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Verbal Deflation: FOMC Statement Has Fewest Words In Over A Year
The Fed's implicit tightening and simplification of monetary policy was not apparent merely in the message conveyed by the FOMC moments ago: it was also clearly visible in the grammar of the statement itself, and specifically in the word count. Because after hitting a record 895 words last month, the October statement tumbled in complexity and its message to just 707 words: this is also the fewest words the Fed used to explain its actions in over a year, or since July of 2013.
To those who lament the Fed's inability to explain what it will do, fear not: we are quite confident that within a year, we will see the first 1000+ word FOMC statement as the Fed finds itself in the same place it was after QE1... and QE2... and Operating Twist... and so on.
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Good. I certainly will not complain about this or cheaper diesel.
Haven't you heard, USD is as good as gold! No one, not even the Chinese, can get enough of that sweet sweet greenback goodness.
Apparently, because gold needs to be hit on any news, especially FOMC lies and bs.
Quoth the Raven “NeverMOAR.”
The FOMC statement is the ultimate in separating language from intent.
Cash is king, and USD are not "Greenbacks"..If congress had balls and wasn't infiltrated by corrupt insiders who are being bribed into complacency they would reclaim their power to issue currency and do so with Greenbacks, or debt free money.
Gold is an obsolete relic that is used by Royalists to enslave wage earners. Is is a terrible currency, even wors as an "investment" as it does nothign productive, and it's terrible to transport or defend in significant quantities.
The bigger the lie the fewer the words.
Any great liar knows. Say as little as possible.
Good god. It's like Groundhog Day everytime the FED narcissists utter a fucking single word. D-d-d-d-d-i-d they see they're shadow.
C'mon Wall Street traders. Quit being such big pussies. Trade like a man.
That's the spirit, soldier !!
All we need is two words from the FOMC: either "market down" or "market up"
Pretty much sideways for now, after an unsurprising statement.
Stock market quickly recovering, but the dollar maintains its gains, and gold is sucking mud. Same old same old. They win again.
Something is up. They never turn down a chance to bloviate and obfuscate until your head spins from the wording. Maybe we trruly are in the end game.
election?
don't really follow ... but sabato's crystal ball has House Rs picking up a few seats ... and Senate definitely in play for Rs
Rs winning could be good time for them to drop the market ... and blame it on R victory
Agree.
That's 707 too many words.
but how many words in hilsenrath statement?
Fed sez - 'Economy up-beat'.....Fedspeak for 'beat-up'? Has to be, because even a moron can't claim or believe this economy is anything but a beat up mess.
... mutherfuckers ...
How many occurances of the phrase 'oops'?
DXY just poked its nose above 86
that should "help" exports ... and FX treatment on overseas earnings ...
Verbal defecation
...could have been covered with "y'all fucked".
How many times the word 'laughter'?