Ben Bernanke "PINKY TUSCADERO"
Yesterday (02/15/07), one Ben “Pinky Tuscadero” Bernanke really screwed a few people in the markets. This can readily be seen on any Forex Chart at around 10:25 – 10:45am.
After the TICS report came out at NEGATIVE 11 Billion (which means nobody invested in the US debt, but rather, divested it.) we were all long Euro and well on our way to a one cent move.
Enter Pinky at his 10am testimony before the House Panel on Monetary Policy.
Finally at 10:45am we got his official statement which was one sentence that went like this. “Bernanke says economy may be stronger than Fed thinks”. Instantly on the charts you can see a 30 pip move towards the long USD side.
What really irks me and some of my colleagues is this. After a week of absolutely bad US economic news with no light at the end of the tunnel for the foreseeable future, Ben starts riffing wildly with the cavalier attitude of Pinky Tuscadero from Happy Days (hence the new nickname) on how in spite of all the bad news out there, the US is really in great shape.
Well Ben, Shut the F**K up. With statements like yours and the reactions they get, I and others are thinking you might just be covering your friends positions in the market as well as your own, which I’m sure is illegal for you.
How you can say what you said when the numbers this past week say exactly the opposite in such a large way is just beyond any rational comprehension.
Smarten up will ya.
After the TICS report came out at NEGATIVE 11 Billion (which means nobody invested in the US debt, but rather, divested it.) we were all long Euro and well on our way to a one cent move.
Enter Pinky at his 10am testimony before the House Panel on Monetary Policy.
Finally at 10:45am we got his official statement which was one sentence that went like this. “Bernanke says economy may be stronger than Fed thinks”. Instantly on the charts you can see a 30 pip move towards the long USD side.
What really irks me and some of my colleagues is this. After a week of absolutely bad US economic news with no light at the end of the tunnel for the foreseeable future, Ben starts riffing wildly with the cavalier attitude of Pinky Tuscadero from Happy Days (hence the new nickname) on how in spite of all the bad news out there, the US is really in great shape.
Well Ben, Shut the F**K up. With statements like yours and the reactions they get, I and others are thinking you might just be covering your friends positions in the market as well as your own, which I’m sure is illegal for you.
How you can say what you said when the numbers this past week say exactly the opposite in such a large way is just beyond any rational comprehension.
Smarten up will ya.
posted by GMS @ 4:33 PM
1 Comments:
As I have been telling you for several years, The US dollar is worthless and has been proped up by BS for the last number of years. Talk to the FED. reserve about all of the shit they've been pushing for 80 years or so. Worthless dude - not worth the paper it is printed on !
Have a nice day !
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