Watch The Bernank Lie Live... it's all a set-up.... Just another Dog and Pony show...

Watch Today's 2:15 pm FOMC Press Conference Live And Interruption Free Here

Submitted by Tyler Durden on 04/27/2011 10:31 -0400

While today's 2:15 pm FOMC press conference is still some time away, it is never too late to reserve your seats: the conference will be presented below live. We will liveblog the event in the off chance Bernanke says something that may be even modestly unexpected, such as the truth. 

 

 

 

 

 

 

Citi On Possible USD Surprises From Today's Overhyped FOMC Conference

Submitted by Tyler Durden on 04/27/2011 10:22 -0400

Citi's Steven Englander looks at today's so overblown FOMC statement it is getting ridiculous now, and gives some hypotheticals that could result in some strength (lol) or further weakness for the dollar.
Potential USD (even bigger) negatives (than just the Chairman breathing):
1) focus on the disappointing performance of the US economy, the downward pressure on real wages and weak levels of core inflation
2) reiteration of the view that global imbalances and inflation reflect misguided currency policies in EM
3) opening a door to QE3 if the outlook disappoints further



 This is a MUST READ...

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Seth Lipsky: Questions for Ben Bernanke

 

Lewis E. Lehrman: Monetary reform is the key to spending restraint

 

Gold is trivialized because what it exposes is so scary

 

Gene Arensberg: As silver shorts retreat, could Comex fail to deliver?

 

'Slow-motion default' of U.S. impels Paul toward new presidential run

 

As Paul weighs presidential run, his issues are already being debated

 

Gold And Silver Bubble? - Some Retail Investors Taking Profits And ETF And COT Data Suggest Otherwise

Submitted by Tyler Durden on 04/27/2011 08:16 -0400

GoldCore submits: "Many of our clients have taken profits on certificates in recent days. Most continue to be prudent and continue to maintain a core holding (for portfolio diversification and financial insurance purposes) but there are definitely concerns amongst some of a bubble. Others have taken profits on certificates and bought gold and silver coins and bars (in secure storage or delivered). Recently orders for coins and bars have outweighed those for certificates and there is definitely an increased preference for physical coins and bars and for taking delivery. Our ratio of sell orders to buy orders is the highest it has ever been." 

 

 

 

Banks, Hedge Funds Threaten A Repeat Of Lehman If Debt Ceiling Not Raised

Submitted by Tyler Durden on 04/27/2011 07:06 -0400

As we reported yesterday, The Treasury Borrowing Advisory Committee, easily the most important 3rd party advisory structure at the US Treasury currently, chaired not surprisingly by JP Morgan and Goldman Sachs, released a letter to Tim Geithner, doubling up his calls for untold death and destruction, not to mention plunging year end bonuses, if the US is not allowed to kick the can down the road for another 1-2 years. For those curious, in addition to the Matt Zames chaired committee, other members include Soros, Tudor, Bank of America, BNY, Moore, Alliance Bernstein, Morgan Stanley, Round Table IMC, Brevan Howard, PIMCO (lol), Dodge & Cox, RBS, and Western Asset Management. The full M.A.D. letter is presented below.