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| User Info | FedSpeak Proves Correlation *AGAIN* in forum [Ticker] | ||||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1629-F....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-11-16 12:56:50
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Maddymax Posts: 1790 Incept: 2008-02-26 
not sure anymore
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he just basically said he sees no valuation problems, look out this is about to go parabolic
---------- All Incumbents must go
2009-11-16 13:03:46
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Max2205 Posts: 56 Incept: 2009-03-06
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"mandate to foster both maximum employment and price stability" LOL, Ben has done none of the above....SPX -60% to March, Up 67% to today....He is trying to get the little guys and others wiped out in this market
2009-11-16 13:11:07
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Jjm Posts: 153 Incept: 2009-11-10
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It looks to me like they want to keep the dollar index at 75 or higher. If Bernanke can achieve that goal by running his mouth, why not? The other alternative, jacking rates, would not make Chris Dodd's pals very happy, now would it?
---------- "In a mania, all investments are at the mercy of the greater fool. As in: if you can’t find one, you’re it." -- Alex Daley
2009-11-16 13:14:48
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Maxi Posts: 83 Incept: 2009-10-13 Lander, WY
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Did anyone else notice his body language and fluctuations in voice? I have watched him since 2006 and he was not the same today, appearing nervous, anxious, unsure; all signs of a liar! Beneath the surface, I believe that he is terrified and sees what is coming.
2009-11-16 13:27:07
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Yaldor Posts: 1430 Incept: 2008-05-17
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Yes raising rates will actually make the economy better by removing the inefficientcies that low rate allows (Carry trade being the biggest butt not the only one) low rate promote undue risk taking and all sorts of leverage based arbitrage that has nothing to do with actual investment (I define true investment as something that actually produce income - not just a place to park money) ---------- For every crash the probability of someone showing that he predicted it is near 1 . For every prediction of an imminent crash the probability of it being correct is almost zero Last modified:
2009-11-16 13:32:20 by yaldor
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Curbyourrisk Posts: 1891 Incept: 2008-08-19 Long Island, New York
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Did he say no valuation problems or no valuation? Sounds like deflation to me.....I will second that opinion. ---------- Hopium: hope filled delirium preached by the White House and Swallowed whole by the American Sheeple. Why is Franklin Raines a free man? "We saved the world from disaster" - Ben Bernanke - Jackson Hole 08/21/2009 
2009-11-16 13:31:39
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Waverider Posts: 2785 Incept: 2007-12-23 Chicago
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He can say anything now because he knows later he can just say sorry. There are no consequences for him.
2009-11-16 13:31:46
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Tank Posts: 313 Incept: 2007-12-14 
Seattle Area Suspended
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KD, could it be that they are afraid that writting off the debt will mean retaliation by our foreign lenders?
---------- "A danger foreseen is half avoided." -Thomas Fuller (1608-1661)
2009-11-16 13:48:07
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Coolhandluke Posts: 5637 Incept: 2007-12-19
Out of the box
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Quote:appearing nervous, anxious, unsure; all signs of a liar! My method is easier. I just look to see if his lips are moving. ---------- It's not that I'm lazy, I just don't give a **** anymore.
2009-11-16 13:56:02
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Imaboomerdropout Posts: 163 Incept: 2009-09-13
NY
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Maxi, got a link to the video? Thanks
2009-11-16 13:57:54
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Steelhead23 Posts: 389 Incept: 2008-09-09 Portland OR
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Just a quick comment on the Fed's willingness to put junk on its balance sheet. If, as you state, neither underlying Fed statute or law, or new specific legislation authorizing TALF or other programs, specifically allow the Fed, on behalf of the people of the United States, to acquire assets that carry a higher risk than debt issued by the United States Treasury, why should the people of the United States be obligated to ensure that the Fed itself does not go broke? This may seem like an insane question as nobody should want the U.S. central bank to go broke - but, if in fact, the Fed has engaged in unauthorized risk taking, I believe that the people of the United States could disavow such debt. That appears to be the choice on the horizon. I know that Geithner and Bernanke are working from the same playbook - but at some point Geithner may have to make a decision - is he working for Wall Street and its billionaire's club or the United States. So far, its all Wall Street and the billionaires. ---------- short em all - let God sort em out!
