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The Schizomedia Does It Again
With QE3 about to wind down, some are declaring that the age of Quantitative Easing is finally over. These probably forgot they said the same thing when QE1, QE2 and Operation Twist ended. Clueless "expertise" aside, who can really blame them: by now it has become all too clear that the Fed itself has absolutely no idea what it is doing and has bet (all in) not only the (taxpayer) farm but all of (crony) capitalism, that it can solve every problem just by printing free wealth for 1% of the population while at the same time impoverishing the rest, leading to precisely the record inequality... that the Fed itself rails against.
A script worthy of a soap opera, one that Kim Jong Un would shoot you just for watching it.
But at least one entity has got the Fed all figured out and knows exactly what is going to happen next. The Media.
Actually, scratch that.
Here is Reuters from a few hours ago...
And CNBC.
But nothing compares to MarketWatch.
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fed desperately trying to hold rates up to disguise deflation
The FED wants rates to stop moving. If they go up, its inflation. If they go down its deflation. The new definition of market stability is market freezing.
As long as their policies are macro prudential we should be OK.
Welcome to the Insane Asylum where we are all inmates and staff.
Insanity certainly describes it. We have a fractional reserve banking system that has nothing to do with fractions or reserves as counterfiet money is created out of thin air. We have the Fed stepping in when the public got overloaded with debt and printing money to avoid the downward leg of the market cycle (QE1) then they found they could not stop QE without the market collapsing (QE2) then they found out the same thing again (QE3) and now we are expected to believe that even though attempts to stop QE have failed 3 times the next time will be different for some unspecified reason..insanity is the right word.
Confirmation bias, got to love it. For the skeptics, we present Article 1. For the true believers, we present... Article 2.
CD I got dibs on one of the chairs at the cool table at the asylum, hopefully next to the group 'W' people.....
There is a dutch boy at the door looking for Janet. Something about his finger solving the problem...
In a nut sack.....
I can't afford to play the market because the market is too good at playing me.
All hail the flat line of prosperity! Forwoar!
Analysts George Michael and Limp Bizkit both agree you gotta have faith.
In other news, the LARGEST GOLD NUGGET EVER FOUND was just discovered by a metal detectorist in Alaska. 5,555 pounds! https://www.youtube.com/watch?v=Od9D6TECSa0
Made me check my sock drawer....it's OK.....it's still there.
That report was about as feasible as the Hillary is better than Reagan ad.
Now here's Dan with the weather...........
What is wrong with you?
AFTER the election, we'll see what the REAL plan is.
Cosmo Magazine paying for "shirtless males", shuttle buses to entice college girls to vote for NC Senator Kay Hagan
http://tinyurl.com/lc6kx9m
Cosmo? Really? I thought was a DNC plan.....
surprise rate hike today.
yes, you should buy AND sell
'Doublethink is the act of ordinary people simultaneously accepting two mutually contradictory beliefs as correct. Doublethink is notable due to a lack of cognitive dissonance — thus the person is completely unaware of any conflict or contradiction.
For someone to even recognize–let alone mention–any contradiction within the context of the Party line was akin to blasphemy, and could subject that someone to possible disciplinary action and to the instant social disapproval of fellow Party Members.'
US politics will become much more credible in 2016!!
AMERCIA!! MEET YOUR NEW LEADERS!!
http://youtu.be/p9Y24MFOfFU
http://youtu.be/euVkDbQz144
http://youtu.be/cpiUtIpyQTI
http://youtu.be/6ol7o3G9Q9E
http://youtu.be/lush7TZB860
http://youtu.be/4dyZIs7ycPk
Who we need.
http://en.wikipedia.org/wiki/Jesse_Helms
Was a true Conservative.
But Libertarians never had a candidate they would like better.
People with everything to lose vs. people with nothing to lose. I wonder who is more motivated?
Careful with that assumption. I have learned which one is a much more dangerous fight.
Seasmoke, sounds like you have a great story to tell. Can you indulge us?
MSM is out of excuses as to why these markets keep going up.
S&P500 hourly is a joke - a vertical ascent that will likely lead to new all time highs - in the face of a shrinking global economy - thanks asshead yellen
http://bullandbearmash.com/chart/sp500-hourly-falls-open-crawls-upward-r...
All in the know, even the MSM lemmings, know it's yellen buying up all to push upward - so barry can get to his mid-terms showing economic success - which the masses know is bullshit.
...and barry is getting to be the most hated US President in history.
"...and barry is getting to be the most hated US President in history."
...until the next one - especially when the food shortages, brown outs and Martial Law begin.
