might conclude this week's statements by Bernanke ("No
taper"), followed two days later (Friday) by St Louis Fed President
James Bullard ("Possible taper in October") were nothing more than
a way to serve up juicy profits to those possessing advance
knowledge of what they would say.
Yes, there are times I'm a skeptical trader. What other
explanation is there for the sequence of events and the action in
the gold and gold mining markets that ensued? Does
Bullard routinely contradict Bernanke?
More importantly, perhaps someone can help me understand
why so many view the Fed as the Puppetmaster of the world
capable of controlling and pulling all the financial strings.
Me thinks some profited greatly from this inside
information.
Bullard also said on CNBC that the bubbles of the late 90's and
the housing bubble of mid 2000's were " obvious ". Well not
according to the chairmen at the time. Greenspan testified before
congress that increased productivity was the cause of asset
inflation in the 90's so there was no worry, right before the dot
com crash. The bernank testified in 2007 that there was no housing
bubble and only regional problems that were no threat to the
system. oops. Bullard is now trying to rewrite history so the
fed was never to blame for these messes, nothing could be further
from the truth. He has absolutely no credibility at all.
well regardless, I think we all agree that we'll have to pay the
'piper' one day, we can't have our cake and eat it too with the
endless QE, pumping up of financial bubbles, and abhorrent
unsustainable debt levels, and future benefit obligations of
something like 100 trillion!
I read ZeroHedge too & could not agree w/ you more! So the
question is: How to hack them back and profit from it? Since these
creeps and bqsterds are reading/listening/recording our
texts/emails/phone-calls; that would be only fair. Not a violation
of law, rights, or Constitution when they do it without a warrant,
so it's all good.
One crazy rumor has the recent kabuki theater of Syrian chemical
warfare materiel agreement as only the initial step of a negotiated
& developing behind the scenes slow rapprochement with Iran
under its new president. A negotiated end to the years-long cold
war of the Persian Gulf, Iraq & Syria may be the best deal for
US interests possible, given that our leverage will decline even
further upon withdrawal from Afghanistan. The sanctions have
weighed heavily upon the Iranian people and the ruling regime must
really want to sell their oil without sanctions again. Their
economy is in shambles and Iran's currency has lost most of its
value. If one is speculating on the outcome of German elections as
a trigger for a market downturn, one may be disappointed. An upside
surprise may be the unexpected turn instead. Remember that it's the
one you did not see coming that gets you every time! Lot's of
people try to pick the exact top and many have openly speculated it
is close at hand, due to the fed, Summers/Yellen, etcetera. What if
they're wrong?
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Gold: A cynical person............
Posted by RichieD on 21st of Sep 2013 at 08:06 am
might conclude this week's statements by Bernanke ("No taper"), followed two days later (Friday) by St Louis Fed President James Bullard ("Possible taper in October") were nothing more than a way to serve up juicy profits to those possessing advance knowledge of what they would say.
Yes, there are times I'm a skeptical trader. What other explanation is there for the sequence of events and the action in the gold and gold mining markets that ensued? Does Bullard routinely contradict Bernanke?
More importantly, perhaps someone can help me understand why so many view the Fed as the Puppetmaster of the world capable of controlling and pulling all the financial strings.
Me thinks some profited greatly from this inside information.
Bullard also said on CNBC
Posted by randy on 22nd of Sep 2013 at 08:53 am
Bullard also said on CNBC that the bubbles of the late 90's and the housing bubble of mid 2000's were " obvious ". Well not according to the chairmen at the time. Greenspan testified before congress that increased productivity was the cause of asset inflation in the 90's so there was no worry, right before the dot com crash. The bernank testified in 2007 that there was no housing bubble and only regional problems that were no threat to the system. oops. Bullard is now trying to rewrite history so the fed was never to blame for these messes, nothing could be further from the truth. He has absolutely no credibility at all.
well regardless, I think we
Posted by matt on 22nd of Sep 2013 at 12:20 pm
well regardless, I think we all agree that we'll have to pay the 'piper' one day, we can't have our cake and eat it too with the endless QE, pumping up of financial bubbles, and abhorrent unsustainable debt levels, and future benefit obligations of something like 100 trillion!
I read ZeroHedge too &
Posted by cubby on 21st of Sep 2013 at 10:00 pm
I read ZeroHedge too & could not agree w/ you more! So the question is: How to hack them back and profit from it? Since these creeps and bqsterds are reading/listening/recording our texts/emails/phone-calls; that would be only fair. Not a violation of law, rights, or Constitution when they do it without a warrant, so it's all good.
One crazy rumor has the recent kabuki theater of Syrian chemical warfare materiel agreement as only the initial step of a negotiated & developing behind the scenes slow rapprochement with Iran under its new president. A negotiated end to the years-long cold war of the Persian Gulf, Iraq & Syria may be the best deal for US interests possible, given that our leverage will decline even further upon withdrawal from Afghanistan. The sanctions have weighed heavily upon the Iranian people and the ruling regime must really want to sell their oil without sanctions again. Their economy is in shambles and Iran's currency has lost most of its value. If one is speculating on the outcome of German elections as a trigger for a market downturn, one may be disappointed. An upside surprise may be the unexpected turn instead. Remember that it's the one you did not see coming that gets you every time! Lot's of people try to pick the exact top and many have openly speculated it is close at hand, due to the fed, Summers/Yellen, etcetera. What if they're wrong?