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Markets Tumble As FOMC 'Upgrades' Economy & Jobs In Hawkish Statement
The 4 key phrases from today's FOMC Statement are:
- "Strong Jobs Gains" instead of "Solid Job Gains",
- "Considerable time" sentence dropped entirely
- "Solid Pace" instead of "Moderate Pace" For Economy
- Add "Inflation is anticipated to decline further in the near term" as new language
And voila, a hawkish policy statement... sending stocks, crude, and bond yields sliding on the news.
"Strong Jobs Gains" instead of "Solid Job Gains"
— zerohedge (@zerohedge) January 28, 2015
"Considerable time" sentence dropped entirely: algos no longer have the green light to buy
— zerohedge (@zerohedge) January 28, 2015
"Solid Pace" instead of "Moderate Pace "
— zerohedge (@zerohedge) January 28, 2015
* * *
Initial pop and now Stocks, crude and bond yields tumbling...
Crude crashed to new cycle lows...
... just as the Fed predicted moments ago:
"Inflation is anticipated to decline further in the near term" - new language
— zerohedge (@zerohedge) January 28, 2015
The entire curve is dropping (even short-term rates)...
* * *
Full Statement:
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It's on like Donkey Kong.
guy on cramer tv said things are SO good that we are near "full" employment LOL
CHINA CHINA CHINA CHINA
MetallicA Yellen:
Has Taken My Sight
Taken My Speech
Taken My Hearing
Taken My Arms
Taken My Legs
Taken My Soul
Left Me with Life in Hell
pretty soon the banks will pay ME to take out a mortgage
Yep. that would be nice. If low rates are "good", well then, let's do NIRP, but this time, for everyone!!!
Agreed. Economy is so strong, lets lower those rates further. Makes sense, no?
Not sure how you can have "strong job gains" and lower inflation at the same time. Historically stong job gains result in wage inflation and an increase in money velocity - inflation!
They lie so bad.
WOW ... EVERYTHING Is Just Perfect! Even GOLDIELocks...
They Are Absolute GENIUSES!
Nothing can Go Wrong Now...
They mean the robots are experiencing strong job gains.
Everything they say is a lie. There is no truth in any of these phony fucking FED statements.
Full employment? Low inflation? Hawkish? lol...
.
CHINA CHINA CHINA CHINA CHINA
CHINA CHINA CHINA CHINA CHINA
CHINA CHINA CHINA CHINA CHINA
CHINA CHINA CHINA CHINA CHINA
CHINA CHINA CHINA CHINA CHINA
CHINA CHINA CHINA CHINA CHINA
CHINA CHINA CHINA CHINA CHINA
CHINA CHINA CHINA CHINA CHINA
CHINA CHINA CHINA CHINA CHINA
CHINA CHINA CHINA CHINA CHINA
SO THERE!
Why do you keep repeating that?
china syndrome
Good one!
Here's why
http://www.nbc.com/saturday-night-live/video/china-cold-open/n12611
DUUUUUUHHHH!!!
He bought a Chinese sex toy that continually rams 12" up his poop chute.
And how do you know know of these things??
Oh yeah.. Your moniker sdays it all.
And thank you for not breeding.
A historic time to lock in a short on the 30 year
" There's never been a better time then NOW !" they say.
I'm thrilled !
92 million out of the work force, highest use ever of EBT'ers, too-many-to-count boxes in shadow inventory, zero yield on hard working savers' accounts as far as the eye can see, Biggest and Fattest Wall Street Bonuses ever, and massive collapse of the O&G sector.
Fuki still spewing radioactive death across the pacific, Japan and China on the verge of war, Ukraine turned into the next war-torn Lebanon look-alike, Barry bowing to the 9-11 perps [while Chewbakka's frown goes viral] ...
What's not to like ?
First Lady Michelle Obama Shakes Hands With Saudi King (CNN)
President Barack Obama and first lady Michelle Obama made a quick stop in Saudi Arabia on Tuesday to pay respects to the late King Abdullah, and to hold meetings with the new leader, King Salman bin Abdulaziz. But one aspect of the encounter stood out to reporters covering the receiving line at the palace: the first lady shook hands with the king.
Islamic law generally forbids men from touching women to whom they are not related. However, that rule is often times overlooked when official diplomatic delegations visit the kingdom.
