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Bernanke Says "Stocks Have Risen Because The Economy Is Stronger" - Live Feed

Tyler Durden's picture




 

At $250,000 per speech, this better be worth it...

  • *BERNANKE SAYS QE WASN'T A PANACEA BUT `AVOIDED DEFLATION'
  • *BERNANKE SAYS EQUITIES HAVE RISEN BECAUSE ECONOMY IS STRONGER
  • *BERNANKE SAYS FED BALANCE SHEET COULD BE KEPT LARGE IF NEEDED

It appears not...

Hmm -


 

 

 

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Mon, 05/19/2014 - 13:33 | 4774339 gatorengineer
gatorengineer's picture

Should be good for a percent on the SPOOs.... and another pound in my airsickness bag...

Mon, 05/19/2014 - 13:40 | 4774374 Hippocratic Oaf
Hippocratic Oaf's picture

Thank you Burnyankme for forcing little old ladies into risk assets, you piece of shit motherfucking fuck fuck.

Mon, 05/19/2014 - 13:41 | 4774379 Pinto Currency
Pinto Currency's picture

If he's saying interest rates won't normalize in his lifetime, maybe he's worried about his lifetime.

Mon, 05/19/2014 - 13:43 | 4774394 Xibalba
Xibalba's picture

WTF?!?!? Is this guy a psychopath or something...

Mon, 05/19/2014 - 13:45 | 4774412 Pool Shark
Pool Shark's picture

 

 

What was your first clue?

 

 

Mon, 05/19/2014 - 14:06 | 4774467 ZerOhead
ZerOhead's picture

Bernanke: "No rate normalization during my lifetime..."

 

The soon to be historic quote that simply spells "GAME OVER".

Yes it finally is over folks... time to de-taper the taper, apply full steam ahead, and bravely go where no man has gone before... (except the Germans and Zimbabweans and the South Americans...)

Good luck all.

Mon, 05/19/2014 - 14:43 | 4774633 Anasteus
Anasteus's picture

Fuck Bernanke, rather take a look at the video Blueberry Hill on What A Voice contest in Russia, guys

https://www.youtube.com/watch?v=iYMM3ZE_CZg

 

Mon, 05/19/2014 - 15:58 | 4774843 CuttingEdge
CuttingEdge's picture

Buzz Bernanke.

To (QE) infinity and beyond.

Hope the fucker burns in hell after a hopefully short lifetime.

Cunt.

Mon, 05/19/2014 - 13:47 | 4774430 pods
pods's picture

This slug should just slither off under the rock from which he came.

Staying in the spotlight will lead him to being made a shrunken head doll.  (Not that there's anything wrong with that.)

pods

Mon, 05/19/2014 - 14:00 | 4774495 TruthTalker
TruthTalker's picture

If the people realized what he did to them he would not be able to walk the street without a body guard - doubt that he does now

Mon, 05/19/2014 - 14:44 | 4774637 Colonel Klink
Colonel Klink's picture

Last video I saw he had numerous bodyguards.  He better keep them.  He'll need them in the future.  That bald, bearded, lying fuck!

Mon, 05/19/2014 - 16:39 | 4774962 XitSam
XitSam's picture

Through history, many of the people that are murdered that have bodyguards, are murdered by a bodyguard.  Think about it, Ben.

Mon, 05/19/2014 - 17:35 | 4775089 DrData02
DrData02's picture

Who pays for those?

Tue, 05/20/2014 - 20:45 | 4779469 XitSam
XitSam's picture

You do, dumbass.

Mon, 05/19/2014 - 13:48 | 4774434 JRobby
JRobby's picture

Hello

Mon, 05/19/2014 - 13:43 | 4774396 Arius
Arius's picture

Nothing like bad cap good cap routine ... love it!   these guys have really mastered it, from dems and reps to FED guys .... always the same, and somehow the muppets just keep staring at the lights... good .... DO NOT MOVE

Mon, 05/19/2014 - 13:44 | 4774406 earnyermoney
earnyermoney's picture

hope he's twisting in the wind by the end of 1Q 2015

Mon, 05/19/2014 - 13:41 | 4774382 NotApplicable
NotApplicable's picture

Meanwhile he's busy wishing he could stay out of the headlines, otherwise, he's gonna fuck this gig up too.

