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Dudley Says "We Are A Long Way From Additional QE"
And scene:
- FED'S DUDLEY SAYS "WE ARE A LONG WAY FROM" ADDITIONAL QUANTITATIVE EASING
So, how far is the "away": another 5% drop in the S&P "data"? 10%? 20%? And what is measured in: milliseconds or nanoseconds. Inquiring frontrunning vacuum tubes want to know.
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End of September 2015. That's how long.
QE has been ongoing, everyday, every week. Once again, he's a bold-faced LIAR. The entire FED policy is aimed at spreading lies and propaganda to steer markets.
Ha! Dudley and Dudlier!
Right after the BOJ weakens the yen, so not to distort the relationship too much to keep the Ponzi scheme alive as long as markets will accept their lunacy
Who do you think is buying all these Treasury Notes, China? Ha!
Kudos to Dudley here. He brings the QE meme into the public discussion and then tantalizes with 'not yet'.
Well done, sir. A++ kabuki.
Let the discussion of QE begin!!
hey everybody --over here--it's Dudley --quick say something ----Dudley, dudley, are you ok duddly ---say somthing---Ok folks dudlely will speak any moment now--DUDDDLY----say somthing Dudley
That's correct...they have been rolling over the QE as it has matured each and every day....none of those dollars has been withdrawm from the system.
Coorect nope-1004
He used the word...........................drum roll....................ADDITIONAL
And this is one, nope-1004, that there won’t be a rate hike. You can’t believe Dudley about anything. These people are paid to lie - to keep the stock market alive and continue their ongoing fiscal plundering of America.
Throughout the media now - national, local, every spokesman - all you hear is: Don’t worry about your 401(k) hang in there, don’t sell, don’t collapse.
It is a blanket of propaganda. I remember it from other significant crashes to keep the 401ks from selling.
And just as I walked in this morning I heard it again from a financial analyst: ”We’ve always had this, 10 and 20 percent corrections. Just hang in there; this will pass."
yes JR
They have a plan for those 401Ks and they want them in place..................ready
Nothing confirmed until it is officially denied.
So, confirmed.
Throw every fucking thing you've got at the market right now.
@Nodebt
I only have my laptop.........................if I throw that in ..............I would not be able to
read the smart and funny comments on ZH.....................and that's priceless!
There wil be no more overt QE, because it was such a disastrous policy and has lead to destruction in finance equal to a Fukashima nuclear meltdown.
Of course they are a long ways away from "overt" QE, just like myself and most reading these posts are still quite a long ways away from hanging ourselves from our automatic garage door openers.
Now it is a question of weather they have destroyed the dollar, which is why a strong dollar, even if it destroys every market in the world is now everything to the fed.
That means that they are furiously working on it. Lol!
You'd think it was too obvious, but then again it was too obvious the last 3 times.
So three weeks until QE then?
BULLSHIT!
If only we knew exactly who comprised his "we," then this statement might mean something.
I'm going to guess it doesn't include Kuroda, or any other CBer outside of Yellen LLC.
Don't forget the main force: Stanley Fischer:
WASHINGTON (MarketWatch) August 20 — The Federal Reserve has lined up a speech for the pivotal Jackson Hole conference that could tip the central bank’s hand about whether interest rate hikes will be lifted next month.
The Fed announced Thursday that Stanley Fischer, the vice chairman of the U.S. central bank, will speak at Jackson Hole on Aug. 29 about “U.S. inflation developments.”
The Fed has said it wants to see some improvement in the job market and be reasonably confident that inflation is moving up towards its 2% annual target before hiking rates.
The jobs part of the Fed’s goal has been met, economists say. But inflation is another story. The central bank’s official target, the PCE price index, hasn’t been above 2% for about three years. -- Fischer’s Jackson Hole speech could be the signal whether hike will comehttp://www.marketwatch.com/story/fischers-jackson-hole-speech-could-be-the-signal-whether-hike-will-come-2015-
DUD
In the meantime, get in there buy the dip- suckers, err muppets.
vacuum tubes? the fed is dead, you're worried about what one of the presidents cabinet people says, do you even know their names? the new fed will be called fed2 possibly. fed one will have its balance sheet permanently encased in cement. fed two will still be independent (quit laughing) a committe of bankers, JPM Goldman Boa, who serve in advisory capacity. (at the presidents pleasure) so you can ask yourself, did they just nationalize the banking system? this is like that line from the woody allen move, just about the time i have the key, they change the locks
And scene:
FED'S DUDLEY SAYS "WE CANNOT IMPLEMENT ADDITIONAL QUANTITATIVE EASING UNTIL PEOPLE FORGET IT DOES NOT WORK"
"Forget" isn't the correct word here. The one you're looking for is "capitulate."
It was obvious that the first QE couldn't work, but once the pain got bad enough, even the slightest short-term relief becomes preferable to the continuing devolution for those with their nuts in a vice.
The comparison to a heroin addict seems fair. In both scenarios, the use of the substance kills the entity using it, who must also use an ever-increasing amount to get the same favorable effect.
Everyone should have the personal experience of having a friend or family member being a heroin addict.
The behavioral education I gathered from this experience has given me tremendous insight into CB behavior, although, the behavioral similarities are extremely disturbing.
