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FOMC Minutes Leaked Early After Embargo Broken, Fed Warns Risk To GDP Forecast "Tilted To The Downside"
Seconds ago, someone accidentally (we hope) pulled a Janet Yellen as the following just came Bloomberg nearly 30 minutes before the official Minutes release time:
- *MOST FED OFFICIALS IN JULY SAW CONDITIONS FOR RATE RISE NEARING: BBG
And MarketNews promptly reacts:
- 13:42 08/19 FOMC MINUTES: SEPT SEP WONT INCLUDE GRAPH OF PREFER LIFTOFF YR
- 13:42 08/19 FOMC MINUTES: SEPT SEP WILL INCLUDE MEDIANS FOR ALL VARIABLES
- 13:42 08/19 FOMC MINUTES: REVIEW OF LONG RUN MON POL FRAMEWORK TO TAKE YRS
- 13:42 08/19 FOMC MINUTES: SOME PARTIC NOT YET SEEN EVID INFL MOVING TO 2%
- 13:42 08/19 FOMC MINUTES: SEVERAL PARTICIPANTS EXPRESS CONCERN ON CHINA
- 13:42 08/19 FOMC MINUTES: SOME LANG REFLECTS FURTHER PROGRESS TOWARDS GOAL
- 13:42 08/19 FOMC MINUTES: MANY PARTICIP SAW SCOPE FOR MORE LBR MKT GAINS
- 13:42 08/19 FOMC MINUTES: SOME PART SAID COND HAD BEEN MET, WLD BE SHORTLY
- 13:42 08/19 FOMC MINUTES: MOST PARTICIPANTS SAY COND NOT MET; APPROACHING
- 13:42 08/19 FOMC MINUTES: MEMB 'GENERALLY AGREED' MORE INFO NEEDED TO HIKE
- 13:42 08/19 FOMC MINUTES: ONE MEMBER INDICATED READY TO RAISE RATES IN JUL
- 13:42 08/19 FOMC MINUTES: NO TIP TOWARDS SEPT LIFTOFF, DOESN'T RULE IT OUT
Treasury Yields reacted dramatically:
And then, about 10 minutes later, the Fed finally released the full minutes. Here are some of the key excerpts.
First, on general financial conditions:
Financial conditions were affected by developments abroad over the intermeeting period but were little changed on balance. Federal Reserve communications and economic data releases, including the June employ-ment report and retail sales data, put some downward pressure on the path of expected future short-term in-terest rates. On net, 5-year and 10-year Treasury yields were somewhat lower, measures of inflation compensa-tion over the next 5 years based on Treasury Inflation-Protected Securities declined, equity prices were little changed, and the foreign exchange value of the dollar rose modestl
... On Greece:
Over the intermeeting period, market yields fluctuated in response to news about developments abroad, including Greek debt negotiations. After having widened amid concerns about the difficult negotiations between Greece and its creditors, Greek and other peripheral euro-area sovereign spreads nar-rowed, on net, over the intermeeting period as news emerged of progress toward an agreement.
... And China:
In China, stock prices fell substantially, prompting a number of policy
and regulatory actions by Chinese officials to sup-port the stock
market. While these developments at-tracted investor attention, reaction
in asset markets out-side Greece and China was limited on balance
... And Puerto Rico:
Credit conditions in municipal bond markets were stable over the intermeeting period. Despite the announce-ment that Puerto Rico might seek to restructure at least part of its debt, spreads on an index of 20-year general obligation municipal bonds over comparable-maturity Treasury securities changed little, and the pace of issu-ance of long-term municipal bonds remained robust.
... And the rest of the world:
Sovereign bond yields and monetary policy expectations in the United Kingdom changed little, on net, over the intermeeting period. By contrast, yields in Canada, New Zealand, Norway, and Sweden decreased following weaker-than-expected macroeconomic data releases and additional monetary policy accommodation. The for-eign exchange value of the U.S. dollar increased during the intermeeting period against the currencies of major U.S. trading partners. Stock markets in most advanced foreign economies ended the period higher. Equity prices in emerging market economies, however, gener-ally moved lower on net.
