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Live Webcast Of Ben Bernanke Press Conference And Updated Fed Forecasts

Tyler Durden's picture




 

Update for those who don't see more easing - bad news:

  • BERNANKE SAYS FED PREPARED TO TAKE MORE BALANCE SHEET ACTIONS
  • BERNANKE SAYS `THOSE TOOLS REMAIN ON THE TABLE'

One hour ago, the Fed launched on a big stop hunt, sending gold first much lower, then much higher, even as it released no incremental data, but merely confirmed that with every other central bank still "easing" (by which we mean devaluing their currencies of course, most recently seen in India and Brazil, and shortly, in Japan and of course Europe, once again) it can delay injecting cash until after the president is reelected. So with everyone at least superficially pretending there may be a question about ultimate Fed strategy, Ben will take the podium shortly to answer Steve Liesman's and several other fawning 'journalists' questions on what the Fed sees for the future, which in turn will be driven by the just released revised Fed forecasts (see below). Our question is why does the Fed not sell one or more ad spots on its livestream? Each can sell for at least a few millions - the money could then be used to pay down the debt.

And just out from the Fed, the latest revised projections which are totally wrong, and will be revised in another few months depending on what the Russell 2000 does.

  • *FOMC: 2012 GROWTH OF 2.4%-2.9% VS 2.2%-2.7% IN JANUARY
  • *FOMC: 2013 GROWTH OF 2.7%-3.1% VS 2.8%-3.2% IN JANUARY
  • *FOMC: JOBLESS END OF 2012 AT 7.8%-8.0% VS 8.2%-8.5% IN JAN.
  • *FOMC: JOBLESS END OF 2013 AT 7.3%-7.7% VS 7.4%-8.1% IN JAN.
  • *FOMC: 2012 PCE INFLATION OF 1.9%-2.0% VS 1.4%-1.8% IN JANUARY
  • *FOMC: 2013 PCE INFLATION OF 1.6%-2.0% VS 1.4%-2.0% IN JANUARY

 

 

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Wed, 04/25/2012 - 14:08 | 2374284 The Axe
The Axe's picture

with Europe winning the race to devalue, why is the euro so strong?     Is this a China bid?   What gives, with all this shit this week? nothing?    Can it will be a LTRO currency unwind?   NOT!

Wed, 04/25/2012 - 14:09 | 2374290 slaughterer
slaughterer's picture

Every time Liesman obsequiously says "Mr. Chairman" = another shot of the hard stuff.  

Wed, 04/25/2012 - 14:14 | 2374317 vast-dom
vast-dom's picture

I AM THE BEAST I WORSHIP

Wed, 04/25/2012 - 14:28 | 2374384 Ahmeexnal
Ahmeexnal's picture

meanwhile, the dutch are in open rebellion against nazi eurozone:

http://www.prisonplanet.com/going-dutch-game-over-for-euro-if-netherland...

As expected, NL will be the first to dump the fascist imperial fiat eurocurrency. Austria is also about to start its revolt against the paris-berlin oligarch banking cabal, as Germany's mask falls off once again: pro-NRW is on the rise.

http://www.spiegel.de/politik/deutschland/0,1518,829594,00.html

Wed, 04/25/2012 - 14:33 | 2374430 GeneMarchbanks
GeneMarchbanks's picture

Have you even been to modern Germany? Are you really that horribly misinformed?

Wed, 04/25/2012 - 14:47 | 2374498 Ahmeexnal
Ahmeexnal's picture

Globalists go full retard jacket as they try to destroy Switzerland by pushing for "universal foodstamp coverage":

http://www.thelocal.ch/3074/20120412/

 

 

 

A philanthropic movement wants to create a Swiss Utopia by ensuring that every citizen receives an “unconditional base income” of 2,500 francs ($2,729).

Supporters are currently trying to raise 100,000 signatures to trigger a referendum. The idea is backed by artists, therapists, filmmakers and socialist politicians, such as former Vice-Chancellor Oswald Sigg,and National Councillor for Basel, Sylvia Schenker, online news site Le Matin reported.

Wed, 04/25/2012 - 15:23 | 2374625 Divided States ...
Divided States of America's picture

The only effin 'tools' on the table that we will be needing in the future is a loaded shotgun and a safe to store the precious yellow metal.

Wed, 04/25/2012 - 15:14 | 2374590 JW n FL
JW n FL's picture

 

 

The Lucky 400 know that the Middle is Brain Washed with Dreams of being Someone and the Poor, Un-Educated Wall Mart Shoppers are too busy importing a 3rd World Living Standard thru their POWER Shopping! LOL!!

 

And let’s not mention the 2 Largest Lobby’s in America who collect more Government Hand Outs  and Secret Loans from the Federal Reserve!

 

 

The 2 Largest Lobby’s in America.. Collect the Largest Government Hand Outs and Secret Loans from the Federal Reserve! Those are the Numerical Facts! Bribe the Government and Get the Most Tax Dollars paid in by the Working Class Sheepeople!

 

http://www.reuters.com/article/2011/05/26/us-lobbying-imfreport-idUSTRE74P7AF20110526

http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html

http://www.huffingtonpost.com/2010/09/01/the-10-banks-that-recieve_n_701660.html

(Huffington Post for those of you here that need it)

The FBI / CIA / NSA not only ignore these Numerical Facts! The FBI / CIA / NSA Promote and Support the Theft of Monies from the Working Class Outright! By looking the other way! So that when these Persons Charged with Protecting National Interests Retire from Looking the Other Way! That they may be hired in the Private Sector! High Paid Consultants who spent an entire Career, Looking the Other Way are then Paid to do what they do “O” so well!

