This page has been archived and commenting is disabled.
Bullard Slams "Unsavory" Jim Cramer's "Permanent Cheerleading," Admits "Fed Can't Support Stocks Forever"
When The Fed's own cheerleader-in-chief (see October 2014) slams you for cheerleading, you know it's gone too far. In a stunning 30 second clip on CNBC this morning, St.Louis Fed head Jim Bullard sent a message to "your friend Cramer", saying "The Fed cannot permanently raise stock prices," adding, rather astonishingly to the anchors, "to have [Cramer] cheerleading for lower rates 24 hours a day is unsavory."
We assume Cramer will rebut this statement later in the day by exclaiming "they know nothing!!"
Remember what happened the last time someone dared to criticize Cramer...
»
- 67973 reads
- Printer-friendly version
- Send to friend
- advertisements -
Interesting turn of events to be sure.
The Fed cannot permanently raise stock prices.
Why not?
Bullard, the Fed pot calling the Cramer kettle black.
This would make Bullard the next Robespierre, leader in the upcoming Revolution and
Cramer the first to be hanged.
Got my popcorn out for these bread and circuses.
Rome fell, then France, now its America's turn
Bullard is a Fed scumbag through and through. He's reminding Cramer who his masters are and he better tow the line or .........else........
It is obvious to anyone with a pulse that Cramer is mentally unbalanced… Either CNBC thinks their viewers are idiots -or- that Cramer is a genius, either scenario speaks volumes…Bullard vs Cramer is orchestated, watch when things get ugly they will be holding hands agreeing that whatever the plan is going forward is the correct plan.FU Cramer and Bullard go blow each other somewhere else.
"Pull it" -Bullard
"The Fed cannot permanently raise stock prices,"
Why not jim?
I suppose "permanently", as in "forever," is true. But forever is a long time. So they'll go as long as they can. Could be six months, could be six years, could be six decades.
With the speed of computers, it could be 6 minutes.
6 nanoseconds?
6 Microseconds?
don't forget the 6 picosecond and 6 femtosecond computers that can make trades at those speeds.
"Officially", so long as they have credibility, yes, they can "price" things how they want...
However, the Fed is become less relevant at an exponential rate.
… scratch Bullard off the invite list…
This has that feeling of stern denial to it like we're less than a month from the announcement of QE4.
Yes. Unsavory.
That was the word I was looking for.
The past seven years has been unsavory.
Cheerio, chaps.
Savory is a term frequently used to describe dog food.
Muppets must be fed properly.
Unsavory... now THERE'S a five dollar word. The best way to call someone an asshole without the word asshole.
What is so savory about stealing from everyone via inflation and fractional reserving? Fuck you Bullard.
People who show the most over-the-top righteous indignation when accused of something are normally very guilty of what they're accused.
See Cramer's response in the second clip for an example.
With the light bulbs in their little Keynesian heads finally starting to glow, FOMC has to be coming to the realization that it doesn't just have problem, it is about to get fucked in every Kama Sutra position known to man. The blame game is on. Everyone and everything will be a target for scapegoating as this next doozie of a recession grabs hold. The idiot Cramer just got a taste of the bus tires.
Fate the Magnificent
"Push the Button, Max"
Great post. Thanks for the laugh.
Bullard wouldn't even admit this unless they knew 100% that the party was over... grab your ankles.
Unsavory is a compliment to Cramer.
One is expected to be a criminal when involved in the markets and the cheer-leading thereof.
Euthanize
Hey at least they are admitting that their policy is indeed the cause of the rise.
The Fed liked it better when they rigged the entire system and Wall Street acted like it wasn't happening. The dummies on CNBC are making the con look too obvious. Back to congratulating each other on how smart they are for shuffling paper for profit.
beartrap, you just asked THE ultimate question
btw: i discovered the answer
r
https://enronnext101.wordpress.com/
With no one else in the market, they can make prices whatever they want. People are smart enough to know that price has nothing to do with value.
Two whores working the same corner will always lead to a big cat fight.
Any pimp worth his salt will nip that in the bud.
But Cramer has bigger FANG's ... well at least he used to?
Cheerleaders often get into catty fights amongst themselves. "The fans like my pom-poms more than yours, so there!"
It's not really interesting until they start pulling hair.
Fuck Cramer
How many f---ing Jews do these people think there are in the United States?
— Ann Coulter (@AnnCoulter) September 17, 2015
The zionists are trying to get her fired for that comment. ANTI-SEMITIC!
at least won't be seeing her any more on the joob tube, blessing in skeletor disguise...