Methamphetamine addiction is far more apropos. The lunacy of Bankster behavior can only be compared to that of a tweeker.
As the saying goes...
Crack head will steal your shit. A tweeter will steal your shit and then help you look for it.
Yelled telling the poor to basically get rich sounded just like something someone who took a big hit off the Meth Pipe would say.
Bernanke reminded me quite a lot of my ex when she was on meth. They were both used to being smarter than most people in the room. Completely oblivious to how transparent they are when someone a lot smarter than them is observing them.
Overdoses aside, heroin does not kill the user. The lifestyle abbreviates their survival timeline.
Hummm me thinks the "market" is far to expensive for him at this multiple. Maybe a CAPE 10 reading at 4.76 like in December 1920. Then release the hounds. When stocks return to their rightful owners.
http://www.multpl.com/shiller-pe/
Next up will be banks or HF in trouble = QE.
With some luck already this week.
Halloween QE4 surprise - Student Loan Debt Derivatives and Sub-prime Auto Loan Backed Securities.
Hank Paulson to go on a road tour to sell at retirement communities in a big luxury bus with "Make Our America Revitalized! (M.O.A.R.!) painted on the side, with big American flags and happy families faces - with a few tanks strategically in the background.
QE is going to happen soon. Peter Shiff layed it out very convincingly on rag TV CNBC, they have no choice. QE is the last prop the FED has although as Shiff said the prospect or rumor of QE or rate increase is in the short term very powerful.
Dudley, I have an IOU for ya, one swift kick in your empty bean bag. I've heard of proof readers, this dick needs a proof sayer.
Wow, Dudley is expecting it's getting worse in the long term.
QE is what Mr. Market wants and needs . . . the QE inflated bubble cannot sustain itself on normal market liquidity. This will be the showdown and the fed will blink.
Regardless of whether they want to QE or not, the effort no longer can prop the markets up @ current levels of bubbliciousness. It might be able to hold the market at a lower level . . .for a period of time. But QE is a total disaster, b/c it will eventually destroy the government that carry it out (as folks move to alternative means of exchange, which are tougher to tax).
tell us the fucking number comrade bitchez!
define "long way", newspeak
The impact of the Fed is dead. Substitute 'Fed' for 'Zed' in the Pulp Fiction clip below:
https://www.youtube.com/watch?v=y7Yp2L6c2KM
Right... first it was "there will be a rate hike in Sept" ... well "China devalued so we can't do that"...." but no way QE for a long long time... no way..."
This is a feckin clown show .... why aren't these people in jail yet ?
Cuz they are making too much money for their masters.
WHAT happened ...to the Brother?
https://www.youtube.com/watch?v=52P711roumc
It won't be long now. My shiny is going to the moon, Alice.
(I still may be able to pick up a couple hundred more oz's at, say, $10 an ounce, though!)
There will always be a thousand reasons (excuses) available from which the Fed can pick and choose to rationalize doing what Wall Street wants it to do. In this way, they will always appear to be right going forward, no matter how wrong they have been in the past. That’s the nature of fiat power.
Side note: A talking head on Bloomberg just reported that traders are now looking to October instead of September for a rate hike. So, not only are we supposed to believe that a 0.25% rate hike is material, but, a one month differnence in the timing is too. They really do take us for fools, don’t they?
QE is is to buy or fund bad assets from banks. Banks get eternal free money at 0%. So either there has to be an asset class in peril, which the banks are tied to, or the Fed has to forgive all their loans to banks. What paper asset do banks own and are on the wrong side of? I doubt it is stocks. Derivatives of some sort maybe. They don;t need much when all they have to do is ask for money. The banks can survive anything at this point. QE is not for the economy. So there really is no need except for show. And that still won't help the economy.
For the meantime, the only thing I can see the FED doing is calling in the PPT to buy up equity assets in the taxpayer's behalf (going on OUR balance sheet) or doing things like convincing the Swiss Central Bank to continue buying index-important stocks.
I had a (discussion) with someone who bristled every time I used the term Plunge Protection Team as he thought it was a "tin foil hat" type conspiracy theory. I provided him with a link to the "Working Group on Financial Markets". Suddently he changed his tune and argued that it was fine since it protected the American investor to the downside. I posed the following question: " If you think that this is proper, then why not have a similar mechanism designed to protect the American investor from OVERPAYING for stocks during times of irrational exhuberance and bubbles? ". He struggled for a response.
A million dollar$ for every American.
.
Thats a lot of GDP! I'm sure inflation expectations will be contained
Dudley simply announces more QE is coming. The timing of it is always adjustable.
Dudley!
Which sewer do they drag these Federal Reserve "EXPERTS" from?
It's when his buddies at Goldman Sachs tell him to do more. The Fed has already been doing continuous smaller QE. The Fed's been sucking up the treasuries China has been dumping. And you wonder why the fed doesn't want an audit.
If you say you're a long way from additional QE, the wording implies you're admitting additional QE is coming. So shouldn't gold be up?
QE never stopped. Jim Willie says they are doing it covertly using the Reverse Repo Window, the Fed buys UST's off the banks but the banks don't hand over the UST's, so its bond fraud.