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Be Afraid: This Is The Fed's Last Remaining Strategy
While we were most eager to hear Bill Dudley's take on the shocking events out of China in the past 48 hours, we would be denied:
- DUDLEY SAYS WON'T COMMENT ON CHINESE CURRENCY POLICY
... although he did add the cryptic:
- DUDLEY: MAY NOT BE INAPPROPRIATE FOR YUAN TO ADJUST W/ECONOMY
But what was the most disturbing soundbite out of the former Goldmanite and current head of the Fed's capital markets trading branch, was the following:
- DUDLEY: HOPEFULLY IN NEAR FUTURE FED ABLE TO RAISE RATES
Compare that to Lockhart's enthusiasm just a few days ago:
Lockhart (pre-China deval): "Liftoff is close" ... "very disposed" to Sept
Dudley (post-deval): Can hopefully raise rates in "near future"
— Jamie McGeever (@ReutersJamie) August 12, 2015
And that's where we are now: the Fed's latest and greatest "strategy" for the future is a very simple one: hope.
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It worked for President Fail...
NIRP/Hypothecation around the corner?
Part of me would love this nonsense going on for another decade.
S&M is popular in Germany, isn't it?
They still raise rates in September after consensus shifts to December, everything takes a nose dive. Then they will be able to really pull out the crazy train policies, just like they want to.
Kicked the hopium habit a few years ago…
but had a relapse.
The Fed is in the business of eliminating their competition. See Bullard's endless flip-flopping and their full-on market manipulation efforts. He will be rolled out at least once or twice a year to talk the markets down and accumulate short postions, volatility, etc. Then, they will roll him right back out, reverse opinon, and short-squeeze the piss out of the shorts until they have no fiat capital left.
Do not think they would not orchestrate this whole China Devaluation theater to do just that.
Greed/Fear index now at 6. Boat loaded. Squeeze.
And do not think they will EVER stop until someone, China or otherwise, makes them for real.
The vampires are having too much fun at the top in all the big countries.
I expect them to pump the market back up and then raise rates to cause a crash. The 1% can make a lot more money from big moves because they know what the moves will be. What looks like chaos to normal people is all part of the plan.
Cha Ching Bang Bang
S&M is more a British thing. Germany tends to be into scat.
The FED ran into somebody they can't bully or control. The Chinese. At the first sign of real weakness, expect every fucking enemy Amerika has generated due to Obozo and company to pile on top.
Well, let's face it, hope can't be any worse than what they've been doing! I'm torn between thinking these CBer's are either criminals or just f'n stupid. There's a good chance they are both.
Their closer to monkey trying to bash a square peg into a round hole. It would be pathetic if it didnt destroy billions of lives in the process.
They know the results so they are evil, nasty, spoiled rotten, animals.
Ah watch this. Janet will introduce a financial innovation called synthetic interest rates called "Operation Grift". They can invoke nAtional sEcurity because China, Russia, and manipulation. The cabal get's an interest rate they like; and the muppets get something different.
Just had a picture of Janet Yellen handing her beer to Fisher and saying, 'Now watch this!'
-lol... of course they are both
they are criminals BECAUSE they are stupid
"Oh, Dudley, isn't it wonderful?" - The Bishop's Wife, Loretta Young, Cary Grant, David Niven 1947.
Merkel sitting over a glass coffee table and Tsipras underneath.
tarsubil, I logged in just to give you a greenie for that one. Thanks.
It probably will.
Never underestimate the aversion the addict has to letting go.
The addiction to power and greed is harder to break than any other known.
Because they have convinced themeselves a long time ago that what they do is right (some clown had the nerve to utter "God's Work")
Of course there will be war, death and tragedy for the peaceful.
War is Peace
Hope is Change
Yeah, and Poverty is Wealth.
"Near future" = 2035
2035 is probably a good target. 20 years is about how long it's going to take to clean up this mess...
;-D
TPTB aren't going to clean up this mess, they will continue to make it worse until it allfinally falls apart, and then we go to war. Probably sooner rathet than later.
TPTB like Truganini will be in chains...
https://www.youtube.com/watch?v=LcxdbZ5chcc
PLAY LOUD!!!
