What exactly has transpired recently, other than that singular bad jobs number, to deserve this treatise by Fed’s Bullard?Nevertheless, it appears the man from St. Louis has, finally, seen the light.
Joined Nov 10, 2007
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Fly,
President Obama met with Yellen earlier this year. That discussion, and I really do believe this, went something like this:
“Hi Janet, there is a dump truck out back filled with Werther’s. Ok? Just like you said.”
“Are they Originals?”
“Jesus Christ Janet yes. They are Werther’s Originals. Exactly what you requested.”
“What brings you here?”
“… you serious? We literally talked about this just yesterday. Alright listen, Janet, we need Hillary elected. I’ve got a lot of stuff going on that I don’t want made public by the next president and Hillary is in my club. So, we need her to win. That means I need the stock market to go up, or at least stay flat. Do your job and keep the market up. And if you want to close it at all time highs on the day I leave office then… actually, do that. So, are we on the same page here?”
{Staring, mouth filled with Werther’s, nods yes}
Too hot a market becomes more prone to larger drawdowns, and so you see the game the Fed is playing. Good cop when the market gets a little too depressed, and bad cop when it gets a little too hot. They are literally only focused on SPY.
Anyway, I’m considering shorting both bonds and/or gold. I’m thinking shorting gold is the better bet.
Those in favor of globalization, that is – those already in control, are not going to give up control so easily. It’s not who votes but who counts the votes yada yada.
Solid take. I have no idea who is right so I just stick with my asset allocations in cheap index funds, hold a third in cash, and buy whenever the latest panic leads to a 10 percent drop. The corn is up so I should eat this winter. Beyond that I just view it all as cheap entertainment.