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"A Couple Means Two" - Why This Is Important
Moments ago, after Yellen earlier explained that the Fed may hike rates at any moment, and certainly not only during press-briefing days, she also explicitly, and very unexpectedly, said that the Fed will likely not hike for a "couple" of meetings. And when she was subsequently asked to explain what "a couple" means, she further explained that it means "two." As a reminder, this comes from a Fed chairwoman who had a trial by fire when, fresh after replacing Bernanke, she locked herself in the "6 month" calendar interval. In other words, she knows not to give the market a timing bogey. And still she did so. Which, quite explicitly, means that anything starting with the 3rd meeting, currently scheduled for April 28-29, 2015, and onward is very fair game and the market will be foolish to expect the Fed not to follow through with this warning, a Fed which is already dangerously close to losing all credibility it has.
And another way of stating it comes from Peter Tchir of Brean Capital. His take:
Looks like the April/May meeting could be the date. 3 reasons:
1) A couple means 2 - just stated
2) then could host a conference call on a non press conference meeting
3) she said, i keep telling the market what we are going to do, i wash my hands of the market if they won't listen
She also does not get about oil as transitory. She is remaining very consistent. Core is what matters.
This is hawkish:
Trades:
Short treasuries 3 year in particular again
Short front end eurodollar futures
Short equities
Hit any last hy energy bond bids while they remain
Buy IG CDX23 protection (short)
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Also coincides with next OPEC meeting.
Rates won't go up then either...
Well.....at least we know the date of the crash.....or when the Fed loses credibility.
Parsing Fed Speak is pointless.
Yellen is, of course, Jewish, so we know where she stands on giving testimony under oath.
Chairman Benjamin Shalom Bernanke also utilized this cultural permissibility when giving testimony to Congress, under oath.
WE CANT HANDLE THE TRUTH
Why the fuck are we even listening to this old hag anyway?
And she makes much less sense as any one of the SI swimsuit models would there
Dont trust a fuckin thing this j-bitch yellen says....we have learnt from Helicopter Ben and Alan Greedspan that these shills aint in the best interest of the American sheeple.
Old jhag Yellen gives all grannies out there a bad name.
The FED will NEVER raise rates. It would crash everything.
We are Japan now
For ugly white hair bankster, couple is maybe not mean husband, can only mean ugly lesbian. Close question, who is butch in couple?
Ummmm wasn't original Boris' name "Alotovkrap"?
How can anyone that STUPID get to be head of the Fed? She's worse than Bernanke and Greenspan.
DavidC
Come on, HH. Those people are under-represented in our society. We need to put more Zionist Jews in control. They'll fix everything. And I do mean they will "fix" everything.
Boris is maybe recommend "fix" each member of bankster class so as prevent no more progeny to dominate world.
" We're not going to monetize the debt " works well with the left wing liberal ladies with oral fixations as well.
FYI Who new??
after years of being on here, you've now become a full on anti-semite?
i see. the jews are the bankers. and they all lie. yes.
please , continue to explain to me about the zionist occupied govrernment, cryptojews and talmudism and fake jews and the illuminati of jews.
hedgeless. that is you.
I'll bite.
Please tell us how, exactly, I am an anti-Semite?
I'm curious why you would reference a vague quote from an obscure book you cannot even read instead of the one that everyone knows "thou shall not bear false witness". Besides, in some circumstances it is commendable to lie such as "no dear, your ass does not look fat in that dress".
You know them thar Jews, teslaberry, like Angelo Mozilo. Then there was Franklin Raines at Fannie and Stan O'Neal at Merrill. Oh, Vikram Pandit and Ashu Jain, of Citi and Deutsche. John Mack at Morgan Stanley. Tim Geithner and Hank Paulson. Jon Corzine. Jamie Dimon. Bob Diamond at Barclays. Kerry Killinger at WaMu. Ken Lewis at BAC, replaced by Brian Moynihan. Oh, and Bill Dudley of the NY Fed and Brady Dougan of Credit Suisse. And that Narayana Kocherlakota at the MinnFed. And who can foget Mohammed El-Arian!
Damn, if not for all of them "J" types, HH and his Facebook Fanbois could have made something of themselves in this life. Surely you can understand why he's the way he is, anxious to be first poster in articles like this one to spread his gospel.
Hey Facebook boy, maybe you can help me out here. The guy who started up the faith in which you claim to be an adherent was of that “lying” ethnicity. Does that mean all those Gospel things are just lies? Wow, the cognitive dissonance!
If you’re lucky, those gospels are all lies, because from what I understand, the kind of beliefs and crackertalk you regularly espouse earns you a one way ticket to the place of eternal sub-global warming. Just in case, I recommend you load up on Coppertone for you and the family, since I assume you’ve “taught them well”. Don't forget to post some pics of your wife and kids "well done" when you get there. LIKE!
It's all Chazakah now.
Yellen’s ascent to the post will also guarantee that, by the end of her first term, Jews will have occupied the Fed’s top post for three decades straight – an unprecedented run of Jewish power and influence.
