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Oops: Fed Extends POMO Closing Time By 15 Minutes
What's wrong Brian Sack, couldn't get the bank syndicate to collude fast enough on the latest criminal OWIC?
Source: NY Fed
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Thanks Brian, I needed a few more minutes to buy my SPY 121 W calls.
Ha ha, likewise. Thanks for the POMO, aaaannnnnnndddd it's gone.
the Fed should also extend the maturity of their toxic junks, by 200000 years or so.
100 year bonds coming right up with a 25 bps yield. Right after greece 1 years hit 180%... err wait, damnit, already passed that...
Steve was in the restroom
Of course it has...
Just postponing the fade for 15 minutes.
You do know it is AAPL earnings day today? The cannibal feast of capitalism for 161 hedge funds and 58 global banks.
I'm not afraid of AAPL. One of the things about feasts is eventually everybody gorges themselves then somebody is the first to take a shit.
The feast always leads to the vomitorium.
criminals, that's the word.
these PPI/CPI numbers are going to make Ben raise rates.
CAN'T WAIT
in another time, another galaxy, another dimension, a different reality, even then, no friggin' chance. zirp forever baybee.
you mean their target inflation rate
Raise rates? The only thing Bernank has going for him is 3 years of 0% rates, thats it.
Sutton, you dont get out much?
They add in a smoke break...
Thats why the market is so ... bizzarre - of course gold and silver stocks tanking the most while SPX melts up on POMOs. When is this charade going to end ??? I thought july and august had broken the back of the people running this stupid trade but looks like i was wrong.
No one has any liquidity and they need to dump their bonds.
The problem is bids are are too low and keeping the interest rates from skyrocketing is a modest problem.
Hard to inject liquidity when what you are buying is worthless, and there is a lot of it.
These fucking assclowns have 2 mandates and they've fucked them both up like some idiot groom who fucks the stripper.
Mandate 1: Maximum employment. The only way they can get it to 9.2% unemployment is to Enron the numbers.
http://www.shadowstats.com/imgs/sgs-emp.gif?hl=ad&t=1317994862
Mandate two: Stable prices.
http://www.shadowstats.com/imgs/sgs-cpi.gif?hl=ad&t=
If anybody failed as hard as Bernank has at their dishwasher job, theyd be fired the first day!
Bernanke's only tool is to print so he prints.
The problem now is not monetary but fiscal. That means idiots in Congress and Whitehouse needs to actually do something.
But lobbyst have neither of Fed's mandates. Their only mandate is make rich richer.
Not all true, his last Bazooka in his pocket are interest rates.. and that's a small Bazooka at this point IMHO.
Who can pay higher interest rates?
Now do you guys believe what I been telling you about the secret society
of Jewish Chinese-Canadians?
The Soy Vay Society?
http://ecx.images-amazon.com/images/I/31NQmpksKOL._SL500_AA300_.jpg
Jews know where the money is....in China. Already making claims of relevance to take over banking there. Unlike europe, they have one problem: they don't look Asian.
Chinese will never let Jewish Bankers get a foothold in their country, they are absolutely paranoid about Jews. Chinese are smart.