Mon, 05/19/2014 - 13:45 | 4774392 Grande Tetons
Grande Tetons's picture

Little old ladies and little old men are not chasing yield. They are taking it up the ass.  Granny will take her negative yields but she will empty her catheder into the brownie mix. 

Mon, 05/19/2014 - 13:48 | 4774438 pods
pods's picture

Thanks for that visual.

pods

Mon, 05/19/2014 - 13:52 | 4774452 Grande Tetons
Grande Tetons's picture

Want a brownie, sonny? 

I think I will pass. 

Mon, 05/19/2014 - 16:42 | 4774969 XitSam
Mon, 05/19/2014 - 13:53 | 4774461 Hippocratic Oaf
Hippocratic Oaf's picture

Grande

I'm in the biz, they're chasing yield, trust me.

Mon, 05/19/2014 - 14:01 | 4774501 Grande Tetons
Grande Tetons's picture

You are dealing with the sophisticated golden oldies. I was in the biz...and many will stay put because that is what they have done their entire lives. 

It will be interesting to see who is reaching for Alpo first. 

Mon, 05/19/2014 - 14:14 | 4774550 drendebe10
drendebe10's picture

"I'lll make you all a great deal.  You saps pay me 250 Grovers and I'll piss on you all's back and tell you it's raining."  BizzaroBen, laughing all the way to Citibank...

Mon, 05/19/2014 - 14:46 | 4774649 Stoploss
Stoploss's picture

But, but what about the Belguim mystery buyer??

http://usawatchdog.com/fed-laundering-treasury-purchases-in-belgium-to-d...

Mon, 05/19/2014 - 13:41 | 4774375 Pinto Currency
Pinto Currency's picture

-

Mon, 05/19/2014 - 13:46 | 4774417 SoilMyselfRotten
SoilMyselfRotten's picture

Bernanke: Stocks have risen because the economy is stronger. It had notheing to do with us throwing $4 trillion at it.

Mon, 05/19/2014 - 14:01 | 4774502 dontgoforit
dontgoforit's picture

AND, we're 92,000,000 more strong than ever before!

Mon, 05/19/2014 - 14:28 | 4774601 t0mmyBerg
t0mmyBerg's picture

Stocks have risen because of the profits graph above but even more because corporations are able to borrow for free thanks to Berthiefs Fed and use the cash to reduce the number of shares outstanding so that when all those who have to buy stock for whatever reason have many fewer shares from which to choose.  Hundreds and undreds and hundreds of billions in buybacks the last few years and a Wilshire 5000 with something like 3500 stocks in it leave the world short shares.

Mon, 05/19/2014 - 15:03 | 4774692 NOTW777
NOTW777's picture

did he mention that it is completely illegal and without basis; normal citizens are put in jail for similar conduct

Mon, 05/19/2014 - 13:33 | 4774340 alphamentalist
alphamentalist's picture

burn in hell, bernank

Mon, 05/19/2014 - 13:42 | 4774391 Pooper Popper
Pooper Popper's picture

Lying moldy piece of Cow shit!

Mon, 05/19/2014 - 13:34 | 4774343 trader1
trader1's picture

in other news, gold demand going to increase along with price:

http://www.theatlantic.com/technology/archive/2014/05/how-to-create-matt...

The team has just published their work in the journal Nature Photonics. According to their research, you can turn light into matter by recreating, in the lab setting, a process that occurred during the Big Bang. First, as The Guardian's Ian Sample describes it, you fire electrons at a slab of gold, which produces a beam of high-energy photons. Then you create another beam by taking a tiny, gold capsule—a hohlraum, it's called, from the German for “empty room”—and fire a high-energy laser into the capsule, creating an intense brightness. Then yousend the first beam of photons into the hohlraum, and the two streams of photons collide. And, boom: electrons. Light into matter. Like Rumplestiltskin with his gold, except in reverse. And ever-so-slightly more high-tech.

