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Cleveland Fed Head Unleashes The "C" Word
Newly minted Cleveland Fed Head Loretta Mester appears to have snuffed out the candle of hope that all is well in the world of financial markets. Pulling what can only be described as a "Juncker", she just unleashed the 'c' word...
h/t @michaelsderby
* * *
We can only assume she chose not to look at Treasury repo rates, Fails-to-Deliver, or corporate bond liquidity - just to name 3 entirely broken, fragile, Fed-demolished markets...
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C
Clueless
Carpetbagger
Corrupt
Time to take Chips off the table.
did you cash out or just move it to a different type of paper? just wondering. I don't think there is anywhere safe to hide.
... “the C-word”
I was looking for my favorite “cunt”, but… it ain’t there…
I feel cheated… and neglected? ;-)
Looney
These people are fucking delusional. I see signs of revolt starting to be the next phase.
things that are "C"ontracting tend to fit into smaller "C"ontainers
Corzine
Chosen?
There can be only one chosen one.
Catastrophe.
Comical Ali.
Crazy clueless clown cabal cannot contain country's careen concerning certain complete catastrophic collapse
Silver For The People
I reserve that word for very few people, like Hildabeast, Piglosi, Boxer, Ginsberg, and the wookie... Hubristic, Left wing moonbats that want to rule me. Hey, C&*!$ I'm not your subject, go to hell.
Contained "for now", I agree. Contained later? We shall see.
While you can't eat paper, you can eat food you bought with paper while it was still worth something.
Jack of all trades, Mester of none.
The Fed's mandate is to jack-off all trades of their primary dealers. Fiat crack dealers that is.
And that aint no way to run a country.
C is for"Cookie" it's good enough for me
Criminal, Contagion? Conflagration? cockswabber? contempt?
Conundrum, cock suckers, creeps, crooks, confounded, unConstitutional.
Realeasing the C word. Must be cunt on Yellen. We all knew Benny was a furry faced cunt. Hillary is a fat ass cunt.
I tried to trade cuntz, but the spread was too wide and too massive liquidity.
They are so dumb they repeat their own moronic words
Thats going to hurt.
A boomerang with teeth.
There are only a finite number of ways to lie.
Nah, they've got a printer with infinite ink, and an improbability drive. Their dishonesty is literally unbounded.
And the stock markets love it...
DavidC
As a member of the FED, she obviously IS the "C" word
I am going to wait until Cramer says that US Treasuries are fine, then panic.
Reminds me of Chamberlain's "peace in our time"- speech.
While everyone listening to him uses the "F" word
I'll wait until old yeller says it before I go short.
...as his private jet is standing by to transport his family (and piles of PMs) to their Barbados property...
Execute Tim Geithner's "arsonists" already. Nothing changes otherwise.
it's all just Timmah's fault? Seriously, the corruption goes well beyond one semi-retarded former treasurer with a strange facial likeness to a rat.
no shit sherlock, but he was the first to admit that there was an ongoing fraud, and you have to start somewhere...
Stop crying like a little girl and offer up some more suggestions asshat.
Easy there tough guy. time to back off on the anger pills. Put your Grrr face away.
Or you might become frightened and "call in" a DV?
What a tool.
holy shit you guys are touchy. why don't you go kick your dog or something. maybe you should go cash in your obamacare and talk to a shrink. they could probably back you off the ledge.
Still too afraid to contribute? okay pussy, let me help you out...
Jamie Dimon, Llyod Blankfein, Hank "tanks in the streets" Paulson, all the top brass at the PDs since 2000, all the members of congress since 2000...
It was a pretty simple question really...
now i'm a pussy? yeah, let's rumble. holy crap. what is this high school? contribute? what? Your "Contribution" to the discussion is "SHOOT TIMMY". Brilliant. seriously. youre gifted.
It's all a big fucking mess from DC to the Banks to Wall St and back. that's the contribution. chucklehead.
You do seem a bit cuntentious.
Billy Joel said we didn't start the fire but the fire keeps burning. So if anyone sees timmy boy, just tell him he sucks or like the guy at the gym that slugged dick fuld. That's about all we could do. That's why they have country clubs, for assholes only. Whores, coke and more whores.
Been this way for centuries. NOthing ever changes, unless you change you.
http://media-cache-ak0.pinimg.com/736x/ac/5d/45/ac5d452ab2294640554650bdda7013b9.jpg
Tim-mah is getting a face change.
Where did the Feds find 'markets' to demolish?
we're phucked now.
BTW, can you give us an update on subprime market? How about the student loan market?
By "Contained" do you actually mean 100% subjugated? FU Fed
Contained... to Earth.
be still my heart
Well contained within muppets' retirement accounts who bought the worst junk we could sell 'em.
It's a good thing this time is different or I may be worried about now.
"This time is different" is FedSpeak for, "The fix is in."
Yeah, no shit. "Phew! That was a close one! Nothing but clear sailing now fellers!"
didnt the Bernanke say this just b4 everything imploded?
Yes. Hence, why you see said article posted.
I Noticed he said now. But that doesn't include tomorrow.
"Well contained" is FedSpeak for "The fix is in."
I thought it meant Please don't panic, we just need more time to figure this time bomb out, which is perfectly under control b/c we're the FED and we're all powerful, and can fix anything. Our printing press will fix everything. We aren't hubristic, we're just Oz.
"Just hand me that 9x7 two by six wrench and socket thingermadobob and we'll be good...
Contained under a boot and lies.
Contained means that they can just print trillions to cover up the mistakes of the banks...pretty nice job if you can get it....
