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Fed's Chuck Evans Loses It
You really can't make this stuff up:
- EVANS: FED NEEDS TO BE CLEAR RATES WILL BE LOW FOR LONG TIME (ok)
- EVANS SAYS 'WE NEED TO LET THE MARKET WORK' (umm, well...)
- EVANS SAYS FED WANTS TO SEE LOWER LONG-TERM INTEREST RATES (but... you just said)
- EVANS:HIGHER LONG-TERM RATES FOR RIGHT REASON IN 'OUR' INTEREST (wait, what?)
Did Charlie blow a fuse? Because he just said that the Fed will hold rates low, wants long-term rates low, but also wants to let the markets work, and wants inflation to raise long-term rates... Forward-guidance just lost another few points of credibility.
Some questions here:
- Who is "our"?
- If higher rates are in our interest, then why is the Fed holding rates low and "wanting see long-term rates low"?
- If we need to let the market work then why is the Fed still buying well over 100% of MBS issuance and virtually all TSY long duration issuance as well as supporting equity valuations?
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And you thought Greenface was confusing.
Its just the Meth talking
Yo!
The growths which are identified as hemorrhoids in normal people are actually the brains in Keynsians.
We'll put this one in the file marked-
"You have got to be kidding me"
And or............
Chuck Evans goes Full Retard.
uh...
http://www.youtube.com/watch?v=d8qJwnyaViM
...yeah
Quantum brain, multiple states at once.
Evans and the Fed went full retard a long time ago. Now, they’ve just stopped pretending… ;-)
Looney
Why there's something for everyone in those statements!
Making it up as they go
I think he just said we can all kiss his ass
Nothing makes any sense any more, so in the new world, this makes total sense.
In the new world, it is perfectly normal to just talk without listening to what you spoke in the last sentence. You just babble things you think people want to hear and hope the algos are focusing on the correct terms.
21st Century Schizoid Man (King Crimson)
Livin' it.
But from one sentence to the next?
To a Keynesian, this all makes perfect sense.
They just have to sacrifice a few children for the equation to balance.
More like generations rather than a few kids.
This should be good for another 50 points in SPY
sp. Keynesians.. but you know what's on their mind.
Bubbles and Your Kids
http://patrick.net/forum/?p=1238827
EVANS: FED NEEDS TO BE CLEAR RATES WILL BE LOW FOR LONG TIME (ok)
We fuk you wong time.
EVANS: FED NEEDS TO BE CLEAR THAT HIGH RATES WILL BE VERY LOW FOR THE SHORT TERM EXTENDED WELL INTO THE FUTURE AS DETERMINED BY THE FED-CONTROLLED MARKET
when all else fails, baffle em with bullshit
They've succeeded at mis-pricing asset markets!
Or bath salts
The appearance of the law must be upheld, Especially when it's being broken
Has there been a remake of "Groundhog Day?".
I think his first comment "rates will be low for a long time" refers to the short rate (Fed Funds)
REminds me of another Hemorrhage (hemorrhoid?) of truth from Greenspan:
"IF WORKERS ARE MORE INSECURE, THAT'S VERY HEALTHY FOR THE SOCIETY, BECAUSE IF WORKERS ARE MORE INSECURE THEY WON'T ASK FOR WAGES, THEY WON'T GO ON STRIKE, THEY WON'T CALL FOR BENEFITS.... AND THAT'S VERY HEALTHY FOR CORPORATIONS"
Maybe its because I don't have a PhD.
i think its the lack of "overconfidence".
In the end, not being on that list might be in your advantage.
whats the Over/Under for these fucks to start jumping?
I don't see them jumping. That would mean they have remorse and compassion which they don't.
If they start locking them up then that would be another story, but for now no conscience and no fear.
much more likely to comitt suicide by shooting themselves in the head with a nail gun 9 or 10 times
They don't jump. They do, however, retire.
When you start hearing "they want to spend more time with their family", you'll know that big event isn't far away.
Because animal spirits!
It's so far beyond "You can't make this shit up", I don't know what to call it.
How about: "You can't fabricate this shit up".
. .
0
I think he think's he Bob Evans, down on the farm
But.... but...deflation.......Stock valuations would go down. That is heresy!!!!!
Wires get short circuited all the time when the Income Redistributionists discover there ain't no cheese to slice and when the 'other guy' is tapped out!
"IT's Putin's fault!"
QEeen Yellen, Charles Evans and William Dudley have set forth a strong path to destroy the US dollar. When the rest of the world is selling US dollars they will be creating/printing money to buy up the $12 trillion or more in currency.
The destruction of the US dollar is the only thing that stops they twisted Keynesian maniacs.
"The destruction of the US dollar is the only thing that stops they twisted Keynesian maniacs."
Well no. They will just transition to the IMF S(e)D(e)R.
