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Fed Cancels POMO Due To "System Difficulties"

Tyler Durden's picture


Ok, what the hell is going on? This is the first POMO ever cancelled in QE/Lite/Twist history. As a reminder, today the Fed was supposed to sell $8 billion in 2013 bonds: a liquidity withdrawing operation. Just how little liquidity is there in the "system"?


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Wed, 11/30/2011 - 12:34 | 1930631 YesWeKahn
YesWeKahn's picture

All resources have been diverted to buy stocks.

Wed, 11/30/2011 - 12:38 | 1930675 Fukushima Sam
Fukushima Sam's picture

Hopefully this is the beginning of the end!

Wed, 11/30/2011 - 12:42 | 1930712 DeadFred
DeadFred's picture

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.

Wed, 11/30/2011 - 12:43 | 1930729 hunglow
hunglow's picture

Depends on where it's been.

Wed, 11/30/2011 - 12:44 | 1930738 SokPOTUS
SokPOTUS's picture

Don't ask Monica, the Human Humidor.

Wed, 11/30/2011 - 12:50 | 1930822 Cleanclog
Cleanclog's picture

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.   

Wed, 11/30/2011 - 12:52 | 1930841 Dr. Richard Head
Dr. Richard Head's picture

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?

Wed, 11/30/2011 - 13:10 | 1930950 camaro68ss
camaro68ss's picture

"system Difficulties" also know as, running out of ink.

better run to the store

Wed, 11/30/2011 - 13:30 | 1931060 Oh regional Indian
Oh regional Indian's picture

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.



Wed, 11/30/2011 - 13:52 | 1931153 Harlequin001
Harlequin001's picture

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'?

Wed, 11/30/2011 - 13:54 | 1931174 Bastiat
Bastiat's picture

I think it is a typo -- they meant to say "due to systemic difficulties."

Wed, 11/30/2011 - 15:48 | 1931826 TruthInSunshine
TruthInSunshine's picture

Pretty soon, the message will read:


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.'

Wed, 11/30/2011 - 16:10 | 1931976 end da fed
end da fed's picture

maybe that can be the next National Treasure movie!

Wed, 11/30/2011 - 12:51 | 1930828 The Big Ching-aso
The Big Ching-aso's picture



They come out with a hint of chocolate, spices, and Summers Eve.

Wed, 11/30/2011 - 12:49 | 1930798 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

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.

Wed, 11/30/2011 - 13:54 | 1931175 Harlequin001
Harlequin001's picture

or maybe they're taking some time out to count up how much money they've made insider trading since Monday...

Wed, 11/30/2011 - 12:56 | 1930858 DormRoom
DormRoom's picture

We had 10 days before Doomsday.


Let's see if all thes Central Bank interventions can save us from midnight.

Wed, 11/30/2011 - 13:22 | 1931015 CPL
CPL's picture

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

Wed, 11/30/2011 - 13:15 | 1930974 Sunset chaser
Sunset chaser's picture

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.

Wed, 11/30/2011 - 12:42 | 1930721 tarsubil
tarsubil's picture

Damnit! But the kukris are on back order!

Wed, 11/30/2011 - 14:16 | 1931312 Shell Game
Shell Game's picture

Sharpened and lightly oiled mine last month. They are worth the wait.

Wed, 11/30/2011 - 13:13 | 1930962 Momauguin Joe
Momauguin Joe's picture

Is Barry still making an appearance with Bieber at the NYC Tree lighting tonight? Clueless mongrel.

Wed, 11/30/2011 - 13:40 | 1931114 my puppy for prez
my puppy for prez's picture

I hear Barry likes fresh meat!

Wed, 11/30/2011 - 14:02 | 1931206 Momauguin Joe
Momauguin Joe's picture

Ain't fresh if Usher tapped it already.

Wed, 11/30/2011 - 12:39 | 1930683 whatsinaname
whatsinaname's picture

Twist not going as planned ?

Bad dancer in the line-up ?