;-D
They'll keep sluttin' til Daddy takes away the keys to the convertible, cuz it feels so good! No, they don't care and have no scruples.
Same as it ever was...
It's music day: https://www.youtube.com/watch?v=I1wg1DNHbNU
PLAY LOUD!!!
;-D
Turn it up!
https://www.youtube.com/watch?v=08h0IVs4RKQ
This won't end until the FED is gone.
You have to take away their access to the magic money computers.
In the past, the main pre-requisite for war has been a Republican administration. So I'm calling 2017.
Bullshit
Most wars over the last 100 years had a Democratic starting it.
Major conflicts
Democrats:
WWI
WWII
Korea
Vietnam
Republicans:
Iraq 1
Iraq 2
Then there were some minor one...not for the countries attacked, but US had such an advantage that they suffered almost no consequences.
These include: Granada, Panama, Haiti, Bosnia, Serbia,
And the more recent Libya, Yemen, Syria, Ukraine.
The minor ones also go to the democrats.
I left Afghanistan off this list because it was started under Bush but Obama is the one who sent in tens of thousands of soldiers there, while Bush was mostly using Afghans for the fighting. Still he started it, so republicans get that one.
Who fucking cares? It's one giant hydra and there are still peeps that think there is some shred of difference. It's a distraction, an illusion- to keep you occupied while the owners of this country, oddly enough D and R alike, fleece the fuck out of you.
I am in awe every time I see some comment proclaiming the virtues of one group of swine over the other group of swine.
Another one who didn't do all the what ifs.
Hope, but no change in policy.
"Hopefully...able" = "We have no control, we are powerless".
The green Nazi has been very successful...
I think when it comes to rates, it's more like "nope".
like smokin Dope
Excuse me Fed but if you weren't just following orders from your Shareholders, the TBTF Banks, it would be obvious that your Policies are not working because Monatary Policy is not the answer. The US needs major structural reforms. But this what happens when the world is run by oligarchs, managed by corrupt politicians and aided by a compromised private Federal Reserve. It has to collapse to change. And even then......
Oh, and by the way Fed, you have absolutely NO credibility.
You forgot compromised accountants. Oh yeah, and agendized economists, my model for climate scientists, cuz it's settled science.
hope is for dopes at the end of their rope
Or NIRP
"Hope" Now where have I heard that bullshit before? Forward bitchez!
Hope in one hand and shit in the other. Which one fills up first?
Sorta like "A hand full of Gimme ...
and a mouth full of Much Obliged"
Worked for lotsa folks, until it didn't ...
TANSTAAFL
(Can't we just get to the Rock throwing portion already??)
The audacity of hope?
The Fed has always sold hope while stealing from savers to enrich the banksters
The Fed Won: America's 0.1% Are Now Wealthier Than The Bottom 90%http://www.zerohedge.com/news/2014-11-11/fed-won-americas-01-are-now-wea...
The audacity of nope?
need some rope
Just one day closer to The Big Print.
It is ongoing and any increases will never be announced.
yep ... there's always hope.
The emperor has no clothes and no balls.
I hope Congress ends the FED. (but Congress is a bunch of fools.)
A bunch of fools or a bunch of tools?
All kinds o tools for all kinds o fools.
Not the sharpest tool in the shed.
No, they are a bunch of bought and paid for whores.
The FED owns Congress. There is a better chance of a meteor strike in your front yard before 3.
Kudos to ZH for pretty much being the only place for real financial news these days, but the very fact that they have to keep trumpeting this is yet another glaring example of the collective stupidity of the American populace. This is over. Of course the Fed can't raise rates. The US couldn't service it's interest obligations on the debt. We can't even get the real numbers on the debt. It's a total effing load that the media reports US debt levels <100% of GDP.
So here we are. The *only* option the Fed has is to keep printing. If you can't see where that eventually lands...
-Argenta
Seriously, who does the Fed think they are kidding? As Japan has proven over several decades, there is no escape from zero rates once you go down the route of funding the economy with exponential debt growth.
Zero chance of normalizing rates. Zero chance of real (as opposed to nominal) growth/profits to accelerate.