Mon, 05/19/2014 - 20:44 | 4775667 BrosephStiglitz
BrosephStiglitz's picture

You realize gold is only needed in very little quantities for this right?  Gold has been used in many experiments like this before.  It's used in nanoparticle research, and gold foil was first used in subatomic particle detection.  This is because gold can be reduced to close to 1 atom thick.  It doesn't mean the price of gold is going to the moon.

It might go to the moon, but not because of this. 

Mon, 05/19/2014 - 13:34 | 4774345 Solomon the KING
Solomon the KING's picture

hey Ben, its pass, give. your holding on to the smoke to long man!

Mon, 05/19/2014 - 13:41 | 4774384 Hippocratic Oaf
Hippocratic Oaf's picture

I think it's puff puff give, but I still upped ya.

Mon, 05/19/2014 - 13:46 | 4774418 ebworthen
ebworthen's picture

Puff...puff...pass...

Powerful stuff Bernanke and his ilk smoke, whatever it is.

Mon, 05/19/2014 - 13:55 | 4774469 john39
john39's picture

straight out of satan's ass...

http://en.wikipedia.org/wiki/Osculum_infame

Mon, 05/19/2014 - 14:28 | 4774599 Solomon the KING
Solomon the KING's picture

its been too long...haha

Mon, 05/19/2014 - 13:36 | 4774346 ebworthen
ebworthen's picture

I had a Parakeet that was smarter and more honest than this guy.

Quit blowing it out your ass Bernanke, the FED itself is the mistake.

Mon, 05/19/2014 - 13:35 | 4774352 Millivanilli
Millivanilli's picture

Did doctor bernank recommend ebt food stamp holders to use their cards to buy yen and swap them for 10 year yields? 

Mon, 05/19/2014 - 13:36 | 4774355 Kayman
Kayman's picture

I printed money for my friends. I backstopped every stupid deal these dumb cocksuckers could conjure up. I paid par for every debt my friends had, even though most of their shit paper could be bought for substantial discounts.

My job is done.

Ben

Mon, 05/19/2014 - 13:37 | 4774357 AccreditedEYE
AccreditedEYE's picture

For any last hold-outs, this should make it readily apparant that acedemics only look at surface level numbers and honestly believe all will fall magically into place. The REALLY funny thing is this guy truly believes he saved the world. 

Mon, 05/19/2014 - 13:57 | 4774471 Grande Tetons
Grande Tetons's picture

ahem...he saved his world. That he knows all to well. 

The academic facade is the correct front for this sort of con. 

Mon, 05/19/2014 - 13:56 | 4774479 Osmium
Osmium's picture

Come on, give him some credit.  He saved us from that evil deflation.  Or so he says

/s

Mon, 05/19/2014 - 13:37 | 4774359 AynRandFan
AynRandFan's picture

Let's see, when the stock market tanks and intersest rates are still near zero, will he be living abroad to avoid assasination?

Mon, 05/19/2014 - 13:38 | 4774363 Commodore64
Commodore64's picture

Ben makes a great storyteller...tell us another fairy tale, Uncle Ben!

Mon, 05/19/2014 - 13:38 | 4774367 Relentless101
Relentless101's picture

Fuck you.

Mon, 05/19/2014 - 13:42 | 4774388 Tsar Pointless
Tsar Pointless's picture

That just plain makes me happy to see those two words side-by-side in reaction to a Ben Bernanke comment.

Mon, 05/19/2014 - 13:38 | 4774368 huggy_in_london
huggy_in_london's picture

Fraud!

Mon, 05/19/2014 - 13:40 | 4774372 pound the vix
pound the vix's picture

The Fed Balance Shet can stay large for years because we have no fucking way to reduce it. (without hurting our friends on wall street)

Mon, 05/19/2014 - 13:51 | 4774445 Al Huxley
Al Huxley's picture

The logic's a little dubious.  It's like saying I can carry 100k debt on credit cards forever because I have no way of paying it back.

