Bloomberg Reporter Calls Out Yellen’s Fed Policy For its Retard Level Logic

Kathleen Hayes from Bloomberg called out Yellen for the state of the economy being in the tank — juxtaposed against nonsensical Fed Reserve tightening. Clearly, she hasn’t a legitimate reason to hike rates, other than to draw down the economy and cause a crisis.

Yellen said ‘policy remains accommodative’ yet she’s fucking hiking. That’s like me punching you in the face, whilst saying ‘I’m here to help.’

When Hayes asked if the Fed would continue to tighten should the economy continued to wallow in the doldrums, Yellen gave herself some wiggle room, saying ‘policy wasn’t set in stone.’

Well, look, our policy is not set in stone. It is data- dependent and we’re — we’re not locked into any particular policy path. Our — you know, as you said, the data have not notably strengthened. I — there’s noise always in the data from quarter to quarter. But we haven’t changed our view of the outlook. We think we’re on the same path, not — we haven’t boosted the outlook, projected faster growth. We think we’re moving along the same course we’ve been on, but it is one that involves gradual tightening in the labor market.

I would describe some measures of wage growth as having moved up some. Some measures haven’t moved up, but there’s is also suggestive of a strengthening labor market. And we expect policy to remain accommodative now for some time. So we’re talking about a gradual path of removing policy accommodation as the economy makes progress moving toward neutral. But we’re continuing to provide accommodation to the economy that’s allowing it to grow at an above-trend pace that’s consistent with further improvement in the labor market.

ONE DOES NOT HIKE INTEREST RATES WHEN THE ECONOMY IS GROWING UNDER 1%.

We truly dodged a bullet when Obama kicked old man McCain down a flight of electoral stairs in 2008.

In an effort to further his saber rattling against Putin and Russia, McCain is leading the charge to get Montenegro added to NATO. Libertarian Rand Paul, a man consistently against foreign intervention that costs the lives of millions, objected to it and walked out of the room — which then triggered McCain to make the following remarks.

“I note the senator from Kentucky leaving the floor without justification or any rationale for the action he has just taken. That is really remarkable — that a senator blocking a treaty that is supported by the overwhelming number, perhaps 98 at least of his colleagues, would come to the floor and object and walk away…The only conclusion you can draw when he walks away is he has no argument to be made.

He has no justification for his objection to having a small nation be part of NATO that is under assault from the Russians. So, I repeat again, the senator from Kentucky is now working for Vladimir Putin.”

We’re in full blown red scare mode in establishment s h i l l America.

How long can we permit them to keep getting away with this sort of stuff? There will come a day when the right wing goon squads will have no choice but to place these people into large shipping containers, and then sink them to the bottom of the ocean.

Meanwhile, right wing tards continue to get beat down — across the nation.

Last night conservative talk show host, Michael Savage, was attacked by a 6’5 man outside a restaurant after eating dinner — who also kicked Savage’s dog — because liberalism is a mental disorder.

Michael’s attorney said they’ll be pursuing felony charges.

“We’re going to seek felony charges against the man and we’re going to investigate this as a Hate Crime because of Michael’s political views.”

Here is Savage’s account of the assault.

“I was leaving Servino’s restaurant when a total stranger followed me out of the restaurant and confronted me. He said, ‘Are you Michael Weiner?’ I turned to him and sid, ‘Go away, I don’t know who you are. I turned to leave and he pushed me and I fell down. He moved toward me to pushed me down and he shoved my 10-pound poodle out of the way to get to me. He has lied and said I pushed him. That is absurd. Both of my hands were holding onto things!”

Savage and his dog are okay. Some websites said Savage incurred a bloody nose, but that has yet to be confirmed.

The National Weather Service was warning of a monstrous storm yesterday, one that would lay more than 2 feet of snow on NYC streets and surrounding areas. The net result was more nothing. Great. There’s nothing wrong with being wrong about forecasting the weather. After all, weathermen are barely literate people. But in this particular case, THEY FUCKING LIED — as not to ‘confuse’ the pavement apes who scrape their knuckles on the NYC streets.