For example!

BULLSHIT!

Trustee Finds No Missing MF Global Funds at J.P. Morgan

http://online.wsj.com/article/SB10001424052970204880404577229211148843068.html

BULLSHIT!

Judge Rejects MF Global Priority Bid

http://online.wsj.com/article/SB10001424052970204740904577197002951560404.html

BULLSHIT!

The Senator Letters That Bash MF Global’s Bonus Plan

 

http://blogs.wsj.com/deals/2012/03/12/the-senator-letters-that-bash-mf-globals-bonus-plan/

 

SO! not only did the Ex-FBI Chief Look the other way! He suppressed Information and then!! Tried to get Bonus Monies for his Crooked Buddies that Just Ripped Off the Working Class!

 

But HAY!! As long as it is not YOUR Money!!

As Long as it is someone else getting screwed!!

Those City Slickers! LOL!! When the Government is done with the City’s the Government will start the Shock and Awe! for the Middle America Cowards who sat on their hands and watched the City Slickers get Murdered!

 

At first they can for the Fresh Air!

I lived on the ocean.. so it didn’t affect me so I didn’t say shit!

Then they came for the Fresh Food!  

I lived in an area with a 12 month grow season.. so it didn’t affect me so I didn’t say shit!

Then they came for the Rights of the Citizens..

I didn’t like the Tea Party or the Occupy People.. so Fuck’em both! Not my problem! Dumb red Necks or Bongo playing hippies are NOT my demographic!  so it didn’t affect me so I didn’t say shit!

Then they came for my Retirement Monies, Wall Street figured out it was more profitable to NOT! pay anyone’s retirement funds back!

I have money offshore.. and I hate the baby boomers who participated in this system and brought us to the end of America! So I was happy those old sell out were being Fucked Over!

Then they came for the Guns!

I didn’t care because I could get on a slow boat and be in the Bahamas in 1 hour! Fuck the Sheep who ALL sat on their hands hating each other just like the Government Brain Washed them to do!

It is better to never agree with anyone else, be divided and lazy! That way the Status Quo can continue un-abated! Let the Poor, Un-Educated, Sheepeople Kill Each Other!

Then we can come in and dis-arm them! For their own protection! And rule them without the worry of having our balls blown off! Death is a Release! No Balls and a Quadriplegic.. smelling your own shit for the rest of you days.. unable to kill yourself is WAYYYYYYYYYYYYY Worse than death!

 

I hate You! You Hate Me! We ALL! Hate Each Other!! And Wall Street and the Government Continue to Rob Us ALL! BLIND!! With NO!! Resistance! To the Robbery from the Sheepeople!  We are ALL! to busy figuring out ways to not like each other so that we can NOT! EVER!! Stand together to stop the ongoing robbery!

“O” Look!! Trayvon! I mean Mad Cow! I mean Dancing wiff da starz!

 

Wed, 04/25/2012 - 15:24 | 2374628 Comay Mierda
Comay Mierda's picture

they're all lucifer worshipping freemason butt buddies and will bail each other out no matter what - that is their blood oath

http://www.freemasonrywatch.org/1index.html

Wed, 04/25/2012 - 15:46 | 2374682 NoClueSneaker
NoClueSneaker's picture

Shit.

Me 3500 miles away, and all the crap you're talking about sounds familiar. I know the jerk who mumbles the same lines and curses through his  teeth the whole fuckin' day long, for about a quarter of the century.

I'm pretty sure I never used yout toothbrush or you mine.

 

 

 

Wed, 04/25/2012 - 16:24 | 2374818 Teamtc321
Teamtc321's picture

Fuck these mfer's in the ass. There is that blunt enough? Our so called elected leader's are complete idiot's. They are relentless, sneaky, gun grabbing snakes.

 

Obama Ban on Youth Farm Chores Part of Larger Power Grab

http://www.infowars.com/obama-ban-on-youth-farm-chores-part-of-larger-power-grab/

 

Wed, 04/25/2012 - 14:17 | 2374334 JFK.4PREZ
JFK.4PREZ's picture

Gulp of beer anytime you think Helicopter Ben is bending the truth.  

Wed, 04/25/2012 - 14:22 | 2374362 Sudden Debt
Sudden Debt's picture

OKTOBERFEST IN MAY!!!!

Wed, 04/25/2012 - 14:26 | 2374391 Chaffinch
Chaffinch's picture

I love the idea of Benny selling ads on the live stream. Do y'all think Ron Paul should take one? Not to mention Apmex,GoldMoney.com and Bullionvault...? ; )

Wed, 04/25/2012 - 14:34 | 2374416 Chaffinch
Chaffinch's picture

Another nice little earner for the Fed would be to open a book on the forecasts. I'ld like to go short '(Dec) 2012 Growth' at 2.4, though a tighter spread would be preferable.
And that would mean no cooking the books or the CFTC would maybe 'investigate'... - yeh, right ...

Wed, 04/25/2012 - 14:47 | 2374500 brewing
brewing's picture

blow me, ben...