"Yes sir, the dollar is worthless and your mortgage, student loans and credit cards were denominated in dollars. But now you owe us in S(e)D(e)Rs. Please send all remittances payable to the IMF, BIS or BOI. Thank you and have a fiat day."
So, what's the projected end game is the destruction of the dollar is their intent?
It is always about money and power. More or keep money, and more and keep control. They don't want to destroy the dollar, they have to so as to remain in control and in the money.
They know as well as most of us that the dollar is toast. That in dollar dominated lands a massive price inflation will destroy the value of their counterfeit debt. To forestall this, they are going to transition things to the S(e)D(e)R so that the people's debts will be owed in dollars AND SDRs.
The American people will then find that one day a loaf of bread might cost $100,000. That same $100,000 might also be used to pay off one's mortgage. However the banksters will say, "Not so fast, we want SDRs not dollars." That debtor might then find that it will cost 100,000 loafs of bread to payoff said mortgage in SDRs.
"I put on Roddy Piper glasses, and the world has never looked the same since."
-
How are high frequency bots going to decipher that?
Like this
That made my head hurt.
@LetsGetPhysical
"Baffle 'em with Bullshit" is supposed to have that effect.
Chuck loses it. So fucking what. It's all a show.
China defaults, war is breaking out in Ukraine, US macros are pathetic, Europe's are even worse, Japan is a pile of shit and the S&Ps are down 5.
Oh and if you want a burrito from a company with a market cap of $20 BILLION FUCKING DOLLARS, go to Chipotle.
So fuck Chuck, you rants are fake and worthless.
Or you could "Like" Chipotle on a company that does absolutely nothing and is worth 182 billion dollars. At least Shipotle gives you something tangible. Fakebook gives advertisers basically a 90% fake "Like" rate. Don't forget instascam and whassssapp, a $19 billion app that will be obsolete in 2-3 years, and if not obsolete could have been written for 200 million.
HOW DOES THE FED ASSURE LOW INTEREST RATES AND LET THE MARKET WORK? HYPOCRISY! DID I SPELL IT RIGHT?
Hang all of them. Satan will know which ones are his. Start with Chuck "we're fucked" Evans.
After Chuck and the rest destroy the currency people would pay-per-view to see the event.
Chuck is one of the most arrogant of the Fed heads.
FED minuites = retard watching chocolate soft serve ice cream be served and writes report on it.
My teechurs alwayz yoused 'ta say dat I kneaded moar 4ward guidunce!
Is anyone in the slightest bit aware that bond markets set interest rates?
"Bond Markets" Who is that?! An assistant to Yellen maybe?!
"The name is 'Markets. Bond Markets.'"
"We finally meet at last, Mr. Bond Markets. Would you like a shmoke and a pancake?"
Janet Yellen: "I am the markets you little bastards!!!"
Nope ....Janet the hottie sets 'em!
Sounds like he picked a bad week to quit sniffing ink.
It's not the weather this time. He definetly has a vibrator in his ass. And, yes, it's on max speed.... Those folks at the Fed are sick MFs...
In Art Cashin's comments today to explain the great plague:
"But like lots of well-intentioned governmental/academic ideas it was somewhat wide
of the mark...and had unexpected consequences. The cause was fleas alright but not
dog fleas…..it was rat fleas. And in the 1300's what was the most effective way to
hold down the rat population…..you guessed it - dogs. So by suggesting that
townsfolk kill their dogs, the wise authorities had unwittingly allowed the rat
population to flourish and thus a new vicious rash of Black Plague began. Before it
was over, three years later, nearly 1 out of 3 people in the world had died of the
plague. "
http://financialservicesinc.ubs.com/staticfiles/faw/adobe/all/cashin_com...
This is exactly what the Feds are doing with their monetary games. By trying to fix debt with more debt, they are killing the dogs instead of the rats!
"But like lots of well-intentioned governmental/academic ideas..."
In the history of the world there has never and there will never be a ""well-intentioned governmental idea."
"Government, being a criminal syndicate always accomplishes the opposite of the stated goal. Always."
POS fed fuck, pretending to have our best interests at heart, needs to be tortured then hung from a tree
Its all good. I love life... Batrender, I'll have another B&B
the fed is managing deflation, once everyone catches onto that the real trouble begins. the real issue for them is to juggle housing asset values long enough that the MBS they are holding won't collapse their balance sheet. the illusion that wall street can go higher is based on the connundrum, asset values are really a lot lower than the myth to market values, and hence the paper has strong relative value to real assets. as soon as you buy something (car home boat airplane) you're stuck with a deflating asset, so corporations prefer to sit on cash. the service industry does just fine, while your asset is deflating you must pay inflated maintenance fees.
"EVANS: FED NEEDS TO BE CLEAR RATES WILL BE LOW FOR LONG TIME"
Translation: FED needs to be clear economy will be poor for long time.
Chuck Evans,
Cunt,
Period,
Fucking shit headed cunt.
