The Fed is no longer interested in inflation, rightly so. They are explicitly targeting GROWTH, through GDP, which is a major change from previous policy decisions. Understand something, this economy is not beholden to the poor to middle class. All of you morality soldiers complaining about the great injustices to the middle class through inflation, as you cheat on your wives and steal from your employers, should shut the fuck up and stay focused on what really matters.
Tax receipts, fucked face.
The 2% represent 70% of consumer spending. The price of oil doesn’t mean anything to people making more than 250k per annum. I want you to learn from this experience and know what to do going forward. School is in session and Bernanke is at the chalk board, slapping shorts silly with cocaine laden erasers.
Asset inflation is the name of the game. Since our government is run by children, Ben is taking matters into his own hands. Why? Because he’s a fucking patriot, through and through, that’s why!
The Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt. All of you buttfuckers who are opposed to the Fed just don’t get it. Plus anyway, none of you are qualified to offer financial advice in these parts.
Immediately following the Fed announcement, I took 30% of my assets held in cash and allocated it into ANR, AKS, ESRX and DDD.
63 Responses to WELCOME TO THE GREATEST COCAINE GORILLA PARTY EVER
nice post ! any concern of international invesotrs pulling out based on dollar debasement? kind of feels like a telegraph of when G5 worked the dollar down, then talked a strong dollar game but never delivered.
I am pulling out my gold fillings and bringing them down to Coin Galleries of Oyster Bay to get mine Keith Hernandez style.
He knows a little something about gold.
Haha! ‘Cocaine laden erasers’ That imagery is too much. Well done Fly.
Refiners suck today $TSO $VLO $WNR $HFC $ALJ
If you buy oil, buy something else.
oil is the play
Do I need new glasses or did I miss something about PSX on your suck list?
Great Post Fly!!!
Best one in months.
I love the term “fucked face,” particularly after the FB IPO, it has such a subtly-sweet ring to it than the more traditional “fuckface”…
I agree. I like this varietal better.
The Clam’s the man!
Now we must endure Fed comments on CNBC by Dagwood & Blondie … Ugh!!!
We get it and you will too
Bens now gone all in. Stocks have doubled and their has been no “wealth effect” of note. Ge fucks the savers. That hurts the wealth effect.
Ben is fucking insane. I can’t believe he could be this reckless.
I certainly didn’t think he would do it but now that he has, it does seem to make the game a little easier, at least in the short term.
The cocaine in the 80′s was way better. ( I hear),
Our own resident Bearded Clam should be thoroughly chastened and in a state of quietude after reading the Fly monologue.
“Gimmie, gimmie, gimmie…”
Gimmie more cocaine!
gimmie gimmie gimmie!
Short term gain!
Tell that to my welder.
H ha – trickle down economics in effect!
Not unlike with the needle and spoon, we can’t expect to get the same high, third time around yo. Sure, we’ll “Hershey-squirt” higher initially, but I fear this one will be shorted sooner than everyone expected. When everyone is already maxing out their credit cards, purchasing Apple products to smother their naked bodies with, using the projected gains from their SPY October 150 Call options, I’m not cool with that, see. That type of behavior kinda clashes with me. Often, men with fucked faces can be seen riding around in “wheeled chairs,” from what I’ve heard…just before rolling into active storm drains.
Adding another floor to my house.
I am one of those delusional guys with the SPY Oct 150 calls. I find your post funny without feeling offended, cuz I am rich, bitch!
Ben is a fuking pirate. Politicians don’t have the balls to do anything so Ben runs wild. Don’t fight the FED. Buy oil and precious metals after next 5% pullback.
I really think it’s a monkey party and not a gorilla party.
That would be this monkey.
You gotta love this face.
Look at that buy volume in HL today, a beautiful thing.. Bernanke handing out the coco puffs as planned. In two years people are going to be horrified by cost push inflation.
Very good post Dr., I would call it Genious actually.
There are are 2 ways from the sheet we are in: inflate or default, benny simply chosen the lesser evil.
He simply does his job.
Good day to all.
sheet …. shit… pardon the spelling
There can only be one highlander…Benjamin Bernanke
Not saying they wouldn’t be horrified by a deflationary vortex if central banks didn’t QE infinite print, but middle class is going to be squashed in 2 years time by $100 toilet paper, watch.
