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No More "Considerable Time" - Meet The New, "Patient" Fed
With expectations that the FOMC would drop "considerable time," ignore foreign market instability, and shrug off HY credit's demise (as they had previously said it was a bubble), the members did not let anyone down...
- *FOMC SAYS IT CAN BE 'PATIENT' IN APPROACH TO RAISING RATES
- *FOMC DECLINES TO MENTION RECENT GLOBAL MARKET INSTABILITY
- *FOMC SAYS PATIENT APPROACH 'CONSISTENT WITH OCT. STATEMENT'
- *FISHER, PLOSSER, KOCHERLAKOTA DISSENT IN FOMC DECISION
For the 3rd FOMC meeting in a row, equity markets have surged (and decoupled from bonds); we will soon see if history repeats a third time.
Pre-FOMC: S&P Futs: 1988.00, 10Y 2010%, Gold $1195, WTI $57.50
What happened the last 2 times...
The Fed goes on to say...
- *FOMC SAYS JOB MARKET UNDERUTILIZATION `CONTINUES TO DIMINISH'
- *FOMC SAYS LABOR MARKET `IMPROVED FURTHER'
- *FOMC SEES INFLATION RISING TO TARGET AS LOW OIL IMPACT FADES
- *FED SEES JOBLESS RATE AT FULL EMPLOYMENT BY LATE-2015
- *FED SEES 2015 GDP GROWTH OF 2.6%-3%, UNCH VS SEPT. EST
- *FED SEES INFLATION AS LOW AS 1% IN 2015 VS 1.6% IN SEPT. EST.
- *FED SEES 2015 JOBLESS RATE 5.2%-5.3% VS 5.4%-5.6% IN SEPT. EST
- *FED MEDIAN FED FUNDS RATE 2.5% END-2016 VS 2.875% SEPT. EST.
* * *
And the redline from October:
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PAAARRRRTTTYYYY!!!!!!
You bet your Ass(ets)!
With Russia caving* on E. Ukraine, and its central bank (CBR) coming out of the closet as a Redshield org*, it's... "Party On, Wayne!"
* http://rt.com/news/215047-pentagon-confrims-nato-buildup/
** http://www.zerohedge.com/news/2014-12-17/russian-central-bank-releases-7...
p.s. My price of Libertarian Hopium just doubled, as it's on backorder.
"PATIENT"????!!!
HAHAHAHAHAHAHAHAHAHA!!!!!
I call your "Patient" and raise you a "TRIPLE DOG DARE YA"!
Yellen CAN'T raise rates and she knows it....
'Patient' like you have to be when you have a runaway nuclear reactor.
Burn this bitch down!
his brow was sweating as he lifted his royal head up from the chopping block. the glint of light from the executioner's ax stunted his arrogant gaze. the audience clammored and mumbled off with it. said he: "can't we be a little patient"?
So, nothing's changed except the sophistry and platitudes
A synonym here and a synonym there and pretty soon you got a whole new paragraph with no meaningful difference
+ 1000
Nicely summed up, knuckes,this is exactly where we are at now, nothing but sophistry and platitudes.
They need more time for the CNBC propaganda arm to round up more greater fools to be the bag holders.
I see Fisher (hawk) is now on the same team as Kocherlakota (dove).
Nice work Team Fed!!!
If they raise rates, .gov defaults and the curtain is drawn on this whole sharade.
The animal has been shot and is dead. There's just some nurve impulses still causing a twitch. How long the twitching lasts in anybody's guess.
*FED MEDIAN FED FUNDS RATE 2.5% END-2016 VS 2.875% SEPT. EST.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
HAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!
[takes breath]
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!
BY 2016 the National Debt will easily exceed $20,000,000,000,000.00.
If the Fed Funds Rate goes up to 2.5%, the 10-Yr will be around 5%.
At that rate, interest on the debt alone will cost $1 trillion and consume about 1/3 of the federal government's budget.
Can't happen.
We are Japan...
We accomodated some folks.
It hard
https://www.youtube.com/watch?v=ErvgV4P6Fzc
Auntie Janet will have broken the Thesaurus by the time she actually raises rates. How many synonyms for "Patient" are there?
Just look at the Neanderthal bone structure on those Jaws
Mario, is jealous
Boy, I'm telling ya, shortly it surely is going to suck to be us...
The old reliables" Jim Cranium called the bottom in oil yesterday pre market when he said "oil will have trouble holding $52" and Russell Napier confirmed this an on ZH this morning when he called for $25 oil. Ned Davis Research confirms the fools in their hubris!!
There's the stops on a lot of shorts hit...
