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FOMC Disappoints, Evans Dissents Wants More Easing: Full September-November Comparison Redline
While expectations were for massive LSAPs and ZIRP to the moon, headlines from the FOMC statement so far appear to be disappointing:
- FED REITERATES `SIGNIFICANT DOWNSIDE RISKS' TO ECONOMIC OUTLOOK
- FED TO KEEP REINVESTING HOUSING DEBT INTO MORTGAGE SECURITIES
- FED SAYS IT'S PREPARED TO EMPLOY TOOLS TO BOOST RECOVERY
- EVANS DISSENTS FROM FOMC DECISION, WANTS MORE ACCOMMODATION
- FED SAYS UNEMPLOYMENT RATE TO DECLINE `ONLY GRADUALLY'
Just as JPM "predicted", we now have our first dovish dissent courtesy of Charles Evans:
- Voting against the action was Charles L. Evans, who supported additional policy accommodation at this time.
And here is the market coma as every vacuum tube is hoping Bernanke is holding out the surprise for the 2:15pm press conference.
Full redline:
Bullet source: Bloomberg
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push it to the limit!
i'm actually surprised that markets had rallied on the 2.5 percent gdp print, and other non-catastrophic data since they clearly added up to the fed having to delay qe3, especially after the inflation data came out. then again the market has to wait for earnings season to end before economic and fiscal reality hit hard. corporate reality may seem quite cheery, but thats about it.
Are they still rallying? Into the total collapse of the EU??????
I have to agree with Evans in this instance. This sluggish recovery is at risk of developing into a double dip recession without vigilant fiscal and monetary policy. Sure things look good now, but the future remains uncertain and Fed officials need to remain cautious.
Things look good now? Are you on LSD or what?
Seems like he's on LSD combined with peyote and an 8 ball of crack.
LOL! I was feeling low and grim.. Then I read this- "Sure things look good now, but the future remains uncertain and Fed officials need to remain cautious."
MDB really is a funny guy. I think..?
Ben is like a goddamned spoiled slut. Everyone knows Ben wants to put (print) out but he's upset because people have been calling him a slut. So he won't put out until they start begging him to. In the meanwhile, I can see Ben printing out thousands and thousands of useless documents in the privacy of his home for the sake of running his printer and letting out a huge sigh.
Great! Now you have ruined my image of sluts!
:)
pods
Long LSD, Short Peyote... makes me vomit.
This kind of vulgar comment is indicative of America's loss of values. Forgive me for trying to bring some objective analysis to this discussion, but obviously logic and facts are not appreciated on this blog.
I have been waiting forever to say this to someone.
Just because you can make the argument sound good does not negate the fact you are wrong.
American values have nothing to do with it. We are all tired of you being a moron. Here, start with learing what is real in the world:
www.chrismartenson.com/crashcourse
http://youtu.be/GTQnarzmTOc - Keyens and Hayek Fight of the century (go find (Fear the Boom and Bust" too)
Research:
CDS's
Free Market economy
Ron Paul
and stop posting until you understand why our fractional reserve banking system is a joke.
Did I miss anything anyone?
Pass the bong, MDB. People will appreciate you more.
Here here!
No, really, pass it over here.
@MillionDollarRetard - Are you a professor at an ivy league university or some kind of academic?
who asked you to bring anything. Leave it home with you
Forgive me for trying to bring some objective analysis to this discussion
As soon as you do, we'll forgive you. Waiting...
The only question in my mind is whose payroll you're on, MDB. Your comments are like throw-away scripts from the Berkeley debate team...
Forgive me for trying to bring some objective analysis to this discussion, but obviously logic and facts are not appreciated on this blog.
What objective analysis? What logic and facts? I haven't seen any.
You must die laughing reading the responses to your comments. You are truly hilarious. Keep it up, please.
Do stick around Million. The good outweighs the bad and it is wild west fun. Not many frontiers to see at least for a few years anyways. Plus Internet is good buffer for suffering abuse from time to time but I always thought it prudent to laugh at myself also.
