This page has been archived and commenting is disabled.
Tuesday Tragedy: "QE Will Continue Until Morale Improves"
When almost a year ago, we proclaimed the New Normal S&P abbreviation to stand for Stalingrad and Propaganda (or, alternatively, Poorski), little did we know just how far the references to Yosif Vissarionovich would stretch. Today, courtesy of the Fed's Eric Rosengren and the Boston Business Journal, we find just how deep the Marriner Eccles' Politburo fascination with its central planning idol, Iosif Vissarionovich, truly runs.
And we certainly wish we were making this stuff up.
Via the Boston Business Journal:
»
- 16922 reads
- Printer-friendly version
- Send to friend
- advertisements -
See?
Rorschach test to the right? I see QE that is quite scary?
"what may seem like a very long time"
Ah, it's all in our imagination !
"flogging will continue until morale improves"
lmao
Reality + Surreality collide.
Somebody tell them they crushed morale in the first place.
Printing isn't buying.
Let's see...we gots 3 more years of Oblameo. Then 8 more years of Billary. Yup, that does seem like a very long time.
Jeez, shoot me now! Although after 3 years with the horrid ACA the Democrats will have to send the Ghostbusters out to sign up voters. Gonna have to hit 110% turnout in most of their districts to get the ice queen in the oval office.
The actual economy is not behaving like the FED models so we will stay the course until it happens or shit happens.
110%, not a problem - the 6 vote for Obama lady has shown the way.
Jebus; it already seems like a long time to me; but maybe I just worry too much.
"what may seem like a very long time"
Try never!!!
Who's Morale? JPM, WFC, GS? Their morale is already high, they've had perfect trading days all year. Maybe ZH morale. They could always divert 2b of the 85b a month and buy us all zoloft so that our morale improves
Now the excuses are getting really poor - " until morale improves " - Geez that will take forever. What fucking next from these Zombies ?
Great.
Morale hazard in addition to moral hazard.
These folks are brilliant.
There are no morals HH, that is the hazard.
If they wanted to boost morale, they would kill themselves.
Amoral hazard
MOARALES, bitchez
the higher spx goes, the worse morale gets. sheeple know they're the sheep. and the fed only "cares" about the .01%'ers. they'll keep printing until the sheep finally snap and burn the fucker to the ground.
The sheep these days are much too docile for that...
They are still plugged into the matrix, oblivious to the reality that is going on around them. They are too enamored with their gadgets, facebook and the latest network sitcom.
Even sheep stampede.
They'll follow the herd leader with the bell on. I'll graze way out on the fringes.
Or the end of the world, which ever comes first.
If I were a Fed governor, I would quite frankly be worried for my person.
There are an increasing number of respectable (non-tin-foil) voices calling out the Fed. But the Fed's financial repression is the only thing keeping the various, interdependent Ponzi schemes from collapsing. As time passes, the Fed will need to act increasingly strenuously to maintain the status quo, and in response, the respectiable voices implicating the Fed will get louder and more numerous. Eventually something will give, and the Fed will look up and find that the mob sees it as an obvious scapegoat.
I would not want to be affiliated with Fed or its theories when reality crashes into the seething mob.
"If I were a Fed governor, I would quite frankly be worried for my person"
Have you been watching the movie ASSAULT ON WALL STREET on Netflix?
Great movie for anyone interested in a independent film on revenge/payback
True. The last time they pulled one like these it cost the lives of 6 million tribesmen.
Just the cost of doing business my friend...
Hence the reason for the incestuous relationship between bankers and govt. They need the NSA spying on everyone, the IRS extorting everyone, and the DHS stockpiling billions of rounds of ammo to make sure the sheeple stay caged. It's why govt continues to expand exponentially every year. They are the bought and paid for security for the elites. The mob will never revolt until they are starving, and we are a long way from that... probably decades. Not to mention that the entire govt security system is being built to insure one thing... to prevent the sheeple from starving... while at the same time taking everything else from them with the guise that they are "protecting" them. It's the perfect system... for sociopaths.
Nice theory, except that they are already talking about lowering food aid aka SNAP. They'll be hungry and marching on City Hall. Well at least until the batteries run out on their mobility scooters and they have to actually walk.
