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More Fed "Bad Cop"
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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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.
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.
The charade is getting a little tiring.
Good cop, bad cop Fed.
Bipolar Fed.
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
Let the pigeons loose!
Yes. And Osama bin Laden's body was thrown overboard, somewhere in the Atlantic. With all the proper Muslim rites and so forth.
Yep they said 'Hominah hominah hominah' and threw him in.
'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.
If someone appears on CNBS, it is a given that 95% of the guests are propagandists.
Got that right!
you mean like bart chilton who will have his own show soon...
'Survival of the fattest' so hes saying you better store food for whats next.
Wait... if the economy is improving, doesn't that mean we will need more fiat to fascilitate all those new transactions?
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...
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..................
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?
The fed antics should be adapted for a Dr Seuss book,
How to have fun with funny money
Well it is always good to start the week with irrelevant Fed PR speak.
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'.
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.
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...
If this economy is doing so well as Fisher says, why the need to tell us? Believe nothing this group says!
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.
obesity is in baby!
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!!