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Goldman's Take On Bernanke: "No Clear Easing Signal"
Pouring more gasoline on the fire (or, actually, quite the opposite), here is Goldman's Hatzius who confirms that anyone who wants their QuuEee3ee, will just have to wait.
Fed’s Bernanke Prepared Remarks: No Clear Easing Signal
BOTTOM LINE: Chairman Bernanke cautious on economy in prepared remarks but notes better signs lately in labor markets. Prepared statement offered no clear signal about further easing.
MAIN POINTS:
1. Fed Chairman Bernanke’s prepared remarks for the semi-annual Monetary Policy Report to Congress were most notable for what he did not say. In particular, the Chairman gave no clear signal that the committee is considering further monetary easing in the near future. Comments on monetary policy were mostly backward-looking, reviewing some of the communication changes that took place at the January meeting. He remarks did clarify that “exceptionally low” still means zero to 25bp, one of the questions that was raised after the last meeting: “The target range for the federal funds rate remains at 0 to 1/4 percent, and the forward guidance language in the FOMC policy statement provides an indication of how long the Committee expects that target range to be appropriate” (emphasis added).
2. On his description of the economy the Chairman was relatively cautious, saying that growth had been “uneven and modest”, but he did note positive developments in the labor market. He said, for example, that the drop in the unemployment rate was “somewhat more rapid than might have been expected”. He mentioned later in the remarks that there had been “somewhat different signals” recently about growth, and that the committee will need to evaluate incoming information about the pace of the recovery.
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As always believe the oppo of all these jokers. Remember tyler trying to tell you to short the russell 2000 just because goldman went long. ZIRP is QE infinity, have patience and don't forget that stupid Fed simulation game, 40% inflation here we come biznatches
Jim Rogers warns that QE is already happening even though it wasn't announced.
Are we about to slide below 13K? Cant imagine why...
I'm more worried about gold taking out $1764 ...
Bernake Lends Against the Stock Purchases!
The Money is Rolled over into new Purchases of yet more stock!
The .25% that is paid on money barrowed?? that was raised from JUNK!! Collateral! to begin with? means NOTHING!!
Bernake Does NOT Need QE-3 outright where everyone can see it!
He has been printing every day of every week for YEARS! to push the market this much higher!
But becuase YOU FUCKING PROPOGANDA LOVING TOOLS DONT HAVE A WHITE PAPER ON HOW TO DO IT??? YOU ARE FUCKING BLIND??
It is days like today that I believe you fucking stupid fucks deserve what is happening to you.
Now down arrow for your ego becuase of your ignroance!
Of course. Ben gets a pass because Draghi just dumped $735B in the pot. In several ways; and in several zip codes, QE is alive and well. The Bank of England, just anounced they're going drop another $50B or so on the market. and so it goes, and so it goes.
Ron Paul just pulled out "the silver bullet!!" He is ripping BB!!!!
Ron Paul just got Bernanke to agree to looking into a silver standard!!!
Its a tag team event....Ben is on the sidelines for the moment and Bwarney has offered to push in his stool for him....
Problem is bgilliam, Ben prints more, hello $6 gas....Ben claws back printing/raises rates even 1%, hello market lows.
Whatcha gonna do now Ben?
Short the euro. Long way down to par.
not.gonna.happen
were most notable for what he did not say
That says it all
I echo the sentiment expressed by a commenter on another thread.
Bullshit.
The ECB is now the conduit for QE. In tandem with its partner-in-crime, the US Fed.
The LTRO is the *new* QE.
Revise your vocabulary and dictionary accordingly.
The second LTRO was priced in the second it was announced in December. The market needs clarity on future injections today -> the market needs QE3 preannouncement now or it will lose its temper.