...Obama also did not cover her head, eschewing strict religious and cultural customs in Saudi Arabia, where women wear a full-body garment called an abaya and cover their heads with a hijab or the more conservative niqab, which has only a slit for the eyes.
These rules apply to WOMEN...
bitchez and bastardz need not apply...
As everything else is upside down, the one woman who SHOULD wear a full face covering, doesn't
That's not a first lady, it's a man, baby!
Come on Yellen said the economy is solid that job growth is solid and my ASS is swollen. UNBEIEVEABLE as I used to make over 200,000$$$ a year now I cant find a job worth taking so I will be SOLID in my belief these worthless poluticians can kiss my ass and head to the mountains and live off my investments in my solids.
Tumble? Come on, it's down 1 lousy percent, let's not get carried away here.
if the economy keeps up at this healthy fed pace oil will be at $20 and UE will be 2% LOL
PIIGS bonds following oil, in
fünf, vier, drei, zwei ...
"It's morning in Cramerica."
Whres my MEAT on my Big Mac Ronnie?
Jim Cramer is a Jew therefore he lies. If everyone just understood that everything a Jew says is a lie then things would go much smoother.
Panic likes it 1857
Funny how every single word in the statement is scrutinized. How about this word...Bullshit!!!
There are plenty of morons who post on CNBS who still think the market runs on fun-durr-mentals. They're a special kind of stupid.
A majority of them are paid trolls to sway public opinion. Fascism in this country runs deep.
Don't bother reading what the fed says; only look at what they do.
The fact that they aren't raising rates despite their claimed "strong jobs gains" and "solid pace" economic growth, says all you need to know...
raising rates would cause dollars to come back into the US and increase the inflation rate. They know this and do not actually want it to happen.
Exactly.
Additionally, it would:
1) Increase federal deficits as the cost of servicing the national debt jumps,
2) Destroy banks with duration mismatches in their loan portfolios (i.e., borrowing short; lending long),
3) Destroy what's left of the housing market, and by extension:
4) Destroy what's left of the so-called 'improving' economy.
So, when the Fed says they 'want' 2% inflation; they're full of sh*t.
Once again: don't listen to what the Fed says; look at what they do...
We are so far upside down it is sometimes hard to understand
up fucked up fucked...
I wonder when the President's Working Group will go short equity. All in the name of market stability of course, because the profit will be given back to private US banks that stimulate the economy with their services (jobs and such) like the Federal Reserve and Goldman Sachs.
But, but, the FED has to do QE4....They'll never raise rates.
FED is not your friend, time to wake up to that fact.
organized above the law crime syndicate. oatlcs.
This is what it's come down to... "markets" based entirely upon the different variations and synonyms of a few words.
JANE[t], you ignorant slut!
Shes more than ignorant, shes a ventriloquists dummy they trot out every now and then to disseminate deceptive utter nonsense. Hilsenrath could have been the FED charmain as he does exactly the same job.
Someone else is calling the shots.
There are no shots to be called. Fed policy is irrelevant except as a mechanism for propping up and enriching the financial complex. That's ALL. Real economists aren't listening, except to measure the incredible harm being done to the real economy.
I made a strong poop today and it came out at a solid pace
Nice tits!
Here I sit, broken hearted, tried to shit, but only farted.
Anonymous (On about 5,000 bathroom stalls)
Time to get in there and buy that fucking dip.
Makes sense the price of crude would drop with strong economic growth.
from Oct 2012
https://www.nrcc.org/2012/10/18/obama-blames-high-gas-prices-on-a-strong...
Wow. Ekm1 is right. They are going do it. They are going to raise the rates.
No, they cannot.
Even if they try some 1/4 pt headfake, and I doubt they will, the "recovery" would be show to fail. They can't do it without the reset occuring. I'm almost positive they'll heat up WWIII before they let that stuff happen.
They have to. If they don't, USD is finished. That is what ekm is arguing.
Maybe that's the plan?
They'll blame it on the Greeks.
The Cars - You Can't Hold On Too Long
They'll blame it on the Greeks.
Not a chance, they'll blame it on the Russians - "Do Not Pass Go".
If they raise rates, theyre done and they know it.
They are in a corner and they cannot get out without experiencing considerable pain.
