Forget Operation Twist: Rosenberg Says Bernanke Will Shock Everyone With What Is About To Come

Tyler Durden's picture

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Upswaller's picture

"You're right, Lefty, it's been just a little TOO quiet around here......."

LawsofPhysics's picture

Is it just me, or do all of those choices do nothing for the real economy or unemployment.  Seems like gold should get another shot in the arm then.  Okay, fine with me.

Comay Mierda's picture

of course they wont do anything for the real problems.  they want to CRASH the economy and make us all their serfs.

WonderDawg's picture

So, nothing new, then. Who didn't already know this? Bernanke may or may not do something stupid. Big fucking deal. The article was kind of anti-climactic to the headline.

101 years and counting's picture

sorry, but this makes no sense.  if ben is going to torch the USD and ignite a commodity and equitiy rally, why did they just squeeze out all the shorts?

LawsofPhysics's picture

So only the HFT bots and insiders can profit.  No goyium allow to catch a ride on the next rally.

IQ 145's picture

On the contrary; it's a public market. Bought another S&P500 contract this morning at 1197.25@2.21am HST. So the center of my position is at $1190.225; The bottom was in a while ago; the rally continues. The article above is useless crap. You can participate if you wish. I have no idea why you're worrying about the next rally; this one started a couple of weeks ago. Oh, by the way, there's plenty of liquidity to drive the S&P back to 1255. I dumped the BAC at $7.23; not because there's anything wrong with it as a TRADE; rather than as a philosophical position, or a moral issue, or whatever; but because I prefer to ride the S&P and it's only a small hobby account.

depression's picture

Dow 12,500 here we come !

Ahmeexnal's picture

Whatever gimmick they might come up to prop up the markets you can be sure it will be "transitory".

Someone ought to tell the stupid manipulators that the first rule of Mr. Market is: Don't scratch Mr. Market's balls.

They are about to find out what happens when you do.

JW n FL's picture



Whatever gimmick they might come up to prop up the markets you can be sure it will be "transitory".

New item in your series of interest:

Working Paper No. 11/216: Data-Rich DSGE and Dynamic Factor Models Author/Editor: Kryshko, Maxym Summary: Dynamic factor models and dynamic stochastic general equilibrium (DSGE) models are widely used forempirical research in macroeconomics. The empirical factor literature argues that the co-movement oflarge panels of macroeconomic and financial data can be captured by relatively few commonunobserved factors. Similarly, the dynamics in DSGE models are often governed by a handful of statevariables and exogenous processes such as preference and/or technology shocks. Boivin and Giannoni(2006) combine a DSGE and a factor model into a data-rich DSGE model, in which DSGE states arefactors and factor dynamics are subject to DSGE model implied restrictions. We compare a data-richDSGE model with a standard New Keynesian core to an empirical dynamic factor model by estimatingboth on a rich panel of U.S. macroeconomic and financial data compiled by Stock and Watson (2008).We find that the spaces spanned by the empirical factors and by the data-rich DSGE model states arevery close. This proximity allows us to propagate monetary policy and technology innovations in anotherwise non-structural dynamic factor model to obtain predictions for many more series than just ahandful of traditional macro variables, including measures of real activity, price indices, labor marketindicators, interest rate spreads, money and credit stocks, and exchange rates.

JW n FL's picture

World Economic Forum's 2011 Annual Meeting concludes in China

In the northern Chinese coastal city of Dalian, the World Economic Forum's annual three-day summer conference concluded. As planned, the event attracted well over a thousand political and business leaders and academics, from over 90 countries to attend panel discussions, workshops and brainstorming sessions on how to deal with the biggest challenges facing countries in the developing world.


espirit's picture

Wha? No QE3?  That will be a shocker.

JW n FL's picture



They are already Printing QE.. Look at the M2 Numbers! they aint going downward! LOL!!


 Percent change at seasonally adjusted annual rates     M1                    M2
  3 Months from May  2011 TO Aug. 2011                   36.7                  23.3
  6 Months from Feb. 2011 TO Aug. 2011                   25.3                  14.5
12 Months from Aug. 2010 TO Aug. 2011                   20.7                  10.3

1. M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) traveler's checks of
    nonbank issuers; (3) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and
    foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (4) other checkable deposits
    (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions, credit union
    share draft accounts, and demand deposits at thrift institutions.  Seasonally adjusted M1 is constructed by summing currency, traveler's checks,
    demand deposits, and OCDs, each seasonally adjusted separately.

