FOMC Disappoints, Evans Dissents Wants More Easing: Full September-November Comparison Redline

Tyler Durden's picture

While expectations were for massive LSAPs and ZIRP to the moon, headlines from the FOMC statement so far appear to be disappointing:


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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devilsindetails's picture

push it to the limit!

rosex229's picture

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.

disabledvet's picture

Are they still rallying? Into the total collapse of the EU??????

MillionDollarBonus_'s picture

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.

lolmao500's picture

Things look good now? Are you on LSD or what?

SheepDog-One's picture

Seems like he's on LSD combined with peyote and an 8 ball of crack.

Conax's picture

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..?


Troll Magnet's picture

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.   

pods's picture

Great!  Now you have ruined my image of sluts!



Gene8696's picture

Long LSD, Short Peyote... makes me vomit.

MillionDollarBonus_'s picture

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.

JPM Hater001's picture

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: - Keyens and Hayek Fight of the century (go find (Fear the Boom and Bust" too)



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?

Troll Magnet's picture

Pass the bong, MDB.  People will appreciate you more.

JPM Hater001's picture

Here here!

No, really, pass it over here.

Tsunami Wave's picture

@MillionDollarRetard - Are you a professor at an ivy league university or some kind of academic?

goldfreak's picture

who asked you to bring anything. Leave it home with you

mayhem_korner's picture

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...

cranky-old-geezer's picture



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.

nyse's picture

You must die laughing reading the responses to your comments. You are truly hilarious. Keep it up, please.

Raging Debate's picture

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.

Manthong's picture

It's all good for some folks after a ghetto bulb of meth.


dlmaniac's picture

Dissent: a trick of good cops & bad cops

Richard Chesler's picture

Driving 90MPH while using only the rear view mirrow.

Fun. fun. fun.


jfms99's picture

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?

wisefool's picture

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.)

FL_Conservative's picture

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.

Libertarians for Prosperity's picture




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.



Mr Lennon Hendrix's picture

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.

Libertarians for Prosperity's picture



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.


Mr Lennon Hendrix's picture

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.

cranky-old-geezer's picture



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.

Libertarians for Prosperity's picture



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

fuu's picture

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.

Tsunami Wave's picture

@Red Neck Repugnicant/Texas Gunslinger/Libertarians for Whatever - Huh?

blindman's picture

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.

Nascent_Variable's picture

To a herd of cattle, everything looks like a bull.

Beatscape's picture

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.>>

Sequitur's picture



Banker bullshit:

Policy accomodation: printing

Quantitative easing: printing

Stimulus: printing

Measures: printing

Tools: printing

Randall Cabot's picture



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.

mayhem_korner's picture



Repeat post.  Doesn't fit the rhythmic meter the way it should (see The Limerick King).

Cassandra Syndrome's picture

Central Planning Bitchez

GeneMarchbanks's picture




Yay! Right? yay... sigh   ...


lapedochild's picture

I'd be ok with boosting a 'recovery' not with tryining to maintain an illusion