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Markets "Taper" On Fed's Rosengren Warnings On QE Costs To Financial Stabillity
Overnight weakness from China's 'taper talk' has been exaggerated this morning as Fed's Rosengren, speaking on CNBC, warned that while inflation was not a problem, the costs of QE were a potential problem and risk to financial stability.
- *ROSENGREN SAYS FED MUST BE ATTENTIVE TO POSSIBLE QE COSTS
- *ROSENGREN SAYS `WE'RE IN UNUSUAL TIMES' WITH FED POLICY
This somewhat hawkish tone sent the USD higher in a hurry, Treasury yields higher and US equities lower as the 'market' reacts to every headline once again.
Charts: Bloomberg
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Kevin on coffee break?
when S&P recouples with reality at 700s, then we can talk about free marketz.
Sorry, we can't afford financial stability. So, were doing the unstable version on layaway instead.
unaffordable is the only affordable in da new normal; e.g. [un]ACA.
sheeple keepin' their mugs in gov mangerz; does McD's accept EBT¿¿¿
like moths to a lightbulb is today's media, today's markets, reaction to the parade of fools.
I'll say it again.. THE CRASH IS HERE YOU MOOKS!
The Fed KNOWS they must taper soon but can't come right out and say it cause it caused such a tantrum before.
So they leak it out unofficially.
EURUSD and 10 year treasuries are hanging on the edge of an abyss. At least they at risk of losing all their recent gains and it could be in a hurry.
Here ya go on that issue:
http://2.bp.blogspot.com/-7K9CWap6Mrg/UnLozMcf6NI/AAAAAAAAW-k/B-A2cNOF_6...
That chart is from: http://danericselliottwaves.blogspot.com/
Gold Catalyst: COMEX Deliverable Gold Falls to 658,443 Ounces, Claims Per Deliverable Ounce at 55
Jesse reports the COMEX deliverable Gold inventory which goes on fumes now. Maybe this will be the Catalyst Jim Puplava is looking for the Gold? The Game of Musical Chairs in the Gold Fractional Reserve System is getting more dangerous for its participants by the day now. As ZeroHedge has put it with the chart above: "when it comes to physical gold and China's appetite for it, one word explains it best:unstoppable." http://sufiy.blogspot.co.uk/2013/11/gold-catalyst-comex-deliverable-gold.html#
Jim Willie
Jim Sinclair
Jim Rogers
Jim Puplava
Too many Jim's. Somethings up.
Jim Ignatowsky.
There is a man that makes sense.
And ... gold is down again today. Makes perfect sense (in a crazy world).
Paper Gold is dead Jim !!!
Looks like he...hit the tree Jim!
http://www.youtube.com/watch?v=iJNfMqEK7VI
Jim Rickards
Jim O'Neill
Jim Grant
Jim Turk (stretching it)!
Spooky.
I'm short the miners now Fonz, you'd think that would be enough to trigger a rally.
More toothless talk from the Fedheads. Everyone knows there's no such things as hawks or vigilantes, or even solvent short-sellers any more. Just ask Tesla 'investors'.
What about the cost of financial fraud on "market"/financial stability?
Don't overthink this folks.
You are here--> when fraud is the status quo, possession is the law.
"What about the cost of financial fraud on "market"/financial stability?"
and financial fraud IS what is going on here.
The Fed's goal is to destroy the dollar and facilitate the collapse of America and insitute a world currency and the NWO. They will not stop until that occurs. Homeland Security is well equipped and well-armed for the war on America. Fema camps are ready. -it's part of the Master Plan for a totalitarian police State. They already have total control, but they know that when the collapse occurs, brute force is the only way to keep their control. Another 911 false flag type operation is certainly part of the plan. This is no conspiracy -it's a plan which is clearly being carried out. It's obvious to anyone who has been following events. Rosengren speaks the truth but he is and will always be a minority on the Fed.
Posing and bluffing-that's all they've got. Reality? print and die later or stop and die soon.
