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All resources have been diverted to buy stocks.
Hopefully this is the beginning of the end!
Who knows, sometimes a cigar is just a cigar. Maybe the really really was a difficulty with the system. Any bets? Oh I'm sure everything is just fine.
Depends on where it's been.
Don't ask Monica, the Human Humidor.
Note that they didn't say "technical system difficulties" This is about the monetary financial fundamental counterparty liquidity "system" difficulty. A big SYSTEM difficulty.
All the same, it is reasonable to suggest that they didn't want to withdraw US$ liquidity in Fed system with a coupon sale at the same time they're trying to flood Europe with US$ in the new swap price arrangement.
So the Peter Schiff analogy of the Fed trying to empty the deep end of the pool into the shallow end with a teaspoon isn't working eh? Who would have guessed it?
"system Difficulties" also know as, running out of ink.
better run to the store
Actually it says "systems difficulties" which puts an even more mysterious spin on it.
Multiple, interconnected systems? or just computer systems? But this is the trouble with the world of ones and zeroes. That which cn easily be created can similarly easily be destroyed.
Look some of these computer thingys are pretty fuckin complex. They don't work ALL the time you know, and sometimes they break down, that's all...
Could have happened to anyone. And anyway, how could anyone possibly have foreseen this?
Act of god if you ask me. or maybe they're having a bit of difficulty 'doing gods work'?
I think it is a typo -- they meant to say "due to systemic difficulties."
Pretty soon, the message will read:
I'm sorry, Ben, I'm afraid I can't do that.
I'm sorry, Ben, I'm afraid I can't do that.
We'll soon learn that Thomas Jefferson designed and seeded an algorithm named Minute Man Eagle Eye that will overtake Federal Reserve black boxes and implement a program titled 'Operation Rothschild Killshot.'
maybe that can be the next National Treasure movie!
They come out with a hint of chocolate, spices, and Summers Eve.
The only thing that happened is that the Fed Board wanted to take a day off to soak in the fact that they are now determining WORLD interest rates.
or maybe they're taking some time out to count up how much money they've made insider trading since Monday...
We had 10 days before Doomsday.
Let's see if all thes Central Bank interventions can save us from midnight.
When playing chicken with math, only person that gets goosed is the one that ganders too long.
Figured I'd throw my hat into this week's bad pun run
When the latest form of easing (increasing swap line liquidity) precludes carrying on with the already in place form of easing (operation twist), you bet your sweet ass there are some SYSTEM DIFFICULTIES.
Not just minor glitches either.
Damnit! But the kukris are on back order!
Sharpened and lightly oiled mine last month. They are worth the wait.
Is Barry still making an appearance with Bieber at the NYC Tree lighting tonight? Clueless mongrel.
I hear Barry likes fresh meat!
Ain't fresh if Usher tapped it already.
Twist not going as planned ?
Bad dancer in the line-up ?
do you really want to see janet napolitano pole dancing?
Yes!! I would like confirmation as to whether she is a he.
If it looks like stale ground beef, it's difficult to tell sometimes.
They can go ahead and buy all these worthless equities all they like, Im sitting back laughing.
Me too dog... Larry kudlow's blue in the face, he's apoplectic, he can't understand why we're not buying it...! hahahahahaha. It's going down. Accept it you dumb fucks! the whole charade crumbling like the temple of doom. And I sit here watching in a fit of hilarity...
AW theyre mad we're not doing a 'Black Friday' in the markets?
Something's definitely up because oil, euro, and PMs aren't nearly as enthused as dumbass equities. And then you add the fact that some corrupt pieces of shit got advance notice so this is Day 3 of a bullshit rally.
Wow, first the Fed couldn't afford to wait for the market to crash to announce the next intervention, and now we find out there isn't enough money for an 8B POMO to be considered safe????
Time to brush up on the history of the 1907 crash here Tyler. A liquidity crunch brought the house down then.
All the CNBC guys have their jackets on...something is brewing...
Most people do dress up for funerals you know?
Well, the dumbshit military just drone-bombed another Pakistani site. Needless to say, Pakistan is PISSED!
Russian and Chinese boots on the ground in the US by Friday, folks!!
Maybe they just want to do a little Christmas shopping...
think of modern market liquidity like the tar sands. It's in there but it's worth a lot less, it's a bitch to get out, and there's a lot of angry people standing in your way.
had to lend ink to Greece.
That's ok, Timmay doesn't need the money. He can dip into the Fed employee pension fund. Then he can dip into Social Security. Then he can trade your 401k and pension balances for treasurys. Then he can tell you to STFU and take it like a man.
It has reached the point where the central bankers are literally buying up as much soverign debt as is being issued, and liquidity is STILL drying up. That should scare the crap out of the central bank cartel, but no matter, they can always fire up their G650s.
No worries. Obama's all over it.
A bunch of conspiring, thieving scumbags they are
No, it means something happened to the grand plans of the central banks.
I meant to say that you can never know what they're really up to ("system difficulties" my ass) while they're setting up their next trade.
They're having difficulties with the whole ponzi system.
God I hope so. Controlled demolition not going as planned for the wise ones?
After this mornings announcements, including the usual drivel on employment and housing, this is not the straw that broke the camels back, it's a lead pipe across the head.
They shovel money into the system that only requires more money to fund the money for the liquidity. The usual fall back point was stickign their hands in the pension cookie jar. That's empty, it's been spent, all of it obviously to the point where they need the printing presses rolling to just move the market.
Bet anything the market closes early this week or it's frozen in trades. The market takes the que and starts to price in the printing, if you are looking at 12k on DJIA that all because of physical materials. Gold, Silver, Oil, Food. The jump happens, then all prior contracts are now albatrosses hanging around the populations necks. This in turn forces the central banks to print more to calm REAL inflation, not their made up bullshit.
But you get a guy that makes materials and goods, we just shake our heads at the offers until the central banks stop acting like the world is infinite and figure out REAL value versus the pretend paper trade. paper trade catches up to real pricing, and then they start to print again because liquidity dries up in the system. Again.
As the debts get higher and higher so does the need for MORE money and lower interest, the time between bailouts gets smaller and smaller and smaller. Eventually you get boxed into a Zimbabwe type scenario. Blow job for two eggs. Nugget of gold for bread. Value goes into a deep and weird hole labeled chaos.
Now does that work in reverse also? I mean, can I get a blowjob for two eggs? I have a farm.
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