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I would love to hear this people speaking off the record about Bernanke. I have a feeling it would be in a helluva lot different tone.
With all due respect I disagree with Kocherlakota on this issue. Monetary stimulus is still very much needed to boost this fragile recovery. At the risk of sounding like a doomer crackpot, I think last week's market move was indicative of how much the markets really depend on the wise guidance of our Fed officials.
I can see you are trolling... but are you catching anything?
MillionDollarBonus misses it by a country mile...LOL you actually believe theyre trying to FIX 'the fragile recovery'? Im sorry, but youre an IDIOT! You actually believe this is all just firemen running around trying to put out fire the best they can and rebuild?
EVERY BIT OF THIS 'CRISIS' WAS DESIGNED!!
Interesting situation we have here... when the firemen stop pumping gasoline onto the fire, all they will have left is smoldering ruins.
The building is gone.
It has been consumed.
All that the firemen have left to manage is the fire.
And 40 million senior citizens count on earning 3% more on their life's savings than inflation is taking. If you weren't joking, you're showing all the wisdom and fairness of the Bernansk.
LOL "wise guidance of our Fed officials" - Obviously they're joking.
Whaaaaat? Logical and reasonable people on the FED board? He must be a foreigner!
adjsuted for the falling Labor Force Participation Rate, Unemployment Rate hit a new HIGH last month. Using 66% LFPR (the baseline from 2005-2008; previously it was higher), UE is 12%.
'0% free money printing is bad for savers'? Wow WTF thats what a PHD in economics is all about?
Did anybody see that piece on Wolf Blitzer Tonight about gay activists demanding that some Sesame Street character out themselves as gay>>>?
My dear friends... mindfuck like this is a sure sign we are getting close to the end of western society as we know it. Just another piece in the armageddon puzzle.
Yep, and saw another report on how 'pole dancing' is the hot new rage for jr high girls in america (USAA+) today. Well I guess they got to learn some kind of trade.
Its the jewish controlled liberal press making us think this is all normal.
Racial and partisan divisions help the powers that be.
I disagree. Its not the usual divide and conquer thing, its get all the sheeple herded up nicely where they dont attack each other...so they can be easily be buggered. Of course, this does not work forever, see the London riots.
In my humble opinion, the London Riots will help pit the middle class and industrius vs the poor and dependent. When have the powers that be ever paid any price for what they have done?
who here is begining to believe that life is better as a transvestite ...poll please?
Now I know what my problem is .... I could not reconcile the sexuality of Bert & Ernie watching Sesame Street when young
Exactly, the fact that you had to keep guessing as a child caused you mental anguish.
He is wrong on every count. Right for the wrong reasons is barely better than chairsatan being wrong for the wrong reasons.
Right -- there's no such thing as a smarter, more rational central planner.
Put every one of these PhD morons to work slopping out septic tanks with their bare hands, while snarling pit bulls snap at them for motivation.
It's a start.
Still looking for the dire need for more QE...markets are fine staging 5% rises, certainly any loss is immediately recovered by next day at the latest.
5 alarm fire has been called in, fire trucks with sirens blaring are circling the block, and theres not even any smoke.
Whats going to happen in the next few days, something REALLY big and bad?
It's a sith mind trick. End the Fed!
The US is going to have ZIRP for as long as the eye can see.
Remember how ZIRP was supposed to end in 2011/2012? Yeah.
Don't make this guy out to be some kind of hero. He's full of shit just like the rest of them.
Hey, KosherDakota, I have a few questions for you:
1) Without "accommodative policy", from where will the U.S. get its next $2.4T?
2) Without "accommodative policy", from where will Italy and Spain get rescue dollars?
3) Without "accommodative policy", from where will BAC get funding to stay afloat?
I could go on and on but what's the point? This guy's a lying sack of shit douchebag just like the rest of them.
