This page has been archived and commenting is disabled.
Stocks, Precious Metals Spike On Report Fed Considering "Sterilized" QE
Update: yup. It's Jon "Mouthpiece" Hilsenrath all right. This is nothing but a test to gauge if the market will ramp on the clarification that future QE may be sterilized. If market ramps regardless, the sterilized clause will be ultimately eliminated. Full story link.
Original:
While we have yet to see the actual report, almost certainly emanating from Jon Hilsenrath, it appears that the QE3 rumormill has started, initially with speculation that the Fed's activity will be merely "sterilized" or more Twist-type purchases, unclear however if in TSYs or also in MBS. Via the WSJ:
- Fed Officials consider "sterilized" option for Future bond buying
- Operation Twist Reprise, QE Other Options For Fed Bond
- Still Unclear Whether Fed Will Launch Another Bond-Buy
As a reminder, yesterday we said that according to the EURUSD, the implied market expectation is for a $750 billion QE out of the Fed. However, that is for unsterilized balance sheet expansion. If the Fed goes ahead and does not grow its balance sheet (hence "sterilized"), it may well be EURUSD, and thus risk, and gold, negative, as no new money will enter the market for actual speculation. Which perhaps is precisely what the Fed is planning, as every incremental dollar now goes into Crude first, and everything else later. In other words: this is a very big risk off indicator as no new money will be available to pump up stocks, and all this will do is try to make longer-dated yields even lower, an approach that has proven to be an abysmal failure to date.
This also means that while the ECB is borrowing ever more and more tricks from the FRBNY Goldman team, such as massive Discount Window usage, the Fed is now using the ECB playbook when it comes to selective easing without generating inflation - the US goes German. Of course, there is no such thing as truly sterilized intervention, as ultimately the Fed will merely fund the banks indirectly in some other way, to give them the dry powder needed to sterilize and generate the required ROEs without which their stocks would plunge.
This move may have to be faded:
From the WSJ. INFLATION word count 9:
Federal Reserve officials are considering a new type of bond-buying program designed to subdue worries about future inflation if they decide to take new steps to boost the economy in the months ahead....The aim of such an approach would be to relieve anxieties that money printing could fuel inflation later, a fear widely expressed by critics of the Fed's previous efforts to aid the recovery..... If growth or inflation pick up much, officials seem unlikely to launch a bond-buying program because the economy might not need the extra help or because doing more could spur higher inflation. The Fed's approach to a bond buying program matters a lot to many investors. More money printing could push commodities and stock prices higher, or send the dollar lower, if it sparks a perception among investors that inflation is moving higher, said Michael Feroli, an economist with J.P Morgan Chase.
Fed officials have used different types of bond-buying programs since 2008. In each case the aim has been to drive down long-term interest rates to spur investment and spending by businesses and households. In case they decide to act again, they're exploring three different approaches, according to people familiar with the matter. Those approaches are:
• First, they could use the method they used aggressively from 2008 into 2011, in which the Fed effectively printed money and used it to purchase Treasury securities and mortgage debt. The Fed has already acquired more than $2.3 trillion of securities in several rounds of purchases using this approach, widely known as "quantitative easing," or QE.
• Second, the Fed could reprise a program launched last year in which it is selling short-term Treasury securities and using the proceeds to buy long-term bonds. This $400 billion program, known as "Operation Twist," allows the Fed to buy bonds without creating new money.
• Third, in the new novel approach, the Fed could print money to buy long-term bonds, but restrict how investors and banks use that money by employing new market tools they have designed to better manage cash sloshing around in the financial system. This is known as "sterilized" QE.
The Fed's objective under any of these programs would be to reduce the holdings of long-term securities in the hands of investors and banks. The Fed believes that reducing the amount of long-term bonds in the hands of investors drives down long-term interest rates, encourages more risk-taking, and thus spurs spending and investment by households and businesses.
The differences between the three approaches involve where the money comes from and where it ends up. The Fed hasn't literally print more money, but it has electronically credited the accounts of banks and investors with new money when it purchased their bonds under quantitative easing. The Fed has pumped more than $1.6 trillion in new money into the financial system this way, and has also rejiggered it existing holdings, as part of its bond-buying efforts.
- 16111 reads
- Printer-friendly version
- Send to friend
- advertisements -



Two words; "head fake".
It is either that or Bill Gross has been right all along.
My Take On Andrew Maguire’s Silver Arrow
http://dont-tread-on.me/?p=14386
Where are these 'unsterilzed funds' to come from?
