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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Really enjoy your comments and insight but I believe you're preaching to the choir here. +100
Now try the same thing on a more liberal website LOL
And MW will try anything as well like this headline... "Retirement savers: Don’t panic, don’t sell — plan"
ZIRP, NIRP, FART, SHIT whatever it takes.
[quote]"it doesn't matter that it hasn't worked in the past," The Fed will unleash moar QE to save the world.[/quote]
Thats all they can do. The Fed only has one gun and all it shoots is money.
"The Fed only has one gun and all it shoots is credit. "
The FED is shooting counterfeits, the equivalent of economic blanks.
How much money is sitting on the sidelines? Has anyone seen an accurate guess about this? The more money pulled out by large players, the greater the rollercoaster ups and downs will be. It will be a market for day traders who can jump in and out in minutes.
u know it's serious when they have to drag Krudlow out of the gay bars and put him on the phone...
Mr. Market's voice will finally overpower any manner of doomed fed desparations...
yes, but the "market" you speak of is NOT listed on any public exchange.
Been long sharecropping and guillotines for a while now. Sales of the latter should start taking off soon..
janet is yellin "put it back in, put it back in" but the bernake is limp
Simon Hobbs is a fucking idiot trying to peddle his "eCONomy is robust" bullshit. What a turd.
When he first went onto CNBS he tried to be fair I think. That ended right quick.
Right after his first performance review.
Cashin says, "we are still living in the LAST crisis..." as the CNBS puke heads sit their with their stupid ass mouths wide open in astonishment.
Welcome to the real world assholes...
How much money was spent defending the zero bound? A trillion? More? An historic expenditure?
See it is all Yellen's rate rise ha ha.
If she had been sensible and just not done it you might have got 12 months even 2 years of a slowdown.
What she has done has shortened that period, but that is stupid right?
Nope, she was banking on this there is no reversal to ZIRP she is going to go full on NIRP once the markets have dropped enough.
That would then give her some credence as a savvy financial manipulator like the others, they are not dumb schmucks. They do not do make mistakes, they have goals to achieve and because we are not sitting there as one of the elite you do not see their intentions. If you see the 2008/9 bailout to secure the financial position of elites then it would take getting close to 10 years to unravel most of the wealth from tied contracts (the 10 year rule).
That is what this is about and at some point when secure, the FED would raise rates or attempt too, after if that failed a jump into NIRP. Like who is allowed to protest?
If you want to short anything bet the FED does NIRP within 6 months maybe less and after that more QE. This is a structural change to preserve elites where they believe a rate of NIRP and value of QE will restore the system economically for themselves and watch the population get turned over.
NIRP = -x% + QE = $value is the happy families for them scenario no matter what it takes.
In the example it could be QE = $forever value and growing or just NIRP they will merge the two the %NIRP is the one to catch all like the %YOY increases in growth to preserve Keynes and TBH they cannot genenrate enough hidden QE in loans because there is no serious growth.
How much money was spent defending the zero bound? A trillion? More? An historic expenditure?
Dupe
http://southpark.cc.com/clips/210mw0/bailout
everyone thinks of "& it's gone" but this is actually funniest part of that episode...
That whole episode is golden.
I watched that rerun yesterday...Margaritaville.
"And it's gone.."
apparently the chiken stoppped on: "buy everything in sight at any cost!!!"
wonder how much of that circle is anything but? maybe instead of differenct actions it's just a clock face to decide when to engage ppt?
INDU down 500 in 3 hours, and not one varsity game of knife-catching:
http://finviz.com/futures_charts.ashx?t=YM&p=m5
"Running out of Tools" - not at CNBS - what a shill the brit is...
All to save a few big players on Wall Street.
More QE when it hasn't fixed anything.
last Hurrah is direct check writing to the small people.
I've been telling people your last statement for a year now
Does anybody know how much oil falling effects demand for US $? With less petro $ flowing, is that helping to tank things?
1000 point correction today? Where are the troops to stop this? Lawdy...
