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Fed To Hold An "Expedited, Closed" Meeting On Monday

Tyler Durden's picture




 

Given how awesome everything appears to be, judging by stocks and the tidal wave of FedSpeak of the last week confirming that rates are rising in December, we found it at least marginally 'odd' that out of the blue,  The Fed would announce an 'expedited, closed' meeting on Monday...

 

 

As we are sure to be told: "it's probably nothing!"

 

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Fri, 11/20/2015 - 13:40 | 6818373 SloMoe
SloMoe's picture

"it's probably nothing!"

"it's probably something!"

Fri, 11/20/2015 - 13:43 | 6818387 booboo
booboo's picture

Judges 15:10

"And Samson said, With the jawbone of an ass, heaps upon heaps, with the jaw of an ass have I slain a thousand men."

Fri, 11/20/2015 - 13:44 | 6818392 hedgeless_horseman
hedgeless_horseman's picture

 

 

With the jawbone of an ass, heaps upon heaps, with the jaw of an ass...

Hilsenrath?

Fri, 11/20/2015 - 13:47 | 6818404 SoilMyselfRotten
SoilMyselfRotten's picture

Liesman

Fri, 11/20/2015 - 14:38 | 6818638 max2205
max2205's picture

Note;  congress wants Fed profits to fund highway and infrastructure 

 

Good luck!  Janet panic puke 

Fri, 11/20/2015 - 15:23 | 6818821 agstacks
agstacks's picture

Doesn't the fed already remit their profits to the treasury?  (less their member banks 6% guaranteed dividend?)

Fri, 11/20/2015 - 15:26 | 6818839 Baldrick
Baldrick's picture

congress wants a cut of the 6%.

Fri, 11/20/2015 - 15:37 | 6818884 Tom Servo
Tom Servo's picture

Draghi?

 

Fri, 11/20/2015 - 16:43 | 6819144 SWRichmond
SWRichmond's picture

four day weekend coming up

Fri, 11/20/2015 - 18:09 | 6819480 Money Counterfeiter
Money Counterfeiter's picture

If you hold $4.7 trillion in low interest bonds and third wold countries are dumping $11 trillion what would you do?

Watch the show.  lol 

Fri, 11/20/2015 - 18:31 | 6819539 SuperRay
SuperRay's picture

How do we hide City of London ownership?

Fri, 11/20/2015 - 19:36 | 6819724 mkkby
mkkby's picture

Notice everyone assumes something ominous.  Article leaves out how often this happens.  Maybe it's fairly normal.

Surprise... handing out bonus checks early this year.  Pop champagne corks and let out the strippers.

Fri, 11/20/2015 - 21:44 | 6820011 Majestic12
Majestic12's picture

"On Monday" [the 23rd]

Numbers 1, 6, 11, 13, 17, 22, 23, 26...

Nah, it's just coincidence....every month.

"Ordo ab Chao", bitchezzzzz....

Sat, 11/21/2015 - 02:27 | 6820564 eatthebanksters
eatthebanksters's picture

They're figuring out their escape plan after the Obama is out of office and the world economy crashes and we find out the truth...they are trying to identify a country where old white people will fit in and where there is no piano wire...

Mon, 11/23/2015 - 06:44 | 6826756 wanderer9641
wanderer9641's picture

reserve cutbacks = put your twenties in Janets thong as she has taken over stripper duties.

Fri, 11/20/2015 - 21:48 | 6820022 Majestic12
Majestic12's picture

"How do we hide City of London ownership?"

Arrgh, make 'em walk the plank, Admiral!

Sat, 11/21/2015 - 10:06 | 6820961 SubjectivObject
SubjectivObject's picture

Admiralty Law?

Sat, 11/21/2015 - 00:04 | 6820339 Hal n back
Hal n back's picture

year end bonus discussion

 

Sat, 11/21/2015 - 09:04 | 6820830 JRobby
JRobby's picture

"Doesn't the fed already remit their profits to the treasury?" (Laugh Track Deafening)

What audit? When? Where?

Sat, 11/21/2015 - 09:55 | 6820933 StateofFraud
StateofFraud's picture

The money Congress wants for the highway bill comes from a $29 billion "capitalization" fund maintained by the Fed. 

Don't know why they'd be bothered. It's just a couple keystrokes to refill it. ;-)

Fri, 11/20/2015 - 17:11 | 6819253 Herodotus
Herodotus's picture

Yes, the Fed will soon begin a nationwide public works program using its profits instead of returning the money to the Treasury.  Since the projects will not be subject to the environmental review process (as they would if Congress was involved) the funding can get to the construction phase much sooner.

Sat, 11/21/2015 - 05:55 | 6820705 mrdenis
mrdenis's picture

Use Syrain refugees to work on highways and infrastructure  

Sat, 11/21/2015 - 07:53 | 6820757 Arnold
Arnold's picture

IED at every 1/10 mile marker.

 

Inshallah infidel.