On inflation:
The staff’s forecast for inflation was revised down, particularly in the near term, as the decline in crude oil prices over the intermeeting period was expected to result in lower consumer energy prices. Although energy prices and non-oil import prices were expected to begin rising steadily next year, the staff continued to project that inflation would be below the Committee’s longer-run objective of 2 percent over 2016 and 2017. Inflation was anticipated to move up gradually to 2 percent there-after, with inflation expectations in the longer run as-sumed to be consistent with the Committee’s objective and slack in labor and product markets projected to have waned.
On employment and the economy:
The staff viewed the uncertainty around its July projec-tions for real GDP growth, the unemployment rate, and inflation as similar to the average of the past 20 years. The risks to the forecast for real GDP and inflation were seen as tilted to the downside, reflecting the staff’s as-sessment that neither monetary nor fiscal policy was well positioned to help the economy withstand substantial adverse shocks. At the same time, the staff viewed the risks around its outlook for the unemployment rate as roughly balanced.
...
Rreal GDP growth over the medium term was revised down a small amount, in part because of a slightly stronger forecast for the exchange value of the dollar. The staff also made two small adjustments to its supply-side assumptions. First, the projected rates of productivity gains and potential output growth over the medium term were trimmed. With actual and potential GDP growth both a bit weaker, the projected narrowing of the output gap over the medium term was little re-vised. Second, the staff lowered slightly its estimate of the longer-run natural rate of unemployment. The unemployment rate was expected to decline gradually to this revised estimate.
On consumer spending:
With respect to consumer spending, the incoming data had been uneven but participants cited reports from contacts suggesting a pickup since the first quarter. Participants generally expected consumer spending to rise moderately over the near term. Continued gains in employment and income, high household net worth, and low gasoline prices were viewed as factors that should support consumer spending in coming months. Consumer credit conditions were also seen as favorable, with business contacts pointing to steady loan growth, esp-cially for auto loans and credit cards. However, a couple of participants were concerned about the outlook for consumer spending, noting that spending had been disappointing in recent months even though real income had already been boosted by the lower gasoline prices and the improved labor market.
On housing:
Participants viewed the recent data on housing starts and permits as well as the higher levels of sales and prices as indicative of continued recovery in the housing sector. The easing of lending standards for residential mort-gages evidenced in the most recent SLOOS was cited as a factor likely to support further progress. However, a couple of participants noted that they did not expect this sector to be a major contributor to economic growth over the remainder of the year
On capex:
Business fixed investment remained soft even as the drag from the sharp contraction in drilling rigs over the first half of this year appeared to be fading. Although investment spending was expected to pick up over the second half of this year, a few participants were concerned that the further decline in oil prices that had occurred in recent weeks might continue to hold down energy-related investment. In addition, government spending was ex-pected to add very little to growth in aggregate spending this year. Participants also expected net exports to con-tinue to subtract from GDP growth over the second half of the year, reflecting in part the damping influence of the dollar’s earlier appreciation
And on the general market:
On balance, broad U.S. equity price indexes were little changed over the intermeeting period. Option-implied volatility on the S&P 500 index over the next month in-creased for a time in response to foreign developments before falling back to the lower end of its range over re-cent years. Based on reports from about 40 percent of firms in the S&P 500 index, earnings per share in the second quarter were about unchanged or slightly higher than their first-quarter levels. Spreads on 10-year triple-B-rated and speculative-grade corporate bonds over comparable-maturity Treasury securities widened some-what over the period.
But the punchline which the market appears focused on:
The risks to the forecast for real GDP and inflation were seen as tilted to the downside
* * *
In summary what rate hike? The countdown to QE4 has begun.
* * *
Full Minutes below:
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i have no idea what zh is talking about concerning treasurys these days. time stamp 9:12 a.m. today, headline reads:
"Low" Inflation Print Sparks Panic-Selling In Treasuries
from that very moment rates dropped 6 bps. it's getting comical.
The next "Leak" occurs about 1:59:45 pm on Sept 17th. The algos will go full retart selling just before the 2 pm statement saying interest rates are going up. The 1% that are privy to this inside information will make millions in those 15 seconds.
You mean the rate hike that was supposed to happen in the fall of 2010 isn't going to happen? Huh. Totally caught me off guard - but not really.
ZIRP4EVA, or until the "realignment", where commods jump after systematically prepared to do so over the last few quarters.
Folks...There is SOME hope......Nigerian President fired a Goldman Sucks guy and became a personal hero.
Now we just have Canada, UK, USA, Italy........and thousands more left.