Mon, 05/19/2014 - 14:00 | 4774496 Arius
Arius's picture

its probably the best minds have come up with.  U am sure they would be open to suggestions ... not sure though if there are other ways to sell it to the drugged down muppet crowd.

Mon, 05/19/2014 - 13:40 | 4774376 NYPoke
NYPoke's picture

Wang Dong, indeed.

Mon, 05/19/2014 - 13:40 | 4774378 corporatewhore
corporatewhore's picture

Ben....memo from main street

the economy is shit, barely hanging on by a thread.  believe what you want from your statistical made up bull.  but here in mainstreet usa people are getting increasingly desperate and depressed.

reminds me of the song White Rabbit-the one pill mother gives you doesn't do anything at all

Mon, 05/19/2014 - 13:44 | 4774385 BrigstockBoy
BrigstockBoy's picture

Did Bernanke comment on the Fourth Central Bank Gold Agreement by the barbarians at the ECB et al.? It includes these gems by the charlatans:

"In the interest of clarifying their intentions with respect to their gold holdings, the signatories of the fourth CBGA issue the following statement:

  • Gold remains an important element of global monetary reserves;

  • The signatories will continue to coordinate their gold transactions so as to avoid market disturbances;

  • The signatories note that, currently, they do not have any plans to sell significant amounts of gold;

  • This agreement, which applies as of 27 September 2014, following the expiry of the current agreement, will be reviewed after five years."

Mon, 05/19/2014 - 13:42 | 4774386 The worst trader
The worst trader's picture

He is being payed $250,000 to say this.

Mon, 05/19/2014 - 14:44 | 4774638 Chief Wonder Bread
Chief Wonder Bread's picture

He's collecting on a note due.

Mon, 05/19/2014 - 13:41 | 4774387 carbonmutant
carbonmutant's picture

FED balance sheet is a Pig in Python....

Mon, 05/19/2014 - 13:42 | 4774390 BlussMann
BlussMann's picture

HA HA HA HA HA HA HA HA

(SNORT, SNORT) HA HA HA

HA HA HA - (SNORT SNORT)

OMG, HA HA HA HA HA HA HA

Mon, 05/19/2014 - 13:43 | 4774393 ptoemmes
ptoemmes's picture

And here I thought Wang Dong looked a bit like The Bernank.  Obviously I was in dazed confusion.

 

Dum Fuk Tu

Mon, 05/19/2014 - 13:45 | 4774397 ejmoosa
ejmoosa's picture

Q.  Eliminate all the busybody, do nothing work of economists like Greenspan, Bernanke, and Yellen, and what do you have?

 

A.   A growing and productive economythat benefits all based on their wilingness to take risks and work.

Mon, 05/19/2014 - 13:43 | 4774403 Polymarkos
Polymarkos's picture

Ahahahahaha!

 

Oh wait, he's SERIOUS....

Mon, 05/19/2014 - 13:44 | 4774404 youngman
youngman's picture

It will stay large and get larger...as noone else will be buying our bonds....its the fake market....no buyers but the Fed...but it keeps the Politicians from making any hard decisions...

Mon, 05/19/2014 - 13:44 | 4774405 Bold Eagle
Bold Eagle's picture

Why do we still have ZIRP if economy is doing better than ever?

Mon, 05/19/2014 - 16:12 | 4774474 socalbeach
socalbeach's picture

Suppressed interest rates transfer money from savers to banks.  The Fed works for the banks. Parts of this are obvious, some of it may not be.

.

How Do Banks Use Low Interest Rates To Take Billions From Savers & Investors?

May 16,2014

"... Now it is true that there are times in financial and investment cycles where an asset-only strategy can bear substantial returns.

However, in an environment of moderate inflation, low growth and manipulated interest rates that are held to very low levels – which result in relatively low investment yields – then arguably to follow an asset-only strategy is to assume victim status relative to the financial institutions of the world who are thriving in this current environment..."

Mon, 05/19/2014 - 13:48 | 4774408 Haole
Haole's picture

If he would just blow bubbles in a glass of milk or something remotely credible one could give him some credit...