2. M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in
    amounts of less than $100,000), less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in
    retail money market mutual funds, less IRA and Keogh balances at money market mutual funds.  Seasonally adjusted M2 is constructed by summing
    savings deposits, small-denomination time deposits, and retail money funds, each seasonally adjusted separately, and adding this result to
    seasonally adjusted M1.



H.6 (508)
Table 1                                                                                                     For release at 4:30 p.m. Eastern Time
                                                                                                                                September 15, 2011
Billions of dollars

June 2011  9111.4

July 2011  9313.7

Aug. 2011  9544.9

bid the soldiers shoot's picture

They won't have a parade on the 4th of July before they don't have QE3 ad infinitum.

prains's picture


we talked about this, decimal to the left friend, when doing your calculations decimal to the left.


chindit13's picture

I'm not sure you know the ground rules here in the comment section.  All profits are immoral unless they come from rises in the fiat price of Gold.  There are only a set number of Authorized Investment Goods (ironically, AIG) and to make matters simple, they have been given an easy to remember acronym, GGGG.  Often referred to as the 4G's, these are Gold (required capitalization, same as God), Guns (same), goulash and guillotines.  Goulash can be either canned or freeze dried.  Guillotines is self-explanatory, but if you don't know, let's just say it is not for cutting Spam.

Regarding the AIG's, you are entitled to high five and gloat when the fiat price of Gold rises, as on up days its value is fairly measured in terms of fiat paper.  You are welcome to applaud your own investment prowess and note the percentage ROI, even though it is fiat based.  On down days, otherwise heretofore known as "manipulation", you are expected to call its nominal price "only a paper price", and to remind people that "I just looked and I have as many coins as I had yesterday".  After a sharp selloff, you are expected to claim you'll soon be "backing up the truck" to take advantage of the lower "paper price", even though you may have boasted a day earlier that you were already "all-in" PMs.  Nobody is keeping track, so puffery is perfectly acceptable.

Hope that helps and that henceforth you refrain from "picking up nickels in front of a steamroller", because sooner than most people think this whole thing is coming down.

Finally, you will notice, if you have not already, that it is heretical to make light of certain subjects and that failure to obey that part of site dogma will result in a plethora of down arrows that will follow you wherever and whenever you post on Zerohedge.

samslaught's picture

think about who benefits from controlled inflation and or hyper-inflation and then think about who benefits from deflation.  Then think about what group of people throughout history always get their way.  This time is NEVER different. 

SheepDog-One's picture

Rosie says 'The market here is pricing in OT2, LSAT, plus $300 billion QE'....wait, whats that Rosie? The markets have already priced in FAR more than that since Feb DOW 9,800! ZH articles from back then had the marketeers pricing in $2.5 trillion QE! Thats what all the stories said!

Skid Marks's picture

May I submit ...... that 100% is not priced in and that there is a great deal of "money on the sidelines". How could there not be? Gold popped and dropped. The Swiss are holding the Euro up (probably getting the cash from the Fed) while the "smart money" gets out. Everything is getting "papered over" (pun intended) and BB is going to surprise everyone by not trying to pull a rabbit out of his hat because the work has aleady been done. We just don't know what it is yet or maybe we do but haven't recognized it, given it a label. What can you call the Swiss support of the Euro? QE-E 3.1?

IQ 145's picture

Yeah; I see that as the Liquidity; or promise of liquidity; that allows the psychology to change and the market broke out above 1200. Oh, by the way; it is not a short covering rally; tha's more assinine BS. Accumulation is taking place; People are buying stocks. Your Guru is wrong; I'm sure you'll get over it.

Caviar Emptor's picture

There are few "people" in this market: more than 75% of daily NYSE volume is program trading (HFT bots ping ponging to each other and themselves). Of the remaining 25% half is day trading only. Only 12% gets held longer than intraday. 

And More data: mutual fund equity withdrawals have been going on all year. This summer several major hedge funds blew their cookies. 

