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  • "If we were to tighten policy, the economy would tank," says Ben Bernanke wrapping up day one of his Humphrey Hawkins testimony (tomorrow, the Senate). John Hilsenrath notes the striking change from the June FOMC policy statement - which said downside risks had diminished - to today's testimony which clearly highlighted the downside. "A dovish tilt towards easier money." Hilsenrath and FTAlphaville also both note another dovish tilt, the re-emergence of the "D" word - deflation. [View news story]
    O.M.G.!
    Excuse me lord,
    but the "D" word?
    Really?
    The so called "D" word has been nipping at the heals of our bubble after bubble and still one last bubble the world over!
    You have to understand that we are in a DEFLATIONARY environment, we have been since the first bar code scanner was tried and installed in Grand Unions headquarter / flagship supermarket circa 1978 / '79 ish...
    The slack in today's economy is massive, productivity has a nasty little trade off for social media / cell phone / chip makers,etc..You create a society that can literally have anything, but at what cost economically? Culturally?

    The deleveraging cycle that is STILL needed today,(sorry to jump to warp drive) but DEFLATIONARY contractions seem to be some unknowable bogey man only Ben Bernanke and his super powers can understand!
    Fallow money? Velocity of money? Ask the magic 8 ball!
    Don't you know, because he's supposed to know so much about said DEPRESSION and period!
    It's a shame how poorly we have acted, our so called elected officials who are supposed to have the countries back in times / years of crisis and turmoil.
    But we elect and reelect sad, poor examples of what centuries ago were true American Patriots!
    Where is our next George Washington?
    Bernanke?
    History will judge this massive 100 year in the making, progressive experiment an utter disaster!
    Elliott Spitzer?
    Al Sharpton?
    Anthony Weiner?
    History, in another time would have run these men out of town if they were lucky.
    If not, well just think about boiling hot tar and a pillow full of feathers, they deemed the punishment fit the crime, in such simpler times.
    We have fallen so very short of the standard they once established and nurtured.
    God save the Republic!
    Jul 17, 2013. 09:03 PM | Likes Like |Link to Comment
  • Echoing his comments from last week, FRBNY President Dudley says tapering may come later this year, but the decision will be data, not date-dependent. While private sector fundamentals are improving, any true tightening of policy remains a long way off. Expectations of a rate hike earlier than 2015 are "out of sync" with FOMC thinking. [View news story]
    Dudley and the fed are "out of sync" with reality and they are so far removed from the average working man as to make their commentary worthless to the average investor who is trying to be a good long term player in this cesspool of the progressives making!

    There is nothing that this administrations action's and the fed in particular to justify the markets levels!

    The coming re-set will be brutal and rapid in its downward trajectory!
    At some point, maybe not this year but within the next two years the 2009 lows will be tested!
    Jul 2, 2013. 02:59 PM | Likes Like |Link to Comment
  • Pres. Obama's climate plan was mostly upbeat for natural gas (GAZ, UNG), and shares of gas companies such as Chesapeake (CHK) and Cabot (COG) rose. But included in the fine print is an "interagency methane strategy" that could prompt new regulations after closer looks at the scope of leaks from gas wells, pipelines and plants. Methane, a key gas component, is 25x as potent a greenhouse gas as carbon dioxide. [View news story]
    What about the poor HARD WORKING American?
    How are we supposed to pay to heat and cool our homes with this boondoggle going on?
    Watch out young people, you think its bad living with mom and dad because you can't get a job?
    Just wait till good old mom and pop start asking for RENT money to help pay for the gas and electric, not to mention the ever increasing tax bills!
    Oh yeah, don't forget to say thank you to good old Albert Gore Jr. he will be making BILLIONS off the pain and misery of this wealth transfer called climate change!

    Looks like Cass Sunstein's "NUDGE" just became a "Shove"!
    The will of the people needs to be respected by OUR presidents, including the current one who believes he can rule by executive order!