Grow the fuck up.
It's all good for some folks after a ghetto bulb of meth.
http://www.bluelight.ru/vb/archive/index.php/t-38494.html
Dissent: a trick of good cops & bad cops
Driving 90MPH while using only the rear view mirrow.
Fun. fun. fun.
We have been in depression of sorts for over 10 years curtesy of the Fed and federal Government and you have confidence they can fix it?
MDB is honeypot counter reverse troll. Robo is a straight up troll. But you are right, we are just starting on the Japaneese path, and yes it was brought to us by central planners. Community Re-Investment Act, repeal of Glass Stegal, NAFTA, The 70,000 page tax code that basically tells people the only things the economy needs, even though there is crap in there like taxes implemented as part of the spanish american war. (the "remember the Maine" one, not the fast and furious one.)
If I agreed with you and Evans....then we'd all be wrong. There cannot be additional LSAP without driving commodity prices and, resultingly, inflation significantly higher. The Fed's already printed overall inflation up to a 4% annual rate, with the average family's food bill going up over 6% and energy costs up over 19%. The last I checked it's not part of the Fed mandate to keep the stock market freshly painted.
@MillionDollarBonus
As a libertarian, not only do I disagree, I think you're a cock-sucking-statist asshole who should rot in hell with your Keynsian buddies. Lemme tell ya something, you spout that nonsense down here in Texas, and it'd get real ugly real fast for ya. Best stay in San Franscisco with your other progressive fags.
The only viable solution is to crash the entire system. It may prove to be difficult for the "sheep" who are too busy living life to pay attention, but that's their fault. We need to have 25-30 years of extreme survival-of the-fittest hardship, but, in the end, it'd be worth it. Sometimes civilization needs to burn to the ground to sow new seeds of growth.
As for me.... guns, gold, and cans. Fuck 'N A, I'm ready. Bring it.
25 years? You won't last that long. And why would you think Libertarians think of economic collapse as an apacolypse? An economic collapse will be refreshing, as it will purge us from the usury of the Banking Houses. Have a little faith in humanity, we shall overcome.
What? I agree. An economic collapse of the entire banking system would be very refreshing. Just the thought of the "sheeple" losing everything is incredibly invigorating.
Guns, gold, cans, butter, bitches.
Fail more.
The people will gain tremendously from not paying 35% of their living wages to an insidious Global Banking Cartel. We don't need banks, banks need us.
Sheeple losing everything?
I don't think so.
Ok granted, any stupid sheeple with their wealth in bank accounts / bank safe deposit boxes / bank stocks / dollars / treasuries / etc would lose it all. Like you perhaps?
Economic collapse of the banking system?
It wouldn't be economic collapse of the banking system. It would just be collapse of the banking system. The economy is a separate thing.
But don't worry, your beloved banking system won't be allowed to collapse. Ben will print and print and print to keep bailing it out.
...which incidentally will steadily debase the currency, steadily steal more wealth from the sheeple, steadily push more of those sheeple toward poverty, which might have downward effect on the economy.
In fact it already has. The depression (not recession) we're in now was caused by bailing out your beloved banking system.
It wouldn't be economic collapse of the banking system. It would just be collapse of the banking system. The economy is a separate thing.
Yep. I agree. I mispoke. The economy and the banking system are mutually exclusive. The economy would do just fine without capital markets and banks.
Ron Paul 2012
I am going to a RP rally on Saturday. I will be bringing a sign that says, "Libertarians for Prosperity Love Ron Paul". I knew that would make you happy.
@Red Neck Repugnicant/Texas Gunslinger/Libertarians for Whatever - Huh?
You lie more than a politician.
It makes great cannon fodder.
I just find it sad really. He used to have valid points until he just lost it. For Example:
"Our quest for freedom from oppression is more important than any tragedy that might arise from it. "
"Gun rights should never be questioned when a retard goes ape-shit, nor should it be validated by another statistically irrelevant scenario regarding punks in a parking lot."