Let them hear the roar!
Do vote!
Nigeria’s President Fires Ex-Goldman Head of State Bad BankOh by the way: leak my ass! They are doing this as damage control so the stock and bond "markets" won't crash efter their announcement in September. But the stock and bond "markets" will do so anyway.
Bond market is priced in, seasonally adjusted, with cash on the sidelines.
If you're confused, don't be. Just go to Walmart.
Raise rates to 10% already. Put some power back into the hands of the people that actually need to use the $USD.
OMG THEY'RE NOT GOING TO RAISE RATES?! BTFD ALREADY!
:)
Shoulda BTFD 3 hours ago!
yeah, can't say i've ever seen the DOW reverse like that.
To The MOON!
We will all be rich with paper, and poor in physicality...
Hold your breath! No, no, breathe! No, no, hold your breath! No, no, breathe! Ah crap. I don't know what to tell you.
DJIA swinging like a leaf in a tempest today....
In ZeroBrain fantasy land, the dollar is going to die at the exact same moment that a massive EMP happens over all industrialized nations all at once. Unfortunately, nobody who survives knows anything about building a dam or sees any point in setting up a power grid. Oh, and everyone who knew how to build PCB boards or ASICs is also dead. But that's okay that pesky technology stuff didn't make it... because the ZB crew is set up with their Bushmaster AR15, eating squirrel covered in Alex Jones nascient iodine!
What a bunch of F'n gooftards....
BTFD in silver yesterday. Yahoo!
FOMC...what a joke.
How about, the PRE-FOMC PRIVATE discussions where the FOMC members whisper to each other...
x: "okay, let's go in there, and talk as if we are actually considering a rate hike"
y: "great, just like last time them"
x: "exactly"
y: "yellin still on board"
x: "of course....she'd have our heads if we ever said mentioned our true sentiments in the official meeting:
y: "got it"
x: "you know, there's no way in hell we're ever going to be able to raise rates"
y: "I know, but can you imagine what would happen if anyone knew that"
x: "oh yah, all hell would break loose. How long do you think we're going to be able to keep this up though...it's crazy"
y: "long enough for me to retire and spend the rest of my days sipping mai tai's on some tropical island along way from this shit hole"
x: "I'm right behind you!!"
Me thunk that the true term is:
"Dying on the vine"
The bond market is more dangerous than the stock market in 2000 or realestate in '07. Tick Tock.
I like a lot of what you have to say, but is it possible for you to comment without always pimping your blog? You're almost as bad as the guy whose mother-in-law works from home and makes $4378554.43 per week.
And there gold goes back over 1130. But I don't see it rising any more than 1140-1180. Time to go 3xETF Bear on the stock markets.
Please tell me what she did that warrants a vicotry lap - lying?!
http://www.cnbc.com/2015/08/19/janet-yellen-please-take-your-victory-lap...
The gold and silver smash algos weren't ready...not fair!!
I don't see the early news but that it was scheduled at 1:42 per bloomberg
http://screencast.com/t/fQCCLp3v
click bait i think. same with FX and/or metals. 1% drop/rally and head lines scream mayhem. stopped reading them al together
The FED and thier followers are playing a deadly fucking game.
Leaked my ass.
My ass leaked.
Reggie?
Was Janet sitting too long on a stool?
Accidentally, groovy and all that, since Bloomberg has no reason to cheat.....
Embargo suggests that the info wasn't supposed to leak. So we should hold our collective breath until someone is held responsible.
Lot's of "almost there" so no rate hike, and its a trap.
Speaking of 'trap', where is General Ackbar...?
It's Admiral, actually...
https://www.youtube.com/watch?v=vYyx3CBSO_0
Raise rates you morons!!!!
i prefer "die bitchez" myself
These fucking idiots are going to get us all killed.
We're already dead.
That explains a lot.
The last FED rate hike was in June 2006.
^^^this, rate hikes? sure any second, hour, day, year, decade, century now...
Even if it happened, few basis points is pretty much nothing.
When it takes an army of liars to prop something up, it only takes one of them to walk out from under the load and the entire shebang comes down.
And just look at all the prosperity it has brought to 0.01% of the population.
Yeah, the HFT killers are having a holocaust day.