I thought that by June, the income from previously bought bonds (twist) wont be sufficient to buy up the newly issued bonds, and that therefore 'unsterilzed' buying (QE) will have to recommence.
Jawboning to inflict pain on shorts IMO. Probably better get used to it.
Wow....so Ben is both impotent and sterile now? Maybe that means he'll stop raping the middle class.
This is too easy.... release the rumor and watch the suckers flock in. Of course they have no other option than to print, but by giving verbal resistance to the idea, they try to keep inflation in check.
Truth is we're fucked.
Vive Le Sterilizacion!!
That just makes him mad, so he'll use a broken broomstick instead.
Who gives a shit, Big East Tourney is on. <slight sarc>
That won't happen.
Interesting that in the case of bankers and the government "sterilization" means preserving toxicity.
ignorance is strength
They sterilize to prevent conception. In this case they sterilize to promote deception.
Sterilized QE ?? Oh man, now they're just making shit up.
Subscriber...solid piece I saw it this morning.
I think Bill Gross is about to be right all the way to the bank. And to a far lesser extent, PTTRX fund holders. I was suprised to see PIMCO vote against triggering CDS, then bitch about their own vote afterward. Makes me think they know something, playing both sides of the issue like a goldman squid.
BG is no dummy
Gross is levered long on mortgages, right?
ZIRP is QE. Free money for the PDs and no soup for you.
One word: "perplexed" What happens when we see this word?? Did we see this word in '08? Why, yes, yes we did.
are those the algos that react that quickly to rumors?!
Yup. Except the headline parsers just read FED CONSIDERS QE. Damn quoted adjectives like "Sterilized" don't get included in the linguistic context.
Gotta love the rumors. After a selling day like yesterday the Ponzi welcomes any "help" it can get.
I thought too much risk taking and people living way beyond their means was what got us into this mess in the first place...and the Fed is promoting this? Wow, we're royally fucked.
Not too loud son or the natives might hear ya.
The fed has been promoting it for 100 years. They have just been turning up the dial.
"My risk is different than your risk. All I ask from you is to take a risk on my risk. Someday I'll let you know what that risk is."
B.S. Bernanke
This one goes to 11.
Crap, my shorts will have to wait till June for another triple digit down day. I heard this phenomenum only occurs once every quarter now. Thank you Benny and Timmy and Bammy.
+1 Spinal Tap
Nah, sterilization is where they make 10 louder with a cold sore. 11 is coming though.
yeesh, my head is starting to hurt from it all
"Sterilization" is an ECB trademark, please pay up.
Thanks Benocide, you sure helped my oil position, it was looking a bit weak until this news broke.
Look at the other benefit too... we practically filled the gap down/up on market indicies and volatility in 1 morning. This is developing nicely....
Wow a 20 point drop in S&P yesterday and we need a QE rumor rally. Somebody must be real nervous...
Theyre totaly screwing themselves by not allowing even a bit of reality into the picture....no one with any real money is going to buy into this crap ever again!
Bank stocks took it in the teeth on Tuesday. We can't have that shit! Our banks are too fragile to allow their stock valuation to melt.
STERLIZE THIS FUCKERS...
Unbelievable...
slewienomics indicates that t: "sterilization" is always and everywhere a temporary monetary phenomenon
it is the economic equivalent of the physical science relativity principle which i shall incorporate here for the thankless fuking task of enlightening those who dwell in fiat darkness, to wit:
imagine a big turd of printed fiat shit-money speeding toward the rotary oscillator at a relatively constant velocity: Vturd
now the "sterilizer" grabs the fan and moves it opposiotionally away from the approaching fiat turd and a velocity which, due to utter hypocrisy and lies + a fat bankster ass, can appraoch, but never equal the appraching monetary mud-pie of fiat stink
then, zeno, the sterilizer holding the fan and "moving" it at Vz < Vturd, realizes that in this dimesion, you cannot outrun yourself, as peterSellers knew so well, and yes, BiCheZ, the shit eventually hits the fan, because that thought, being real, actually stops zeno b/c he really knew it, all along
no shit, sherlock! gold and silver are really pretty good money for the money, BiCheZ!
If vz < vturd then the oscillator will eventually be excrement-stricken. Got it.
Appreciate the shit slinging mechanics tutorial.
more rumors!!!! hopium abounds!!!!! pms pump and dump here we come!!!
Market up 75...total BS.
