This page has been archived and commenting is disabled.

Stocks Slump As Fed's Bullard Warns The Market Is Wrong

Tyler Durden's picture




 

"Markets don't appreciate how close the Fed is to its goals," and thus tightening is the warning from the usually quite dovish Jim Bullard.

  • BULLARD SAYS MARKETS DON'T APPRECIATE HOW CLOSE FED IS TO GOALS
  • BULLARD SAYS HE'S TRYING TO PUT EMPHASIS ON CLOSENESS TO GOALS
  • BULLARD: MARKETS SHOULD BE PRICING IN RATE INCREASES BASED ON WHAT THE FED SAYS
  •  BULLARD: ECONOMY SHOULD BE ABLE TO HANDLE IT IF WE BEGIN TO PULL BACK FROM WHERE MONETARY POLICY IS NOW

Remember, don't fight the fed - unless they say sell?

 

 

And it seems the market that is 'wrong' is stocks; as bond yields continue to tumble to 4-week lows. Consider for a moment the many reasons why bonds would be here and now thanks to Bullard, they are front-running the equity sell-off (knowing that once stocks dump, it will all go into duration).

 

Chart: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 06/26/2014 - 09:47 | 4897418 madbraz
madbraz's picture

bill dudley gonna call him for a pep talk:

"buddy, i'm lifting boulders here every day to keep this turd afloat, cut me some slack and retract. now!"

Thu, 06/26/2014 - 09:50 | 4897435 AlaricBalth
AlaricBalth's picture
  • BULLARD: MARKETS SHOULD BE PRICING IN RATE INCREASES BASED ON WHAT THE FED SAYS

Mr. Bullard. Perhaps the markets have become a bit jaded as to what the Fed has to say.  The Fed is losing credibility.

Thu, 06/26/2014 - 09:58 | 4897480 max2205
max2205's picture

All those +100 PE stawks.  Kaboom

Thu, 06/26/2014 - 10:03 | 4897509 nink
nink's picture

We need more bad news I got bills to pay

Thu, 06/26/2014 - 10:20 | 4897590 nuclearsquid
nuclearsquid's picture

what is it, 5 weeks till the prelim Q2 GDP print?  Time for new goals.

Thu, 06/26/2014 - 10:38 | 4897671 RevRex
RevRex's picture

But bad news makes the markets go up under Obama.....

Thu, 06/26/2014 - 11:25 | 4897876 lordylord
lordylord's picture

Markets are wrong and central planners are right.  I'm laughing.

Thu, 06/26/2014 - 11:49 | 4898023 Meat Hammer
Meat Hammer's picture

Ivy League hubris strikes again.

Thu, 06/26/2014 - 13:40 | 4898563 TheRideNeverEnds
TheRideNeverEnds's picture

just buy the dip and thank the FED for the opportunity to collect more free money.

Thu, 06/26/2014 - 13:53 | 4898652 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

..so is John Corzine..

Thu, 06/26/2014 - 10:20 | 4897591 Headbanger
Headbanger's picture

Nope.    This is exactly as I predicted here many times before that the Federal Reserve is faced with saving its own ass now it will lose if it doesn't prevent the U.S. dollar from becoming worthless paper if it stops being the global currency.

And so they're saying FUCK YOU BARRY AND YOUR STUPID BULLSHIT CAUSING ALL THIS CRAP!

The crash is just starting

Party over.

Thu, 06/26/2014 - 12:18 | 4898165 Lord Koos
Lord Koos's picture

It's all Obama's fault.

Thu, 06/26/2014 - 10:23 | 4897608 nink
nink's picture

OK Looks like keven was just late for work today.  Things are getting back to normal.  AMG BENZ or Audi R8

Thu, 06/26/2014 - 10:10 | 4897537 The Limerick King
The Limerick King's picture

 

 

The blowers of bubbles are many

There's Alan, and Janet, and Benny

But now enters Jim

With news that is grim

Now stocks have low value...if any

Thu, 06/26/2014 - 15:10 | 4899133 marathonman
marathonman's picture

Where ya' been LK?  We've missed you.