;-)
That's what I always like about you, short and to the point.
i got it
he wants that market start to muve in groowe direction with out fed help and with taper on fed test how strong market is. let see how strong qe drug is
We need our low rates high and our high rates low. But no fiddling with it!
Hey Chuick, how many times were you picked on in school?
The city where your Federal Reserve bank sits is going bankrupt.
When the rest of the countries stop accepting US dollars the tables will turn as well as your BS. It's when the Fed becomes fearful and loses control. No more petro dollar. It's coming.
Give me moar! Give me moar! Give me moar!
He would have been clearer by saying he wants the rates lower but the yields higher.
Yellen’s optimal policy not credible.
"Yellen’s “optimal policy” of maintaining low long bond yields until the unemployment rate hits its natural rate is not credible, which implies that the policy will be less effective than she states. The optimal policy requires expectations of unchanged policy rates for a long period ahead while also implying that the policy rates have to rise sharply, once unemployment hits its natural rate, to prevent inflation from sharply overshooting its target. The longer the Fed is able to press down long bond yields, the stronger will be the rebound in those yields as the unemployment rate approaches its natural rate. In the worst case, long bond yields could rise as sharply as in 1994 when the economy was hurt significantly."
@handelsbanken.se
Evans raises cue card " Wait wasn't I suppose to say "
More green spew puke from possessed fed fud looney tunes. SHUT UP neoCONzi puke!
The comments in the article are fucking hilarious. Well said
"Did Charlie blow a fuse?"
Why? In a casino, everybody know the talk is only the talk. The players always know the probability to win is on the casino side
QE III! QE III! QE III!
every US citizen with a printer to print the money he/she need. Return the power to print to the people. No more QE.
Its almost as if they're just making it up as they go ... <*cough*>
The Protestants have no national leadership in America. I think that's what Chuck is saying. It's unraveling now. I'm sure the Jesuits will work with any remaining Protestants to rebuild a cheap copy of America. Another one bites the dust.
I guess we should be greatful that they are moving as slow as they are to give some the time to prepare, maybe even convert to the Order. It's fascinating how the US is cut into 10 FEMA regions, and these regions correlate with the 10 Provinces under Jesuit authority. Just google the the maps and you'll see what I mean.
When you read something like this, you cannot help but realize that whatever slim, remote possibility that maybe one day somebody or something credible might come out of the FED - some intelligence, some cogent thought or an expression of a return to free and unfettered markets, sound money - fuck just something - you soon realize how retarded you were for thinking such idealism and acknowledge - yet again, that there goes another 5 minutes of your life you can't ever get back.
I'm sure glad he cleared that up.
Right after, he went to his grand-uncle's greasy spoon, Bob Evans, and had a "low-inflation" breakfast of two quails eggs and dwarf pig bacon.....and teaspoon of OJ....all for $14.99
Why expect them to be more intelligent, consistent or aware than the rest of the in=paradigm kool-aid swillers.
At a very basic level, many, maybe roughly a 1/3 of comments you see from the Left blaming "capitalism" have nothing to do with the excesses and abuses of a free market, but a result, direct or merely inevitable, of government and/or FRS intervention and meddling.
Combine that with the inside information, market making power and gold price suppression the central banks and large commercial banks engage in, we have nothing like a free market - certainly the "markets" are less free the further away you get from the local, cash economy....
buying well over 100% of MBS issuance
Suspect that's not true, but in any event, while housing is in a bubble, again, and Krugman seemingly beginning to understand that his system requires this kind of rinse repeat misallocation and misvaluation of hard asset prices, there might be some way to soften the retreat from current prices if we gave some of the QEternity money to smaller, local banks.
But that won't happen.
New ZH Acronym...ETMF!
End the Motherfucking Fed!!!
Chuck E. cheese.
no comment
http://www.youtube.com/watch?v=S_9WxAEGY8c
Not surprising he sounds confusing. Many analysts have been warning that the Fed will find itself between a rock and a hard place with no (absolute 100% confirmed) easy way out.
They're looking for and investigating the hard core options as we speak. Live accordingly.
You may call 1800-FUCK-YO to submit your suggestions. Sorry, only one lucky winner will be selected and rewarded with a place in banker's hell.
"This is what we are going to did."
-The FED
This is what happens when they don't know which lie to use...........
Interviewers need to administer breath-a-lyzer test before interview (or blood sample).
Also must make sure interviewee is awake on the other side of phone and not just babbling.
Maybe a webcam of him saying this during the interview (no crosses or funny faces) might be useful for body language ?
Dismal.
To quote Pete Hogwallop from "O Brother Where Art Thou?:, who elected YOU leader of this outfit ?
'wait, what?' it's about time Tyler used my moniker. i've been using it every time a Fed official opens their mouth... because they talk out of both sides of it.
rule 1 of Ph.D. economics: accept that your whole thought process results in a non-sequitur. always.
This guy is the freaking devil.