This market is a farce in and of itself. Stack physical. The paper price means absolutely nothing until the dollar collapses. So, pretty soon.
Now at 2011. The mind boggles.
Santa Yellen is coming to town..... Santa Yellen is coming to town,,,,,, Santaa Yellen is cooomiiiinnngggg tooooooo tooowwwwn!
Mr. Yellen..........making old ladies poor at his whim.
MOAR NIRP/ZIRP
SURPRISE!
When are the sheep going to figure out they will never raise rates? Will they ever?
BREAKING NEWS....
death to the MoneyChangers.
You know the sheeple are fast asleep when TPTB can flat out admit that they want inflation and.......crickets.
Hey, uh, we want prices to go up...for your own good. Got it?
Got it.
Excellent.
Loser, coward, pussy, chicken, sissy, ....
that's an insult to losers, cowards, pussies, chickens and sissies everywhere.
"The recovery is here and the econmy is doing better..." so why not raise rates 0.25%?
Oh wait...because it would cost the banks that much more to get free money from the Treasury back door.
PONZI!
Because I have a sandwich bet on the line that fed funds will be under 1% by year end 2016.
Hopefully a Reuben?
One of these would be fitting, considering the subject matter here http://forward.com/articles/153533/-jewish-sammies-to-die-for/
That's what Viagra does too.
But actually, "can be patient" is closer to raising rates than "considerable time," right? So why is the market happy about rates rising sooner than later? Knee jerk reaction I would say.
Because if equity markets go down more than 5% the FED will bring back "considerable time" and buy every derivative under the sun.
So very sad and depraved that billions of lives and the entire global economy are so heavily reliant upon the grammar used by one person.
Complexity breeds fragility.
So we don't need HilsenGREEN today?
'mo money! 'mo betta! 'yo momma!
Amazing how certain persons knew so far ahead of time that "patient" would be the new watch word
All of the words and phrases to describe Fed varying view, but "patient" was bandied about as a certainty
So are we talking about about patient, as in sick economy?
It's ironic that an old jew plays Santa every year.
and the animated classic "Santa Claus is Coming To Town" was written and produced by two jews...
Markets went vertical right before the release...nothing to see there. Move along
I was watching the 1-minute chart of the S&P 500 on Schwab's StreetSmart Edge® trading platform right before the Fed release at 2:00 PM. As per what I saw in the chart, the S&P 500 shot up from around 1994.75 to around 2005.5 between 1:58 PM and 2:00 PM. The slope upward became very steep as 2:00 PM approached. It was quite a spurt...
and Putin raises 7% interest rate in one night not even saying a word ... Russians don't mess about...
what a great country...
what a great economy...
bullshit.
Must be bullish for something.
For gold, it is Neutral-Bullish-Bearish-Bullish-Bearish-Bullish....
all in the span of 5 minutes lol
IT IS SO FUCKING OBVIOUSLY MANIPULATED!
-SPIKES $7 FROM 1195 TO 1202 AT 1:01
-CRASHES FROM 1202 TO 1186 BETWEEN 1:02 AND 1:04
-SPIKES $16 FROM 1186 TO 1202 AT 1:05
-NOW BEING GRINDED BACK DOWN BELOW $1200
FUCK THIS SHIT I'M GOING TO SEE THE HOBBIT...
hey brotha...
i feel ur rage...
but u and i r right...
and this will be proven very shortly...
Who cares?
Honestly?
If I printed a currency... Let's say I called it the 'Doobie' ... would you care how many of them it took to buy an ounce? Would it really matter?
The difference between a Doobie and a Dollar is:
- One Legal Tender law.
- 18 Trillion in unpayable debt
- 250 Trillion in unpayable future liabilities.
- a pre-existing symbol "$"
Get it? Who cares how much toilet paper pays for an ounce?
tranquillo hombre..
we on the same team.
Free. Fair. Efficient. Markets.
Holla.
The Patient is DEAD !!!
He's dead, Jim
Ohurah stinkypants sweetheart baby doll, send a message to Star Fleet for me. Emergency Highest Priority. Quote, none of this shit would be happening if you'd get them any other color shirts than red, end quote.
Fed assclowns fold! Film at 11.
I'm sick of meaningless words ....
Mr. Janet Yellen is determined to force you to sell your PMs & buy Alibaba!
just be done with....and say FOREVER!
That would immediately end all of the insider trading where people who are connected make millions in nanoseconds.
The show must go on.
Everything is fixed with one word
What's next? Pensive?