Sat, 11/21/2015 - 11:13 | 6821087 saveUSsavers
saveUSsavers's picture

Hilsenratass

Fri, 11/20/2015 - 13:46 | 6818403 knukles
knukles's picture

Actually, years ago this was the procedure when one or more of the regional banks wished to have the discount rate changed. 
Usually wasn't too much of a deal back then, but what with our Zero-Bound Policy maintained by Zero-Intellect Academic Geniuses, who knows ....
Moreover, who the fuck cares at this juncture.
Anybody thinking that rates need to be raised for any "normal" reason of "too hot economic growth" or "too high inflation" or "rising inflationary expectations" is an idiot.

Fri, 11/20/2015 - 19:25 | 6819685 mkkby
mkkby's picture

Better theory -- new house speaker has been talking about fed audit bill.  This meeting is to plan a show of force.  Something to spook the markets and create urgent calls to congress.

Maybe the algos will be turned off for few days, or maybe there will be a rate hike.

Fri, 11/20/2015 - 20:42 | 6819880 Ballin D
Ballin D's picture

wtf does 'audit the fed' even mean?? who the fuck do you think theyre serving? The people who need to know what their books look like already know what they look like.

Its a fucking show to make the idiots think congress isnt part of the problem. congress is painfully aware that raising rates will bankrupt the govt in a moment.

Fri, 11/20/2015 - 21:38 | 6819998 DeadFred
DeadFred's picture

A downvote for the potty mouth. This is a Safe Space and I, for one, am offended that you use gender non-specific reproductive language without considering how it will affect the feelings of the bi, transgendered and omni-sexual individuals who may read your comments. Shame on you. "Can I get some muscle over here?"

Fri, 11/20/2015 - 21:52 | 6820032 Majestic12
Majestic12's picture

"This is a Safe Space"

And I am offended that you used the word "offended"!

Your request for "muscle"..are you a Rabbi or Priest by any chance?

Sat, 11/21/2015 - 08:48 | 6820810 Dr. Spin
Dr. Spin's picture

And I am offended that your offended that he used the word "offended"! 

My guess is that they are trying to figure out how to retract the offer of a hike.  Perhaps another terrorist strike in Belgium will give them an excuse to postpone once more.

The kabuki is getting mighty spooky...

Spoctor Din

Sat, 11/21/2015 - 12:18 | 6821264 blindman
blindman's picture

i, too, am offended that you use the words "retract"
and "hike" in the same sentence. then you compound the
offence by slipping in the terms "strike", "postpone"
and reveal your real cultural ignorance and unsafe
insensitivity by associating
"kabuki" with "spooky". please, slow your spin dr. or it
is back to indoctrination school for u.
(nice rhyme though)
.
i read somewhere the fed will never raise real rates
ever again, not till the post petro-dollar is
completely worthless and dead-replaced. i will
wait to see. no offense intended by using the
word "petro-dollar", "wortless" and "dead-replaced"
in the same sentence.
,
you can't slam a revolving door but that doesn't
mean it won't be broken.
off the rails....

Sun, 11/22/2015 - 21:56 | 6826139 Dr. Spin
Dr. Spin's picture

Damn, I've been busted,,,

Spoctor Din

Sat, 11/21/2015 - 16:29 | 6821964 SILVERGEDDON
SILVERGEDDON's picture

Well.

Dead Fred.

I am offended at your gratuitous nanny state lib tarding treatment of American colloquial language.

This is not Safe Space. This is Fight Club. Someone gave you faulty directions, I fear.

This is no place for RAMA LAMA DING DONG rainbow skittle shitting unicorn klingon cocksuckers from Uranus.

Please hose down a large living porcupine with pepper spray, and jam it firmly up your man-gina, or whatever it is you call it.

" I'm a man, and I can change. If i have to. I guess. "

Uhhhh - thought about it - no.

Sat, 11/21/2015 - 12:47 | 6821337 Lorca's Novena
Lorca's Novena's picture

Ryan is a cocksucker and is just going through the motions. Obozo has already said he'll veto anything of the sort.

Fri, 11/20/2015 - 20:57 | 6819910 Greenhead
Greenhead's picture

Mr K, with all due respect, many pensions and insurance companies are adversely affected by the financial repression of rates. Also grandma and grandpa. Many, many people need the income and guarantees in the latter part of their lives. Rates should reflect the real risk premium not an artificial construction designed to keep debtors solvent. Or, for that matter, the U S Govt's ability to service its debt in a way that is politically acceptable.

Sat, 11/21/2015 - 03:03 | 6820602 SixIsNinE
SixIsNinE's picture

 Majestic12 - from your link, i may have noticed before, but for our Unicorn lovers here at the Hedge, it's interesting to see the  Crest (is that the right word?)  - yes, it is I just looked it up - anyway, that's not the City London crest, has a Unicorn opposite a dragon.

The City of London Crest has two dragons -

any help on deciphering the crest from the link would be appreciated.

