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More Fed "Bad Cop"

Tyler Durden's picture




 

Bernanke telling the world the Fed will ease any time there is a stock downtick is the 'good cop.' Which means there needs to be a bad cop to pretend that the Fed actually cares about more than just 10-20% red candles in the Russell 2000, and to give the impression of a balanced Fed. Last week it was Plosser (who simply regurgitated his script from March 2010). Today it is Dallas Fed's Fisher. From Bloomberg:

  • FED'S FISHER SAYS U.S. ECONOMY IS IMPROVING
  • FED'S FISHER SAYS U.S. ECONOMY IS IMPROVING
  • FED'S FISHER SAYS LATE 2014 INTEREST RATE PLEDGE WILL NEED TO BE ADJUSTED
  • FISHER SAYS FED SHOULD `SIT, WAIT AND WATCH' ON POLICY
  • FISHER SEES TIME OF `SURVIVAL OF THE FATTEST' NOT FITTEST
  • And finally: FISHER SAYS FED HAS `DONE ENOUGH' IN EASING

All great stuff, and truly Oscar worthy, in the daily Fed theater. Also, all 100% irrelevant.

 

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Mon, 04/02/2012 - 09:02 | 2309257 fonzannoon
fonzannoon's picture

I wish someone would ask him why he owns a massive amount of a certain etf tied to a certain store of value that would be unneccessary if he truly feels the way he claims to.

Mon, 04/02/2012 - 10:48 | 2309571 Pinto Currency
Pinto Currency's picture

 

The world is swimming in 10 exp 12 of this and that from all of the central banks.

Now they are mumbling about maybe going to rehab.

So what - the damage is already done and the currencies are toast.

Mon, 04/02/2012 - 10:57 | 2309603 King_of_simpletons
King_of_simpletons's picture

The charade is getting a little tiring.

Good cop, bad cop Fed.

Bipolar Fed. 

 

Mon, 04/02/2012 - 15:41 | 2310422 AlvarezEarnestine7
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my best friend's sister makes $63/hr on the computer. She has been out of work for eight months but last month her pay was $18250 just working on the computer for a few hours. Read more on this site...   http://goo.gl/2tEsp

Mon, 04/02/2012 - 09:02 | 2309258 francis_sawyer
francis_sawyer's picture

Let the pigeons loose!

Mon, 04/02/2012 - 09:02 | 2309259 Moneyswirth
Moneyswirth's picture

Yes.  And Osama bin Laden's body was thrown overboard, somewhere in the Atlantic.  With all the proper Muslim rites and so forth.

 

Mon, 04/02/2012 - 09:08 | 2309277 SheepDog-One
SheepDog-One's picture

Yep they said 'Hominah hominah hominah' and threw him in.

Mon, 04/02/2012 - 09:03 | 2309260 GeneMarchbanks
GeneMarchbanks's picture

'FISHER SEES TIME OF `SURVIVAL OF THE FATTEST' NOT FITTEST'

I see more bullshit Herbert Spencer-isms are being applied, not surprisingly.

Doesn't matter what you conclude if the entire philosophy is based on a false premise.

Mon, 04/02/2012 - 09:03 | 2309261 cossack55
cossack55's picture

If someone appears on CNBS, it is a given that 95% of the guests are propagandists.

Mon, 04/02/2012 - 09:05 | 2309264 israhole
israhole's picture

Got that right!

Mon, 04/02/2012 - 11:15 | 2309648 smlbizman
smlbizman's picture

you mean like bart chilton who will have his own show soon...

Mon, 04/02/2012 - 09:07 | 2309271 SheepDog-One
SheepDog-One's picture

'Survival of the fattest' so hes saying you better store food for whats next.

Mon, 04/02/2012 - 09:07 | 2309276 urbanelf
urbanelf's picture

Wait... if the economy is improving, doesn't that mean we will need more fiat to fascilitate all those new transactions?

Mon, 04/02/2012 - 09:08 | 2309278 Jason T
Jason T's picture

Fisher is a broken record about QE from 2010 news search http://www.google.com/#q=fed+fisher+no+quantitative+easing&hl=en&tbs=cdr...

Mon, 04/02/2012 - 09:08 | 2309282 kito
kito's picture

fishers comments no more relevant than bernankes consistently empty hints, innuendos, intimations and promises for more qe, which WILL NEVER COME THIS YEAR. bernanke enjoying the slow receding of inflationary pressures that will allow him options post obama re-election..................

Mon, 04/02/2012 - 10:52 | 2309587 WhiteNight123129
WhiteNight123129's picture

ok, so I guess no chance of Spain getting in any sort of trouble. How about the corporate sector of Spain? How about the households in Spain with Mortgages rates given where the 10 year Spanish bonds are trading at? What is the likelihood of Spain getting ugly this year, and what is the likelihood of Fed forced to ease if it gets ugly?

 

Mon, 04/02/2012 - 09:13 | 2309291 Poor Grogman
Poor Grogman's picture

The fed antics should be adapted for a Dr Seuss book,

How to have fun with funny money

Mon, 04/02/2012 - 09:16 | 2309294 lizzy36
lizzy36's picture

Well it is always good to start the week with irrelevant Fed PR speak.

Mon, 04/02/2012 - 10:22 | 2309483 DeadFred
DeadFred's picture

They have a tightrope to walk this week. The bonds are sold today and a bit tomorrow. But the trends lines for stocks are pretty close below. The trouble with a ramp-up like we're seeing is a few days of flat is all it takes to move the index to the edge of the cliff. Tuesday PM sounds like a good time for the big guns and have Ben yada-yada about 'the prospects for special measures'.

Mon, 04/02/2012 - 09:23 | 2309313 SwingForce
SwingForce's picture

Anybody who thinks these morons have any influence on Chairsatan's decision, is wasting their time reading about it. Bernanke says it, Dudley does it. The rest is noize.

Mon, 04/02/2012 - 10:09 | 2309400 slewie the pi-rat
slewie the pi-rat's picture

paste: All great stuff, and truly Oscar worthy, in the daily Fed theater. Also, all 100% irrelevant.

not even sponge-worthy relevant???

a sponge might come in handy in the fiatFountain0fungibility...

and to think there had been a concern about the FED exporting food inflation...

Mon, 04/02/2012 - 10:04 | 2309428 MFL8240
MFL8240's picture

If this economy is doing so well as Fisher says, why the need to tell us?  Believe nothing this group says!

Mon, 04/02/2012 - 10:05 | 2309433 BudFox2012
BudFox2012's picture

Does it really matter what the Fed says anymore?  It seems as though all their transactions are done in secret these days.  Transparency, if there ever was such a thing at the Private Federal Reserve, is now completely gone.

Mon, 04/02/2012 - 10:10 | 2309447 Benjamin Glutton
Benjamin Glutton's picture

obesity is in baby!

Mon, 04/02/2012 - 12:45 | 2309914 alfred b.
alfred b.'s picture

 

   At least on the Titanic, they did have a few lifeboats;  but rest assured that when U.S. Federal Reserve titanic starts sinking, Fisher and the other rats from the fed and treasury will be jumping onto a brand new yacht way before this ship of fools hits bottom.

 

  Buy physical gold and silver!!

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