Then again he lets his hypocracy show sometimes: "Talk to me about Christ or freedom, and I'll listen and engage with civil discourse. Talk about faggots, effeminate little wimps, how God needs money or the upcoming rapture, and I'll just dismiss you as someone exercising their right to be a fucking moron"
Is God a Commie or a Fascist? How simple minded. Class warfare much?
print and give it out in bonuses! make it large so
the bonuses will cover adoption of the homeless,
the funny thing is that might work in a fiat sort of
way. the bankers could then adopt a town here and there
and adopt a bridge and highway, adopt a trucking company,
adopt a gas station, etc... you get the idea.
To a herd of cattle, everything looks like a bull.
Is this Fed-speak for 'we're going into over-drive to manipulate the gold and oil markets downward'?
<<The Committee also anticipates that inflation will settle, over coming quarters, at levels at or below those consistent with the Committee's dual mandate as the effects of past energy and other commodity price increases dissipate further.>>
Banker bullshit:
Policy accomodation: printing
Quantitative easing: printing
Stimulus: printing
Measures: printing
Tools: printing
His name is Ben Bernanke
He's the head of the Federal Banky
He loves thin air
He prints money from there
And from Nathan he gets a big thanky.
Repeat post. Doesn't fit the rhythmic meter the way it should (see The Limerick King).
http://www.youtube.com/watch?v=tn6iqG8Pdbw
Central Planning Bitchez
*FED SAYS IT'S PREPARED TO EMPLOY TOOLS TO BOOST RECOVERY
*EVANS DISSENTS FROM FOMC DECISION, WANTS MORE ACCOMMODATION
Yay! Right? yay... sigh ...
I'd be ok with boosting a 'recovery' not with tryining to maintain an illusion
cristina romer has a pee hole in her underwear....what a fucking pigfaced piece of shit....
Yep Christina Romers underwear got dick holes in em.
Aw, what?!? I thought that was Chaz Bono!
More Printering!
Bullshittish.
Wamp Wamp Wamp. S&P has to be 900 before they will hit print again. They told the market what it needs to do, let's go
"The Committee also anticipates that inflation will settle, over coming quarters, at levels at or below those consistent with the Committee's dual mandate as the effects of past energy and other commodity price increases dissipate further. However, the Committee will continue to pay close attention to the evolution of inflation and inflation expectations"
And the dollar index needs to go to up to the high 80s too. but I doubt this time that will be achieved when the S&P sinks to the triple digits and the Dow falls into the quad digits.
Now for Draghi to cut.
Pretty much what I expected. They will keep their options open, but no QE for now.
www.pmbug.com
MUST REACH ASSET CORRELATION OF ONE.
If things don't get better, we will act. Rolling FOMC statement.
"Free Beer Tomorrow."
pods
- TOOLS TO EMPLOY LIMITED AS INFLATION HAS FED BY THE BALLS
OH but theyre pretty sure over the next several hundred quarters or so that inflation will just magically go away.
Better buy the popcorn in the 55 gallon drum size.
And these snippets:
-- MF Global is fine, so shut up... Wait, they already announced bankruptcy -- never mind.
-- The Greek Referendum will be a good thing.
-- The Fed has stuff to sell on eBay. Get the word out.
Friggin' nonsense. Would have better to post a single link to the last FOMC minutes and save time.
Heh, well that sure fucked with the algo's
Yep, dropped the DOW all the way to +170 from +210.
did you blink?
10 years of easing, FOMC once again confirms a bad economy and bear market.
BUT theyre pretty sure over the coming several hundred quarters there will be signs of improvement.
well, i hope they're silver quarters at least.
Uummmm
Houston, we have a failure to launch. Major Ben, make sure to eat your fiat and put your crash helmet on.
johnny knoxville = ben the bernank.
http://www.metacafe.com/watch/260147/jackass_2_big_red_rocket/
Calm before the storm...
apparently someone thinks this is good news
This is total BS. No new easing but they will continue to stockpile MBS like rednecks their spam, and they are holding rates near zero at the same time. Inflation is down because deflation is massive. Look at the housing market, Americans biggest investment; it is down huge over the summer, when housing is at its peak.
