This would’ve never happened under Chairman Bernanke. In a few short years, under the tutelage of a unqualified Yellen, the Federal Reserve have become irrelevant, neutering themselves a little bit at a time, slowly but surely, speech after speech. The whole notion of hiking rates in this fucking environment is beyond absurd, it’s suicidal.
We know our Fortune 500 companies are hurting, laying off jobs, because of a strong dollar. So what does out Fed do in response to China blatantly devaluing their currency? They discuss rate hikes!? Think about that for a minute. We are working for the Chinese, bolstering our dollars for their benefit.
I am not surprised by anything anymore. This isn’t a nation led by the people for the benefit of the people, but instead for a select few, by a group of individuals I’d never like to see at my children’s birthday parties.
We closed down more than 300 today. Nothing was resolved. We left the marketplace without a glimmer of hope. Asia is going to get harangued into submission tonight and Volkswagen will ensure more bad news in Europe. It’s a good time to be short. I harbor zero regrets because every decision I made, I made them with good intentions based upon the reliable information that made me coin in the past.
What’s the point of discussing “buy lists” and levels to look out for? It’s full blown crisis out there and no one is manning the ship. Janet Yellen is at her local diner, eating an egged salad sandwich, then vomiting the whole thing back into her mouth, practicing for her next public speaking performance.
Fuck me.
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Who will benefit from raising rates except the banks?
China
My chinamen neighbor has a Yellen head in his garage, now I know why.
Seniors Savers Middleclass Chuck Norris
Fuck savers, its ride or die spenders only in Amerika.
dudley is a fucking moron.
The U.S. Government in the final stages of its power. Martin Armstrong was right, this is the peak in government. We will see separatists movements EVERYWHERE, including here. The FED is not going to tighten. If anything they will expand their balance sheet via QE to try to maintain the illusion of a recovering economy via inflation of the stock market.
I truly think they will let the market start to collapse or come up with some other false flag event to use as an excuse to do QE on a grand scale.
Government is populated by evil men, which is why we never should have let it grab so much power from us, the lowly plebs.
be careful about spewing that stuff in public.
Haha I know man. I’ve already been labeled a tin foiler so I’ll be ok. I don’t even register compared to guys like Alex Jones or gasp (!), Edward Dowd.
It’s getting increasingly hard to ignore the financial mess the central bank and Congress has given us. That’s my only point. Something has to give. You can’t just print your way to prosperity with zero wage growth, stagnant REAL unemployment, etc.
Anyways, let’s hope that all the tinfoil gloom and doomers are wrong and everything is rosy.
Very reasonably stated. Bears essentially said do not trust government
@Quality Control Inferno
Thx bro. I’ve never trusted government to give me a prosperous life. I don’t know why so many people have faith in government. If anything, they are a giant weight on all of our shoulders.
Rate hike, no rate hike, blah blah blah. The central bank shouldn’t even exist. The FREE MARKET should set interest rates. Would we get depressions? Yes, but they would last only so long as the business cycle NATURALLY calls for. Enough of this bullshit central planning game we’ve been playing for 100 years.
Yellen had a menopause hotflash
Stocks go up for the rest of the week.
Bonds go down.
Proprietary info don’t use it.
thx. I won’t tell a soul
If O-Ren (Lucy Liu) was running the Fed, we wouldn’t have all these Fed governors talking bullshit between meetings.
https://www.youtube.com/watch?v=prDCDmchtTg
Cue Cramer , “Nuts, they’re nuts, they know nothing!”