Update 4: Passes with 59 GOP votes against, including Dave Schweikert AZ-05, thank you Dave!!; Only $350 Million in actual cuts!?
Update 4: 4/14/10 2:23 pm: Crapulent deal passes 260-167 with 59 No votes from the GOP. Our wonderful new Critter, Dave Schweikert AZ-05 voted No.
Thank you Rep. Schweikert!!
Roll Call of vote here. Thank your Congressman (or un-thank them whatever the case may be!)
Update 2: Okay, your shout-out is retracted Speaker! What the hell is this?~- CBO says it is actually only $35oMillion, yes M, Million in actual cuts?? You are fxcking kidding right?
AP at HotAir has it:
So to sum up: In less than a week, we’ve gone from $61 billion in cuts to $38 billion in cuts to $15 billion in real cuts to $352 million in deficit reduction this year, which is less than one percent of the number agreed to in the budget deal. I can’t help but suspect that tea partiers might feel a tad … antsy about that trend….
I called Dave Schweikert AZ05 asked him to vote no and tell the leadership to Get Serious.
Video: Mark Fisher talks QE2 ~ ‘it will end badly’
Courtesy of CNBC
More~ Mark Fisher talks commodities~
Vodpod videos no longer available.Update: CME ups margins, precious metals pull in; Gooooold! Shiny precious hits *another* high, up $16 to $1419.60
J-J-J-Jamie and the Feds tryin to knock we retail investors outta da precious metals? ~Don’t push me cuz I’m close to da edge~ We swung $35 trading range in Gold today, TBTF are playing Calvinball again, when they lose they change da roolz~
Update: Around 2:00pm ET Preccious and sister Silver began to sell off. The culprit? The CME raised margins. Some call it a pullback (‘Fed tryin’ t’knock you out’) , I call it time to buy :0> Even SLW Silver Wheaton ‘looking good‘ and I am trying not to play in Ben’s crapped in sandbox…
ZeroHedge is all over the margin increase and JPMChase’s fingerprints~
…And if that doesn’t work, there is always confiscation.
“CME confirmed silver margins raised from $5000 to $6500 (30%) effective 11/10 settl – no other metals effected”…
Keep printing Ben. Devaluing our US Dollar. Target equities, whatevs. You cannot force us back into a fixed market. Gold!
Update: up $54 to $1391.90; Gold takes off ~ up $37.00 to $1374.80 as Bernanke admits he is targeting stock prices in QE2
Update: 4:40pm ET – Shiny Precccious ~ Gold up $54.4- to $1391.90~~~Goldy knows where the USDollar is going….Down
It’s been a while, but you know what time it is~
Heh. We saw this coming
If Ben thinks he can force retail investors back into stocks by admitting he is targeting stock prices forget it.
Not now, not after we have seen Government Sachs and it’s betting against its investors with Abacus, and now JPMChase the same (and dont forget their silver market manipulation), after the flash crash caused by High Frequency Traders, after the record high hit by stocks based on absolutely nothing, in direct contradiction in fact to the health of the economy on Main St, well he is shxt out of luck.
We peasants have embraced the shiny precious.
Meanwhile back at the ranch, GS expects QE version XXXXX through 2012
Goooooooold! Another record $1261.50…
Gold going vertical again….and you know what that means….
Moderate in the Middle 