Here’s Blondie & Dagwood …
Buddha said it. Fuck the long term. Be in the present. Ride the wave.
Asset appreciation = Currency devaluation.
yes sir, sho does
So let me understand the logic here!.
Bernanke wants to inflate Assets. Lets see what inflates means:
1: to swell or distend with air or gas
2: to puff up : elate
3: to expand or increase abnormally or imprudently
I see two words that are key to this policy or premise:
Air and Imprudently
So you are recommending to buy (you are 90% invested) into something that is build on air imprudently?
What happens when you inflate something with air imprudently it bursts and bursts violently. So if you think you can ride this nonsense and safely exit before it violently explodes good luck!
This shit has been fake for decades. Ignore that to your detriment.
The gold monsta has arisen! Bow down before its magesty and buy all you can.
Ben has spoken!
The Fly is helping me lose my financial virginity.
With pipe in hand the good ones smoke it. Gets you there quicker and gentlemen do not wait. God save the clam. Pissing on poor people has never been easier. They will take the gov cheese brick and like it! The new normal.
You’re an idiot!
Wtf is your problem? Someone get a wheeled chair for Tea. The dude is taking it all way to seriously.
Basically the Federal Bernank is trying his hand a trickle down economics. We’ll see how that turns out……
Wheeled chairs and open sucking drains for all.
open sucking drains. I like the ring of that.
This is going to end a currency event. Would be great if you could monetize godly sums of debt by debasing without any horrible consequences, but its just not possible. In the short term, there will be positive effects via asset appreciate until one day it happens, the thing that nobody really likes to believe will happen. Fly will be moving into a gated community. Then the global currency instrument will come into play and the global order will ensue.
more importantly, the ECB agreeing to unlimited bond purchases should be able to hold Europe together.
That may be all, this may be a secular bull, barring of course, something unforseeable. Probably, though, not one as awesome as the 82-00 version. Didn’t start from as amazing of a setup.
QEinfinity, BTW, is deflationary, not inflationary. Basically under massive QE, interest is paid to the government rather than the private sector in meaningful quantities, meaning that ultimately less dollars are flowing to the private sector. QE reduces the deficit, rather than increasing it, hence is long term deflationary.
Embassy stormed. Ambassador killed. http://www.youtube.com/watch?v=FkbZVZmeMl4
Carter, now Obama..
That logic would make Bush totally responsible for Sept. 11. So it would lead to the conclusion that Dems are less bad than Repubs.
Show me where any Republican president had an embassy stormed and an ambassador killed.
Bush was in office then less than a year after 8 yrs of Clinton.
$40 Billion a month divided by 115 million households. That’s $350 per month per household.
They are going to write a check like that to the banks, They would be better off sending it to every household.
Either way it doesn’t matter. In the long run, everyone is fucked.
Fly, what percentage of cash makes up your portfolio now?
How do you spell toast? KASS
40 billion every 30 days forever and ever or until americans will pick lettuce. True cocaine gorilla sprinkler head party. Very 80′s.
‘Texasville’ Larry McMurtry c.1987 is the ultimate guide on the boomer thought process. Buy it. Read it. For the younger element in the world(everyone who is not a fucking boomer) it is invaluable. Do not fade the boomer. Boomers are not monsters or evil they are just what they are. Survivors that do not give a flying fuck about anyone but them. Gangster.
The point being to understand how the clam could go all in with obvious fucked consequences. Poor peeps starving or looking at owning a car as a luxury etc. This is truly the boomers last play but they only have another 20 years left maybe. Check out the book it is cool and tells of a time that know under 50 ever knew.
The best lesson you will ever receive. Minus the idiot maria interrupting Dalio
He is explaining 2007 which is exactly what is happening now
Our fiscal and monetary mix better find a Congress willing to do the arithmetic soon, and one willing to weigh that mix evenly between austerity/reductions as well as increased revenues are Ben working overtime …. Oh yeah, he is working overtime and some would dump him for pure austerity … YIKES!!!
“…helping to improve tax receipts and eventually pay down the national debt.”
You had me until this sentence. Pay down the debt? Name a government in history that has paid off debt? They don’t and they don’t plan on it… Ever. Maybe Romania did once at the cost of massive deflation? The government uses more income as an excuse to spend even more on waste and pork and to help the people who finance their campaigns because there are no term limits.