This is Just Too Good - Gary Tanashian

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Gary Tanashian is proprietor of Biiwii.com. Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium newsletter Notes From the Rabbit Hole (http://www.biiwii.com/NFTRH/subscribe.htm). Complimentary analysis and commentary is available at the 'Biiwii Blog'... More

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This is Just Too Good 3 comments

Dec 16, 2009 9:49 AM | about stocks: DIA, SPY, QQQ, UUP

"The story of the year was a weak economy that could have been much, much weaker. Thank the man who runs the Federal Reserve, our mild-mannered economic overlord."

Full Story.

I have held open the possibility and even probability that we have seen the lows in the markets with the passing of the capitulation last March. I have twittled (my term since before Twitter) up several scenarios, some of which are bullish for markets in nominal (not in ratio to gold) terms.

But there has also been a scenario that sees the major media - the same major media that worked Armageddon firmly into the public psyche - trumpeting the heroes of the recovery, and indeed the heroes themselves trumpeting the recovery. Now, gentle Ben is too polite to self-aggrandize in the manner of his predecessor, but Time has done it for him. Check out the slide show here.

Just as the major media giving its believers NO HOPE FOR SURVIVAL in March was a bottoming indicator... well, what the heck do you think this is? Also, how perfect is it that they have superimposed Ben's likeness on a dollar bill? The man cast against the currency he devalues to bring on the much hailed recovery.

Lest anyone need reminding of what Time had to say last year...

Themes: economy, stock market, federal reserve, bernanke, time magazine Stocks: DIA, SPY, QQQ, UUP

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doubleguns Comments (6702)

I guess he did not rate consideration for the 100 dollar bill, which will soon replace the 1 dollar bill in purchasing power.

16 Dec 2009, 10:36 AM Reply Like

H. T. Love Comments (13461)

"our mild-mannered economic overlord"

Should have said "point man and facilitator for the banksters".

HardToLove

16 Dec 2009, 10:44 AM Reply Like

Steve in Greensboro Comments (632)

In the Time cover, Ben looks like a prairie dog poking his head up out of his prairie dog hole. Which is particularly appropriate, because Ben does have his head up some sort of hole.

16 Dec 2009, 04:11 PM Reply Like