Yeah, I saw the notice in Walmart yesterday saying SNAP payments would be reduced. But that won't last and will be rolled back during the next budget/debt farce "for the children". Bank on it. It's all baseline budgeting. There will never be real cuts. No one will ever starve with a safety net that encompasses 47% of the sheeple. Hell, amnesty for illegals is coming so we can even enlarge the safety net even more. That's all the marching on city hall will be... more marching by the FSA. Real change will be by taxpayers pushing guillotines and that is a long way off.
Illegals are already entitled to SNAP.
Well, you said it buddy. everybody was thinking it, but you said it. What a fine kettle of fish this is.
Morale? HAHAHAHAHAHAHAHAHAHAHAHAHA
Cuz it has worked so well in Japan! /sarc
QE with continue until morals improve.
BOHICA
pods
Life imitates Mad Magazine.
.
Then we should be watching the margins for interesting goings-on.
Theft from savers continues.
Only if you're saving currency.
Save PM's and ammo.
It will only continue until the BRICs say FUCK YOU!
http://www.hark.com/clips/zvvcgsklxn-usage-of-the-f-word
Much obliged.
In addition to it's many wonderful uses -this could have been George Carlin in the narration the classical music adds a nice touch.
. . a douche says "what"
Dark sadistic humor from the Fed. They very well know the phrase "The beatings will continue until morale improves", so for them to write this means they know you are being screwed.
It's actually worse then that. It means not only do they know they are screwing you, but to publically say it, means they enjoy screwing you. There is no "humor" involved. Only pure sadistic evil on a scope that proves they believe they are now untouchable. They are your masters, and you are their slaves, and that's how they like it. Just more clear evidence that the world is run by sociopaths. This will not end well.
You are both incorrect. It was the REPORTER who said it, interpreting what the FED governor said.
"QE Will Continue Until Morale Improves"
Or until the masses are impoverished by a currency crisis.
Have at it Yellen and the 12 Fed stooges.
This couldn't be a more clearer message for countries and US citizens to dump the ponzi scheme fiat currency called Federal Reserve notes.
Wonder what internoodle site he goes to cuz Morale is fucking stong on The Hedge!
Over.
This all reminds me of de Bono who said a few years ago that the recession was up to 50% psycholgical.
Get ready for Obama to announce a Ministry of Happiness.
Peter Pan...perhaps Obozo will declare a war on depression?
Next up will be, "We had to destroy the economy to save it."
Jesus fucking christ on a cracker...
Dat be razzizt muthafuckah
#fortresspaper
“I speak severely to my boy, I beat him when he sneezes; For he can thoroughly enjoy The pepper when he pleases!"
--The duchess in Alice in Wonderland...
some things never change ....
The economic beatings will continue until morale improves.
Your comment reminds me of the two Jewish guys in a synagogue.
Mosche complains about his wife not working.
Schlomo complains about his tight shoes.
Mosche then complains about his son failing his university exams.
Schlomo complains about his tight shoes again
Mosche complains about his mother in law needing a hip replacement which he will have to pay for.
Schlomo complains about his tight shoes again.
Mosche turns and asks.....Schlomo why do you wear those shoes if they are so tight?
Schlomo replies.....because when I take them off it feels like heaven.
So yes, keep the beatngs up....it's bound to work....
You mean the economic beating will continue when there "morale" improves, which translates into us either being in a FEMA camp or already dead. Fixed it!
The FED is having a Captain Queeg moment...
This is sick. And much more sick than what the communists of Ostblock were doing and expecting in their famous days. These Fed guys do they really believe that shit they talk about? These are crazy days, and thinking about the denial of elits on burning Fukushima or unlimited monetary expansion and debt forming I tend to believe we are past the better times of our lives. Fuck.
There is no mercy for these lying fuck heads!
Lets see if the Morale is Improving.
FUCK YOU
Hows that for morale?
I'm really trying here.
+100. "i'm really trying here." he he heeee
Just import a few more Mexicans with the name Morales.....that should help morale.