Yeah but I giggle when I read that tweet. I can almost picture the debate from an exasperated message like that.
Repeat after me kids "Israel has a right to defend herself."
-The little Hannity fan club motto
This was the comment I was looking for.
All as expected, wave 2 up now. Retest 1990/2000, then a wave 3 down, Lower Lows.
http://tripstrading.com/2015/09/20/sp500-my-favorite-scenario-cyclical-a...
You know the sh*t's about to hit the fan when they turn on each other.
Proof that the cracks in the monolith that is the fed are forming and growing...Bullard knows he's going to hear:
"You Promised!"
What would really be interesting is if Bullard stated that Cramer is unsavory and the Eagles suck worse
A blast from the past.
Nightly Business Report from 1987 the day of the Great Crash. A hoot to watch if simply from an Ad for Digital Equipment touting their world wide network and a reporting piece by none other than a VERY young Neil Cavuto.
https://www.youtube.com/watch?t=43&v=5PUwr8DsYeg
Fun to watch the history.
Women with big hair and only white people shown. Don't they know every TV show has to have a nigger, asian, gay/les/tranny?
But.... but.... but... what about his charitable trust?
unsavory..................Cramer.....................Full stop
Sure they can just the right way they permanently devalued the US dollar
Cramer survived 2008....just sayin.
He even survived a scathing appearance on the Daily Show at the hands of John Stewart.
Not sure if that makes him a man or a cockroach.
Cramer is a complete asshole for about 100 reasons.
Oddly enough though, I agree that he did surprisingly well on the Daily Show when he should rightly have been annihilated.
Anytime you walk away....that's a solid win - Carlos Danger
"I probably shouldn't have fucked so many strippers." - Ron Mexico
John Stewarts real name is John Liebowitz. His brother is the president of the NYSE. John is a member of the tribe and is a gate keeper called in for any mediation needed. Zio Alliance frontmen "duke" it out on the daily show...i really shouldnt laugh this hard.
RIPS
I think he took it more as a roast.
NO............he took one for the "team'.........or tribe as I like to call em.....lets us remember that his people are 'victims' not parasites...'
Sure, Leibowitz was going to mop the floor with him. Lol.
pods
Amazing how many people don't know that Stewar'ts brother Larry Leibowitz was COO at the NYSE and also worked at UBS and Schwab before that.
A true Wall St Bankster.
Refresh my memory. What does John Stewart's brother do for a living?
I think he hangs drywall.
Bullard is a piece of shit
.. and CNBC is a toilet
Would that make Cramer the blockage in the u-bend?
Is that part of their mandate. These fuck should be in jail.
A close call. Sure it was. Liars.
Fuck him....Cramer too...
Nice avatar
Pumping the indecis is Bullard's job. That cras, unsavory, punk Cramer needs to come to grips with just exactly who Daddy really is.
Cramer hasn't burst an artery yet?
Twice. But just the ones to his brain. So not too important.
Who asked Bullard what he thinks about Cramer? Or about anything else?
It was so much better when the Fed spoke with one voice, and even then nobody could understand what they'd said.
What should we expect next from our camera-happy Fed presidents? Movie reviews? Cooking shows? Appearances on Dancing with the Stars?
Janet-From-Another-Planet needs to tell these bozos to keep their heads down and STFU.
EXACTAMUNDO!
The Fed truly needs to get a grip on the incessant sidebar conversation and comments thrown about by these guys. They sound like a bunch of catty high school girls nattering about Alice's fucked up orange and purple hair.
It's unprofessional and a huge credibility problem. Let alone policy nightmare.
They don't know what the fuck they're doing. Bunch of sophomoric idiots.
Some years ago during a high school break, I'm walking to the drug store and a Mustang goes roaring past way too fast, unsafe, way too close to me being driven by some dumb looking blonde looking gal (CA, you get the picture) and some pimply faced turd riding shotgun with his hat on sideways flashes me the bird.
I walk over to the grocery and lo and behold, in walks the girl and her dumb fuck boyfriend. He gives me a hard assed stare, she's watching the show so I look at her, smiled my grandfatherly smile and said ; "I know, little brothers can be so embarrassing."
It's also about excessive ego.
They really think they DO know what they are doing...
All the more reason the Fed must be ended.
m
It plays out as expected, wave 2 up now, retest 1990-2000 area before we hit Lower Lows.
http://tripstrading.com/2015/09/20/sp500-my-favorite-scenario-cyclical-a...
Bullard thinks one should invest in? US Bonds? Gold? Bank Certificate of Deposits? Land? Rental Property? Bullets? Long-life food storage? Bullard should just FUCK-OFF.
