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Fed Hints At Reason For QE5: Obamacare

Tyler Durden's picture




 

While excess risk-taking and broken markets likely dominate their thinking, the 'real economic recovery' meme the Fed is using to enable them to 'taper' their excesses. However, investors remain assured that if things get worse once again then the Fed will crank the presses and save the assets. It seems they have found their new excuse - no matter what...

  • *LACKER EXPECTS 'A LOT OF TURMOIL' IN HEALTH CARE INDUSTRY
  • *LACKER SAYS FED WILL BE WATCHING HEALTHCARE CLOSELY IN NEXT FEW YEARS

So, despite admitting asset-bubbles, fears over stock-multiples and excessively easy lending; the Fed will launch QE5 when Obamacare drags the US economy into trouble...

  • LACKER SAYS HEALTHCARE ACT COULD HAVE SUBSTANTIAL ECONOMIC IMPACT, SMALL BUSINESS LOOKING FOR HOW BEST TO HANDLE

But - that's not what Obama said!

 

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Fri, 01/10/2014 - 15:07 | 4320481 walküre
walküre's picture

I miss the 50s. Best times ever - bar none

Fri, 01/10/2014 - 14:44 | 4320384 Rising Sun
Rising Sun's picture

jesus fucking christ - someone in this socialist crowd needs a bullet

Fri, 01/10/2014 - 14:47 | 4320400 chinaboy
chinaboy's picture

They are druged and hooked. Whatever that is the execuse is not imporatnt.

Fri, 01/10/2014 - 14:53 | 4320429 alangreedspank
alangreedspank's picture

WTF is the Fed "watching healthcare" ? If we are to have central banks, go back to your original charter: wait for banks to call you for liquidity, analyze their collateral, and provide liquidity is they're good for it.

No micro-managing, this is getting tediously ridiculous.

Fri, 01/10/2014 - 14:57 | 4320446 denverdolomte
denverdolomte's picture

Great name haha!

So this is from www.federalreserve.gov (hilarious because i thought they weren't a branch of the .gov haha) 

The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. Today, the Federal Reserve's responsibilities fall into four general areas.

  • Conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.
  • Supervising and regulating banks and other important financial institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers.
  • Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets.
  • Providing certain financial services to the U.S. government, U.S. financial institutions, and foreign official institutions, and playing a major role in operating and overseeing the nation's payments systems.

So in their own terms I don't understand how they can be involved in this what so ever. Fuckin jackamo's haven't known what they were doing since 1913 except for the main goal of owning everything.

Fri, 01/10/2014 - 16:35 | 4320788 gilbert
gilbert's picture

that's the key point, the banksters want to own everything.

Fri, 01/10/2014 - 14:53 | 4320432 U4 eee aaa
U4 eee aaa's picture

This guy actually should quit his day job and take up writing comedy

Fri, 01/10/2014 - 15:06 | 4320476 walküre
walküre's picture

QE4 - 19% more Bentleys sold than ever

QE5 - "Obamacare QE" = EVEN MORE BENTLEY SALES

CONGRESS WILL HAVE MULTIPLE MILLIONAIRES AS WELL

NOW DO YOU SEE HOW AND WHY THEY ARE DOING QE?????

IT IS NOT YOUR GOVERNMENT WORKING FOR YOU

IT IS HOSTILE GOVERNMENT WORKING AGAINST YOU ON YOUR OWN TURF

STOP PLAYING, STOP PAYING, STOP PARTICIPATING UNTIL THEY FORCE US ALL INTO THE GULAG

THEN WE CAN REVOLT AND GET ENOUGH MOMENTUM ON OUR SIDE TO CUT OFF THEIR HEADS

Fri, 01/10/2014 - 15:17 | 4320511 negative rates
negative rates's picture

Good luck w/ that, even you are wearing a bag on your head.

Fri, 01/10/2014 - 15:31 | 4320560 walküre
walküre's picture

what does it matter if I put a cute avatar instead of the bag

the revolution will not be televised and thanks to NSA spying, Amerikans will do anything to avoid organising on the internet.

question is how do you take it a step further? how do you organize RESISTANCE in this day and age where your own government is spying on you 24/7 and droning you if you make the wrong move?

can you trust your family, friends or neighbours? if human behaviour throughout history is any indication, the answer would be a resounding - NO

but someone has to make a move, sometime

others will follow. it's always been that way.

no blood or tears = no freedom

Fri, 01/10/2014 - 15:07 | 4320482 Bobbyrib
Bobbyrib's picture

So you push up the costs of healthcare, while decreasing the amount of full time workers and the solution is QE5, which will push up the costs of goods further..

The first thing I thought when I read this headline: http://www.youtube.com/watch?v=1Y3FzVQi-R8

 

 

Fri, 01/10/2014 - 15:13 | 4320484 NOTaREALmerican
NOTaREALmerican's picture

How can ObamaCare "affect" the economy?

ObamaCare takes loot from the peasants and gives it to the Insurance companies.  

The insurance companies don't burn the money, they give it to the management sociopaths.     The money gets spent on higher priced Bling is the only difference. 

