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And The Highest Returning "Asset" Class In CNBC's 25 Years Is...
Today, in celebrating its 25th birthday, CNBC will have you know that stocks, which have generated returns of over 500% in the past 25 years, are the best asset because, well, "where else are you going to put your money." So if you said the S&P500 is the best performing "asset" class in the past 25 years you would be... wrong.
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#Winning!
Just think if the FED went public. What an IPO that would be.
It's been public. I'm holding Federal Reserve notes. The fuckers keep diluting the shares. What a shitty investment.
Talk about dilution. You nailed it.
wow
so .. tell me again who owns shares of that 'fed' thing?
Bullshit.
The best performing asset class is Congress.
Then there's rackets, extortion, illicit drugs, Chinese solar projects, etc., the list goes on.
WTF? Their books isn't an asset. And its cooked. What is this article? I say you woulda done best raising cattle.
Ich bin flummixed.
... and not for the first time.
The 10, 30 and 50 DMA are converging. Something big is going to happen.
That Fed stock is a damn good investment. It's almost like they print money.
The ultimate bull market is coffee in 2014. Just crazy movements this year and probably there is more to come. Don't be short this market or you will have a same feeling like Obammer when an F16 flies up his ass.
http://armadamarkets.blogspot.com/2014/04/the-bull-market-of-2014-coffee...
Because jobs.
you can google it; sadly the trade in class B non-voting securities are really dilutive and the yield compared to other assets sucks.
Short answer:
the issuance of stock by the regional Fed banks to the member banks. This stock pays a fixed 6% dividend and gives the banks a claim on the Fed’s annual profits.
Read more: http://www.businessinsider.com/who-actually-owns-the-federal-reserve-2013-10#ixzz2z9vOcw15 the 4 second google. cause, stuff.That's fuckin' hilarious!
I like how it's okay cuz all of the "profits" flow back to the Treasury. Riddle me this... what the fuck do profits matter when you issue the very currency they are denominated in?
I'd call this stupid-squared, but it's obviously far beyond that. It's a giant clearing house, all right. Clearing the wealth right out of everyone's hands.
~"Just think if the FED went public."~
Could Snowden come home then?
Thanks for the link vile,
comment from your link @businessinsider
buckethead on Oct 26, 7:01 PM said:
@DanH:Does an entity which serves solely as a clearinghouse have the means and authority to purchase failed assets at par, from collusive entities which originally loaned them into existence without first having had real assets with which to purchase these virtually worthless "assets"? In other words, how the hell does a 'clearing house' create multiples of trillions of dollars worth of 'money' from nothing, in order to purchase failed investments thereby making players whole despite their having failed? And you do realize, that all the BIGS were insolvent in 08. All zombies. All counter parties, And all survivors made whole by decree. Clearing house my ass.
Read more: http://www.businessinsider.com/who-actually-owns-the-federal-reserve-2013-10#ixzz2zAfBWPhB
You know the answer--bankers all.
now if we could just short it...
PM's
Exactly. The biggest short ever.
Fannie, Freddie, and "Feddie"....all broke and busted. Poor Janet. She inherited a maxed out credit card from the Bernank.
Fate the Magnificent
"Push the Button, Max"
Exactly, an we've got an extra sale offered to us right now.
Ticker symbol = SHIT
We keep investing in it every day we go to work. We must be idiots!!!
And every day we receive less and less value for our efforts.
OTOH, it does make spending the day at ZH a guilt-free endeavor. :)
Working hard to taQE away those last two percentage points of your purchasing power.
FED: That's bcs we fear defation so much. See GDP = money supply x money velocity. The latter is collapsing due to our policies, so we have to keep propping up money supply, so that GDP does not collapse. Simple. Don't like it? Just hang in there, and we're very sorry for the inconvenience. EOM /sarc
the base is so fkn big right now, if the velocity moved a smidgen we're talking double digit CPI inflation overnight
Don't fear the REAPER, er...ugh...DELFLATION. If it hits big, the truly big guys will be worthless like the rest of us. Of course Uncle Ben and his blonde bombshell won't let that happen - if - if - they don't lose control.
HOLY SHIT. YOU ARE THE MAN.
17,000,000,000,000 thumbs up!!
Well Pard, I preciate that.
Clasic! LOL!
I think company stock analogy is the best way to explain what US dollar (FRN) is and how it works.
It's shares of stock in the US govt from a value standpoint, value rising and falling with people's confidence in US govt, value diluted when more "shares" are issued (currency printing).
It's stock shares we use as currency. Suddenly people get the picture, they understand.
Dat's wut I'm talkin' bout Farmer Bundy.
Time for a 10:1 rollback...
Tyler, what is a "CNBC' ??
Sesame Street for suits.
A form of crotch rot.
COSMIC NUTCASES BLOWING CRAP = CNBC
"Cheat N B Cheated"
Amazing the year everything just went ape-shit.
