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Fed Members Reach Peak Complacency
Amid consternation at the market's low levels of volatility - and concerns voiced regularly by Fed officials of 'complacency' - it appears the FOMC has never been more confident in its omnipotence. As WSJ reports, despite being consistently too optimistic about economic growth and too pessimistic about the falling unemployment rate, Federal reserve policy makers have never been less uncertain about their forecasts...
With consensus 2014 GDP expectations collapsing to +1.7% (and the Fed still at 2.1 to 2.3%), it appears the Fed's peak complacency is perfectly anti-correlated to the actual uncertainty about the future.
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Ah, who gives a shit....
Hah ha haha ha ha ha ha ha ha
https://www.youtube.com/watch?v=OQufxG1GcAk
Lower Treasury funding due the higher withholding and corp taxes. Shortage of quality Treasury notes/bills result from QEs held by FED. So tapering reflects will not result in less liquidity and gives FED flexibility for another QE if needed. DJIA 35000 within 4 years and gold at 700/oz. FED should be confident.
all gamblers are confident after winning a couple bets, this never lasts for long.
All part of the plan.
Why shouldn't the Fed be complacent. They are driving the economic ship of state and it is unsinkable.
The plan is to raise rates. They cannot do this if they prognosticate anything other than rainbows & Unicorns.
The FEDs words must always support it's actions. Whether they are true or not is immaterial.
IPHONES, IPADS, Venue PRO still working. what is the problem. Need 24hr Oprah TV with Odumba on it too.
Oh, please dear God.
Harpo TV 24/7/365 with Him.
me me me me me me me me em em em em emuh mmm hum uh me me me
That would be enough to qualify as the opening act of the Breaking of the 7th Seal in the Book of Revelations.
Use the complacency to your advantage. Buy gold in float scam / predatory trading terms (NFLX, AMZN, LNKD, TSLA etc). No need to get complicated and support the parasites with complex hedges. Heavy cash and gold is a robust hedging strategy to preserve wealth in real terms for all economic scenarios.
What god granted omniscience to the Yellin, Bernanke or the rest of the FOMC? Only fools and the FOMC still believe.
Peak hubris throughout DC.
Enjoy a sonic description of Hubris by Blut Aus Nord.
They'll never see it coming.
(Their job depends on not seeing it coming.)
They see it coming, but will continue their public posturing while secretly buying VXX et. al. for their personal portfolios.
In other words even more completely wrong than usual
maybe the oujie board is smokkiin some crack???
"I'm too indifferent to be complacent," my Grandpa says.
What's left to be uncertain about? It's all totally under (their) control.
Sick if NOT IF stories. How about some WHEN.
When the stock market is the measure of success while ignoring labor participation rate and real inflation how could they not be complacent?
Floating equities to benefit Wall Street and the 1% using $7+ Trillion of public debt while punishing savers and destroying the middle class = "mission accomplished" for the FED.
I have a Democrat friend. We have remained friends through the years because we almost never talk politics. Last week, I couldn't help myself and asked "Would you still vote Democrat today, given all the scandals of this administration?"
His response: "Heck yeah, just look at the stock market."
This is very telling.
The Fed has been filled with Keynesians to keep the house of cards afloat in order to protect The Messiah. No amount of reality will turn them away from this task. They don't care what happens after 2016. Just keep the markets up until then and blame the crash on others.
Good thing I wasn't there....I'd have bitch slapped him silly.
I love the fucking cunts that chirp that shit...shows how fucking stupid they are.
http://www.telegraph.co.uk/finance/markets/10965052/Bank-for-Internation...
Do schizophrenics know they are schizophrenic?
Mees thinks not.
What do stock markets around the world have in common with "girls gone wild" the video of college girls on spring break? The answer is both are crazy out of control. We have grown very complacent as money around the world has continued to flow into intangibles and promises.
Currently the market is all a twitter and locked in a "greed and stupidity loop." The loop can be explained as follows, stocks are rising so why get out, not getting out is causing the stocks to rise. When stocks do pullback it is a buying opportunity. Yes, we are indeed experiencing a double down and let it ride mentality. I don't have to explain the greed part. More about this subject in the article below.
http://brucewilds.blogspot.com/2014/06/stock-markets-and-girls-gone-wild...