With These Two Headlines, Fed "Credibility" Just Hit A New All Time Low

Tyler Durden's picture

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jus_lite_reading's picture

The MATRIX is breaking down! AHHHHHH!

knukles's picture

Hah ha ha ha
And both headlines from the same source

The Saint's picture
The Saint (not verified) knukles Apr 14, 2016 12:40 PM

Greenspan said he believed that problem could have been solved in the United States had Congress taken up the fiscal policies put forward by Alan Simpson and Erskine Bowles in 2010. The bipartisan plan created "a very clever way of controlling the deficit," he said.

Looney's picture

Why’s he wearing his hairpiece inside out? ;-)


Bastiat's picture

The Fed remains responsive to changing circumstances!

HardlyZero's picture

Dear Mr. Fed


EMF - Unbelievable.



(What the?)
(What the fuck was that?)

You burden me with your questions
You'd have me tell no lies
You're always asking what it's all about
But don't listen to my replies
You say to me I don't talk enough
But when I do I'm a fool
These times I've spent, I've realized
I'm going to shoot through
And leave you

The things, you say
Your purple prose just gives you away
The things, you say
You're unbelievable




nuubee's picture

You can keep your doctor.
You can't keep your doctor.

Obamacare will save you money.
Obamacare will cost you more.

I did not have sex with that woman.
I did have sexual relations with that woman.

Mission Accomplished.
Mission never-ending.

No New Taxes.
New, increased taxes.

The economy is doing fine.
We're on the brink of recession.

China is telling the truth about it's GDP.
China is crashing.

Greece will pay it's debts.
Greece won't pay it's debts.

bob_bichen's picture
bob_bichen (not verified) knukles Apr 14, 2016 1:07 PM

Firesign Theater...Confidence in the System



Martial's picture

rate hike....ha! reminds me of the sign at the local bar "free beer tomorrow"

Consuelo's picture

Where the fuck is Dick Roman when you need him...?



lasvegaspersona's picture

Bickus Dickus?

I had a fwiend named Bickus Dickus in the Woman Wegion....did you know him?

Osmium's picture

Baffle 'em with bullshit.

Countrybunkererd's picture

Listen to Greenspan's speeches, the baffle with bullshit applies.

This, just bullshit.  Really more like dogshit.

bada boom's picture

The fed should have a rule that doesn't allow any outside speeches or references to policy action at all!


Also, why is saying this today.  The market is on a good run.

minitrue's picture
minitrue (not verified) Apr 14, 2016 12:35 PM

Obama meets with Yellen yesterday, Fed Reserve special meeting, change in Fed.

No surprise.

booboo's picture

"Did you hear me tell you that the signal in the satellite feed is slowly recycling down to extinction?"


Yen Cross's picture

   Battle of the Algos.

HardlyZero's picture

+ nice reference to the Heston ape movies.


Now, who's function is bigger ?

fauxhammer's picture

Nasty looking toup

TradingIsLifeBrah's picture
TradingIsLifeBrah (not verified) Apr 14, 2016 12:37 PM

Summer is Coming

Game of Rate Hikes

Countrybunkererd's picture

Yaahhhh!  Summer games!  I think a few will be hit in the face with the "horseshoe"...if anyone even knows what that game is anymore.

slaughterer's picture

If you put the two statements together, it means that a rate hike is likely in April, but Lockhardt is not going to be supporting it, rather his evil colleagues.  

Kaiser Sousa's picture

"who you gonna believe? me or yo' lyin eyes????"


The MponeyChangers.

Hohum's picture

Credibility doesn't matter -- Dick Cheney.

economessed's picture

I just consulted the Chicago Manual of Style. On page 321 on the right hand side, it specifically says that including the words "Federal Reserve" and "credibility" in the same sentence or phrase is an illogical construct.

Countrybunkererd's picture

At first i thought you were going to comment on that wig on his head.  Then I thought, "Chicago? ... Style?"  That doesn't make sense at all, Paris maybe, but...

Snípéir_Ag_Obair's picture

Gee, there must have been a stunning degradation of the real economy's fundamentals over those 3 weeks.

These people are monkey astrologers

Stop listening to them, buy physau/ag, long oil, and sell your internet and banks shs for any top 5 pharma making pills for boners and/or fatties.

count on people getting fatter but still committed to having awful fatty fat fuck sex.


Countrybunkererd's picture

So wrong!!!!!!!!!!  but you do have a good point.

Theonewhoknows's picture
Theonewhoknows (not verified) Apr 14, 2016 12:43 PM

Clear example of Bubblenomics and how the system is rigged. To save ourselves it would be good idea to have some central bank-proof portfolio and this may be the entry point to actually not sinking with the stock exchange http://independenttrader.org/permanent-portfolio-models-and-their-long-term-roi.html

The Bell Rang's picture

What a fucking MORON...

bob_bichen's picture
bob_bichen (not verified) Apr 14, 2016 12:48 PM

Grab your crayons, kiddies!  It's Time to DRAW!**

1.  Take any crayon out of the box.  (Either end of the crayon will work.)

2.  On your blank white-privilege piece of paper, draw a Round Square, with no corners.  It must be a four-sided square, and it must be perfectly round.

3.  Next, on the other side of your white-privilege paper, draw a Square Circle.  It must be round, but it must have four corners.


And next time on Time To DRAW!**, we will be drawing Triangles with five corners and four sides, as well as Stars with just two sides.  Stay tuned.


**Brought to you by The Federal Reserve Bank  ("We Baffle and Waffle!")




Countrybunkererd's picture

I am beginning to believe that every single American institution follows this "art for education" program in full force.

Bill of Rights's picture

Should be jailed for Market manipulation...

The Duke of New York A No.1's picture

Ya mean Bullard & the Hawks were just Josh'n everybody with all that Live Meeting & Rate Hike talk a few weeks ago?.

brada1013567's picture

Live meeting?, they are going to do jello shots and play quarters.

bluskyes's picture

Either way, we can't say we weren't warned.

HardlyZero's picture

Now, with many Inflationary signs, we are getting to where prices may go higher...

400,000 free college educations, a few days ago

Many cities and states are raising minimum wages by 50% (but to be replaced by robots, apps, and kiosks), but this is like 50% wage inflation ($10 to $15/hr).

Many food items are getting very expansive.


The times are a changin' - Dylan, 1964

Constant change is here to stay - Rush, Digital Man, 1982

Virginian's picture

Tylers:  Thank you for making my day - I really needed a good laugh!

Ajax_USB_Port_Repair_Service_'s picture

Short term memory loss can be a symptom of serious brain damage.

Countrybunkererd's picture

Well looking back at that picture, it can be assured he never once smoked pot, so the brain damage thing is my bet.

EddieLomax's picture

The Gartman is strong in this one

Rockatanski's picture

well consider the source...Market Watch is probably a bigger tool then CNBC.

they have some of the worst articles and writers that apear to be trolls from the obama whitehouse staff

honestann's picture

This guy should write financial/economic newsletters!  Most of hem have a very simple "standard practice".  Say just about everything may well happen.

Then years later you can ALWAYS point back to the statements you made that turned out correct, and brag about how brilliant you were!

Newsletter author 101.