It's not QE until you say its kuey.
just like i said earlier this morning - the bernank is fueling up his helicopter
spx is just doing a fibonacci retracement on yesterday's move. it will prob come up to 1355ish. it will continue trading in a downward channel
maybe the fib lines work on a down-channel, not much luck with it on the last 90 day up trend
Then maybe a leg down tomorrow, just to hit 23.6% at 1,335 (12/19 - 3/1)? I can't see 38.2% at 1,310. We are sitting at SMA200 on the hourly. Otherwise a lot of noise. (Alternative is to revisit the trendline from 10/3 and 12/19-20 which was confirmed with the Thanksgiving dip at the end of November?)
Hey big boy! Is that another fake QE rumor in your pocket or are you just happy to see me?
Proving once again that the entire market is a complete abomination. Just ridiculous.
So ultimately, all this talk about economics and what is really driving the titanic Fed is all about managing perceptions?
That is ALL it is.
Every good con needs an engaging cover
did you hear???!!! laura told barbara that she overheard jane tell pete that maria heard directly from bobby that he will ask you to the prom!!!! Isn't that great!!!!.......lets go pick out your prom dress!!! I hear you can buy it on credit!!!!!!!
The Fed wants 0% interest rates for the next 2 years, they must and will buy!
Go ahead! Lets make this clownshow interesting, lets see what happens when oil shoots over $150! Bring it on!
hey sheepdog, remember just a couple of years ago when oil went all the way to 32 bucks? Don't understimate the power of unlimited amounts of buying and shorting power, nor the herd mentality if the bottom drops out again.
Not this time. 2012 is a far different wasteland than good old 2009 was.
Hey Fisher, here's the patient's heartbeat after being shown the next money syringe.... your opinion is useless and your thinking is very quaint and "old world" it would seem.
LMAO at this: "Third, in the new novel approach, the Fed could print money to buy long-term bonds, but restrict how investors and banks use that money by employing new market tools they have designed to better manage cash sloshing around in the financial system. This is known as "sterilized" QE."
They are grasping at straws, praying for a hail mary. They are panicking.
'Yea see we'll print this money, and tell you EXACLTY what you will do with it'.....GEE as long as its not all 100% fascist or anything...
Grasping at straws totaly.
Yep. In other words, major capital and price controls.
Without the ever-elusive velocity, they're still pissing in the wind...
Restricted how? As in being forced to keep the new money in an audited mattress? Who would cough up their long bond under such bullshit conditions when they could sell it on the open market?
yes. They are not seeing the economic activity that their ZIRP led them to believe would come. Instead they are seeing oil go up up up and gold and corn and everything the fuck else....except housing. Meanwhile industrial metrics slide.
Demand isn't being stimulated, additional lending isn't happening. Their world is upside-down and they can't figure it out.
If they want to restrict things, just reinstate Glass-Steagal rules. The Fed is at some point going to have no choice but to force its member banks, even da Squidz, to work like it does- as a UTILITY. Either way they can't print oil, but they do not appear to know that yet. I wager that very few geologists or engineers work at the Fed.
They're all economists.
They are not seeing the economic activity that their ZIRP led them to believe would come
outside of their own banks, any such economics does not concern them
Instead they are seeing oil go up up up and gold and corn and everything the fuck else
yes. do not like to compete against their own cheap money likewise being used on commodities
by others. anyone else. anybody but them, owning their gold, which they now control and soon own. all of it
....except housing.
who can afford it
unemployed
Demand isn't being stimulated
they never intended it to be
their customers. consumers. all busted-out
additional lending isn't happening.
they never intended to lend
except to each other
through one another's banks
where they are each counterparty to the other
over money which don't exist
yet are their own counterparty profits
over profits which don't exist
exceptin their own minds and on paper
over what quadrillion don't exist
yet is owed--------->only to them
so . . . has to be stolen
as transparently as it is transnationally
now stolen right under everyone's nose
over the whole western world
00000000000000000000000s
except for what's left of its only use to them
000000digital figures0000000
soldiers.bodies.blood.boots-on-the-ground
troops. eqipment. materiel. military. force
West v East
might makes right
as they rip-off and to-shreds, everyone
everything
everywhere
West, in roiding up on all the gold they'll own
v for soldiers.bodies.blood.boots-on-the-ground
East sino-zion syzygy, already aligned
dropping 000000000000000000s
financial products. smartbombs
Their world is upside-down and they can't figure it out.
upon last facing east, for the first time . . .
crusades.constantinople.venice.marcopolo.thesilkroad
. . . they likewise emerged fully oriented
with all their figures rounded to the nearest hemisphere. western
Economist's theme song...
