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Is This The Most "Confused" Fed Ever? Just Two Headlines
We can now put to rest the debate whether the "most transparent in its communication" Fed, is also the most confused (if not to use a far more derogatory word) ever.
One one hand, Bloomberg reports that Fed Chairman Yellen laments that "she wants investors to be prepared for the possibility that the Fed will raise interest rates sooner than they currently project" and yet "her words are going unheeded."
And yet, on the other hand, at virtually the same time, Bloomberg also reports that the man who many say is truly in charge of the Fed, and certainly its market-moving branch, the 147x levered New York Fed, Goldman's former employee Bill Dudley warns about the need for “patience” on interest-rate increases and may require letting the economy run “a little hot." By a little hot, he means letting the global assets bubble Citi warned about yesterday, grow to truly monstrous instead of merely epic proportions.
Completing the comedy, a third Bloomberg commentator, Richard Breslow, accurately summarizes the situation:
"for Fed to rail against what the market is doing seems to me the height of absurdity. They should probably put all their speeches together, read them to each other, and find some way to talk coherently to the market."
But why? After all these Princetonian demi-gods are all the bullish case has left: if the baffle with bullshit strategy fails, it's game over, as the last thing the Fed can afford is to tell even a remote version of the truth. Said otherwise, the moment the Fed starts talking coherently to the market, is the moment the market plunges.
So until then, monetarist gods talk in mysterious ways.
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FULL OF SHIT. BOTH OF THEM.
they dont matter ... just actors to keep the show going ...
the guy who is pushing the buttons (beyond the curtain so to speak) - thats a different matter
The Fed has some spurious hinting
Regarding the money they're minting
A closer inspection
Reveals misdirection
It seems to be bullshit they're printing
How things really work; all markets are rigged. Great video explaining it from GATA; it's about half an hour but worth the watch
http://vimeo.com/106757886
One quadrillion thumbs up for The Limerick King
Turn those thumbs-up into dollars and he could barely pay off all the derivitive bets
There was a young lady from Brizes
Who had breasts of two different sizes
One was so small it was nothing at all
The other was large and won prizes
It's a coded message to the top .1 percents' money managers. Says we are still with you guys on this wealth effect gambit, even though it is plainly a horrific failure for the underlying 'economy', the economy being shorthand for what the little people are able to make of their little lives.
Run yellin'
Yellen is going to get back in line or be put back in line.
The Largest banks of Europe and the US OWN THE FED...well, all but the open market committee.
Reading between the lines, the USG is scared that the treasury will explode. The banks don't care so long as they own most of the real capital when it does.
Reminder - Four important events. There is a NEW boss in town. Treasury will implode.
US Passes Pay China First 2013
http://rt.com/usa/pay-bill-first-house-070/
US gives China direct treasury computer access 2012
http://www.zerohedge.com/news/china-can-now-monetize-us-debt-directly
US Leases Gold to China 2000
http://www.zerohedge.com/news/2013-02-02/gold-leasing-case-disappearing-...
China Most Favored Nation 1996
http://tech.mit.edu/V114/N27/china.27w.html
I used to be indecisive; now I'm not so sure...
http://olduvai.ca
Point of View....
Finite planet, infinite universe, no boundary between them.
Yes, but the devil is in the details. While anything may be "possible", you sure as shit had better spend the capital and resources you have at your disposal wisely.
the reason the market did x or y..gets alot of people paid. for those in the club, they are told what the market will do, and profit..for the rest you have analysists and news and graphs and good ol finance tv. the fed is just a show for the little people to think there is a reason for why they get fucked.
Baffling the masses with bullshit. Good strategy.
Dudley cites a 7% drop in oil prices for 'low inflation' this year - yet the Fed always ignores oil price increases (volatile food and energy?) - and any drop in oil is WAY more offset by food price increases. And if Dydley is looking at oil prices, how can he see no inflation since 2009?
they have to confuse becoz they are ready to implode the US economy. When you confuse the enemy, you get tactical advantage. Nothing good is coming.
Yellens right , they will put them up and realise they've completely fucked to shit up just to put em down again
Bingo! The Federal Reserve is trapped in 0% land. With no way out. And the market knows it.
Yellen is just expending hot air now. Bluff all she wants, it won't work.
