Monday, March 4, 2013

WHAT BUFFETT MISSES ABOUT THE FED BALANCE SHEET

WHAT BUFFETT MISSES ABOUT THE CURRENT FED... IS THAT THEY ARE ON A SUICIDE MISSION TO SAVE ASSET PRICES IN AN ECONOMY THAT IS ESSENTIALLY A ZOMBIE...

THE FED WILL NEVER SELL ASSETS...OR LOWER RATES...

THE CURRENT "BULL MARKET" IS SIMPLY ANOTHER FED BUBBLE...ITS NOT REAL...IT CAN'T STAND ON ITS OWN FEET...

ITS AN ECONOMIC MONSTROSITY MADE IN DR BERNANKE'S MONETARY "LAB"...ITS A FREAK... AND IT ALWAYS WAS A FREAK...

SINCE 2008 THE US ECONOMY HAS BEEN ESSENTIALLY BRAIN DEAD...THERE IS NOTHING THERE...AND WHAT THERE IS IS LEAVING FOR ASIA...  IN TRUTH THAT IS THE ONLY REASON TO KEEP THE ZOMBIE ON LIFE SUPPORT...TO DRAIN OFF WHATEVER REMAINS...FOR THE CURRENT ELITES...

AT SOME POINT... YOU HAVE TO "PULL THE PLUG".... THE JOB OF THE FED IS TO DELAY THAT DAY AS LONG AS POSSIBLE...LIKELY BEYOND BERNANKE'S TERM AS CHAIRMAN...

SO THERE WILL BE NO MOVE AWAY FROM ZERO RATES...THERE WILL BE NO ASSET SALES...

ESSENTIALLY THE COLLAPSE THAT "SHOULD HAVE HAPPEN" IN 2008 HAS BEEN POSTPONED...PUT OFF...BY EXTRAORDINARY MEASURES...

THE FED KNOWS THE US ECONOMY CAN'T SURVIVE ON ITS OWN...AND THAT THE FED WILL NOT SURVIVE THIS GREATEST DEPRESSION...WHEN THE NEXT COLLAPSE COMES...

THAT IS WHAT EVERYONE KNOWS...BUT FEW WILL SAY PUBLICLY...

ALL THE NUMBERS ARE BAD AND THEY WILL STAY BAD...UNTIL THE FINAL COLLAPSE...