Comments on: Bernanke Pushes the Button

By: jqui

jqui — Thu, 19 Mar 2009 19:08:23 +0000

The inflationary tsunamai is on its way.

http://theburningplatform.com/economy/the-pothole—holy-cow

By: wally

wally — Thu, 19 Mar 2009 17:58:43 +0000

“up to” means “less than or equal to”.

By: usphoenix

usphoenix — Thu, 19 Mar 2009 15:25:08 +0000

Nice job Jack.

@rktbrkr: Agree. Seems knid of like an “in-your-face” move. Except what choice does China have. They are not yet strong enough to prosper through internal consumption growth without our exports IMHO.

And our Chinese goods flow to wage earning consumers not the Fed.

The most critical fly in the ointment is the “velocity” of the money being created. IMHO, it will be hoarded. It will take decades to unwind this nasty trend that started during the Reagan era.

Your thoughts?

By: leftback

leftback — Thu, 19 Mar 2009 15:20:38 +0000

It has been a happy morning. The reflation trades are clearly in the ascendant today.

Not for the first time, Karen made us feel like a moron yesterday as we were taken aback by the SIZE of the helicopter dump and the resulting move in the Treasury market caught us leaning the wrong way.

However, here at Schadenfreude Asset Management we are long of crude oil with leverage, and long of natural gas and bullish of energy in general, although we are not presently long of gold and in fact we don’t like ourselves when we own gold. (It’s Gartman Parody Week in the office).

We also got short the financials this morning, SPX 800/NAZ 1500 seems like a good spot for a pause.

By: rktbrkr

rktbrkr — Thu, 19 Mar 2009 12:03:13 +0000

BB is calling the bluff of the Chinese, who already gently warned us, and our other foreign creditors. If they stop buying or, heaven forbid, start selling Treasuries then we will be living with the ramifications of a radically devalued currency and hyperinflation. Gentle Ben is really rolling the dice with this move, this is a time for prayer.

By: karen

karen — Thu, 19 Mar 2009 04:48:53 +0000

common, what in the heck? can’t follow your logic at all… lying… fiat is a lie… buy gold, buy starbucks french roast, buy crude oil, buy music! As long as our debit cards and ATM machines still work… there are a vast majority of americans that still have money and income, btw…

By: How the Common Man Sees It

How the Common Man Sees It — Thu, 19 Mar 2009 04:38:18 +0000

Basically, anyone that didn’t get the “inflate or die ” dictum that was clearly broadcast, is on the wrong boat.

Karen,

What if they were lying? They do that you know

What happens to the inflate or die orders once all the sheep believe it is inflate or die and orient their capital in that direction? They just finished doing that in the housing market and we saw how that worked out

Until their power is taken away it is what the emperor says it is. I think we are better off not taking their signals by what they are saying but rather trying to understand where they are leading with all this

By: karen

karen — Thu, 19 Mar 2009 04:12:59 +0000

Okay, I’m back for better or worse, attempting to compose myself into an articulate construction, which unfortunately is not my forte. Basically, anyone that didn’t get the “inflate or die ” dictum that was clearly broadcast, is on the wrong boat. In our digital fiat environment, a USD currency failure was not possible. We just need a few prosecutions to revalidate the system. They are coming… Only an Obama could have pulled this off, imo. The timing is perfection… and thank goodness. Getting delirious on my music (and wine.)… gotta go.

By: karen

karen — Thu, 19 Mar 2009 02:52:16 +0000

Jack, i’ve come here for a voice of sanity from the tbp crowd… were these people not paying attention? I treasure your first five words, “Good evening: after months of threats…” People pontificate ad nauseam while ignoring what is actually happening. Okay, this is just for starters… I’ll catch my breath and come back.