Bernanke just gave a green light to Congress to go over the Cliff!!! FED: FOMC SEES 2013 GDP GROWTH OF 2.3% TO 3.0%

zerohedge @zerohedge 1 min
Fed does just as expected

Business Insider @businessinsider 29s
FED UNVEILS HISTORIC 'EVANS RULE' TO GUIDE MONETARY POLICY [link to www.businessinsider.com]

Just as consensus demanded expected, the FOMC transformed sterilized 'Twist' into unsterilized QE4 in addition to QE3's MBS buying and lowered economic forecasts - dropping calendar-based rate guidance unchanged with a shift to threshold-based guidance. High inflation, forget it; 'lower' unemployment, naah; market wants 'moar' so market gets 'moar'. $4 Trillion balance sheet here we come (check to Draghi's OMT and Spain or EUR 'richness' crushes hopes of recovery).

•*FED BOOSTS QE WITH $45 BILLION IN MONTHLY TREASURY PURCHASES

•*FED TO KEEP BUYING MORTGAGE BONDS AT PACE OF $40 BLN PER MONTH
•*FED SAYS MONTHLY PURCHASES TO TOTAL $85 BLN
•*FED ADOPTS ECONOMIC THRESHOLDS FOR POLICY TIGHTENING
•*FED: RATES TO STAY EXCEPTIONALLY LOW WITH JOBLESS ABOVE 6.5%
•*FED: RATES TO STAY LOW WITH INFLATION SEEN AT 2.5% OR LESS
Disappointingly for AAPL investors, there was no explicit decision to monetize mini-iPads (or their own subsidized student loan debt in the ultimate reacharound).
[link to www.zerohedge.com]

Business Insider @businessinsider 1 min
FOMC [Full Release] [link to www.businessinsider.com]

This is beyond ridiculous. All the other ones didn't work, maybe this one will. Insanity...

Business Insider @businessinsider 2 min
Stocks Jump, Gold And Dollar Falls After Fed Announcment by @bySamRo [link to www.businessinsider.com]

I know its been said before on all this stuff but damn, when does reality kick in for these people. I pin request and 5* this.

This "recovery" has been the most expensive in terms of assumed debt to be paid off at some future time in the history of the world.

You would think at some point we would all collectively wake up from this mass psychosis and realize this is all complete bullshit.

zerohedge @zerohedge 2 min
QE4EVA Expands Fed-Eligible Treasury Purchases To All Risky Paper [link to www.zerohedge.com]
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zerohedge @zerohedge 3 min
In two years the Fed's DV01 is guaranteed to be over $5 billion
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zerohedge @zerohedge 5 min
Here's the punchline: the Fed will continue QE4EVR until the US has a deficit that needs funding, so forever

zerohedge @zerohedge 1 min
"Regime Change": The Critical Message In Today's FOMC Announcement [link to www.zerohedge.com]

Why would gold fall? Wouldn't the dollar falling because of the news cause gold to increase?

Last Edited by Laura Bow on 12/12/2012 01:47 PM

Business Insider @businessinsider 6 min
FED FORECASTS MAIN RATE TO STAY NEAR ZERO UNTIL 2015 [link to www.businessinsider.com]
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Business Insider @businessinsider 6 min
FED: FOMC SEES 2013 GDP GROWTH OF 2.3% TO 3.0% [link to www.businessinsider.com]

Business Insider @businessinsider 4 min
LIVE: Ben Bernanke Delivers Press Conference On Historic Fed Decision [link to www.businessinsider.com]

zerohedge @zerohedge 51s
It's been three and a half years since the Fed started injecting over $2 trillion into the stock market

Business Insider @businessinsider 1 min
BERNANKE: "Clearly the fiscal cliff is having effects on the economy." BERNANKE: [link to www.businessinsider.com]

I'm waiting for the dollar collapse, the most amazing show on the universe since Big Bang, fortunately I could see it!

zerohedge @zerohedge 5 min
Bernanke just gave a green light to Congress to go over the Cliff

it seams markets doesn't like hunkle Ben says...

Dow /quotes/zigman/627449 13,268 +21 0.16%
Nasdaq /quotes/zigman/12633936 3,021 -1 0.04%
S&P 500 /quotes/zigman/3870025 1,432 +4 0.29%

Jobless at 6.5%???

That's ridiculous. In the past two weeks I have seen two different women, small children in tow, begging on street corners with signs about losing their jobs & mouths to feed. Never seen that before. Beggars have pretty much until recently kept their children out of it.

Also according to Joel Skousen, if we go off the cliff we will see a nuclear attack on American Soil shortly thereafter so that the elites can blame the collapse on the attack and not on their lack of fiscal responsibility.

What in interesting time and date for such HUGE NEWS: Dec. 12, 2012, 12:34.

Dec 12, 2012, 12:12 pm, and 12 seconds.....

Hyperinflation right around the corner!

This goes along with the dry baltic sea index drop.

Countries will not want exchange tangible goods for worthless dollars.

Dow /quotes/zigman/627449 13,246 -2 0.02%
Nasdaq /quotes/zigman/12633936 3,013 -9 0.31%
S&P 500 /quotes/zigman/3870025 1,429 +1 0.08%

zerohedge @zerohedge 13 min
BERNANKE: `I CERTAINLY HOPE THAT MARKETS WON'T HAVE TO TANK'
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zerohedge @zerohedge 19 min
Ben: "Fed's ability to ease further isn't unlimited"... but our ability to paradrop bales of cash sure is

Dow /quotes/zigman/627449 13,234 -13 0.10%
Nasdaq /quotes/zigman/12633936 3,010 -12 0.41%
S&P 500 /quotes/zigman/3870025 1,428 +0 0.01%

Business Insider @businessinsider 17 min
BERNANKE: 'I certainly hope that markets won't have to [link to www.businessinsider.com]

Business Insider @businessinsider 5 min
STOCKS GO NOWHERE AFTER HISTORIC MONETARY POLICY ANNOUNCEMENT: Here's What You Need To Know $DIA $SPY $QQQ by @bySamRo [link to www.businessinsider.com]