All the fed has to work with is QE rhetoric.
Once a fiat currency (fractional reserve currency) is debt saturated, its game over. Now its just a question of when.
It used to be the Fed was a quiet..secretive group....they did not do much in the public...now its have a meeting and run to a microphone as fast as you can......anyone .....
They must keep the bullshit flowing via internets. Being silent could have the meaning of uncertainty and fear.
Buy physical and enjoy the ongoing show.
fed sez buy AND sell bitchez
The bots are all set to ignore any talk of rate hikes because the Federal Reserve is trapped like rats and normalize rates.
The stock market has become a runaway freight train and the Fed has lost any control. The fed will just keep printing and buying treasuries until the dollar dies and the market is at well beyond insane levels.
Nobody cares about the Federal Reserve.
A lobby has to control the White House, Senate banking committee and House Finance Committee in order to control the Fed.
The Fed cannot be controlled directly, it can only controlled via those three institutions, again:
-Senate banking committee (legal boss of Fed)
-House Finance commitee (legal boss of Fed)
-White House (executive power, but not boss of Fed)
Right now Bank Lobby controls all 3.
Military complex used to control all 3 but ceded power voluntaritly after soviet union fell, only to be back stabbed by Bank Lobby which is INSOLVENT now.
Fed simply executes orders it receives from those 3, nothing else, that's why FOMC members are mostly clueless academics, order takers.
Geithner used to tell Bernanke what to do, Benny executed the orders, congress committees approving of them.
Conclusion: Yellen is waiting on orders what to do from Jack Lew and congress banking/finance committees
Benny didn't know what to do. Yellen doesn't know what to do. Both academics. By definition, they do not know what to do when the excrement hits the turbine
Goldman controlls everyone above. All the orders come from Goldman.
goldman has no army, no guns, no snipers, no humvees.
GS has literally paid congressmen for years already, that's it, to control the Fed
Not for long, not for long.
Assassinations coming very unfortunately. That is what history tells us and history is never wrong
No... but Goldman ensures that all of the above get paid and that the political consensus that ensures they keep getting paid continues.
Is it the dog with big teeth that is in charge?
Or is it the one who feeds and trains him?
You remain the #1 optimist on ZH. If the average american was even semi-intelligent they would be revoluting and demanding a return to a constitutional republic. They are not, they are bought off with stupid shit. When the SNAP cards stop working, then and only then might we get a chance to "clean house" on so many levels and it won't be pretty, but nothing of value comes without work and sacrifice.
same as it ever was...
If not, Saudis would halt oil shipments to USA
Wonder why Obama called Saudi king and why Saudis are "hosting" training of rebels in Syria?
Something is cooking.
Saudis and Military want strong USD, not SDRs.
Then why did they switch their sovereign wealth fund out of USD into SDR's ?
Give us an answer that fits your prognosis.
I think your half right.
When the snap stops..it wont be the govt that gets house cleaned..its the shelves. These snappers dont giv a rip bout whos doin what..they want the free shit tto continue. .and it will.
It aint laws of physics sadly...its law of jungle .
Satan makes his minnons say some funny shit
Equivocate.. obfuscate.. then pontificate
You missed masturbate , this is a giant circle jerk.
Well that explains the low volatility. Such a clear, consistent message leaves no room for uncertainty.
Dudley is telling the truth.
Dudley wants a huge bubble. He just doesn't want it to pop unless Goldman is setup to profit from it.
Oh really, so you believe their measure of inflation is correct then? LMFAO!!!
I suppose that you also think havings markets at "all time highs" while interest rates are at "all time lows" also makes perfect sense...
good luck with that.
We used to say some funny shit too, back when we were kids and would get high and look at the stars.
Like how can space go on forever?
If it goes on forever because it is constantly expanding, what is it expanding into?
Of course, we weren't in charge of the monetary policy for an empire.
pods
(by which I mean, the pedal stays to the metal)
Dudley was running a little hot with that hot little Colombian hooker in Basel last month...
Fed only has words left.....No action, just words.....they might be even losing this final tool
They have the full faith and credit of the congress, so their voice is loud. It is also the wrongway to run a country.
It was soooo much easier with the Briefcase metric that Greenspam used. The size of the Briefcase dictated everything...
One "warns" the other one "says" but the both lie ?
