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Quote Of The Day From Bill "Edible iPad" Dudley
Tuesday humor struck early, courtesy of Goldman's head of the New York Fed, Bill Dudley:
- DUDLEY SAYS FED AT TIMES WAS `TOO OPTIMISTIC' ON FORECASTS
That in itself is not the humor. The humor is, as always the context. Such as this:
- DUDLEY SEES STRONG CASE GROWTH TO PICK UP 'NOTABLY' IN 2014
Now that is funny when one considers the following past headlines:
- May 2010: "The U.S. economy is recovering and we are now seeing the first signs of significant employment growth"
- February 2011: "Fed’s Dudley: Sees Higher Growth In 2011, 2012"
- August 2011: "Growth during the second half of 2011 will be “significantly firmer” than in the first six months"
- May 2012: "If Growth Continues, More Fed Stimulus Isn’t Warranted"
- November 2012: "This rebuilding will continue well into 2013, likely providing for somewhat stronger growth than otherwise would have been the case"
And so on - one of these years he may be right, although not before another $2.7 trillion in Fed excess reserves. Of course, what else can one expect from the man whose only contribution to economics is proving the hedonic deflationary benefit of edible iPads.
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Why is it that growth will pick up NEXT year?
I have heard that since about 2010.
pods
Correction, Green Shoots began back in 08-09,
"Nell, I can't beeelieve it". Dudley Do Right
This guy is like the Stolper for the whole f'n economy.
He is exactly that.
Dudley is chairman of the Committee on the Global Financial System of the Bank for International Settlements (BIS). He belongs to the Group of 30 as well. My guess is he is the man running the entire system in NYC, and not their puppet spokesman Bernanke.
<------ DUDLEY or
<------ DOOFUS
When things get serious.....lie.
Hey man... sorry if I was kind of an ass to you last week. My bad.
Dud - If'n you rub it hard enuf, it will grow.
Maybe though in your case, viagra or cialis might help.
It's all good, krid. No blood, no foul. The beauty of the anonymous WWW.
Wait, there's more!
And if you buy now....
Keep this shit going viral, Komrades.
Kalifornia -
http://www.dailymail.co.uk/news/article-2353347/Police-shoot-kill-Rottweiler-street-dog-runs-owner-arrested-obstruction-justice.html
Hawthorne P.D. (not cop on scene)
Lieutenant Scott Swain
Desk:(310) 349-2835
Cell: (310) 345-2348
email: kswain@cityofhawthorne.org
Here's a link to the original full length....
http://beforeitsnews.com/alternative/2013/07/hawthorne-ca-police-arrest-...
Thanks, Knuk but that site is sketchy... Will check @ home.
Anyone know what the shooters name is?
Komrade Lieutenant Swain won't answer his phone and his V.M. is full...
The cop better go to jail for a long time.
Criminal.
They sure protect and served the shit out of that guy.
The Watchmen certainly don't like being watched. Fucking SWAT team. Bunch of Jack Booted adrenalin junkies trying to get their rocks off.
Don't talk to a cop, ever.
Two statements:
Am I being detained?
I want a lawyer.
pods
Its almost like they recruit sociopaths and goons.... Nah... I'm just being paranoid, right?
Hi Gooch,
I know the site has alotta odd and questionable stuff all over it, but does provide a ton links to reports and vids like that above ...
Must sort wheat from chaff, but can be handy.
K
a cancer GROWTH. GROWTH. GROWTH. GROWTH. GROWTH. GROWTH. GROWTH. GROWTH.
See/read/speak it enough times and it looks alien.
There's a sign at the Legion behind the barkeep that states "Free beer tommorrow." but when i go it's "today".
Fuck You Dudley
Reminds me of the phrase: There will be free beer tomorrow.
it is because this is the classic everything better next year scam.
recessions are normal. part of the economic cycle. so are depressions. the longer they try to avoid tbe inevitable, the worse it will be when it arrives.
I think that your statement marginalizes the "crimes against humanity" that our monetary system represents. The debt that has been foisted upon humanity, both directly and indirectly, under the guise of some sort of natural eCONomy should be considered criminal. We should not feel comfortable explaining this away as some sort of natural cyclical economic cycle.
Sucks all around Krid that this is taught as normal now.
And with deflation as well. Deflation USED to be a good thing as prices fell for people due to competition and productivity gains.
Now, deflation is the death knell for our debt based system, so much so that everyone accepts 2% inflation, which robs 2% from everyone holding FRNs.
pods
I don't know if you've ever seen the propaganda films about inflation and why it's a good thing... circa 30's and 40's. They were clearly "over the top"... but didn't seem like it at the time, I'm sure. But they succeeeded. We are so many generations removed from critical thought surrounding monetary policy that skepticism falls primarily against those who question our monetary system instead of the criminals in charge of it.
The truth is, if there were no bailouts, yeah, the last 4 years would have been painful. Turbulent. Rioutous even.
But we would genuinely be recovering by now.