Wed, 11/30/2011 - 12:44 | 1930744 sabra1
sabra1's picture

do you really want to see janet napolitano pole dancing?

Wed, 11/30/2011 - 12:49 | 1930796 Janice
Janice's picture

Yes!! I would like confirmation as to whether she is a he.

Wed, 11/30/2011 - 13:07 | 1930938 Momauguin Joe
Momauguin Joe's picture

If it looks like stale ground beef, it's difficult to tell sometimes.

Wed, 11/30/2011 - 12:40 | 1930694 SheepDog-One
SheepDog-One's picture

They can go ahead and buy all these worthless equities all they like, Im sitting back laughing.

Wed, 11/30/2011 - 12:47 | 1930778 jdelano
jdelano's picture

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...

Wed, 11/30/2011 - 12:51 | 1930827 SheepDog-One
SheepDog-One's picture

AW theyre mad we're not doing a 'Black Friday' in the markets? 

Wed, 11/30/2011 - 13:21 | 1931010 Ragnar24
Ragnar24's picture

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.

Wed, 11/30/2011 - 12:48 | 1930786 Sunset chaser
Sunset chaser's picture

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.

Wed, 11/30/2011 - 12:49 | 1930809 c'mon man
c'mon man's picture

All the CNBC guys have their jackets on...something is brewing...

Wed, 11/30/2011 - 12:55 | 1930864 Dr. Richard Head
Dr. Richard Head's picture

Most people do dress up for funerals you know?

Wed, 11/30/2011 - 13:44 | 1931137 my puppy for prez
my puppy for prez's picture

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...

Wed, 11/30/2011 - 12:56 | 1930867 DaveyJones
DaveyJones's picture

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.

Wed, 11/30/2011 - 13:33 | 1931073 CPL
CPL's picture

Well said.

Wed, 11/30/2011 - 13:31 | 1931065 Deadpool
Deadpool's picture

had to lend ink to Greece.

Wed, 11/30/2011 - 12:34 | 1930634 kito
kito's picture

LULZ, BITCHZ!!!!!!!!!!

Wed, 11/30/2011 - 13:03 | 1930916 Sancho Ponzi
Sancho Ponzi's picture

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.

Wed, 11/30/2011 - 12:34 | 1930636 Non Passaran
Non Passaran's picture

A bunch of conspiring, thieving scumbags they are

Wed, 11/30/2011 - 12:37 | 1930658 CPL
CPL's picture

No, it means something happened to the grand plans of the central banks.

Wed, 11/30/2011 - 12:40 | 1930689 Non Passaran
Non Passaran's picture

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.

Wed, 11/30/2011 - 12:46 | 1930758 i-dog
i-dog's picture

They're having difficulties with the whole ponzi system.

Wed, 11/30/2011 - 12:58 | 1930888 DaveyJones
DaveyJones's picture

ping ponzi

Wed, 11/30/2011 - 12:44 | 1930741 Dr. Richard Head
Dr. Richard Head's picture

God I hope so.  Controlled demolition not going as planned for the wise ones?

Wed, 11/30/2011 - 13:08 | 1930940 CPL
CPL's picture

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.

Wed, 11/30/2011 - 13:12 | 1930959 GeneMarchbanks
GeneMarchbanks's picture

Now does that work in reverse also? I mean, can I get a blowjob for two eggs? I have a farm.

Wed, 11/30/2011 - 15:34 | 1931777 CPL
CPL's picture

Give it time.

Wed, 11/30/2011 - 16:22 | 1932041 DaveyJones
DaveyJones's picture

from a human or a chicken?

Wed, 11/30/2011 - 17:23 | 1932454 reload
reload's picture

Lots of livestock theft in my part of England. My neighbour had 120 sheep taken last night. This is new, last couple of years machinery has been the target of very organised and violent gangs. Now its food, all happening pretty fast.

Wed, 11/30/2011 - 13:40 | 1931110 LongBallsShortBrains
LongBallsShortBrains's picture

....Blow job for two eggs. 