Frozen liquidity? Genius!
Now why didn't I think of this first?
I don't know, they could threaten these "investors" with a Corzine like vaporization. just saying.
Might want to sterilize those headline scanning algos first, or the douche bags that plant the headlines. No fears, Obama will be out in about 20 min condemning those "evil speculators (that we let run free cause if we shut them down real price discovery will be achieved and the ponzi will collapse)".
Man the amount of desperation is growin by the minute and that exponentially :)) most likely they KNOW the PSI DEAL is DEAD and need another ramp to sell! Volume is ZEROOOOOO!
if this is all the "ramp to sell into" that they can muster....it's time for them to fuel the G6 and amscray with the olgay.
Sterilize, vaporize, transitory, rehypothecation...the hits just keep coming.
Bovine scatologized.
More QE? Well who'd have thought it!
Timmy's $1.3trillion in new debt issuance this year won't just buy itself. Some assistance from Ben's Heidelbergs will definitely be required.
Just totaly fake....but HEY go for more QE Im bored lets get some excitement up in here with some $150-$200 oil! Lets go!
If the idea here is that the twist won't work because there is no new money in circulation than why have the markets rocketed up since the original Twist started?
Why have QE when rumor is enough to give the algos a boner? Nothing has changed in months.
More Carrot and Stick economic model. 1 SPR tap rumor, 1 QE rumor= stock market boner....objective completed.
Something wicked and vile this way comes....
Isn't considering sterilized QE a step back from considering QE?
As long as 'QE' is in the scripted pre-planned headline, objective completed. Algos read and pop stocks...days work done.
If true, Central Banks are turning to more exotic policy options. Once again, it shows they are ill prepared to contain tail risks, since they are making sh*t up ad hoc.
Listen to Volcker, if you loosen your inflation policy, by massaging inflation expectation, and underweighting the probability of real inflation, then you risk the worse of both outcomes:
HIGH inflation;
HIGH unemployment
===================
the GREAT STAGFLATION
Volcker didn't matter. There is no Saudi Arabia to rope into our monetary regime at this point.
The petrodollar was the New Bretton Woods and it relied on swing production capacity from Gulf States like UAE, Qatar, Kuwait, and KSA to establish itself. THAT is what brought the inflation under control, the understanding that you would STILL be able to get something for a dollar!
"There is no Saudi Arabia to rope into our monetary regime at this point."
There's Canada, no? Already been done?
Hell will freeze over before they adopt the Yankee Dollah. We will soon be buying loonies.
xcuse
but looney's thinking that canada is somehow separate
Canada can't produce 9mbpd...ever
fair point, though back bacon for breakfast is good for keeping the midwest going 'til lunchtime. It's always good to get your eggs from more than one basket.
You can't sterilize being caught between a rock and a hard place.
Once somebody in a position to manipulate the markets has done it once, it's like crack cocaine, you can't stop, because power is addicting. So they have to keep "fine-tuning" the process.
But now, you keep "fine-tuning" and slowly realize that printing, manipulating and arm-twisting have consequences. So you keep screwing with it some more, and so the price of gold keeps going up, because you can't "fine tune" gold.
You either have it, or you don't. A gold mine takes 5-10 years to develop. Gold either goes up, or it goes down, cuz you can't print it. Sure you can manipulate it quite a bit with worthless paper contracts. But, once people start seeing through the charade, it's pretty much all over.
People have been saying that for years now TPTB can carry on manipulating the market as long as they want , the people who trade papper gold are in on the game and they are making a lot of money from it , if you were in the loop would you stop trading paper ,I think not . So this game will just keep going , even if there was no physical left they can keep it going and as for all the shorts JP Morgan has do you really think they give a fuck about covering them I think not. There are no rules in America anymore.
Your Gold/Silver is worth what the banks say it is.
Price and value are NOT the same thing.
Besides, ALL valuations are individually subjective. Anything is worth exactly what I determine it's value to me to be at the time. What you're discussing is preference for cash vs a preference for PMs at a given price as determined by the paper market.
Which... just happens to be far lower than what I determine its value to be to me. Just like it has been for the last eight years.
solipsism<------->economics are antithetical, immediately excluding the very idea of the other
. . . ALL valuations are not individually subjective : Water is worth exactly what I determine it's value to me to be at the time . . . ?
