According To JPM There Is Now A "Better-Than-Even Chance" Of Fed Action On September 21

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 08/30/2011 - 16:43 | 1616477 TruthInSunshine
TruthInSunshine's picture

<--  QE to infinity & beyond ('American Spring[Fall]' Cometh)

<--  QE3= Off With 'Let Them Eat iPad2' Heads (GS&JPM positioned accordingly)

 

Letter from Wall Street to The Bernank & William Dudley (hand delivered, sealed with a perfumed kiss):

Dear Ben, Please Print us More Money

Tue, 08/30/2011 - 17:01 | 1616587 whstlblwr
whstlblwr's picture

This kind of crap lets Ron Paul win. This is good example of wall street calling for money printing at expense of citizens. Higher food costs, gas costs up, they don't care as long as they see bonus for new car.

Today just mere mention of monetary easing, QE3, by Fed Evans pushed up gas and food costs. I use these examples on social media for people too busy to pay attention.

Tue, 08/30/2011 - 17:07 | 1616599 TruthInSunshine
TruthInSunshine's picture

When the markets depend, nearly exclusively, on more BernankBux, one needs NO MORE confirmation that the economic structure is one gigantic Ponzi & CONfidence game (just as Madoff, Kotlikoff & James Grant have said) and is about to fall hard.

The opaque Federal Reserve wants to project The Bernank as some sort of wizard behind the curtain, when he's a bearded, trembling, nervous, quivering lip nerd, who has no idea how real economic activity is promulgated, and he would have been better suited as a research assistant somewhere.

Good luck, bitchez. Prepare accordingly.

Tue, 08/30/2011 - 17:08 | 1616609 whstlblwr
whstlblwr's picture

Well, yell it far and wide. People need to make connection that QE3 is printing money, lead to hyperinflation. Higher stock market means more expensive living. Wall Street and Federal Reserve are printing money at expense of all people in the world.

Tue, 08/30/2011 - 17:45 | 1616707 WonderDawg
WonderDawg's picture

Is it just me or is anyone else so fucking tired of hearing about QE3 is on or QE3 is off; it's in the bag; there's no fucking way; it's a done deal; it's politically impossible.

First we had to wait weeks with everyone speculating this or that would happen at Jackson Hole, then a big nothing, and the market rallied because Bernanke farted.

Fuck me to tears, what a world we live in. 

Tue, 08/30/2011 - 18:40 | 1616854 slaughterer
slaughterer's picture

WonderDawg, I had a girlfriend in the NYC of the 1980s, the heiress to a multi-billion dollar designer clothing fortune, whose favorite slang expression was "fuck me dead."  So maybe in her world, your last sentence should read, more hyperbolically: "Fuck me dead, what a world we live in."  

Tue, 08/30/2011 - 19:17 | 1616985 WonderDawg
WonderDawg's picture

You should have married her.

Tue, 08/30/2011 - 19:26 | 1617007 slaughterer
slaughterer's picture

Got someone better.

Tue, 08/30/2011 - 18:42 | 1616863 snakeboat
snakeboat's picture

Cmon Dawg

It's in the bag

but

There's no fscking way

but

in the end

It's in the bag

Tue, 08/30/2011 - 19:20 | 1616994 WonderDawg
WonderDawg's picture

And in the meantime, we speculate, debate, and wait. I've got dry powder burning a hole in my pocket, and I can't make a move for fuck's sake, because sure as shit I'll guess wrong.

Tue, 08/30/2011 - 21:23 | 1617362 DavidC
DavidC's picture

If you had a gun with one bullet left in it would you fire it just to hear the noise it makes?

Bernanke will NOT do an overt QR3 unless he has NO other choice. That will never happen unless the Dow is below 10,000 or the S&P below 1,000.

DavidC

Tue, 08/30/2011 - 21:47 | 1617455 WonderDawg
WonderDawg's picture

So, you don't think the Dow is going back to 10,000 or the S&P below 1,000? I think we'll see those levels before the end of September. In fact, I think Dow below 10,000 is a given. But my frustration is in the short term. Medium term (1-2 years) I'm set for the bear market and I don't think they can print their way out of it. I'm just sick and tired of every movement in the market being analyzed as a reaction to QE speculation.

Tue, 08/30/2011 - 18:44 | 1616870 slaughterer
slaughterer's picture

TruthinSunshine:  the letter you link to "Dear Ben, Please Print us More Money" is written in the style of a child"s letter to Santa Claus.   If that is what Wall Street has come to, then the whole industry should be ended at this point.  

Tue, 08/30/2011 - 22:47 | 1617665 TruthInSunshine
TruthInSunshine's picture

That letter was penned by Richter, and is meant to spell out the real reasons and the real knock on effects for and from additional Quantitative Laxative Easing by the incompetent (Evans) and/or corrupt (Dudley & Sack) members of the criminal organization (also, arguably violative of the Constitution) that is the Federal Reserve Racketeering Outfit.

And yes, Wall Street should be dissassembled, so that this country can be free of its parasitism, which is bleeding the real productive capacity of this nation absolutely dry, and destroying what's now left of our foundation and capacity to rebuild our economy.