Exactly. Those fuckers-meaning the FED and the TBTF banks bankrupted this country. They turned Japanese in 2008. All the rest of this is theater, QE, ZIRP, eternal jawboning- it's all bullshit just like any nominal hike- a make believe plan for dipshits like Steve Liesman to talk about.
A black hole full of zeroes.
"On the off chance that we might possibly hopefully be able to slightly minutely raise rates a miniscule infinitesimal amount we may be wishful that a nominally marginal improvement could nearly be microscopically witnessed in US economic exceptionalism." -Bill "The Mouth" Dudley
+1 for all of the minimal adjectives.
who cut the cheese?
He who smelt it, dealt it.
Interesting paradox: On one hand it looks like interest rates need to and will be raised. On the other, QE 4 seems right around the corner. ...opposite directions.
If we could only create a bank, assign all debt to it, then close up the bank.
That would work, would'nt it?
DUDLEY SAYS WON'T COMMENT ON CHINESE CURRENCY POLICY. Thats all you need to know
And exactly WHO thinks the Fed will be able to raise rates EVER again in a meaningful way? Maintaining the staus quo means a slow economic "Death by a Thousand Cuts" (probably renminbi cuts). Raising rates means a leap into the abyss of depression. This is the Fed's Last Stand and unfortuantely, Janet Custer needs to pick her poison very soon.
Fate the Magnificent
"Push the Button, Max"
The fed will never be able to raise rates in a meaningful way and I not only have a sandwich bet on it, but i am also positioned to take advantage of that fact with my fiat. Long treasuries until the ten year pushes below 1% yield.
MAY NOT BE INAPPROPRIATE FOR YUAN TO ADJUST W/ECONOMY
Conditional tense + double negative = fuckwit
NIRP NIRP NIRP
NIRP NIRP NIRP
NIRP
Burp!
excsue me!
Oh yeah, and who told YOU.
the knights who say NIRP - but in this case 'knight' means 'd o u c h e b a g b a n k s t e r'
Hopefully, Dudley will slip on a banana peel and knock his front teeth out.
The guy looks like the Easter Bunny, who also is as fake as a Fed. rate increase.
Thats goddamn funny there Yen!
He also could be mistaken for a squirrel who just discovered the line of porta pottys at a peanut festival!..
I bet that bucktoothed mutherhubbard could eat corn off the cob through a picket fence! Chicklet toothed grinning sumbitch!
rotflmfao
Hoping and praying. That's what we're reduced to.
May God have mercy on our souls.
2112. The year they may raise rates.
On the bright side, this is sure to upset all the Prechter cultists/fanboys...
again.
Jawboning. It's all they got.
"hopefully raise rates" is a statement only a shyster bankster servant central banker could say. it has no logic, other than in the minds of a banker who wishes to make more money on interest rate spreads and enrich his bankster kin to the detriment of everyone else. there is no economic growth, there is no inflation pressure, it is lunatic, corrupt talk of "hopefully raising rates". he does not wish for the stock market to correct its exuberance, he does not wish for jobs to appear - he wishes for something that benefits only his own - something (higher rates) that is so out of line with the economic reality (other than the media spin he controls and that we get bombarded with everyday and forms a neverending cloud of BS) that only a moron would believe in.
there is no other logic to defend raising rates (other than benefit shyster banksters). why not end reverse repos, securities lending and all direct and indirect "interference" the NY FED engages in every day.
this guy has all qualifications required to work at FIFA.
to build a New World Order... first you have to dismantle the old one..... and thats what we're witnessing folks
Who else is NOT looking forward to the "Jew world order"
Being a citizen in the American corporate state is much like playing against a stacked deck: you’re always going to lose.
The game is rigged, and “we the people” keep getting dealt the same losing hand.
Even so, most stay in the game, against all odds, trusting that their luck will change.
The problem, of course, is that luck will not save us.
Quick, roll out the Bulltard to announce "A September NIRP is not out of the equation."
Of course they'll raise rates, the U.S. economy is booming, +0.000000000001% = raised...Geez, don't be so pessimistic ZH'ers...
How could anyone have see this coming? How many helicopters does it take to dump $10 trillion dollars?
Just one...if you have a trillion dollar coin,as per Krugman.
Where are all the fed raising rates crashing gold trolls ? Cowering in the corner or sucking their collective thumbs?
