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Worst Wage Growth In History Sparks Bond & Stock Buying Frenzy, Rate Hike Expectations Crater
Bad news is great news again... Stock are surging (and bond yields tumbling) following the worst wage growth in history this morning. The US Dollar is getting hammered and the Fed Funds Futures (price) curve is surging (as rate hike hopes are priced out).
and The US Dollar is getting hammered...
and the Fed Funds curve surges...
Charts: Bloomberg
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BUY ALL THE THINGS
MOAR Cow Bell and QE
Sing along with me:
Everything is beautiful,
in it's own way,
hold hands and sing Kumbayah,
it' seem like a sunny day ay ay
It's fucking awesome and if you don't think so, we'll send you to a Hillary's Fun Camp for a fucking tuneup
Everything is beautiful,
in it's own way,
hold hands and sing Kumbayah,
it' seem like a sunny day ay ay
Hold on, somebody beating on the door screaming something about "Citizen"
Everything is beautiful,
in it's own way,
hold hands and sing Kumbayah,
it' seem like a sunny day ay ay
Bankers buying from bankers.....selling to bankers.
We got a whole other wing of printers coming online.....get your shades on.....this is gonna be spectacular.
UP is not permanentlly DOWN.
Like-wise, DOWN is now UP.
Wah is piece.
There IS NO SOUTH...hey Seek truth, want to enlighten ZHers on the Flat Earth? You know what the BOOK sez....I know what the book sez.....which globe has four corners? Hmmmm?
Reset immenent...
Finally.....FREE?
I hope NOT...
https://aadivaahan.wordpress.com/2015/07/31/freedumbs-just-another-word/
Time for the algos to start singing "Daisy.... Daisy..."
You can't "BUY ALL THE THINGS", the Fed already owns them
BLUE MOON FRIDAY, bitchez !!
AND... It's the 13th backwards!
The Second Coming of the Dyslexic Anti-Christ in a Month
Haaha...nice sub-thread..all the way up....funny stuff....
Knuckles, you mneat in a thom?
Sorta like somebody getting elected twice in a century?
Earnings? We don't need no stinking earnings!
Give us a shitty consumer experience and we'll buy that, assumig there are no new brown people being bombed at the moment...in which case we'll buy that...
Because, exceptional, and such as.
For shares, any news is good news. For PMs, any news is bad news.
If buying central bank insurance at a lower price is bad news, then I hope to see a catastrophe.
Merika, profiting off crunchy baby parts and the misery of others.
The Planned P story is truly ghastly....makes me wonder what goes on in all these NGO funded orphanages here in India....
Truly, a portion of the global population is in serious mental decline...
Don't know how rate hikes effect wages as most people on wages don't have access to the discount window.
True, but wage growth is a goal seeked target of the Fed. They want it rising before hike.
Ah, "wages", that quaint, 1950s construct, like trading based on fundamentals
the FED pushes one way and everything goes in the other----what can it mean???
Hm... Our Military-Industial complex is largest in the world and global sales are excellent! Too many countries remain without armed conflicts at all - we must change that! POTUS, MORE WARS PLEASE!
This should be good for DJIA +300 today...and on a Friday too so that the traders can feel good as they leave work early to beat traffic to the Hamptons
What bullshit
Umm, with 15 minutes to go before the opening, the Dow futures are down 1, S&P and Naz futures are about even. I guess the definition of surge is different than I thought it was.
Seriously, though, anyone who thought that the Fed and FedGov would allow the data to support a rate increase is naive. I don't see rates going up any time soon. One, the economy sucks pretty much everywhere but Northern California (tech bubble II headquarters(; and, two, the Federal budget simply can't absorb the higher debt service costs that higher rates would bring. Where's Obama and the Congress going to find $180 billion per each 1% increase in interest rates? The answer, they're not going to find it. The budget deficit (and national debt) will swell up like a balloon and the Fed will take the blame because of interest rate increases. Not going to happen. They like their cushy jobs and insider trading abiities way too much to give them up for something as trivial as a rate increase.
They will raise rates come hell or high water. It no longer has anything to do with fundementals or the strength of economy though.
Agreed.
The Fed, like all institutions beginning to fear their own demise, will raise rates (if only symbolically), AND perhaps more. They have to.