Look at the bright side. Look at all the demand jobs they will create in the health care industry.
why not....the FETID FED can no longer use quantitative logic to support their actions!
Their quantitative logic is infinite. There is no limit in digging of tons of statistical data they have, they are paid for it to make things up!
They are truly scraping the bottom of the barrow with this excuse.
"We will fight and fight until the last saver is dead!"
Or "we will beat them until they or we are all DEAD because that's what our models call for"
Keyrist! Sure, keep pumping, nothing bad can happen, right? It's not like your creating a monstrous stock bubble or anything, right? The market keeps going up while the economy is stagnant and these idiots think they are helping. Ugh...
My morale will improve tremendously when I wake up some morning and read on ZH that DC, NY, and LA ( and now Boston) have been turned into steaming glass.
Of course an Obama heart attack would cheer me up too, but only if fatal.
Translation: Giving money to the already wealthy(ier) will continue till the poor(er) die off.
I am sure someone will not be very happy with such a radical idea, but the real question will be, what are they going to do about it.
We will see ...
Sit back, collect their paycheck, and watch.
The survival instinct of the species counteracts this. Instead you'll see the poor become harder, live shorter lives, make more babies & THAT is the ideal for the super-elites. That makes more slaves who are more compliant & also more useful as brute-force tools.
Once they are all ready to be slaves for life they will be chosen. The stronger slaves will be police, and they will beat the other slaves.
This will create a 1000 year domination of the species by the elites.
Then pretty much their fuckups like Fukushima will end it all.
Rosengren...just look at this douche bag's life arc...academic economist pinhead 28 years at the Fed. Never worked a day in his worthless life...he has "written extensively".
It's why they can't accept what's happening. According to their economic models the ecoinomy should be creating loads of well paying jobs. It's why they'll keep doing what they have been doing. And probably a lot more of QE.
And the definition of insanity is ...
Well they better up and fetch morale off the shit wagon because the only morality left is about to become a carbon tax.
Comrade, don't look so glum.
Drink my friend, drink. The vodka is good for your soul.
And now, a friendly game of Russian Roulette. You first, Comrade.
Yes, with a semi auto, one live and one in the magazine. JIC we miss.
Just keep doing the only thing they've done: it's the best and only plan they have, results be damned.
What? No taper?
Of course not. It's ever more amounts of drugs and booze until the patient dies.
Thank you sir! May I have another!
QE will continue until positive correlation between prosperity of the moneyed classes and disenfranchisement of the proletariat is rendered as nullified by culminating into a neo-revolutionary tribunal, which will thusly impact the morale "positively".
No big surprise. The governments of the world wants the US to continue printing. The more we print, the more they can print.
The rich stay rich while the poor get poorer.
They've gotten so desperate that they're no longer even mentioning numbers in their targets but rather subjective moods. If anyone thinks this printing comes to an end as a result of their decision to end it they are delusional.
That's why they flip-flop. These pure academics are panicking. Transferring more wealth to the 10% and impoverishing the 90%.
"Morale improves" is incredibly subjective. It's basically code for, "We will never stop printing. Ever."
My morale will improve when somebody shoots these bastards
We are all tetris pieces now. "At last"
OFF TOPIC *** GOOGLE GOT HACKED ? It's down for me
igoogle was shut down. Google headline news is now my homepage and is working.
Is that Yellen in her Easter Bonnet?
The heads of the banksters prominently displayed on a pikes outside the Fed would boost my morale quite a bit.
Ha. That means the buying will continue forever.
I'm doing the same with my quantitative silver policy.
And me with my QE freeze dried food. And the water to match!
http://s21.postimg.org/patvi130n/dialogue.jpg
Cute headline, butj ust a little off the mark.........QE will continue until enough media influenced sheep, with wealth no less, have finally ventured into the various asset arenas, at which time the "pros" will detonate the bubble, making themselves really whole for the first time since 2008 and in effect saddling the poor victims with the former groups 2008 losses. And yes, I know this is happening because I personnally know some of those who have recently put six figure amounts into equities. Sad, because I believe they will be some of the last through the door before the rug is pulled out from underneath the lot of them, which in fact happened to my brother in 2001.