If deflation is massive, and deflation>inflation, even by a little, inflation is massive. They are easing ad infinitum.
Lies and more lies from the one and only Fiat Ponzi frontmen of the Federal Reserve.
How massive is this deflation? 30...40%? Across the board?
Housing, GDP, spending, etc are all down dramatically. Lets say deflation is at 25%. With nominal inflation at 10% (modest figure) that would mean real inflation is pushing 35%. This makes since when one considers the only real gains in the market have come from real assets, ie precious metals/oil. What have PMs gained YoY for the last decade (approximately)?
35%
Justin Bieber denies he fathered child
Where is Robo?
Of course he would, he's gay.
Jesus.
"Fed Disappoints"
Did you not just an hour ago post a JP Morgan piece that said to expect nothing? If they did nothing, how is that disappointing?
Feel free to get right on on in front of that.
they have been QE'ing of late. Each Treasury auction is met with Fed bidding, creating miracle currency units for the Treasury to spend on trains to nowhere. that's QE LTE.
Come on Benny Boy, you know you want to! Stop hesitating! Hit that print button!
markets to go splat?
I almost wouldn't be surprised if the markets rally on this...
Things are looking up like green shoots on a hot summer day!
LOL forked tongue - things are improving but we have the bazooka loaded
after years of zero interest rates with no real improvement we plan on staying the course
No improvement after years of the most radical economic emergency measures in all time history...but we're fully prepared to stay the course and just wait it out as america suffers in all time record unemployment, foreclosures, and bankruptcy....after all we're billionaires, suckers.
Then again the gadfly Posen "we need to print" of the BOE worked at the Fed for years.
http://www.bankofengland.co.uk/about/people/biographies/posen.htm
Ben, I'm sorry but you have already been priced in for the day. We are already up 200 please come back tomorrow.
More bullshit from the clown show!
Rate expectations on EUR/USD have flipped. Theme going into new year and beyond will be "Sell, Mortimer Sell";)
Jul 19, 2010 – Authorities in California said today they have opened an investigation into Goldline International, a company that pioneered the practice of ...
Jul 20, 2010 – An executive with Goldline, one of two gold companies now ...
Can't really feel bad for people who got ripped off while listening to Glenn Beck
"As autumn progresses, we expect leaves to fall from the trees at a moderate pace, it will either rain or not rain in the coming quarter. We will continue to monitor the situation. Oh, and the sun may rise in the morning, but we aren't sure....."
[yawn]
I thought they might just admit they had to buy a bunch of the 800B borrowing announced today and take the pop. They have to buy most of it anyway.
I missed the last wave. Please take SPY back to 124...
Charles Evans dissented and launched into a crazed, sugar induced rant, after having gorged on Halloween candy stolen (his words, wealth redistributed) from his kids, before being subdued by an insulin injection from the Chairman.
nonstop talk at cnbc of "improving" economy
They probably didn't get the memo.
http://www.joc.com/class-i-railroads/bnsf-expects-return-pre-recession-volume-2013
things "improving" for primary dealers, foreclosure specialists and the food stamp industry
Tool that is still in the playbook:
Fed to sell Monster High Dolls with $1 per going into a special fund to cure cancer and eliminate the deficit.
hmm--if i watch for long enough, perhaps the paint will actually dry.
waiting for the usual slowmo market decline to begin once todays latest rounds of bad news are "digested".
tho, as always, lately, EUR/$ is reacting a little more rapidly...
bafflingly slowmo market decline barely "accelerates" as EUR/$ legs down again.
who on earth is propping up stocks at these levels tho?
or we bracing for a relief rally in response to less horrible news than usual?
whoops... too late! The new restaurant menus have already been printed.
In India, too.
http://cnbusinessnews.com/tighter-budgets-and-inflation-hurt-gold-sales-in-india/
Screw you evans! order your own printer next time idiot!
ES Rolling Over..........
Infinity just announced a new car called the Infinity-QE.
