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Ben Bernanke's Last Press Conference Ever - Live Feed
The taper has begun... but the uber-dovish rate guidance is winning for now. We are sure there will be tears as reporters' emotions spill over at the loss of Main Street's all-knowing oracular savior. Once again, for the benefit of those not paying attention, "QE is for Main Street", "The Fed does not target equity market levels", "Tapering is not tightening", and "Forward guidance is effective." The king is dead, long live the queen...
While you prepare for that.. we wonder what these two are chatting about?
It would seem he has a lot of 'splaining to do...
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Dectaper takes the pressure off last Bernanke/first Yellen Fed meeting in January if data continues to improve.
In a sense, I somewhat missed this. They can't just have this idea to everybody they will print QE4EVA (even thought they will).
They know that people are catching on.
Did he just say we've been experiencing "extraordianary tight fiscal policy, especially during a recovery..." Jesus, Mary, and Joseph!
the party aint over yet but the tune starts to go down.... everyone's about to find out it's not as fun to be drunk when the music stops and the lights are switched on
its everyone's fault, but ben's.
right.
Really, if you are out of work for 3 years you are toast. People might get ANOTHER job eventually, but not at past salary levels
"Bernanke Says Dual Mandate Has Served Fed Well"
What did a loaf of bread cost in 1905?
How many loaves of bread could be purchased with a "dollar"?
OK, fight inflation mandate, epic fucking fail.
Mandate # 2? Employment?
Yea, pull my finger.
This insanity is actually accelerating into the close. I gotta say that I am pretty thoroughly demoralized at this point. I thought eventually the real economy would start to matter, but maybe it never will. Just can't wrap my head around this anymore.
chill lax fella crack open a beer netanyahoo plans are a foot watson.
mossad and the saudi gonna false flag 2 step shuffle busting out some wicked moves again just like old times.
just dance the yahudi.
http://www.youtube.com/watch?v=UMkX5uemLyk
Taper? I think I know what that is. The turd dropping out my asshole tapers before it drops. Problem is the next turd in line is hard as a rock and causes unbearable pain as it shears off the latest hemmoroid. The hyperinflationary bloody shitstorm is not now nor ever gonna be avoided by taper.
Ben n Jerry, the Ayn Rand hairy fairy; i want to be wicked : Vice and Crime in close conclave...
Happy FUCK YOU BEN!