I’m beginning to think that Bernanke as us all pegged for suckers. I bet they front-run their own announcements!
Who was buying commodities in August and in size before the specter of QEII? Markets were knee deep in shit. Remember? Perhaps Maiden Lane bought in anticipation of everyone else jumping on their QEII bandwagon. After all, they now actively trade, don’t they?
Imagine if they have been sellers into the “POMO keeps the market up forever” idiocy? What an accomplishment. They tell everyone they will “destroy the dollar and the world, trade accordingly”. But at the same time they are front-running the street on every step.
And why couldn’t this be true? They have distorted and perverted every policy and market in half the world. Why shouldn’t they make a profit? After all, we need the money!
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Sick thoughts but very possible.
You give them too much credit Scott. They aren’t that market savvy, imo.
Are you sure about that. They sure control a lot of clams…
You don’t have to be market savvy when you can buy the game.
very treu
(edit: redundancy, sorry gapping) You don’t really need to be market savvy to commit acts of force.
Unfortunately that’s pretty much conjecture. We’d need some proof of it. More reason to put some fucking checks and balances on the Fed though, in my opinion.
Check out this cartoon explaining the fed work. So fantastical!
http://www.businessinsider.com/quantitative-easing-cartoon-2010-11