The question to be asked of Bulltard.
Can the FED cartel manipulate Gold, & Silver down permanently?
Got PM Bitchez?
They are sending FED reps on TV to try to disconnect the FED from a market collpase.
Bullard must have lost some money .... on one of Cramer's picks .... reeks of petty snarkiness ?
Never mind what Bullard says. With ZIRP the FED is cheering stocks by default although not so successfully these days. Cramer is irrelevant.
So, ...the fed does raise stock markets.
So, anybody who dind't buy stocks for the last six years has a big red , white and blue fed dick up their ass. Thanks for the heads up Fed.
What happened to "there is no fed manipulation. ppt, blah, blah,blah....." Pretty soon ken griffin will come on cnbc and talk about his scam as if its "all good and ok" this fucking country is a corrupt cess pool.
Gartman just doubled down on his short positiion by adding $1.
All CNBC viewership comes from ZH constantly linking to them... So who cares if Cramer always pumps the markets because ZH'ers watch it in the same way a crowd watches a rodeo clown; for comic amusement only.
Bring our jobs back from overseas, end NAFTA, kick out the illegals !!
We need a real economic recovery !!
Trump 2016 !!
Hooray for the red team!
Hooray for ANYONE who can fix this shit. Of course that would likely be us.
Its up to us to decide if we will buy imported goods and LABOR. It is a waste of time to blame those who will sell us what WE demand...unless we want government to decide what is best for us......which had been working swimmingly!
Crazy as the system is, your toilet flushes, your tap runs, your fridge is full, you can mostly do as you please, and type anything you want into the internet. So yeah, its full of crooks and scams, and crap people in govt. I sometimes think we just haven't grasped (or admitted) that the world is never going to be ideal for us, it is always going to be a half-arsed way of "gittin'-'er-done". That aspired perfection is messy and quite achievable. And if we could get it, we'd complain bitterly about it's numerous flaws.
Right?
What I do know is not one bit of it ultimately matters.
AS long as we can complain, we are happy, but never content.
Can't support stocks forever? You idiots have been doing it since the 80's. Seriously. Do you think we are stupid? You will, in fact, support stocks forever. ANd now you have the tools to never even allow a correction.
Correction? You can't fix stupid.
Attempting to "fix" one portion of a dynamic system forces the distortions into every other aspect of that system. The Markets an appear stable while the rest of the world falls apart. Sacrificing the good of the many for the good of the few.
Either they don't understand that, or they don't give a crap. Or both.
Yes, they think we are stupid. And.....I would say a majority of Americans are stupid--or at the very least misinformed and lacking critical thinking skills.
Now the whole farce starts again, just a different actor.
FED cant raise rates, and everybody knows it. A bit more creativity please Mr. Bullard.
Can't hear the video; pretty bad. http://www.cnbc.com/2015/09/21/i-would-have-dissented-on-vote-to-keep-ra...
The video that is 33 seconds to the very right is where Bullard talks about Cramer; Cramer is right and Bullard lied because Bullard denied that the FED is propping up stocks and Cramer was correct is implying they are, which everyone knows they are.
Even Cramer can get the obvious correct.
That comment is going to kill the market today. Shorting into this premarket ramp.
It is a stunning admission.
Do you really think he is saying anything that everyone participating in this market doesn't already know? The "admission" of this corruption is a dire sign, but not for the "markets" but for everyone else. The pillaging is about to begin in earnest now. Bail outs, bail-ins and all the rest. At first the herding of wealth and then the closing of the gates of the kill pens.
The new world order will have relatively few owners....for our own good and protection...of course.
Of course everyone knows it.
But to SAY it like this is just so out of character that it indicates a level of panic on the Fed's part.
You may be right, but it is hard fro me to imagine anything that is so opaque, so unaccountable to anyone for anything, would ever PANIC about anything. The individuals, who's faces we see...yes, they have every reason to be fearful because they will be blamed, but the FED as an institution appears untouchable to me.
Somebody should crowd-fund a project to extract Jim Cramer's teeth, tongue and larynx. Cramer is nothing but a forked tongue shill for Wall Street, the FED and is the ultimate PUMP & DUMP trickster.
How will alogs react?
I think they just put a financial hit on Cramer. ..... not so nice knowing you Jim.
I think it was more of a dig at the e-mail from "Tim Cook" that Cramer pulled out of his ass that saved the market a few weeks ago.
Did we ever find out if the e-mail was legit? has there been any investigation?
Cramer knows his words move algos. It is pretty easy to manipulate the market when what you say on TV makes an algo buy or sell.