They're going to have to actually do something eventually.
Deny, delay, obfuscate, shuck & jive, smoke & mirrors, just keep sucking as long as possible. A lamprey only lets go when the host is drained of life or he throws it off somehow. We voted these paracites onto ourselves. We will have to change the two-party electoral paradigm to shake them off. Clue: The MSM is in on fleecing the rubes. Abandon and ignore them.
They will probably choose self-preservation at some point. They have nice bunkers.
Another jet needs to hit another building holding all the evidence of financial crimes.
James Comey is a war profiteer. Naturally he runs FBI.
Just let it blow already. The whole fucking establishment is just so corrupt it is painful to watch. No doubt when the plug is finally pulled, the insiders will get the nod to clear out of the way.
Rate rise to take it's place alongside the easter bunny and Santa Claus. China unleashes even more deflation. ZIRP forever! Thank you PRC.
They lowered rates and stole everybody's money and now they have the DHS prepared to kill us if we enforce the law and come after them.
DHS is disfunctiioable don't count on them to be the ones who come after you they will be to busy protecting their own, if not they should be.
Do you work for the government? Your comment seems a bit vague. I mean, are you saying they will or will not be available for tyranny? Or you don't know, which makes your comment even more vague. If you are not a demo shill, you should be one.
Dudley - looks kind of pervish to me.
They're all perverts.
Yuan dependent data, there is always a reason to be found better watch the Kardashians.
The Yuan = another cheap shitty Chinese product.
He won't comment on the fact that in order for the U.S. to get a decade of Communist Chinese financing for war,they sold out the base of U.S. manufacturing,creating massive unemployment and destroying good paying family jobs.Just look at the run down industrial wastelands surrounding most American Cities.Detroit,Cleveland,Buffalo...the list goes on and on they're all broke with massive social problems.
Do they ever release a statement that isn't peppered with vagueness?
raise rates...they will never raise rates because it would bankrupt the treasury....all they can do is talk and print...hows that QE/stimulus formula working out USA?
If you are not in cash and gold you gotta be a bit soft in the head...too much Kardashian nonsense, cocaine, and sugar.....
Anybody for a staged Gulf of Tonkin incident in the next 3-6 months in the south China sea?
Two nuclear heavy states duking it out in the South China Sea? That would bring the planetary timeline all the way to the long side.
Who the fuck authorised my suicide? It sure as hell wasn't me!
It's the bureaucrats stupid!
raise rates...they will never raise rates because it would bankrupt the treasury....all they can do is talk and print...hows that QE/stimulus formula working out USA?
If you are not in cash and gold you gotta be a bit soft in the head...too much Kardashian nonsense, cocaine, and sugar.....
Anybody for a staged Gulf of Tonkin incident in the next 3-6 months in the south China sea?
Obama will lay it down folks. Smoke a bowl and get on the phone to the Fed.
A stock market falling out of bed on his watch? Not a chance.........
I just got back to the house after hiring some day laborers (THREE UNEMPLOYED WHITE GUYS... by the way).
As we were riding in my truck to the job, I asked these guys some questions.
I asked them:
1. "Have you ever had any capital in your life?" They all answered "Well, sometimes... but most of the time, none".
2. "Do you have any capital now?" They all answered "No", because they were unemployed.
3. "Do you anticipate ever having any capital?" They all answered "No".
4. "What do you think about capitalism?" They all said "Who gives a fuck about capitalism".
5. I asked "Well, why do you think that?" They all said "Why should we give a fuck? We'll never have any capital anyway".
White day laborers? Dont expect a whole lot out of them and keep an eye on your shit, one might be an ex lawyer you know...those goddamn whites are the worst when it comes to day labor!...
You're clueless. Go volunteer at a homeless shelter. Oh, too late. There is no homeless shelter. Now the homeless shelter gets money from the state to take in "mentally ill" peeps being dumped here from all over the world, so they don't take in the destitute anymore. Its a homeless shelter like the Patriot Act is patriotic. Just like all legislation is the exact opposite of what it claims to be.
Arm the homeless. They need it now. They needed it 10 years ago.