Mon, 05/19/2014 - 13:55 | 4774468 kchrisc
kchrisc's picture

Yes, I believe the thief. Why would he lie?!

Mon, 05/19/2014 - 13:56 | 4774472 Chuck Knoblauch
Chuck Knoblauch's picture

Saved for a rainy day.

Hope to re-post when DOW hits new lows.

Mon, 05/19/2014 - 13:58 | 4774488 falak pema
falak pema's picture

Remember Apollo 1 Oligarchs! 

Mon, 05/19/2014 - 14:12 | 4774528 Haole
Haole's picture

We are all Gus Grissom, White and Chaffee now...

Mon, 05/19/2014 - 14:02 | 4774492 DOGGONE
DOGGONE's picture

I recall some arguing that QE is happening only if incoming FLOW to the FED's balance sheet continues. This summary sentence

*BERNANKE SAYS FED BALANCE SHEET COULD BE KEPT LARGE IF NEEDED

appears to say that continuation of the large/excess STOCK in the FED's balance sheet would be continuation of QE. Agreed?

Note QE start here
http://www.showrealhist.com/RHandRD.html

Mon, 05/19/2014 - 14:06 | 4774522 TruthTalker
TruthTalker's picture

My question is about the tools that pay to listen to him = they have to be the most clueless, dumb, morons on the planet

Mon, 05/19/2014 - 14:09 | 4774530 CHX
CHX's picture

BS(B) says BS

Mon, 05/19/2014 - 14:09 | 4774532 Chuck Knoblauch
Chuck Knoblauch's picture

He managed to reduce the purchasing power of your money.

He managed to create the biggest Casino in history.

Mon, 05/19/2014 - 14:16 | 4774549 novictim
novictim's picture

The mechanism for ever increasing stock prices: Free money by the barrel load funneled out of the dangerous housing market.

The FREE MONEY starts in the form of Quantitative Easing and no-cost bank loans (ZIRP).  

Then compound this starter fuel with the lack of risk mitigating regulation (Barney-Frank is a laughable substitute for Glass Steagall) and Voila!  You have created a explosive air-fuel mixture of unlimited leveraging on leveraging.

Good for the criminals who orchestrate this catastrophe in the making (Banking CEOs, Financial CEOs, Paid off Politicians) is the fact that the public is convinced that we still live in a MERITOCRACY.  The hard hard times that are sure to follow will be blamed on the victims and accepted as a result of middle class folks not working hard enough and being smarter about THEIR money.  Wealth = Righteous; Poor = Undeserving.

Should we laugh or should we cry?

Mon, 05/19/2014 - 14:24 | 4774591 1stepcloser
1stepcloser's picture

My errection is stronger since I haven't been laid in weeks...

Mon, 05/19/2014 - 14:35 | 4774612 dobermangang
dobermangang's picture

So he quit his day job to become a comedian?  Funny stuff!

Mon, 05/19/2014 - 15:16 | 4774721 hangemhigh77
hangemhigh77's picture

There's a disclaimer at the door before you go in to his little speech, it reads: Upon the payment of $250,000 you must agree to agree with everything the bearded jerkoff says in his speech.  For an extra 10k you can barf in his face.

Mon, 05/19/2014 - 15:20 | 4774734 kenezen
kenezen's picture

Thank you for the chart that shows what I've been saying for years. "International Corporations" profits and a rising S&P have little to do with America's economy certainly where manufacturing is concerned. This president is destroying any remaining possibility to get heavy industry back to America. Your charts graphically display that for all to see!!  

Mon, 05/19/2014 - 15:28 | 4774760 q99x2
q99x2's picture

Arrest Bernanke for treasonous heresy. Don't let him get away. Impeach Yellen for money-laundering US Treasuries through Brussels.