You simply CANNOT have a rising DOW and S&P, AND this critical labor metric at the same time, without public anger rising in intensity.
If we limp into the next presidential campaign without total collapse by then, expect a year unlike any other since 1968 (though for different reasons).
If you weren't around back then, Google it.
It was a year the nation's wheels almost came off the wagon...
m
After the way those CNBC tards talked crap to Peter Schiff the other day, this karmic blast was inevitable. But...but...but the futures market is pricing in a hike... LOL.
INDICTMENT
Americans are criminals because Americans violate the Constitution of the United States of America.
The U.S. President Obama, the entire U.S. Congress, the CIA, the FBI, the U.S. Military, and the entire Police Force of these United States SWORE to protect, serve and uphold the U.S. Constitution.
The U.S. Constitution forbids usage of debt as money (referred to as 'notes') and stipulates that only gold and silver can be used as money.
Yet,
Americans commit or support and condone the murder and torture human beings throughout planet earth in the name of democracy and freedom, all for the sake of acquiring Constitutionally fraudulent and illegal Federal Reserve Notes a.k.a (counterfeit) U.S. Dollars.
Since the United States is a democracy and Americans only elect Democrats and Republicans who perpetuate this unlawfulness,
Americans are indicted criminals according to the United States Constitution.
Spread the word.
We certainly show the Chinese who the real superpower is when it comes to propping market
They are no match against our M3 Bubble Blower
its amazing how 'satisfied' workers are per another zh article, given their purchasing power per hour worked is constantly decreasing....along with the value of any savings (not investments, but savings).
the mindset is more along the lines of, 'its a recession when neighbor loses his job, depression when you lose yours'; and 'its better than X', 'at least i have a job'.
always strikes me as odd how much people fully embrace the 'working for someone else who tells you when and where to be and tells you what to do' mindset. self employment is difficult, but once you get a taste, you never go back....and if you keep your debt low or nil, one can ride through any econ cycle
golden handcuffs.
I often feel selfish thinking "I hate my job." then the capitalism angel on my shoulder whispers- "you should be so lucky"
scuba, just finished the book " the Happiness industry"(how .gov and big business sold us well-being)" by wm davies..he makes the attempt to explain "utilitarianism" by a englishman J bentham; for" .gov the right actions are whichever one produces the maximum happiness for the population overall.."and how this has motivated western business and governments..of course it's how you measure happiness that's the rub..
the elites think they can measure the publics state of mind ..to wit: google and face book's experiments on limiting info to produce happier people. (of course the side effects of more placid populations has to be accepted as a by product of happiness)..seems the elite at davos love utilitarianism and have had numerous work shops on it and similar ideas.
The Fed rate hike is happening in 2015. There is no stopping it.
So much for the chronic "recovery" theme being bandied about at every opportunity by the media whores.
The first rule of global mega-corporations is that the profit of shareholders and exectutives must come first. If the worker bee complains about their wages, they will be replaced with an illegal alien for a fraction of of the cost.
Wages for American workers will never rise due to free trade and globalization.
Right, what's all this then, eh?
Compared to the CANUCK BUCK the American dollar ain't getting fucking 'hammered'. Frankly, with all the money Canadians are losing to the Americans the yanks really do have enough of our money to get hammered for the next decade IMHO.
Yo Tyler(s), what do you think CANADA is, chopped liver?
PLEASE talk about how the American Government is FUCKING our dollar to artificially inflate USD. We are NOT EM, but that cocksucking government you have over there treats us like we are.
USD getting 'hammered', yeah right, eh.
A buying frenzy? Wake me up when we break the May high ... in 2115.
And Gold Surges
Those poor pensions are dying of thirst.
All insolvent and declining.
Bad days ahead.
But Walmary increased minimum wage?
LOLOLOL
And all of the pundits are scratching their heads wondering why one third of millenials live with their parents.
3rd world country - here we come!
Wage data is bad so oil will be sure to spike to finance petrodollar in money market liquidity for the pump and dump bankers. So the little guy was in trouble before they got crunched between little purchasing power and forced consumption of oil? Well bankers and idiot politicians care sooo much they sent philanthopist to tell people to condone the problem. George Orwell is rolling in his grave.
My girlfriend works for the BLS.
https://www.youtube.com/watch?v=Im4vroGlHnU