Bernanke press conference

[droski]

Two things have come from it:

a) current deficit is unsustainable. S&P told us what everyone knows.

b) they will reinvest the maturing securities on the fed's balance sheet. meaning we aren't going to see a true ending of quantitative easing short term.

market up about 30 points since he's been talking.

 

[volinbham]

how about the dollar - will the plunge continue?

 

[droski]

he claims that the administration and him are pro dollar which is of course utter and complete garbage. though bush and greenspan said the same thing.

 

[IPorange]

how about the dollar - will the plunge continue?

Dollars are the past, my friend. Quarters and dimes are where it's at. Financial security.

 

[utvolpj]

Dollars are the past, my friend. Quarters and dimes are where it's at. Financial security.

when all goes to hell at least you can load a quarter in a slingshot (or even reload dimes into a shotgun shell)

 

[myrobbins7]

My Gold Eagles thanks Mr. Bernanke.

 

[volinbham]

I wonder if Anthony Weiner is still against people selling gold - anyone that listened to him (I believe Gold was less than 1100/oz at the time) might want to have a talk with him.

 

[myrobbins7]

he claims that the administration and him are pro dollar which is of course utter and complete garbage. though bush and greenspan said the same thing.

Spot on.

 

[droski]

My Gold Eagles thanks Mr. Bernanke.

arguing that commodity inflation is short term and therefore not a problem is basically saying he doesn't care about it and wont do anything to pop the bubble.

 

[droski]

it's becoming more and more obvious that we need to drill everything anywhere we can. gratham had a great piece on this recently. link: http://www.gmo.com/websitecontent/JGLetterALL_1Q11.pdf

 

[kptvol]

I wonder if Anthony Weiner is still against people selling gold - anyone that listened to him (I believe Gold was less than 1100/oz at the time) might want to have a talk with him.

Who cares? His name is Ant Weiner.

 

[lawgator1]

Remain convinced that the run up in gold is truly the Emperor with no clothes and when it it becomes clear that he's nude, watch out.

 

[volinbham]

Remain convinced that the run up in gold is truly the Emperor with no clothes and when it it becomes clear that he's nude, watch out.

true of bubbles in general.

point is, gold is up about 50% since Weiner went on his tirade.

 

[gsvol]

 

[myrobbins7]

Silver loves Mr. Bernanke more.. What a move in the market today. SILVER $48.04 + $2.995 +6.65%...

 

[VolsNSkinsFan]

Everytime he answered a question Silver Inched up a half %. 10x more SLV options traded today than the SPY options. It's insane
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[droski]

Everytime he answered a question Silver Inched up a half %. 10x more SLV options traded today than the SPY options. It's insane
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Interesting article in the wsj making an excellent argument that silver is a massive bubble last week. Ill see if I can fins it.
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[myrobbins7]

Everytime he answered a question Silver Inched up a half %. 10x more SLV options traded today than the SPY options. It's insane
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10x more SLV options traded today than the SPY options. Wow..didnt even noticed that today but yeah, that's crazy.

 

[utgibbs]

Two things have come from it:

a) current deficit is unsustainable. S&P told us what everyone knows.

b) they will reinvest the maturing securities on the fed's balance sheet. meaning we aren't going to see a true ending of quantitative easing short term.

market up about 30 points since he's been talking.

QE-infinity will be SoP for the duration of the End Times of Capitalism.

The bold above is the only purpose BB serves. QE has probably added 1000 points to the Dow Jones. It is another new, "permanent" feature of American Capitalism.

 

[MG1968]

QE-infinity will be SoP for the duration of the End Times of Capitalism.

The bold above is the only purpose BB serves. QE has probably added 1000 points to the Dow Jones. It is another new, "permanent" feature of American Capitalism.

still marveling at your hypocrisy regarding capitalism

if it really is as bad as you think it is, you should give up anything and everything you've gained as a result of capitalism. Particularly those things you've acquired in your direct exploitation of American Capitalism.

I know you won't ever do that, so why don't you just end the charade now?

 

[myrobbins7]

Anyone see what's going on here?..Gold Strikes Record as Dollar Wilts
News Headlines

 

[utgibbs]

Anyone see what's going on here?..Gold Strikes Record as Dollar Wilts
News Headlines

Bet against the dollar.

This is how Obama is going to increase exports and decrease the debt load on the banks. All at the expense of purchasing power for the vast majority of Americans.

 

[droski]

Bet against the dollar.

This is how Obama is going to increase exports and decrease the debt load on the banks. All at the expense of purchasing power for the vast majority of Americans.

how is this going to decrease the debt load of the banks? this i have to hear.

 

[myrobbins7]

GOLD- $1537.60 +20.50 +1.35% - SILVER 49.43 +3.472 +7.55% Thanks again Mr. Bernanke.

 

[BigPapaVol]

how is this going to decrease the debt load of the banks? this i have to hear.

Interestingly, debt load, via 12:1 leverage, is exactly how banks make net interest income. Deleveraging seems a problem, unless they're going to kill it with ATM fees or climbing back over the Chinese Wall.
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