Yellen is just a puppet.
Dudley is running the show with NY trading desk.
Regardless of what you call it the "Federal Reserve Nightmare" or the "Yellen conundrum", the box Ben Bernanke made when he painted both himself and the Federal Reserve in a corner remains. Bernanke has by passing the chairmanship to Yellen escaped from the QE trap but left the rest of us fully in its grasp.
With a policy of loose and cheap money and an inflation target of just 2% the Federal Reserve continues to please those gambling that not fighting the Fed guarantees profits. I wish someone would let the Fed know we have already passed their inflation target.
As many Americans are forced to pay higher food, gasoline, and health insurance premiums any thought that inflation is not higher has come from the false illusion brought from lower payments on things like auto loans and mortgages. This is a one off and will not continue. Trouble lurks ahead. More on this subject in the article below.
http://brucewilds.blogspot.com/2014/06/exit-strategy-from-qe-remains-elu...
I've posted this before but I feel as we get closer and closer to 'it', it bears repeating:
I am the People, the Mob Carl Sandburg I am the people—the mob—the crowd—the mass. Do you know that all the great work of the world is done through me? I am the workingman, the inventor, the maker of the world's food and clothes. I am the audience that witnesses history. The Napoleons come from me and the Lincolns. They die. And then I send forth more Napoleons and Lincolns. I am the seed ground. I am a prairie that will stand for much plowing. Terrible storms pass over me. I forget. The best of me is sucked out and wasted. I forget. Everything but Death comes to me and makes me work and give up what I have. And I forget. Sometimes I growl, shake myself and spatter a few red drops for history to remember. Then—I forget. When I, the People, learn to remember, when I, the People, use the lessons of yesterday and no longer forget who robbed me last year, who played me for a fool—then there will be no speaker in all the world say the name: "The People," with any fleck of a sneer in his voice or any far-off smile of derision. The mob—the crowd—the mass—will arrive then.And then I we the people will choose another king to.. leaD us so
We dont have to think for ourselves. .
not sure if it's you that downvoted me but isn't that the point of the poem?
"The mob—the crowd—the mass—will arrive then"
I'm personally a believer of Candide's counsel... "we must cultivate our garden"
This is my experience with typical financial media, you can't beleive anything that they say really. Today they will say one thing, tomorrow things will be different and they will have a new explanation, then next week they will come up with a third story about the same thing. Is any of it true or is it all just bullshit? I'm thinking the latter, its all just a show for the 24hr news cycle.
Yelen Turtle slowly moves but quickly snatches a piece of lettuce...
Is monstrous bigger than epic?.. I thought epic was bigger.
:/
I think they should have a "the price is right" style TV series betting and forecasting every espects of the f markets and financials with all the clowns involved.
One one hand, Bloomberg reports that Fed Chairman Yellen laments that "she wants investors to be prepared for the possibility that the Fed will raise interest rates sooner than they currently project" and yet "her words are going unheeded."
Yellen's words ARE NOT GOING UNHEEDED.
Investor's drool over every word coming out of the FED. Those words are contradictory. The language of "considerable time" was NOT DROPPED. Had the language been dropped, investors would have taken note.
The FED can't talk out of both sides of it's mouth and expect investors to know which side to listen to.
Zero interest rates
Will everything go to shit?
It will, soon enough.
It's Yellen's Baskin Reserve, 31 different flavors of guidance, something for everyone to enjoy.
barry appointed yellen - yellen is owned by barry
and barry wants mid-term success -no more shellackings - so barry must keep markets up
fed board members appointed by twelve regional reserves
this is just infighting - and once again, barry is the cause of it
these FED bankers know they have to stay in the news if they want those big speaking fees when they retire.
The most dangerous place in america to be standing? Between a Fed Banker and a microphone....
these FED bankers know they have to stay in the news if they want those big speaking fees when they retire.
The most dangerous place in america to be standing? Between a Fed Banker and a microphone....
My wild stab:
If you take the jawboning angle, Yellen is simply trying to flush people out of bonds (again)
Whilst Dudley is simply telling everyone it's safe to invest in stocks
sure, they screwed up by mentioning interest rate timing differently(they probably need a few interns for press release proofreading), but they are still trying to deliver the same message:
get out of bonds, get into stocks