iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,468 Blog Posts

Gundlach: April Rate Hike ‘Inconceivable’

I am sure if given the chance to purge, if only for one night. Jeffrey Gundlach, a manager of $93 billion for DoubleLine, would choose vengeance against the hawkish members of the Federal Reserve. In light of today’s 0.6% GDP forecast by the Atlanta Fed, Gundlach is tossing cannonballs at the ‘faction of five’, a term he dubbed to describe assholes on the Fed.

“With GDPNow just slashed to 0.6 percent, an April rate hike should be inconceivable.”  What would last week’s ‘faction of five’ say now?” Gundlach was referring to the hawkish tone on interest rates by Atlanta Fed President Dennis Lockhart, St. Louis Fed President James Bullard, San Francisco Fed President John Williams, Federal Reserve Bank of Richmond President Jeffrey Lacker and Federal Reserve Bank of Philadelphia President Patrick Harker.

 Although an April Fed hike isn’t baked into the financial cake, several Fed heads have alluded to such a preposterous eventuality, especially following news that painted the U.S. economy as anything but dire.
It’s my opinion that the Fed are intent on seeing rates higher, just so they can lower them later–a Morton’s Fork if I’ve ever seen one.
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6 comments

  1. stockslueth

    They (we) are in a tight spot. Long term rates at near zero creates imbalances throughout the economy. Is the Fed the cure worse than the disease? I believe that Fed power has been misapplied over and over.

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  2. ironbird

    Could be the minimum wage hikes. Throwing the bogus numbers off. California just went ape shit.

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  3. frog

    Evidence Shows Increasing the Minimum Wage Is No Threat to Employment

    https://www.americanprogressaction.org/issues/labor/news/2014/02/18/84257/evidence-shows-increasing-the-minimum-wage-is-no-threat-to-employment/

    Why does anyone who thinks Trump is treated unfairly by the media, think Democrats are treated fairly? They are not.

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    • ironbird

      frog. You are a communist. Ever heard the phrase. One can not debate insanity. It is pointless.

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  4. bushwacker2

    I understand the Jeffrey Gundlach listens to Beethoven while giggling and throwing macaroons at pictures of Bill Gross. Strange dude.

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  5. Dr. Fly

    He’s Hannibal Lecter

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