Wed, 04/25/2012 - 15:14 | 2374589 spastic_colon
spastic_colon's picture

Wow if you weren't sure who holds the power now you do! Between AAPL, the fed, GS, BAC, buffet, potus, etc. It is clear that those who dissent are fucked! Bernanke is answering all of your questions as he speaks, this is not a media interview, it is a reckoning, interpretation..... "you will be crushed if you short anything"......mentally and physically!

Wed, 04/25/2012 - 14:21 | 2374364 AlaricBalth
AlaricBalth's picture

Budweiser doesn't brew enough beer for that game.

Wed, 04/25/2012 - 15:19 | 2374609 Randall Cabot
Randall Cabot's picture

Time to short the stock market, the market tops in 2010 and 2011 came in the last days of April and this year will be no different.

Wed, 04/25/2012 - 14:23 | 2374382 Silver Bully
Silver Bully's picture

Are you trying to kill off the ZH commenter corp? Alchohol poisoning is a nasty way to go, but at least you won't feel it [hic].

Wed, 04/25/2012 - 14:35 | 2374439 breakyoself
breakyoself's picture

drunk as hell in no time

Wed, 04/25/2012 - 14:27 | 2374401 cjt
cjt's picture

Steve Liesman makes me F'n sick.  He is the ultimate dick head... the only one over at "CNBC" worth a shit is Santelli...

Wed, 04/25/2012 - 14:27 | 2374402 derek_vineyard
derek_vineyard's picture

McShakes is particularly shaky today.  Is he over or under medicated?   He's clearly not comfortable.

Wed, 04/25/2012 - 14:15 | 2374320 magpie
magpie's picture

nevertheless, the ponzi carusell leads to crowding out effects eventually.

Wed, 04/25/2012 - 14:15 | 2374324 ArkansasAngie
ArkansasAngie's picture

Everybody knows the Fedury is going to print.  Somebody has to buy Obama/Romney deficit spending bonds.

As to why the Euro hasn't crashed and burned ... why ... it is the same reason nothing has ... There is no free markets any more.

Wed, 04/25/2012 - 14:19 | 2374346 crawldaddy
crawldaddy's picture

exactly monoploy games cant end, even if you dont own anything, if everytime you pass go, you get 5 trillion bucks at no interest.

Wed, 04/25/2012 - 14:19 | 2374347 crawldaddy
crawldaddy's picture

exactly monoploy games cant end, even if you dont own anything, if everytime you pass go, you get 5 trillion bucks at no interest.

Wed, 04/25/2012 - 14:35 | 2374440 SRSrocco
SRSrocco's picture

PLEASE ALLOW ME TO BE BLUNT

I think it is high time to SHUT OFF THE TV and stop watching and listening to this NONSENSE.  Its time to go outside, learn how to shoot your guns and to work on growing your own food.  MSM is totally meaningless now.  It is nothing more than a DISTRACTION from other important tasks that need to be done to prepare for the collapse.

I have written some interesting BLOG ENTRIES on TURDS BLOG which you can find at the link below:

http://www.tfmetalsreport.com/blog/3714/waiting-bernank

 

Wed, 04/25/2012 - 14:47 | 2374497 skepticCarl
skepticCarl's picture

Good adherence to Commandment 10:

"Thou shalt not respect the Fed Chairman, nor his banker buddies, nor the Treasury Secretary, nor the POTUS,  nor anything found in the Main Stream Media."

Wed, 04/25/2012 - 15:55 | 2374708 Randall Cabot
Randall Cabot's picture

Yep, totally agree.

Wed, 04/25/2012 - 16:23 | 2374815 Chupacabra-322
Chupacabra-322's picture
  • BERNANKE SAYS FED PREPARED TO TAKE MORE BALANCE SHEET ACTIONS
  • QE to infinity Bicheez.......

    Wed, 04/25/2012 - 14:09 | 2374291 vast-dom
    vast-dom's picture

    DIE DIE DIE DIE DIE

    Wed, 04/25/2012 - 14:16 | 2374330 cougar_w
    cougar_w's picture

    Don't hold back now, tell us how you really feel.

    Wed, 04/25/2012 - 14:22 | 2374367 Jena
    Jena's picture

    For now, we'll pencil him in the anti-Ben camp.

    Wed, 04/25/2012 - 14:25 | 2374390 Silver Bully
    Silver Bully's picture

    There's a FEMA camp for that.

    Wed, 04/25/2012 - 14:34 | 2374397 vast-dom
    vast-dom's picture

    nothing like having the law behind you when you keep breaking it!

    nothing like having the law behind you when you keep raping it!

    nothing like having the law behind you when you ifuckup the whole planet!

    now back to regular scheduled fuckery!!!

    Wed, 04/25/2012 - 15:38 | 2374646 gaoptimize
    gaoptimize's picture

    I didn't junk you, but I don't condone violence.  I do wonder if the Chairman ever wakes up in the morning and thinks about telling the truth and doing the right thing.  Something like a Mitch Daniel's ( http://www.weeklystandard.com/blogs/mitch-danielss-response-state-union_618456.html ) moment.  Maybe his nervousness is a manifestation of his internal conflict about what he is saying and doing.  Maybe he has been threatened by people who your anger ought to be focused on..

    Wed, 04/25/2012 - 18:03 | 2375050 CH1
    CH1's picture

    Honestly, I think that was blowing off steam, and NOT notice that the poster was about to grab a rifle and shoot people.

    People... ummm... shoot from the hip here, but not in a literal way.

