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There's Your Official Warning From The Fed
And in lieu of any rumors out of Europe (they have all been exhausted, plus nobody believes anything out of the doomed continent), here is our own Fed with its best attempt to talk the market up, via Bloomberg:
- ROSENGREN: CRISIS MIGHT WARRANT COORDINATED ACTION BY FED, ECB
- ROSENGREN SAYS FED SHOULDN'T BE DISSUADED FROM TRYING TO HELP
And yet:
- ROSENGREN: CENTRAL BANKS CAN'T SOLVE ECONOMIC PROBLEMS ALONE
So who steps in: aliens?
Lastly:
- ROSENGREN SEES `CLEAR STRESSES IN SHORT-TERM CREDIT MARKETS'
- ROSENGREN SAYS HIS FORECAST ASSUMES EUROPE `MUDDLES THROUGH'
- ROSENGREN SAYS ECONOMY CREATING `NOT AS MANY JOBS AS I'D LIKE'
- *ROSENGREN SAYS GDP GROWTH `NOT WHAT I WOULD LIKE TO SEE'
- ROSENGREN: ECONOMY SHOULD `BE PICKING UP' IF NO FURTHER SHOCKS
Risk about to ramp. Fade to follow. Rinse. Repeat.
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QEd
By the way, who the Fuck is Rosengrins or whatever?
Boston Fed Chump, I mean President.
This little tidbit was all the momo markets needed to go green for the day. What a joke.
Awwwww tu ut uhhhhhh, cant....stop..... the .....jizzing......its all so bullishhhhhh aawwwwww
Rozengreen, Greenpand, Gliethner, The Bummah ...
I have more confidence In The Captain... Bill Shatner ...
I thought Rosengreen and Gildenstern were dead.
I get the joke...thought about posting it myself...but most here are not going to appreciate it.
Game and Match...
Only this time it's not just something in Denmark that's rotten.
Well played now take this letter back to the king of France for me would you please. You will be greatly rewarded...
I knew there had to be a valid correlation somewhere.. S&P goes up for 92 days.
Will do. Just don't ask me to deliver a letter to the King of England.
Just need a little juice to keep this flowing until Santa Claus can take over. Oh it's coming, never ending spewing of the forthcoming santa claus rally will be happening in 5, 4, 3....
Thought the same thing. http://www.federalreserve.gov/aboutthefed/bios/banks/pres01.htm
Looks like someone is being groomed for higher visibility - either to move up, or to take the blame.
Mr Rosenpenis. Partner of John Cocktoasten.
Fletch.
Colleague of Dr. Rosen-Rosen.
Another jewish academic who thinks they know what the fuck they are doing with the economy? Honestly, why are the majority of the members of the FOMC jews? I dont think the interests of the blacks, asians or hispanic population are represented on this committee, though we got the Big O at the helm.
http://thezog.wordpress.com/who-controls-the-federal-reserve-system-part-1/
i don't think the interests of humanity represented by FOMC, including a large percentage of "Jews".
Rosengren is a Swedish name, not a Jewish one.
>> Rosengren is a Swedish name
Do not get in the way of Jew bashing if you know what's good for you. Understand where you are. ZH is great, but the peanut gallery is flush with people who hate people.
Thank you for that.
I agree, ZH is great. It's the pussies above and below that are the problem.
Just another Jew.
Euro bonds are coming soon. I've been waiting for them for two years. I'm actually impressed the ECB held it together this long without the Euro bond system in place.
yep, Aliens bearing bailouts will save us
They will save us. the s&p will be positive in about 5 min.
5 minutes. Right. It took 10. Try again next time.
CBO Director Doug Elmendorf admitted to Senator Sessions that in the long run the stimulus will shrink the economy. He testified at a Senate Budget Committee hearing that the stimulus will indeed “be a drag on GDP” over the next ten years. Any diligent student of history already knew that, but now we have the “gold standard” of budget and economic scoring to affirm that self-evident truth. Nevertheless, fear not, the stimulus will have a stimulating effect in the short-term. That’s why we are enjoying a robust annual average GDP growth of…..1.4%.
We have met the enemy and it is us...
o no
They'd (The Fed) better not be using my tax dollars to purchase Greek, Italian, Portuguese and French bonds. How far removed from 'No Taxation Without Representation' can you get?
These sociopaths should be thrown out of office and ruled ineligible for re-hire, forevah.
They are....and they will buy more....and you will never be told...
what crisis? S&P still at 1250. oil over $100. we have crisis at 900 (or the fed likes to think so).
You mean crisis at oil = $900?
Surely 'German taxpayers' is the intended correct answer?
Almost correct. "all taxpayers" is the correct answer. If the central banks sit by and do nothing, be assured the politicians will open the checkbook.
haha, all the central bank needs is a little cooperation from the "working class."
