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Jawbone Renormalization: Only 560 Words In FOMC Statement, Fewest Since October 2012
While the Fed, courtesy of its $4.5 trillion in assets, is boxed in a monetary corner from which there is no "renormalization" exit, at least no exit that doesn't involve an epic market crash, one place where Yellen and her peers are normalizing is the verbal transmission mechanism, aka the statement jawboning. Because after peaking at 895 words in September 2014, the April 2015 statement had a paltry 560 words, barely notable by Fed QE standards.
In fact, at 560 words, this was not only the lowest wordcount of any FOMC statement since October 2012, just before QE3 was launched in December of 2012, but actually had fewer words than Hilsenrath's 608 words "explainer" of what the Fed just said.
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Talk is cheap....
EPSON toners and the CTRL + P paradigm are cheaper...
The 558 into 2 word translation is simple:
Fuck You
I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing... www.globe-report.com
And as a result of their games, every asset in the country is improperly priced. The stock market is not even close to being priced to reflect the state of the economy. It is a financial illusion and when it blows, the game will be over for America.
Print cash, send to poor people. There's nothing left to do.
560 ? Still too many. " we ain't gonna do squat and you can't make us"... there fixed it for you.....
The best thing they can do is stop fucking around with our money.
Yes, and gold just got cheaper, plunging $10.40 in seconds. Vertical. Straight down with gravity. I'm sooo surprised.
Yea crickets got quiet after the jumping thing....
one word: transitory, would have sufficed.
Holy shit goy are stupid, its down to counting the number of words some Jewish hobbit wrote.
...QuEef
less words moar ramping.
Can we call this an increase in FED jawboning productivity?