2009-11-16 13:58:01
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Baldy Posts: 6555 Incept: 2008-05-16
Pittsburgh
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September 17, 2008 Quote:“We have lost control,” said Hale, quoting Bernanke. “We cannot stabilize the dollar. We cannot control commodity prices.”http://archives.chicagotribune.com/2008/.... ---------- FY2011 Budget - Hist'l Tables (PDF 2.0 MB) http://www.whitehouse.gov/omb/budget/fy2011/assets/hist.pdf 1996-2011 budgets: http://www.gpoaccess.gov/usbudget/browse.html
2009-11-16 14:16:17
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Maxi Posts: 83 Incept: 2009-10-13 Lander, WY
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Imaboomerdropout, no video link, as I watch it live. Sorry!
2009-11-16 14:18:34
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Striker754 Posts: 142 Incept: 2009-07-09
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gen, Do you have a link to a larger chart with DX and SPX on it?
2009-11-16 14:20:20
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Imaboomerdropout Posts: 163 Incept: 2009-09-13
NY
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Maxi, Yeah, did a search, apparently not recorded. LOL, I know you stood up and shouted "YOU LIE" right?
2009-11-16 14:23:35
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Anti Posts: 1289 Incept: 2007-10-09
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Steelhead, I have been trying to think about that same thing. I am wondering what a failure of the central bank would look like. I don't know enough history to make analogies. As far as Geithner doing what is in the best interests of the American people, Hell will freeze over first. I almost pray for a terminal illness so I can spend my last days hunting down him and his ilk. ---------- Health is better than health insurance http://gerson.org/ Over the past 60 years, thousands of people have used the Gerson Therapy to recover from so-called “incurable” diseases such as cancer, diabetes, heart disease and arthritis.
2009-11-16 15:24:42
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Icecastle Posts: 692 Incept: 2008-10-15
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It sounds as if the Fed is creating a bias toward oil and gold going up, in addition to an upward stock market. While this policy is clearly bad for the country and must, in the long term, face unpleasant corrections, it appears that there is money to be made on the long side for now. The only proviso being that one must be deft enough to make a timely exit.
---------- Mala tempora currunt. 
2009-11-16 17:57:14
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Eleua Posts: 9907 Incept: 2007-07-05
N 47.72/ W 122.55
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Quote:It sounds as if the Fed is creating a bias toward oil and gold going up, in addition to an upward stock market. While this policy is clearly bad for the country and must, in the long term, face unpleasant corrections, it appears that there is money to be made on the long side for now. The only proviso being that one must be deft enough to make a timely exit. I keep thinking, every time I hear about gold and inflation, that the WS bankers would just love to have all us try to hedge ourselves against inflation by shorting dollars and buying assets. Why? Because the banks have been trying to get out of their dollar shorts and asset longs for two years. Pulling the mother-of-all-headfakes would fit that nicely. I just can't accept that the bankers want to inflate. ---------- http://clearcutbainbridge.blogspot.com/
2009-11-16 19:02:06
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Eugenioca Posts: 17 Incept: 2009-08-12
italy
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sorry, wrong thread
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2009-11-17 07:05:46 by eugenioca
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Waverider Posts: 2785 Incept: 2007-12-23 Chicago
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>I keep thinking, every time I hear about gold and inflation, that the WS bankers would just love to have all us try to hedge ourselves against inflation by shorting dollars and buying assets. Except that poor warren buffet also got into this ruse ? He has sold enormous amount of puts and bought railroad by splitting shares that he never had done before.
2009-11-17 19:18:34
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Laura Posts: 3153 Incept: 2008-05-05
Florida Space Coast
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warren's been reading shipping reports - global and local we gotta eat and if gasoline is pricey it's gonna be shipped the CBs want us to do anything but buy gold ditto IMF - that's for sovereigns only don't ya know all sovereigns devalue the currency - all times, all places, no exceptions ---------- Karl's just a shill for Big Math. 1LumpSum Honey, where's the AK ? Tyler Durden My Ford focus can get me from point A to point B just as good Tigger's Cadillac. And my back door window is not broken. Mliu
2009-11-19 02:39:05
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