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Bernanke Says "No Large Mispricings In US Securities"; These 5 Charts Say Otherwise
Retired central banker, blogger, bond guru and hedge fund consultant Ben Bernanke just uttered the following total rubbish...
- *BERNANKE: NO LARGE MISPRICINGS IN U.S. SECURITIES, ASSET PRICES
In an effort to save whoever it is that will pay him $250,000 next for these wise words, we offer five charts.
One of these things is not like the others...
nope, no mispricing there at all...
Almost imperceptible amount of mispricing here...
So now "relative" mispriings at all..
How about "absolute" mispricings?
Cyclically, even Yellen thinks stocks are expensive...
and the median stock has never been more expensive...
But apart from that - nope - no mispricing whatsoever.
* * *
Which is why it seems odd that Bernanke would conclude his speech with this statement:
- *BERNANKE: HOW TO MANAGE ASSET PRICE DROP SCENARIO MORE CRUCIAL
Why would asset prices drop if they are not mispriced?
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Bernanke has also said housing prices would never go down and that the Fed is not monetizing the debt.
Bubbles Bernanke!
Berstupid was looking at his bank account when he said that. It's all about Ben getting rich. Burn down the whole country for an extra couple of mil. I hope I see the day he hangs.
listen to the tool [/captain jack sparrow]
I think it's all OK because we've reached a permanently high plateau.
thats right. the laws of economics only work like gravity - reach a certain altitude of leverage and we get to a zero gravity state
Exactly. See? Squid gets it. How hard is this to understand? Once you escape Earth's gravity, all the financial rules change. And I think it's fair to say we're WAY past the Earth's gravitation in financial markets at this point.
yup. I'm da man
https://www.youtube.com/watch?v=3PGNCeVuYBw
furthermoar, ZIRP will henceforth be known as Zgirp Zero Gravity Interest Rate Policy
There is a fifth dimension, beyond that which is known to man. It is a dimension as vast as space and as timeless as infinity. It is the middle ground between light and shadow, between science and superstition. There's a signpost up ahead, you have entered, the maggot banker zone.
+100 for Twilight Zone adaptation, and +1000 for the "maggot banker zone."
... and after that it is an 'out of orbit' scenario.
How hi is the market? How Hi is a Chinaman.
After he expanded "money in the system" from $800B to over $4000B (5X), maybe in his mind it's rational that S&P500 should go up five-fold as well? to something like $666*5=$3300?
After he expanded "money in the system" from $800B to over $4000B (5X), maybe in his mind it's rational that S&P500 should go up five-fold as well? to something like 666*5=3300?
we must rescue the richest!
Subprime was also contained, right Ben?
Right. Less than one year before the housing market melted down, this mother fucker said there was no proble in housing in general nor specifically in sub prime lending. Fuck him. He helped to cause the last recession.
The Bernank has never told the truth about anything, so why start now?
The former FED Chairsatan still speaks chairsatanism.
Bernanake belongs in prison doing hard time in a cell with a Bubba.
He should join a Bike Club to pass the retirement time.
Cossaks are looking for a few good men.
I have often wondered if "economists" (for want of a better term) ever try to envision the consequences of their actions based on their wet dreams, as opposed to reality.
Why bail out the BIG bankers and Cronies as opposed to SME's, the heart of the USA that made it so great? Big Banks R now all transactional speculators, not providers of productivity, industrialization, jobs, wealth and Capital. And they are NO longer INVESTORS IN any meaning of the term.
If The Bernank says that there is NO mispricing in US Securities and then suggests that a ASSET PRICE DROP SCENARIO is MORE CRUCIAL
who is listening? Economists?
He bailed out the Big Banks because of the fear of the Asset Drop Scenario (as a result of pure fraud and lots and lots of regulatory stupid) BY MisPricing US Securities - for God's sake.
Every action made by these "authorities' of the USA - it seems very apparent and vitally clear to me - as well as every decision, has been made to intentionally DESTROY the USA economy and Society and remains true to this day.
It seems that The Bernanke doesn't even know what he is saying; has said, has done - but do any other "economists"?
Obviously The Banks and "economist" Big Banker, and Cronies Are NOT in control even of their own cognitive process - BUT they are in charge of the whole damned World?
And the MSM and Talking Heads Cheer as the ship sinks Circa Q4 2015
WTF?
They are vampire squid Jews sucking the blood out of the face of humanity while forever boot stomping said face - theyve been doing it for over 250 years. Of course they want to destroy America to further entangle themselves around whats left of freedom and position themselves on the other side of the trade at the same time, it's the 'American dream'
Looking at it from an analytical viewpoint above, yes, Bernanke is lying. Bernanke is probably making that rediculous statement based on a relative basis, comparing the DOW and S&P to other markets, knowing all other markets (Nikkei,DAX,FTSE, etc.) are extremely overpriced, enabling him to spout such BS with a straight face. I see darlings like Netflix selling at 160 PE with 0 yield going up 4% in a day and I really don't care what Bernanke and his ilke say or think.