Long hens

Wed, 11/30/2011 - 13:12 | 1930960 moldygoat
moldygoat's picture

Or, exactly as planned!

Wed, 11/30/2011 - 23:55 | 1933808 i-dog
i-dog's picture

It's amazing how few can see this. Clues scattered everywhere but they still think it was an accident.

Wed, 11/30/2011 - 13:17 | 1930980 rufusbird
rufusbird's picture


"No, it means something happened to the grand plans of the central banks."

Good point. Like suggest or hint they would like to abandon the Euro?

Wed, 11/30/2011 - 12:39 | 1930677 The Big Ching-aso
The Big Ching-aso's picture



Pomocidal maniacs.

Wed, 11/30/2011 - 12:41 | 1930699 lynnybee
lynnybee's picture

A bunch of conspiring, thieving scumbags they are      ...SO TELL ME SOMETHING I DON'T ALREADY KNOW !   I'M WORRIED !  

Wed, 11/30/2011 - 12:49 | 1930807 Bansters-in-my-...
Bansters-in-my- feces's picture

I see a goverment troll,or a banker,or/both,gave you a red arrow for your honesty.

Bankers and gov. trolls can not handle honesty.

It is their enemy.

Hang in there lynnybee,you seem like one of the strong ones.

Imagine what the weak,sheered sheep,still have to wake up too.

At least you have seen the light,and it's pretty dark,eh.

But how can you "unsee it"...?


Wed, 11/30/2011 - 13:43 | 1931127 slewie the pi-rat
slewie the pi-rat's picture

don't get stressed, lynny

everybody cancels stuff, alllll the time, according to my last gf when she changed her minds

here is a short video of the reasons this got cancelled:  The Blues Brothers - Jake's Excuses - YouTube


Wed, 11/30/2011 - 15:51 | 1931850 RockyRacoon
RockyRacoon's picture

Either you are getting more lucid or I'm losing even more of my mind than I thought.  Either way leads to enlightenment.

Wed, 11/30/2011 - 12:35 | 1930638 CPL
CPL's picture

Look at PMs,


Paper trade and physical are off by a huge margin.  They can't print it fast enough anymore.

Wed, 11/30/2011 - 12:37 | 1930661 GeneMarchbanks
GeneMarchbanks's picture

But they'll try...

Wed, 11/30/2011 - 12:37 | 1930665 LawsofPhysics
LawsofPhysics's picture

I think you are being optimistic.

Wed, 11/30/2011 - 13:19 | 1930992 CPL
CPL's picture

Me too,


The numbers I'm attempting to run against all of this I'm just seeing a faster rate of systemic entropy happening.  Next POMO has to be quadrupal or nothing.

Wed, 11/30/2011 - 14:13 | 1931285 pufferfish
pufferfish's picture

Ha! It might mean everybody is taking new found liquidity and started buying gold with it.

Now that, would be funny.

Wed, 11/30/2011 - 12:35 | 1930639 Irish66
Irish66's picture

this is getting gooooooooood

Wed, 11/30/2011 - 12:35 | 1930640 hugovanderbubble
hugovanderbubble's picture

French Banking System Swap Collapsed...

No collateral for French Banks-




Wed, 11/30/2011 - 12:45 | 1930756 SokPOTUS
SokPOTUS's picture

No good collateral?  Just like Lehman?

Wed, 11/30/2011 - 12:35 | 1930644 Gamma735
Gamma735's picture

This is the end, my beautiful friend, the end. -Jim Morrison. 

Wed, 11/30/2011 - 12:40 | 1930686 xcehn
xcehn's picture

You are absolutely right.

Wed, 11/30/2011 - 12:54 | 1930852 Manthong
Manthong's picture

Someday this war is going to end.

Wed, 11/30/2011 - 12:35 | 1930645 Bansters-in-my-...
Bansters-in-my- feces's picture

My head hurts...

Wed, 11/30/2011 - 12:42 | 1930646 hambone
hambone's picture

Printer JAM???