 

 

Sat, 11/21/2015 - 13:23 | 6821425 Tall Tom
Tall Tom's picture

Dragons and Unicorns are offensive. Please refrain from using those terms in this Safe Zone. Thank you.

Sat, 11/21/2015 - 05:19 | 6820688 Tall Tom
Tall Tom's picture

Greenhead...

 

A whopping $600 Trillion in DERIVATIVES are directly tied to the Ten Year Note.

 

How much real money will be transferred due to a 25 basis point hike?

 

It is NOT NOTIONAL. It is quite REAL and it will be an expenditure or gain depending upon your position.

 

$1.25 Trillion...per year...or so. (What's a few Billion amongst friends anyway?)

 

What do you think that US GDP is? $16 Trillion or so.

 

What PERCENTAGE of US GDP does that $1.25 Trillion in costs represent? About 8%.

 

Well half are on the short end and half are on the long end of that transfer. That is roughly 4%.

 

So you can subtract that 4% from the "growth" in the economy next year. We will run a NEGATIVE 3% GDP next year if rates rise. Our economy will contract and that will be an INSTANT RECESSION. It will tank the STAWK Markets.

 

But it gets even better. You know that if people can garner an extra 25 Basis Points out of the BAWND Market they will sell there existing UST and by the ones issued at a higher rate.If I had just a coll $1 Million invested in the 10 year that 25 basis point rise garners $25,000 per year. Over 10 years that is equivalent to a $250,000 HOUSE. That certainly is cheaper than financing a House on a Thirty Year Note.

 

Thanks Uncle Fed...FOR THE HOUSE(S).

 

But of course the BAWND Market tanks as it is FLOODED with lower yielding Notes.

 

Yeah. Go ahead Janet. Raise those rates, pleeeeeze.

 

Take down the STAWK Market and the BAWND Market with one action and totally collapse this shitshow.

 

Pleeeeze Janet. Raise those fuckin rates.

Sat, 11/21/2015 - 08:38 | 6820800 Kaervek
Kaervek's picture

But that's exactly why they can and will never raise rates

At some point the market might collapse anyway, but the FED will never take the blame, they are going to be the glorious saviour with NIRP or some other retarded idea how to "save" or rather maintain those insanely inflated stock valuations

 

Sat, 11/21/2015 - 10:53 | 6821054 Eyeroller
Eyeroller's picture

The Feral Reserve members must pray every night for a terrorist attack on US soil so they'll have something to blame the crash on.

Sat, 11/21/2015 - 12:23 | 6821272 blindman
blindman's picture

there is a difference between prayer
and orchestration though the two are
frequently related.

Sat, 11/21/2015 - 09:12 | 6820847 JRobby
JRobby's picture

+10,000 The amount of wealth generated for the oligarchs by the derivatives market on a monthly basis is beyond obscene.

Sat, 11/21/2015 - 11:20 | 6821110 saveUSsavers
saveUSsavers's picture

Hair on Fire bs ! A 1/4 pt isn't going to "call-in" any fking derivatives.

Sat, 11/21/2015 - 13:11 | 6821400 Tall Tom
Tall Tom's picture

Okay. Then we need to raise them.

 

Let's experiment. Why not? There are only human lives at stake.

 

I am positioned for any outcome. Are you?

 

Let's raise them. You think that I am jesting?

 

I AM MOST DEFINITELY NOT JESTING.

 

Let's bring this shitshow to an end.

 

And you...yes Y...O...U, will see what real want is all about.

 

Damn. I cannot wait for the lack instead of plenty.

I cannot wait for the breaks in the supply chains.

 

I cannot wait for the bans to fail...and the money printing afterwards to stave off the massive deflation caused by this idiocy.

 

Then YOU will know just what Argentina is all about...as you, for the first time in your life, experience the ravages of a hyperinflation.

 

So you are mistaken if you believe me to be jesting.

 

What is funny is that it scares the shit out of you because you cannot argue AGAINST THE MATH. You could not even put up a Mathematical counterargument.

 

Math is the basis of RATIONAL THINKING. You are emotionally operant as you resort to denial, rather than rational.

 

But the NUMBERS do not lie, do they?

 

There is NO WAY OUT. They are going to fuck all of the savers...unless you are outside of their counterparty risk.

 

They are in a Credit Trap. There are NO WINNING MOVES.

 

THERE ARE NO SOLUTIONS as EVERY SINGLE Partition has been VIOLATED. Partial Differential Equations have solutions within distinct Boundaries and when the Boundary Conditions have been violated one gets divergences and runaway recursive functions.

 

And you haven't a fucking clue about that which you are writing. You are just another fucking INNUMERATE. You are on a FINANCIAL WEBSITE and this is NOT Yahoo. Numeracy is a REQUIREMENT as that is thelanguage of Finances.

 

Raise those rates Janet Yellen. Pleeeze raise them.

Sat, 11/21/2015 - 08:56 | 6820818 gatorengineer
gatorengineer's picture

In the wake of this weekends upcomming ISIS attacks, I believe it may actually be to implement NIRP.