See but still people are missing it, its not about providing more and more trillions forever to 'ensure they stay afloat', its simply about ensuring everyones bankrupt enough to implode it all and come back up in a 1 world govt with 1 world currency. Youre saying the point is to find ways to keep providing 'rescue dollars to stay afloat'....Im sorry that is NOT the plan.
You think this guy is a native American. LOL.
The problem is CORRUPTION.
This is a crisis of LEGITIMACY.
Extending monetary policy measures to assist the banks and privileged classes who just don't feel like taking losses on bad real estate is MORE CORRUPTION.
Doing so in the face of macroeconomic data, as Kocherlakota suggests, is PSYCHOPATHIC CRIMINALITY.
Not marking bonds to market is FRAUD.
Are we clear?
Wait...so...Kocherlakota actually *believes* that unemployment is falling????
Benny knows better that to trust the BLS massaged figures--that is why he is keeping rates low 4EVA.
"2) Without "accommodative policy", from where will Italy and Spain get rescue dollars?"
I love 'swap lines'... We send them some our monopoly money, they send us some of theirs... More rearrangement of deck chairs aboard the Titanic...
I also have a swap lines open... I send worthless fiat to PM dealers... They send me PMs...
People still miss the point because theyve been swallowed up by 'ZIRP4EVA is the end game'....BS....we're far closer to the real endgame than people think, that is when everyone is sufficiently bankrupt, the rug gets pulled from under it all, and of course the only solution to the dire world situation is 1 world govt, 1 world currency.
Manufactured Dissent - This gives the impression that both sides are being considered.
Controlled opposition, same as in the media and politics. WWE pro wrestling is the model. Everyone fights and scraps and flips each other, after the show they all go out together for beer and chicken wings and jalapeno poppers.
You got it, SheepDog. Why is it so transparent with WWE, but the plebs can't see it when it's the FED or the phony left/right paradigm? I think CD is right...it's cognitive dissonance. It's too painful to consider that we have been fooled so easily. That all of our previous beliefs and our faith in the system or a particular party was equivalent to picking one pro wrestler over another.
Unemployment has fallen since November?
The unemployed have 'fallen off' the unemployment rolls...
What the chairman says, goes.
The others are there just for decoration-agree with 11.11, dissent looks good, like this was a hard decision.
75% of the rotating members voted against Bernake
Come on, I cant have the last bastion of sense lose it now...ALL of this was by design, theyre not trying to 'FIX' anything! The collapse was designed, the economic implosion was designed, the bank bankruptcies were designed, all to collapse it all and bring it back under central bankster total control under 1 govt and 1 currency. Wake up!
"Things do not happen. Things are made to happen." - JFK
So markets are now shooting up because the extreme volatility means everything is just fine and it is risk on. OR just blatant fabrication by TPTB.
Stay away from this roller coaster, the wheels are rattling and running out of track real soon.
"Since November, inflation has risen and unemployment has fallen"
And this Indian guy's name reads like Kosher Lakota. Maybe he is a different kind of "Indian". Reddish that is. ;-)
LOL... Kosher Lakota!
Though I do have some nice Lakota Silver Rounds for sale. They aren't listed on my site but if you ask in an email I do have still around 25 to sell.
Hey... if you know a business that accepts Gold and/or Silver have them register on my new site!
The three dissenters leave the FOMC at the end of the year and dont come back until 2014. Low rates to stay then.
Interestingly 75% of the rotating members voted against Bernake
To sum up: QE2 didn't work, caused inflation, and wasn't anywhere near as batshit crazy as what the Bernank thrown on the table this time around.
Bennie B should never play poker...the mofo can't bluff to save his life.
How do you know is bluffing? How do you know he isnt stupid?
Believe me a lot of economists still belive in more prininting.
Its just a shame that the 3 members who are starting to realise QE is counter productive are leaving the FOMC.
It's not really "ZIRP4EVA".
It's ZIRP 'til currency or economic collapse, which is no more than a couple of years away - at most.
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