Wait - Fed to sell assets???  Does not compute...does not compute.  VOID.

Wed, 11/30/2011 - 12:48 | 1930789 TheFourthStooge-ing
TheFourthStooge-ing's picture

Quite possibly a printer fire; the way they've been running the fucker at full speed without a break, the parts that actually contact the linen are probably red hot.


Wed, 11/30/2011 - 12:56 | 1930877 hambone
hambone's picture

Uh ohhh...anybody notice BAC is rolling over!!!  Look for "extraordinary" help shortly???

Wed, 11/30/2011 - 12:36 | 1930648 Cdad
Cdad's picture

Ok, what the hell is going on?

Who could know?  However, one thing that IS going on right now is the destruction of world market well as a potentially lethal blow to free market capitalism.

Wed, 11/30/2011 - 12:38 | 1930671 CPL
CPL's picture

Capitalism?  You call this capitalism?

Wed, 11/30/2011 - 12:54 | 1930723 GeneMarchbanks
GeneMarchbanks's picture

Cdad is one of the few that don't use the whole sarc/ thing.

Wed, 11/30/2011 - 12:51 | 1930830 TheFourthStooge-ing
TheFourthStooge-ing's picture

CPL noted:

Capitalism?  You call this capitalism?

I'd call it capitalschism (and a lot of other impolite unpleasantries as well).



Wed, 11/30/2011 - 13:00 | 1930902 scatterbrains
scatterbrains's picture

I call it scalpe-it-alism and your dealing with scalpe-it-alists.


Wed, 11/30/2011 - 13:39 | 1931107 tmosley
tmosley's picture

I'd suggest you watch this short subject on scalping:

I say we put these guys in charge of prosecuting the scalpitalists.

Wed, 11/30/2011 - 13:01 | 1930910 Cdad
Cdad's picture

I am talking about the fleeting remnants of capitalism left within our crony capitalistic system.

Wed, 11/30/2011 - 12:43 | 1930726 SheepDog-One
SheepDog-One's picture

Cdad thats it bottom line, theyve destroyed any trust in markets, killed the golden goose. 

Wed, 11/30/2011 - 12:47 | 1930769 Dr. Richard Head
Dr. Richard Head's picture

I don't know about that. I still know Baby Boomers that are dumping money into their 401k's, savings accounts at the banks, buying real estate, and all of that nonsense.  I believe the generation behind them would be doing the same if they had any ecess capital.

Wed, 11/30/2011 - 12:53 | 1930845 SheepDog-One
SheepDog-One's picture

Really? Most of the 'Baby Boomers' I know among family and friends are crying that their 401K sucks, and since they CANT sell their house and drastically downsize, are moving in with their kids. That is, the kids who have a place to live still anyway.

Wed, 11/30/2011 - 12:58 | 1930885 Dr. Richard Head
Dr. Richard Head's picture

Yeah, but I live in a world where out county only see 6% unemployment and people around me still think that with hard work ethic and determination you can make things happen.  They, the boomers I know and work with, are still are making more than their bills.  Sadly, that will be ending for many of them.

Wed, 11/30/2011 - 13:48 | 1931155 MachoMan
MachoMan's picture

Same here for the most part...  our locale has not had its come-uppance yet...  every day I am in shock that we're holding up so well as compared to the macro...  I can't help but think that at some time, in the near future, the macro will start to weigh on the micro.

Wed, 11/30/2011 - 12:55 | 1930863 The Deleuzian
The Deleuzian's picture

Dr.......  GenXer's are not buying real estate...Atleast not yet...And the Millennials have no $ and no jobs...

Wed, 11/30/2011 - 12:59 | 1930899 Cdad
Cdad's picture

Whether or not Ben Bernanke knows this about the death of credibility...unknown.  He may be circulating an email right now to J. Dimon and the squid to sell the rally...such as he told them to buy the dip on Monday, I guess.  With credibility dead, capital will not form, and so the only capital left is that which B. Bernake prints.