 

 

Sat, 11/21/2015 - 09:01 | 6820826 gatorengineer
gatorengineer's picture

Glencore collapse meeting perhaps?

Sat, 11/21/2015 - 13:16 | 6821409 Tall Tom
Tall Tom's picture

Wishful thinking?

 

I hope that Glencore implodes down into a smoldering ash heap....just like the World Trade Centers.

Sat, 11/21/2015 - 10:31 | 6820992 Give up. Realit...
Give up. Reality is not scientific nor even mathematical.'s picture

Knukles: "Anybody thinking that rates need to be raised for any "normal" reason of "too hot economic growth" or "too high inflation" or "rising inflationary expectations" is an idiot."

How about raising the interest rates because the economy has been gasping for fiscal air for the last seven years due to ZIRP's negative effect upon the all-important money multiplier effect of interest income, which is a key diver in a healthy economy?

The "miracle of compound interest" isn't working for anyone but the moribund TBTF banks.

Talk about idiots! Zippy the Pinhead, you can call yourself Knukles all day long, but at the end of the day, you're still just the same old sweating, blushing Zippy the Pinhead.

Fri, 11/20/2015 - 13:53 | 6818443 Martial
Martial's picture

China about to massively dump more treasuries and devalue?

Fri, 11/20/2015 - 14:00 | 6818483 kralizec
kralizec's picture

Probably.

Maybe they finally discovered the vaults at 33 Liberty really are empty after all.

Oh well, let's party!

Sat, 11/21/2015 - 08:58 | 6820821 gatorengineer
gatorengineer's picture

i get a chuckle out of people who say china is devaluing.  look at the yuan realative to the Euro, Canadian Dollar, Indian Rupee, or Brazil Real and tell me they are devaluing.  Thats just MSM here in the US, i would have thought Zero hedgers would know better.

Fri, 11/20/2015 - 14:27 | 6818594 glenlloyd
glenlloyd's picture

It's probably NIRP + cash ban.

After Turkey day you'll be required to turn in all your cash.

Fri, 11/20/2015 - 14:37 | 6818629 NotApplicable
NotApplicable's picture

I'm guessing NIRP + reestablishing ISIS funding.

Fri, 11/20/2015 - 14:49 | 6818686 lehmen_sisters
lehmen_sisters's picture

NIRP + QE + new chrome grill guards for the ISIS 'Yotas.

Fri, 11/20/2015 - 14:49 | 6818688 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Cash ban, huh? I still think it's too early for everyone to g oalong with that here.  It is very interesting that they rushed out all these chipped cards though. Oh well, let's get it started. I'm as ready as I can be at this point

Fri, 11/20/2015 - 18:10 | 6819483 NihilistZero
NihilistZero's picture

From what i read the chipped cards don't really enable much more tracking than was availiable under the old system.  Fraud prevention and quicker settling of payments were the big changes.  And I'm sure there were multiple federal mandates that were satisfied.  Because, government.

Fri, 11/20/2015 - 15:02 | 6818728 mbutler101
mbutler101's picture

Seems to be one of the guidelines of our self appointed overlords. It's not wise to spook the herd during the holidays...too many variables and unpredictability. Let them focus on being good consumers and stuffing their faces. However, it is certainly permissable to meet and decide when to drop the hammer during the holidays.

Fri, 11/20/2015 - 19:32 | 6819712 BeerMe
BeerMe's picture

Can't turn in something I don't have because of these fuckers.

Fri, 11/20/2015 - 13:43 | 6818376 slaughterer
slaughterer's picture

They are going to bail out the Etrade KBIO short.  

Fri, 11/20/2015 - 13:50 | 6818429 hedgeless_horseman
hedgeless_horseman's picture

 

 

All I want to know is when do we get to borrow money at negative interest, like the governments?

Fri, 11/20/2015 - 14:26 | 6818588 A Nanny Moose
A Nanny Moose's picture

After they've stolen what is left of every retirement account.

Fri, 11/20/2015 - 20:15 | 6819816 SoilMyselfRotten
SoilMyselfRotten's picture

And ship every bar of gold out of the country

Fri, 11/20/2015 - 14:39 | 6818644 NotApplicable
NotApplicable's picture

I would gladly let you pay me a hamburger on thursday, for a hamburger today.

Fri, 11/20/2015 - 16:14 | 6819023 Bastiat
Bastiat's picture

Sign me a for a few $trillion.

Fri, 11/20/2015 - 14:01 | 6818485 vq1
vq1's picture

i think he counts as "small enough to fail"

Fri, 11/20/2015 - 14:21 | 6818575 Tyrone Shoelaces
Tyrone Shoelaces's picture

Fuck me, that Gofundme shit really does work!

Fri, 11/20/2015 - 14:41 | 6818651 Dead Canary
Dead Canary's picture

Ok. I'm in Vegas and I'm on a hot streak. I can feel it in my bones.