    Wed, 04/25/2012 - 14:10 | 2374293 SHEEPFUKKER
    SHEEPFUKKER's picture

    Comedy central

    Wed, 04/25/2012 - 14:10 | 2374295 crawldaddy
    crawldaddy's picture

    extend and pretend.............its all we got.

     

     

    Wed, 04/25/2012 - 14:16 | 2374323 cougar_w
    cougar_w's picture

    That's right. So what is all this noise about the Fed not having a strategy?  /s

    Wed, 04/25/2012 - 14:21 | 2374345 SheepDog-One
    SheepDog-One's picture

    'We've reached cruising altitude....unfortunately we've lost 1 wing, 3 engines out, and running on fumes for the glide path from NYC to L.A. Dont worry, we've got this shit handled here at the FED cockpit, enjoy your free beverage service its arsenic and old lace'.

    Wed, 04/25/2012 - 14:41 | 2374432 AccreditedEYE
    AccreditedEYE's picture

    What a total joke of a market.... that such volatility is induced by the WORDS of the biggest hedge fund mana... er, I mean Federal Reserve Chairman goes to show how we've turned what used to be the capital markets into the biggest computer game in the world.

    VIX holding strong, despite Apple-Day, @ 17... F you Ben!

    Wed, 04/25/2012 - 15:02 | 2374544 tocointhephrase
    tocointhephrase's picture

    But those words are now wearing thin. Tables are turning, the market won't buy it in the end. Paper can go to zero for all I care, its just a bonus that we can get PHYSICAL close to those (aherm) prices. PHYSICAL GOLD AND SILVER SALE ENDING SOON!!!!

    Wed, 04/25/2012 - 14:12 | 2374299 Bam_Man
    Bam_Man's picture

    Yup. The Fed will print again when it is their turn in the batting order. The ECB just had theirs in December. Coming to the plate next is the BOJ, with the BOE on deck. Right now, the Fed is not even in the dugout. Ben is in the clubhouse adjusting his jockstrap.

    Ever wonder how prices of everything are going up, but the currency pairs seem locked in place?

    Wed, 04/25/2012 - 15:06 | 2374558 Bicycle Repairman
    Bicycle Repairman's picture

    That's right.  The central banks all print on a rotating schedule.

    Wed, 04/25/2012 - 14:11 | 2374302 Deep79
    Deep79's picture

    What I want to know is why anyone, especially the market listens to these buffonns. When is the FED ever right.

    Wed, 04/25/2012 - 14:11 | 2374304 Bay of Pigs
    Bay of Pigs's picture

    What sayeth ye Uncle Shalom?

    Wed, 04/25/2012 - 14:12 | 2374308 slaughterer
    slaughterer's picture

    The Ben sayeth: we must print in order for the Obama to rise again. 

    Wed, 04/25/2012 - 14:14 | 2374318 crawldaddy
    crawldaddy's picture

    its not about Obama, its about status quo. Puppet A or puppet B , you really think there is a difference and that the puppet master cares which one you choose.

    Wed, 04/25/2012 - 14:21 | 2374357 RyanW525
    RyanW525's picture

    Exactly, the Presidencey has become nothing but a cover to distract and divide the masses with a small amount of moral issues.  The FED and its cronies run the show...

    Wed, 04/25/2012 - 14:22 | 2374365 cougar_w
    cougar_w's picture

    But TPTB like that nobody gets this one. Not getting it allows people to wait until elections, when they can safely (meaning, not in the streets with torches and broken bottles) fight the good fight against crony capitalism and corruption by picking the sock puppet who made the mouth noises they liked best.

    When people stopped making hard choices was when we lost this battle. And until we start again making hard choices -- ones that might require us to think without emotion and put our familiar comforts and expectations at real risk -- we will continue to lose.

    My prediction: it will take five generations and another global war to regain control of democracy anywhere in the world.

     

    Wed, 04/25/2012 - 14:45 | 2374375 SheepDog-One
    SheepDog-One's picture

    In fact I'd say its highly likely the puppet masters have a 'surprise' in store, they'd much rather have Romney whitey republican in there to take all the coming heat. Its perfect, the media would be free to rip him to shreds over all the sudden economic and financial disasters that come late fall. This idea its all about 'delaying until after the Emperor can be firmly enthroned again' is just ridiculous because if its ok to do it THEN, then its ok to do it NOW. I call BS. They cant QE now OR then.

    Wed, 04/25/2012 - 14:54 | 2374518 DosZap
    DosZap's picture

     they'd much rather have Romney whitey republican in there to take all the coming heat

    Not with O's plan to continue to add new EO's, and bypass Congress.He wants to fullfill his misson,total  destruction America.

    OT, meanwhile back at the SCOTUS area, seems O is getting his ass handed to him, on AZ's immigration policies, and the ObummerCare bill....................along with all the scurrilous hidden dictatorial crap hidden therein.

    The last left winger he appointed, recused herself, and they are having a field day with the Admins lawyers case.(what case)

    Wed, 04/25/2012 - 15:13 | 2374584 SheepDog-One
    SheepDog-One's picture

    'O' actually has no plans himself, he's told just what to do. 

    Wed, 04/25/2012 - 14:11 | 2374306 RyanW525
    RyanW525's picture

    Mr. Chairman, How do you feel about Iran selling their oil on the black market for any tangible asset other that your green paper?

    Wed, 04/25/2012 - 14:22 | 2374370 youngman
    youngman's picture

    And Clinton´s buddy will be the buyer..the guy he pardoned....he will buy it thru a third party...recycle it thru a legit company...and bingo....oil on the market.....

