Fed's Linguistic Tapering: Fewest FOMC Statement Words Since October

Tyler Durden's picture


Everyone who thought today's FOMC statement would, like the Fed's own balance sheet, set a new all time high record in verbosity, has lost. At 811 words, today's Fed message was 66 words shorter than the March one, and the "briefest" since October. It appears we may have passed the point of peak Fed complexity, and it is all downhill from here - so first a reduction in the pace of liquidity injections, then the communication. All that's left is the "rigged, manipulated" market.


Of course correlation is not causation but one has to wonder as the Fed uses fewer words to explain its only possible tightening path... then stocks are a little over their skis...

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Wed, 04/30/2014 - 14:21 | 4713024 NidStyles
NidStyles's picture

So they have a plan and are just following it now... 

Wed, 04/30/2014 - 14:32 | 4713099 Stoploss
Stoploss's picture

Call it the Sterling plan.


Wed, 04/30/2014 - 14:42 | 4713175 bania
bania's picture

Wake me up when they hit zero.

Wed, 04/30/2014 - 16:57 | 4713714 StacksOnStacks
StacksOnStacks's picture

I was off by exactly 100.  I think they read my comment earlier on ZH.

Wed, 04/30/2014 - 14:21 | 4713026 superflex
superflex's picture

They could have said it with two words.  

Belgium bitchez.

Wed, 04/30/2014 - 14:21 | 4713027 Dr. Engali
Dr. Engali's picture

Glad I didn't bet a sandwich on this one.

Wed, 04/30/2014 - 14:23 | 4713032 machineh
machineh's picture

I am claiming moral victory on the pop quiz.

Like Obama, I deserve a mulligan.

Wed, 04/30/2014 - 14:25 | 4713047 Groundhog Day
Groundhog Day's picture

That was a big non event....is mr yellen speaking later today?

Wed, 04/30/2014 - 14:25 | 4713048 Grande Tetons
Grande Tetons's picture

Remind me again....why did I buy Silver? 

That's right...I enjoy pain. 

Wed, 04/30/2014 - 14:27 | 4713062 fonzannoon
fonzannoon's picture

The fed summary in one sentence.



Wed, 04/30/2014 - 14:29 | 4713076 Dr. Engali
Dr. Engali's picture

We can average down when it gets to zero.

Wed, 04/30/2014 - 14:33 | 4713110 Grande Tetons
Grande Tetons's picture

Ha! I stopped buying awhle ago. Thank God.  I have no intention on selling. 

My wife asked me awhile ago....honey..how is our Gold and Silver doing? 

In the shithouse, honey! 

Wed, 04/30/2014 - 14:33 | 4713107 NotApplicable
NotApplicable's picture

What's so painful about buying insurance and paying yourself the premium?

Wed, 04/30/2014 - 14:45 | 4713189 Grande Tetons
Grande Tetons's picture

The price of the policy keeps going down. 

I here you...I am in this for the long haul....but, sometimes it is hard to be on this ride. 

Wed, 04/30/2014 - 15:04 | 4713283 Manthong
Manthong's picture

Just to keep things in perspective..

Give or take a few cents..

A 1964 quarter would buy a gallon of gasoline in 1964.

Even at suppressed valuation, that same quarter can be traded for enough fed fiat to buy a gallon of gasoline today.

The distortions since early 2011 will eventually be wrung out of the system and it will fetch a lot more.

Hopefully there will be some criminal necks wrung as well.

Wed, 04/30/2014 - 14:25 | 4713049 Colonel Klink
Colonel Klink's picture

Peak word count!  We're running out of words.

Wed, 04/30/2014 - 14:36 | 4713124 machineh
machineh's picture

... or horse manure, as the case may be.

Wed, 04/30/2014 - 14:29 | 4713053 what's that smell
what's that smell's picture


new encrypted currency built upon the random unknowable word-count of FOMC speak---the yellencoin.

Wed, 04/30/2014 - 14:26 | 4713054 TonyCoitus
TonyCoitus's picture

Very bullish.  Keep buying Bitchez

Wed, 04/30/2014 - 14:28 | 4713077 derek_vineyard
derek_vineyard's picture

spot silver is struggling.  may be a fire sale in next few months.

Wed, 04/30/2014 - 14:29 | 4713082 i_call_you_my_base
i_call_you_my_base's picture

I thought they were going to raise interest rates.


Wed, 04/30/2014 - 14:34 | 4713112 FieldingMellish
FieldingMellish's picture

Peak verbosity?

Wed, 04/30/2014 - 14:40 | 4713159 DavidC
DavidC's picture

"The market is not rigged...the market is not rigged..."


Wed, 04/30/2014 - 17:44 | 4713884 blindman
blindman's picture

secret minutes of recent fomc meeting,
urgent memo distributed and discussed:
no more selfies or instagrams with
minorities and this.
mandatory viewing, the "financial" system
if it were petroleum isomerization unit.
BP Texas City Explosion
participants advised to keep away from operator
and operations util further notice or complete
annihilation of the plant. emergency personnel
will be sent in first.

Do NOT follow this link or you will be banned from the site!