Thu, 06/26/2014 - 09:59 | 4897486 kliguy38
kliguy38's picture

The real target of Bullard's meme is GOLD ... They are desperate to stop the actual bullion buying and are pulling out their mouth pieces 

Thu, 06/26/2014 - 10:25 | 4897616 Headbanger
Headbanger's picture

I agree!  It's because they're trying to devalue the gold held by Russia and China and India so those nations don't have as much money to build up their military forces against Western counties.

This is all about the global war clouds looming over us now

Because Obama!

Thu, 06/26/2014 - 10:41 | 4897687 caconhma
caconhma's picture

THe only way the FED can today keep US economy afloat is to keep printing money.  All this money has to go somewhere: financial markets, real estate, student and car loans, welfare, etc.,

 

The safest area to inflate is financial markets. High inflation in the Main Street leads to political instabilities and the banking mafia cannot take this chance.

 

So FED will continue BS talking!

Thu, 06/26/2014 - 10:42 | 4897688 caconhma
caconhma's picture

THe only way the FED can today keep US economy afloat is to keep printing money.  All this money has to go somewhere: financial markets, real estate, student and car loans, welfare, etc.,

 

The safest area to inflate is financial markets. High inflation in the Main Street leads to political instabilities and the banking mafia cannot take this chance.

 

So FED will continue BS talking!

Thu, 06/26/2014 - 10:05 | 4897510 undercover brother
undercover brother's picture

Bullard is either lying through his teeth or he's the dumbest fed governor ever.  

Thu, 06/26/2014 - 10:08 | 4897524 SoilMyselfRotten
SoilMyselfRotten's picture

They're mini-puking on gold as we speak.

Thu, 06/26/2014 - 10:40 | 4897684 RevRex
RevRex's picture

Silver is still up though

 

 

my 2 cents

Thu, 06/26/2014 - 11:19 | 4897852 venturen
venturen's picture

FED speaking fee from the criminals on wall street should be a guide to knowing where they believe their allegiances lay. FED governors should never be able to receive speaking fees...EVER! But Tim 7-Figure Geithner is a prime example of why the regulators reward the criminals! 

Thu, 06/26/2014 - 10:13 | 4897549 NotApplicable
NotApplicable's picture

Why not both?

Thu, 06/26/2014 - 13:24 | 4898468 Cruel Aid
Cruel Aid's picture

Hasn't he always been this way? Lone voice

Thu, 06/26/2014 - 10:11 | 4897545 Stoploss
Stoploss's picture

Somebody tell Bulltard that if they stop monetizing, a 1 will appear next to the 2, and that will be your new inflation rate.

SHOCKING that he doesn't realize the only thing keeping their inflation rate down is the deflatioary inducing relentless monetization...

 

BWTFDIK...........

Thu, 06/26/2014 - 09:51 | 4897445 PartysOver
PartysOver's picture

Fed can not control the demise of the PetroDollar.  So what is next?

Thu, 06/26/2014 - 09:55 | 4897468 LetThemEatRand
LetThemEatRand's picture

When MOAR! fails, there's always the thing that rhymes with it.

Thu, 06/26/2014 - 09:56 | 4897474 fonzannoon
fonzannoon's picture

That dude Carney said the same thing about rates and then pussed out. Pussies...all of them

Thu, 06/26/2014 - 10:05 | 4897514 Kaiser Sousa
Kaiser Sousa's picture

look at the chart of the last 3 days and see how at the very same time there is a obvious effort to keep Silver below $21.....

http://www.kitco.com/charts/livesilver.html

Thu, 06/26/2014 - 10:22 | 4897606 Lin S
Lin S's picture

Double down and launch a third world war?

Thu, 06/26/2014 - 14:27 | 4898876 Zymurguy
Zymurguy's picture

They can but not overtly.  The abandonment of the Petrodollar will result soon in some horrific covert operations to scare those leaders away from leaving the dollar.  If that doesn't work, it's gonna be fargin' war!

Thu, 06/26/2014 - 09:50 | 4897421 LawsofPhysics
LawsofPhysics's picture

"Markets"...   LMFAO!!!

 

Wall Street is becoming less and less relevant to real markets every fucking second.

Raise rates you say?  Earn a decent no risk return again?  Oh "the horror".  Bring it motherfucker.

Good luck with those liabilites U.S.S.A. when those rates go up.

Not. going. to. happen.