All I need is a little cash....

Fri, 11/20/2015 - 20:04 | 6819788 Baronneke
Baronneke's picture

I didn't know they had a stockmarket in Vegas. ;)

Sat, 11/21/2015 - 05:25 | 6820692 Tall Tom
Tall Tom's picture

Well they do have a Casino on Wall Street in New York City after all.

 

Surprised?

Fri, 11/20/2015 - 19:35 | 6819721 MANvsMACHINE
MANvsMACHINE's picture

You referring to a GoFuckMe account?

Fri, 11/20/2015 - 13:41 | 6818377 Seasmoke
Seasmoke's picture

If it was during the weekend I would be interested. Otherwise , pass the stuffing.

Fri, 11/20/2015 - 14:11 | 6818535 lasvegaspersona
lasvegaspersona's picture

Not a weekend but it is before the longest US holiday....hmmmm....

Fri, 11/20/2015 - 13:42 | 6818386 NYPoke
NYPoke's picture

Ruh Roh Raggy

Fri, 11/20/2015 - 13:43 | 6818389 Racer
Racer's picture

'We better raise interest rates now so we can cut them again in December'

Fri, 11/20/2015 - 13:51 | 6818433 knukles
knukles's picture

That's about the total extent of the Bullshit being floated about these days.
Moreover, assuming that raising them a nickle (.05, or 5 bips) is gonna make any difference when they need to ease later on.
World's falling apart and the Fed makes a "Big Fucking Deal, Mr President"* to lower the Funds Rate by 5 basis points.
Hah ha ha ha ha ha ha ha ha     It's Amateur Hour!

* Joe Biden to Barack Obama in the passage of whatever landmark legislation it was that didn't work.                                    

Sat, 11/21/2015 - 10:56 | 6821061 Eyeroller
Eyeroller's picture

'We better raise rates just before a Black Swan event so that can be blamed for the crash.  Nobody will then blame us for 'saving' the economy by rescinding the pissy little rate rise and bringing in NIRP and moar QE.'

Fri, 11/20/2015 - 13:45 | 6818393 LawsofPhysics
LawsofPhysics's picture

Pay no attention to the choppers leaving for those private islands...

hunt every federal reserve board governor, since Kennedy, down and execute them already.  Restore mark to market and Glass Steagall.

Might as well get it over with.

Fri, 11/20/2015 - 14:01 | 6818484 Winston Churchill
Winston Churchill's picture

I haven't had THE call to round up children,grandkids, and family heirlooms LoP.

Everyone on ZH will be the second to know when I do.

Fri, 11/20/2015 - 14:19 | 6818567 seek
seek's picture

I'm convinced that if you were able to examine all the Fed Board's communications records (like a certain three letter agency no doubt can) you'd find a common link (or two) outside the Fed -- and that would be the actual threat to the markets.

While the people we can commonly name are willing participates to this disgusting hijack of the markets, let's not kid ourselves that there isn't a set of much bigger fish with no names issuing orders. At this point I don't even think they're part of the deep state, that those guys are getting orders from them as well.

Fri, 11/20/2015 - 15:15 | 6818788 leftcoastfool
leftcoastfool's picture

"a set of much bigger fish with no names issuing orders."

They have names: Anu, Enki, Enlil, and all their descendants - the Anunaki...

Fri, 11/20/2015 - 14:24 | 6818584 Chris88
Chris88's picture

Glass-Steagall is nothing more than another regulatory load of shit.  Fed/FDIC gone tomorrow = not future banking crisis.  Glass-Steagal, the call of mental midgets who never analyzed a bank in their lives.

Fri, 11/20/2015 - 14:52 | 6818695 lehmen_sisters
lehmen_sisters's picture

Exactly, no need for Glass-Steagall when banks have to risk their own capital, regulations won't fix jack shit.

Sat, 11/21/2015 - 00:04 | 6820338 herkomilchen
herkomilchen's picture

Yes and partnerships return where partners are personally liable for all company losses.  Now that would get you some prudent and responsible business practices.

Fri, 11/20/2015 - 18:13 | 6819495 Raymond_K._Hessel
Raymond_K._Hessel's picture

Where did you learn this nonsense?

Look at the game tape!

Fri, 11/20/2015 - 14:39 | 6818637 venturen
venturen's picture

Those choppers are headed to the FED dollar warehouse...they are pickup the bales of dollars

Fri, 11/20/2015 - 13:45 | 6818396 divedivedive
divedivedive's picture

Aren't all their meetings 'closed' ?

Fri, 11/20/2015 - 13:48 | 6818413 hedgeless_horseman
hedgeless_horseman's picture

 

 

Of course their meetings are closed.  Just like their books.

So?

It's not like they are a public entity. 

Sheesh.

Fri, 11/20/2015 - 19:58 | 6819772 tom a taxpayer
tom a taxpayer's picture

But, but... the Federal Reserve website says:Government in Sunshine Meeting Notice

http://www.federalreserve.gov/aboutthefed/boardmeetings/20151123advexp.htm

Maybe the Mariner Ecclecsiatial building needs to be renamed to George Orwell building.