The chairman’s seat hasn’t been occupied by a non-Jew since 1987, when Alan Greenspan was appointed by President Ronald Reagan to follow Paul Volcker. With the succession of Ben Bernanke in 2006, under President George W. Bush, and now the appointment of Yellen by President Barack Obama,
it’s worth remembering that there is a concept in Jewish thought called chazakah: When something happens three times, it can be considered permanent. Applied to the Federal Reserve, it would suggest an impossibly firm grasp on a degree of power the likes of which the Jewish people have never known.
http://tabletmag.com/jewish-news-and-politics/156146/yellen-at-the-fed
With Stanley Fischer "on deck" it could be a grand slam.
She's telling Wall Street that the next engineered crash/bubble popping and raping of savers, retirees, pensioners, 401K/IRA holders, and the middle class is scheduled for next Summer.
next summer? we will have WW3 on all fronts by then....
No way the market will hold up that long.
As I said here before.. Buy any and every dream car, truck, boat, vacation, Harley, 1911, 4x4, Sharps 1874, gizmo, hooker, jet plane, tequila and/or scotch you ever wanted on credit before the banks go poof!
PS... I'm going for the Sharps first!
Yeah, I hope the markets don't hold up that long, but look at the last 6 years, and look at the markets right now - up 1.7%-2.0%.
JFC, let's just call this experiment what it really is. TMJ could be the acronym. (not the jaw disorder)
{ Terminal Monetary Jawboning}
My kids ask me when I'm going to be done pooping and my response always is: "in a couple of minutes". Of course it never happens.
I just tell mine to come on in and hang out until I'm done.
They don't bother me again.
"My kids ask me when I'm going to be done pooping and my response always is: "in a couple of minutes". Of course it never happens."
I told them once thru the door "as long as it takes till I'm done"
They don't ask me stupid questions anymore.
LMAO DOC!!!!
"Never" ? You literally are full of shit then.
"short treasuries"?
yeah, right
hope you put your wallet where your mouth is
If you did this from last january and on, your wallet, like physically, is probably the only thing that remains for you to eat.
Can I bid $1.98 for two meetings?
Doesn't mean a thing - if a Black Swan settles, she'll change her mind in a heartbeat, just like any other politician. Making long-term plans based on a bureaucrat's mumbles is asking for trouble - just don't make any that depend on anything external (keep stacking).
The market will have crashed by then and they'll be talking QE4 because simply "no one" will have seen the crash coming...
We need boondock saints to start hunting these Fuckers.
I would love to think that.
I just cannot predict anything re; the ponzi.
I know it will keep working until one day when it just doesn't.
DXY back near 89 ... hope everyone enjoyed the "weak" dollar ...
Wait for the retrace. ;-) Part of the reason equity markets have been soft over the last week is because of poor macro numbers due to the strong $usd. (exports)
The Q-4 numbers are starting to come in and companies are quietly scaling back. We're in the midst of not only a currency war, but also, large possibilty of massive regional conflicts.
Just wait until next spring when Russia and China have their SWIFT alternative running.
Anyone that thinks Russia is hurting is delusional.
I'm no Putin fan but all the numbers you see are priced in PONZI $usd. He who sets the" terms of trade "values?
Russia is resource rich and will have access to the warm water ports and South China Sea for commerce. Combined they have formidable Navys' to manage shipping routes.
yeah, ... definitely in currency war ... don't see it ending anytime soon
not surprised that China mfg PMI came in contractionary (49.5) due to peg to usd
imo, only a matter of time before they devalue ... then fireworks (massive short squeeze yen rally?)
Have you been following the chicanery coming from the BLS and various other (U.S.) agencies?
From an export and trade deficite standpoint, China is much better of than the United States.
Did you know China has been a "net seller" of UST over the last several months? Yet, UST yields continue to fall.
I'm no China fan either. I see a bunch of desperate people that are trying to stay away from the long end of a rope...
Mr. Yellen: A couple. As in "a couple of balls". Like the balls in my mouth.
nothing this fucking MoneyChanger bitch says is important let alone true...
if u havent figured out yet let me summarize for this lying sack of shit...
"THE DOLLAR WILL BE DESTROYED WHILE THE CONTINUED RAPE OF THE 99.9 PERCENT OF THE CITIZENRY IS ENSLAVED AND IMPOVERISHED, ALL AT THE ALTER OF THE MONEYCHANGERS..."
now lets move on.
a couple means
you can have a 3 way..
A 'couple' used to mean 1 man and 1 woman. Well....
That's two.
I'd personally like to know how it is mathematically possible for the Fed to raise rates at this point. Even 1/2% would blow up some TBTFs including, possibly, the Fed itself. Nope, its too late.
Those who believed the same and put their money on it on Jan 1 2014 made 20% returns. Beats all indices.
It does not matter what these people say.
They are liars - professional deceivers.
It's a full time job just to keep their offspring from being shoved into ovens.
