Friday
Nov052010
Helicopter Ben Starts The Money Drop (MUST SEE)
Video: Bernanke officially begins QE2...
Is the Fed Chairman God? A violent hail-storm cash drop on Nov. 5, 2010 - Near 59th Ave & Cactus, Phoenix, AZ. Do not be alarmed. It makes sense that he's starting with a bubble state. He will get to your neighborhood soon.
Reader Comments (8)
WASHINGTON (MarketWatch) — Reading Ben Bernanke’s defense of the Federal Reserve’s $600 billion bond buy, it’s striking how much emphasis he put on the wealth effect and stock market gains in particular.
The central bank chairman didn’t mention how the dollar has dropped since he laid out in Jackson Hole, Wyo. the Fed’s plans to buy billons if not trillions of dollars in U.S. government bonds. But the greenback /quotes/comstock/11j!i:dxy0 (DXY 76.53, +0.65, +0.86%) has dropped sharply since the Aug. 27 speech, and the correlation between dollar weakness and asset price gains has been strong. (The dollar has dropped about 7%, the S&P 500 has gained about 14%.)
http://www.marketwatch.com/story/how-ireland-could-derail-bernankes-plans-2010-11-05
By James Kwak
http://baselinescenario.com/2010/11/05/b-of-a-doublespeak/
"'QE2' is radically different – and radically more dangerous – than the risky games that were played with earlier 'quantitative easings'. The Fed's current actions are all too likely to go down into financial infamy, and this brief article is intended to warn readers about some of the key differences this time around."
http://financialsense.com/contributors/daniel-amerman/radical-difference-between-monetization-1-and-qe2
Could it be a fated run from days gone by?
And did I here you say, there’s a meeting here today
Of the G-Twen-Tee and World Bank in the sky?
He’s 56 and Barney still calls him “thoughtful”
All the folks around Beijing say he’s awful
Cause he walks downtown with an inkjet in his hand
Printing up his mysterious dark horse plan
In his younger days they called him Ben Shalom
Giddiest geek to ever lay your money on
Then a man of pedigree stood by his side
And promised him they’d take the world for a ride
Delta Hedge, are you leaning past the edge
Could it be a fated run from days gone by?
And did I here you say, there’s a tipping point today
Between what’s real and what’s been monetized?
© Eladni-Tram Music 2010
Do you play in a band, Wil?
Just stay tuned, Barny Frank dose tell, I'll promis you this, It'll get Sodomised.