...Chucky Schumer, Manhattan and the Deeply Captured regulators and bagmen on K Street be damned.

Tue, 08/30/2011 - 16:39 | 1616485 lolmao500
lolmao500's picture

Do they really care if 2 people say no? They can just do it... what the hell are the 2 others gonna do? Cry about it?

Tue, 08/30/2011 - 16:39 | 1616487 Cdad
Cdad's picture

$5 trillion in fiscal and monetary stimulus...and these criminals are begging for more.

I have a better idea.  How about everyone of their banks simply go under, as should have happened in 2008?  I think it would be cheaper, and also has the side benefit of delivering justice to our profoundly criminal class of bankers.

Just a thought.

Tue, 08/30/2011 - 16:58 | 1616575 eatthebanksters
eatthebanksters's picture

It would be nice if the tail stopped wagging the dog wouldn't it?  We need to change the laws which, according to Eric Holder's Justice Dept\artment, don't allow us to prosecute and convict these criminals. (Maybe congress could pass a law akin to NY's Martin Act?)  We need to pass rules regarding records keeping and access to info so tha trained watchdogs could keep something like this from happening again (get it Barney?)  We need to vote out the current royalty on congress and replace them with folks who wish to do good by the people and for the people.  Society is on its way down a black hole...

Tue, 08/30/2011 - 23:14 | 1617770 Pegasus Muse
Pegasus Muse's picture

Can we just dispense with all the technical weasely legal mumbo jumbo?  Line the fuckers up and impale their asses .... in a nice neat row .... right down Wall Street.  Then go to DC and do the same.

Tue, 08/30/2011 - 20:20 | 1617163 boiltherich
boiltherich's picture

Well, it explains why hamburger just went to $5.59 per pound at Safeway today.  I quit buying it when it went from $3.29 to $3.49 last Christmas, but I wonder what people who have kids are going to do, of course they have SNAP but still. 

Tue, 08/30/2011 - 21:25 | 1617368 Bring the Gold
Bring the Gold's picture

I wonder, do people on this site have any idea how pathetically small the SNAP allotment is each month? It's tiny. It wouldn't constitute a single line of coke off a bankster hooker's ass and I'm talking a family of 4 with no income. If you want an exact figure a Family of 4 with no income gets $668 a month to live on.

If said family has been out of work since 2006 they are coming off the welfare rolls (5 year limit now). Lots of folks UC is running out. Once they are down to SNAP and SNAP alone they are looking at homelessness unless they have Section 8 housing (incredibly hard to get, and usually a legacy from the 1990's if not long before).

People on this forum wondering when the shit will hit the fan have no idea that for 60 million+ Americans it hit the fan years ago.

Tue, 08/30/2011 - 23:02 | 1617733 boiltherich
boiltherich's picture

Your telling me?  I get 932 per month SSD.  That was what my Mom had to live on in her old age just before she died, I am convinced she died of malnutrition. 

Tue, 08/30/2011 - 16:40 | 1616492 gjp
gjp's picture

disgusting, everyone involved with this politburo, money-destroying, self-aggrandizing hackery.  how can justice be done remotely in proportion to these crimes?

Tue, 08/30/2011 - 17:38 | 1616684 Strider52
Strider52's picture

TCTP - Too Corrupt To Prosecute

Tue, 08/30/2011 - 16:40 | 1616493 alien-IQ
alien-IQ's picture

this cannot happen. it just...can't.

Tue, 08/30/2011 - 16:52 | 1616550 Long-John-Silver
Long-John-Silver's picture

Everything is possible in the FED Zone.

Tue, 08/30/2011 - 16:41 | 1616497 IMA5U
IMA5U's picture

The Fed will not employ an all out QE3.  They will leave themselves some outs so the spectre still looms to scare the shorts and make people think it is a hazard not to be long.

After all, if the market rolls over their boy Obama won't get reelected.  Which means they will all be out of jobs.  It's all about jobs!

Tue, 08/30/2011 - 16:44 | 1616510 alien-IQ
alien-IQ's picture

it doesn't matter who is in office. the banks own them all. Look back at our history and tell me, how many presidents have we had that were not bagmen for the banksters?

Ron Paul is the only candidate that may not be...and we've seen what the media is trying to do to his campaign.

it's time for heads to start rolling...and I don't mean metaphorically.

Tue, 08/30/2011 - 17:02 | 1616595 Cdad
Cdad's picture

And the Ron Paul story, his candidacy, has reached Average Joe.  Despite the MSM's attempts to marginalize him, his popularity is rising.  This is creating more political risk for the Fed than ever before.  Add to this dissension in the ranks at the FED itself.

That the Street considers it all a slam dunk...is all you really need to know.

Tue, 08/30/2011 - 20:12 | 1617140 sun tzu
sun tzu's picture

It won't reach enough people. Too many have their hands in the cookie jar. 

45 million on welfare

2 million federal employees and families

1 million military and families

millions of government contractors and families

millions of state and local government emplyees and families

60 million receiving social security

 

The gravy train won't stop until it derails.