Bernanke is just a tool for the bankster elitist.
FUCK YOU BERNANKE!
FYB
I think he's shitting his pants 'cause he knows he has fucked up.
He sees the rope and lamp-post.
Stack On
Bernanke is a useless piece of STINKING PIG SHIT. Ever smelled it? He wreaks. And BTW - Fuck you Bernanke.
Is this "The Irving Fisher" Cherry on Top comment?
Twat was that .... I cunt hear you .... I have a slight infucktion in my ear .... Be'rspankme again .... so I will pay better attention !
Why don't you fucks leave Benny alone? Benny has made friends of ours BIG money with ZIRP, QE and his wise financial acumen. If you dumb fucks don't have the balls to go and make money then you deserve to get fucked over.
We have hired Benny to give a surmon on how to screw money outta schnuks without em even knowing it!
Yours sincerely,
Benjamin Segal
Entertainment Director
Flamingo Casino
Las Vegas
there is no housing bubble ... LOL
Bernanke say, "Your phones are tapped. Shh, don't speak!"
So he's saying I should go all in...right?
bernanke made so many rich people..... even more rich
ha
ZH should pay btc for the typos discovered.
I would be filthy rich in a week.
fuck off bernanke. You wouldn't know your arse from your elbow !you were completely wrong before
https://www.youtube.com/watch?v=INmqvibv4UU
I don't need to see any video to know that when he said this, his upper lip was quivering almost uncontrollably, and he was unable to make eye contact with the questioner.
Only when that Shiller PE number has first doubled then fallen by 70% will anyone in power admit that there was a bubble
Bernanke is right. It is the US$ which is mispriced, not the US Securities and Assets.
The dollar will probably move sideways for a while as it regathers some momemtum after a juggernaut run. There is still a lot of upside for the dollar coming which will be problematic for other currencies around the world whose economies are either in or will be in a deflationary environment soon.
http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-update-f...
This transition from a public market cheerleader to a private one is almost too easy.
Blogger Ben and the case of the Pinocchio nose.
He should be hanging from a pole like Mussolini.
I despise this fucking thief so badly. Hurry up and die Ben so I can piss on your grave you cunt. Fuck You
Speaking of Bernanke maybe QE wasn't his idea after all.
You have to read this critically for the connections between the people/companies/societies etc to understand how captured the system is. The jew, secret society stuff is done on purpose to keep people from reading it critically, the connections are the connections regardless of the writers bias.
http://watch-unto-prayer.org/synarchy-4.html
THE COUNCIL FOR NATIONAL POLICY
In 1981, Federal Reserve Chairman Paul Volcker arranged a $1 billion loan to Herbert William Hunt and his brother Nelson Bunker Hunt after they attempted to corner the silver market, and nearly succeeded, but then reportedly lost a fortune when they were unable to cover their margin accounts. James Sinclair, now chairman of Tanzania Royalty Exploration Corp., advised the Hunt brothers through the liquidation process.
“From 1981 to 1984, Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volker.” (Jim Sinclair’s Mindset)
James Sinclair, of the Saint-Claire bloodline, is the son of Bertram Seligman who started Goldman Sachs, Solomon Brothers, Lehman Brothers and other major investment banking firms. (GATA) Bertram Seligman also started the Bache Group, which loaned money to the Hunt Brothers. Gaylord Freeman’s First National Bank of Chicago, a Federal Reserve bank, and Chicago Illinois Bank, a Federal Reserve ‘dealer bank,’ also made loans to the Hunts.
“Although the timing of their various loans is not clear as of this writing, it seems clear that the Hunts received loans both for buying silver and later, for paying off some of their debts. One loan was for $40,000,000 and was made by a syndicate including the Bache Group, Continental Illinois Bank and the Royal Bank of Canada. Another loan was for $233,000,000 and was made by the First National Bank of Chicago, Irving Trust and eight other large banks. In addition, the New York branch of Swiss Bank lent the Hunts $200,000,000 and Citibank lent $17,500,000. While the conditions of those loans have yet to be made clear, they were apparently made in defiance of Federal Reserve Board chairman Paul Volker’s request that banks not make loans for commodity speculation.” (“Silver finger”)
These loans were not made over the objections of Paul Volcker, but arranged by him through the First National Bank of Chicago and Continental Illinois, which were Federal Reserve-related banks. A parallel would be the “too big to fail” bank bailouts of recent memory, which were the brainchild of Federal Reserve Chairman, Ben Bernanke. But why would the Federal Reserve Chairman wish to bail out a Texas oil billionaire who was stockpiling silver bullion? Why would a liberal Democrat, Paul Volcker, bail out the Hunt brothers who funded ostensibly right-wing causes and organizations?
https://en.wikipedia.org/wiki/Bache_&_Co.
http://finance.mapsofworld.com/financial-institutions/stock-brokerage/ba...