Unfortunately the market has lost it's wealth effect for the general economy and the US population not working in trading on Wall Street. 

We're concerned here about the ongoing effect of Fed policy on the state of the US economy and the future well-being of the nation. The policies may benefit the stock market but are having an inverse effect on the health of the country. 

01022010's picture

skid marks...i'll give you an upvote just for the profile pic!

nmewn's picture

Silicone glows under a black light ;-)

JW n FL's picture



the women down voted you for illuminating the facts, LOL!!!

I of course voted up for Boobies of any kind! I am Pro-Boobies!

Even Babies Love Boobies! how can someone NOT! Love BOOBIES!

JW n FL's picture



but there is that Rule..

whoever Buys them! does not get to play with them.. that is for the next giuy after the guy who bought them! LOL!!

IQ 145's picture

Whinning because you don't like the fact that the market is rallying is infantile; "Rosie" is an ass.

prains's picture

IQ 14.5


your decimal is in the wrong spot, starting to repeat myself

bonddude's picture

Sorry Rosie but you've been wrong so long = broken clocks , etc...

maninthbx's picture

[ ] Whining
[x] Whinning


jackinrichmond's picture

it's a bear market rally..  a  a relief rally if you will.      all the fib retracements make sense..


jdelano's picture

Yeah--I thought that's why we've been range bound for so long. Bears say global economy sucks & Europe gonna crash, bulls say who cares mofos, giant QE coming. Personally I think not even bernanke is that short sighted. He does a massive QE with inflation already ticking up like it is and china will retaliate by dumping the dollar. Game over.

Shit Bag's picture

America is fucked up forever unless Ron Paul gets elected.

max2205's picture

It would be cool if Ben came to the mike naked with a monkey and they both masterbated. Then said he quit after he cums on Liesman's face

FEDbuster's picture

Maybe Becky Quick could be his fluffer and Jim Cramer the jizz mopper?  "Touch my monkey".

PMakoi's picture

LOLOLOL!  That is the hardest I've laughed in 3 days!  Thanks.


depression's picture

Ron Paul = Ross Perot 2.0

Bicycle Repairman's picture

Perot sure tanked beautifully didn't he?

bid the soldiers shoot's picture

Dude, he put Clinton in the Oval Office and perforce a cigar in Monica's ash tray.

Pant Suit Skidmark's picture

He drunk a little of the toilet water too.

fxrxexexdxoxmx's picture

More people voted for Bush and Perot than for Clinton. I still remember his lackeys repeating "President Clinton has a mandate from the people" over and over after the he was inaugurated.

Clinton 44,909, 806   Bush 39,404,950 Perot 19,743,821 ( 59,148,771) per wiki or any search of 1992 Presidential election results. Thats 14,238.965 more than Bill.

The only mandate Clintooon every had was keeping one step ahead of his last rape.

BTW if oral sex is not sex, per Clinton and his apologists, they could twist that insanity so as to have had Chelsea blow Bill and it would not have been incest.

What bunch of scum bags.

chindit13's picture

I'm not sure you noticed, but Clinton has been out of office for ten years and eight months.  It was in all the papers.  Also, the rules of the electorate are only slightly complicated, but according to those rules Clinton was entitled to take office when he did.  Whether or not you gave him a mandate is of no import, for you do not carry that authority.  Just for fun I checked the definition of "mandate".  Here it is:  the authority bestowed on a government or other organization by an electoral victory, effectively authorizing it to carry out the policies for which it campaigned.  Getting the highest number of votes and electoral votes constitutes victory.

Pant Suit Skidmark's picture

Sour grapes, exactly. Everybody wants a Lewinsky facial with icing on the dress.

Nice to see what a nice little middle-eastern girl will do for her country.

Miss anthrope's picture

sorry, but ross perot was a third party to split the republican vote and get clinton elected.  that's not why all of the MSM will not even SAY HIS NAME NOW.  if ron paul gets the republican nomination he will be president. 

Bicycle Repairman's picture

Shitbag, I dig your funky groove, man.  Conk-a-chonk-conk-conk-a-chonk!!!

Abitdodgie's picture

You are already thier surfs, you pay taxes dont you.