 

Tue, 08/30/2011 - 18:10 | 1616753 JohnG
JohnG's picture

Andrew Jackson.  That's about all of them.

Tue, 08/30/2011 - 16:44 | 1616504 vmromk
vmromk's picture

There will be no QE3 on September 21.

The Fed has interest rates where they want them, they announce QE3, and rates will rise, just as they did when QE2 was announced.

The entire ponzi scheme will crumble if rates start to rise.

The stock market will be the sacrifical lamb.

 

Tue, 08/30/2011 - 16:48 | 1616532 Spitzer
Spitzer's picture

Thats wrong. If you held German bonds through Wiemar, WW1 and WW2 you got wiped out 3 times. If you held Siemens stock, you would still have money today.

Stocks are not gold but they do represent real assets. Bonds represent fuck all nothing.

Tue, 08/30/2011 - 20:18 | 1617154 sun tzu
sun tzu's picture

Stocks in solid companies with good balance sheets. That pretty much wipes out all major banks

Tue, 08/30/2011 - 16:53 | 1616559 NotApplicable
NotApplicable's picture

But there won't not be QE3 then either.

It's all about manufactured consent. Something isn't going to happen, until it does, and by then, it's a given, so it's "priced in."

JPM is just setting it all up (as well as GS, Pimpco, etc.), as the announcement was already pre-announced months (if not years) ago.

In other words, all they are doing is managing expectations. The scope of action is already determined as the Coup of 1913 comes full circle.

Tue, 08/30/2011 - 17:00 | 1616585 eatthebanksters
eatthebanksters's picture

Jamie is directing all the traffic...

Tue, 08/30/2011 - 18:49 | 1616886 RockyRacoon
RockyRacoon's picture

Wonder how many Congressfolk will have to be taken into a back room and shown the REAL economic data to get them to pass another humongous stimulus plan?   They won't need threats of a financial meltdown this time -- just give 'em the unadorned truth.   Wonder if the TP members would fall for it anyhow?

Tue, 08/30/2011 - 20:19 | 1617158 sun tzu
sun tzu's picture

There won't be another stimulus. 

Tue, 08/30/2011 - 16:45 | 1616511 Long-John-Silver
Long-John-Silver's picture

Gold to $56,000 and Silver to $936 QE to infinity and beyond guarantees it.

Tue, 08/30/2011 - 16:51 | 1616547 tekhneek
tekhneek's picture

They left out the "$300 milk" estimates

Tue, 08/30/2011 - 16:53 | 1616556 Long-John-Silver
Long-John-Silver's picture

You missed a zero. $3,000 milk.

Tue, 08/30/2011 - 18:52 | 1616892 RockyRacoon
RockyRacoon's picture

The site had a smiliing Glenn Beck in a Goldline adlet.   Piss on it -- I shut 'er down.

http://www.goldline.com/d/index.html?id=788&utm_source=googleoptimizer&r...

Tue, 08/30/2011 - 20:21 | 1617165 sun tzu
sun tzu's picture

Who gives a fuck about Glenn Beck. Some people try to discredit gold by pointing to Glenn Beck. Glenn Beck drinks water, so maybe those people should stop drinking water

Wed, 08/31/2011 - 20:15 | 1621118 RockyRacoon
RockyRacoon's picture

Beck sucks.  I don't know how to put it any more eloquently.

Tue, 08/30/2011 - 16:46 | 1616520 buzzsaw99
buzzsaw99's picture

Funny reading the puppeteers analyze the words and actions of the puppets.

Tue, 08/30/2011 - 16:51 | 1616544 TruthInSunshine
TruthInSunshine's picture

+2.75 (formerly 1, but inflation's a bitch)

Tue, 08/30/2011 - 16:46 | 1616521 The Cash Flow i...
The Cash Flow is King's picture

Keep looking to the CPI to show that we are not priming the Dollar for its ultimate doom...

Keep looking to housing to show that inflation isn't a fear. 

Ignore the fact that the Fed balance sheet skyrocketed.

www.thecashflowisking.com 

Tue, 08/30/2011 - 16:59 | 1616579 buzzsaw99
buzzsaw99's picture

Correct!:

August 2011 CPI data are scheduled to be released on September 15, 2011.

2011 FOMC Meeting September, 20-21.

All "they" had to do was get the cpi down for one month to give the fed cover to run the presses.

Tue, 08/30/2011 - 16:47 | 1616524 Sequitur
Sequitur's picture

Can't they just say no?

At this point, frankly I wish China, Japan and the other countries would stop buying our debt. Plainly, discipline is not forthcoming from within. So why do these foreign countries persist in buying our worthless paper?

Tue, 08/30/2011 - 16:56 | 1616566 NotApplicable
NotApplicable's picture

Because the payoff is ownership of the sheeple.

Tue, 08/30/2011 - 18:58 | 1616921 Esso
Esso's picture

And then what? The only thing you can do with sheep is shear them or slaughter them.

Ack! Nevermind.

Do NOT follow this link or you will be banned from the site!