    Wed, 04/25/2012 - 14:40 | 2374464 baby_BLYTHE
    baby_BLYTHE's picture

    His answer: If the situation becomes problematic and threatens financial stability my buddies in Israel will wipe them off the map at second's notice

    Wed, 04/25/2012 - 14:45 | 2374488 SheepDog-One
    SheepDog-One's picture

    Israel never dirties their hands themselves, they always get someone else to fight their fights.

    Wed, 04/25/2012 - 15:56 | 2374717 NoClueSneaker
    NoClueSneaker's picture

    Yepp, even the communist puppets have been killing CIA operatives for Israel . Preemptive battle for release of great isreli hero,

    Jonathan Pollard .

     

    Battle almost won.  Barry is about to sign an executive order.

     

     

     

     

     

     

    Wed, 04/25/2012 - 14:12 | 2374310 crawldaddy
    crawldaddy's picture

    Just like weekend at Bernies,  but in this case, its our economy thats dead.

    Wed, 04/25/2012 - 14:18 | 2374342 magpie
    magpie's picture

    In the movie, they stuck to one suitcase of greenbacks.

    Wed, 04/25/2012 - 14:13 | 2374313 cougar_w
    cougar_w's picture

    Drink a shot every time Ben does not say "we fucked it up okay?"

    Wed, 04/25/2012 - 14:15 | 2374319 carbonmutant
    carbonmutant's picture

    NatGas likes it...

    Wed, 04/25/2012 - 14:16 | 2374325 SheepDog-One
    SheepDog-One's picture

    WOW look everything is such ROSY data! So now that 'QE3New.1' has been priced in about 10x since DOW 9,000 when they started this scam and obviously will never actually be delivered, where does all the hot air in this bubble come leaking out of?

    Wed, 04/25/2012 - 14:15 | 2374328 surf0766
    surf0766's picture

    When does China begin buying oil with gold?

    Wed, 04/25/2012 - 14:20 | 2374352 Bam_Man
    Bam_Man's picture

    June 28th.

    Wed, 04/25/2012 - 14:16 | 2374332 vegas
    vegas's picture

    The Tower of Babel speaks; stop hunts not over.

     

    http://vegasxau.blogspot.com

    Wed, 04/25/2012 - 14:17 | 2374335 crawldaddy
    crawldaddy's picture

    Personally I think Schrute Bucks are the way of the future.

    Wed, 04/25/2012 - 14:20 | 2374353 Liposuction
    Liposuction's picture

    Thank the gods.  I'd hate to see what would happen if we used Stanly Nickels.

    Wed, 04/25/2012 - 14:18 | 2374341 q99x2
    q99x2's picture

    I understand what they are doing. I do not have to watch the terrorists commit their crimes in public.

    Wed, 04/25/2012 - 15:44 | 2374676 aheady
    aheady's picture

    I logged in just to give you props for that eloquent comment.

    Wed, 04/25/2012 - 14:19 | 2374343 RacerX
    RacerX's picture

    It speaks. All hail.

    Wed, 04/25/2012 - 14:20 | 2374349 optimator
    optimator's picture

    How about the chart with Bankster bonuses?  Then tell me about no inflation.

    Wed, 04/25/2012 - 14:23 | 2374351 Sophist Economicus
    Sophist Economicus's picture

    OT, seems like there's a bit of a tiff going on in the COMEX gold pit....

    Wed, 04/25/2012 - 14:21 | 2374354 carbonmutant
    carbonmutant's picture

    Promises to keep funds rates low for the current administration...

    Wed, 04/25/2012 - 14:21 | 2374355 JPM Hater001
    JPM Hater001's picture

    Boy Ben, you sure are having trouble at the 13000 thing aren't ya?

    Wed, 04/25/2012 - 14:21 | 2374361 ebworthen
    ebworthen's picture

    Bubble Fantasy talk!

    Ben, step away from the Caterpillar!

    Wed, 04/25/2012 - 14:22 | 2374371 pupton
    pupton's picture

    It's funny that no matter what the real world conditions, the Chairsatan refuses to acknowledge the possibility of inflation above 2.0%  Lying bastards!

    Wed, 04/25/2012 - 14:25 | 2374389 SheepDog-One
    SheepDog-One's picture

    Cant admit anything over the PA system when youre flying on 1 wing.

    Wed, 04/25/2012 - 14:23 | 2374376 Cassandra Syndrome
    Cassandra Syndrome's picture

    Transitory

    Wed, 04/25/2012 - 14:23 | 2374377 Cassandra Syndrome
    Cassandra Syndrome's picture

    Transitory

    Wed, 04/25/2012 - 14:25 | 2374388 youngman
    youngman's picture

    He can´t raise rates...and the politicians will never cut spending....so with more people on the dole...and less revenue coming in.....and trillions of more debt for the future...I would say kicking the can is going to be one hell of a game..I wonder if Nike has the jersey and shoe contract for that

    Wed, 04/25/2012 - 14:26 | 2374392 SheepDog-One
    SheepDog-One's picture

    The crackhead Wall St doesnt seem to like it much.

    Wed, 04/25/2012 - 14:26 | 2374393 Ms. Erable
    Ms. Erable's picture

    No Bananabuck Ben's Huey Delivery Service this week? Maybe he can just take 15 minutes to fix that inflation thingy...

