This page has been archived and commenting is disabled.
Prayers Denied As Fed Disappoints - Full Statement Redline
And not only did the Fed disappoint, but it didn't even extend ZIRP through 2015. Sorry Hilsenrath, better luck next time
- FED SAYS IT `WILL PROVIDE ADDITIONAL ACCOMMODATION AS NEEDED'
- FED REPEATS EXCEPTIONALLY LOW RATES AT LEAST THROUGH LATE 2014
- FED SEES INFLATION OVER MEDIUM AT OR BELOW MANDATE LEVEL
- FED TO KEEP REINVESTING HOUSING DEBT TO MORTGAGE SECURITIES
- FED SAYS HOUSING SECTOR REMAINS DEPRESSED
- LACKER DISSENTS FROM FOMC DECISION
And if markets are surprised by this goose-egg according to which the September FOMC will at best be the ZIRP extension that was supposed to take place today just so Congress can sort its own mess out with the Fed, wait until Draghi confirms what we said last week: that he was merely posturing and is totally impotent without the Buba's blessing. Then you will see pain in a market which is 5% higher than where it would be absent his headfaked posturing.
Full redline:
»
- 11634 reads
- Printer-friendly version
- Send to friend
- advertisements -
Attention all ZHrs the world is coming to an end. Please convert all money to metals and get your combat gear!
Yes the world is coming to an end. But by the time it does,in about 12 billion years, humans will have been long gone, but the same amount of precious metals will still exist.
They know they already gave out trillions to the banks since the Greece default. The Fed's statements are merely algo food. They admit to QE when they want to goose things. But it never stops.
I've been convinced for several years that there exists several tens of trillions of USD's floating around the world that nobody but the Fed knows about. Today's action is further evidence in my opinion. I wondered at the time the real reason for the discontinuation of calculating/publishing M3 back in 2006 - it certainly was not the stated reason of being so cost prohibitive.
I wonder what will happen to hard assets when the curtain is ripped down.
Currently around 10 points below last night's close....bugger all.
DavidC
FED
Fucking Economic Dumbasses
Bernank is fucking pisssssssssed that Draculigula stole his script! That's why the 'no change'.
The original unedited Fed release was just uncovered!
[impersonating Marsellus Wallace] "We will do what is needed, and you, mark my word, you MARK IT, it will be enough, I shit you not" [very important to make crazy eyes and lose the quivering voice]
i was wondering what the fuck just happened. today is another good day as an example of why algo's shouldn't be allowed. this silliness each day, esp the past two days with descending channel (see tbt) it means we are going to be going down for a long time, very slowly unless the channel breaks. I hate when this happens, and the market just becomes a way for hft to scalp people.
In the bowels of Mario Draghi's offices......
"What the FUCK!....damn that beard......he pushed over to us...and all I have is my dick in my hands.....and it's tiny!"
http://www.youtube.com/watch?v=zdJ7P2OYMuY&feature=related
Money junkies aren't getting their fix..aww poor babies :(
Go Pound Sand!
13,000 ... Gingotts is happy - Potter defended 13,000. Magic *
told you niggas yesterday; its just pump an dump... til the next REAL down-fall.
I thought this time is different
Do not ask any questions...
For instance. How is the government continue to pay its bills if the Fed doesn't start injecting liquidity?
Squirrel! Look! Over there!
The "markets" are being propped up with smoke and mirrors. Who pays any attention?
If you're out, you're out and won't come back. If you're still in, you're going to get fleeced. Simple.
I have been getting fleeced, been short, since October 3rd, 2011. I am quite used to it, very thick headed since I refuse to cover.
What'd ya mean? Genworth Financial posted GREAT numbers and is down double digits!
Is Germany going to back Spain and Italian soverign debt tomorrow? No. Market will tank before anyone acts. The difference is that they will sell before everyone else does.
Hey, where's the love?
Let's see. The FED is going to continue with highly suspect policies. Homeland Security is planning for some type of martial law around election time. Europe is a corpse w/ attendant autolysis. Autolysis is the process of self-digestion that occurs within a cadaver as all this leaking fluid provides food for bacteria located throughout the body; in the lungs, the intestines, and on the skin for example. Feasting on all this food, bacteria migrate throughout the body causing it to bloat as it fills with gasses that the bacteria expel as waste
Yep, we've arrived, just in time to see the entire world implode. Should be one helluva show.
Do you think the people at Knight are worried about a sell-off at the end of the day? There are probably some QA people updating their resumes this afternoon.
Meredith Whitney:
"On Bloomberg TV this morning (July 31st) Meredith Whitney put it as bluntly as it gets — laid off Wall Streeters need to lower their expectations and take a pay cut. It's that simple."
“I think the industry goes for another 50,000. We’re already close to 200 deep…Across the board. London is as miserable as New York.”
Read more: http://www.businessinsider.com/meredith-whitney-on-wall-street-compensation-2012-7#ixzz22K8LvNhm Read more: http://www.businessinsider.com/meredith-whitney-on-wall-street-compensation-2012-7#ixzz22K8Dbzks That being said, bank stocks up today, August, 2012.Its the beginning of the end now!!! DJIA is down 15. Can we survive this?
Euro is diving right now. Revelation or manipulation?
Bernanke snooze fest.
M2 Money Velocity at Ike levels in the 1950s. Why bother doing anything? it would just reveal the hopelessness.
http://confoundedinterest.wordpress.com/2012/08/01/dr-bernanke-to-investors-how-about-no-to-instant-monetary-relief/
Hey The FED have plenty of 'TOOLS'. They all are.
Me thinks the FRBNY has it's own robo-trading division in support of the PPT!
Expect a DOW beat market the past two days.
Could be -200 and more losses.
Not at all surprising. The Fed is very close to being "outed" as utterly ineffective. In such circumstances they will not put the icing on the cake by announcing some nonense QE program that will have a half life of days at best. I think they do nothing in September as well, even if the number are sliding. The Fed needs dire circumstances, under which their actions will arguably produce actual results, and justify their existence. Lowering interest rates a few basis points and buying RMBSs is not going to cut it anymore.
And today we had that idiot Geithner interviewed on Bloomberg begging Congress to borrow at cheap rates. Like a loan shark. Couldn't listen to it while driving, since vomiting requires some attention.
Very close to being outed? That is putting it mildly! The major players at the FED, Obama, most of Congress are about to be hancuffed, dressed in orange jumpsuits, and paraded in front of the cameras for the world to see... http://tinyurl.com/cd5cyjo
And please, don't believe the fear-bot keyboard jockeys who would have you believe that for every bad man committing a bad act, there isn't hundreds, thousands, or even millions of good men observing, taking note, and preparing to "out" them when the time is right. The fact of the matter is, the FED, our illegitimate government, and the NWO has lost control over just about everything but the media. They are circling the drain, desperate, and about to be flushed down the toilet for good.
FED:MUST.... REEEINFLATE... HOUUSSINNNGG.....BUBBBBLLLLE.....
SCOTTY : I DON'T HAVE THE POWERRRR!
suprised the metals didn't get quite the usual bernanke spankie!!
Don't blame me, Ben says. The last trick is to start WWIII as soon as possible.
Don't blame me, Ben says. The last trick is to start WWIII as soon as possible.
These people are clueless, they have no idea what damage they're doing.