"The Fed cannot permanently raise stock prices.."
but they can temporarily you say, huh?
Markets do not exist in their own right; they are supposed to represent the value of the underlying companies and the state of the economy.
Companies provide real products and services into that economy.
Companies take raw materials and make them into products.
Cheap oil = collapsing global economy
Low commidity prices = lack of demand for raw materials from which real things are made
QE and low interest rates may have kept markets up, but the real economy is collapsing.
Maintaining the penthouse suite while the foundations are crumbling.
Central Banks policies just aren’t working.
Steady Batman11................................some on here don't like ...................you know
I am a big boy, no need to be cryptic, say it as it is.
Da truth as they see it.....................want to rule the threds
"Cheap oil" -- Bullshit, because of central bank policy there is no price discovery!!!!! By your own definition of a functioning market, price discovery is extremely important.
We have seen the results of a "let the majority eat cake" monetary experiment before. The outcome will be no different this time around.
/s and The Merchant Of Vetrona... or something.
You're stupid. You're fucked. Long Kesh, H-Block for you, senator.
Oh, my.
The invisible hand has been amputated, prices cannot be discovered because they are hidden by fiat action, and market order is not spontaneous but instead orchestrated by central planners.
I live near Bullard. I should have lunch with him sometime and tell him what a worthless piece of shit he is. Just like I did with the mayor of KC.
FUCK BULLARD , HES A REAL PIECE OF SHIT.
WHERE WAS HE SAYING THIS BEFORE THE DECISION LAST WEEK?
ITS SO FUCKING EASY FOR HIM TO COME OUT AND SAY THIS NOW, WHEN HE KNOWS THAT THERE WILL BE NO CHANCE OF A RATE HIKE UNTIL AT MINIMUM MARCH 2016 ( AND WE KNOW THAT IS NOT HAPPEING EITHER) SO HE WANTS TO PRETEND THAT HE IS A RESPONSIBLE FED MEMBER.
THIS GUY IS JUST AS BAD, IF NOT WORSE THEN ALL THE FED MEMBERS
Seems to me that there are a lot of economic forces in the world that the Fed is concerned about all of a sudden.Did a light bulb just come on after all this time?
I liked Sylvian Raynes comment about remaining shallow in deference to Cramer, too funny! The anchor's commercial break comment 'Sylvain will not be with us when we return, Sylvain you need to be more polite" really cracked me up. Clearly the guests are expected to toe the propaganda line promoted by cnbc. SO, obviously the talking heads must promote the network propaganda position if they want any airtime. Same on all networks I expect, but refreshing to see it in action!
Cramer, Gartman, Liesman.... How anyone can even stomach that clown show for one minute is beyond me.
I understand that Xi is selecting the new Whitehouse china this week.
We all know what Cramer says. What does his personal portfolio look like?
all gold of course
IMO, 100% of the reason behind the stock market rebound today is the FED's trotting out the member comments to purposely deflect attention away from the latest FOMC debacle and to completely refocus it on October's meeting with ONCE AGAIN a signal that they'll raise rates. Complete and utter bullshit when they've admitted that they are at the mercy of global economic events. Should be the last "con".
Pathetic that it is working so far.
Hang Cramer!
Well for argument's sake JAmie Diamond does not agree with you : We have never had it so good, says he.
Reminds me of what a british PM said just before the UK nose dived into doldrums in the 60s.
We are moving back not forward in west.
Jim Cramer's old days of making telephone calls for insider trading tips to pimp/dump are now being recorded. You can find the Jewel of Cramer within.
https://www.deepcapture.com/
How CNBC (Becky Quick, Jim Cramer, and Joe Kernan) Can Solve Its Collapsing Viewership ProblemLove it when slime-balls accuse others of being slime-balls! The whole financial/accounting sector is one massive fraud waiting to collapse. See Enron, WorldComm, etc. Or...China.
I still like 10/20/15 as some sort of doomsday date. Should I start a religion? Send me your money if you want to be saved. Money? I meant PM.
Thanks for the laugh of the day.
Why not?
Every 2 weeks we have another doomsday. This month it was going to be jade helm, then the jewish holiday a few days ago. Dumb fucks will never learn after centuries of constant predictions. Not even a stopped clock.
A distraction from the FED doing its job.
Why are they blaming cheerleaders?
On second video Zerohedge embedded. They are talking about SIV (Special Investment Vehicles).
Theater for the muppets. We know Bulltard and Dudley will push for a much larger QE4 to save the pension funds. Probably close to $200 billion/month to juice stocks. For the Fed it's infinite QE and 0% until the dollar dies. Then it's onward to IMF SDRs (per James Rickards).
