Fed's Fischer Responds To Paul Tudor Jones

Tyler Durden's picture

"We're not terrified," proclaimed a cognitively dissonant Stanley Fischer, responding to concerns raised by legendary trader Paul Tudor Jones over the stock market's extreme valuation - the value of the S&P relative to the size of the economy - should be “terrifying” to a central banker, Jones said earlier this month at a closed-door Goldman Sachs Asset Management conference, according to people who heard him.

 

*FISCHER SAYS STOCK MARKET VOLATILITY DOESN'T TERRIFY HIM

"I'm not terrific at forecasting stock market directions" - which begs the question, what are you terrific at forecasting?

On The Dollar, Fischer dismissed Trump's comments but seemed to let slip some awkward reality...

Fed Vice Chairman Stanley Fischer, when asked about President Trump’s comment on the USD, says “we do not take a particular statement, by even a president, into account in making our decisions on the interest rate.”

 

“The markets know how to price the dollar fairly well, and the dollar has actually been depreciating lately, and that’s of some help, but it wasn’t part of our plan,” Fischer said Friday in interview on CNBC

He then added that "should the dollar get too strong, we'll respond," seemingly indicating a 3rd leg to the mandate stool that Congress is unaware of.

Fischer also noted that the US economy is not performing as well as The Fed had expected (understatement of the week).

But he had an excuse for that:

"Something going on that Fed doesn’t quite understand in consistently weak 1Q data"

So it's transitory... which is also what he said about inflationary forces really.

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SloMoe's picture

"Something going on that Fed doesn’t quite understand"

Enough said...

Haus-Targaryen's picture

No, Mr. Fischer.  You should be terrified.  

BaBaBouy's picture

FED: "We're not terrified,"

Of COURSE NOT... Why should they be...

Fedie can print unlimited paper Fiats $$$'s and buy up stocks Ad Infinitum...

Thump Will NEVER AUDIT the FED Either...

eclectic syncretist's picture

FED'S FISCHER SAYS: "THE FEDERAL RESERVE ACT PERMITS US TO LEGALLY COUNTERFEIT VALUE, SO WHY SHOULD WE BE WORRIED? iT'S EVERYONE ELSE THAT SHOULD BE WORRIED".

FISCHER SAYS: IT'S GOOD TO HAVE A LISCENCE TO COUNTERFEIT.

FISCHER SAYS: PAUL TUDOR JONES OBVIOUSLY DOES NOT UNDERSTAND THE MISSION OF THE FEDERAL RESERVE.

FISCHER SAYS: THE ONLY THING THAT WORRIES ME AND MY FELLOW BANKSTERS AND OUR OWNERS IS THAT THE GENERAL PUBLIC MIGHT EVENTUALLY CATCH ON TO THE CON GAME WE'RE PLAYING ON THEM, AND THE MONUMENTAL COST IN TERMS OF HUMAN LIFE JUST TO KEEP THE CON GOING.

Placerville's picture

We're not terrified because we don't understand...

Blissful ignorance, hardly. Deeply corrupt.

illuminatus's picture

Oh, I believe the Fed understands perfectly well what is going on. It is you appearantly that fails to understand what they are doing.

Squid Viscous's picture

back to Israel the motherland - in a body bag. you fucking kike traitor

FreeShitter's picture

Why should it terrify him? CTRL-P is their weapon of choice. 

ebworthen's picture

Exactly.  What's another $20 Trillion of gravy for the banks/corporations/insurers?

No such thing as money anymore, as long as Toto doesn't pull open the curtain on Oz.

Get back to work Serfs!

Squid Viscous's picture

who downvoted ?

he's not a kike?

or a traitor?

Israeli citizen?

man up... or be a pussy jew like all the rest

barysenter's picture

Tudor didn't say they were terrified, he said they should be. Where did this idiot learn to read?

101 years and counting's picture

why should they be terrified?  if stocks ever dare to drop more than 1%, any Fed member can hit a headline for the algos to run with...just as the Fed prints a few billion to jam vix down 10% in a matter of minutes....and all is fixed.

TheSilentMajority's picture

The poltergeist villain speaks.

zzzz88's picture

central bankers are whores claiming virgins. lie bigly.  rig all the markets, but claim innocent and independent.

mily's picture

we know the truth you fochin FED fairies, you shit your pants when s&piss is down 2%

U4 eee aaa's picture

no, they don't. They print with impunity. And I'll bet they are even calm about it. Maybe even laughing

Laughinggrizzley's picture

These clownz understand what's going on, as they have created depressions and kept interests rates low (to create bubbles), as they are the banksters bitches. 

Soul Glow's picture

Keep up whatever you're doing Fischer, I love buying silver under $20.

U4 eee aaa's picture

call us in 20 years about that

Seasmoke's picture

Fuck this Dual Citizen.

Squid Viscous's picture

sarah eisen will surely ask him some tough questions...

lol...what a fucking joke

Lady Jessica's picture

MEFOBILLS claims Stanley was involved in blowing up the Japanese economy back in the day.

