Art Cashin Comments On Today's Crash: "The Fed Will Try Anything"
"The Fed will try anything," warns Art Cashin, calmly explaining that markets "are in 'deep concern' mode," currently and if the S&P hits 1857, "there might be another whole new round of selling." The Fed's solution, Cashin stoically explains to a dumbstruck CNBC anchor, that "it doesn't matter that it hasn't worked in the past," The Fed will unleash moar QE to save the world.
The venerable Art Cashin unleashes some rather uncomfortable truths and no one dares disagree with him...
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I hear a helicopter outside!
I gotta go! It's Janet, dropping QE cash on main street!
Maybe but Janet's gotta walk herself out of the box she's put herself in first which will take time. S&P 1400 first.
There will be no real recovery what so ever!
The elite will soon run and hide in the bunkers paid for with citizens taxes, after engineering a full economic collapse as well as starting WW3, plus they will make sure that there are enough Jihadi's in the West to start a race war.
That should be enough to cover up the failed fiat ponzi scheme and take care of the 'excessive' population......
http://beforeitsnews.com/global-unrest/2016/01/the-lion-is-it-time-to-fi...
But it worked for Japan, right?
After running up the market 219% since 3/2009 they're getting their panties in a twist over a 19% drop!!! They still have 200% more to go!!
Must be that new age math -- 219% on the way up is only 69% on the way down, so we're almost a third of the way there.
there is no fed equity market put, aw fukkit
What rate hike?
The fake one. You know, the one that everyone believed really happened when it didnt.
The Banks DID receive a rate hike from The FED -on their QE generated 'excess reserves'.
An increase from .25% to .50% is a whopping 100% increase!
The rate never rose.
1. they never actually raised rates
2. the 100% increase is like me telling my girlfriend that my dick grew from .25 inches to .5 inches, ie it dont mean shit
Cashin in those shortz.
CTRL-P.....but this time.....HARDER !!!
Sitting on a pile of Silver and popcorn.
Avoid nailguns and open windows Art.....
Art is a button-down Wall Street insider, painting him as some sort of agent for change is fucking laughable.
Say what you will, but Cashin is old hand. He is keen purveyor of and servant to The Obvious.
Right now even an official QE/Printfest announcement would just drive the DJ +400 only to be faded within the next session or two.
someday they will announce moar qe AND nirp and the market will crash lock limit down. they will have to wade in and buy stocks and junk bonds to "save" the "market".
They buy the futures every day- it's nothing new.
Why do they need to QE ?
This isn't 2008, the banks are sitting on trillions in reserves, ready to pick the carcasses for
cents on the dollar.
QE was only to put them into that situation.
Thank you +100
Interesting that Cashin and Santelli get the love here while Peter Schiff gets mocked and ridiculed.
https://www.youtube.com/watch?v=5sie11QXI_Q
im glad they keep bringing him on.
It's because Schiff sees hyperinflation as the big (and only) risk. We've heard that. He keeps calling it with every QE, and ignores the complete absense of velocity of funds needed for hyperinflation to occur. If the past 10 years' market were a normal, functioning, "free" market, then Schiff would be right.
This is bat country.
What do you think happens after deeflation for a while.
You have a valid point on hyperinflation and velocity but anyone suggesting that there has been no inflation the last 6 years is delusional. Food, rent, cable, health insurance, tuition, etc... have all gone up significantly. I think the FED uses the "deflation" card to continue the Boom-Bust Ponzi that allows them to skim the market with QE to infinity.
How does one measure "inflation" for a dead currency?
The "flation" debate is fucking fiction!!!
Tell me smart guy, what is the velocity of a currency that nobody wants!!!?!?
How does one measure "inflation" when you go back to a barter economy asshat?
this time is different in so much as all fiat will die.
Those guys are at least smart enough to pile in during a bull market.
More and more are saying it. The Federal Reserve has lost all ability to forecast and control this economy. It is finally going to have the light of day shine on it. An audit is an unnecessary baby step, it needs to be repealed/deleted.
Yes, The Federal Reserve will have its charter annulled.
It will be part of "The Great Pogrom".
Someone wake Art up.
Nuke him from orbit. It's the only way to be sure.
Mr. Yellin
There a lot of Cashin and Santelli fans here. My guess is that they think these guys are honest and truthful people (Im not saying they arent). You criticize them, you will get red arrows.
However, the BlowHorn itself is a fuckan joke and has been for a couple of decades.
Fuck you cashin and the fuck the fed .
Anything to prop up equity markets while Obama is in office.
"The markets are going down to be bought "!
CNBC
RIght!
They can use artificial constructs, futures contracts, options, and other forms of make believe to manipulte interest rates, they can manipulate the price of gold, of silver, of LIBOR, of facebook and google, they can artificially set those prices anywhere they like.
But if they want to manipulate oil they need to be able to accept delivery, they have a place to put the physical oil. And they just ran out of room.
There is not a g-damn thing in the world left for them to do now.....
You forgot war, they always the mic ready.
You forgot war, they always have the mic ready.
except DIE of course. think about it, in the modern monetary system where no real collateral is required for new money creating, bankers/financiers are nothing but useless overcompensated middlemen between the computer/printer and the producer/consumer in the real economy.
Fuck em, time to execute the middlemen.
NOTHING changes otherwise.
...we can only pray for its death to save the future
"in the modern monetary system where no real collateral is required for new money creating, bankers/financiers are nothing but useless overcompensated middlemen between the computer/printer and the producer/consumer in the real economy. "
IMHO, the Bankers have perverted the monetary system by de-collateralizing it precisely because it is far easier to steal money via gernerating it sans collateral than stealing the collateral.
Money is now generated via accounting manipulation rather than by collateralizing real productive output.
Ctl-p = ledger fraud.
it's [f2]-[0]-[enter] in a google spreadsheet nowadays - [ctl]+[p] is SO 1980s...
in 08 geithner actually had to "call" (as in voice) paulson from a blackberry while he was jobbing - today he could just do it from his iwatch w/o breaking stride!
usa! usa! usa!
It's a good day to be medicated.
it is a good day to be a short little prick
ahahaha I'm having a good time so lets get the ZH casino going, 30 up votes for the winner. I'm going 15750 +- 10
Please, The Fed is a crimminal banking cartel, period. They need to be completely audited, perps prosecuted, and all monetary policies/systems must be reattached to something fucking real.
The Fed has no real assets and all the bad debt needs to be cleared, period. This can be done in a way that maintains the "full FAITH and credit" of ALL players in that monetary system or it can be done randomly by blades and bullets...
We all know what the outcome of the ongoing "let the majority eat cake" monetary experiment will be.