    Wed, 04/25/2012 - 14:26 | 2374394 YesWeKahn
    YesWeKahn's picture

    Criminal enterprise.

    Wed, 04/25/2012 - 14:27 | 2374398 The Swedish Chef
    The Swedish Chef's picture

    That gold chart does look funny...

    Wed, 04/25/2012 - 14:28 | 2374405 junkyardjack
    junkyardjack's picture

    BULLISH! Buy AAPL while you still can, stock price lower than $1,000 is transistory...

    Wed, 04/25/2012 - 14:28 | 2374406 midgetrannyporn
    midgetrannyporn's picture

    Gen Ben: Let the poor man get a loan...

    Wed, 04/25/2012 - 14:30 | 2374414 time2blowitup
    time2blowitup's picture

    liesman asking bernak questions is like DSK interrogating the tax payer funded hooker non payers in colombia

    Wed, 04/25/2012 - 14:30 | 2374415 Cassandra Syndrome
    Cassandra Syndrome's picture

    How can he sit their and lie about deflation being evil? Is he really that dumb?

    Wed, 04/25/2012 - 14:32 | 2374419 YesWeKahn
    YesWeKahn's picture

    He speaks like Obama now, a lot of ah, oh, ah ...

    Wed, 04/25/2012 - 14:33 | 2374426 l1b3rty
    l1b3rty's picture

    Silver broke through $30s as the powers-that-be elicited the responses in the markets that THEY DESIRED and do not necessarily reflect any reality other than What They Want!

    http://silvervigilante.com

     

    Wed, 04/25/2012 - 14:34 | 2374435 Deep79
    Deep79's picture

    BUT BUT BUT TYLER

    You have been expecting easing from FED since last JUNE

    They are jawboning, we aint gonna get easing til SP is at minimum 1100

    and you know it

    Wed, 04/25/2012 - 14:46 | 2374482 midgetrannyporn
    midgetrannyporn's picture

    Earth to 79: They are QEing at this very moment.

     

    fat drunk and stupid is no way to go through life son...

     

    [/dean wormer]

    Wed, 04/25/2012 - 14:48 | 2374506 Deep79
    Deep79's picture

    Really the FED is QE'ing.  NO THEY ARE NOT

    fat drunk and REALLY stupid believing everything you read in blogs is no way to go thru life son

    Wed, 04/25/2012 - 15:14 | 2374587 midgetrannyporn
    midgetrannyporn's picture

    The fed isn't price fixing and they aren't buying assets from the banks? You believe that? Operation Twist doesn't count because it is sterilized completely? My mistake, you aren't stupid, just naive.

    Wed, 04/25/2012 - 15:19 | 2374611 Deep79
    Deep79's picture

    Show me proof. Oh articles you read on ZH. Oh ok that is good enough for me. (Still best site on web, you cant beilive everything you read)

    Just like gold is goona go thru the roof and silver, they keep making lower highs, I was a beiliver my friend in PM's, but as i said back in october when gold failed at 1800, it might have topped. and got attcked for these comments.

    Dont believe everything you read, even on ZH

    You are the one that is naive my friend

     

     

    Wed, 04/25/2012 - 22:21 | 2375444 Camtender
    Camtender's picture

    Listen up Neidermeyer, if you cannot comprehend that the growing balance sheet of the Fed is QE, then do as you say and go away from your time on ZH and read the actual Fed financials. There is an assumption that people here have a basic understanding..........I guess I was wrong....

    Wed, 04/25/2012 - 14:48 | 2374504 SheepDog-One
    SheepDog-One's picture

    Right, and also S&P 1,100 isnt ever coming either, because they cant even let markets slide .1% without immediate recovery measures on overnite futures. 

    Wed, 04/25/2012 - 14:51 | 2374515 Deep79
    Deep79's picture

    last i checked we were down 4.5% from high about a week ago when we hit 1355

     

    thats not .1%

    Wed, 04/25/2012 - 15:15 | 2374597 SheepDog-One
    SheepDog-One's picture

    WHOA man yea we've plunged -20 points on the S&P....brutal!

    Wed, 04/25/2012 - 15:27 | 2374633 Deep79
    Deep79's picture

    Who said plunged? You simply said market has not gone down .1% and I proved you wrong.

    When we hed to 1100-1150 by mid to late summer, that will be a plunge

     

     

    Wed, 04/25/2012 - 16:17 | 2374787 SheepDog-One
    SheepDog-One's picture

    And what have they been doing since? Recovering it by .5% daily since then.

    Wed, 04/25/2012 - 21:16 | 2375362 lotsoffun
    lotsoffun's picture

    public and private pension funds and 401k's are deeply underwater.  they raise rates, stocks drop, bond prices drop and pension funds go further underwater.

    they are waiting for a miracle.

    moses, jesus,allah and buddha (apologies for those i missed).  these were real miracles (sarc guys).  they saved people.  bennie is waiting for his savior and treading that underwater water.  it's coming.  they thought maybe it was timmie, they thought maybe big bad bama.  bennie thought maybe it was him, but he knows now he's not.  he tried because he thought he was so much smarter than all of us.  it is really very funny.

     

    Wed, 04/25/2012 - 14:34 | 2374436 sbenard
    sbenard's picture

    And I thought BO was full of BS!

    Wed, 04/25/2012 - 14:35 | 2374438 oddjob
    oddjob's picture

     Liesman tossing the old fart softball questions is indicative of journalistic worthiness. Good chance Liesman will blow him after.

