Fed’s Yellen just got finished with an interview, where she jabbered on a long while without saying anything. Reporters are trying to paint this as some sort of revealing interview, when it’s just nonsense.
Here’s a few tweets that sum up here long winded exchange.
Yellen says that the Fed should be "wary of moving too gradually." US 2-year yields rise, are at their highest levels now since Oct 2008 pic.twitter.com/9IcXes4zCE
— Lisa Abramowicz (@lisaabramowicz1) September 26, 2017
December rate hike odds approaching 100% on Yellen's hawkish speech pic.twitter.com/Isc1Gau8ll
— zerohedge (@zerohedge) September 26, 2017
Fed's Yellen: Pace Of Rate Hikes Hasn’t Matched Dot Plot
— LiveSquawk (@LiveSquawk) September 26, 2017
She’s an animal, not of the human species. Yes, she acknowledged that inflation is non-existent and that her fucking dot plot failed by all measures — but she’s still going ahead with the December rate hike — fuckers — and there’s nothing you can do about it.
Currencies haven’t budged, but yields are rising. I suppose people are now pricing in more Fed hikes, while also jacking up stocks. The NASDAQ is now pressing ahead by 27, with purpose now, because that dastardly Yellen interview is out of the way. We really dodged a fucking bullet with that one, eh?
Back to yields, the 30yr isn’t even up 2bps, so it’s really a gigantic nothing-burger on a vegan grill. How many ways do I have to tell you people that the Yellen interview was stupid, irrelevant, and without purpose?
Yellen is a savage animal.
— The_Real_Fly (@The_Real_Fly) September 26, 2017
STOP TWEETING ABOUT IT.
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Why did you sell $FIZZ?
Because I didn’t want to hold it anymore.
Inflation is in the eye of the beholder.
If you want to see inflation go to the grocery store.
If you want to see inflation go to the stock market.
It’s pretty clear that the FED is finally recognizing that supply-side, push-on-a-string, inlfatioanry policies do not work with the kind of income inequality we are seeing in the US. They want to slowly deflate the balloon without casuing a market-popping (pooping?) plunge.
It’s called controlled demolition.