Boomers have to be net sellers, Xr's are broke and losing their jobs, and younger generations are looking around at th Ponzi and gathering around R. Paul...or are Occupying Wall Street.

Until such time as these mega banks are finally broken  up [including the FED], there will be NO solution, and the Greater American Depression will roll on.  

Hope all of you out there have been stocking up on food stuffs.  This will only get uglier and uglier.

Wed, 11/30/2011 - 13:10 | 1930953 DaveyJones
DaveyJones's picture

they're right about one thing, we are at war. Please do not give up your civil liberties for food. Food resiliency is your greatest weapon. Work together, take them out.

Wed, 11/30/2011 - 13:06 | 1930931 Monedas
Monedas's picture

Commie Dad ? You be a Socialist lurker ? Capitalism is being vindicated every day after years of neglect ! What planet are you living on ? Socialism destroyed the Socialist economies and did horrendous damage to what little Capitalism ever existed ! Now is the time to explore works every time it's tried ! Monedas 2011 Comedy Jihad Socialism Eradication 5 Year Plan !

Wed, 11/30/2011 - 13:09 | 1930948 Snidley Whipsnae
Snidley Whipsnae's picture

Capitalism? Yeah, sort of Soviet Union, top down style capitalism. I believe we used to call that a command economy when the CCCP was doing it.

Now the new norm for the Fed is GDP targeting. Ain't America great! We just began this new GDP targeting program and already the Dow is up over 400! Our bankers and Fed are certainly getting the economy whipped into shape now. :)

Wed, 11/30/2011 - 12:39 | 1930652 LawsofPhysics
LawsofPhysics's picture

Even the Fed doesn't trust the Fed.  The ultimate liquidity/solvency problem.   Winning!  How do you say it again?  Oh yeah, "bidless".

Wed, 11/30/2011 - 13:01 | 1930908 spanish inquisition
spanish inquisition's picture

Pretty sure we are dealing with a spelling error - "Cancelled due to Systemic Difficulties"

Wed, 11/30/2011 - 13:15 | 1930975 viahj
viahj's picture

I didn't expect it

Wed, 11/30/2011 - 13:40 | 1931112 r101958
r101958's picture

It was cancelled because the FED can't buy treasuries right now......they are too busy bailing out the EZ.

Wed, 11/30/2011 - 12:36 | 1930653 hugovanderbubble
hugovanderbubble's picture


Wed, 11/30/2011 - 12:36 | 1930654 NotApplicable
NotApplicable's picture

Manhattan, we have a problem.

Wed, 11/30/2011 - 12:40 | 1930691 hugovanderbubble
hugovanderbubble's picture

Paris, u have tons of problems coming...

Wien the same....

Wed, 11/30/2011 - 12:42 | 1930655 bob_dabolina
bob_dabolina's picture

System Difficulties my ass

I bet my dick that if the DOW was down 400 points there would be no "System Difficulties"


Wed, 11/30/2011 - 12:46 | 1930759 Fukushima Sam
Fukushima Sam's picture

With any luck "systems difficulties" means "System difficulties" as in "the System".

Wed, 11/30/2011 - 13:10 | 1930952 tekhneek
tekhneek's picture

Look at the 5 day on the DOW.


Wed, 11/30/2011 - 13:30 | 1931057 gangland
gangland's picture

look at the 1 yr, nauseating.

Wed, 11/30/2011 - 12:37 | 1930656 Village Smithy
Village Smithy's picture

How many Standard Deviations is "Never" ?


Let me guess...4+

Wed, 11/30/2011 - 12:56 | 1930866 distopiandreamboy
distopiandreamboy's picture

Actually it +9 but its funny how something statistically "never-gonna-happen" happens

Wed, 11/30/2011 - 12:40 | 1930657 The Fonz
The Fonz's picture

Ok I am feeling better, by the time Tyler the man with 1000x my comprehension is baffled by bullshit I need no longer feel foolish! I decided this morning to keep my shorts through this. I have decided to keep my shorts on, I cannot help but think I might make a once in a lifetime sum on them, but I really didn't have much to lose anyway.