Sat, 11/21/2015 - 18:13 | 6822253 blindman
blindman's picture

the george orwell building in the
land of gladio.

Fri, 11/20/2015 - 13:46 | 6818399 slightlyskeptical
slightlyskeptical's picture

Rate hike on Wednesday. And many more after that. I think the Fed is about to flip over the Monopoly Board.

Who do you owe money to?

Sat, 11/21/2015 - 10:57 | 6821062 Eyeroller
Eyeroller's picture

No way will they flip over the Monopoly Board while Obola is in office.

Fri, 11/20/2015 - 13:46 | 6818401 stant
stant's picture

Helicopter drop to save save xmas

Fri, 11/20/2015 - 13:49 | 6818422 booboo
booboo's picture

Quantitative Pleasing

Fri, 11/20/2015 - 14:16 | 6818556 BandGap
BandGap's picture

Quantitative Wheezing.

Fri, 11/20/2015 - 14:32 | 6818608 Usurious
Usurious's picture

MMM........more monetary masturbation

trav7777

 

Fri, 01/08/2010 - 17:28 | 187571 trav7777

''Fundamental misconceptions abound:  debt is not investment.  It only is so long as you assume aggregate growth to repay the loan.

The contractionary future imposed by energy peaks and declining EROI mean that lending in the aggregate is foolhardy as an economic proposition.  Thus, speculation and leverage but nothing else.

We got used to borrowing as a means to fund future production - in fact China is this writ large - instead of using productive savings to do so.  Everything revolves around an attempt to get risk-free return, to have money make money by being idly parked in some "vehicle" which pays a coupon.

The contractionary nature of the post-Rome world is why debt usury was outlawed.

All debt needs to be converted to equity, and the notion of lending to a government to be backstopped by inevitable GDP and tax receipts growth brought to a final conclusion.  This means we have to destroy central banks and revert to Colonial Scrip which was a Real Bills Doctrine currency regime.

Banking is a racket...money should not be permitted to "make money" without risk or based upon a presumption of perpetual growth.  Every experiment with Central Banking or lending to sovereigns has ended with a gigantically indebted sovereign and a need therefore for growth and strangulatory taxation.''

http://www.zerohedge.com/article/consumer-credit-plunges-175-billion-con...

Fri, 11/20/2015 - 18:02 | 6819458 Raymond_K._Hessel
Raymond_K._Hessel's picture

You may enjoy: http://www.globalresearch.ca/extraordinary-times-intentional-collapse-an...

A bit long and meandering, but good.

Fri, 11/20/2015 - 19:35 | 6819720 Tyrone Shoelaces
Tyrone Shoelaces's picture

Interesting, and that was written before the age of Obama - a lot has changed, would like to see them update it now!

Fri, 11/20/2015 - 20:59 | 6819916 o r c k
o r c k's picture

Quantitative freezing according to the weatherman

Fri, 11/20/2015 - 19:37 | 6819727 MANvsMACHINE
MANvsMACHINE's picture

We are fresh out of Happy Endings but have a few Crappy Endings if you're interested.

Fri, 11/20/2015 - 13:54 | 6818449 Bay of Pigs
Bay of Pigs's picture

The Onion had this one nailed in 2008 with the Money Hole.

http://www.theonion.com/video/in-the-know-should-the-government-stop-dum...

Fri, 11/20/2015 - 14:26 | 6818589 seek
seek's picture

Not a bad call at all, with all the other indicators showing a completely shitshow (BDI, Oil, cargo carriers, etc) I suspect the Fed is seeing data that's identical to the 2008 collapse.

I'm not sure they can do the drop fast enough for Christmas, though, that's barely a month away and spinning up check printing to get it into people's hands by say, 12/20, would be a complete bear. I think the Bush stimulus took nearly three months to distribute. And we'd still have to have Congress vote on it.

If it's not a helicopter drop, it's probably deciding how to handle FX intervention given what's going on outside the US.

Fri, 11/20/2015 - 23:25 | 6820264 Bunga Bunga
Bunga Bunga's picture

Just to save us from a red Friday.

Fri, 11/20/2015 - 13:46 | 6818402 Doubleguns
Doubleguns's picture

Thanksgiving week when so many people are traveling and Th and Friday are holidays for many. Hmmmm they could not be planning something could they. 

Fri, 11/20/2015 - 15:24 | 6818828 lakecity55
lakecity55's picture

Like, maybe, a Bank Holiday?

"Due to the addition of theYuan to the SDR, the FRN is now dropped 40% in value, and, oh, yeah, turn in yer gold!"

Fri, 11/20/2015 - 18:11 | 6819491 COL Jackson
COL Jackson's picture

Confiscating gold is too much trouble, some of you lot have guns.  Theyll just magically turn your 401ks and IRAs in govt. IOU nothing accounts.