Even if they had a material plan and even if their intent were to be transparent, perfunctory or resolute in a meaningful agenda to help common people with common problems, they would simply tell their friends (the insiders) what side of the next big trade to be on.
And there goes the so-called market and an old fashioned idea - real risk and price discovery.
They print the fucking money.
They manifest the very oxygen you breathe.
And they know it.
But the dot plot story says they expect lower rates. Is someone lying?
Tyler - it's not so much that an increae *will* come in April, but that everyone can be assured it *won't* come anytime prior; and probably not for a long time after that.
These peole are too chicken to do what is right for anyone other than Banksters.
Risk off bros.
I much prefer the invisible hand, spontaneous order, and creative destruction to Fed voodoo.
She meant female couples. So I suspect the 4th meeting in 2034.
Will positive sentiment (consumer-ism attitudes, retail, dining out and house & car buying, etc.), float until May before they meet to launch QE-4...? I'm getting nervous.
Nasdaq is up 90 edit: 100, lol what a fukn joke this market is
This is an exercise in Power.
"A couple of Meetings"
She is showing that she holds the power for the Press conference.
She probably has to stay on message for the real powers behind the scene. So the power being exercised is really by the Puppet Masters who are hidden.
As the world teeters on the brink its destiny hinges on the gurgling of an old public whore. NAH!
"I'll never get used to watching Betty White go from Hot In Cleveland to chairing a press conference for the Federal Open Market Committee."
(h/t lukeeduck)
http://www.sickipedia.org/politics/economics/ill-never-get-used-to-watch...
I named my Sheep Dog Janet
I'm dying to meet her!
By "two", I'm guessing she meant 2% up on the S&P.
Doh!
Hmmm, I wonder who these "model funds" selling G-20 AAA+ currencies are?
Norway,Sweden,Finland, Australia,New Zealand ect... These clowns have hedged the potential losses on their ponzi schemes against the returns on the interest rate roll of these countries.
Look at the massive declines in yield of these countries bonds, across the curve. This shit is getting real!
"a Fed which is already dangerously close to losing all credibility it has."
The fed has not one fucking ounce of credibility WTF are you talking about?
It means Nothing.
she has no choice but to raise rates and "reload". the Fed has its back against the wall and is vulnerable.
If another massive Lehman Event comes along the Fed would be powerless without interest rate control.
I keep hearing this argument but how far are they realstically going to get before it all comes crashing down again. 1/2 a percent. Is that going to help when the next even bigger "Lehman Event" happens. I`ll be interested in your response.
I'd probably end up in the ER laughing when Draghi Yellen announces a .01% rate raise.
we got a date now for the crash lol
what a fucken game they are playing
What tapering? What tightening? It's ALL PROPAGANDA. Japan printing, China printing, Europe will spill sewage enormously in January and FED is only teasing unintentionally talking dollar up unleashing flood of beat up and abandoned US capital, at fraction of its value, back home for burial. Remember, there are no separate CBs there is one Holy Global Banking System (HGBS) created to defend world fiat Ponzi schemes which preclude even existence of "Free" markets.
Peter Tchir- Hey you put your money on it hotshot.
Like listening to Yertle the Turtle deliver an economic outlook. When did we actually start listening to these a-holes?
The Feral Reserve System has credibility? With whom?
Why trust any declaration from the Federal Reserve?
After examining actions of the FR during December of 2007, one has to come to the conclusion it has been captured by thieves, idiots or both.
Let’s look at some relevant facts: at the time in question American banks had some $41 billion in total reserves: about $9 billion on deposit with the FR and the remainder as “vault cash”.
During the week ended Dec 5, the FR sold exactly $5 billion of Treasury securities in a single transaction. The market had to pay for these securities with currency, bank reserves or expired repos (plus one or two other minor options). As it turned out, banks had to borrow $3 billion from the FR to offset what the FR drained by the sale.
The following week the FR sold another $5 billion, exactly, and, as a single transaction. Total borrowings by banks was bumped up to $5 billion.
The next week (Dec 19), the FR sold $15 billion; bank borrowings: $25 billion.
Now, if you are tasked with maintaining a stable currency and calm in the banking system, these sales of Treasuries were inexplicable, to say the least. And they lead to the question, ‘When did crooks and idiots capture the FR?’
This sequence of events went without notice by the main stream media and most financial observers; which is most alarming; for, the securities sold by the FR were also earmarked AS COLLATERAL for issued Federal Reserve notes, the scrip you and I carry in our pockets. These actions of the FR eventually resulted in a situation where issued currency was only 54% collateralized (April of 2009).
What are we supposed to think when those trusted to safe guard the gold (Treasury securities), instead, dispose of it?
In another universe, Janet and Bill would have fallen in love, quit their carreers, saved the human race from their presence while they hammocked lazily together on a galapagos. But in this universe we get... we get... the government we deserve.
In another universe, Janet and Bill would have fallen in love, quit their carreers, saved the human race from their presence while they hammocked lazily together on a galapagos. But in this universe we get... we get... the government we deserve.