The always humorous and eccentric Fed’s Williams said in a speech this evening that the grim economic data were nothing more than transient cancer bubbles, floating in the ether–away from infecting the host. He approved of the current economic situation, pointing towards a “solid domestic economy with good momentum going forward.”
More than that, he doubled down on his bullishness, saying “I remain confident about the road we are on.”
With regard to the arduous topic of Federal Reserve interest rate hikes, Fed’s Williams broached the topic, flippantly suggesting that they start to ‘normalize’ “preferably sooner rather than later.”
Yes, indeud. As you were, chaps.
Update: In Q&A, Fed’s Williams, likely whilst drinking a glass of chardonnay, said he does not worry that a flat or inverted US yield curve signals a recession. Everything is fine.
Go ahead lads, keep buying stocks and not bonds. Whatever would make you want to stop? If it feels good, do it in the road.
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Are you taking profits in TLT? or still buying
I will not sell until the yield curve inverts.
won’t invert if they never hike.
Gibberish. Go check spreads. They’re tightening
Williams is a dick.
Raising rates would probably hasten a recession and not raising rates means the Fed won’t be able to stimulate the economy with lower rates when a recession does occur. It’s an interesting predicament.
Raising rates will not hasten a recession. It will bring on a depression. The Fed can’t stimulate shit anymore. Pushing on a string as they say.
Did you wake up from a dream? Pre-qe-bears and realists declared and foretold that, 6 years ago. Maybe you wokeup from a dream… I’m sure no insult was intended… as if you’re the one “discovering” the resulting snag
He looks like Corky
Funny, he is also worried about legal pot growers not paying taxes (my inference).
http://www.reuters.com/article/us-usa-fed-williams-pot-idUSKCN11D06T
Seeing some serious puts being purchased in the EEM ETF lately……..could be a tell.