Washing dishes, cutting lawns, bailing out Europe - is there anything those illegal Mexican aliens can't do?
We come in peace. Take us to your bond markets.
Zombies will save us.
Rosengren is in the same la-la camp as that fucktard Evans...we should reduce their salaries to the national average and see how they enjoy the "deflation" they claim to see...
Martians. The Martians are coming.
Krugman was Right.
QE infinitymotherfucker
One laser blast of by land, two neutron bombs if by sea.
Don't shoot till you see the whites of...umm...their ahhh...hmm.
Look at Drudge today...some Russian lady had one in her Freezer for two years......lol
We'll make great pets.
http://www.youtube.com/watch?v=HpkmtweNQ-U
I keep telling everyone that the Martians have expressed interest in investing in the EFSF - so buy the rumor!
These FED officials must have bought stocks at the high of Nasdaq bubble and bought houses during the housing bubble. They want to cash out.
Banks? They'll need tanks.
Aliens are waiting for this to end so they can take over the empty planet. Cue Bonzai7
you're close! this planet is actually a farm, and we're all bred as a food source! we come in low fat, high fat, white meat, dark meat! just add human helper, simmer, and enjoy!!!!
"""""""""""""""So who steps in: aliens?"""""""""""""""""
you'd be surprised to find out just how many are actually expecting this, no kiddin
If Krugman says it in the NYT, it must be true.
They don't manage expectations for nothing
I'm voting for the Annunaki/Marvin the Martian ticket in 2012
What 'crisis'?? I see markets around 15% from their all time highs....theres a crisis we're looking at?
CNBC has been saying for months there will be no recession, we're all fixed. In fact every media outlet says we're definitely in great shape, basically never been better. So wheres the crisis!
All time high measured in.....tadaaaa, dollars.
Cue chart of US Dollar Index since 1973:
http://www.chartingstocks.net/2009/09/chart-of-the-us-dollar-1973-2009/
Eupore will "muddle Through", China will have a "soft landing", the US will have "slow growth". Which trader"s, pension plans, hedge funds, etc etc are buying into this crap? anyone? Bueller? bueller?
I'm sure Barton Biggs is 90% long right now
b-b-b-b buyyyy, Bushwood????
How 'bout a Fresca?
How would you like to mow my lawn?
His name was Mitch Cumstein.
the world needs ditch diggers too
With modern machinery (aka capital) it takes a LOT less people to dig a ditch than it used to. Hell, I only see like 5 people working when streets are getting repaved.
Gambling is illegal at Bushwood, sir, and I never slice.
For 30 + years the baby boomers dutifully pumped their money into the pigmen's pockets.
That money has been stolen and what is left is being devalued in a frantic attempt to maintain the illusion. It was all one big Ponzi scheme.
They fell for this nonsense...
EF Hutton commercial
http://www.youtube.com/watch?v=SX7ZEotoFh0
What ever happened to E F Hutton?
As a result of several mergers, the remains of E.F. Hutton are now part of Citigroup, although on January 13, 2009, Citigroup itself announced that it would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith Barney, which was formerly a division of Citi Global Wealth Management.
Chuckles... Global wealth management. You can't make this up.
SUCKERS!
Yeah, and that wasn't the only gambit the boomers were suckered into:
http://www.fedsmith.com/article/3112/looting-social-security-pretaxing-baby-boomers.html
Question is, whose wealth
And thats all any QE talk will be....simply TALK.
What a fucktard. How many jobs did QE1 or QE2 create? I seem to recall next to none, unless I forgot to count jobs in China as helping the US economy.
No jobs in China. Just inflation. In China. India, Vietnam, UK, Europe, Australia, NZ, f'ing everywhere.
Good luck to all people in solving the coming challenges ahead. Time for R&D that is always fun and so is the Interwebs to rapidly share solutions.
quite a few actually, in Lybia.. hired to take out Daffy so they could attempt to prevent oil from running away on them while they print print print.. looks like it might not be working though.
ET phone home, bitches.
Rosengren must have spoken with the NBA players union..... those players are not earning any income due to the strike....they've got to figure out a way to have their investments prosper.
NBA players are demanding that the NCA-CB create an NCA-FSF to monetize the debt they took out to buy their 100,000 sports cars, McMansions and gaudy tailored suits. They are demanding 32x leverage on gold necklace collateral worn to press conferences to permeate the myth of American prosperity.
'Banks cant solve the problem alone'...What? Since when did a bank solve any problem at all ever? OH wait I get it he meant to say TANKS!
Haha. Yea, if anything it seems like the banks created all of the world's problems along with everyone who was along for the ride when it was good for them.
With the Christmas shopping frenzy days away, and the credit card companies once again lending to the un-credit worthy, everything will be just fine.....
"...everything will be just fine....." until they have to pay the minimum in January.
