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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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Tue, 08/09/2011 - 14:24 | 1543291 Iriestx
Iriestx's picture

SELL SELL SELL!  FUCKING PANIC!

Tue, 08/09/2011 - 14:41 | 1543339 Michael
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.

 

 

Tue, 08/09/2011 - 14:24 | 1543292 Tom Servo
Tom Servo's picture

Dead cat bounce over, bitchez!

 

Tue, 08/09/2011 - 14:24 | 1543293 pods
pods's picture

DOWn 47 now.  

pods

Tue, 08/09/2011 - 14:27 | 1543296 baby_BLYTHE
baby_BLYTHE's picture

ZIRP through 2013!!!!???

Is Benocide intent on totally collapsing the currency?!

He must be stopped! 

Tue, 08/09/2011 - 14:32 | 1543304 HelluvaEngineer
HelluvaEngineer's picture

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

Tue, 08/09/2011 - 14:33 | 1543310 Hearst
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.

Tue, 08/09/2011 - 14:27 | 1543297 4realmoney
4realmoney's picture

Time to get some more gold

Tue, 08/09/2011 - 15:55 | 1543628 stirners_ghost
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.

Tue, 08/09/2011 - 14:28 | 1543298 radish juice
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.

Tue, 08/09/2011 - 14:29 | 1543299 JohnG
JohnG's picture

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

Tue, 08/09/2011 - 14:31 | 1543301 HelluvaEngineer
HelluvaEngineer's picture

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

Tue, 08/09/2011 - 14:32 | 1543305 OpenEyes
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!

Tue, 08/09/2011 - 14:35 | 1543319 dbach
dbach's picture

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

Tue, 08/09/2011 - 14:37 | 1543326 Cursive
Cursive's picture

Deflation, bitchez.

Tue, 08/09/2011 - 14:37 | 1543328 RemiG2010
RemiG2010's picture

Read my lips: ZERO!

Wed, 08/10/2011 - 00:07 | 1545189 StychoKiller
StychoKiller's picture

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

Tue, 08/09/2011 - 14:40 | 1543343 Silver Dreamer
Silver Dreamer's picture

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

Tue, 08/09/2011 - 14:58 | 1543426 IQ 145
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.

Tue, 08/09/2011 - 14:58 | 1543430 IQ 145
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.

Tue, 08/09/2011 - 14:59 | 1543432 IQ 145
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.

Tue, 08/09/2011 - 15:00 | 1543434 IQ 145
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.

Tue, 08/09/2011 - 14:41 | 1543348 fyrebird
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

Tue, 08/09/2011 - 14:42 | 1543353 Hedgetard55
Hedgetard55's picture

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

Tue, 08/09/2011 - 14:44 | 1543364 TapperIsTicked
TapperIsTicked's picture

FED announces-Your moneys worthless.

TAPS Interpretation-Add weight.

Tue, 08/09/2011 - 14:50 | 1543388 the not so migh...
the not so mighty maximiza's picture

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

Tue, 08/09/2011 - 14:58 | 1543429 John McCloy
John McCloy's picture

Smoke em if you got em..

Zirp for life 

Tue, 08/09/2011 - 15:32 | 1543532 Scalaris
Scalaris's picture

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

Tue, 08/09/2011 - 17:46 | 1544154 Yohimbo
Yohimbo's picture

love the token "three dissenters".  Nice touch.

Tue, 08/09/2011 - 18:10 | 1544248 TwoShortPlanks
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.

Tue, 08/09/2011 - 22:44 | 1545049 DavosSherman
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Clueless deers: Meet headlights!

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