Fed’s Mester says the economy can handle a 25 bps hike; Fed’s Lockhart says he is confident the Fed is ready for normalization; Fed’s Dudley says he looks forward to the day when the Fed can raise rates
This is all I read these days, Fed comments sucking the varnish off that Federal Reserve rate hiking lever. Sometimes I ask myself “but why?” Then I remember that they just want to bankrupt CHK.
All of this rate hike talk is absurd. But who am I to player hate? If the Fed thinks it’s a good idea to literally crash the economy, I think it’s a good idea too!
Today at 2pm est, the Fed minutes will be released. We get to eavesdrop on the head nerd, J. Yellen, and her band of bumbling idiots, discuss the virtues of the U.S. economy–as retail stocks plunge by 35% off weaker than expected sales, oil and gas stocks careen lower on a never ending decline in crude, as copper stocks flirt with disaster, and as tech bellweathers plunge to multi-year lows due to an onerous business environment.
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Here is the real news of the day my friend: Tyson’s Recalls 50,000 Pounds of Chicken Wings
Yes. Because they all came from one chicken. Weird, I know.
FED: We will hike in Dec.
FED: Future hikes are very, very improbable.
Copper Bubble Disaster has even farther to go, ugly ugly bubble mess. No true demand at all, and nobody wants to take it as collateral for loans anymore. Fed increasing rates will destroy the use of commodities as collateral trade even further, all ugly. BUT still the stupid market took SPX over 1755ish which doesn’t make any sense to me, don’t they know or care how ugly this is all going to turn out?
Yellen will say F The Fly we are raising 100 bp.
raising rates makes no sense… http://ibankcoin.com/goodgreed/2015/11/17/remind-me-why-will-raising-rates-be-a-good-idea/
The Fed wants to bankrupt oil producers. Obama is on board. He keeps his “ISIL” remarks on the light side so not to rattle the price of oil at the prospect of WAR…good god ya’ll, what is it good for?
If a private college files for BK protection but students took out Federal student loans.. who pays for that? I’m guessing the tax payers?
http://www.latimes.com/business/la-fi-corinthian-loan-forgiveness-20151117-story.html
Corinthian had enrolled nearly 350,000 students who took out federal loans worth about $3.5 billion
How am I on the hook for that?? Or am I not and jumping to conclusions? Hard to find the facts here but when it says Federal loans.. it’s easy to assume.
Ah yes, Jihadi Janet and her merry band of macroterrorists.
much like combing the desert in Space Balls….THEY AIN’T HIKING SHIT.
I gotta agree with Matt
Really……….the FED will go aHEAD!! HaHa…….They have already exhausted every ounce of fuckin integrity that they ever had. I think if they do raise rates, they will go back to zero in a short amount of time. Why are we so FED driven?? I cannot wait for the great earnings of our US Companies to show up. FUCK THE FED!!
they are going to say ” watch santa claus murder the doom and gloom chartists “