Who said anything about making payments?
I know this is going to sound really naive, but seriously maybe this is all just jaw boning to keep some air in this bubble for a little longer. The shorts are scared to death to go in and it doesn't take much of a threat from the Fed to keep them passive. It just seemed to me that in the last couple of speaches that Bernanke gave, without directly admitting he was wrong, he acknowledged that QE had caused a commodity price spike.
All in All good news....i was wrong s$p positive in 4 min not 5
...and this will be twisted into being bullish right?
Vix flipped negative and Dow "flipped" positive..................all fixed for today !
Classic Cognitive Dissonance - the simultaneous discussion about an on going recovery and the need to step in and intervene to help support a slowing economy.
and the market happily laps up this bullshit every.. single... time.
So which is it? Are we in trouble, or recovering? It can't be f*cking both you morons.
What a joke.
Every.Single.Fucking.Time.
Any public figure who is "willing to help", "ready to lead" or "prepared to step in" demands the highest level of scrutiny
Man the printing presses.
Get ready for more STAGFLATION, bitchezzz!
Wow this news just makes me want to go out and purchase $40,000,000 in Bank of America stock.
It takes a few key strokes to create capital out of thin air. Then it takes a few more keystrokes to 'revalue' that capital and make it worth more than reality ever would.
Funny you should mention BAC. According to the lastest 13f...guess who the was biggest buyer of BAC stock in the last quarter at 143 million shares? You'll never guess...none other than C. That's right, that C, as in Citigroup...go figure.
Yep, American Citizens have lots of Money to bail out the Banks and Europe too.
Take everything they have, so our Banks do not lose a penny on their Euro debt gamble.
Translation:- R SEES `CREDIT DRYING UP'
- R ASSUMES EUROPE `SURVIVES'
- R SAYS ECONOMY 'NOT CREATING JOBS'
- R SAYS GDP GROWTH [CENSORED]
- R: ECONOMY SHOULD CONTINUE TO EXIST, AS LONG AS IT DOESN'T NOT
Isn't this all just a way of talking around deflation? If so then why aren't PMs falling?
R sees IMF loan shark business 'drying up'
R assumes eurosheeple remains faithful in europonzi
R says economy 'not creating enough bonuses for the top 1%'
R says GDP growth 'must be monetized', demands Fed to 'stay ahead of the curve', blames 'irresponsible hawks'
R says economy 'cannot be guided by invisible hand'
and there goes the market wide rip fest predicated on the Feds promise to fuck the nation right in the ass if the DOW closes the year below 12k.
It is obvious that the time for peaceful protest is done...time to move it to the next level.
Market's green we're back in Oz Toto.
and oil just spiked to a new high...but there is NO OBVIOUS SIGN OF INFLATION...since wages are still declining.
haven't you got it? In this age of super reaganomical kleptocracy; first world wages NEVER go up, first world bubble financial assets do, and in geometric bubbly progression. That's the Mantra of the age, and don't ever say.....atchuuuuuummm to it! Or the fed will get madder and print harder. Commodities are part of asset bubble, and never mind if the demand dies, OIL price never dies in this age. Its programmed to spike and spike and....atchuuuum!
on the bright side, it won't only be germans losing all their money in this fiasco...we will throw some of our money down the drain as well
Are their any adults who have ever worked for the Fed?
I'm not a virgin but I will step in - if it will save the village.
Doh! Sorry! I'm at the wrong precipice of fiery hell and doom.
Goddammit.
Well, the machines liked it.
70 point move up already on the Dow in the last half hour.
Shame they don't understand that the Fed is NOT going to QE3 with stocks still over 12,000 - Bernank isn't going to do that until there's another crisis, for me that means the Dow down near 10,000, S&P back at 1040.
DavidC
Oh Thank God, the FED can buy the S+P at 1259, saving our bonus
That explains the walk up in equities. More open talk about global financial crisis.
It's Bizarro World bullish!
Aliens discussing among themselves. Why should we help. Let the poor bastards figure it out. We will come back in five years time and see how it has worked out. Maybe use all their natural resources. Ha Ha Ha!!!
Sarkosy: "convinced Italy will return to growth"
Fed's Lacker: "expect US to grow @ 3.5%"
Fed"s Rosengren: "europe will muddle trough"
Fed's Waller: " us gdp forecast 3.5%"
Aren't they blowing their load all at once? or is this the grand finale of the firework"s show
sarkozy couldn't tell cheddar from comté, he is in the zerogovt brigade now; what a gadget man he has turned out to be. I'll fix it, I'll fix it, speedy gonzales. Now it's been fixed as bunga Berlu is gone but the fix is deeper in dipshit than in dimsum and its hitting spanien.
Never mind...he'll fix it, like he fixed greeeeeeeeeeeeeece.
