This is very reminiscent of the credit crisis of 2008, when those fucktards at the Fed were jacking rates up in the face of an industry in crisis.
“Given the progress we’ve made and continue to make on our goals, I view the next appropriate step as gradually raising interest rates, most likely starting sometime later this year,” Williams said.
Let’s summarize our economy and see if this Fed Williams is right.
Tech: A Fred Wilson induced bubble of epic proportions.
Biotech: Don’t even.
Oil and Gas: The #1 source of high paying jobs in America, now in ruins.
Retail: Come on, son.
Utilities: Really?
Industrials: China says no thank you.
Pray tell me, Fed Williams, where is the strength you speak of and how does higher rates do anything but hurt us at this moment in time?
With people like this leading us, it’s no wonder how we got to a place where we have 19 trillion in debt, an insane foreign policy agenda, and Donald “fuck you, you’re fired” Trump leading in the polls.
Fuck the Fed (I thought I’d never utter those words).
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Yikes
Here’s the real question you should be asking yourself: why do 10 men and women set interest rates for the entire U.S. economy?
People like to bitch and moan about the 9 lawyers making law on the Supreme Court but maybe they should concern themselves more with why 10 men and women, at the behest of Goldman Sachs, et al, essentially decide the price of money for all?
The central bank is the disease, not the antidote. One day everyone will realize this.
The biggest reason Fed can’t raise is the world simply cannot withstand a strong dollar.
you seem to be ignoring what the Fed is actually saying, each and every day
Perhaps vandamme believes that “the Fed talking about raising rates” is the new “raising rates”
I’m pretty sure they don’t all use the same astrologer.
Not many hiding places. I have some munis that are holding up. Some staples, like NSRGY. But this was not a good day. I feel like capitulating. I hope somebody else beats me to it.
If they do not hike they become Japanese. Watching disgusting porn. Irrelevancy is a bitch. What did we expect having an old lady gnome running the money show?
will they use the calamity that follows a rate hike to introduce more QE?
Carly for Fed chairman!
That woman has hair all the way down to her balls.
Dr. Fly, the president said “The economy, by every metric, is better than when I came into office.” Tightening is just another way of saying “mission accomplished”. Everyone needs to quit crying, and congratulate the man.
so not being in an economic depression is his hurdle?
The Costanza president…
I would have preferred that they just hike by a quarter point, say they wouldn’t hike again for a “considerable period” or something, and leave it at that.
This bullshit of not hiking but having the fed governors out there all calling for hikes has created a ton of uncertainty.
Yes, as I mentioned above, “the Fed jawboning about raising rates” is the new “raising rates.”
So let me get this straight they want to raise so in we get into trouble they can lower, but business is slowing around the globe credit mkts seem to be drying up. raising rates makes sense?
1941 days still president trump takes office and this will all be solved.
Yes, he has the perfect solution. He won’t say what it is, but it’s going to be GRRREAT.
Till**
Commodities are screaming higher, they have to raise!
Oh wait……
It seems as if most are expecting to retest or break the Augy lows and then zoom higher. Again it comes down to whether this time is different. Seems to me that there are a lot of fires burning, and its not just a fed issue, i.e. Glencore, commods, earnings season, emerging mkts, europe slowing, and central banks largely out of new strategies. Also think the rate hike could firther exhibit strength of the us saying fu to all other nations and that the dollar is king.
Rates have nothing to do with the performance of the market …Let’s look at recent times the Fed raised rates. Through most of the 90s (the markets went straight up). 1999, the Nasdaq 100 went up almost 100% over the next year (and value stocks continued to go higher ever after the crash).
From 2002-2007 the Fed raised rates every chance it could get. The market went constantly up.
And none of that was from such a low base of 0.25%.
To blame this because the Feds rate with go from .25 to .50 is simply ignorance.
the Fed is a deer in their own headlights .. they remind me of squirrels crossing the highway hoping not to be roadkill
What happened to the threshold 6.5% unemployment? (lol) They know it’s bullshit (bls numbers)