My daughter is going to kill me when she asks why and how this generation fucked the pooch.
Nice steady balance sheet trajectory until.....what event happened in 08-09? Hmmm...
You're safe. All you've got to do is to introduce her to the Coup of '13.
The Creature from Jekyll Island should be sufficient.
My daughter was recently looking through my books for something interesting to read, so I directed her to Conjuring Hitler.
If your daughter is mad at you for that reason, you've done well in educating her. If she is mad at you because you didn't get in on the action and made millions to buy her the castle and the pink ponies, you might as well jump off a cliff.
Everything depends on your vantage point, I guess.
What about Gold?
Soon, there will be one primary dealer, the Fed. One buyer and one seller for all! Forward USSA!!
well actually, if poverty were an asset class, that would be the hands down winner.
Of course the "war" asset class might be coming in a close second...
Fuckin stunning...hey good luck with all that shit, Fed!
sorry kids.
Sorry Grandkids.
Sorry great^n grandkids.
Thanks Pa and grandpa, ya pricks.
The dawning of the age of Kevorkian and Logan's Run.
Since when did we have any control over the politicians?
Well, occasionally they have to duck a shoe or two. While it's not quite control, it is exerting influence.
I've got ths figured out, after sitting on the sidelines in cash and getting ass fucked beyond all recall. Let's sell everything we have, everything that is not bolted down and invest in stocks. Talk about a moon shoot...holy fuck....within a few hours everyone investing in stocks would be a multi-billionaire. Just think of the possibilities on this one. Rince, Lather, Repeat....There is obviously no downside risk to this..EVER! Think of the tax revenue generated! At 3:30 everyday...you know we're going higher, on't even have to sit aroundand worry about a dip....no need to BTFD....Mystery uyers will appear miraculously at the close. There will be no correction to worry about. I'm seeing Flying Unicorns and Rainbows....Skittles flying out of our ass....No one would ev er have to work...and there would be enough tax revenue to load the EBT cards to the max.
So... where did you find this version of the Fed minutes?
"To infinity, and beyond!"
Just one problem. Nobody has any Money or anything to sell.
no reason to panic folks. so long as you have no debt, a couple $million saved up and a residence in south america - you're going to be just fine.
South America is turning into a shit hole. No, thanks.
The best way to keep the gum chewing public right here on the plantation is to convince them that every other place is "third world". You've done well. Uncle Sugar salutes you, Comrade.
And everywhere people are having that feeling that things are getting tighter. They cannot seem to see where it comes from but their paychecks aren't going as far as they used to.
I see it constantly. From news stories to more people eating ramens (who aren't in college) on a daily basis, to families suddenly moving.
Too bad 99% of people cannot see where it is coming from, as they still hear the criminal media saying "inflation is low" and other such crap.
Disgusting is what this really is.
pods
Look at those tiny little tits of Y2K and Dot com bust... we are so f'd
Like running over a sail cat versus the Rockies.
pods
Rearranging the opening trades for Weibo is taking longer than expected so the opening for that stock has been delayed. Apparently the HFTs were scuffling to get in line along with the politicians and other insiders.
Weibo pushed back again. Nothing to see here, move along.
Wonder if Goldman found out that all of the filing data was made up?
I'm sure the eventual selling of those assets won't have a negative effect on things--primarily the stock and bond markets, then life as we know it.
Do you think Larry Fink will fit into a Kenmore wall oven?
Just to be safe, get the double wall oven and split the parts. What's for dinner?
That there green line, it looks, well, it looks crooked.
There was a crooked man and he walked a crooked mile,
He found a crooked sixpence upon a crooked stile.
He bought a crooked cat, which caught a crooked mouse.
And they all lived together in a little crooked house.
the FED balance sheet line reminded me of Emma Lazarus line,
"I lift my leg beside the golden door"
or:
http://www.bing.com/images/search?q=banksy&qpvt=banksy&FORM=IGRE#view=detail&id=F03AB08CF30938BA4334F00FFC0F856A17EE3888&selectedIndex=19
Forgot one:
A redneck's famous last words: "Hey y'all, fucking watch me do this...."
No silly, it's "Hey hold my beer."
Don't ask me how I know.
pods
But Barry will say, "I was only following orders".
Sheepie too busy shopping for Easter finery to notice today's riggery
I think bullshit is an asset class too.
You can't be long the Fed...might as well be long the S&P
Your kids and grandkids will get wise to the Social Security Ponzi Scheme.
There will be war and your kids & grandkids will be in charge of it.
They will implement a mandatory draft of all those over 60.
No, they will just stop contributing and develop the shadow economy or gray and black markets. Fed will still pump and .gov will still pay the trillion dollar liabilities just that the money doesn't buy a whole lot. The good stuff is barter or precious metals only unless there's a currency alternative.
