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Dollar Dumped As Fed's Lockhart Fails To Mention Word "September"
A scan through Fed's Lockhart's speech and it is quite apparent that he said absolutely nothing new whatsover. But, seemingly because he failed to mention the word "September," frantic FX algos have sold Dollars and bought everything else as hype hope shifts to December... Just a reminder, this is the same Fed that says a 25bps rate hike is irrelevant and priced in...
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Priced in for sure
This is a nothing move anyway....index should be 32.00
September cannot be ignored. This has been ordained for a century. Someone double check my timing; I want to be correct here.
1901-1902 Shemitah Year - 46% US stock market value wiped out.
1916-1917 Shemitah Year - 40% US stock market value wiped out. German, Austro-Hungarian, Russian and Ottoman Empires collapsed. Britain, the world's greatest empire was almost bankrupt. The beginning of American to rise to world power.
1930-1931 Shemitah Year - 86% US stock market value wiped out in the worst financial crisis in modern history.
1937-1938 Shemitah Year - 50% US stock market value wiped out. Global recession.
1944-1945 Shemitah Year - End of German Reich and Britain's hold on territories. Establishment of America as the world's super power.
1965-1966 Shemitah Year - 23% stock market value wiped out.
1972-1973 Shemitah Year - 48% US stock market value wiped out. Global recession. U.S. voted to kill its unborn children (Abortion legalized). U.S. lost its first war - Vietnam
1979-1980 Shemitah Year - US and global recession.
1986-1987 Shemitah Year - 33% US Stock market value wiped out.
1993-1994 Shemitah Year - Bond market crash.
2000-2001 Shemitah Year - 37% US stock market value wiped out. 9/11 and Global recession.
2007-2008 Shemitah Year - 50% US Stock market value wiped out. Global recession.
2014-2015 Shemitah Year - ??
Bah, they wouldn't be gods of all time, space and matter if they couldn't overcome a little history and mumbo jumbo.
Suggestion that people actually belived there would be a (meaningful) rate increase is bewildering.
Unless there were to be some kind of "event" just after the rate hike -- like a supposed Chinese, Russian, or Muslim hack attack against Wall Street -- that helped usher in a new political-economic paradigm... then a meaningfully-sized increase could help sell the notion that, "Things were doing great before that dastardly terrorist attack!"
Counting on desperation is a realistic bet now, I agree.
Yes! YES! How indeed could anyone really have believed that there would be a meaningful rate increase? Attribute it to stupidity or to fantasy, it is quite terrifying that there are that many morons floating around the world who could possilby have believed that lie.
On a different topic, I've got this bridge in Brooklyn and I'm looking for a few investors. . . .
It's not what you do, but what you say, so you can't say anything, but apparently, you can't NOT say anything. The market is sociopathic and psychotic and we're along for the ride......
23m
Chicago Public Schools announces layoffs of more than 450 teachers - @nbcchicago Read more on nbcchicago.comThe slow, painful descent. That has been the plan since 2008. Allow for time to structure life after monetary crash.
Sad that they think they can CONTROL EVERYTHING.
So now it's December,,, then Feb,,, then May,,, then.... Awww to hell with it.
Up yours savers,,, Up yours Capital,,, Up yours Mr. Market.
There is nothing wrong with your television set. Do not attempt to adjust the picture. We are controlling transmission. If we wish to make it louder, we will bring up the volume. If we wish to make it softer, we will tune it to a whisper. We will control the horizontal. We will control the vertical. We can roll the image, make it flutter. We can change the focus to a soft blur or sharpen it to crystal clarity. For the next hour, sit quietly and we will control all that you see and hear. We repeat: there is nothing wrong with your television set. You are about to participate in a great adventure. You are about to experience the awe and mystery which reaches from the inner mind to - The Outer Limits.
The sad tale of a controlled market,,, and just about everything else.
Did I say rate hike in September? I meant to say December........ March....... June 2025 not 2015
7/7/2014 to 8/8/2015 The US Dollar's staged curtain call.
Just draw a train on that chart (with Sam-I-Am at the helm), and the chart makes sense to me...
The Fed is not going to raise this year. The boy Yellen has played a blinder.
they are not raising rates ever, the end is nigh
Someone needs to make a comedy sitcom based on the Fed.
Call it something like "Rothschild & Moneychangers Short Stories"
Harry Dent said if the market doesn't crash in the next 4 to 5 years he is quitting his business and becoming a limo driver in Australia. Don't do it Harry we still love you!
These type of carefully crafted statements are designed to manipulate other markets such as Euros,Oil etc.
I dont have time to find it again but someone posted a link from CNBC I think it was, from 54 minutes ago..lockhart said everything is fine and they will raise rates soon/slowly.....I swear, in one day, I will hear everything from back to white, from day to night, from the likes of goldman and the fed etc. The economy is great, no the economy is still lack....the jos situation is normal, the job situation is not quite normal yet...its going to rain today...no, its going to be sunny today....my head is about to explode, dont these people talk to each other?
Are there people that are really stupid enough to believe that they will raise rates? I mean, really?
Must be all part of a groupthink bong party or something as I see ZERO chance of them raising rates any time in the next 5 years.
And the same Hatzius that told us all that capex would provide a tailwind to growth.
Rate hike in Septober.