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On The Market's Central-Bank-Induced Bipolar Disease
"We're suffering from central-bank-induced bipolar disease, bouncing from joy to despair number by number," notes Bloomberg's Richard Breslow.
"We certainly have aspirations of better growth, higher inflation and a road map," but he adds, this is simply "another way of saying we're completely data-dependent."
As Eric Green at TD wrote, that explains why yields are more correlated to data surprises than at any point this year.
You could see it as numbers came out last night that were statistically inside projections, and markets responded exactly as you'd expect.
And then there is Bill Dudley, who made it quite clear yesterday you shouldn't put too much weight on the dots, that economic projections are guesses by nature.
* * *
So "good news is bad news, bad news is good news," for the foreseeable future; and The Fed is entirely making it up as they go along now, having exposed to the world the reality that QE does nothing for the real economy.
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Narcisstic arrogant (redundant) psychopaths. I wonder if they won't leave town?
When fundamentals don't matter anymore, but only the whims of some all-powerful
joo-bankers ( Greenspan,Bernanke, Yellen.) then it's time to cash in your chips and
go to the sidelines (preferably holding physical PMs)
<< Joy
<< Despair
Banksters jumping from the roofs.
i have enough with this. I no longer insult yellen the bitch and bernanke the idiot. They don't make tools, they are tools, they are used by the riches to make them richer.
How about that game saving, home of brave, exceptionalism, final half hour of the S&P500; the poor pathetic broken puppets couldn't even pull the right strings.
...and today is Tuesday. Heh.
Heh; indeed; Hardly Zero. I like your avatar. Is that an Operational Amplifier driving a current source?
the Stawk Market Summary; "circling the flush hole, people, just circling the flush hole".
Some people are born to take orders and NOWHERE is this more recognisable than the FED. Spending every day in casinoland must give you a sense of immortality.No matter how fucked up your policies are ONE word from your lips move MARKETS ( although in essence today's markets are for loons ).
Euroland markets, including the British FTSE, off over-night / Tues. Weds. night. (the 24th. there now).