Thu, 06/26/2014 - 10:29 | 4897630 RaceToTheBottom
RaceToTheBottom's picture

This fake market is so simple even a caveman could do it....

Thu, 06/26/2014 - 10:33 | 4897641 Winston Churchill
Winston Churchill's picture

The only way out of their self made trap is WOAR.

USD's aren't worth much when everyone is dead though.

Thu, 06/26/2014 - 10:58 | 4897757 LawsofPhysics
LawsofPhysics's picture

Yes, but it fixes the scarcity issue and allows "growth" to start again...

Let me be clear, it either you or them, period. 

Roll the motherfucking guillotines, nothing changes otherwise.

Thu, 06/26/2014 - 09:48 | 4897424 madcows
madcows's picture

Market is Down.  Repeat, Market is Down.  Code Red.  Scramble all Pumpers.  Kevin Henry Report to the Main POMO station.

Thu, 06/26/2014 - 09:49 | 4897427 madbraz
madbraz's picture

200 day moving average is calling.

 

first stop in a long trip.  and no one gets out!

Thu, 06/26/2014 - 09:49 | 4897429 huggy_in_london
huggy_in_london's picture

CNBC Anchor : "Get Tepper on line 1..."

Thu, 06/26/2014 - 09:49 | 4897432 timmeh
timmeh's picture

X3 LONG NQ100 FUT @~1800

 

Thu, 06/26/2014 - 11:07 | 4897784 timmeh
timmeh's picture

yeeeeehaaaaaa

Thu, 06/26/2014 - 09:50 | 4897433 Boston
Boston's picture

Stocks slip and the US 10yr yield dips....some more.

One of these weeks, the S&P will "dip" by 80-100 points and the 10yr yield will crash below 2.4%.

Thu, 06/26/2014 - 09:59 | 4897490 max2205
max2205's picture

We tu lo

Thu, 06/26/2014 - 09:51 | 4897444 Ness.
Ness.'s picture

Yikes - what is this strange color on my equity charts?  

 

Tyler's, please refrain from posting an article about the fall in stocks until a later date.  Let's enjoy this for a while.

Thx in advance.

Thu, 06/26/2014 - 09:52 | 4897447 vote_libertaria...
vote_libertarian_party's picture

Ohhhhhhh...that's why bonds are being bid up, because he says expect the dominant buyer over the past 5 years to step away as supply increases....

wait...what???

Thu, 06/26/2014 - 10:09 | 4897533 youngman
youngman's picture

strange bond market...very strange...

Thu, 06/26/2014 - 09:53 | 4897450 Shizzmoney
Shizzmoney's picture

Fed board members (who work hand in dick wiht Wall St) to Bullard: "Dude, WTF are you doing!!!!!!!"

This could be a "headfake" to get markets to sell b/c they are worried about the social backlash.  I know Mark Carney has been "threatening" to raise rates in the UK for months to keep bondholders from selling off (but we all know THAT ain't happening).

Thu, 06/26/2014 - 09:53 | 4897451 More_sellers_th...
More_sellers_than_buyers's picture

Can we please just go back to the days when no one fucking knew what the Fed was going to do? They weren't a political animal with press conferences and shit, getting invited to Hamptons parties and DNC fundraisers marrying "reporters" and thinking they are untouchable.  20 years ago all of this shit was unthinkable

Thu, 06/26/2014 - 22:57 | 4897746 RaceToTheBottom
RaceToTheBottom's picture

The Friggin Maestro....

And the rest of the Committee to save the World, they suck.....

Thu, 06/26/2014 - 09:53 | 4897452 digitlman
digitlman's picture

What's that smell?

 

Oh yeah - DESPERATION.

Thu, 06/26/2014 - 09:56 | 4897473 timmeh
timmeh's picture

smells like new record highs to me.

Thu, 06/26/2014 - 10:06 | 4897515 what's that smell
what's that smell's picture

bull-tard said markets are overpriced?  so the bull-market is kaput?

all good muppets go straight to dead-muppet heaven.

make sure you load up on overpriced, soon-to-be-worthless puts 'cause the FED's bulltard told you so.

"markets can float on bs longer than muppets can hold their breath."

Thu, 06/26/2014 - 10:20 | 4897572 timmeh
timmeh's picture

i don't care what those assholes say, i care about what they do, and they don't do muchv except of creating short-term opportunities for short/long.