1) Nirp
2) QE for the people
3) Debt Jubilee
4) Currency reset (introducing the Sheiss Dollar-40 per cent haircut)
5) Introducing the Sheiss dollar II
6) Introducing the Gold backed real dollar (since no one would accept our Sheiss Dollars
Now wait just a darned minute! Obama said everything is awesome at the State of the Union just the other day!
ABOLISH THE FED. They are IDIOTS.
Nope, they like to think : we are too clever, maybe by a half or a full Kondratiev CYCle. (40 to 60 years!)
Hahaha! Very fooooooorward thinking thar!
I don't know if its linked to the movie : The Revenant
But two icons from the past are making a come back as TSHF :
Abby Cohen, ex raging bull of GS and BLYTHE MASTERS now Ex- JPM :
http://uk.businessinsider.com/blythe-masters-blockchain-company-digital-...
Wow, the woodwork on the Titanic does secrete some nice old worms.
Hope someone shorted this sucker!
My 15,666 hat is feeling too tight. Time to add a propeller.
We are already in a recession Art Cashiion. Wake up man. Unemployment data is BULLSHIT. 46 MILLION on FOOD STAMPS.
Translation of what every moron says: The solution to debt saturation is... debt super-saturation.
##### THAT IS FALSE #####
##### THAT CANNOT WORK #####
Yet that is where they will go.
The only solution is crash and burn... and dissolve fictions like "government".
True dat. But why don't you tell us how you really feel.
By the way I wanted to mention to you that inorganic entities consciousness cannot be affected by dark matter in the same way as organic ones; at least I dont think so. The soul of humans comes from the unknown, and the un-understandible, inorganic intelligence needs to have a final deduction and/or induction based on the premise that truth is relative to time and space. There are no really valid inputs except for love and tranquility for survival
it is either that or sure destruction. it all leads to destruction but destruction 2 minutes from now is better than destruction now.
They just cant make the jump to having just a bit of integrity, its pathetic. Now back to the Land of Oz.
May be is This!
C/P:
C/P:
{ January 13, 2016 "Information Clearing House" - "NEO" - Russia has just taken significant steps that will break the present Wall Street oil price monopoly, at least for a huge part of the world oil market. The move is part of a longer-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from the US dollar, today the Achilles Heel of the Russian economy.}
You miss having someone in your life telling this!
it's completely understandable.
Stop crying already. The Fed knew this would be happening. So it is allowed. By design (whatever the intention of their design is. I have no idea).
JUMP YOU FUCKERS!
JUMP!!
Ok 1857, were there and ......
Every possible bottom, they will try to jack-up till the very end. The margin calls are starting in earnest now, so it could be a while, And if it is a while, there will be another derivative crisis and bankruptcies galore that will push it further. Let's all hope and pray for the end of this tyranical fiat system. Amen
venerable? please. he's a puppet. go and enjoy your retirement old man. He's sounding like a complete prat, upset cause prices might actually go down. Boo fuking hoo. Equity prices are SUPPOSED to go up and down, unlike this rigged BS that he'd like to see. People like him make me sick
No one saw this coming! /Sarc
I have debt and I'm pretty much a bad credit risk, so mark me down as BAD DEBT and serve up...
the JUBILEE!
That has such a nice ring to it.
Pronounced: JEW... BILL... EEEEE!
All my debt is unsecured CCs, I own nothing and last filed BK in 1989, so it's all good. SUCKERS!
Exactly right. That is what the Fed is cooking up now. If the Fed buy7s up all of their outstnding bionds with printed money... well they own it right and can do anything they want with the paper....like just cancel it. Can't let the market revalue all of the real estate and stock valuations.
Its like your old wealthy uncle who "forgives" all the debt you have borrowed from him. Where's the problem? The Chinese and the Jaoanese will do the same thing. Now if all CB's just "retire" the debt ...where's the problem?
Watch for the puppets on CMNBC start to float this Krugmanesque / Kafkaesque idea.
ISIS at Saudi wellhead.