It's incredibly expensive but with a specially arranged Federal Reserve Bank loan at 0.1% and no money down you can now drive the car of your dreams, regardless of whether you can afford it or not.
Special clauses in the loan allow you to take out subsequent low interest long term loans that will provide you with enough cash to make the monthly payments so there's no risk - it's practically free money.
After you have it paid off and the long term loans start to come due the Fed' will allow you to borrow even more and low rates for longer terms.
It's a WIN WIN WIN, now get out there and drive away in your new Infinity-QE today!!!!!!!!!!!
Isn't that just exactly how they run the countries!
Yeah... I think you get it... Infinity-QE.... QE1, QE2, QE3, QE-Infinity!!!
What is going on with silver? It is flat lining! 12:54 ish.
$1.50 is a great move...think about the fact that 20 years ago 1oz gold cost less than 1oz silver does today.
20 years ago it was 1991. I didn't see any gold for sale at that price back then. Wasn't $250 (or thereabouts) the low point in the late 1990s? You should have said 78 years ago. When Roosevelt confiscated gold, holders got paid $20.67 per ounce. Gold was then revalued to $35/ounce. http://www.blanchardonline.com/beru/confiscation_1933.php
Bad facts make for bad decisions, even if they make good stories.
ok, back when you were 10...
$ up, Euro gains are washing away...let's see sub 1.36
Im actually glad its holding up this well - If we maintain support above 32-33 were prepped for a nice move up
Last time in crashed hard the day after the Fed's no announcement announcement. Make sure you've got a whole lot of wiggle room
Shorting the living shit out of silver is one of their 'tools' for the recovery, IE, to keep the dim bulbs out of PMs. It would be cool to know what the balanced, real price of silver would be by now without all these patriotic interventions.. I'd suspect about 50 right now.
Inside the meeting:
BB - "Ok, now that the pizza's gone, we need to come up with something or Jamie and Lloyd are gonna be pissed."
Board - crickets chirping
BB - "Well, here's the deal, we aren't gonna drop the QE3 bomb yet because QE Ninja is working brilliantly. So to counter this whole Europe thingy, one person here will call for more QE. That way the market keeps it's hopium ramp going.
Evans - "Ohhhh, goodie! I drew the straw!"
Another non-event.
The bull market continues.
'Bull market' is declared by MomoFader with markets at mid 1990 levels....gee cant you do better than that, retard?
omfg you are such a fucking clownshow, bull market lmfao just when you think momo can't look any more foolish..
Whew...I'll say it again robo. I've seen bad trolls in my day, but you are an utter train wreck.
Uhhhh the Dow just dropped 100 points, dumbass
I notice how you are conspicuously absent when the DJIA drops 500 points over 2 days. Troll. Go play in traffic. Bull market my left eye.
C'mon guys, you gotta love Robo's.... avatar :)
We love ya' Robo, keep 'em coming.
Paper gold has been trying to create the "safe haven" illusion all week.
Good luck maintaining that illusion when Greece defaults and Italy starts neglecting their payment schedule.
What's the real price of gold these days?
Could be $500 /oz or $5000 /oz and depends solely how motivated a seller is to part with his/her stash and how eager a buyer is to own phys.
FED SAYS IT'S PREPARED TO EMPLOY TOOLS
Between Greenspan and Bernanke, isn't it too late?
that was a typo.
CORRECTION: FED SAYS MEMBERS ARE TOOLS LOOKING FOR EMPLOYMENT...
LOL I thought the same thing, in fact posted a comment before I read yours. LMAO! +1 for GMTA.
Better get my glasses; I thought it read:
FED SAYS IT'S PREPARED TO EMPLOY TROLLS
Too much of MDB and Robo already today.
Yes, is true. They announced publicly several weeks ago that they were going to employ people to blog/comment/spew rubbish on their behalf in order to correct the imperfect perceptions of their August Institution.
Good Fucking Luck
LOL
More fodder for scorn and humiliation.
Jesus
No they meant "it's prepared to employ MORE tools." There's just not enough of Ben to go around.