WTF
Break out your thesaurus and you can write the Fed excuse for the next 20 meetings
contemplative adj. deep in thought- thoughtful
dreamy adj. illusory, romantic- speculative
- unreal
- unsubstantial
- utopian
- vague
- visionary
- whimsical
meditative adj. contemplative- ruminative
- thinking
- thoughtful
melancholy adj. depressed, sad- torn up
- trite
- unhappy
- wet blanket
- wistful
- woebegone
- woeful
moody adj. crabby, temperamental- sad
- saturnine
- short-tempered
- splenetic
- sulky
- sullen
- testy
- touchy
philosophical/philosophic adj. thinking deeply, rationallyBULLISH!! keep the partay going!!!
Hope you all bought the dip....this bitch is goin up from here.
So they basically didn't say shit.
SO THESE BASTARDS TELL US ALL THE TIME HOW THE ECONOMY IS IMPROVING TIME AFTER TIME, AND YET, THESE MOTHER FUCKERS R SO SCARED TO RAISE INTEREST RATES EVEN SO SLIGHTLY.
THE FACT THAT THERE ARE MANY SHEEPLE WHO BELIEVE THESE FUCKS OUT THERE MAKE ME SICK.
FUCK THESE BASTARDS AND EVERYONE INVOLVED IN THE FED/ BANKERS/ MONEY CHANGERS. DIE DIE DIE
Patient Fed - are they sick?
if you can't raise rates- well then your economy is dead
One has to wonder at what point the markets which are "priced to perfection" start seeing these vagueries from the Fed. as a harbinger of something more ominous on the horizon.
At some point the markets will want to put a discount on instability and the hindsight gained from the money printing failure.
I call it the Draghi effect. The jawboning and paper printing become exponentially less effective every time they're extended.
2015 is the Shemitah (sp) year....every 7years the tribe must relinquish debt by tribal customs. 2015 IS THE YEAR to watch your financial ass.
When you are king things are always the way you want them to be, even if in reality they are not. "It is, because I say so"
Screw the serfs as long and hard and as often as you like, what the hell are they going to do about it? They have no voice in the matter.
We are past the point of no return. The un-fed will keep pushing on the string until it becomes a coiled mess.
"Ain't no stopping us now.. We're in the groove"
Gold soars up $5, right Goldcore?
Dat Russell Doe
Considerable Time IS IN THE DOCUMENT.
The Committee sees this guidance as consistent with its previous statement that it likely will be appropriate to maintain the 0 to 1/4 percent target range for the federal funds rate for a considerable time following the end of its asset purchase program in October
This title is MISSLEADING!
hence the jubilation
Janet aim to please
you like happy ending?
It's stuck it can't raise rates.
This party goes on until the roof caves in.
We underutilized some folk
I am bullish on pitchforks and guillotines.
Patient as in , its coming off life support and going to die!
Looking at the balance sheets of the biggest banks - Fed owner bank's biggest debtors, and the Fed owner banks themselves - who will lay odds on a credit collapse within six months of the first rate hike, no matter how small, no matter what they subsequently do?
GOLD IS SO FUCKING OBVIOUSLY MANIPULATED!
-SPIKES $7 FROM 1195 TO 1202 AT 1:01
-CRASHES FROM 1202 TO 1186 BETWEEN 1:02 AND 1:04
-SPIKES $16 FROM 1186 TO 1202 AT 1:05
-NOW BEING GRINDED BACK DOWN BELOW $1200
FUCK THIS SHIT I'M GOING TO SEE THE HOBBIT...
Fuck worrying about the paper price.
I know exactly how many ounces of silver and gold I have. The same as it was yesterday.
Stack on
Watching the daily manipulation price action in the paper spot price of gold here... they really do not want gold going over $1,200/oz.
QE will never end. It will always be present from here on out as the FED knows the markets (I hate using that outdated term) are totally dependent on outside support.
What will finally take the markets lower will be a loss of confidence. And I think that point is coming up much sooner than many think.
The recent meltdown in the crude oil market and the resultant losses in the junk bond market will be huge. This is a symptom of low interest rates and malinvestment, one of the first negatives we have seen since the FED began the Grand Experiment in 2009.
The energy losses for the banks may not as big as subprime in 2008 but who really knows? The dust hasn't even had a chance to settle. Now you know why the Banksters were so eager to get a derivative exemption from Dodd-Frank over the past weekend.
Congress is so corrupt they don't even care anymore what the American people think. And just a few weeks after reelection.
Sad days for Amerika.
Patient? Like a terminally ill cancer patient?
FOMC SAYS IT CAN BE 'PATIENT' IN APPROACH TO RAISING RATES
They are a "Patient" in a rubber room wearing a straitjacket ready to do harm to themselves and anyone who gets near them who also happen to have a briefcase with code(s) to launch Armageddon if they don't get what they want!