Wed, 11/30/2011 - 12:57 | 1930882 distopiandreamboy
distopiandreamboy's picture

I'm keeping my shorts too. The bigger the rise the harder the fall right?

Wed, 11/30/2011 - 13:30 | 1931062 toytoy0303
toytoy0303's picture

since august i m keeping my short...

Wed, 11/30/2011 - 12:37 | 1930659 lizzy36
lizzy36's picture

Y2k problems?

Brain Sack is backed up?

Minsky moment?

Everyone at the Saks sale?

Wed, 11/30/2011 - 13:44 | 1931138 gangland
gangland's picture

pomo non-convexities

Wed, 11/30/2011 - 12:37 | 1930663 ItsNotYouItsMe
ItsNotYouItsMe's picture

The printing press is just out of ink ... they have sent someone to Office Depot to get some, they'll be back up and running in a bit.

Wed, 11/30/2011 - 12:43 | 1930732 SeverinSlade
SeverinSlade's picture

No, their Amazon subscribe and save shipment has been delayed due to the Cyber Monday shipping.

Wed, 11/30/2011 - 12:37 | 1930667 Dr. Engali
Dr. Engali's picture

I have no idea how any of us who pay attention are sane. I don't know what's worse being a part of the matrix and not knowing or being unplugged and constantly,on a daily basis, astounded.

Wed, 11/30/2011 - 12:41 | 1930701 i_call_you_my_base
i_call_you_my_base's picture

I think we had to be insane to pay attention in the first place.

Wed, 11/30/2011 - 12:43 | 1930734 Greenspan Shrugged
Greenspan Shrugged's picture

You have not broken free of it yet if it still astounds you.

Wed, 11/30/2011 - 12:47 | 1930780 Dr. Engali
Dr. Engali's picture

I disagree with you there. What's astounding is the fact that they can keep this together all the while the sheeple sleep peacefully.

Wed, 11/30/2011 - 12:59 | 1930897 Greenspan Shrugged
Greenspan Shrugged's picture

Dig deeper and you will realize that the only thing that can now astound you is that the rabbit hole has no end.

Wed, 11/30/2011 - 12:50 | 1930814 Dr. Richard Head
Dr. Richard Head's picture

It's like watching WWE or WWF wrastlin' really.  At this point it is entertainment value for me.  We know where this match is going.  It's the after party that I am looking foward to right now.

Wed, 11/30/2011 - 12:58 | 1930893 lesterbegood
lesterbegood's picture

Global debt jubilee my party favors in hand.

Wed, 11/30/2011 - 12:50 | 1930777 bob_dabolina
bob_dabolina's picture

Plug me back in and make me a rockstar showered in pussy. I'm sick of reality.

If I snort a blue pill does that undo the effects of the red pill?

Wed, 11/30/2011 - 13:00 | 1930900 Spastica Rex
Spastica Rex's picture

No. You get one pill.

Wed, 11/30/2011 - 13:56 | 1931185 gangland
gangland's picture

tried that, all it did was burn the shit out of that side of my nose. it can't just be a blue pill, it has to be The Blue Pill for it to work.

Wed, 11/30/2011 - 12:52 | 1930837 SeverinSlade
SeverinSlade's picture

This is all by design.  There's a reason why the vast majority of people pay more attention to the Kardashians, Jersey Shore, Dancing with the Stars, etc. than they do to geopolitical events, monetary and fiscal policy, etc.  These problems we face are so outrageous that the Sheeple can't even comprehend what the fuck is going on.  Ask someone on the street about ZIRP, QE, POMO, FX swap lines, etc. and they'll just stare blankly at you.

Wed, 11/30/2011 - 12:56 | 1930869 LawsofPhysics
LawsofPhysics's picture

Well duh.  Even I don't name the animals we slaughter.