Most of the people employed by the Fed are tools already.
As usual ! Z/H has the bead on the markets. I was doing a little research and came across this nugget ! http://www.zerohedge.com/contributed/qe-3-will-only-come-catastrophe
Another tidbit; http://seekingalpha.com/instablog/948480-peter-tchir/212573-qe3-what-s-n...
Consdering the S&P completed a perfect 50% retrace of the move down from the 1292 top to yesterday's pre-market low of 1211 - stopping at 1242 this morning - I'd say this sucker is goin' down down down.
It's goin down down down. It's goin down DOWN down down. It's goin down, hey, boo-bop-a, un-na-ney. Or something like that.
Im not long here, thats for damn sure. The Maniacal Monetizers can have it. Im ordering 55 gallon drum size popcorn kernels to wait out this clownshow.
Should order drums of fuel instead.
Bi-polar solution: ethyl alcohol (aka booze) & popcorn....
Every survivalist knows that man can live by alcohol and popcorn alone.
@ " downside risk.." yea, that's right.
the risk is that the money system is like a
blood sucking proboscis from the cold heart of
a sea monster that sucks the life out of all
life forms, including its own squid species, with
no concern for anything. the beast feeds on
its own freakin' offspring for christ sake.
yea, i see a down side risk too,
and it is disappointing. killer clowns from hell!!
throw in the towel before you start wwIII and become
forever associated with the destruction of all life on
earth. Klowns !!! think of your offspring and the hell
you are perpetuating.
ZZZzzzzzzzzzzz
Well, looks like the quants are not happy about this.
zimbabwe
http://www.youtube.com/watch?v=ozLHwHcXIvk
http://maxkeiser.com/2011/11/02/giabo-baby-and-its-all-good/#comment-399365
GIABO! BABY and IT’S ALL GOOD!!!
.
http://geraldcelentechannel.blogspot.com/
Tuesday, November 1, 2011
We Are On the Edge of World War III - Lyndon LaRouche
.
A Warning by Lyndon LaRouche : we Are On the Edge of World War III - A speech by Lyndon
LaRouche about the British Empire (Wallstreet and Lombardstreet) and a soon coming WW
III! mixed with own Impressions. A serious charge against the banksters and their
"evil Empire"! unfortunately this means that more than likely, humanity is
about to learn once again some very harsh lessons that only suffering immensely
illustrate. WW in this age will mean Billions die and suffer unimaginable horrors. On
Saturday morning Lyndon LaRouche discussed the threat of a British-sponsored World War
III, stating that the Middle East is the new Balkans; the trigger point has been
carefully set up, and as the fuse is burning down on the financial resources to carry out
that operation, the time for that operation to be launched, or defeated, is now.This is
bad, bad stuff; I pray that cooler heads and that God prevail. ? As a 2nd front, like the
invasion of Sicily which took Germany's attention off of Kursk; Pakistan can easily cut
the US supply lines and perform a pincer movement to cut-off 200K US troops up in that
hellhole Afghanistan, a modern day Stalingrad, the grave of the German 6th Army, possibly
the grave of the USA.
,,
now back to your regular programming.
Don't worry. Israel's gonna take care of Iran, and everyone knows they're the only force of evil on Earth at this time.
So once they mop up MENA, everything'll be back to normal.
When I read "The Fed says it is prepared to employ tools". The first thing that popped into my head is Bernake and his cronies are a buncha tools. Death spiral of an economy. Amazing.
And the "free markets" rally.
While Rome burms.
WTF.OR SHOULD i SAY PPT.?
mILLIONdOLLARbONUS.
You sir are a fucking piece of puppet shit,now stop clinging on to ZeroHedge and FUCK OFF.
Take a dip in the toilet bowl,FuckTard.
Exactly how can the 10y be at 2% if no printing has been taking place? The Ben Bernanke has been printing the whole time. And exactly how can the national debt be inflated away with low inflation? It's all smoke in mirrors. The official announcement will come when he damn well feels like it.