Thu, 06/26/2014 - 09:54 | 4897457 Seasmoke
Seasmoke's picture

Could be that everyone has lost FAITH in the Fed. 

Thu, 06/26/2014 - 09:55 | 4897469 mayhem_korner
mayhem_korner's picture

ECONOMY SHOULD BE ABLE TO HANDLE IT IF WE BEGIN TO PULL BACK FROM WHERE MONETARY POLICY IS NOW

 

Interesting comment on the heels of the Fed policy authoring a -2.9% print in Q1. 

Thu, 06/26/2014 - 09:56 | 4897471 Sutton
Sutton's picture

What he meant to say "Whoa Nellie! Look at the F?!$'in inflation that's a comin'"

Thu, 06/26/2014 - 09:59 | 4897488 undercover brother
undercover brother's picture

If Yellen says stocks are not in a bubble, and Bullard says housing is not in a bubble, you can be pretty sure they are both in bubbles.  

Thu, 06/26/2014 - 10:03 | 4897505 Racer
Racer's picture

"UPDATE 1-Fed's Lacker says U.S. jobless rate accurate gauge of labor slack"

Ha ha ha haaa..... ROFLMAO.... oh, my sides, my sides...... ha ha ha.....

Thu, 06/26/2014 - 10:03 | 4897506 infinity8
infinity8's picture

Alright, seriously. I'm in dire need of bifocals right now (first time). Don't have them yet. What the fuck am I looking at today?

Thu, 06/26/2014 - 10:04 | 4897508 jmcadg
jmcadg's picture

Sorry, Bullard said what, ... Smash the metals.

Oh of course, I thought I mis-heard him.

Thu, 06/26/2014 - 10:33 | 4897644 infinity8
infinity8's picture

You can't destroy the metals: http://www.youtube.com/watch?v=qR7U1HIhxfA

(Tenacious D)

Thu, 06/26/2014 - 10:05 | 4897511 spellbound
spellbound's picture

"Markets don't appreciate how close the Fed is to its goals," and thus tightening is the warning from the usually quite dovish Jim Bullard.

 

If its goal is to destroy the US and world economies, then, yes, it is very very close. It's been at it since 1913.

Thu, 06/26/2014 - 10:07 | 4897516 1stepcloser
Thu, 06/26/2014 - 10:06 | 4897517 digitalindustry
digitalindustry's picture

Bullish ?

Thu, 06/26/2014 - 10:06 | 4897519 Sudden Debt
Sudden Debt's picture

I'll appreciate the FED when silver is at 500 and gold at 10000 :)

Thu, 06/26/2014 - 11:15 | 4897824 venturen
venturen's picture

THE ZIMBABWE SOLUTION!

Thu, 06/26/2014 - 10:07 | 4897521 replaceme
replaceme's picture

You say you are lying, but if everything you say is a lie, then you are telling the truth, but you cannot tell the truth because everything you say is a lie, but you lie... You tell the truth but you cannot for you lie... illogical! Illogical! Please explain! You are The Fed. Only The Fed can explain their behavior! Please explain! BTFATH OR NOT?!?

 

Thu, 06/26/2014 - 10:07 | 4897522 toros
toros's picture

Exactly who does Bullard expect the "market" to sell to if the FED isn't buying?

Thu, 06/26/2014 - 10:08 | 4897523 SheepDog-One
SheepDog-One's picture

Fed says we're almost to Wally World kids! Lets sing a song...anyone got a tune?

Thu, 06/26/2014 - 10:55 | 4897747 viahj
viahj's picture

Ring around the rosey or London Bridge falling down?

Thu, 06/26/2014 - 10:10 | 4897534 kahunabear
kahunabear's picture

Bullard full o bull. Fed will back pedal and print at the slightest sign of weakness. 

Thu, 06/26/2014 - 10:36 | 4897662 SheepDog-One
SheepDog-One's picture

Or, maybe that's just what they want everyone think.....'Aw Bullard is just full o bull, the fairy tale printing just goes on forever, I'm goin all-in on this dip! Green by close for sure!'
Well I'm not betting on it.

Thu, 06/26/2014 - 12:08 | 4898123 Meat Hammer
Meat Hammer's picture

Crashing this bitch and buying the globe at pennies on the dollar is and always has been their ultimate goal.  Great Depression 2.0.  Never forget that.