"You mark that frame an 8 you're entering a world of pain."
https://www.youtube.com/watch?v=YedqV4Gl_us
Am I correct in calling this a "Liquidity Trap"? Or am I thinking of something else...or wrong all together? thanks...
Liquidity?
Apple just reported the greatest earnings and revenue beat in history...let alone greatest revenue and profit in history.
This is a COLLATERAL call. In this case "I'm leveraged a few trillion in dollar denominated debt and I have no dollars."
If they're short everything and loaded up on puts, they could pay off the 17 trillion debt in a month. Oh that would be glorious, robbing stock gamblers for collective profit.
Or you could refit 10,000 Abrams tanks to fight an "autonomous war."
As Dr. Jim Willie has stated for years - it's "ZIRP and QE forever".
gotta love the sick world the Fed has created when suggesting that the economy is stronger is a reason to sell.
Crude in free fall.
Weeeeeeeeeeeeeeeee
eeeeeeeeeeeeeee
eeeeeeeeeeeee
eeeeeeeeee
eeeeeee
eeeee
eee
e
e
e
I eee it as a gift to buy oil services stocks at these levels. Down 3 to 6 % today, and that is on top of a 30-50% drop already. There are no fundamentals in these kind of moves (either up or down) - it is all banksters.
I think they are going to wait to see what the ECB QE is going to do.....if anything....I dont think we can sail this ocean alone....we are all in the same armada....just one ship takes the lead every now and then..but no one has a compass...or can read the stars....so we are sailing blind....and some ships are very old and leaking
The crowning acheivement of modern capitalism - robots playing chinese whispers. Out Fucking Standing.
I'm beginning to believe that this is the year they pull the plug and let the system implode.
Yes.
'Solid pace', straight to Hell.
I'm skeptical we'll see an "implosion" in the apocalyptic sense. As long as businesses can borrow, and the FED will remain the lender of last resort, the economy can survive a "mark to reality" repricing of assets and debt. Speculators get creamed. Worthless companies have their assets liquidated. Weak hands to strong, creative destruction just as it should be.
The working class has seen no wage increases. The end of the QE excess of the last few years, that did nothing to benefit consumers and the businesses that serve them, should finally unsieze our economy. Once assets are priced to reality, especially RE, consumers will have the discretionary income to stimulate demand. Sure the specuvestors will get slaughtered. But as long as biz credit is available to take advantage of consumers facing lower fixed costs I can't see why things won't get better on Main St. Pulling the plug on Wall Street welfare and returning to some semblance of a market economy should be welcomed.
Lol. Fed thinks economy is strong. Luring everyone into stocks. A few people who time this short correctly are going to make an absolute killing.
Please. You will know precisely when that time is, because shorting will be made illegal. Nice try though. The executive, legislative, and judicial are now fully owned motherfucker.
Dude, go get some vitamin D.
Not today, something is fogging the tropopause.
Please, we are just fine. Humanity on the other hand has in fact clearly been devolving.
Politics are devo-lving.
Humanity is being depricated (i.e. robots are "better, faster, cheaper...and fun to be around !" )
http://www.japantimes.co.jp/news/2015/01/28/business/huis-ten-bosch-theme-park-get-hotel-staffed-robots/
Huis Ten Bosch theme park to get hotel staffed by robotsNAGASAKI
Leaders are being manipulated by the Fed.
Yes,
Which is why gold confiscation could possibly happen again,
but more likely, they will just tax it to the point where it becomes theirs.
Which is why gold confiscation could possibly happen again . . . .
They might pass a law, or laws, on this but it will NEVER happen in reality. What are they going to do, send SWAT teams to break into people's safes and take their PM's? I don't think so. And as far as not being able to sell (or buy) gold if those laws are passed - if the demand is there people ALWAYS find a way to buy and sell things that are illegal. Typically the price is much higher on the black market than in legitimate markets.
It won't be like 08 when this "market" collapses. Save for a select few in the knwo, there will be no major money made on the downside. For everybody else selling willl be illegal.
Keep buying iPhones, bitchez.
I have been witnessing those strong job gains firsthand. In my area the companies that liquidate closing businesses are booming as store after store liquidates its contents, lays off its staff and shutters its doors.