Squid Viscous's picture

made a few shekels... no doubt

khakuda's picture

Of course stock market volatility doesn't terrify him.  The Fed has ensured that there is none unless it is on the upside.  Jones comments were about valuation, not volatility.

Weak Q1 data in an economy that is 70% consumer shouldn't surprise anyone.  People are spent out by then and the weather stinks.

spastic_colon's picture

let me get this straight...........a fed official from an "autonomous" entity uses the media to directly repsond to wall street?????  that should be the tell right there!!

Bryan's picture

If you are not terrified then that's even worse!

U4 eee aaa's picture

I don't understand why they should be terrified at all either. They can print unlimited amounts of money. It is not going down until they say it is going down. Has the last 8 years not proven this?

LawsofPhysics's picture

so long as the producers of the world accept that bullshit paper/digits, yes you are correct!

CHX13's picture

What they say, especially in public, is meaningless. Watch what they do and make up your own mind what the impications thereof are.

small axe's picture

Fischer is proof that pure evil exists

SuperRay's picture

And that evil comes in a bland and avuncular form. He even looks like a fucking Rothschild. He better get on the treadmill. His time is running out

GoldHermit's picture

They are not smart enough to be worried. They think they are doing the right thing and just watch them start dancing when it blows up in their face!

LawsofPhysics's picture

LOL!!!  priceless!  Oh well, get long sharecropping and guillotines!

beat the rush.

orangegeek's picture

Hey Fischer - remember that goat fucker judge that was found on the shores of the Hudson and had stopped breathing??

 

You're next asshole!!!!

jubber's picture

"No Mr Bond I expect you to die"

onwisconsinbadger's picture

Dual citizen with allegiance to only one country and one tribe. Loser ! sad !!!

Chippewa Partners's picture

This is truly pathetic. Bend over America!

Pareto's picture

Another case of somebody in charge who can't find their ass with both hands.

TabakLover's picture

Fuck this guy. EOM.

fattail's picture

Should the dollar get to strong, we will go back to destroying its value so savers and old people have no choice but to buy risk assets, while our masters are selling.

Fisher

saveUSsavers's picture

FED COCKROACHES NOW RESPONDING TO HEDGEFUND COMMENTS?

FUMIGATE THEM ALL !

Bam_Man's picture

Another (((Dual-Citizen))) and a born liar.

Zeej's picture

I stan the man fischer could care less what the governing body of the united states says for I am a rhodesian schooled in Israel and this political body (FOMC) does not serve the interests of the American people. 

BurningBetty's picture

The problem with the Fed and the CBs is this:

1. They have engaged in continues buying of assets to give an impression of healthy ecnonomy and paper-wealth, which people using as collateral for further levarage.

2. They need to continue expanding their balance sheets in order to maintain this view so people can keep spending and buying, perpetually increasing the debtload.

3. Whatever they think they can do, they can never unload their positions because it would literally kill the market as there isn't nearly enough demand to soak up all the crap they have been buying over the years. "My way, or the highway" = CBs owning everything in the end and killing that very thing they so eagerly attempted to control!

4. As more and more investors cash in, leaving CBs to buy whatever is left, there is less and less "paper-wealth" economy to rely on among regular Joes as they are no longer part of this market and can no longer borrow against their already levitated paper wealth.

5. The only sane solution left is to do one thing that has always had value: buy gold and silver.

 

Sorry_about_Dresden's picture

Oil is secret sauce that keeps velocity of money from stalling. If oil prices drop there is less need for UST debt, and Feral Reserve must put excess on balance sheet, providing less money to buy emini futures market. Make sense?

Insurrexion's picture

More fucking proof of a Monster movie where you are the one who dies in the end.

Now, you might say, “So what? I’m making money, who cares how.”

I say, “Fine, you fuckers. Get it your fake returns in a fake economy while you can, because the fake Central Banks have made real economics irrelevant.”

Look at the fucking real interest rates around the fucking world (the real indicator of the health of the real economy). Down, down, down (since 1980).

The fucking CBs created fake this economy by “hoping” their fucking Keynesian “stimulation” would work on what was a structurally sick real economy.

It didn’t fucking work. They created the “Frankenstein Economy.”

Now the CBs, (the Dr. Frankensteins) have blistering tight assholes riding the shoulders of a Monster towards a cliff in the dark; while, you and your families’ lives depend on them to “monitor and respond to the data”…for fuck’s sake.

Be crystal clear about this. The Dr.s cannot stop pumping fake cash into their Frankenstein Economy. Otherwise, the Monster stops walking, or falls over the cliff, crashing down with the Dr.’s on its shoulders and everyone dies.

 

The question for you is not if, but when.
hangemhigh77's picture

Just hang this lying thieving treasonous PIECE OF DOGSHIT already. I'm sick of the sound of his fucking voice.

0valueleft's picture

So easy to be arrogant, with other peoples money and a printing press. Tonight he'll have a $300 dollar meal with a $500 dollar bottle of wine, in a $3000 dollar suit. He produced nothing and provided no beneficial service for that reward. He will sleep like a baby.

What will eat and drink tonight? What are you wearing? How will you sleep after paying taxes and the rent approaching in a week?

He has our best interests in mind, I'm sure!