NO QE3 - FOMC: "Exceptionally Low Rates Through Mid 2013" - Complete Statement Comparison, Dissenters Increase To 3

Tyler Durden's picture

Full June-August redline.

Nothing substantial except that the "exceptionally extended" language was pushed to mid-2013.

Dump time.

FOMC RedLine

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Iriestx's picture


Michael's picture

I told you there is going to be fucking QE3 100% guaranteed! What the fuck is it about what I just said don't people get? Am I not speaking English?

Just give it a few more weeks to kick in.



Tom Servo's picture

Dead cat bounce over, bitchez!


pods's picture

DOWn 47 now.  


baby_BLYTHE's picture

ZIRP through 2013!!!!???

Is Benocide intent on totally collapsing the currency?!

He must be stopped! 

HelluvaEngineer's picture

2113 is already priced in, so this won't matter.

Hearst's picture

According to Bix Weir theory a collapsing currency is what The Fed wants.  


-Implosion of the derivative bubble


-Destruction of all paper & electronic money


-Destruction of all paper & electronic debt


-(Re)Introduction of new Gold / Silver backed currency.

4realmoney's picture

Time to get some more gold

stirners_ghost's picture

This policy statement isn't bullish for gold. The precious metals thesis is predicated on monetary inflation/QEinfinity

Every policy action has been aimed to stave off deflation. Now, no further action. Do the math.

Perhaps The Fed wishes to keep its political powder dry for TARP3.

radish juice's picture

They should have said that the rates will stay at 0 until a financial reset happens, wherever that is. That would be the correct way to interpret today's mess. However they woudl still technically be correct of the reset happens after mid 2013. In fact Fed could have been a spokesman for rest of the Western governments.

JohnG's picture

Adjust securities holdings as appropriate ----- > leaves room for OT2

HelluvaEngineer's picture

Loaded up the IRA with FAZ.  I feel good about my long term investment.

OpenEyes's picture

Damn, I couldn't get ZH to load for about 15 minutes, had to get the info from MarketWatch..

I felt so dirty over there!

dbach's picture

Speaking of dump time, ZH - please invest in some more robust servers!

Cursive's picture

Deflation, bitchez.

RemiG2010's picture

Read my lips: ZERO!

StychoKiller's picture

The "bps" on yer avatar, is that "Bernanks per second?"

Silver Dreamer's picture

Right on queue, the market is tanking.  But... but...  It's just human emotions and daily fluctuations, right?

IQ 145's picture

Fuckin Bond chart; I can't "read". It looks like somebody threw spaghetti on the wall. What a fucked up day.

IQ 145's picture

Fuckin Bond chart; I can't "read". It looks like somebody threw spaghetti on the wall. What a fucked up day.

IQ 145's picture

Fuckin Bond chart; I can't "read". It looks like somebody threw spaghetti on the wall. What a fucked up day.

IQ 145's picture

Fuckin Bond chart; I can't "read". It looks like somebody threw spaghetti on the wall. What a fucked up day.

fyrebird's picture

I imagine the thinking was that The Bernanke could not announce QE3 from the pulpit of the FOMC for fear of roiling FX trades in a potentially lethal way.

They'll do it on the sly. It's about getting more $$$ into the banks anyway, and extending loans to Euroland, none of us will see a dime, so they don't have to let us in on the deal.

Looks like it's time for the US economy to die.

What comes after? I guess we'll know soon enough.

-- fyre

Hedgetard55's picture

Wow. cheap money got us into this mess, it will surely get us out, right Ben???

TapperIsTicked's picture

FED announces-Your moneys worthless.

TAPS Interpretation-Add weight.

the not so mighty maximiza's picture

i guess no snorting lines off hookers asses in the hamptons this weekend you toughguys

John McCloy's picture

Smoke em if you got em..

Zirp for life 

Scalaris's picture

God Damnit Ben - Where's - My - Fix ?

Yohimbo's picture

love the token "three dissenters".  Nice touch.

TwoShortPlanks's picture

Well fuck-me!!!!!! I haven't been saying for 4-5 fucking months that the Fed will not print again until a flash fire (massive contraction of credit) went through the system.

DavosSherman's picture

Clueless deers: Meet headlights!

chinawholesaler's picture

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