Fri, 01/10/2014 - 15:18 | 4320515 roadhazard
roadhazard's picture

So now we've gone from QE infinity to QE5. Make up your mind. I'm surprised Humpty Dumpty didn't blame Obama Care for the bridge closure. He just can't get with the program can he.

Fri, 01/10/2014 - 15:19 | 4320517 22winmag
22winmag's picture

Who needs fiction when you have facts like this?

Fri, 01/10/2014 - 15:27 | 4320550 Nue
Nue's picture

FED Logic: QE is hurt the economy which means the economy needs more QE.

Fri, 01/10/2014 - 19:00 | 4321148 bunnyswanson
bunnyswanson's picture

It is a set up to destroy the US economy - that is right.  These boys are following an equation which is equivalent to an act of financial war, disguised as helping.  Let's hope we live long enough to see justice prevail.

 

quantitative
relating to, measuring, or measured by the quantity of something rather than its quality.

ease
gerund or present participle: easing
make something unpleasant, painful, or intense -  less serious or severe.

https://www.google.com/#q=quantitative+definition
https://www.google.com/#q=easing+definition

Fri, 01/10/2014 - 15:34 | 4320580 Peter Pan
Peter Pan's picture

It's not just that things go from bad to worse that's worrying me, it's more so the fact that government is going from dumb to dumber which in turn ensures a downward spiral in the fate of the American people and nation.

What is it going to take for a real leader to make an appearance?

What is going to take for the people to respond to that leader's call?

I know that the golden opportunity was lost with Ron Paul, but is there no one else now to stand up?

 

Fri, 01/10/2014 - 16:02 | 4320697 denverdolomte
denverdolomte's picture

Honestly I don't know really....I placed this same type of questions a few posts up from this one. If we are staying within the realms of reality or un-reality we now live in I sometimes think the best way to start is from the bottom up. Know your township, city, county, state level people and see if they are doing their "best" to actually progress change. (No not the "hopium and change") 

Most people, civilians, won't want this change because it will most likely crumble everything to unwind it, but with the right leadership the downfall would be quick and painful, but allow us to rebuild and regroup much faster. At least in my opinion.....but your right who is it? You? Me? Our Friends? I wish I could answer that.

Fri, 01/10/2014 - 15:37 | 4320591 topspinslicer
topspinslicer's picture

in that case not to worry the collectivist statist obomba has plenty of tried and true (to fail for sure) voodoo economic ideas that will keep the fed and it's QE's on their toes!

Fri, 01/10/2014 - 15:45 | 4320622 NoWayJose
NoWayJose's picture

You are not only affecting any business that must buy healthcare, but you are also going after the business 'of healthcare' - which is one of the last bastions of middle class employment left in the US.

Fri, 01/10/2014 - 15:50 | 4320649 smacker
smacker's picture

Sum ting vely wong here.

 

The front page says there's 143 comments to this article but when I open it up, there's none visible.

 

 

Edit: immediately after I posted my own comment, all the others showed up. Weird........

Fri, 01/10/2014 - 16:34 | 4320783 jomama
jomama's picture

the problem may lie somewhere between your monitor and your chair.

Sat, 01/11/2014 - 06:31 | 4322337 smacker
smacker's picture

HA-HA. That's very funny. Not.

It is not the first time odd things have happened on ZH. Usually they self correct very quickly. I put it down to transient hiccups with the website scripts.

Fri, 01/10/2014 - 15:59 | 4320670 Jonbutterfly
Jonbutterfly's picture

"We've all been raised on television to believe that one day we'd be millionaires and movie gods and rockstars...but we won't" -Tyler Durden - http://youtu.be/SxwMBjWHJwY (US Debt Problem - 40 Clip Movie Mashup)

Fri, 01/10/2014 - 16:00 | 4320689 Goldbugger
Fri, 01/10/2014 - 16:09 | 4320713 ThisIsBob
ThisIsBob's picture

I can deal with the Military-Industrial complex, but the Capitalist-Health Care comlex owns most most everybody in DC, as it merrily preys on the aged and infirm.  Scarey.

Fri, 01/10/2014 - 16:08 | 4320714 Herdee
Herdee's picture

"Drags the U.S. economy into Trouble"... I got news for that moron,the whole American economy has been in the shitter for years and is no different than Detroit.What planet is this bozo from?

Fri, 01/10/2014 - 16:16 | 4320735 Castillo174
Castillo174's picture

On going saga with QE. I wonder when would we get up to QE 10? 

Fri, 01/10/2014 - 16:34 | 4320785 Sudden Debt
Sudden Debt's picture

America is really the old USSR... but with a oliarghy power strucuture.

How did it ever get this way?

In europe at leadt politicians are scared of the voters.
In America they piss on them and destroy it all the way.

Fri, 01/10/2014 - 19:31 | 4321229 lakecity55
lakecity55's picture

I claim I wuz right. LeechCare (TM) is a Trojan Horse designed to Nuke the US Economy.

That mocha gay blade has struck again.

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