Fri, 11/20/2015 - 18:29 | 6819519 moratar
moratar's picture

Don't laugh in Poland gov. stole 75% of polish equivalent of us 401k.

And ou supreme court decided it was right thing to do :(. now they are about to take rest of it.

USA is not as wild as you might think.

Fri, 11/20/2015 - 18:37 | 6819561 COL Jackson
COL Jackson's picture

Argentina took 100% of pension accounts after they defaulted on their debt.

Fri, 11/20/2015 - 13:47 | 6818408 Kaiser Sousa
Kaiser Sousa's picture

DEATH TO THE MONEYCHANGERS...

 

Fri, 11/20/2015 - 13:48 | 6818419 Kaiser Sousa
Kaiser Sousa's picture

is it time for the rally in the Dow and S&Pee yet???

 

Fri, 11/20/2015 - 13:50 | 6818427 Denzilla
Denzilla's picture

What a great time to change rates...right before a major holiday, people will be travelling and not paying attention. By the time the sheeple figure it out it will be too late to get out. Sell Everything!

Fri, 11/20/2015 - 13:50 | 6818428 maneco
maneco's picture

Expedited Procedures seems like a euphemism for Emergency!

Fri, 11/20/2015 - 13:53 | 6818445 slaughterer
slaughterer's picture

With the market up on last month's Hawkish FOMC minutes they figure "why wait?"

Fri, 11/20/2015 - 13:54 | 6818454 JamesH
JamesH's picture

they are shredding the real minutes of their meetings and deciding who should be the recipient of a nail gun

Fri, 11/20/2015 - 13:55 | 6818460 gcjohns1971
gcjohns1971's picture

Watch yields on the long side.   It is there that will first be seen the early signs of the wheels coming off.

Fri, 11/20/2015 - 13:56 | 6818465 NoWayJose
NoWayJose's picture

There must be some differences be debated amongst the Fed members as to who they are picking for the NFL games on Thanksgiving Day?

Or they are planning a big Black Friday sale to offer to the big banks next Friday?

Or they really are going to start buying stocks and ETFs?

Fri, 11/20/2015 - 14:03 | 6818497 Vlad the Inhaler
Vlad the Inhaler's picture

How to avoid being audited and exposed.

Fri, 11/20/2015 - 14:03 | 6818498 Mark Mywords
Mark Mywords's picture

I'm sure it's nothing.

Isn't that something?

Fri, 11/20/2015 - 14:04 | 6818501 wisebastard
wisebastard's picture

truth be told somebody got some killer pink cocain from some dude from Panama that lives in Jamaca and they are gonna do blow all fucking day and hope they magically dont have to acutally do their job because they know how fucked up the shits about to get........

Fri, 11/20/2015 - 14:05 | 6818507 Omega_Man
Omega_Man's picture

ISIS - wake early on Monday

Fri, 11/20/2015 - 14:06 | 6818514 maneco
maneco's picture

Maybe they will be announcing a bailout for Joe Campbell!

Fri, 11/20/2015 - 14:10 | 6818532 VWAndy
VWAndy's picture

Well they have a tough choice to make. Either go cashless or introduce the new 200 dollar bill. Dont worry though it will have the same buying power as the older 100 dollar bill.

 

 

/dripping with sarc.

Fri, 11/20/2015 - 14:18 | 6818562 kw2012
kw2012's picture

Dear leader will nominate a Nobel Peace prize winning president not named Jimmy to be placed on front of the bill

Fri, 11/20/2015 - 14:22 | 6818578 VWAndy
VWAndy's picture

Chewbaka?

Fri, 11/20/2015 - 15:13 | 6818773 knukles
knukles's picture

She didn't get the Peace Prize; she got the Angry Lady's Lunch Menu Award

Fri, 11/20/2015 - 14:23 | 6818583 Tyrone Shoelaces
Tyrone Shoelaces's picture

And then appoint himself to the Supreme Court

Fri, 11/20/2015 - 14:12 | 6818542 jakesdad
jakesdad's picture

so are they hoping to sneak a hike in as people are leaving to travel for thanksgiving & mitigate drop(s)?

Fri, 11/20/2015 - 14:16 | 6818544 somebody poison...
somebody poisoned the water hole's picture

SELL SELL don't wait until monday 

Fri, 11/20/2015 - 14:15 | 6818553 RawPawg
RawPawg's picture

a sudden change in plans

something happened in the timing of the planned implosion

unforeseen supersonic "transitory" blip

Fri, 11/20/2015 - 14:18 | 6818564 Thisisbullishright
Thisisbullishright's picture

So what is the consensus on this meeting? Seriously?

Rate hike or NIRP?

Maybe raise rates 1/8th of a point next week and then another 1/8th point in December?

Thoughts....

 

Fri, 11/20/2015 - 15:17 | 6818792 knukles
knukles's picture

It's about some of the Regional Banks wanting to change their Discount Rates.  (The regions can all actually have different rates, by the way, but usually is done uniformly across all regions)
Here's a sample of what's what, methinks, via an older article from the WSJ

http://blogs.wsj.com/economics/2015/04/14/two-fed-regional-banks-shift-p...