Mon, 05/19/2014 - 15:32 | 4774770 dizzyfingers
dizzyfingers's picture

      1. Stupid

      2. Liar

Mon, 05/19/2014 - 17:12 | 4775043 Bioscale
Bioscale's picture

3. Stupid mother fucking liar

Mon, 05/19/2014 - 15:49 | 4774821 f16hoser
f16hoser's picture

Bernanke = "Lying Fucking Jew Bastard"

Mon, 05/19/2014 - 15:56 | 4774835 moneybots
moneybots's picture

"BERNANKE SAYS EQUITIES HAVE RISEN BECAUSE ECONOMY IS STRONGER"

 

Stocks followed the size of the FED balance sheet.  Not sure who Bernanke thinks he is fooling.

 


Mon, 05/19/2014 - 15:59 | 4774844 cocoablini
cocoablini's picture

Insanity=Doing something over and over again expecting different results.

Federal Reserve= Monetizing everything not nailed down expecting deflation not to occur

Modern economic theory=Preventing asset deflation over and over again expecting asset inflation is better

Everyone=Assuming inflation and Deflation are about asset prices only...

See Depression

Mon, 05/19/2014 - 16:00 | 4774848 TrustWho
TrustWho's picture

Fuck Bernanke, may his soul never find peace and sleep with the pigs.

Bernanke is a fearful cowardly professor. Einhorn pulls the curtain back more for all to see this coward and small small man. Bernanke says he was following the Japanese money printing model. Do you know what Bernanke advised the Japanese to do in early 90's? His advice is close to the philosophy you read on ZH for the 2007/08 financial crisis. This required to much strength and fortitude for a fearful cowardly professor to execute in the heat of the moment. QE1 saved the world in people's mind. Maybe so and Maybe not, but once you start printing how do you stop?

By the way, how is the Japanese experiment working? Intellectuals say America's major solution to our economic malaise is more education. Using Bernanke as a model, I believe our intellectuals are wrong--once again.

Mon, 05/19/2014 - 16:07 | 4774861 TrustWho
TrustWho's picture

When you cut employees, capital spending and R&D plus use ZIRP money to borrow and buy back stock from public, a high school graduate could boost corporate earnings. 

Do you think we might be sacrificing the future to save the present. Government does this to buy vote, so I guess corporate America is just following their example with all western central banks pleading for them to save the day. All this shit is just pure POPPYCOCK.

Tue, 05/20/2014 - 15:28 | 4774964 evernewecon
evernewecon's picture

 

 

 

 

 

The very next article:

 

http://www.zerohedge.com/news/2014-05-19/more-brilliance-san-fran-fed-ex...

 

Bernanke should've called them first.

 

But, then, eh.   Most people won't know.

 

Too bad those who actually sold the bubble

were shafted.  For them a Toys-R-Us symbol

on the money would be less annoying than

something suitable to oligarchy, like a

pyramid.

 

But it doesn't look like he would've had

a Plan B (not counting democratic process,

presumably.)

 

http://www.zerohedge.com/news/2014-05-17/bernanke-shocker-no-rate-normal...

 

 

 

Mon, 05/19/2014 - 17:22 | 4775057 Comte d'herblay
Comte d'herblay's picture

What all of y'all said.

I'm certain whatever I would have written has been covered.

I'm goin' fission.

Mon, 05/19/2014 - 17:21 | 4775059 BeetleBailey
BeetleBailey's picture

CAN SOMEONE SHUT THIS MOTHERFUCKER UP????!!!

Jesus H. Christ Shalom....FUCKING GO THE FUCK AWAY!

Mon, 05/19/2014 - 17:48 | 4775102 dizzyfingers
dizzyfingers's picture

Since what we're naming the thing that in the US (and the world) doesn't fit the definition of "the economy", what then should it be called?

 

 

Mon, 05/19/2014 - 18:04 | 4775170 SharkBit
SharkBit's picture

Can someone please stick a sock in this guys mouth?  Thanks.

Mon, 05/19/2014 - 18:13 | 4775189 benqbiggis
benqbiggis's picture

The most important thing is he avoided the spiral deflation. heheh

Mon, 05/19/2014 - 18:27 | 4775253 razorthin
razorthin's picture

I hope he realizes that the mob is still making his place the first stop.  Wear a kevlar scarf you asshole.

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