Thu, 06/26/2014 - 10:11 | 4897539 Buggy
Buggy's picture

The day will end green.

Thu, 06/26/2014 - 10:21 | 4897600 yogibear
yogibear's picture

William Dudley's NY Fed's trading desk people will ensure that.

Thu, 06/26/2014 - 10:28 | 4897542 buzzsaw99
buzzsaw99's picture

BULLSHIT! zirp 4evah bitchez

pathetic attempt to generate trading volume

 

 

Thu, 06/26/2014 - 10:11 | 4897544 dobermangang
dobermangang's picture

 Might be time to crash the market to make the masses forget about the scandals and incompetence at the White House.

 

 · 20h

"Apparently, the leading cause of hard drive failures is subpoenas."

Thu, 06/26/2014 - 10:14 | 4897548 Racer
Racer's picture

"Fed's Bullard sees 2.4 pct inflation by end of 2015"

WTF, we all know how good at seeing things the Fraud is... so they put the decimal point in the wrong place, anyway, when did the US have a decimal system?
That means it will be 24% inflation by the end of 2015.

Thu, 06/26/2014 - 10:13 | 4897552 Bill of Rights
Thu, 06/26/2014 - 10:20 | 4897583 nink
nink's picture

Thats cause everyone is paying Cash these days cause the economy is so strong

Fri, 06/27/2014 - 13:58 | 4902994 donsluck
donsluck's picture

Nink, I know you're being sarcastic, but what if those with liquidity are simply desperate for yield? That would explain the level of cash offers.

Thu, 06/26/2014 - 11:30 | 4897915 SheepDog-One
SheepDog-One's picture

Just in Charlotte, BofA HAD 540 'motgage workers'? WTF? How is that even possible? I'd think at most you'd need maybe 20 'mortgage workers' tops for a mid sazed city....what were these people doing all day?

Thu, 06/26/2014 - 10:15 | 4897555 undercover brother
undercover brother's picture

hey, don't worry stock traders, the fed will release a clarification momentarily........OR.....they will turn on the levitator algo and V reverse the small early sell off yet again.

Thu, 06/26/2014 - 10:16 | 4897558 firstdivision
firstdivision's picture

Someone jammed their 'Sell Vol' button on their keyboard.  With Bullard saying this, I would expect that K-Hen's finger is off his 'Sell Vol' button.  Someone fighting the Fed, or broken coding by Fed running on Citadel's server not '/Stop'? 

K-Hen, try CTL+Break/Pause

Thu, 06/26/2014 - 10:18 | 4897574 nink
nink's picture

WTF is gold crashing  oh yeah it's only paper

Thu, 06/26/2014 - 10:19 | 4897581 insanelysane
insanelysane's picture

The FED took QE too far because they thought they would have been out of the recession a couple of years ago.  They realized they needed to start un-QEing last year but they also probably figured they could do it very slowly.  The Russia China alliance are forcing them to speed up as they attempt to "strengthen" the dollar.  Throw in the fact that America is losing control in the Middle East and Americans are reluctant to go to war and you have even more reason to need a stronger currency.

Thu, 06/26/2014 - 10:20 | 4897589 oklaboy
oklaboy's picture

Danger, Will Robinson, Danger.........................

Thu, 06/26/2014 - 10:20 | 4897593 juggalo1
juggalo1's picture

Why are bond prices rising on this news?  Shouldn't rising rates hurt bonds too?  Especially long bonds?  All the talking heads have been screaming to get out of bonds and into stocks due to rising rates.  Now there's a threat of rates rising and stocks crash and bonds rise?  WTF?

Thu, 06/26/2014 - 10:21 | 4897594 IronShield
IronShield's picture

These mofos must not realize that there's an important soccer game today!

Thu, 06/26/2014 - 10:22 | 4897596 tecno242
tecno242's picture

Bonds think he's full of shit and so do I.  10Y yield -1.33%

what FED wanted with that statement....  10Y yield +3%... Stocks flat or up after deciding this meant things are improving.

what FED got... plunging market and bond yields. 

ooops.. 

Some control I think you have lost..  cloudy is the future.