    Wed, 04/25/2012 - 15:50 | 2374696 Kilgore Trout
    Kilgore Trout's picture

    Ghastly sight on air

    Liesman fellates fed chairman

    Swallow at finish

    Wed, 04/25/2012 - 14:36 | 2374444 xtop23
    xtop23's picture

    FOMC meeting day activities:

    1) wait for speculation increases in PM's in anticipation of QE

    2) go short

    3) wait for dip

    4) go long

    5) rinse repeat

    I didn't hit 'em exactly and it may not be the best way to do it but I've made a nice little chunk the last few meetings.

    Wed, 04/25/2012 - 14:36 | 2374446 TradingJoe
    TradingJoe's picture

    They will print alright, but not just now!!! First a crap down then a "gap" up!!! :)))

    Wed, 04/25/2012 - 14:49 | 2374510 SheepDog-One
    SheepDog-One's picture

    It will never happen, theyll never let the markets slide because as soon as it fell 5% the entire world markets would implode. Its not going to happen, ever.

    Wed, 04/25/2012 - 14:37 | 2374448 nomorebuyins
    nomorebuyins's picture

    Read this out loud Benny - I am Sofa King we Todd Ed.

    Wed, 04/25/2012 - 14:38 | 2374450 carbonmutant
    carbonmutant's picture

    Ben's running on hopium...

    Wed, 04/25/2012 - 14:37 | 2374451 fonzannoon
    fonzannoon's picture

    Listen to the ass clowns discussing 2% inflation versus 2.5% inflation consequences. It's fascinating.

    Wed, 04/25/2012 - 15:17 | 2374605 SheepDog-One
    SheepDog-One's picture

    While they dance around the head of a pin on 2% inflation, real inflation is over 10% according to shadowstats. 

    Wed, 04/25/2012 - 14:37 | 2374452 vote_libertaria...
    vote_libertarian_party's picture

    The amazing thing to me is how the Fed and all of these reporters quote the gvt approved employment and inflation numbers.  Nobody challenges the gvt numbers.

    Wed, 04/25/2012 - 14:38 | 2374454 youngman
    youngman's picture

    They do not have to announce anything...they are printing today...IMHO

    Wed, 04/25/2012 - 14:38 | 2374458 buzzsaw99
    buzzsaw99's picture

    Bernanke looks like shit. With any luck he will die of natural causes very soon.

    Wed, 04/25/2012 - 15:31 | 2374645 Ms. Erable
    Ms. Erable's picture

    That'd be fine. Unnatural causes would be a plus, but I'll take what I can get.

    Wed, 04/25/2012 - 14:38 | 2374459 Seasmoke
    Seasmoke's picture

    Ben Bernshakee

    Wed, 04/25/2012 - 14:39 | 2374461 ISEEIT
    ISEEIT's picture

    Check out Wenzels speech at the Fed today. Very much worth reading.

     

    http://www.economicpolicyjournal.com/

    Wed, 04/25/2012 - 14:41 | 2374468 JustObserving
    JustObserving's picture

    "Credibility of the Fed may get eroded"

    The Bernank has a sense of humor.

    "Econometric Models" = phone call from Bankfein? Or is it Dimon?

    Free and fair markets controlled from the top - it sure feels like fascism.

    Wed, 04/25/2012 - 14:41 | 2374469 carbonmutant
    carbonmutant's picture

    Shyster who can't see a housing crisis months before it happens is projecting interest rates 2 years from now???

    Wed, 04/25/2012 - 14:40 | 2374470 lizzy36
    lizzy36's picture

    Bernanke WILL NEVER SAY "we are NOT PREPARED to do more". Never.

    Wed, 04/25/2012 - 14:41 | 2374473 Scalaris
    Scalaris's picture

    Fiscal cliffs all around.

    Wed, 04/25/2012 - 14:42 | 2374475 Benjamin Glutton
    Benjamin Glutton's picture

    THROW A SHOE!!!!!

    Wed, 04/25/2012 - 14:42 | 2374476 Jason T
    Jason T's picture

    My EBT my EBT i just swipe my EBT

    Wed, 04/25/2012 - 14:44 | 2374483 dbTX
    dbTX's picture

    No inflation here, move along.

    Wed, 04/25/2012 - 14:46 | 2374490 nick howdy
    nick howdy's picture

    You know Ben you should have really thought twice about quitting your former job...Pedro wants you back...

    http://www.thesouthoftheborder.com/

    Wed, 04/25/2012 - 15:39 | 2374664 earnyermoney
    earnyermoney's picture

    South of the Border! Wart on SCs ass.

     

    The next exit on I-95 S is Ben Bernanke Interchange. Almost drove off the road in disbelief when I read the sign prior to the off ramp.

    Wed, 04/25/2012 - 16:18 | 2374788 nick howdy
    nick howdy's picture

    Man I was just around there...They have a freaking interchange named after him?...WTF!

    S.O.B. is a ghost town, motocross track/hangout usually frequented by people with few teeth. Go to Pedro's diner if you want to know what I mean..Good breakfast there also. That's as long as you can get past the waitress' Bubba teeth.

    I'm thinking S.O.B. was Ben's prototype project for the rest of America...Dammit  if it's not working...

    Wed, 04/25/2012 - 21:05 | 2375355 lotsoffun
    lotsoffun's picture

    i've been experiencing 'south of the border' signs since maybe 1966.  it is was it is.  it's 100% american culture.  and it doesn't pretend to be anything else.  it was way ahead of mcd's - who pretends to be something else.  and starbucks is worse.  cheese factor and they know it and worship it.

