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Is The Fed's Uberdove Turning Hawkish?
In 1996 it was Alan Greenspan with his "irrational exuberance" call, is Janet Yellen sending the same message, as she warns...
- *YELLEN SEES SIGNS "SOME PARTIES ARE REACHING FOR YIELD"
- *YELLEN SAYS LOW INTEREST RATES MAY PROMPT "TOO MUCH LEVERAGE"
Did the Fed's most dovish member, and likely next chairperson just suggest that, while 'lower for longer' rates will continue, that stocks and high-yield credit look a little more than frothy.
Live Stream of Yellen's comments (and ongoing IMF conference)
And this is just months after Fed board member Jeremy Stein who launched the first hawkish warning on the visibility of asset bubble, especially in corporate credit - Overheating Corporate Credit Markets.
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'Chicken Wings' Yellen>
It is getting more difficult to trot out the "Nobody could have seen this coming" excuse.
No shit, Janet.
Don't forget they'll take away your ladies room key if you bitch, too much
This is your next Leader, BTW, or so money has it...
Be a done deal if she was a transgender minority female...
One fuckin bomb threat and Fed J-bitch Yellen comes out of her fuckin hole and says that the Fed will stand-by to make sure markets are fuckin stable and act normally??? When was going up every fuckin day NORMAL to begin with?
If Old Yellen is the next leader, she'll likely preside over The Great Collapse, which means she'll probably meet the same fate as that other canine.
Screaming and Yellen, moar QE!
In other news: Janet Yellen just announced she is NOT interested in The Bernank's job come 2014.
1)the game is....use current fed chief to bubble of all assets to get wealth back into markets.
2)when the last ponzi dumb foreign saudi prince money is all-in, alert banks to take money out and go short ,then crash the system.
3)current fed chief resigns, and president brings in the next guy as "change"
4)next guy/gal says unemployment is too high, print!
5)back to step #1
Communist Chinese do the same thing. so it is not the person...but the way this game works.
If you time it right and follow the Fed, you will be a wealthy men.
Surely Janet knows the Europeans and Brits run the FED. (they are the ones who installed the financial terror organization.)
I know, she forgot to read what went down in 1910 - 1912.
Yellen, the gold killer.
'tis shebrew doublespeak
She should be forced to put her retirement into SPG then.
retirement is for peons who work for a living to save up for a day he/she could no longer work.
elites don't retire. they have fun jobs playing GOD where they want to work till their death.
Have you ever heard of pope, politician, board member, fed chairmen wanting to retire????
Things are changing...One Pope did!
Fuck you Bernanke
She should get back on the boat what brought her here.
Janet Yellen looks like a troll. I guess thats what we need at the top of the fed.
That does it.
Equities and high yield are being set up for a CRASH, just like in 2008.
Remember, gold/silver, oil, and copper all started plummeting 3-6 months BEFORE the fall of 2008, when all hell broke loose.
Tick tock.......
PS. I'm lowering my downside target for gold from 1200-1250 to 1100, because when the shit hits the fan, gold will get sucked in. USD will soar. US ten-year will go sub 1%.
There you go. Now you're catching on.
Just don't count on fast reflexes to save you when it's time to bolt. It'll happen over a weekend. Out every Friday afternoon at 3:59 (after the ramp, before the close).
Indeed. I closed out my Fannie and Freddie trades 20 minutes before close the day they wiped everyone out. One of the best trades I ever made and it was dumb luck.
The low on gold is around $1500/oz and the low on Silver is around $29. Throw these spot prices out the window. These dealers have made it clear they won't part with them for less.
1436 bank wire for gold fonz:
http://www.gainesvillecoins.com/category/772/2013-us-mint-gold.aspx
and that's when you short the US ten year and go to sleep
I strongly suspect that Obama and Boehner were extremely close to ordering Bernanke to stop QE in the march meeting.
I strongly suspect this upcoming meeting in May we'll say bye-bye to QE.
The economy is in contraction due to it and I don't think either Obama or Boehner can risk any longer continuation of QEs, politically.
I really want to believe the hierarchy works like that.
It has always been like that, always.
But the MSM propaganda of the idiotic Fed independence, has made everybody numb.
Fed does what Congress tells them to do, PERIOD.
Fed advises and executes, Fed does NOT make final decisions.
Truth is that congersmen are clueless and agree mostly with what the Fed ADVISES. But when the shit hits the fan, congress immediately blames the Fed, as it happened in 2008.
It is also becoming more difficult to tell Japan to stop "manipulating" the yen while we're printing to infinity.
Japan is a USA military protectorat.
Japan does nothing, absolutely nothing, before consulting with USA.
US is empire foremost, economic giant second. US CONTROLS trade, and let others exchange goods for a living.
Just like a mob, doesn't actually operate businesses.
So is WWII loser Germany (US boots there).
True. As Nixon's Fed chairman once said, if we don't do what the president says, we'll lose our independence!
The Fed is hyper politicial. BUT, I don't know if they'll really back pedal on this one. I think the most clueless congressman knows what happens once you pull the QE rug from under the economy: a much due recession.
click your heels together 3 times and say "there is no place like wall st, there is no place like wall st there is no place.............
They can't stop QE unless someone steps in to pick up the slack for buying Treasuries. Just say no and be responsible with your spending is not an option for the Federal Government. The only way it works is if Japan turns printers and full on retard speed which it looks like they will do, they have to stop ZIRP on Treasuries if Japan is to pick up the slack. There has to be some return on investment or else it won't fly. They can't stop monetizing the debt, the politicians will go nuts but they can play 3 card monty and have Japan do it for them instead. The banks and MBS securities are another issue.
There are only two options left:
1) Allow the economy to get worse and worse. We are currently contracting
2) Let a couple of primary dealers collapse along with commodity prices and allow the economy to grow.
