While he has learned their movements, and put this information to work for himself, and the Turdites, to turn a handsome profit, it does not take away from the criminality.
"The trigger that's going to really send us into a higher gear is going to be the admission by the Fed that the economy is weak or the markets figure it out on their own. There's not a lot of stimulus left, all they've got is potentially negative rates and a huge round of quantitative easing, and this thing is going to blow up in the Fed's face."
Each additional “bite” from the pie pushes the market closer to the edge. How many bites are left in the pie?
The Winter of 2015-2016, which came to an end a few weeks ago, has been officially designated as the mildest in the U.S. in 121 years according to NOAA. While this fact will certainly add a major talking point in the global warming debate, it should also be front and center in the current economic discussion. The fact that it isn’t is testament to the blatantly self-serving manner in which economic cheerleaders blame the weather when it’s convenient, but ignore it when it’s not.
Tomorrow is already here, we just haven’t awakened to hear the news.
It may be almost impossible to underestimate the gullibility of professional Fed watchers. At least Lucy van Pelt needed to place an actual football on the ground to fool poor Charlie Brown. But in today’s high stakes game of Federal Reserve mind reading, the Fed doesn’t even have to make a halfway convincing bluff to make the markets look foolish.
The strange, ominous concept of "outsourced monetary policy" has returned — but this time we’ve put our monetary fate in even less-stable hands. Wjat Janet doesn't seem to comprehend is that putting oneself at the mercy of financial market sentiment seems a bit risky, given that Mr. Market is a well-known manic depressive.
We have the power and the weaponry to change every community, every state and the entire nation without ever firing a single bullet. How is this possible?
The last thing the Fed can bear is for a recession that may be bubbling just under the surface to boil over into full view in the months heading into the election. If that occurs, we all may be seeing a great many press conferences from Mar-a-Lago. That is a development that I’m sure Janet Yellen wants to avoid at all costs.
They are so opposed to it that there has to be something wrong with the story...
Even if you take the most forward looking date of 2018…we are on the cusp of a major change. Are you prepared?
Someday something will change and the confidence scheme will fail.
Janet Yellen is in a very difficult spot. If she continues to ignore the growing signs of recession, she runs the risk of letting one develop prior to the election. This would favor the Republican challenger who would be disinclined to reappoint her as Fed Chairwoman, if elected. Allowing the Greenspan bubble to bust on Bush’s watch sealed John McCain’s fate, allowing Obama to ride a wave of voter outrage into the White House in 2008. Yellen does not want Trump to catch a similar wave in 2016. As a result, we expect the Fed to soften its rhetoric in the very near future.
An in-depth discussion
This week’s reading list is a collection of articles from people who have been “getting it right” for the last few years. While they are often dismissed by the media because they disagree with “mainstream thinking,” it is quite apparent they had a better grasp of the issues in the end.