Its like watching a gaggle of whores arguing over the best way to give a $10 blowjob.
Just like all credit card companies, what is my free payback percentage before one gets into massive debt without the ability to repay the obligations?
"Bullard is nuts! He knows nothing!"
Let's not forget the AIG debacle tied into bailout of banks. Perhaps we should dig into their current ledger.
and in other news:
UK PM David Cameron was accused of a certain act with a dead pig's head. We look at the Internet's response as the prime minister stays silent.http://sputniknews.com/art_living/20150921/1027290446/uk-david-cameron-p...
http://www.dailymail.co.uk/news/article-3242494/Revenge-PM-s-snub-billio...
Fuck Cramer.
Good boy.
they pull the plug when it is time to pull the plug
find out when it is time;-) and you will avoid major loss
r
https://enronnext101.wordpress.com/
The talk of raising rates by the fed is the same strategy as their brethern khazar talk of a two state solution.
So what has changed? Did Bulltard just wake up this morning and with a brand new vision? Why now?
... they eat their own, dontcha know.
More theatre at cnbc.
Arrest the FED for flooding the pockets of the rich.
In debt-based fiat currency systems each unit of currency is backed by the face value of a unit of debt.
But the debt bears an interest rate that gets paid before the principal...meaning there CANNOT BE enough currency at the debt's maturity date to pay it off.
So, debt is never paid off. It is rolled-over.
With each roll-over the accumulated interest gets bigger, and the portion that is principal gets smaller.
Eventually the principal portion is too small to service the interest at current rates. Then interest rates must come down, or debt will not expand.
And if debt doesn't expand, then there won't be enough currency to roll-over the debt securing the currently-existing currency...Because there is NEVER ENOUGH CURRENCY TO PAY BOTH THE DEBT, AND ITS INTEREST IN A CREDIT-BASED FIAT CURRENCY REGIME.
NEVER.
Eventually ZIRP is necessary to keep rolling over the credit backing the currency.
And eventually ZIRP is not enough. Eventually you need NEGATIVE INTEREST RATES.
ENTER QE.
With QE the CB simulates expansions of debt to back currency creation in conjunction with the government.
So the government really has no choice on the question of how much to spend...it must spend enough to allow enough currency expansion to allow roll-over of past debts. But it can still decide on WHOM to spend it.
BUT the QE results in the compounded interest further expanding, while the principal further shrinks...making the factors which triggered the QE in the first place even worse.
The only benefit to QE or ZIRP (if you can call it that) is delay.
The world wide credit-based-fiat currency system died in 2008.
Since then we've just been waiting for the congnoscenti to realize it, and stop the useless and corrosive life-support, and get on with a plan to transition to a less fragile system.
The problem is that a side-effect of the debt-based currency system is that it empowered its cronies. So they are in power, and married to this system, and can't envision a different one.
Cramer is one of the cronies. Bullard, obviously, is one too.
But Cramer is one who doesn't think past his payday, to its consequences. That is what Bullard was really saying.
REGARDLESS, between them and the other cronies, they better decide soon, or the issue will be decided for them. Then there will be a chaotic period where there is no consensus on what is money, and a consequent corrosion of trade. That period will go on until there is a consensus on money.
But there is no telling how much trade disruption will occur during the process.
Well put. I hope the collapse happens as soon as possible. My baby-boomer relatives are in La-La land.
Nothing more than a couple racketeers arguing over how primed the carburetor should be...
...on a blown engine.
Get rid of these cretins, or we'll never get better.
m
Remember there is no bad press as long as they spell the name right. The fact we're talk about Cramer in terms of policy elevates him. It makes him a player. The way you get rid of a troll is to ignore it.
Financial celebrities in a snit. Belongs in the grocer checkout lines.
DISTRACTION
I figured out Cramer was a douche bag even before I started reading ZH.
This guy talks moar shit. Bottom line: he doesn't vote til next year; and a hawkish governor does not a hawkish fed make.
hee hee...
From Jesse's
http://www.thestreet.com/story/13293245/1/vanguard-group-fires-whistleblower-who-told-thestreet-about-flaws-in-customer-security.html
"The Fed cannot permanently raise stock prices,"
Oh so you have been?
a psycho-therapist friend once said "we are always talking about ourselves" SOOOOOoooooo Bullard is actually talking about the Fed - WHICH CHEERLEADS AND SETS LOW RATES PERMANENTLY.
What great evil have we citizens done to be ruled by doofasses like bullard?