Wed, 11/30/2011 - 12:59 | 1930896 Dr. Engali
Dr. Engali's picture

I know. I talk to clients and try to explain some of the workings in the markets and I can see their brain start to short circuit. Many times in "sophistcated investors" too. All they see is whether the market is up or down.

Wed, 11/30/2011 - 12:39 | 1930673 undercover brother
undercover brother's picture

Of course they cancelled it, instead of selilng bonds to raise money, they printed it instead.  Well done.

Wed, 11/30/2011 - 12:50 | 1930820 GeneMarchbanks
GeneMarchbanks's picture

Expediates the whole process right along...

Wed, 11/30/2011 - 12:38 | 1930674 hedgeless_horseman
hedgeless_horseman's picture



Why beat a dead horse?

Wed, 11/30/2011 - 12:48 | 1930784 SokPOTUS
SokPOTUS's picture

To tenderize it.

Wed, 11/30/2011 - 12:39 | 1930679 LookingWithAmazement
LookingWithAmazement's picture

Storm in a teacup.

Wed, 11/30/2011 - 12:46 | 1930762 fuu
fuu's picture

I gleefully await the day your ass is a smoking hole of ruin.

Wed, 11/30/2011 - 12:49 | 1930799 SokPOTUS
SokPOTUS's picture

The morning after he meets Jerry Sandusky.

Wed, 11/30/2011 - 12:57 | 1930883 Janice
Janice's picture

Cold, man. Darn cold.

Wed, 11/30/2011 - 12:54 | 1930857 LookingWithAmazement
LookingWithAmazement's picture

Be honest: the CB's saved the day and the markets.

Wed, 11/30/2011 - 13:56 | 1931177 fuu
fuu's picture

Be honest: CB's saving the day, and the markets, implies there is a crisis.

Wed, 11/30/2011 - 12:39 | 1930684 poor fella
poor fella's picture

Would have caused an endless loop and crashed the Atari running the system.

Wed, 11/30/2011 - 12:40 | 1930685 Dr. Engali
Dr. Engali's picture

They don't need POMO today. The market is soring. They will save it for the give back.

Wed, 11/30/2011 - 14:12 | 1931281 FeralSerf
FeralSerf's picture

<< is soring>>

As in "hurting"?   Is that a Freudian slip?

Wed, 11/30/2011 - 12:40 | 1930688 Waterfallsparkles
Waterfallsparkles's picture

Does that mean short the Market?

Wed, 11/30/2011 - 12:45 | 1930746 SheepDog-One
SheepDog-One's picture

This goofy pump-job probably has a 48 hour lifespan tops.

Wed, 11/30/2011 - 12:46 | 1930747 Scisco
Scisco's picture

Ask MF Global clients if trading in this market is sane. Unless you course you mean short the market by buying physical and taking delivery.

Wed, 11/30/2011 - 12:49 | 1930812 SheepDog-One
SheepDog-One's picture

Thats the only sane thing to do! Along with buying food and ammo, however the senate just passed a bill essentially making all that illegal. '7 days worth of food 'stockpiled' in your house, ammo stored, PM purchases' targets you as a terrorist.

Wed, 11/30/2011 - 12:58 | 1930887 Socratic Dog
Socratic Dog's picture

I  REALLY hope that's sarcasm.

Wed, 11/30/2011 - 13:20 | 1931000 valley chick
valley chick's picture

No sarcasm ...


Wed, 11/30/2011 - 13:34 | 1931081 RSloane
RSloane's picture

?? WTF??

Wed, 11/30/2011 - 12:44 | 1930695 licutis
licutis's picture

wow, we must be on the verge of a collapse.. this is out of hand, layering in more shorts...

no one has the money to buy the $8 bil of USG bonds, this is a FAILED US BOND auction.

Wed, 11/30/2011 - 13:31 | 1930979 Manthong
Manthong's picture

If you don't show up for a scheduled game, do you forfeit ?

If a 50% haircut is not a credit event, what kind of event is it?

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