Explain this debt, jackhole

[Yes Man movie]

Apparently the great economic minds have gathered in
Jackson Hole, Wyoming to lie to each other and the
public about the state of the US economy.

This is strictly an inside job. No foreigners allowed.

Ben Bernanke is said to be

looking around the Hole,

rimming the Hole town, 

for an excuse to whip out his kewey.

QE3

the third dose of kewey

qualitative easing

lowering the quality of life

the third resuscitation attempt 

on a cold corpse

It's hard to do it from a helicopter, especially with the crowded 

skies over Jackhole, full of Kewey copters.

[william banzai7]

The copters crash, and then the economy will follow.

Ben's gonna need three hands for this job:

[williambanzai7]
Some of the banks are also up to their old tricks, gambling on
the outcome of the Hole thing. see below

read 'em and bleep:  2 texts
zerohedge

Guest Post: The Real Reverse Robin Hood: Ben Bernanke And His Merry Band Of Thieves

Submitted by Tyler Durden on 08/31/2012 14:29 -0400

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

Away from the stifling media crush, staid Ben Bernanke is dashing Reverse Robin Hood, lackey pawn of the Neofeudalist Financial Lords who shamelessly steals from the poor to give to the parasitic super-rich.

Amidst electioneering chatter about a "reverse Robin Hood" who steals from the poor to give to the rich, it's important to identify the real Reverse Robin Hood: Ben Bernanke and his Merry Band of Thieves, a.k.a. the Federal Reserve. It's especially appropriate to reveal Ben as the real Reverse Robin Hood today, as the Chairman is as omnipresent in the media as Big Brother due to the Cargo-Cult confab in Jackson Hole, Wyoming.
2
zerohedge
How To Lose $400,000 With Credit Suisse Betting On A Big Jackson Hole Disappointment

Submitted by Tyler Durden on 08/31/2012 15:18 -0400

This Tuesday, we gave the podium to Credit Suisse's rates group with "How To Make $500,000 With Credit Suisse Betting On A Big Jackson Hole Disappointment" who in turn suggested that one of the best risk return opportunities heading into J-Hole, was to go short the 10 Year betting on disappointment by Bernanke (as a reminder earlier today we showed that virtually 100% of QE was already priced in). Well, Bernanke came and went, and although our personal take on the speech was broadly negative, which highlighted the adverse side effects of what would happen if there is another big QE round, and substantially toning the exuberant language from the latest FOMC minutes, which had previously made it seem that the majority of Fed presidents thought more easing should be imminent resulting in another centrally-planned market rip, the stock market did not agree with our take. At least not initially. As for Credit Suisse, it said to "put on a $50K DV01 short at 1.64% and expect a steep selloff when the Fed disappoints, with a 1.75% target. If all works out according to plan, everyone involved should be $500,000 richer at market close on Friday with Bollingers all around." Turns out nothing worked out quite as expected. In fact, as a result of the J-Hole remarks, we have had another stock buying spree of anything that is not nailed down, with gold popping the most, the DJIA soaring as much as 150 (although rapidly taking on water), and the 10 year... well, let's just say anyone who was on the other side of the CS prop traders, sometimes called "flow" for Volcker Rule purposes, is now down -$400,000 on a trade that was supposed to be a +$500,000 meatpacking extravaganza.