I am pinning this post here for several hours, barring a Martian invasion at Grovers Mill. Please help this lad from the sewers of Brooklyn understand what is transpiring over at the Federal Reserve.
Just yesterday, the Chair of the Fed said we needed to ease up on the rate hike talk and behold the fuckery of global economies, for they were slowing. Markets surged on the news. We went from a potential April rate hike to none at all inside of a few hours.
Now, in a fuckery to end all fuckeries, the Chicago Fed President, Charlie Evans, said the economy was super strong. Smugly and with confidence, he boasted of a 2.5% GDP estimate–concocted out of his office. This, of course, is above median consensus. Because of this eventuality, coupled with the robust jobs market, inflation might edge up towards 2%, or more.
Flatly stated, he believes the Fed will hike “two or more” times in 2016, totally and completely ignoring what Fed Chair Yellen said yesterday–as if she were an apparition–invisible to the Chicago pizza eating eye.
No one gives a shit. Dow futures are higher by 106, as if Evans never said this. BUT I HAVE THE VIDEO.
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A crack dealer friend of a friend tells me the Fed are regular customers ….
This is just more good cop bad cop. It goes like this:
Yellen: Hi I’m dovish as the holy pits of hell.
Yellen’s Cronies: Hi we are slightly hawkish because the economy is so great.
They are banking on the market taking the optimistic approach and only hearing two things: Dovish Fed and Things Are Great. Working so far and if they are able to crush the dollar, boosting oil, who knows how long this could go on.
They are all liars.
I jumped off the ark yesterday. They are trying to sink it.
All coordinated with PBOC.
I have never seen such backstabbing . We
need an “ALI” to emerge.Some one tough
and smart enough to figurativley smack
the crap out of those who don’t know what
they are talking about.
i just sold the rest of my AAPL above 110. note: 80% of my sales continue higher
The Fed has done this over and over again for a long time now. It must be working. If we look at the results of their doing this, we will know why they do it. If it wasn’t working– getting them the results they want– then they would have stopped doing it a long time ago.
Chartists waste their time on things like where technical lines cross. Instead, they need to chart the market, ever since the Fed started doing this. The only labels you need are the points where each Good Cop statement, and each Bad Cop statement, was issued. That would make the results clear. Forget where moving averages cross or any of that shit. The Fed is the indicator.
Merci