I question that assumption. We have been on an unprecedented 40+ year "experiment". It isn't just that fiat money isn't really anything... it's that all of that fiat money has been loaned into existence. All collateral has been rehypothecated so many times over that the daisy chain of global collapse will be unlike anything we've every wittnessed, I believe. Going back 4 years wouldn't change a thing. All just my opinion, of course.
Assuming everything collapsed (instead of the bank bailouts and ZIRP), things would be recovering by now.
Not assuming there were no bailouts, and everything else continued like nothing happened.
Green Shoots! (in foot)
Lead free primers and bullets. ;-)
Methinks Dudders is a bit too optimistic about the Fed's optimism.
Dudley: what Stolper will become with a promotion.
Mr. Dudley should wax his legs and try out for a cheerleading squad.
Ra ra ra.
I think Dudley also predicted that Apple will add 8-10 new flavors of Ipad in 2014.
For some reason, whenever I order iPad takeout, I am hungry again just an hour or so later. Strange.
these people are criminals of the highest order, they need to be treated as such.
as long as cheap miney flows to him and his goldman cronies, that is all he cares about.
LIAR!
The Fed must be preparing the excuses that blames everyone else for the coming drop. I bet the fear is thick enough you could cut it with a knife. Beheadings are coming, but again, Daddy Bernanke may make the "Hakuna Matata" speech and the algos will spike UP!
Prosperity is always 'just around the corner' with these guys. "Bare with us it's coming we promise". I don't suppose it ever occurs to them that perpetual growth is not necessarily a good thing.
The PONZI high priest has spoken. Please extend your Papal....er.....Ponzi ring so that I may grovel on my knees while kissing it.
Hey CD. How's the new place? Are you adjusting to the new living environment?
Mrs. Cog and I are quickly adapting to the slower "Mountain Time" mentality very nicely. Great people around here who, while showing some caution while interacting with the "city folk", could not be more gracious and welcoming.
To be perfectly honest I suspect the locals don't expect us to last thru the coming winter. If so that just affords us more ways to surrpise and delight them when we do. Both Mrs Cog and I spent most of our childhood in the northern US so heavy snow, bitter cold and bad roads are not new to us.
Mrs. Cog has penned an article detailing some of our experiences during the ongoing transition. I shall be guest posting Mrs Cog's debut here on ZH in a few days or sooner. Stay tuned.
Well good luck. I look forward to Mrs. Cog's article.
Best wishes and good luck to you CD.
Peace and Aloha...
Hey Cog, without being too specific, what area have you moved to?
The Blue Ridge Mountains, high above the clouds.
"Mustard seeds! Green shoots!
Wait...astro-turf...my bad."
Of all the bad human beings running things in DC and Wall Street, Dudley ranks high up there with Rubin and Summers as the most dangerous to the American people (who are not in the 1%). Only thing the guy cares about is protecting the banks.
What is this color? I do not think this color means what you think it means?
id like to see a list of ZH gold price predictions last few years...
So you don't believe in gold manipulation? Please tell me more.
The Consensus emerges in Washington DC. Now The Collective emerges in New York. What comes next is so obvious only the short sellers don't get it.
Did Dudley used to work for Popiel.......and do you get a cap snaffler if you buy one....and thats not all.....
I was too optimistic that the Fed was made of retarded dumbasses.
"Congress failed in a last-ditch effort to reach a deal on student loans. As a result, interest rates on some federal student loans doubled to nearly 7 percent on Monday."
http://finance.yahoo.com/news/doubled-student-loan-rates-mean-205944657....
Debt slavery, bitchez.
Now i'm really fucking confused. I would reach for the booze, But that agitates my gallbladder
Has anyone seen my 10-year yield? It was laying around down here somewhere?
How much money did GS make before and after the release of comments from Dudley?
Fuck you, Dudley.
Dudley, Evans, Bullard, Rosengren and Yellen don't have the US citizen's interest in mind. It's the banks and banksters they serve.
is it really necessary to these guys to open their mouths.
is it really necessary to these guys to open their mouths.
This posting would really have some punch if the Actual Growth & GDP #'s were included.
Zerohedge has 'em, if anyone has 'em!
DUDLEY SEES STRONG MENTAL CASE GROWTH TO PICK UP 'NOTABLY' IN 2014.
Fixed it for you Dud...
To stay keep in tune with the vast majority of the MSM, the headline (or whatever) should have been:
Ha ha, funny stuff.
There was a great one from Lies-man on CNBC today regarding all the behavioral nonsense that goes on with our market.
He actually said in regards to people reducing their electricity consumption...that, "that's the way behavioral economics produces electricity"
What a fucking moron. You could tear that whole piece a new asshole.
Here it is. You have to be one dumb fuck to believe what they believe. (and that it is legitimate and correct, like the whole herd mentality being good and the assumptions that all humans do it)
http://video.cnbc.com/gallery/?play=1&video=3000180063
Glass-Steagall
Dudley pays visits to his masters at Goldman Sachs all the time. Guess who he's really working for?
I got growth as well its the hemeroids in my ass!