Shep Smith laid into them for lying, calling it ‘WRONG’, as flamboyantly gay Shep could only do, always with a flair for the dramatics.

Matt Drudge has been very vocal about the NWS failures, saying it has become a sordid cabal of politcal hacks, Obamaites — offering FAKE WEATHER to the people as a form of wanton perversion of science.

These people should be electrocuted on wrought iron gates, or tossed into active volcanos or twisters. As a meteorologist, I’m sure that’s a nice way to die — having your arms and legs torn from your torso inside of the vortex of a twister — shoveling shit in your mouth the whole time as it tears through some asshole midwest town filled with religious folk.

Do not try to understand why gold went up today, or how a Fed rate hike and hints at 2 more for the year was construed as dovish. Just go with the flow — Hakuna Matata.

When you come to realize, finally, that all of your years of study and experience mean nothing in a battlefield filled with fucking retards smashing in each other’s skulls in with their shields, you will find a sort of peace. For two decades, I curated my skills, read innumerable books, expanded my money management business to enjoy 1%er type wealth — only to later find out most of everything that I learned was meaningless horseshit.

The only reliable method of research that I am able to repeat over and over again are found in the confines of Exodus — examining market behavior without emotion. It’s very hard to do and sometimes one does get caught up in the moment — boarded on an arc filled with gay giraffes. But, the data rhymes and often repeats itself — permitting attentive students of the market to glean an edge.

As expected, gold stocks traded higher on a Federal Reserve rate hike, said no one but a select few.

Quick take on gold: Oversold on Tuesday, bouncing now, as expected. @ppt_exodus $gld $jnug pic.twitter.com/dbc0cotZyp

— The_Real_Fly (@The_Real_Fly) March 11, 2017

The action was palatable, with the sector higher by 9%.

CNBC had Bill on to translate what had happened at the Fed meeting — relying upon his deep reservoir of experience in the credit markets.

Gross viewed Yellen’s comments as ‘dovish’ — because they only mentioned to more hikes for 2017 and another 2 in 2018. He chalked it up to Janet being a natural dove, big lover of easy monetary policy.

In Bill’s big bug eyes, fiscal reform and potential tax policy adjustments are secondary factors to the actions of the BOJ and ECB — who he thinks are buying the stuffing out of US treasuries in their ridiculous QE programs.

What’s most important to Bill is the potential cessation of QE — which would then usher in a new era for credit markets — one that will be rued for all eternity, bringing forth with it ‘hell’, alluding to potential majorly drops in bond prices.

The market never ceases to amaze. In light of the Fed hiking for the third time in the past 11 years, hinting at two more hikes for 2017, the sages of Wall Street are responding dovishley, with boyish naivety, as if they just lowered rates.

At the very core of Fed hikes is the notion that it will prevent an overheating of the economy — bolster the dollar — and provide banks with a steep yield curve. It is, inherently, anti-growth.

But the market is viewing it as anything but that — more of an affirmation that things are getting better.

The Dow is higher by 100
The dollar is DOWN 0.73% v the euro
Copper +1.4%, WTI +2.7%

And, interestingly, bonds are rallying too.

Victoriously, I anticipated these shenanigans and allocated 100% of my assets, which were hitherto in cash, in a singular stock of glorious proportions.

Let the rally commence and gains to be enjoyed.

The Fed hiked by 25bps, laying waste to any economic model that calls for easy Fed policy when the economy is shit.

Here is the insane Yellen ‘dot plot.’

And here is the statement.

FOMC statement pic.twitter.com/0B4OJL8LaM

— The_Real_Fly (@The_Real_Fly) March 15, 2017

Neel Kashkari was the only dissenter on the Fed, opting to not vote in favor of stupid Fed hikes.

I realize there are many who believe the Fed should hike — because MUH inflation. But those people are wrong. The issue here is debt and growth. Without resolving those issues, nothing will improve. What the Fed is doing now is merely provoking catastrophe to prove their relevance.

#Yellen: Our decision to make another gradual reduction…reflects economy's continued progress toward employment/price stability objectives pic.twitter.com/znuaf75oTk

— FOX Business (@FoxBusiness) March 15, 2017

Berlin can exercise its legal prerogative to ban Turkish politicians from campaigning in Germany amid a row with Turkey over its presidential powers referendum, Altmaier said.