Are you demoralized yet, citizens?
https://www.youtube.com/watch?v=kJKJM36lMTE
The Fed will raise rates, even by a paltry amount. You can bet on it. The next recession is just around the corner if not already here and there are no bullets left in the gun to fight it. The Fed and everyone else now realizes the impotence of another round of QE. The last thing Janet Yellen wants is to be in front of a congressional committee being peppered with questions about why the Fed didn't raise rates sooner so they had at least one weapon in their arsenal. The Fed's decision to raise rates has nothing to do with fighting inflation.
The next recession is just around the corner? WTF have you been? We have been in a depression since 2000 that's been masked over by excessive amounts of debt and SNAP. BTW, if they hike rates in this mess congress will be all over them because they added fuel to the collapse.
Can you say NIRP?
Furthermore - if you really wanna bend the spoon - just suppose the Fed hikes rates because it's realised it might actually be stimulatory or even inflationary.
I know, goes against all monetary dogma. But maybe they've reached that point.
Ben was a lot better liar.
That's only because most of the time it was impossible to understand what he was saying.
Raise rates...good one, ROFL bet that brought the house down, and if they did it really would bring the house down
Q EEEEEEEEEEEEEEEEE
Hopefully... I get laid Tonight...
A 2 minute disertation on how the Fed and people like Dudley who work for them...
When the old shit barometer rises... Shit winds are a comin!!!
"what's a shit wind ricky?"
Wind coming from the fan shit has hit.
Scenario #1.
If the market is already trending a certain direction, right at the beginning of the 'Silly Season', do you really think...?
Scenario #2.
Protect the $USD at all cost.
Wildcards:
- What bloody difference does .25 make anyway...?
- Other nations have jumped the devaluation train, you got the 'cover' you need, so why worry about it? Hell, announce QE-4 if necessary...
If they raise rates, they cannot hide the depression anymore.
That's good news for Trump.
I say they don't raise rates, but play with the language.
It's all political now, as lonf as Trump runs.
You don't realize how much of a game changer Trump is.
The rest of the system will not play with Trump, just watch.
Too bad Trump doesn't own any media outlets.
It would have helped.
OT but related:
Orthodox Church Calls for Alternative Financial System in Russia
Dudley "Hopefully I've died before we have to fix anything".
That's the most punchable face I've seen in awhile.
Well at least we can look forward to things getting really shitty before the war starts.
That kind of suffering will create FANTASTIC BUSINESS OPPORTUNITIES!
Come to my seminar!!!
Life during wartime
"This ain't no party"
"This ain't no disco"
"This ain't no foolin' around".
YOU are a scumbag.
How can you say that you are a free people when you have a central bank who decides who gets how much money when?
You cannot be a sovereign (freely self-governing) people when you cannot decide what money is and who gets it.
You cannot be a democracy when the government you elect doesn't control the issuance of money and gets its orders from the bankers, to look after the bankers' interests first and foremost, with the people's needs being a mere nuisance to them.
Unless you have a national banking system whose sole purpose is to serve the financial needs of the citizens, you are not a free people who decide their fate.
That is, you're all fucking Americans, fucking Europeans, fucking Chinese, fucking Indians, and fucking Russians.
You're just a blue fuck in a wet dream in some hell your dreams got wasted on.
You're fucking nothing.
Now I have lost all hope!
Seems like you are not from this planet so let me be first to welcome you: Hello!
If the DJIA drops below 17K, then I believe that the remaining wheels fall of the "stock market" bus. A lower RMB/Yuan (pronounced "U-in) with a "stronger" dollar should make the trinkets less expensive. I see corporate profit margins increasing as a result regardless of what the mainstream tells us about currency conversions hurting corporate profits. As far as "lift off" on interest rates...I doubt it. Be sure to pocket that extra saving you are seeing from lower gas prices - sarc. Be aware that ObamaCareLess is going to rise by at least 10% for 2016; nothing like additional taxes to further kill a dead economy.
I need to take a speed reading course.
This is moving too fast for me.
Is Evelyn Woodhouse still kicking around?
Let me be clear, there is no Fed equity market put.
West NGO's being kicked out of Russia and China.
And it's about time.
Just "hope" is better than "hope and change". Give them credit for that.
Bull shit
Do we get Change with that?
Endless bluffing of the Market for a long time now.Makes you question who they serve and why.