You look at that chart and ask why or how could the S&P be up that much. But when you turn the sound on . CNBC pundits don't think the S&P is up because of the Fed. And Banks are a buy.
WOW!
Save this one for posterity folks. So when will Ben and Janet do the honors with this announcement?
Please tell me they will be crowned King and Queen of the "Asset Class Prom" by the Fed Reserve board of Governors and Principal Dimon and Assistant Principal Blankfein?
Economic statistics in the USA are on a par with the old Soviet economic figures of the late great USSR.
They are political in nature, not economic indicators for planning or investment purposes.
The Homeland (UTB America), like Stalin's USSR, now sees everything in the political sense, we can no longer even ask the right questions in the USA, because things are judged politically and not realistically.
The Homeland (UTB America), system has become more and more like Stalin's system.
If you doubt this, then look at the spy state, a state of total spying on everyone that Stalin would have been green with envy to have been able to impose upon the Soviet People.
Postmodernism states that:
The postmodern aversion to truth is well expressed by Allan Bloom in The Closing of the American Mind:
The danger...is not error but intolerance. The point is not to correct the mistakes and really be right; rather it is not to think that you are right at all.
"Tolerance of other views is one of the pillars of postmodernism. However, there is one group of people to whom this tolerance is not extended, those who believe truth to be important!"
In the Homeland (UTB America) : truth, if inconvenient; is considered hate speech!
100% correct.
Crony capitalism and welfare mandates are not sustainable forever. Eventually the rot comes to the surface and statists will try and paper over any problems.
Hawaiian birth certificates.
certification, not certificate. There's both and Obama has the certification.
Ask this of the next Fuckbamavik you encounter....
Why, in this......birth certification....was Barry O'Fucker's Nationality labeled as:
AFRICAN AMERICAN...
...when that term was not used, under uniform hosptial regulations....FOR 8 MORE YEARS in the United States.....
HOSPITALS USED THE TERM "NEGRO"...
Why?
...and watch the fuckers squirm and stammer...and make excuses...
FUCKING SAD..THESE OBAMA THRONE LICKING STUPS....
I'll keep that in mind though I'm in Canada, no one here cares anymore.
errr. only thx to QE, tards!
Bullish!
Pretty nice to be able to create money and buying mortgages and government obligations with it. And then telling everyone that it is for our benefit. The astounding thing is that there are people who believe it. But then, people supported 'trickle-down too. Is there anything as monumental as peoples stupidity? Is there a graph for that?
Why of course there is.
http://www.historycentral.com/elections/Voterturnout.html
But is it growing faster than the national debt? Is it growing faster than unfunded entitlements? Is it growing faster than permanent disabillty?
Should have known this would happen.... Anything with a freakin' TV channel about it is bound to be a scam.
Since taxation is the control system in Keynesianism I wonder what this chart would look like if the # of pages in the taxcode curve was added?
Lipstick on a jackboot pig ?
Corruption is the biggest growth industry. Get in while the getting is hot!
And those 2 prior bubbles before this latest Fed "balance sheet" bubble were caused by what again? Yup, I think I'm going to name this bubble The FED BALANCE SHEET BUBBLE.
You would think that all those years that I 'invested' on the 15th of every year would have paid off big.
Now I remember, it did, for all the government employees and pensions... and GM unions
So we got that going for us.
Wrong.
Just take a look at Sue Herrera's ballooning ass.
Technically the answer should be Bitcoins but I am going to go with Michelle Caruso Cabrera's assets.
Inflation doesn't equal generating returns.
The events of 2008/09 have caused irreparable harm to the global economy and history will show that no matter how hard they "tried", the damage was irreversible.
Global economy since '08 is on life support. They cannot pull the plug, they cannot raise rates, they cannot make anymore moves other than continue on the path of eternal balance sheet expansion. Their 5-year plans will always focus on growth and job creation but in 5-years there's no improvement. More decent jobs will be downgraded to parttime and much lower paying jobs. This is not a temporary trend, this is a permanent road to lowered expectations, mass poverty and diminishing returns.
But they saved the status quo in 2008/09, didn't they? At what expense? The graph says it all. Their money is becoming increasingly worthless and soon irrelevant but at least they managed to stay afloat for a few more years. Sickening!
Well put. +1
If it all goes terminal in the west, then where does one escape to? I'm wondering if there will be some global power shift a la 15th century Europe to some other region of the world when/if the west sinks into decay of its own making.
The "west" is such a broad term. Socialism is practiced almost everywhere unless you look at the slum states of Africa. Would you want to live there? When the train stops and the money runs out, people will turn into zombies and destroy whatever they have to in order to keep feeding themselves.
Best places are the least populated, the least amount of infrastructure and a decent enough growing season to survive. Such pockets exist in parts of the "west" as well. You probably won't even have to learn a new language and wear shades all the time to fit in.
FED Futures?