S&P500 hourly is a joke - a vertical ascent that will likely lead to new all time highs
So what you're really saying is that it's all the Elliott Wavers fault. Why? Because everytime a false mechanism is applied [such as stopping a P3 freefall ~ which EWers deny deny is possible because the waves, instead, are based on some cosmic force and therefore immune to manipulation].
Notwithstanding, this artificially introduced phenomenon eventually changes the EW counts, which, ends up leading to new highs because of, um, newly configured wave counts which the EW's have to now factor in.
LOL
Schizophrenia is simply delusions competing with reality. Fun to watch until it ends up on your doorstep.
I just want to ask you one thing, cowboy. If you're sitting here, and he's sitting all the way over there, then how's he gonna get his hand into your pocket? Oh, but I guess he has that all figured out. 'Night, toots. [/midnight cowboy]
Like everything else that is manufactured and that becomes spiritual in the Land of Opportunity called America...
The most imperfect contradiction that can be found no place else but "here"!
Maybe Ebola is our saving grace after all?
All hail the hypnostawks!
We have been lulled into complacency by the extraordinary actions taken by central banks and governments over the last six years. Have these actions really worked or merely masked over major flaws and problems? I contend that by not demanding the right kind of growth and by throwing money at problems we have only delayed and added to festering issues that face us in the future.
Modern Monetary Theory often referred to as MMT by its many believers is to remove much of the risk ahead and guarantee that we will always be able to muddle forward. MMT is a economic theory that turns to newly acquired tools like derivatives and currency swaps are suppose to allow us to print and manipulate away problems. This has created an "almost surreal" feeling of indifference towards reality. More on why debt does matter and the system is about to fail in the article below.
http://brucewilds.blogspot.com/2014/01/have-we-been-lulled-into-complacency.html
The FED is the market. Whom ever said it was right.
It's called making shit up along the way. Just like the Fed!
And what could possibly go wrong?
And what could possibly go wrong?
Jeff Cox at CNBC deserves a lot of credit for actually writing something which lays tbare the idiocy of what's been going on for the past 6 years and longer
he'll have a nailgun on his desk when he returns from lunch today
21st Century Schizoid Man - King Crimson
https://www.youtube.com/watch?v=KFsKV6VSLNI
Qe is dead...long live qe
And VE (verbal easing a la Bullard)
That's a very polite way of putting ot aka chatting $#! T
This is the fix the housing market has been looking for:
http://www.dailymail.co.uk/news/article-2811949/The-lifetime-mortgage-Ba...
A good portion of the media is under the control of a group that is in cahoots with the real string puller in the shadows. No, not the 'government' those are just idiot puppets.
And while this media might appear to be impartial they do nothing but perpetuate the illusion of freedeom. Political correctness? Now guess how that all happened... That was a carefully orchestrated plan to insure that the polulation in the west shuts up and does not jump on each other as the immigration flood gates were opened to keep the bogus ponzi economy going. Now you cant say anything about anybody. It gets a lot worse but most will never realize whats really going on. Did the fact that in Britain they want to have a new law that makes internet 'trolling' a crime make the news here? Yes, they want to make it a crime to spew 'hate' when it might just be normal critisizm. Did you know that putting a stamp on a letter with the head of the queen upside down is punishable? The UK has become a fascist regime and combines the worst of Europe and America. You cannot even carry a pocket knife in the UK without a good reason. F them all, incl. the queen.
What willl happen when this game of musical chairs eventually stops? Do we keep propping up the markets indefinitely? That sure helped Japan didn't it.
Jeremy "The Insect" Siegel dusting off his Dow 18,000 hat, for another cheerleading gig on CNBS?
How can you watch that?
"Do I contradict myself? Very well, then I contradict myself, I am large, I contain multitudes." - Walt Whitman
There was a time when I would,here, interject a proposed solution. Probably a Libertarian or Progressive one. In order to suggest a way to solve the problem(s).
No more, though. The problem is past solution, the consequences are baked in, and the markets cannot handle the truth. No matter what we do or don't do now; no matter whom we elect in this election or in 2016, there is no way this is going to end well.
It is like we have been taking uppers and downers, both at the same time. We have simultaneous inflation in prices of real goods, deflation in wages paid to real workers and producers, and at both ends of the spectrum we see parasites, sucking the blood from the nation's (and the world's) stores of capital. I submit insanity may be plead as a defense, and that may be true. And to no avail.
What difference does it make that we were insane? The consequences are so overwhelming that cognative dissonance is our only out. Deny, deny, deny.
Of course the next step in the process is anger? And that scares the shit out of me.
Craig
The media always has to take both sides of the red & blue pillars. It's in their contract with satan