ROSENGREN SAYS: "ENSLAVING HUMANITY TO SERVICE BANK DEBT IS ESSENTIAL"
ROSENGREN SAYS: "FINANCIAL ELITE NEEDS SHOES SHINED AND BACK BY 8"
R says 'White House must appoint debt czar to deal with the debt crisis, endorses Greenspan as his choice'
R says 'concerened not enough new novice investors entering mutual funds'
R says 'economy must find innovative ways to resume house flipping'
R says 'gold standard would be a total disaster, preposterous to believe dead metal will create price stability'
R says 'a new war is a no brainer in terms of job creation and industrial production'
bailouts and rumors of bailouts
the markets rise to transfer air money to us, our real money to the soon to be in hell oldidorks! just remember, what MF Global did by confiscating accounts, will now spread like wildfire! you won't see any of those crooks in fema camps! IT"S FOR US PEOPLE, WAKE UP, TAKE YOUR MONEY OUT........NOW!!!!!!
Exactly what Ive been telling people, get your money OUT of the reach of these crooks!
Hell even Gerald Celente just got ass-raped by MF Global!
So, just wondering how this new government exists in Italy. It is just a bunch of unelected bankers running the show....huh?
I know that is the reality everywhere, but shouldn't they at least pay lip service to the quaint concept of an elected government?
ALIENS: HURRY UP, CRASH, AND DIE. WE NEED YOUR PLANET.
ALIENS: DON'T MAKE US MAD. YOU WILL NOT LIKE US MAD.
Is this the preliminary 3 oclock rumour to send the market soaring?
OT:
http://www.infowars.com/obama-signs-off-permanent-us-military-presence-in-australia/
BREAKING!! Aircraft carrier USS Bankster spotted off shores of Frankfurt (home of ECB HQ). The deck is covered with printing presses.
although they worship satan, they have no idea how long an eternity is! and no, you cannot bribe God with gold!
This is awesome.
Because if the FED wants to become the ONLY issue for the 2012 election it should definately help rescue Europe.
Four day school weeks for American (winning the future) kids, and the fed bails out Europe.
You really can't make this shit up.
Of course not. But never would he get the idea that central banks can't solve economic problems period, and should thus get out of the way.
END THE FED
Would someone explain to me how people like Bill Gross can say the Fed is out of bullets. Am I missing something here? The Fed have the ability to create endless USD out of air, or just hitting the enter button. How can they be out of ammo? They can print to fuck'n infinity and they will... that's the only solution to the lowering the true value of US debt other than a default which they will never allow. Am I wrong here, please tell me?
With all due respect, I do believe that you may be not wrong, but mistaken. The problem that Bernanke had during QE2 when last the printers were at full capacity was that none of the money flowed through to the economy. Too much of it went directly into the paper commodity markets and artificially ramped up the price of everything you need to make anything. That caused huge margin compression for manufacturers, and gutted the discretionary income of all we little people. Not what a struggling economy needs. I think that thanks to sites like ZH when the price of things starts to rise when there is no latent demand to be found anywhere,people are beginning to connect the dots. That's my HO if that helps at all.
Thanks Smithy. Makes total sense to me, but I still find it very hard to believe that Bernanke and company will not run the presses full tilt to generate any type of inflation that will destroy the dollar and value of US debt.
the R2K is luffing sails
that $22+ spread in the brent/wti now = ~~$9;)
somebody shoot an albatross?
round up the usual suspects: merkozy?
This guy could be Fed chairman if he were smart enough to know that he was supposed to make this announcement at 3:45 for maximum tape painting!
more bad news for you Repuglican/libertarians/NAZI uber nationalists.....your boy Bernannke is already excuse mongering to plow another multi trillion dollar injection of your hard "earned" debt created fiat currency to those eeeeeeevil furrreigners.
i guess deregulating Glass Steagal whereby your corporatist overlords created $1.4 quadrillion in TOXIC CDS/CDO in the "free market" dark pools is coming home to roost. you must sooooo happy.
sniiiiiiiiiifff.....ahhhhhhhh....i can smell the "LIBERTY" from here.
The FED should sit on it's hands for at least a year and shut it's mouth. It's done enough.
So who steps in? The military.
Shut the banks, cancel the debt, and hold back the hordes...it's going to get ugly!
:(
this is like the scenario in "the good the bad and the ugly".
The good is China, the bad is USA and the ugly is Euro.
The good tells the ugly to dig and dig, and then shoots the bad into the hole.
Are we in that movie..? Cos the ugly is digging and digging very deep...
and the bad is getting nervous that the body in the ditch will be his TBTF banksta bunch sucked into contagion hole.
This looks spot on script. Who falls first into ditch is labelled "bad". Then the film goes "THE END", and the good guy rides away with the gold. Leaving the ugly standing, hanging in mid air.