Surely this is good news for consumers as yesterday I was at such a store looking to scoop some stuff on the cheap; I happened upon a 10' x 20' glass shelved locking display case with a sticker price of 150$. That has gotta be close to 99% off its book price... Hell if I actually wanted it I bet I could have talked them down to me carting it out of there for free.
All the Rats are scrambling for their last piece of cheese, as the lifeboat sails away.
It's always different this time...
Today is different, and tomorrow the same
It's hard to take the world the way that it came
Too many rapids keep us sweeping along
Too many captains keep on steering us wrong
I love a good Cheesthburgthes!!!
"Strong Jobs Gains"
~ Cool, so it is all good on their planet. Not so much on the one that I live on.
LOL!
Ah yes, "no inflation"... ...give more FREE money (QE and/or ZIRP) to the bankers and financiers...
Pull my finger.
Thanks for the tip, but I think I'll continue buying PMs like a man posessed. Call me crazy
Hawks?! Reminds me of that little tough bird in the Foghorn Leghorn cartoon: "I'm a chicken hawk !" That's our FOMC, bunch of chicken hawks ...
Has anyone had a chance to ask Tom Stolper Jr. how that usd/jpy long trade, is working out for the BAC trading dept.?
Where was that stop? Just under 117.20/30 area?
Is it time to short the S&P 500 yet?
Or will levitation continue?
Moral has not inproved.
Shorts will continue to be beaten until morale improves.
someone call CAT and tell them the economy is expanding solidly. Maybe people are using shovels and not earth moving equipment.
NAh, remember there weren't as many shovel-ready jobs as they expected?
China's plan for full employment
Probably US plan for full employment or at least the illegals
China expects people to work - US, not so much
The voice of Ms. Janet, followed by the voice of Mr. Market: http://www.investing.com/indices/us-spx-500-futures-advanced-chart
Do these people ever tell the truth! With that last bunch of lies we are closing in on 300K contracts on the Crimex big conract dump when those comments were issued.....
'Declining inflation'.....isn't the word for that 'deflation'?
yeah, like we had a 350+ pt declining rise in the NYSE yesterday.
someone call Radio Shack and tell them to hang on a few weeks moar; the Robust Rekovery will save them for sure.
cRAZY GRANNY,
paRTY ON gARTH
Plunging? What the hell are you talking about? Markets barely reacted. Exaggerate some more why don't you.
Because when it "looks like shit"... "smells like shit"... and "tastes like shit"...
Why can't you call it filet mignon?!!!
And what will happen to "reserve currency status" if this keeps up!
Hawkish Statement by FED.
Moar drones and robots to replace your penny pinching asses. We have to start building Walmarts in Africa to start saving you money by lowering wage costs. The Baltic Dry Index has gone tits up. We can basically ship shit to you for free.
/ LOL
I love down votes, it just means the message has reached to the top.
The relationship between Thomas Jefferson and Sally Hemings has been a subject of speculation for centuries and even more so in the past decade, when DNA testing increased evidence of a sexual liaison. Author Annette Gordon-Reed, who received attention in 1997 for a book that carefully evaluated claims and counter-claims about the Jefferson-Hemings relationship, has written a new book about Sally Hemings - a slave in the Founding Father's household - and her family. Gordon-Reed's book chronicles the Hemings family from the mid-1700s, when an English sea captain fathered a child by an enslaved woman living near Williamsburg, Va., to the early 19th-century story of Sally Hemings
__________________________________________________________________________________________________________
Go fuck yourself, feel the heat. You cannot sustain this daylight robbery much longer.
Kirlian Camera - Heldenplatz
I greenie-ed ya. ;-)
Keep up the good work!
Thank you,
Unfortunately, this is all commonsense. If a Government robber points a gun at you, he/she takes your wallet, identity, phone, keys to your kingdom. As he/she is running off with your possessions, freedom of rights.. You shoot them as they are making off with another Government heist on taxpayers.
They’re so comfortable that we will continue to get raped. Once they hit the same entitlement market, dead bodies all over. There is only so much blood to drain from a turnip. Once you knock out the middle class, go after the people you encouraged to get on the Government dolt. It will become a blood bath for the government enablers. I really feel sorry for the government servants who chopped at the bone to receive money, convince people, then get hunted down. Reminds me of a used car salesman working as a government parasite.
How To Irritate People - The Car Salesman
I greenie-ed ya. ;-)
At first I thought you meant you flicked a cyber-space booger in his eye . . .