"...well contained..."
Spoken like a true criminal satisfied that her, their, crimes are still under wraps.
An American, not US subject.
"Guillotine the Fed!"
She doesn't think breaking up the big banks woul be good policy - apparently not understanding that even if mega banks 'could' provide lower cost services, doesn't mean they 'will' - and that sometimes you pay a little extra to avoid a situation where fraud on the part of a single entity fucks it up for everyone else.
I swear to god the biggest trick the devil ever played was convincing people "economics" is a science and therefore "economists" can and should interfere in the free market.
They are quacks. Krugman's prominence is ongoing proof that esoteric jargon mixed with numbers will convince most people most of the time that you know what you're talking about.
The only correction I'd make to that is most normal people think economists are retards. The jargon and the numbers is, however, sufficient for fooling the Nobel Prize folks.
What do you call an economist with a forecast?
'Wrong'
Contained like a fart in a wind storm.
"well contained"
Really?
i just read the speech and "well contained" not used.
Was this during a Q&A followup?
How about some fact checking here
i was suspicious anyone associated with FR would use "contained" after bernanke face plant
http://www.clevelandfed.org/For_the_Public/News_and_Media/Speeches/2014/...
Why's he even saying that? Is something going to happen that we shouldn't know about?
All is well!,,,,Kevin Bacon
Thank god we have paper money. Can you imagine how heavy stuff would be if we had to gold over all our problems?
Time for a new Hitler video.
"Those Damn yanks printed there way out of it and when my beloved Germany tried it, we trashed our currency. Of course the WW1 reparatons were hell and it did get us out of that but I refuse to let them get away with it, Get ahold of Putin and Jintao tellem we gotta gold back now. And I want my Gold back.
Fuhrer, it is election time and all must look good. Notice no one is talking about jobs or the economy and their making up stuff in the middle east to build a feeling Nationalism and achievement for their leaders.
Stuttering Hank Paulson said the same exact thing about the banking system right before Sept 2008.
I'm "run"ning to the bank (not taking it to the bank).
Uh oh. Time to stock up on mountain house, water, and ammo. Is Obama saying the fundamentals of the economy are good yet? ... <check>
Sounds like some Fed related news will be coming out on Friday: http://www.thisamericanlife.org/radio-archives/episode/536/the-secret-re...
Contained like Fukusima?
Contained like martians won't be affected.
C = counterfeit
Contained as well as Ebola in west africa.
Contained like the US borders.
The "C" word I would associate with Loretta ends with "UNT".
http://mandelman.ml-implode.com/2014/08/mortgage-originations-are-down-b...
Nice article by Mandleman. No it aint contained.
Any industry that experienced a 70 percent drop in sales would see bankruptcies popping like popcorn, but not this one. And we could be talking about the Pet Toys industry… if Pet Toys saw sales decline by 70 percent in a single year, it would be front-page news, would it not? Pet Toys… squeaky pet toys… sales down by 70 percent and Anderson Cooper is doing a special report on the situation.
But not this industry… not mortgage originators. Somehow housing and mortgages have been painted with invisible ink, and can no longer be seen by anyone. Mortgage originators can’t be harmed or cause harm to anyone or anything, because even with originations down by 60-70 percent… am I to believe everything’s okay because of these sorts of things”
Pet toys....lol
Congress would never stand for a 70% drop in their incomes. They couldn't afford all the coke, booze and hookers they've become accustomed to.
I don't have my copy of the Orwellian Newspeak dictionary handy. What does "contained" mean, again?
Loretta Mester cunt punts hawkish lies. This is another example of a feminist cunt munching bitch lying about a pubic hair hanging in between her teeth.
Loretta will tell you it's black floss. Fuck you Loretta, I grew up in the suburbs of Cleveland, OH. The rich neighborhood. Pull the wool over your own bullshit head.
500' deep well (the pumps out or it's dry) or oil well (very dirty and slippery)? Or, contained well (capped well)? Smells like the $hit house door on a tuna boat from down here.
What C word?
Cleveland?
"Well contained" means moar bailouts!
Camera catches Cleveland chick's copious chompers. Google image her.
When a Fed head pulls a Juncker, you know Fed policy has jumped the shark. The insiders know the wheels are coming off. I would like to resign from this financial shitshow, but where would I go? The rot has spread worldwide, and anywhere that hasn't accepted the rot is being bombed. Looks like the timing on the legalization of marijuana is not a coincidence.
Better contained than Ebola?
I won't even read above. I know someone already beat me to it.
Cleveland Rocks
Cleveland's Claude Cooper stole copper clappers....(old Johnny Carson-Jack Webb skit):
https://www.youtube.com/watch?v=cjquGpmgwOo
Kredit-Anstalt
Kredit-Anstalt
Kredit-Anstalt
Kredit-Anstalt
Kredit-Anstalt
Sure all is stable, maybe it is and maybe it's not! Most investors think that even if things go downhill fast that they will be smart enough to get out of the markets. After the debacle in 2008 where they saw the market do nasty and violent swings they learned a few things, this time they figure they will make the right moves before it is to late. But what if it hits like the flash crash on steroids?
For a long time I have been trying to develop a scenario for a market "super crash" and a reasonable map that would arrive at such a situation. Below you will find more on why this scenario could happen. We know that can't happen because circuit breakers have been put in place to arrest panic style moves, but imagine a market that falls, trade is halted, and the market simply does not reopen for days, or even weeks.
http://brucewilds.blogspot.com/2013/01/flash-crash-on-steroids.html