Fri, 11/20/2015 - 18:06 | 6819470 Farqued Up
Farqued Up's picture

Whatever it is it gloves with hand because the markets are zooming. Bet our asses the insiders are buying for a reason, and that reason is stawk friendly.

Fri, 11/20/2015 - 14:18 | 6818565 allamerican
allamerican's picture

finally FED tells us they threw the regression model out the window 15 yrs ago; no more M1, no more I, no more C.  Just G..

Fri, 11/20/2015 - 14:20 | 6818570 Johnny Horscaulk
Johnny Horscaulk's picture

Up a bit to enjoy the Holiday debt binge cushion then have somewhere to go.

Fri, 11/20/2015 - 14:21 | 6818573 Conax
Conax's picture

The last time they had a double secret probation meeting the following Sunday night they slew the evil Osama and smashed gold and silver to a bloody pulp. El Presidente was at that one, though.

That pile of silver shorts for December is staring them in their inner-bred faces.

Fri, 11/20/2015 - 14:25 | 6818581 bid the soldier...
bid the soldiers shoot's picture

Federal Open Market Committees that have absolutely nothing to do, from time to time, enjoy pretending that their inaction is so important that it must be kept secret from economists around the world.

If this inaction excites the interest of the MSM about whether or not the Fed is going to raise rates 100 percent (from 0.25% to 0.5) maybe the phones of the committee members, will start ring toning again and invitations to dinners at expensive steak houses will clog up their calendars again like the good old days.

 

Fri, 11/20/2015 - 14:31 | 6818605 Baby Eating Dingo22
Baby Eating Dingo22's picture

They can cut rates to NIRP on Monday. then raise them 1/4 point in Decembr.

This will allow them to save face and still accomplish objective

BTW, CNBS covering this "BREAKING NEWS"??

Fri, 11/20/2015 - 14:44 | 6818668 J Jason Djfmam
J Jason Djfmam's picture

They will announce that because of our fine economic recovery, rates will be raised -.5 percent.

And chocolate rations will be increased from 25 grams to 15 grams.

Fri, 11/20/2015 - 17:56 | 6819440 Raymond_K._Hessel
Raymond_K._Hessel's picture

.25 but yes.

The cover of xmas gives them cover. Shit they may raise again in feb/mar before seeing indicia of cooling and bring it back down.

The dollar has to last long enough for the oded yinon plan.

Fri, 11/20/2015 - 19:11 | 6819649 Baa baa
Baa baa's picture

A 4 day weekend is plenty of time to clean a sufficient number of reirement accounts...

Fri, 11/20/2015 - 14:42 | 6818661 2muchtax
2muchtax's picture

they're trying to decide which FED banks have empty space for refugees. Maybe they can refurbish the old gold vaults

Fri, 11/20/2015 - 14:44 | 6818667 Y4-B_v8
Y4-B_v8's picture

Didnt you get an invitation?  The updated newsletter for HFT rules regarding ISIS attacks and WWIII threats hits the "closed" newstands Monday.

Fri, 11/20/2015 - 14:46 | 6818671 Armed Resistance
Armed Resistance's picture

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises

Fri, 11/20/2015 - 23:58 | 6820330 herkomilchen
herkomilchen's picture

Never get tired of reading that.

Fri, 11/20/2015 - 14:47 | 6818679 2muchtax
2muchtax's picture

they may just be looking for a respite from the boredom of debating 25 bps for years

Fri, 11/20/2015 - 14:49 | 6818685 NoWayJose
NoWayJose's picture

Janet - the Comex is out of Gold!

Oh, f*ck - let's have an expedited meeting next Monday!

Fri, 11/20/2015 - 18:16 | 6819501 moratar
moratar's picture

Same as you enter empty mcdonald and you scream: PPL there are no hamburgers at shelf! :)

There are no hamburgers becouse noone ordered em, and restaurant is empty buy you screaming and stuff working there watching at you like a idiot.

Fri, 11/20/2015 - 15:49 | 6818933 LooseLee
LooseLee's picture

Nah. They're beginning to come to the realization that they are soon to be exposed for what they are; a criminal cabal set up to fleece the common American. They are meeting to see what can be done quickly to minimize the damage. IMO its too late for them. The gig is up...

Fri, 11/20/2015 - 16:13 | 6819016 Nanur
Nanur's picture

Could it be .... see 

Transparency At The Fed - Why Is Janet Panicked About The House's FORM Act?
Fri, 11/20/2015 - 16:14 | 6819022 Zombies On Toast
Zombies On Toast's picture

This means nothing since they have these meetings every month. There have already been two this month and there were 5 closed meetings in October and 3 in September. Just take the time to investigate a little! http://www.federalreserve.gov/aboutthefed/boardmeetings/201511.htm

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