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Fed's Williams Admits "Soft Landings Never Happen... Be Wary Of Excessive Risk"
Fed's Williams and Fisher are talking this morning in an oddly frank (and concerning) manner...
- WILLIAMS SAYS 'SOFT LANDINGS' IN MONETARY POLICY NEVER HAPPEN
- WILLIAMS: FED NEEDS TO CONTINUE TO BE WARY OF EXCESSIVE RISK
- Williams says our extraordinary policies could have adverse consequences down the road
- Fisher must be wary of markets potential to overshoot
So, we have had Tarullo (Feb) and Yellen (May) warning of bubbles in small caps and credit and now Williams and Fisher sounding some alarms... Don't fight the Fed! (unless the Fed says 'sell') It seems the market is heeding the message in the short-term...
And then there's this:
- *FISHER CONCERNED THERE’S ‘ALMOST NO VOLATILITY IN MARKETS’
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fed's williams admits: we are clueless apes on the eocnomy because none of us have ever worked a day in our lives outside of academia...
Clueless apes getting fabulously rich.
What about the Greenspan Fed theory that it is better to clean up after a bubble than to address the bubble itself?
I do remember Greenspan actually did say that.
What he probably meant however was that it was better for the ordinary citizens to clean up AFTER the bubble while the extraordinary citizens get to clean up DURING the bubble...
"It has now been 468 days since a market correction of 10 per cent or more, the fourth longest period on record" -SocGen
#winning!
They hope to crash the market and then buy back at pennies on the dollar.
At what point is it a buy?
Sure but the price of rope will inflate like mad.
Prediction: Some day these guys will pay for new ropes with their lives and everything they own.
They are clueless and/or they lie. ZIRP (etc.) encourages malinvestment.
Liars and bad investments destroy capital and so the economy.
A sign of a bad economy is parasitical jobs. *sigh*
http://goo.gl/z62cgf
***
The deck is stacked. YOU should stack too.
A genius who places little value in what they don't know will forever and always be ignorant compared to the man who respects his intelectual limitations.
No shit! What a fucking genius!
"Take your protein pills and put your helmet on"
- David Bowie
Then put your head between your legs and kiss your ass goodbye!
People are still front-running Fed idiocracy and taking profits...
no shit, thanks captain obvious.
So, let me see... minor correction then blast off in equities. Got it.
But ... but ... I thought they could print until ... what? ... doomsday?
I guess domesday has almost arrived.
Is that why Goldman is building a new corporate fortress in Utah?
I wonder if they have a microwave link to the NSA closeby...hmmm
I wonder if they have a microwave link to the NSA closeby...hmmm
I wonder if they have a microwave link to the NSA closeby...hmmm
wow, that might take a whole .10 percent out of the NASDAQ for like 10 or 15 mins...
these people are like chimpanzees with loaded handguns
That sounds like a party! Really, that would be kind of fun.
Fisher & Williams in unison: "LOOK A SQUIRREL."
Buy the dip
Pssst.
$103.
Yes crude is $103.
stagflation.
Abundance!
I'll offer up what I claim is a better estimate of oil impact on US GDP than you will find elsewhere. Mostly because it is simple.
US net oil imports. 7 million bpd. Price of imports is Brentish at $109. That's 7 X 109 = $763 million per day leaving the US.
US GDP is 17.4 Trillion. $763 million X 365 = 278 Billion per year leaving the country.
This is 1.6% of GDP. A $10 change upward becomes 1.745% of GDP. A drag.
If this is "stagflation" then why aren't interest rates going up?
This isn't the 70's fonz...
well it's no growth coupled with inflation. however it won't be cured by rising rates. it will be cured by telling everyone growth is just around the corner and there is no inflation.
the key is getting all your money into yelp and linkedin while there is still time.
THAT is an excellent, actionable, macro-level solution to the problem Fonz. If we all just get on board with Yelp and Linked In, I think the economy's going to weather this storm just fine. What about TWTR? Is it time to buy the dip?
Also, I personally think the Treasury market's a great place to be right now - first, who WOULDN'T want to lend the esteemed folks in Washington more money to pursue their worthy programs? And second, although the coupon sucks, I'm confident that as rates continue to decline (as the weather improves) the capital gains will more than compensate for the low interest income.
looks like they are just testing the computers to make sure that they don't hit sell when an unforseen headline hits. Either that or they know we are so fucked they just want to be on record for having said so.
