first place... That fucking bitch owes her fitness to f_s... [I present this because these 12 minutes earned f_s 12 years of delectable income in ITALIA]...
http://www.youtube.com/watch?v=S-OZTq3lmLs
...all [moves] f_s... top 2 bottom... [most 2 save oxygen]... I'd ask the bitch 2 pay ~ but she turned out to be a "Luciferian cheesepope"... So fuk that bitch... If u like piano soloistz... Go ask 'Chilly'...
http://www.youtube.com/watch?v=pspmBbbOHh8
"Freaks are having a freak-a-thon"
The Fed didn't raise rates or taper OR the Fed can't raise rates or taper?
It's academic since they won't try.
Pop another pill, all is well - Uncle Bennie
He'd better be eating those Beta blockers like tic-tacs before the Q&A
Screw that, pump him full of adrenaline, then have at 'em. ;)
Doing what they do best. Nothing.
10yr at 2.25%
Thats a pretty nice fuck u bernanke.
Get mad bond traders. Wake up you dumb fucks.
edit 2.27%
GOLD takedown happening.
paper GOLD takedown happening. - fixed.
the irony is treasuries are selling off because of the feds bullish stance regarding the downside risks to the economy have diminished.
It's morning in america bitches. Belive them. They like...really want you to.
Bullish
So why are stocks edging down?
Just waiting on the daily $3 billion POMO to be levered up to $90 billion and then fed into buying futures...
Must be that good news (economy "improving") is soon to be bad news for the stimulus-addicts?
...because you cannot fix stupid.
Bernagger Beast!
FOC' M'
Tick tock motherfuckers...
http://www.marketwatch.com/investing/bond/10_year
Fed promises moar paper promises to come,
paper promises being dumped < shocker >
Lol, no surprise!
First Japan blows and some time later the US blows.
print until you burrrrrrn every freakin tree!!!!
gold smackdown in progress LOL
whaddayaknow SURPRISE >not<
look at VXX get trashed ...
QE4EVAMF
Quantitative Easing Forever Mother Fuckers
LOL ZH is a NSA tracked site (not that it surprises me)
Sing along now... Who can it be knocking at my door..
http://www.dailymotion.com/video/x234k_men-at-work-who-can-it-be-now_music
Translation: "Trust me, I know what I'm doing and I promise I won't taper."
HAHAHAHAHA!!!
Santelli's rant was perfect for the announcement (everything is great, but we're keeping QE going full bore). Did someone leak it to him? JK
No taper...full steamer ahead!
see pig above
A tapir (/?te?p?r/ TAY-p?r or /t??p??r/ t?-PEER) is a large browsing mammal, similar in shape to a pig, with a short, prehensile snout. Tapirs inhabit jungle and forest regions of South America, Central America, and Southeast Asia. The four species of tapirs are: the Brazilian tapir, the Malayan tapir, Baird's tapir and the mountain tapir. All four are classified as endangered or vulnerable. Their closest relatives are the other odd-toed ungulates, including horses and rhinoceroses.
http://en.wikipedia.org/wiki/Tapir
Just like Japan, interest rates will be 0.0000% 10 or 15 years from now.
Kyle Bass predicts, and I agree, that after Japan collapses, US rates will go negative in the flight to temporary safety. Any really bad news in the EU will do the same.
I hope so. Then I'll get a HELOC and buy moar stawks.
ALL IS WELLLLLLL!!!
Is anyone surprised? Crickets...
In the end GDP growth tells the tale.
He's south of 2%, WITH QE. How can he withdraw it and go negative?
In real terms its already negative.
OMG the markets must HATE this! S&P down -1? WTF it's horrible! Someone hold me!
What Toilet Taper? by "Don't squeeze the CharBen"!
So after all those hints and rumors, the Fed does nothing? Bernanke to Mr. Market: "Ha! Ha! Faked you out that time."
Party on until September! And how much tapering do you think is going to take place once Yellen takes over?
" how much tapering do you think is going to take place once Yellen takes over?"
A BIG 0.
Her PhD is in currency debasement and print-Obama-nomics.
The hype up to this announcement shows me they are losing the all importnant "FAITH".....you can´t keep saying everything is great...but never get out of crisis mode...something stinks here...and the people are starting to smell it too...
Lol, what a bunch of ballonies..
Yes sir, the markets are going great, the future looks bright and employment is on the rise. Though, we still need more funny-money in the economy.
What's the POMO schedule for July?
Just trying to work ahead on my technical analysis.
Squeaky Bill Gross on CNBS, looks like he needs a glass of water. It's ok Bill, Chairsatan still has your back.
2.28 on 10 year
85B is starting to look a little light...
Exactly. Their GDP projection for 2013 has weakened.
how the fuck do they have the nerve to tell us the economy is doing better? better compared to fucking what? the great depression? im not even sure we can say that.
tell the 48 million on food stamps that the economy is doing better.
fuck u fed
Damn markets...make up your DAMN mind. First, no one wanted to take the SPX much above 1652 before FOMC-meeting. Now that the news is out, they still don't know which direction to go. Well? What's it going to be??