Life may be not only the ultimate but only value, yet your life at any next moment is worth/less what any next being feels it to be, nevermind the PTB
try it and see
call evelyn, and tell'im you're comin over to finally fix, london-like, the true value of rules,guns'n'gold
n/a<------->duhRothschild
although, Life, inside or in-the-ground, maybe you might get to decide exactly what U determine it's value to me to be at that time
well . . .
feelin lucky
punk
same old same Benocide ... when will someone lock him up?
NO NO NO TYler.... Sterilized QE ?? Wtf does that mean ?? They extract reserves while keeping short term rates at 0 ? Another scam like the "Twist" which was a QE... Amazing it took only one day of a selloff that could evolve in waterfall to bring out the clown rumors and ponzi patrons
Wrong. Only thing that matters is if Primary Dealers get one incremental dollar as part of more "easing." This is ALL that matters.
That my dear "Tylers" summs it pretty much up! Without the FEDsters banks would be DEAD and the "rich" would shop at Big Lots! :)) Eventually they will have to, anyways!
So when the PDs flip bonds to the Fed T+1 after auction, that is easing? When the Fed swaps currency to the ECB so the ECB can flush their banking system with fiat, that is easing. So they are easing, is that what you are writing?
Tyler talks funny.
Just another headfake to get us past initial invasion of Iran....this is all just a puppet show.
The WSJ article, instead of saying "The aim of such an approach would be to relieve anxieties that money printing could fuel inflation later, a fear widely expressed by critics of the Fed's previous efforts to aid the recovery."
should read:
"The aim of such an approach would be to own every mortgage in the country that is part of a mortgage bond"
Central banksters quietly buying up every bond, stock, and mortgage in the world while saying 'We're working to save the economy, we're doing Gods work here, trying to save you'...LOL
instead of being a tool, get your claim tickets. Do what they do.
Ooh, sterilized, it sounds so clean and pure. Implying that FED pumps in the past weren't so clean...maybe even dirty?
sterilized for any new QE means it will be 'clean and pure'.
The former, unsterilized version of QE is to be seen as virile, potent, fruit-bearing, lion libido
++good?
Makin' it rain.
Finally, the Goldman model for fraud begins to be uncovered. And Greece is the puzzle piece that will complete the picture.
Zero Hedge has been exactly right that the Greek default is going to be much worse than they say. Greece is going to bring down the international financiers. The Greek default is going to make Lehman look lame. They’ve finally overstepped their criminal manipulation of governments. It’s one thing to cheat individual investors by lying to them; it’s another thing to cheat entire nations of peoples.
Make that three or four continents depending on where you think Asia stands as of this point in time. Argentina, Ecuador, now Greece and clearly most of the EU nations are in line.
The entire thing continues to slow roast and people who think there will be a 'trigger event' are deluded.
Good observation. Down slow or down with a trigger, is still down. Either way, it has to be done.
Greece will NEVER default, because if they did it would bring down the whole system and thats NOT going to happen.
We're so boned...
Yep. Not real physical dollars, just numbers on a computer screen.
Digi-dollars, as I like to call them.
The best friend of the Central Banker cabal - digital currency.
Of course, why go through the expense of actually printing and dispensing money?
Right-o! Especially when you get all of the lovely "transitory" inflation associated with raw printing.
Less time spent running the presses, more time spent buying up all physical and real property as you possibly can.
After all - isn't that what the past three years has been all about?
Bernank is putting on sterilized rubber gloves and dipping into the KY jar....bend over!
First of all, Fed implicity stating that QE was targetting inflation and NOT growth.
Second, inflation transmission mechanism is more than anything crude.
Finally:the fed is destroying the US faster than any terrorist ever could.
Pssstt...Lizzy36......
I hate to be the one to break it to ya.....The FED "is" a "Terrorist".
They know that it's SHTF time in Greece tomorrow, so it's ramp time today. Gotta keep those indexes as far above their 200 days' as possible. I feel so very sorry for my children.
" I feel so very sorry for my children" Then do somthing about it like stop paying taxes and grow some balls.
I STILL haven't seen anyone give me a way of doing that that won't involve me getting thrown in jail and my house taken away. Neither of those is good for my children in the short or long term.
Inflation means fiat is deteriorating at at least a 10% clip worldwide. Who cares about all the mumbo jumbo the Fed and ECB says when the fact is every single good and asset you can't hold in your hand that doesn't store wealth is worthless.
Of course there is incremental dollars even if "Sterlized". The Fed overpays for bonds when buying, under charges when selling, and telling the banks "Keep the change!"
Feel safer at night...putting money into a fund?
