And The Highest Returning "Asset" Class In CNBC's 25 Years Is...

Tyler Durden's picture

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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SilverIsKing's picture

Just think if the FED went public.  What an IPO that would be.

chinoslims's picture

It's been public.  I'm holding Federal Reserve notes.  The fuckers keep diluting the shares.  What a shitty investment.

Grande Tetons's picture

Talk about dilution. You nailed it. 

SafelyGraze's picture


so .. tell me again who owns shares of that 'fed' thing?


Ignatius's picture


The best performing asset class is Congress.

Then there's rackets, extortion, illicit drugs, Chinese solar projects, etc., the list goes on.

0z's picture

WTF? Their books isn't an asset. And its cooked. What is this article? I say you woulda done best raising cattle.

kaiserhoff's picture

Ich bin flummixed.

... and not for the first time.

The Juggernaut's picture

The 10, 30 and 50 DMA are converging.   Something big is going to happen.

mkkby's picture

That Fed stock is a damn good investment.  It's almost like they print money.

ilion's picture

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.

aVileRat's picture

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: the 4 second google. cause, stuff.
NotApplicable's picture

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.

Theosebes Goodfellow's picture

~"Just think if the FED went public."~

Could Snowden come home then?

Dapper Dan's picture

Thanks for the link vile,


comment from your link @businessinsider

buckethead on Oct 26, 7:01 PM said:

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:

raeb's picture

You know the answer--bankers all.

oklaboy's picture

now if we could just short it...

Central Wanker's picture

Exactly. The biggest short ever.

Professor Fate's picture

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"

CHX's picture

Exactly, an we've got an extra sale offered to us right now. 

Doubleguns's picture

We keep investing in it every day we go to work. We must be idiots!!!

NotApplicable's picture

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. :)

Skateboarder's picture

Working hard to taQE away those last two percentage points of your purchasing power.

CHX's picture

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

Libertarian777's picture

the base is so fkn big right now, if the velocity moved a smidgen we're talking double digit CPI inflation overnight

AlamoJack's picture

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.

Libertarian777's picture



17,000,000,000,000 thumbs up!!

AlamoJack's picture

Well Pard,  I preciate that.

Drifter's picture

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.

AlamoJack's picture

Dat's wut I'm talkin' bout Farmer Bundy.

Fast Twitch's picture

Time for a 10:1 rollback...

Stoploss's picture

Tyler, what is a "CNBC' ??

Hippocratic Oaf's picture

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.

SoilMyselfRotten's picture

Nice steady balance sheet trajectory until.....what event happened in 08-09? Hmmm...

NotApplicable's picture

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.

walküre's picture

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.

Vampyroteuthis infernalis's picture

Soon, there will be one primary dealer, the Fed. One buyer and one seller for all! Forward USSA!!

alien-IQ's picture

well actually, if poverty were an asset class, that would be the hands down winner.

Cannon Fodder's picture

Of course the "war" asset class might be coming in a close second...

SheepDog-One's picture

Fuckin stunning...hey good luck with all that shit, Fed!