Doesn't matter. Only your future we continually fight for. You deserve the same freedom we grew up in, less the daily event of another terrorist attack. The banking system is so fucked..
The FED are crimional liars. Rayes will never be "raised" ever. I dee double dare Mr. Yellen to do so. Ha, that's what I thought. Jawbone BS.
The FED are criminal liars. Rates will never be "raised" ever. I dee double dare Mr. Yellen to do so. Ha, that's what I thought. Jawbone BS.
Fischer wanted the 'considerable time' phrase dropped last time...
seems that his ideas might be gaining some attention, check the rest of Hussmans article to see
he also said the Fed can lighten up its balance sheet w/o changing rates, and perhaps with Euro QE there will be enough liquidity to stabilize the market, at its overbought levels. if the Fed is selling assets they sure as hell wont be buying them, but Euro QE arrives almost by divine intervention. of course the terms of Euro QE don't indicate they can buy Fed assets (but perhaps their banks can and then pass them through) while Fisher's idea were completely ignored a month ago, it did give Yellen time to set up a carry trade in bad paper? in exchange Ms Merkel gets her gold back? hmmm
Off teh lows!
Bubbleheads once again busy clarifying in coordination with PPT ramping markets back up
Got to keep that "Markets should NEVER doubt the Fed's navigatiting skills" attitude alive
It's all so fucking orchestrated and retarded. Sheeple around the world - marsch to the slaughter house! Can't wait for this fucker to crash and burn like it's 1929 and tell all the smug fucking Warren Buffet wannabees to stick their beloved stocks up their asses!
This leading indicator, BKX financials, which hasn't gone anywhere in the last 18 months, may be pointing down to the next bear market lower low, 5% below at 64:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=bkx&insttype=&freq=1&show=&time=9
Gunpowder is still a bit wet but the dryers are set on notch 8. Give it another 3 months or so.
Well this article was hardly worth it. Everything is almost green again.
Yay! Rollercoaster
Economy looks good........."We're not gonna come in your mouth, we promise"
No really, no need to print, just keep sucking
I'd sell into this weekend. February is going to be a bad month. The stars are predicting misfortune. Saturn is in the Sun. The twins will be fighting soon. The DOW will bottom in May.
WHERE THE FUCK IS BULLTARD?
just wondering when this site is gonna give it up already...
anybody else?
Sounds like a pretty negative comment directed against ZH. Why are you still here reading the articles and making comments?
You stop posting & visiting ZH. We'll continue without you.
well, i dunno about stocks, but bond yields are down near 6%.
200 DJI points down in 90 minutes: This could be the start of something big:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=DJIA&insttype=&freq=9&show=&time=1
The Super Bowl is going to be the bomb this Sunday!
1-2-2015 = 11
National Fag League will be pumping new policital correct commericals. Another deflated attempt. Ask Audi.
Green Police Audi Ad Super Bowl 2010
So sorry that I fucked up advertisement bullshit. You’re a loser, not us. BMW rules you fucking Audi tree humping 2015 Subaru outback libtard. Any anti- American sticker on your metro-sexual boot will greet you with the middle finger. Socialist cunts feeding from a trough, looking for more entitlements.
90% of the Americans will agree, dispite your gallup poll bullshit numbers. How did the Volt, Leaf, Telsa, and Fisker manage the overrated snow storm?
Edit: forgot the SMART Car.
They're rebounding now. Whew !! There for a minute, I thought "there's no one behind the curtain this afternoon".
Algorithm shorting - which usually means they cover at the close, collect their 99% of the time profits, and set up ready for tomorrow's headline.
Fed is making US inhospitable for investment in both bonds and stocks...with EU QE starting up, there is only one place for money to flow into
wOw, indeed … we’ve got the $44 handle now! Brent crude $48.44 and U.S. crude $44.35 A Barrel Now http://www.bloomberg.com/energy/
I am so excited … https://www.youtube.com/watch?v=8iwBM_YB1sE
Event needed in the US to push trillions into worthless EURO paper, so the Fed can raise rates.
I wonder what that event will be???????
They want to merger the EU with United States of America. Create a larger cresspool of debt to print more money. Maximize GDP growth to a 3% forecast. Comical
Changing the map like that doesn't happen overnight, unless something happens.