Let's tie some more people together here.
http://watch-unto-prayer.org/synarchy-3.html
From 1977 to 1981 Gaylord Freeman was an advisor to the administration of Jimmy Carter, who was also a member of the Trilateral Commission. The current housing problem actually began during the Carter Administration with the Community Reinvestment Act of 1977. Milton Friedman was a Fellow at the Hoover Institution while his colleague, Gaylord Freeman, was an adviser in Washington, DC engineering a severe recession and a subprime lending crisis. At the time, the Hoover Institution (on War, Revolution and Peace) blamed the Democrats for originating toxic mortgages without acknowledging that one of their own, Gaylord Freeman, Grand Master of the Prieuré de Sion, was giving counsel to the Carter administration that would, in the long term, destroy the U.S. economy:
...
As we suspected, First National Bank of Chicago board member, Thomas G. Ayers, was the father of William Ayers, the leader of the 1960’s Weather Underground, the violent revolutionary faction of the Communist front, Students for a Democratic Society (SDS):
“Thomas G. Ayers (February 16, 1915, Detroit, Michigan – June 8, 2007, Chicago, Illinois) was president (1964-1980), CEO and chairman (1973-1980) of Commonwealth Edison.
“Ayers served as chairman of the Board of Trustees of Northwestern University, the Erikson Institute, the Bank Street College of Education in New York City, the Chicago Symphony, the Chicago Community Trust, the Chicago Urban League, the Community Renewal Society, the Chicago Association of Commerce and Industry, Chicago United, the Leadership Council for Metropolitan Open Communities, and Dearborn Park Corp., and served as vice president of the Chicago Board of Education.
“Ayers also served on the board of directors of Sears, G.D. Searle, Chicago Pacific Corp., Zenith Corp., Northwest Industries, General Dynamics Corp. of St. Louis, First National Bank of Chicago, the Chicago Cubs, and the Tribune Co.
“His son William Ayers, once the leader of the radical Weather Underground, has been a professor of education at the University of Illinois at Chicago since 1987. His son John Ayers, once on the staff (1983-1986) of former U.S. Rep. Lane Evans (D-IL), is a national leader in charter school development.” (Wikipedia, “Thomas G. Ayers”)
Funded through the largesse of the Prieuré de Sion and its international banking cartel, Thomas G. Ayers, not Mayor Richard Daley, was the real “Godfather of Illinois Politics.”
“...Thomas Ayers. This man welded power in every way!
“Thomas G Ayers was many things, but most importantly, he was the behind the scenes Godfather of Illinois Politics right up to his death last June and beyond. He passed the torch to his sons, especially Bill Ayers, Obama’s terrorist friend.
“Normally, when you have a child who turns out to be a criminal of major proportions, more so when a child is one of the FBI’s most wanted and a terrorist, life usually becomes unbearable: you’re shunned from the community, and employment is at risk. But not for Thomas Ayers. While his son Bill was bombing America, Thomas Ayers was being promoted to one of a highest profile and prestigious positions in Illinois and the country. He was also handed the keys to the most Nuclear Plants in the country as Chairman of Con Ed!
https://en.wikipedia.org/wiki/Stanley_Armour_Dunham
Stanley Armour Dunham’s distant cousins include six U.S. presidents: James Madison, Harry Truman, Lyndon Johnson, Jimmy Carter, George H. W. Bush and George W. Bush.[21] Through a common ancestor, Mareen Duvall, a wealthy Huguenot merchant who emigrated to Maryland in the 1650s, Stanley Dunham is related to former Vice-President Dick Cheney (an eighth cousin once removed).[6] Through another common ancestor, Hans Gutknecht, a Swiss German from Bischwiller, Alsace whose three sons resettled in Germantown, Pennsylvania as well as the Kentucky frontier in the mid-18th century, Stanley Dunham is President Harry S. Truman's fourth cousin, twice removed.[22][23][24] Stanley Dunham and Wild Bill Hickock are sixth cousins, four times removed, through Jacob Dunham.[25]
...
http://pdf.amazingdiscoveries.org/References/RtR/Lec4/Lec4-List_of_US_Pr...
Barack Obama and GW Bush are 10th cousins twice removed both descendants of King Edward I of England.
It is a big club and you ain't in it.
was he carrying a brief case full of cash after a "speech" when he said this moronic statement?
Ben Bernanke lol, know? ... global mess.
Equities are not overpriced if they are pricing in hyper- (structurally higher) inflation. This is only one side of the coin though - other is letting Irving Fisher's debt deflation to operate as it should to 'purge' the malinvestment...