The market has overdosed on hopium, The Fed swaped a cool trillion to Europe before LTRO II, and with OT2 and POMO ops continuing, they don't need to annouce anything. The PPT will do the heavy lifting while Bernanke and all the world's Central Bankers continue to print the value of iat away as everyone continues to "increase" exports, the main one being inflation. They don't need to announce anything, and, most importantly, that does not mean there is not a continuation of QE dispite what Larry "Coke for Brians" Kudlow says.
All that needs to happen is that the Boomers 401ks go up enough so they can live out the last days of their parents so they can cash in their Life Insurance benefits so they can buy their 25 year old a new iPad for his brithday so his girlfriend won't leave him (because she wouldn't date anyone without an iPad) so the family can be a happy American one.
LOL, the last target IS 401K and pension Bathrobe Brigades for ass raping....that will come one of these mornings soon. Youre high if you think theyre doing all this to keep the Baby Boomers comfy in their retirement at The Villages playing badmiton and shuffleboard.
Well, we'll just have to wait and see. But, there is a lot of cheap money floating around that the "players" use for their market purchases, and the EuroBux that Draghi just dropped on the table are going to be used; so we'll just have to see. It doesn't appear impossible to me that the market can continue to rally in an easy money-inflation anticipating fashion in the present situation.
DANG even Tyler saying 'Zirp is not QE'...huh guess I was right all along.
'Markets need clear guidance on when the free money will be delivered, and where....or else full blown tantrum ensues'.....REAL NICE work there FED, LOL!
Central bankers of the world colluding! <gasp> I am appalled, appalled I tell you!
Loan sharks knew that if they took the dollars printing machines under their control they could suffocate the world ...they could initially suffocate USA and after taking the USA from the Americans, they could move and suffocate the whole world and take the countries from their people.
FED printed cheap money and loansharking multiplied this money in an unnatural way within the American economy boarders and they discarded them abroad so that they did not threaten USA. USA became the first state in the world with artificial “breathing”...
It cannot be possible but just in the USA for only the last year, more than one million houses were seized. It cannot be impossible but the New World has returned to tents and shelters ..has returned to the ages of Columbus. It cannot be possible that we allow to a few loan sharks looting the toils and the assets of people...
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
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The selling will continue until liquidity is injected
watch their lips .. if moving it is a lie
No clear easing signal? Have they seen the markets lately? It's already on!
It's sad how capitalism has been conflated with easy credit. American Capitalism exists only in symbolism, like any good brand.
That's always been the plan, exploitation, servitude.
This is how things work in all countries. Whatever used to belong to their people, today it belongs to the multinational companies of the Club. People were betrayed by their given leaderships and they lost everything. Capitals and markets were handed to the Club bosses. If you understand what is going on in Greece, you can understand what is going on in Britain, France, and Germany etc..
http://eamb-ydrohoos.blogspot.com/2012/02/world-war-iii.html
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These are contrary times we live in. Bad news, markets up. Good news, markets down. Fuck investing in this environment! It doesn't make sense anymore. All a person can do is trade the opposite of what makes sense.
Old WS wisdom "Rallys always end with good news"
Ber-shankie has realized that $5 gas is far more likely to cost Obama and him their jobs than 1000 SPY is.
And probably far too late to reverse course on oil prices now, the damage has already been done.
isn't ZIRP just a form of QE
Only if people can borrow and presumably buy.
Yea kinda like how shit is just another form of filet mignon.
No. QE/monetization is what a central bank is forced to do because the Treasury failed.
ZIRP is the pure primary evil unleashed by the CB itself, robbing the future for the present. The CBs' own FAIL.
For the first, blame the governments never balancing their books
For the second, blame the Global MegaBanks and their immoral derivatives casino scam, their multi-million bonus culture, their addict-and-pusher mindset and the utter abject ignorance of the "political class" in all monetary matters.
Whaaaat? ZIRP is NOT QE? Huh! Who ever would have known that and called it? Oh thats right, I did.
Paging PPT....emergency response to equities STAT!
qe3 is off.
http://www.jinrongbaike.com/
http://www.cnhedge.com/