"You can't say we didn't warn you."
Market "participants" never look at things this way tho.
Always want someone to blame.
Who cares what they say or think? Nothing makes sense anymore and one need only look at valuations and shitty fundamentals to know where all this is heading. Playing the stock game now is like picking up nickels in front of a steam-roller.
Playing the _ game is like picking up nickels in front of a steamroller.
I know I know gold gold gold. operators are standing by.
<-- what a chatterbox
<-- stfu williams
What? Just because gross margin balances are 50% larger than 2008? What could go wrong?
The Fed Funds rate will have to go to 15% to soak up 5 yaers of QE.
New currency before that happens
Since so much is sitting in excess reserves at the banks why does it need to go that high? Isn't this also one of the reasons rates are so low and inflation hasn't hit the full-retard level it should? I mean we all know it's bad but the sheer amount of QE should have put us at $7 agalon gass and $5.50 milk by now right?
Off topic but take it for what it is worth, some odd coincidences or are they something else.
Abraham Lincoln was elected to Congress in 1846.
John F. Kennedy was elected to Congress in 1946.
Abraham Lincoln was elected President in 1860.
John F. Kennedy was elected President in 1960.
Both were particularly concerned with civil rights.
Both wives lost a child while living in the White House.
Both Presidents were shot on a Friday.
Both Presidents were shot in the head.
Now it gets really weird.
Lincoln's secretary was named Kennedy.
Kennedy's Secretary was named Lincoln.
Both were assassinated by Southerners.
Both were succeeded by Southerners named Johnson.
Andrew Johnson, who succeeded Lincoln, was born in 1808.
Lyndon Johnson, who succeeded Kennedy, was born in 1908.
John Wilkes Booth, who assassinated Lincoln, was born in 1839.
Lee Harvey Oswald, who assassinated Kennedy, was born in 1939.
Both assassins were known by their three names.
Both names are composed of fifteen letters.
Now hang on to your seat.
Lincoln was shot at the theater named "Ford."
Kennedy was shot in a car called "Lincoln" made by "Ford."
Booth and Oswald were assassinated before their trials.
And here's the "kicker":
A week before Lincoln was shot, he was in Monroe, Maryland.
A week before Kennedy was shot, he was with Marilyn Monroe.
AND...................
Lincoln was shot in a theater and the assassin ran to a warehouse...
Kennedy was shot from a warehouse and the assassin ran to a theater...
And the real kicker.....Both were about to go against the bankers to bring them down. Cycles repeat about every 100 years.
Is the math of the universe random or systemic?
Understand that the real owners are into ritual sacrifice. When you own the empire you can do it on a grand scale including the set up that no one would pick up on unless they understood this and what the owners believe in. You may think it is poppycock or susperstition but it ain't about you or me either or what we think now is it.
So with that in mind some basic numerology to give you an idea of the mindset. Whether you believe in numerology or not is not the point, it is to get an insight into the minds of inbred elites and the owners. The older and more inbred the groups/tribes and individuals get the crazier they get concerning this stuff.
1 = light, wisdom, ying
0 = dark, compassion, yang
They are root numbers, all numbers are born from 1 and 0
10 is balanced, 100 is unbalanced in favor of dark.
Truth is surpressed in 100 in favor of darkness along with a loss of wisdom through illusion usually.
100 is also the symbolic number of martyrdom for the Roman Catholic Church according to Saint Augustine of Hippo.
3 = sacrfice in numerology
5 = personfication of democracy, public power, mass appeal in numerology
15 = perfect 3 dimensional expression of 3 * 5 also not numerology 15 was the length of the cross Joshua aka Jesus was cruxified on.
Kennedy was also the first Roman Catholic President. He was carefully groomed along with the set up for sacrifice by the owners...
This same little set of coincidences was all the rage in the 60's.
And the same owners still are the head of the empire as today and still believe in the same numerology and symbolism...
My potatoes are round, your potatoes are....eeeewwww....what happened to your potatoes?!!
Markets could overshoot?!?
It is what happen when you give a lighter and a pile of money to burn to the ethically challenged.
The First disclaimer from the FED. Now they can say, "we warned you, not our fault".
If Fisher is concerned about the lack of volatility in the markets all he need do is call up Kevin Henry and tell him
to stop selling it - problem solved.