Thu, 06/26/2014 - 10:23 | 4897610 kowalli
kowalli's picture

fed forgot to start buying, nothing to see here....

Thu, 06/26/2014 - 10:23 | 4897611 sudzee
Thu, 06/26/2014 - 10:25 | 4897614 Hohum
Hohum's picture

With the ZH dissemination of Bullard's message, stocks should rebound immediately.

Thu, 06/26/2014 - 10:30 | 4897632 GrinandBearit
GrinandBearit's picture

As usual.

Thu, 06/26/2014 - 10:28 | 4897624 Calculus99
Calculus99's picture

The Fed is just one wafer thin mint away from goldilocks/perfection/nirvana etc

<iframe width="420" height="315" src="//www.youtube.com/embed/HJZPzQESq_0" frameborder="0" allowfullscreen></iframe>

Thu, 06/26/2014 - 10:28 | 4897626 The Most Intere...
The Most Interesting Frog in the World's picture

Whew, that was close.  It looks like the Fed and public corporations stepped in and put a floor under the market.  Enough of these .1% corrections!  Might heart can't take this kind of volatility...

Thu, 06/26/2014 - 10:29 | 4897629 GrinandBearit
GrinandBearit's picture

The algos have 100% control of the market.

Daily moves below -150 points are not permitted.

The algos buy/support all the dips.

 

Thu, 06/26/2014 - 10:31 | 4897635 the grateful un...
the grateful unemployed's picture

Greenspan never allowed the fledglings to speak like this. Bernanke had a dovish majority, then he retired and one less dove, and very little leadership evidently. we dont know where the economy is going, the data is noisy. come on this fed is a rudderless ship. if this board starts freestyling the market will naturally take a dump.

Thu, 06/26/2014 - 12:07 | 4897650 buzzsaw99
buzzsaw99's picture

nothing new. the fed voices two opposite opinions hourly. it is alll to spook someone into making a move so that the algos can grape them coming and going.

Thu, 06/26/2014 - 10:31 | 4897638 BullyBearish
BullyBearish's picture

At this point, it's all about the CHURN...must get banks MOAR capital through prop trading...kick the can and continue to enrich the banks on range bound market

Thu, 06/26/2014 - 10:43 | 4897698 the grateful un...
the grateful unemployed's picture

the rule in kick the can is that the can always stays in front of you. the can is inflation, and the kicker is bond yields, negative returns extend as far as the eye can see

Fri, 06/27/2014 - 14:03 | 4903022 donsluck
donsluck's picture

In your analogy the slope would be debt load. As he continues to kick, the slope gets higher and higher. At some point that can falls on his head!

Thu, 06/26/2014 - 10:43 | 4897700 Wahooo
Wahooo's picture

You know what to do.

Thu, 06/26/2014 - 14:06 | 4898729 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

   You know what to do.

 

..Lie?- (no that's default)..

Thu, 06/26/2014 - 10:44 | 4897702 thismarketisrigged
thismarketisrigged's picture

o please bullard, u r a fucking tool, we know u r one of the feds many puppets.

 

this ''market'' will be green or close to by days end, its a fucking joke.

Thu, 06/26/2014 - 10:44 | 4897704 Perimetr
Perimetr's picture

If the goal of the Fed is to destroy the dollar and the US economy through QE, I would say that yes, they have accomplished their goal.

Fri, 06/27/2014 - 14:04 | 4903031 donsluck
donsluck's picture

Protect and re-capitalise the banks. That is the ONLY FED mission.

Thu, 06/26/2014 - 10:47 | 4897714 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Let me get this straight--inflation is obviously good for gold, but that same inflation will lead to rising rates which is bad for gold. So every time we have an inflation warning gold pops up, only to be smashed down by everyone thinking through the inevitable rise in interest rates.

I know, I know...for thost only concerned about stacking until the whole system collapses, these are academic questions of no importance. 

Thu, 06/26/2014 - 10:55 | 4897745 Yen Cross
Yen Cross's picture

      BULLARD SAYS MARKETS DON'T APPRECIATE HOW CLOSE FED IS TO GOALS

   Goals like the 50 million strong free shit army, and labor rate participation at lows not seen since the 70's.

   Goals like $106.00 oil, and food prices that have more than doubled over the last 5 years.

