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Summing Up The FOMC Minutes In 2 Words: Inflation Rate
The Fed minutes can be boiled down to 3 two-word factors: "inflation rate", "economic policy", and "market conditions" - all of which overshadow words like "growth" and "jobs" and "employment"
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No Gold?
No Bitchezzz?
Gold is part of the real world and we can't have any of that reality shit creeping in......
No D-word?
No "currency"?
Growth, job, and employment are WAY over-rated. Who needs that shit when you have QE and can change/ignore the law???
It doesn't matter. They can revise what they stated today on tomorrow.
Exactly, good cop/bad cop in 3, 2, 1....
Bonus... find GDP in that word cloud? Haha. It's easier if ya squint - realz hard.
Dupe
Look you PHUCKING IDIOTS, if you're poor and don't have a pot to piss in you can get rich by buying houses and stocks. Geez, WTF are you poor people just phucking stoooopid??? Yellen's advice? Move to the Hamptons and get a nice place on the beach. It beats living in the trailer in the middle of a cornfield that you're in.
Yellen said it best when she called poor people Ass hats. Or maybe she said get some assets. I wasn't really paying attention.
Sorry but i am from Iowa...and that cornfield is worth more than any house in the Hamptons....jus sayin
Exactly - why can't the lower classes get their shit together and accumulate substantial assets? Then everything would be good. Well, if they ignore the advice that's given to them, they have only themselves to blame for their circumstances.
The problem is there's so much advice coming from so many different directions and from so many people it's almost impossible to figure out the truth from the BS.
My father in law went to a sheriff auction today to buy a foreclosed home across the street from where he resides. This house is falling apart to give you a sort of mental picture. Anyway a bank who holds the mortgage is the one who bought it for 70k. Now understand this is a small 1300 square foot house in the country and in a flood zone. My father in law thought he could snag it for 1k lol.
My issue is these banks get free cash and even bought the house more than what was owed on the mortgage which was roughly 60k. So they outbid themselves. Its free fucking money for the banks and it doesn't matter if they even outbid themselves. Anyway figured I share a little story that happened today just to show how fucked up this country has become.
Let me add to that, the bank would have been OUT OF BUSINESS if actual laws and capitalism were adhered to. Which means the people living there would have gotten a free house. Oh but THAT would be "moral hazzard". But isn't that EXACTLY what the banks got? Free houses? Then they get bailed out, all the mortgages basically paid for with free money FROM THE TAXPAYER. Then what do these bastards do? They turn around and tell the guy they made broke by destroying the economy to pay his mortgage or go live under a bridge. This is one of the TAXPAYERS that literally GAVE the bank the house. No "moral hazzard" for those motherphuckers. Burn down the banks.
I totally agree. The banks do not have to worry about any bad investment knowing the FED will keep priniting. Its a free lunch. So imo not only are the super wealthy making these housing numbers look good it is also the major banks who are buying up all the properties. I am sure most on ZH know all about this but it still needs to be posted from time to time for the rookies.
so new record close then?
So scared they aren't going to get enough inflation tax from the slaves
The old adage "Figures don't lie, but liars figure" can't be accurate, I figure, if the liars are the one making up the figures,
Meet the new boss, same as the old boss.
Who will get the first Federal Reserve hyperinflation present?
Japan.
Later the US.
Score on the bullshit scale?
"Industrial production increased briskly in September after having been little changed, on net, over the first two months of the quarter, and the rate of capacity utilization in the manufacturing sector moved up."
october industrial production declined (increase expected) ... september revised down
When Yellen was younger she was an ornament holding a lamp in the front yard for a rich guy living in San Fran. Then she auditioned for Willy Wonka and the Chocolate Factory, her line was, "ooompa looompa," etc. She tried to get in one of the Austin Powers movies as "Mini Me" for Fat Bastard. Then she put in her application to be the head of the Federal Reserve and viooolaaaa! She gets the job!!! So see how easy it is to be rich?? It is pretty obvious that Yellen didn't get where she is by blowing people.
Put up a shingle in your front yard and declare yourself a bank. Then borrow 50 billion dollars at no interest from the Fed. It could actually work. Put a baloon on your mailbox, it couldn't hurt.
meeting came a few days before Kuroda's halloween currency massacre (others to follow)
http://en.wikipedia.org/wiki/Panic_of_1907
Prediction on 3 years hence:
Anyone want the other side of this bet?
Fischer runs the Fed.
Stanley Fischer: AIPAC's Fed Candidate on Iran WarpathWhen the Powers-That-Be mention "inflation" it doesn't necessarily mean they think it's going up.
They may discuss negative inflation (meaning Deflation).
You have to listen to their drivel very carefully.
fuck inflation.
Did they mention "Snow in Buffalo'?
Pure Bullshit
After close inspection, I did not find "theft," "scam," "scheme," or "ponzi" in that word-cloud.
Did anyone else find them, as they have to be there?
An American, not US subject.
Mind-Blowing-Morons!
Watch the rates on Deposit (MO). If the Fed is forced to constrained that upwards.... Then it is just the end of the beginning.