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The Fed & 2013's Wall Of Worry
While we are sure there are considerably more major events that deserved "worry" status in 2013, the following 10 'crises', as LPL Financial notes, represent the tempests-in-a-teapot that sum up the wall of worry in 2013. Of course, for your convenience, we provide a hint at what 'calmed' the anxiety as anyone fearful was instantly water-boarded by a pipe of Central bank liquidity the likes of which has never been seen...
Chart: Bloomberg
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thank the grandkids for the loan
Its not secured .. so will be written off! Borrow and spend now while you have the chance.
Grandkids? WE should NOW start building a huge guillotine and put it before every major central bank building. These guys are to blame for the current mess... We owe it to the next generations.
in a country that kills them before they have a shot, I highly doubt they'll get anything 'owed' to them by the current 'boomers'
Perhaps they can give the mayor of Detroit a call and ask for some ideas on how to get out of the payments.
Someone is going to have to do some pretty hard convincing to make me believe the Fed worries about anything except Wall Street.
Wall of delusion.
"Wall of worry" is a euphemism for manipulation against fundamental reality.
Fuck off Fed.
100 years of the Fed banking cartel on December 23rd. But it's been going on a lot longer than that.
No bubble here
Gartman is calling for higher rates, higher stock market (especially the banks on the increasingly positive yield curve) , lower oil.... Dems / reps going to ease on the Sequester for Jan.
It's Goldilocks again my friend. All is well ... the Fed is a collective of geniuses.
Everybody is now bullish. Only ZH is not singing the tune. No need for PMs, trust and growth is back.
Buy the bad news in print. What, are you new Tyler?
peace Out Douche club
hey ty, you should have gone with something like, "the last 10 times this happened...", for a title. then the chart would make sense to this audience.
Yea, cause this place is pretty green as it is, judging by your logic.
Wow Teddy Turdpole obviously got brain damage from those big dicks slamming into his mouth down at the local gay glory hole.
The 'Tenpole' refers to the number sticking up his a$$. The question teddy has to answer is whether they're telephone poles or tent poles.
Awe, come on guys -- you can bash better than that, can't you? Like um, "hey Teddy, your Ma wears army boots". This is Douche Club, let's fight :)
haha, the last 10 times there was bad news it didn't end well...
o.k., how about using, "monkeyhammered", in a sentance?
Peace Out Douche Twins (you know, Douche Twins -- like those ones with wonder twin power...)
You're proof that you parents are epic failures Teddy Turdpole
Form of silicone, shape of a penis, wonder twin powers activate!
The Sum of All Fears
Sunkids feat Chance - Rise Up
http://www.youtube.com/watch?v=1duEPM6PnZc
Just goes to show you we are in early stages of the next bull phase. S&P 2500 before we have that next big correction. Mid 2015 before this bull market is over..
I was taught that inflation is too many dollars chasing too few goods but 5 years on now we continue to see too many dollars chasing only channel stuffing inventories at record highs.
Now, the prices of those things which are rare, like junk art, Apple products and trucks endorsed by a fictional newscaster have soared, along with stocks, corporate profits and personal liberty, but I went to Wendy's for the first time in like 5 years and the cheeseburger I bought for $4 (1/2 price coupon in hand) was a joke when I'm surrounded by fantastic All-You-Eat's for about $6.99.
Of course, Wendy's advertises and so does the Fed. The hamburger looks nothing like the ad and neither does what the Fed peddles so the only thing that makes sense to me is that somehow it's all a bluff. The Fed advertises $85 billion a month, and we have no choice but to believe. The Fed isn't Government Enron, is it? They wouldn't lie believing that it's a small sin when it benefits humanity, would they?
What I believe in in laws. Laws like the diminishing returns and economic life cycles. So I'm haunted with a disbelief that the same amount of supposed purchases could be made for years on end with exactly the same results, that a halving of the Federal deficit with the same amount of supposed purchases would result in only a fractional increase in the yield. In other words, with only half the bonds/goods on offer and the amount of money chasing it unchanged, deflation, creates only a bond yield that remains static. It defies every law, every principal I was taught, unless, the amount of collusion and deceit and advertising required to sell a $2 hamburger for $4 is at play and frankly, I for one can't stomach it.
#no lie lives forever -Dr. MLK
it's time to start thinking way outside the box...eliminating thinking such as "what should happen"...it's time to start thinking about what "is" happening and what is possible, probable, and not what is logical.
Stocks in a crack up boom while bonds continue mulling about as if we're in a depression...metals acting as if we're in a depression even though dollar remains weak and demand remains high, supply constrained...
I truly believe there is a strong likelihood silver is going back to $10. Not based on fundamentals or lack of demand or oversupply...then uUnder what circumstance is this possible/probable? Will silver be nationalized? Will silver be turned into some state run utility? Mining turned into some state run non-profit "for the good of the people"? I don't know but time to look at all the levers and rules that can be broken in a non-free market world it seems we are entering. Time to avoid looking in mirrors because everything is now simply bout following trends and algo chasing charts. Because silver most of all should be bullish and is decidedly not...time to review some paradigms. This is not at all what I want nor what I think should happen...but simply what I believe looks ever more likely @ to my own demise.
Sammy? That you?
Wall of QE! Not wall of worry.
Wall of QE! Not wall of worry.
this could move 20% down next month and still be at 2500 in 2 years
Actually the only thing people have been waterboarded by is a phony ES futures market that drags the stock market higher day after day... Except for the occasional 'pullback' designed to give the impression it's all real.