    God help us all!
    Jun 29, 2013. 01:18 PM | 6 Likes Like |Link to Comment
  • "The China growth story is starting to unravel," says Deutsche Bank and this - not the Fed - is behind market skittishness. The PBOC's seeming desire to engineer a squeeze in the banking system is compounding the pressure. While a full-blown financial crisis may be unlikely, there remains a strong chance of a yuan (CNY, CYB) devaluation, says the team. Continuing strength in the greenback should suck even more liquidity out of emerging markets (EEM, VWO, DEM, EMB). [View news story]
    Spot on,
    the fed has been exposed for not only being untruthful,
    but more than ready to manipulate the already manipulated markets with their mouthpiece Hilsenrath!
    The entire world financial system is going through birth pangs and the progressive endgame will not be something to be cheered!

    The middle east will finally rip apart, thanks in massive part by our president and the lack of any foreign policy(Hillary Clinton was a joke, John Kerry is turning out to be deadly) and the beginnings of WWIII are here folks.

    King Dollar is going to take out the old highs and be careful because when the markets get going to the downside(margin calls / unwinding of leverage) there is nothing left for Bernanke to do but leave the inferno to someone else.
    Take profits if you've got em....
    Jun 28, 2013. 02:34 PM | Likes Like |Link to Comment
  • Market recap: Bad news is good again, as the weaker than expected final read on Q1 GDP eased Fed taper fears, pushing stocks sharply higher. All 10 S&P sectors traded higher, but energy and materials trailed amid weakness in underlying commodities. Gold prices tumbled to their lowest level in nearly three years. A stalling in the drive higher of Treasury yields also helped calm investor concerns. [View news story]
    Bad news is bad news,
    PERIOD!
    Millions of hard working Americans are seeing their standard of living being crushed under the perversion called Fed Policy!
    So bad news might be good for the greed worshipping H.F.T. and Hedge fund speculators but sure as heck is BAD news for Freedom loving Americans!
    No more garbage please, I am pushing my daily intake on this nonsense!
    Jun 26, 2013. 05:41 PM | Likes Like |Link to Comment
  • Don't settle on diversification, says BlackRock noting a traditionally diversified portfolio (60% SPY, 40% AGG) would have done decently over the last 15 years, but a truly diversified portfolio - 12% SPY, 12% mid-caps (IJH), 12% small caps (IJR), 12% MSCI EAFE (EFA), 12% emerging markets (EEM), and the rest fixed income (AGG, TLT, HYG) - would have done far better. [View news story]
    Yeah, it would have done better for BlackRock as for more expense ratio's for having owned more of their funds!
    The market, as in free market has been so corrupted by the powers that be as to be not worthy of your investment / trust.
    Its a traders market and only for the most nimble at that.
    Buy and hold was a disaster sold to an unsuspecting public, yours truly included!
    An eye opening review in yesterdays "Bookshelf" section of the W.S.J. was incredible,
    A clubhouse for technocrats
    review of the book "Tower of Basel" by Adam Lelior
    check it out
    Jun 26, 2013. 05:41 PM | Likes Like |Link to Comment
  • Market recap: Fed-induced anxiety rattled across markets, with stocks plunging to their biggest selloff this year, gold sliding below $1,300 for the first time since Sept. 2010 and Treasury yields marching to two-year highs. A weak reading on China manufacturing, which helped slam crude oil and other commodities, and reports that the IMF could halt payments to Greece added to worries. All 10 S&P sectors fell more than 1%, and every Dow stock traded red. Homebuilders were hit hard by concerns that rising bond yields would mean higher financing rates for buyers. [View news story]
    Look, this is just the fed trying to reign in some of the speculation they have created!
    There is one word that brought the world to the edge of the abyss in 2007 and it is the same moniker at work today,
    LEVERAGE!
    The level of greed,leverage today is worse than at the prior top.
    This is nothing more than the cabal getting together, looking at each other and asking,
    are we really going to sit here at new highs and try and blow one more breath into this already stretched balloon?

    This is just the warm up folks, no way is everything honky dory like the bubble T.V. empty minded mouths would lead you to believe!
    The small guy is sitting on the sidelines laughing his arse off as the mo-mo barracuda's eat each other as they rush from the leverage they have piled on, wait till the margin calls start to go out.