     

    Wed, 04/25/2012 - 14:46 | 2374491 SmoothCoolSmoke
    SmoothCoolSmoke's picture

    From 2:17 to 2:37, Dow round-tripped 95 pts.  What a crock this guy is.

    Wed, 04/25/2012 - 16:38 | 2374854 walküre
    walküre's picture

    The headlines changed and are now saying something completely different.

    Initially the reaction to Ben's speech was that there was nothing new. I guess that wasn't good enough.

    Then they changed it and now we're reading that the speech held clues about further stimulus and spending. Up, up and away!

    It's the fucking Twilight Zone!

    Wed, 04/25/2012 - 14:46 | 2374492 rabbitusvomitus
    rabbitusvomitus's picture

    Those f'ing PumpMonkeys on Cnbs keeping flashing the gold price....you can almost hear them chanting "drop, baby drop, drop baby drop". Haters! but it just turned positive........

    Wed, 04/25/2012 - 14:46 | 2374496 Dr. Engali
    Dr. Engali's picture

    Why is Bank of America geing kept on life support instead of  being liquidated?

    Wed, 04/25/2012 - 14:53 | 2374517 SheepDog-One
    SheepDog-One's picture

    They probably have pictures of Ben with midget trannys.

    Wed, 04/25/2012 - 14:56 | 2374527 BLACK_DOG
    BLACK_DOG's picture

    bank of america is synonymous with lawsuit.

    Wed, 04/25/2012 - 15:09 | 2374570 surf0766
    surf0766's picture

    Because they hate guns?

    Wed, 04/25/2012 - 14:47 | 2374499 Peter K
    Peter K's picture

    Ben seems very nervous when speaking about the Board Members realing in their ZIRP expectations. It appears as if there was quite a bit of discent, regardless of the official party line. Did anyone else notice this?

    Wed, 04/25/2012 - 14:50 | 2374512 Jim B
    Jim B's picture

    Ben

     

      You s@ck, and your negative interest rates too!

    Wed, 04/25/2012 - 14:52 | 2374516 SheepDog-One
    SheepDog-One's picture

    The only way they can get stocks up from here is pure printing and pumping, and theres no benefit in that to anyone at all. Probably get a real big surprise out of left field next to turn it all on its head.

    Wed, 04/25/2012 - 14:54 | 2374521 earleflorida
    earleflorida's picture

    Question:  How does a non-elected official get to be the 'Czar of the USSA' - Simple; the European Politburo selects their faux-muppet-Patriarch.

    Thankyou Woody,... and that wonderful 2nd wifey that ran the WH all on her own! Amazing [no wonder she laughed at the proletariat while raising sheep on the white-house front lawn]

    only in Amerika 

    Wed, 04/25/2012 - 14:56 | 2374525 Everybodys All ...
    Everybodys All American's picture

    TBTF - lets cut through the bullsit. It's in the government interest to make these banks bigger because they can easily force feed the US Treasury debt on to these banks. Rather than create smaller and more 'unmanageable' bankers the Fed would rather just deal with Dimon(JPM), Sanskrit(Citi), and Buffett(Wells).

    Wed, 04/25/2012 - 15:01 | 2374541 Seasmoke
    Seasmoke's picture

    he THINKS that young people getting jobs in a stronger economoy MAY BE A GOOD THING, but we have to see.........WOW THATS A CLASSIC !!!!

    Wed, 04/25/2012 - 15:05 | 2374557 Arkadaba
    Arkadaba's picture

    "A virtuous circle"? More like a circle jerk.

    Wed, 04/25/2012 - 15:10 | 2374574 nomorebuyins
    nomorebuyins's picture

    He forgot to thank craapl for the morning ramp.

    Wed, 04/25/2012 - 15:12 | 2374576 silver surfer
    silver surfer's picture

    last Question:

    "What is most frustrating for you?

     Bernanke:

    "3 years of expantion doesn''t work....snufs snufs( ill have to go home now) "

    hahaha

    Wed, 04/25/2012 - 15:11 | 2374578 kralizec
    kralizec's picture

    Ben's a fricken genius!  Just ask him.

    BOHICA!

    Wed, 04/25/2012 - 15:16 | 2374598 blindman
    blindman's picture

    "Why Corzine, a man of great wealth and political stature, would join an obscure brokerage firm is a mystery worthy of pursuit by the FBI, which is investigating the missing customer funds according to Congressional sources. One avenue worthy of pursuit according to Wall Street veterans, is whether Jon Corzine turned MF Global into a giant parking lot for other Wall Street firms’ bad bets on sovereign debt. Fueling that speculation is the fact that JPMorgan, Citigroup and Bank of America were part of a syndicate of 22 banks that provided MF Global with an unsecured $1.2 billion revolving credit line that required no posting of collateral, despite the company’sstring of losses and weak credit rating. The firm heavily tapped this line of credit in its last days."

    .
    AlterNet / ByPam Martens
    MF Global: The Untold Story of the Biggest Wall Street Collapse Since Lehman

    There are plenty of lessons to be learned from MF Global, all of which we can count on Congress to ignore at the behest of Wall Street money until the next financial crisis.
    http://www.alternet.org/economy/155078/mf_global%3A_the_untold_story_of_...

    Do NOT follow this link or you will be banned from the site!