Morale might improve immediately upon seeing some criminal banksters dangle from a length of rope.
FedFUBAR.
Might improve? You could count on it!
QE to infinity... tapering, debt repayment is not an option.
"The spiraling debt of the Federal Government to "Federal" Reserve, is due to repeated quantitative easing policies, i.e. primarily "printing" new money, supposedly made to stimulate the economy. Instead, however, the money went solely to bailout biggest banks, some of which participate in the "Federal" Reserve! Which means that, money returned to the banks through a circle, while uploaded US government with more debt, which will be passed on to future generations! Unanswered questions remain also, about the case on the basis of which, the "Federal" Reserve secretly supplied through the "back door" with more than $ 9 trillion, various financial institutions with questionable balance sheets during the financial crisis in the US. Nobody seems to deal with this issue today"
http://failedevolution.blogspot.gr/2013/10/new-deal-vs-obamacare-one-rea...
go long soup kitchens
I shall continue to eat more chocolate until you get fat.
why the fuck do we need to pay taxes then? just print the whole motherfucker.
A nasty sick twisted bunch of whores who are very shallow, lacking humility!
To hold your hand up and admit fucking up is a man thing.
Obama, Dimon, Bernanke and the rest of the motley crew are unworthy to serve.
The day can't come soon enough that the shit above and their agent provocateurs are brought to justice for crimes against mankind.
Cowardly weasels who cling to power at Any cost.
FUCK THEM ALL
FACE PALM!!!!
Fucking scum bags
Fedophilia.
According to Macquarie Research:
https://app.box.com/s/j0desfvkuqh6bitsvhuz
Could the Fed flip flop?
“Enlargement” could become the new “tapering”
- Our view that tapering will commence in March 2014 has become the consensus and continues to be our base case (50% chance). We place a lower probability (15%) on an earlier taper (Dec/Jan) and a higher probability (25%) it occurs later (April to Sept). While incremental delays could impact near-term asset class performance these would only provide temporary respite from longer-term trends established when expectations for tapering began in early 2013.
- One outcome (to which we assign our final 10% probability) that would result in a more dramatic shift would be a 180 degree turn or flip flop in Fed communication that caused investor anticipation to move from “taper” to “enlargement”. The potential for such a shift is barely being acknowledged (no less considered!), by consensus. This is all the more reason to give it attention in our view. Such a flip flop would have important implications for asset market returns. In particular, it would likely lead to outperformance from emerging market equities and precious metals. Treasury bonds would also benefit.
The Fed would need to doubt the recovery’s sustainability
- Incoming data are an obvious catalyst for a Fed flip flop. The labour market has softened recently (Fig 8, 9), housing momentum has slowed (Fig 10, 11) and inflation is well below target (Fig 12, 13). Despite downgrades in its forecasts (Fig 14), the FOMC remains above consensus (Fig 15). While this evidence may be enough to delay tapering, modest downgrades or data misses likely won’t be enough to change the Fed’s tapering narrative.
- In our view, for such a flip flop to take place, members must become more pessimistic about the recovery’s sustainability. What might cause this? The combination of continued soft data alongside greater than expected fiscal tightening in 2014 is one possibility. It was the worry about the impact from the fiscal cliff, after all, that contributed to the QE3 launch decision in 2013.
And the Tea Party could provide the catalyst
- Consensus expects the Tea Party and other Republicans to take a less hardline approach towards negotiations in 1Q14 after they were punished in public opinion polls as a result of the shutdown. Such a near-term detente in Washington will only become likely should President Obama make concessions. Should this occur, the President may be more willing to sacrifice on near-term spending rather than changes to Obamacare (his legacy) or long-term entitlement programs (resistance from his own party) (see pgs 3 to 5).
- The magnitude required to impact the 2014 growth outlook is not high. Annual spending cuts offsetting just one-third of the long-term debt impact from Obamacare would act as an incremental ~0.4% headwind to growth in 2014 (combined with sequestration already embedded in current law, this would mean fiscal drag of ~0.5 to 1.0% for much of the year) (Fig 7).
The Smoker You Drink - The Player You Get
Moar ale.. people..