    This was a cyclical bull market move,(based not on fundamentals, but MASSIVE liquidity by a fed that has lost control) inside a larger SECULAR bear market that started in 2000 and was TEMPORARILY halted in 2009 by a fed that thought they could control an otherwise uncontrollable system.
    Come hell or high water,
    this system will clear and although the pain will be legion (thanks to repeated intrusions by an overreaching fed) the free market system will be back one day in the future.
    64,000 dollar question is will we see it in our lifetimes or will it be in our children's lifetime?
    The damage done is not to be taken lightly, at some point, we will take out the 2009 lows....
    Jun 20, 2013. 04:56 PM | 6 Likes Like |Link to Comment
  • Market recap: The more Bernanke talked, the more stocks fell and Treasury yields rose. While the chairman took pains to indicate the Fed isn't changing policy, the markets clearly see less stimulus ahead, sending the Dow down 200 and pushing 10-year Treasury yields to 15-month highs. High-yielding dividend stocks led decliners, with telecoms and utilities posting respective drops of 2.7% and 2.3%. [View news story]
    That's what happens when you loose all credibility and respect!
    Bernanke will go down in history with Greenspan as the two central bankers who not only killed the free market system but also irreversibly perverted our system of capitalism!
    Jun 19, 2013. 10:02 PM | Likes Like |Link to Comment
  • Behind the rise in rates and the slide in stocks is the FT reporting Bernanke is likely to signal the Fed is close to tapering at his post-FOMC meeting press conference on Wednesday. Bernanke has a dual communication issue: To signal economic improvement is leading the Fed to taper, while at the same time reassuring markets the Fed remains and will remain extraordinarily accommodative. The Dow (DIA +0.3%) is up just 50 points now. [View news story]
    And with action like this, the talking heads on all the bubble T.V. channels will be trying to get mom and pop investors to join in this horribly manipulated market?
    I can hear the likes of Bob Doll, Rich Peterson, Tom Lee and the rest of the charlatans saying this is nothing to fear, just a blip, a correction!
    Really?
    There is no economy as we all once knew it. Our free market system has been destroyed by the hubris of Bernanke and all the central bankers and their illegitimate offspring at the I.M.F.and the World Bank!
    This is not a secular bull market as Ralph Acampora was fawning over on bubble T.V. on Friday!
    We are still mired in the Secular Bear that started in 2000 under Greenspan!
    This whole move off the 2009 low's has been bought and paid for by the children and their children.
    Damn our profligacy!
    Now we are going to give amnesty to 10 million ILLEGAL immigrants?
    They will finally collapse the system ala Cloward & Piven,
    please America, wake up before it is finally just to late to change the outcome.
    Wendsday is make or break in D.C. show up, call in and make your voice heard!
    Jun 17, 2013. 04:51 PM | 3 Likes Like |Link to Comment
  • UBS thinks it may be 1994 all over again. Some similarities: The Fed's actions to reflate the economy post-2008 resemble the easy money policies that were put in place post-S&L crisis; current "lackluster" economic growth mirrors "mini-cycles"of '90-'93; 290 bps plunge in Treasury yields from '07-'12 reminiscent of 400 bps decline from '90-'94; downtrend in CPI over the past five years resembles drop from early '90s to '94. UBS' advice: Avoid "popular convergence trades" such as EM credit (EMB, EMLC), EU periphery sovereign debt (ITLT, ITLY), U.S. MBS (MBB,VMBS), and high yield (HYG, JNK). [View news story]
    1994 still had a dysfunctional albeit functioning government.
    There was the illusion of a somewhat "Free Market System" and capitalism was still embraced!
    The world is mired in a profligate, big government knows better than anyone / everyone and a Federal Reserve that has LOST all respect and credibility!
    There is no free market system left today.
    Capitalism has been replaced by the progressive chant of social justice for all.
    Equal justice and Individual rights have been perverted beyond anything remotely recognizable!
    And lastly, the rule of law has been replaced by an attempt to rewrite said laws with the Law's of Man, which throughout history has been witness to unspeakable horror!
