fxfox Posted June 15, 2022 Report Share Posted June 15, 2022 So all of a sudden the consensus is that the ECB will save us all? That the FED will sacrifice those who live from paycheck to paycheck for the HNWI‘s? That the FED will not only not allow the Covid lows to be broken, but not even allow stocks to go nearby 3000? Link to comment Share on other sites More sharing options...
DrStool Posted June 15, 2022 Author Report Share Posted June 15, 2022 The goose is ready to come out of the oven. Link to comment Share on other sites More sharing options...
fxfox Posted June 15, 2022 Report Share Posted June 15, 2022 The problem of the ECB as such lies in its foundation: It was a political decision, not an economical one. It was clear from the beginning that the influence of the Bundesbank will erode, while that of the „Club Med“ will rise. Never was a German Head of the ECB. They say ah thats because the HQ is in Frankfurt. Who gives a damn where the HQ is, only important is who is the Head of! So first there was Duisenberg, a Dutch who was perceived as acting „almost Buba-like“ Then came Trichet: „Hey, look, that guy is almost a German!“ Hmmm… nooo. Then it began: Draghi. The rise of the Club Med disguised in an Ex-Goldman asshole. And now we have Lagard, who just goes on with Draghis policy if not worse. After Lagarde there will come a Spaniard of Greek guy who will just appear in some Bathing clothes st the presser and say: „We are the printing machine! Basta! Have a nice day!“ Link to comment Share on other sites More sharing options...
DrStool Posted June 15, 2022 Author Report Share Posted June 15, 2022 28 minutes ago, fxfox said: So all of a sudden the consensus is that the ECB will save us all? That the FED will sacrifice those who live from paycheck to paycheck for the HNWI‘s? That the FED will not only not allow the Covid lows to be broken, but not even allow stocks to go nearby 3000? Where do you get your consensususii. I haven't seen this anywhere. But there's one very important sign of a bottom. Link to comment Share on other sites More sharing options...
Jorma Posted June 15, 2022 Report Share Posted June 15, 2022 Which goose? Anyway I don't think saving Greece and Italy is going to save us all. Link to comment Share on other sites More sharing options...
DrStool Posted June 15, 2022 Author Report Share Posted June 15, 2022 Cruisin for a Bruisin pattern. Link to comment Share on other sites More sharing options...
fxfox Posted June 15, 2022 Report Share Posted June 15, 2022 4 minutes ago, Jorma said: Which goose? Anyway I don't think saving Greece and Italy is going to save us all. That‘s right. But it brought us the 2011 bottom and the ECB policy which prevails till today. That‘s when the Club Med took control. Link to comment Share on other sites More sharing options...
Jorma Posted June 15, 2022 Report Share Posted June 15, 2022 Bernanke had an op-ed in the NYT yesterday but it's paywalled to me. I'm curious what he said. Link to comment Share on other sites More sharing options...
sandy beach Posted June 15, 2022 Report Share Posted June 15, 2022 16 minutes ago, Jorma said: Bernanke had an op-ed in the NYT yesterday but it's paywalled to me. I'm curious what he said. https://archive.ph/MXqvv Link to comment Share on other sites More sharing options...
DrStool Posted June 15, 2022 Author Report Share Posted June 15, 2022 Quote We had another bad inflation report last week. Inflation over the past 12 months exceeded 8 percent, a level that evokes memories of America’s Great Inflation of the 1960s and ’70s. From the beginning of 1966 through 1981, the Consumer Price Index rose, on average, by more than 7 percent per year, peaking at over 13 percent in 1980. This period also saw two major and two minor recessions and an approximately two-thirds decline in the Dow Jones industrial average, when adjusted for inflation. Are we in danger of repeating that experience? The short answer: almost certainly not. True. It will be worse. Link to comment Share on other sites More sharing options...
DrStool Posted June 15, 2022 Author Report Share Posted June 15, 2022 Another piece of garbage from the criminal Bernanke. He is a disgusting human being. An vicious, unprincipled animal devoid of any shred or semblance of moral fiber. He is the Adolf Eichmann of monetary policy, epitomizing the banality of evil. Link to comment Share on other sites More sharing options...
Jimi Posted June 15, 2022 Report Share Posted June 15, 2022 1 hour ago, Jimi said: Gonna see a 103-handle on the Euro today…? Link to comment Share on other sites More sharing options...
Jimi Posted June 15, 2022 Report Share Posted June 15, 2022 27 minutes ago, Jorma said: Bernanke had an op-ed in the NYT yesterday but it's paywalled to me. I'm curious what he said. He said he was really, really sorry for his contributions to the financial mess he helped to create; he understands & regrets the cynicism Fed policy has caused; and he is selling all his worldly goods, donating the proceeds to the Red Cross, and taking an oath of poverty & silence, only to spend his remaining days in a tiny Nepalese ashram. Link to comment Share on other sites More sharing options...
fxfox Posted June 15, 2022 Report Share Posted June 15, 2022 9 minutes ago, Jimi said: He said he was really, really sorry for his contributions to the financial mess he helped to create; he understands & regrets the cynicism Fed policy has caused; and he is selling all his worldly goods, donating the proceeds to the Red Cross, and taking an oath of poverty & silence, only to spend his remaining days in a tiny Nepalese ashram. Link to comment Share on other sites More sharing options...
potatohead Posted June 15, 2022 Report Share Posted June 15, 2022 14 minutes ago, DrStool said: True. It will be worse. All the reason to own physical precious metals. .......And I looked, and behold a pale horse: and his name that sat on him was Bernanke, and Hell followed with him. And power was given unto them to print and expand the balance sheet at will, to kill with inflation and Wall Street bailouts, and with political uncertainty unleash all the beasts of the earth. Link to comment Share on other sites More sharing options...
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