Listen to me: these people at the Fed have hard-ons, Yellen included, to hurt you. They want to hike rates straight away, regardless of poor economic acitvity or global terrorist attacks that might slow growth.
Immediately following the Brussel attacks, Fed’s Bullard warned that the jobs market was going to overheat the economy, despite the fact that GDP SUCKS, straddled at 2%.
“We’re in reasonably good shape” with regard to monetary policy but “the odds that we will fall somewhat behind the curve have increased modestly,” Bullard, who votes on policy this year, said in a Bloomberg interview in New York Wednesday. “We are going to get some overshooting here in the relatively near term” on the non-accelerating inflation rate of unemployment “that might cause the committee to have to raise rates more rapidly later on.”
INFLATION IS THE ENEMY.
The market is discounting zero risk. The SPY is higher by 12% over 5 weeks. Crude oil is up 50%, yet nothing on the ground is indicating a jump in productivity or growth.
On these comments, the dollar is catching a bid again, helping crude drop too.
I absolutely hate stocks here and remain long TLT, short XLE.
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CL under $41.42 is a problem and there’s massive resistance at $45.
Im SHORT Nasdaqueries and LONG Bond. Full Retard.
Enjoy your 24 hours of fun ….
I wonder what Cramer’s chart-girl is saying now.
These Fed people need medication for their delusions.