   Goals like the huge bubble in personal and student debt through ZIRP policies.

   Goals like stealing from and destroying the middle class, and enriching the very people that caused the problem, through ZIRP policies.

      If those are the goals Bullard is speaking of , then yes mission accomplished...

     

Thu, 06/26/2014 - 11:38 | 4897969 juggalo1
juggalo1's picture

From CPI calculation at bls.gov food index was 238.103 in 4/14 and 215.783 in 4/09.  About a 10% increase 2% annually.  Right on target.  Oil at 106 per barrel is lower than the '08 peak, and stable for the last 5 years after the financial crash dip.

Oh but that's right, federal government statistics can't penetrate your tin-foil hat. 

Thu, 06/26/2014 - 10:56 | 4897750 The worst trader
The worst trader's picture

Thankyou for another chance to BTFD!

Thu, 06/26/2014 - 10:58 | 4897758 The worst trader
The worst trader's picture

If the economy was realy in great shape no of this would matter............... so it must be then rite? BTMFD!

Thu, 06/26/2014 - 10:58 | 4897759 GFORCE
GFORCE's picture

Can't wait til the real stock bubble. You'll all be jumping from rooftops.

"Stocks up/gold down = rigged, stocks down/gold up = yay!" Amatuer as it gets.

 

Thu, 06/26/2014 - 11:07 | 4897786 the grateful un...
the grateful unemployed's picture

in ten years the DOW JONES average will have at least one gold mining company stock and probably two. these guys are like sharks they follow the blood.

Thu, 06/26/2014 - 11:14 | 4897818 venturen
venturen's picture

What goal are they close to...total subjection of the middle class? The biggest rip off in history? A war between the underclass and their overlords? 

Thu, 06/26/2014 - 11:33 | 4897938 TWFTG
TWFTG's picture

With a few trillion here buying stocks and others there buying T bonds we are going be fine !!

Remember the Fed top 5 ideas:

  1. Stop listing doomers and gloomers.
  2. Dont fight the Fed.
  3. Gold is not money
  4. This time is diferrent
  5. We have a great recovery 

Yellen .- 

Thu, 06/26/2014 - 11:51 | 4898028 Haager
Haager's picture

You forgot to mention the non-bubbling character of stocks, housing, CEO-salaries etc...

Thu, 06/26/2014 - 12:26 | 4898210 moneybots
moneybots's picture

"Fed's Bullard Warns The Market Is Wrong"

 

Doesn't Bullard know the market is never wrong?

 

 

Thu, 06/26/2014 - 12:29 | 4898220 moneybots
moneybots's picture

""Markets don't appreciate how close the Fed is to its goals," and thus tightening is the warning from the usually quite dovish Jim Bullard."

 

Markets don't appreciate FED mouthpieces spoiling the party.

Thu, 06/26/2014 - 12:31 | 4898229 moneybots
moneybots's picture
  • BULLARD: ECONOMY SHOULD BE ABLE TO HANDLE IT IF WE BEGIN TO PULL BACK FROM WHERE MONETARY POLICY IS NOW

 

The economy is handling it.  Revised GDP was down 3% in the first quarter.

Thu, 06/26/2014 - 12:34 | 4898250 moneybots
moneybots's picture

BULLARD: MARKETS SHOULD BE PRICING IN RATE INCREASES BASED ON WHAT THE FED SAYS

 

The FED said about 3 months after the end of QE, then said ignore that.  So just what is the market supposed to be pricing in based on what the FED says?

Thu, 06/26/2014 - 12:58 | 4898355 robochess
robochess's picture

How can a non-voting member have so much impact? I don't get it... this fuck doesn't have a vote just a fuckin' opinion and the mkt reacts. I know this shit goes on all the time, every day... but this one really is bullshit as is anything coming from Fed lips voter or non-voter.

Thu, 06/26/2014 - 13:52 | 4898642 ilovemilken
ilovemilken's picture

We are going to close in positive territory.

Thu, 06/26/2014 - 14:12 | 4898782 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

-a Polish mine sweep comes to mind, as someone earlier offered, it seems like maybe stimulating the churn is all this is about anymore.

It can be easily dismissed as an 'off the cuff' remark made by a non voting member hoping muppets will see it as a windfall buying opportunity.

rinse, repeat.

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