    May the good Lord watch over this fragile little experiment in freedom / man's self rule we call America
    God save the Republic!
    Jun 16, 2013. 08:59 PM | Likes Like |Link to Comment
  • Markets get another boost as a soothing Jon Hilsenrath piece hits reminding the Fed wants us to know a taper of asset purchases doesn't mean an end to asset purchases, and a hike in short-term interest rates isn't anywhere close to being on the radar at this point. S&P 500 (SPY +1.6%), Nasdaq 100 (QQQ +1.4%). [View news story]
    Really?
    And this is going to continue until the Japanese bug finally hits the windshield!
    Then Bernanke can blame his Japanese counterparts!
    As for Hilsenrath,
    if your not part of the solution,
    you are the problem.
    This is disgusting!
    Jun 13, 2013. 04:36 PM | Likes Like |Link to Comment
  • In what must be the most expected firing of the year, Booz Allen Hamilton (BAH) has sacked Edward Snowden, the junior employee who leaked NSA documents that highlighted the extent of the agency's electronic surveillance activities. Shares haven't been too badly hit by the revelations, dropping just 2.6% yesterday and 0.9% so far today. (PR[View news story]
    Thank you Edward for putting the country above your personal comfort.
    It was something our elected officials could never understand.
    You sir are a patriot and you deserve the countries praise not scorn.
    If this was done during dubya's reign,
    you would receive a ticker tape parade with all the trappings and adulation that goes with it!
    Thankx again Ed!
    Jun 11, 2013. 02:39 PM | Likes Like |Link to Comment
  • CNBC's Jim Cramer isn't worried so much about Fed tapering anymore. He's watching the 10-year bond. "When the ten-year goes down," Cramer says, "people step in and start buying." Stocks like Whirlpool (WHR), Toll Bros (TOL) banks that are levered to mortgages. If we can get 10-year rates to around 2.01% there, he thinks we could have a big rally. (Video). [View news story]
    Really?
    A big rally?
    As if this fed induced rally hasn't been big enough?
    God help us!
    Jun 9, 2013. 10:25 AM | Likes Like |Link to Comment
  • The Television Consumer Freedom Act backlash: 1) The bill introduced by Sen. John McCain is getting lots of attention from the cable industry, uniting big cable giants such as Comcast (CMCSA) and Time Warner Cable (TWC) with smaller regional cable companies. 2) Beyond just attempting to force a la carte cable pricing, the legislation also seeks to bar broadcasters from converting to cable networks to avoid tech upstarts like Aereo. 3) The icing on the cake might be what McCain wants to do with sports. The bill calls for banning sports blackouts (bad for DirecTV's (DTV) Sunday Ticket?) and would create havoc with new "super" conferences that are banking on big cable revenue for bundled access (bad for Time Warner (TWX) and New Corp (NWS)?) [View news story]
    Really John?
    The world is buckling at the seams under this progressive nightmare which you are part of, and this dribble is what has your attention?
    Thank you for your service to "OUR" country and I respect you for it.
    But your RINO and worse yet progressive tendencies get the better of you and the country suffers for it!
    Benghazi and the cover up should be the only thing the congress should be spending time on John!
    This makes Watergate look like a joke!
    This could take down Obama and forever soil Hillary Clinton to the point of being a true pariah!
    But your work on cable cupcakes is so important John, you keep up with that....

    Lord have mercy.
    May 11, 2013. 01:43 AM | 2 Likes Like |Link to Comment
  • FOMC Announcement: The FOMC is prepared to increase or decrease the pace of its asset purchases (currently $85B/month) depending on what happens on the economic front, particularly the jobs picture. The Committee continues to expect a "highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends." [View news story]
    How about just standing pat?
    Could it really hurt to say we are going to "try" and do nothing.
    Is it even possible they ask what if?
    Lord have mercy!
    May 1, 2013. 02:57 PM | 2 Likes Like |Link to Comment
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381 Comments
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