This QE really drove these oil prices

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fhl said:
Bloomberg Says There Is No More “Greenspan Put”: Please Stop Laughing And Move On!

"Bloomberg informsus that the new broom at the Fed, Janet Yellen, won’t immediately rush to the stock market’s aid when the next downturn comes. Could it be that an article from the Onion has been smuggled in while they were not looking? Lately, Fed doves have been wheeled out at every market dip exceeding 3%."

I only got a bigger laugh when I watched a Bloomberg business vid the other day after the SNB eliminated their peg. The Bloomberg journalist breathlessly, and acting very surprised, reported that the SNB had decided to stop protecting the swiss franc. So I ask you. In what sphere of economic ignorance is a rising currency perceived as lacking protection? I think it's explained best by a quote from a Stockman article:

"This leaves us to ponder what the purpose of such articles is, and we already hinted at it above: their aim is to bolster the impression that central planning of the economy is not only possible, but a perfectly normal and desirable state of affairs. Monetary interventionism by bureaucrats is to be taken for granted and to be accepted as delivering the best of all worlds. It is basically propaganda dressed up as reportage."

http://davidstockmanscontracorner.c...eenspan-put-please-stop-laughing-and-move-on/
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Bullard did a stick save around the end of last year with "it might be prudent to hold off on ending QE" when the market took a dive. This is, of course, despite the fact that he was calling for an end to QE not two to three weeks before, and that QE was never intended to support the stock market.

Hilarious to believe these Fed academics know anything about what they are doing.
 
A theory making the rounds in Calgary energy: The US is in cahoots with Saudi Arabia to drive the price of oil down and defeat the Russians. They're replaying Reagan.
 
Ricter said:
A theory making the rounds in Calgary energy: The US is in cahoots with Saudi Arabia to drive the price of oil down and defeat the Russians. They're replaying Reagan.
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Or Bill Gates. Remember Netscape?
 
Ricter said:
A theory making the rounds in Calgary energy: The US is in cahoots with Saudi Arabia to drive the price of oil down and defeat the Russians. They're replaying Reagan.
More...

I was saying this when oil was at 70. Nice of you to join the party.
 
Tsing Tao said:
Bullard did a stick save around the end of last year with "it might be prudent to hold off on ending QE" when the market took a dive. This is, of course, despite the fact that he was calling for an end to QE not two to three weeks before, and that QE was never intended to support the stock market.

Hilarious to believe these Fed academics know anything about what they are doing.
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In all fairness, they were pulling this same shit 8-10 years ago...only then, it was alot more subtle and not a weekly occurrence.
 
Ricter said:
A theory making the rounds in Calgary energy: The US is in cahoots with Saudi Arabia to drive the price of oil down and defeat the Russians. They're replaying Reagan.
More...

Seriously, this has been considered now for months.
 
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