“We protest strongly against the Nazi comparisons and the grotesque accusations being made,” the head of the Federal Chancellery said in an interview with German newspaper Berliner Morgenpost, published on Wednesday.

“Turkey is always keen to ensure that its honor is not violated. Germany also has honor!” the CDU politician noted.

“An entry ban would be the last resort. We reserve [this] right,” Altmaier said.

On Tuesday, Altmaier’s home state of Saarland introduced a ban on election campaigns on its soil by foreign officials. The southwestern state has become the first to introduce a ban on foreign officials holding political rallies on its territory.

“Turkey’s Internal conflicts have no place in Germany,” Saarland’s state premier, Annegret Kramp-Karrenbauer of the Christian Democratic Union party (CDU), said, as quoted by Die Welt.

“Electoral campaigns which endanger peace in our country should be banned,” she added.

The row between Berlin and Ankara erupted earlier this month after German local authorities cancelled several campaign events by Turkish ministers in support of the upcoming April referendum on expanding presidential powers in Turkey.

Read more
© Osman OrsalTurkish politicians campaigning in EU make economic aid ‘extremely difficult’ – German minister
While two of the communities cited “security concerns,” another said that the agreement between the demonstration organizers and the town hall excluded any political events.

There are around 1.5 million Turkish citizens with voting rights living in Germany. In an effort to whip up support among Turkish citizens living in Europe, Ankara is sponsoring a series of rallies of Turkish citizens, campaigning for their votes in the plebiscite.

Berlin denied any political involvement in the cancellations, saying decisions were taken exclusively by local officials. Turkish officials did not, however, accept the explanation, with Turkish President Recep Tayyip Erdogan comparing the cancellations to “Nazi practices.”

“Germany, you have no relation whatsoever to democracy and you should know that your current actions are no different to those of the Nazi period,” Erdogan told a crowd at an Istanbul rally.

German Chancellor Angela Merkel has called on Ankara to stop using Nazi references over the cancellation of Turkish rallies in Germany.

“These comparisons of Germany with Nazism must stop… We will not allow the victims of the Nazis to be trivialized,” the chancellor said in the lower house of parliament (Bundestag) on Thursday, noting that she was saddened by a comparison that is “so out of place as to be unworthy of serious comment.”

“It cannot be justified. Nazi comparisons only lead to misery”

I’ll tell you what I bought later on this week. Out of respect for Exodus members, I won’t tell you my trading ideas in real time anymore. It’s not like any of you shills deserve it anyway.

To the point, everyone is expecting the Fed to hike and talk extreme shit about future hikes. Oil is trending up again and Trump defeated Rachael Maddow and has caused the left to devour one of their own. Ergo, and quite literally, nothing can go wrong.

That’s right, I fucking said it.

Rant forthcoming.

There is nothing but upside from here. All persons long equities stand to make enormous fortunes. The economy no longer concerns me. Trump is now our leader and all is well. Trumpcare sucks, but so does Obamacare. No change on that end. If oil catches a bid and you are short, you’ll end up speeding yourself at highway speeds into a brick wall, CIA style.

I can go on. There’s a litany of reasons why I rationalize my trades with news items and events in order to justify my actions. At the end of the day, it’s me against the machines — fighting the good fight to make financial blogging great again.

Many of you probably don’t know it, but finance blogging used to be fun, exciting and many were doing it. Back in the day, OA and me were two of many prolific traders out there who talked about markets and trades every day. Now there’s only a handful left, because most of them blew themselves to smithereens.

The new traders don’t even know what a blog is and instead opt for ADD styled twitter comments for their followers. In a way, finance blogging has become old hat, sort of like newspapers and black and white televisions. In order to keep finance sites relevant, you have to discuss different topics, which is why I’ve expanded the site to different genres.

It’s called evolving with the times.

But some things remain constant, as I speed chop carrots with my testicles grotesquely displayed atop the counter, furiously mincing and dicing, 100% long 1 stock into the Fed.