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Fed Finally Admits Frontrunning Of Central Banks Is What Moves Markets
Something curious appeared in the December minutes - the Fed finally admits that market is no longer a discounting mechanism of a reality in which central bank intervention is irrelevant, but that market, or rather "market" merely discounts what centrals banks (and by "what" we mean will they or won't they inject a few trillion in liquidity) will do next.
In their discussion of financial market developments, participants observed that movements in asset prices over the intermeeting period appeared to have been importantly influenced by concerns about prospects for foreign economic growth and by associated expectations of monetary policy actions in Europe and Japan.
And now if only the Fed could apply the same logic to itself, it would grasp (publicly, it clearly did so in private some 101 years ago) that the market, or rather "market" merely frontruns how much liquidity it will provide to the market. We would then welcome this biggest enabler of monetary heroin to the 1st step of a long and very painful detox program.
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The only question that matters:
Is the CIA done stealing the Greek election yet?
Don't be silly, the Greek politcos know the price goes up, the closer the election.
Don't lay up your treasures here on earth where the moths, cankerworms, and the palmerworms can steal or destroy them. Lay them up in Heaven where man has no domain and therefore cannot corrupt them.
WHAT THE FUCK!!?
IF THIS DOESN'T WAKE UP THE SHEEPLE
THEY GET WHAT THEY DESERVE!
They would first have to admit that they were powerless to control their liquidity and that there was a power greater than themselves that could restore sanity.
Money is the most important thing on Earth yet few actually try to understand how it works. Unless there is an awareness of how things should work then there can be no recognition of a problem in the monetary system.
If you have spent the time trying to understand how things work, congrats you are one of the very few and you are allowed to use your knowledge for your personal gain....good luck...even with knowledge it is still very dangerous in the financial and monetary world.
for some money is mearly a means to gain power. power is the real aim.
if a person understands a piece of geography and which businesses would thrive where then it becomes possible to capture those squares like a chess game. where is the water. where do the roads run. which businesses would thrive where. location location location.
a zh'r said that in the bible wealth was considered real things that supported life. moderns erroneously think that money is strips of dyed cotton paper.
Knowledge about how money works in this environment is only valuable to the outsider to the degree that might help one from losing all or a lot of it to the insiders.
The knowledge is only really valuable nowadays to the insider that has proximity to the source.
And it really isn’t about money,
It is about how to exploit credit.
them foreigners did it
That's just silly, you can't detox the dealer... That's like discovering you have an addiction to crack and your solution is to send everyone who ever sold you crack to the rehab clinic.
Huh? Nothing about Kardashian's fat ass?
No fucking shit. What a bunch of geniuses we have centrally planning our eCONomy.
Would the good Dr. please prescribe one "no fucking shit pill" twice daily to Mr. Yellen, and recommend a lobotomy to smug face Bernanke.
The drug dealer doesn't pay for rehab.
They probably laughed when they wrote that.
Why did you think Bernanke wanted a high level of "transparency" on Fed deliberations? (But still none on their balance sheet)
It was to MAXIMIZE the effect of their policies. They knew they were going to have to talk the shit out of things IN ADDITION TO actual policy changes. It was a necessary force multiplier and it's worked like a charm the last 5 years. So why stop now? Why ever stop?
You didn't think they did it just so Ma and Pa Kettle could tune into CBS Evening News and carefully consider the ramifications of Fed policy minutae, did you?
Sounds like outright economic warfare between elites to me. Hide all balance sheets. Paper over economic failures. Inflict maximum pain on political foes at their economic weak points.
Meanwhile, main street looks like Fergusen.
Like the heroin dealer acting puzzled that a crowd of scraggly unkempts show up when he arrives in town with a new shipment; then sit dazed on park benches as he leaves town.
The dealer is either a complete idiot or acting.
This looks to me like the FRB is seeing its credibility being challenged, and is looking to put on some lipstick. Maybe someone is being setup as a sacrificial lamb to keep up the game...
CNBC Blowhorn will still jealously defend stawks = the roaring economy though.
"In their discussion of financial market developments, participants observed that movements in asset prices over the intermeeting period appeared to have been importantly influenced by concerns about prospects for foreign economic growth and by associated expectations of monetary ..."
WTF ... concerns for economic growth? ... the market has gone straight up for five years thanks to the asset purchase of the FED and it's infinite liquidity injections
Did the fed just admit that the market is overvalued and fake due to central banks everywhere? Sell mortimer sell, we thought this was real.
so market forecasting has come down to this:
step 1: get a thermometer
step 2: shove it up yellen's ass
step 3: read the number on the thermometer after removing it from yellen's ass
step 4; trade accordingly to the thermometer readout
step 5: take a shower and scrub thoroughly
Sounds like they're screaming, "I can't breathe"
"We would then welcome this biggest enabler of monetary heroin to the 1st step of a long and very painful detox program."
Liked that. Very Austrian, very sarcastic, and yet with a hint of hope
JEWS..... as always when there is something that involves corruption, lying, deceiving, stealing, raping, destroying white people.....
After a gazillion False Alarms and walks to the Lifeboats... my motto is: "Just play the music till I see and feel the water rushing in."
Then I can don my life jacket and run to the Lifeboats. As it is, I'll have a head-start on 95% of the Sheep anyway, so I don't need to beat the 5% to the boats. Just the 95%.
In the meantime... Play on Maestro.