"HOUSTON (AP) -- Investors taken in by Texas tycoon. R. Allen Stanford expressed relief and a sense of vindication after a federal jury convicted the jet-setting financier of swindling them out of more than $7 billion. But they said the verdict will never replace the loss of their life savings.
"He sentenced them to a life of hardship and poverty, and they have no chance to ever recover from what has happened to them," British retiree Kate Freeman said in a telephone interview from her home in Antigua. She lost $820,000 in Stanford's Ponzi scheme. "I don't think (the verdict) will make a lot of difference with regard to victims seeing any money any sooner."
http://finance.yahoo.com/news/investors-stanford-verdict-wont-restore-08...
"Risk off"?? Well, if that's the case the market sure doesn't seem to following your line of thinking. Bouncing nicely today with dip buyers grabbing all they can before another strong BLS report on Friday.
Idiots.
Third, in the new novel approach, the Fed could print money to buy long-term bonds, but restrict how investors and banks use that money by employing new market tools they have designed to better manage cash sloshing around in the financial system. This is known as "sterilized" QE.
Schemers. The more they tinker, the more tinkering is needed. Such is the slippery slope of a managed economy. Unfortunately for us, history demonstrates the schemers never win.
Lucy pulls the football from Charlie Brown every time.
Charlie still falls for it every time.
Club Fed issues a statement with "QE" in it and the algos go into stampede mode.
Always good for a chuckle at the club Fed brunch.
Tyler, you nailed it yesterday with the 750 billion Fed move.
Oh, to be an academic. So the actual amount of money printing doesn't matter, only the spread or differential to other Central Bank whores does.
An endless loop of money expansion, within loose parameters. It really is QE to infinity.
And Reinhart told us the other day that the check on this, rising oil prices, actually will spur Ben to loosen MORE.
Buy precious metals- and don't be here when WHEN it all comes down. No One Here Gets Out Alive.
No its not QE to infinity its print imaginary money out of thin air, hand to central banksters to buy up every bond, stock, and mortage in existance...all while saying 'We're doing it to save you'...and one morning everyone looks around and wonders how it is theyre broke while the 'elites' have just pulled off the biggest robbery in world history, owning the world outright themselves. Enjoy, peasants.
You just hit every nail in the entire universe on its head!
This is the "Moral Suasion" part of the Fed's mandate. They gonna "Suase" you into thinkin' what they wants you to think. Let's face it, everything they do has been and will be a failure. We jus be have'n tuh do what the massa wants us doin.
How I hate these "people" and their stupid games.
Cue the Fed Manatees for the next rumor in the rumor machine!
http://www.southparkstudios.com/clips/103666/idea-balls
Wow, silver is really taking off today and I'm lovin it.
I think Bernanke missed the chapter in his Ph.D thesis, whereby margin compression due to high, higher and highest commodity inflation causes JOB LOSS, not GAINS.
Somone should take the time to explain that to him.
Also screw the depression, someone should teach Bernanke & co about social instability, and the price of food and gas. See the arab spring for how this works.
Jobs that paid $50-60k 10-12 years ago, being re-shored for $25k. Meanwhile USD has lost 45% of its value and consequently fuel prices have gone up 400%.
The defination of insanity is doing the same thing over and over and execting a different outcome.
Technological developement will make up for margin compression. Also, so will a monopoly, hence why the Fed's PDs are proxy outfits of the House Banking System in the regulation of the Fiat Ponzi.
This is what is so astounding to me. How could he not know, unless what he wants is the same outcome.
Do you think they actually care?
Where is the best place to track food prices?
your local grocery store.
Or your local gas station.
Damn you beat me to it.
I should have know better...
What happened to the twitter bomb idea?
If Twitter was bombed with "FED ends QE program" would the market tank?
If Twitter was bombed with "Fed launches QE3" would the market rally 10%?
Exposing the farce of the market should be priority #1.
'No new money for stock speculation...big 'risk off'....well maybe, but for now hockey-helmeted algos are having a great time playing with their new QE cat turds in the sandbox anyway.
This is just too much. A 1 day sell off brings rumor of QE?
It's tough being a bear in these crazy times.
So what will the shrill be on Friday morning as the NFP release shows massive employment spike due to seasonal adjustments?
Now we get Hopium style great economic improvement news, PLUS QE rumors too! And throw in some 'tap the SPR' rumors as well! Fell down the rabbit hole into Fantasyland, and now just fell down another mineshaft from FantasyLand to who knows what this shit is! Hell?
Is "sterilize" just a new word for "laundering"?
"Not all who launder are washed"
Can't we just get the nuclear war on already?
This is getting droll and boring.