There has been this propaganda day in and day out since 2009, that the Fed made the economy grow with the QE.
The truth is that the economy grew because George Bush released the oil from SPR and forbid margin trading of crude oil. Crude collapse to NORMAL pricing, $50/barrel.
Obama comes to power, re-allows crude oil margin trading, re-allows commodity financialization by primary dealers by use of QE money, hence economy died again.
QE = Death of real economy = Survival of few major banks.
Halting QE = Resurrection of the real economy = Death of few major banks
I am expecting stopage of QE during next Fed meeting by White House and Congress orders, who constitutionally are the bosses of the Fed.
This can no longer continue. Some banks have to die, period.
They will allow the economy to get worse while telling us it's getting better. This is where you underestimate the power of TV
It's gone too, too, too far
correct on it's way to tooooooooooooooooooooooooooooooooooooooooooooooooooooo far. Then a 2% dip.
LOL
Stopping QE means Barry and Congress have to make tough choices. Not gonna happen.
I don't think there is any 3rd option left
WW3
naah
right now, USA is unmatchable, love it or hate it
ekm I can not see that happening - but how I would love for you to be right...
You think it's contracting now, wait until the 10 year yield is >20% after the Fed stops buying.
There will be money distruction due to shadow banking liabilities exploding, derivatives.
It will create fake demand for dollars, because all shadow gambling is done in dollars
And the dollar goes ballistic and KILLS the export economy. Right.
Oboehner can't afford to NOT QE politically.
Which exports?
What is USA exporting?
Say bye/bye to QE, then say hello/hello to USA sov debt default.
this was too easy. the gold killer.
just took a nose dive erasing all gains on the day...
they took away my gold
they took away my silver
now they are coming for my pressure cooker
whats a poor prepper to do?
Who really gives a shit.....We are all Fucked anyway it goes!!!!
the fed guarantees all bonds everywhere in the world so why not reach for yield? buy mbs, junk, whatever. no-one is allowed to default ever
More likely afraid of losing the US Dollar as the Reserve Currency.
China making Bold moves to side step the US with their Trading partners avoiding trading in US Dollars.
The FED has been reckless with their Money Printing.
Don't think the Chinese do not know that the FED is diminishing their holdings of US Debt. They are pretty smart people and I would not underestimate them.
All fine and good, unfortunately the PBoC is printing just as well. I'll be impressed when they let their currency float in real time without manipulation. It won't fucking happen, their production costs would explode. But ues, far smarter when it comes to currency manipulation and keeping the people in line than any other country.
Then it depends on who has the most physical gold when the music stops.
"More likely afraid of losing the US Dollar as the Reserve Currency."
Of course! The only reason there is this nonsense talk of stopping.
The Fed knows they cannot stop buying US debt. Their the only ones around now.
The Fed's recklessness will continue until a US dollar crisis occur.
I frankly think we are going to see it within the next 2 to 3 months at this rate. Benny boy and rest of the Keynesian printing bozos and sycophantic ass sucking leeches like Krugman are going to be taken to the woodshed by deflation and economy doing an outright collapse blowing up the idea that printing is production and you can print your way to the promised land.
"Low interest may prompt too much leverage."
What, they didn't learn this in 2008? 2001?
This talk will stop if markets go -5% or more.
Where's " Dirt Breath" Krugman?
Must be at the grocery store shopping for a $10 toothbrush?
ya, that guy is a pain in the ass.
Yeah, he disappeared like Robot Trader. He'll be back.
This money printing princess is gum flapping.
The Fed is worried now about being percieved to be to easy. That's why their talking about curtailing printing
She is no hawk by any means. She may be worse than Bernanke when it comes to printing.
You didn't have any common sense in the Fed since the early 80's Greenspan kicked off the new reckeless Fed and it's been getting worse since he took over.
Ya just can't put one past Janet Yellen.
Trying to jawbone the 'irrational exuberance' of the economy down a tad?
And, I guess the rumors are true that Bernanke is leaving and Yellen will be taking over, since Yellen is being much more visible lately. That means society is not going to collapse until at least after Bernanke gets out of Dodge, then all bets off.
that's all she'll ever do is flap her gums
If she's going to be the next pin head in charge of the world I'll need to brush up on her profile and what meds she takes.
I would/should say, humble as I am: part of the game!
She's just moving to the center in an image makeover in preparation for taking the helm.
-and not really moving, just providing some more moderate sound clips for her Senate hearings.
So that means 3 years from now we're gonna have a stock market crash? BTFD! /s
How will the govt pay its debts if rates rise and receipts don't? It won't so rates won't rise. I look to the Fed to double down on QE next month. $120b+ per month.
You got that right. The Fed increases QE to $120 billion/month or more. Maybe eventually to $170/billion month.
This crap won't stop until the dollar collapses.
A+B =c Yogi. When food inflation outsources itself, the serfs will run wild. The BLS and Fed. can talk their shit all-day long.
I go to the grocery store every week! (excuse me while I burn off some Fukishima Radiation)
Has she been in a coma for the past 13 years?
This BITCH IS A FINANCIAL TERRORIST # 2 ! Behind Cartel Boss Bernanke ! She's on record wanting NEGATIVE INTEREST RATES !
Yellen belongs in prison ! And this CUNT is in line to replace Bernanke !
Another MOPE moment from the FED. Does anybody really believe they will stop printing money unless the market forces them to do so?
QE can't end or the US government will face a real reduction in spending which equals decreased GDP which equals a recession.
This is just the Fed using its power to influence markets (as they have said they would). QE will need to increase if they wish to keep the fiat growing, the governemnt spending and the 'economy' alive.
This is the end...my only friend the end...can you picture what will be ...so limitless and free...Show me the way to the next wiskey bar...