"that while inflation was not a problem"
... obviously this guy has never stepped a foot in a grocery store or filled up his own gas tank ... fucking scumbags ...
I paid a dollar a wing at BW3's last night.
>> or filled up his own gas tank ..
What are you talking about? It costs me less than $150 to fill my truck up.
yeah ... but was it empty before you went to the gas station? ;-)
Will the sheeple ever catch on to Fed statements like this are merely crying wolf, with the only purpose being trying to convince the idiots that there are voices of reason in the Fed?
for the "markets" to flinch over and over and over again in response to an uppercut that will never come is becoming comical in its predictibility and its gullible reception.
Now roll out the next Fed dude for damage control after Rosengren's mental lapse.
fed knows it must throw a bone to stopping Qe, or else the whole play has no plot or dialogue, just know they cannot make the nut on all the debt bonds without printing , it's math and it cannot be changed without default. hedge as you will, but betting on the FED protecting the buying power of the FRN would go against Fed policy since 1913.
After the news: markets green across the board.
BTFATH (no more dips)
How DARE he! I'm seeing even MORE of that "unfamiliar shade of green" that is so akin to crimson!
Watch the talent, scientist and innovation leave the US once Yellen and her 12 stooges crash the US dollar.
Consequences for giving short-term gains to Wall Street and the banksters.
Zimbabwe or bust has it's Consequences.
It’s a win win for PMs either way... No taper inflation rages...taper ON exposes the Government's solvency issues...therefore, keep stacking....
*ROSENGREN SAYS `WE'RE IN UNUSUAL TIMES' WITH FED POLICY
Translation: We don't have a clue...
They can't taper right before the Christmas selling season. That would really mess things up for prime retailer selling season.
I'll be blunt. We have been had. We continue to be had.
If you go back 15 years or so and look at the rate of quarterly year over year profit growth as reported by the BEA, it would become clear that we are in a recession.
Only this recession is being hidden in plain view for three main reasons:
We have allowed the language we used to be hijacked by the left to such a degree that we cannot talk about profit growth without being labeled greedy.
The Fed's injection of funds via quantitatitve easing have artificially kept employment numbers higher than they otherwise would be.
The expansion of social programs have masked the real disasters underway in American society.
The hole we are in gets deeper every day, and we have not even started looking for a real way out.
Look at the data yourself. It's less than bleak.
Language is all about control, period.
At the end of the day, the laws of Nature and physics have the final say and while credit and money can be created out of thin air with the click of a button, the calories (energy) and commodities required to actually create something of real value cannot.
Hedge accordingly.
Control the language, control the arguments, cotrol the masses.
taper tapir or no taper... when the obamacare freight train hits the economy like a freight train hitting a yugo.... things will get REAL
*YELLEN SAYS NO
More jaw-boning. That and QE is all they have left {besides swaps}. Every once in awhile, they will trot out a member of the tribe who will act like a desperate jumper on a twenty story ledge {who just happens to have his shoes nailed to said ledge}.
Welcome to the Taper Game, where contestants compete to see who can lose the most money in the stock market while FED members jack the market up and down with taper/no taper announcements.
Bernanke, Yellen and the 12 fed stooges are afraid to taper and can't. They'll just keep talking while pushing more QE.
They'll QE until the system overdoses and the bubble is huge.
Okay.Everyone keeps using the heroin analogy,getting a bigger and bigger syringe full for a smaller effect as the body develops a reaction,or desensitivity.And then we talk about tapering or going cold turkey,but "without crashing the markets" (where?).
They cannot trust the traders to a) not gamble with the free money (bubble), b) bet against the gov't position,and c) crash the bubble (again while betting against the herd).
Here's a thought.PUT SOME PEOPLE IN PRISON FOR FRAUD FOR LONG COMPULSORY SENTENCES,NO FINES OR PLEA BARGAINS.
Just thinking out loud.Some commentators have guessed one-third dead in six months if a new '29 style crash happens.Got that about right.