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Fed Extends Closing Time Of First POMO By 15 Minutes

Tyler Durden's picture





 

First, delayed Bill auctions due to "technical glitches"... Now the first POMO of the day delayed by 15 minutes. Is Central Planning proving to be a touch problematic, or is this merely a slight disturbance in the farce?

The good news is that if the Fed screws it up with POMO #1, there is always POMO #2 at 1 pm.

 


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Mon, 12/09/2013 - 12:04 | Link to Comment DavidC
DavidC's picture

Undersubscribed?

DavidC

Mon, 12/09/2013 - 12:09 | Link to Comment idea_hamster
idea_hamster's picture

When one player has all the chips, it takes some time to figure out how everyone’s going to ante up.

Mon, 12/09/2013 - 12:54 | Link to Comment Sofa King Confused
Sofa King Confused's picture

Aww.... To bad, nobody wants to buy the shit your selling.

Mon, 12/09/2013 - 12:46 | Link to Comment Jethro
Jethro's picture

This is exactly what I was wondering.  These banks don't live in a complete vaccuum.  They know that as the US population begins to awaken, there will be demands for pounds of flesh from the banksters.  At some point, they'll have to show that they had plausable deniability to spare their hides.  I expect more instances of these banksters protesting (in the Shakesperean sense) the force feeding from the Treasury/Fed.  Don't show any sympathy.  Demand their heads on a platter.

Mon, 12/09/2013 - 14:00 | Link to Comment The Wisp
The Wisp's picture

Where will we find a big enough Platter to hold all the heads ? :)

Mon, 12/09/2013 - 14:54 | Link to Comment Jethro
Jethro's picture

The former gold vault at Ft. Knox might be a suitable "platter".

Mon, 12/09/2013 - 12:05 | Link to Comment Super Marco
Super Marco's picture

Banks can't keep up with the packaging of derivatives to accomadate the Fed?

Mon, 12/09/2013 - 12:06 | Link to Comment Sudden Debt
Sudden Debt's picture

don't worry, they have a App to do that for them

Mon, 12/09/2013 - 12:09 | Link to Comment Super Marco
Super Marco's picture

Phew! (wipes sweat off forehead)

Mon, 12/09/2013 - 12:05 | Link to Comment Sudden Debt
Sudden Debt's picture

BARTENDER!!!

GIVE THAT CHICK WITH THE BIG BOOBS OVER THERE A ROUND OF POMO FROM ME WILL YA?!!

 

Mon, 12/09/2013 - 12:49 | Link to Comment HardlyZero
HardlyZero's picture

Poor, poor, POMO.   (movie scene)

Mon, 12/09/2013 - 12:07 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Maybe someone started the involuntary 12 step program and crazy glued all the cntrl and p keys on the keyboards.

Mon, 12/09/2013 - 12:07 | Link to Comment falak pema
falak pema's picture

PD penis enhancement for Yellen to be pleasure?

Mon, 12/09/2013 - 12:17 | Link to Comment Rainman
Rainman's picture

In OblameoWorld, only 15 minutes late is exceptionally good.

Mon, 12/09/2013 - 12:08 | Link to Comment q99x2
q99x2's picture

Yellen needed 15 more minutes with the POMO in her orffice.

Mon, 12/09/2013 - 12:09 | Link to Comment frankTHE COIN
frankTHE COIN's picture

Penis Pump......Pomo Pump....what's the difference.

Mon, 12/09/2013 - 13:32 | Link to Comment Satan
Satan's picture

One claims to make your dick bigger, the other makes someone think their dick is bigger.

Mon, 12/09/2013 - 12:09 | Link to Comment Haager
Haager's picture

Delivery should take place by drone today - which failed?

Mon, 12/09/2013 - 12:13 | Link to Comment PaperBear
PaperBear's picture

Meanwhile that other 'bubble' bitcoin has risen from $700 to $900 in 24 hours.

Mon, 12/09/2013 - 12:20 | Link to Comment disabledvet
disabledvet's picture

send in Greenspan. He'll tell everyone what's worthless here.

Mon, 12/09/2013 - 12:20 | Link to Comment White Owl
White Owl's picture

They want to make sure they get the early evening speeches released first:

St. Louis Fed President James Bullard will speak on monetary policy in St. Louis at 6:05 p.m. Eastern, while Dallas Fed President Richard Fisher will speak on the economic outlook in Chicago at 7:15 p.m.

Mon, 12/09/2013 - 12:22 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Anyone watching Nanex right now. The activity will tell you when they've decided on the actual POMO as opposed to the official word.

Mon, 12/09/2013 - 12:33 | Link to Comment yogibear
yogibear's picture

Mrs Debtfire, QEen Yellen,  broke the program. She trying to have the turbo-QE button added.

Mon, 12/09/2013 - 12:34 | Link to Comment So Close
So Close's picture

The Farce is strong in these onese.... until it isn't.

Mon, 12/09/2013 - 12:45 | Link to Comment Implicit simplicit
Implicit simplicit's picture

Some bank HFTs couldn't wait to get their hands on it; they hacked in an accelerant that initially made it go faster than the speed of light for front running purposes. It went through a worm hole and at the other end highly intelligent beings do not understand its value.

SlowMo Pomo

Mon, 12/09/2013 - 12:55 | Link to Comment HardlyZero
HardlyZero's picture

QEen Yellen isn't putting out...so no one is putting up.

When will they announce a round of free drinks on the house ?

Little interest.

Mon, 12/09/2013 - 13:07 | Link to Comment ThisIsBob
ThisIsBob's picture

Why don't they just go Walmart, and stay open 24/7?

Mon, 12/09/2013 - 13:20 | Link to Comment highwaytoserfdom
highwaytoserfdom's picture

Selling  Yellen is certainly smelling.  Limerick contest certainly in order.

 

well Janet is going to be head

of the bankesters we call the FED

The Fiat we trust

is one great big bust

war as the economy is dead  

 

 

Mon, 12/09/2013 - 13:25 | Link to Comment magnetic_silver...
magnetic_silver_ideas's picture

this avatar is bust

Mon, 12/09/2013 - 16:53 | Link to Comment Not Goldman Sachs
Not Goldman Sachs's picture

Unlike the FED, it is lacking transparency.

Mon, 12/09/2013 - 13:26 | Link to Comment magnetic_silver...
magnetic_silver_ideas's picture

We'll take what's behind door #2.....  Everything is okay, they're put a bunch of numbers in their computer databases which everyone thinks is wealth.

 

Mon, 12/09/2013 - 13:43 | Link to Comment sbenard
sbenard's picture

Serious question: Are POMOs always scheduled for the same hour? Are those times EST?

Mon, 12/09/2013 - 15:02 | Link to Comment Nobody For President
Nobody For President's picture

Normally, yeah.

Note 1to Operation Date:"Operations tentatively scheduled to begin around 10:15 AM and close at 11:00 AM unless noted otherwise."

Note 2 to the second operation on double POMO days (as today): "This operation is tentatively scheduled to begin around 1:15 PM and clos at 2:00 PM."

Google 'Tenative Outright Treasury Operation Schedule' for the list - I always have it on the wall, and circle the double POMO days.

Tyler taught me that...

And it is the New York Fed that executes the Bernake put, so yes, it is EST.

Mon, 12/09/2013 - 13:49 | Link to Comment Downtoolong
Downtoolong's picture

This is probably the Fed's idea of showing those front runners what for.

Psych. Oooh, Kevin’s gett’n sassy.

 

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