MOAR INFORMATION!
what strikes me most about that, kids in school when they were 15/16/17 in 2006 and are now sitting in the prime of their lives on the various trading desks at mid-20's, have no clue at all what a rate hike is (expect from the history books....) - getting old, true, but insane nonetheless
So in other words, more bullshit to confuse the robots as nothing conclusive can be drawn from that mess.
the robots btfd. they are steadfast.
HAL Unplugged... Coming to a music store near you.
The Fed that cried Hike for 6 years, WTF!.... Yeah, its coming just you wait and see.
that Lucy is one heckuva football player. lulz [/peanuts]
Does this means its time for an Rally?..... Bitchez, all your rate hike expectations are getting tested and retested and shit.
More talking out of both sides of their collective mouth. How long has this been going on?
see above, 2006.
How long will it continue? The beatings must continue until morale improves.
More like, morale must continue while the beatings improve. And, they are. I'm impressed.
The fed can equivocate for longer than you can stay solvent.
Next up?:
FOMC MINUTES: ALTHOUGH MOST OF FED MEMBERS AGREED ON A RATE HIKE DUE TO RECENT WEAKNESS IN THE MARKET WILL WAIT TILL DECEMBER
I hear they're going to do a stint on Comedy Central since Stewart has retired.
http://www.nanex.net/NxResearch/ResearchPage/4/?page=2
Nanex ~ 20-Sep-2013 ~ Einstein and The Great Fed Robbery
http://www.nanex.net/aqck2/4436.html
The speed of light, if only everyone was that fast...
well, if you have a really long cable and a very short one, and claim they are the same.... Somehow one will be faster. One can also postulate that that delays can be caused by many other factors in the nanosecond/microsecond world. Materials etc...if you know what i mean.
http://www.zerohedge.com/news/its-official-hft-breaks-speed-light-barrie...
GO NANEX!
Why do you think that many physicists works for the banking industry...
Vertical ramp into the close like clockwork
Bank stocks already priced in the whole tightening cycle, If they don't sell off we get MOAR QE before any rate hikes. LEAK on that.
I think its the Chinese buying..why just buy thier own junk..when you can buy our better junk..afterall..when they steal enough of their own money..they will buy a house here and move theri family here
Sell all dollars buy something else which just collapsed.
They KNEW about China see. Minutes were made today and yesterday. No one knew anything about China until the deval.
$Credibility is all that is left - and actually all that ever mattered. The question is: To what global entities and to what extent, does Federal Reserve monetary policy and credibilty, 'matter' and what strategic and/or tactical moves are they planning in response?
these fuckers are not only clueless.... they think we the minows believe their lies...
the only reason they would raise rates is to be "politically correct"...
and we all know how well that crap has gone....
fuck these shitheads
Bullshit, they know exactly what they are doing and exactly who it benefits.
Stupid goy.
So just like every analyst not on MSM says. There will never be a rate hike and they will be printing even more than the stealth printing that is going on now.
They just tossed the high hard one to China with the SDR snub, so what's the next move to ensure their expected response is muted or rendered impotent...? .25?
Market will be green by the close. 200 day will never be broken. EVER
They cannot hide the depression if they raise rates.
It would be political suicide for the career shits in DC.
They will not raise rates.
You can try and fool everyone, but you really can't fool your own subconscious.
Unfortunately for all the central bankers and bankers when they finally lie on there death beds and look back at there legacy and the decades they spent fucking over the world those last minutes of anguish will be something else.
For those who's subconscious hits before that time, it will probably be too much for then to take.
Even if your the biggest psychopathic, sociopathic person in the world, all these actions build on the subconscious, it's unavoidable.
Just leaked from Fed wire: RATE HIKE IS:
ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF- ON - OFF -ON - OFF-
Did anyone really believe that Fed would hike rates regardless of what is going on around the globe? Pffft...it's a mathematical impossiblility!
Just buy some PM. At least you'll have something of value to hold on to as this comedy slowly falls completely apart.
And the babbling maestro discloses the plan...
http://www.marketwatch.com/story/greenspan-warns-about-bond-market-bubble-2015-08-19
Leak was funny...that is so payed for by some HFT....wait until next month..there will be three leaks...as all the players will be in the game that day....someone wanted a head start today when everyone else was getting a cup of coffee....it just takes a few milliseconds to win this game of millions..and a $50,000 payoff to some one can do it....rigged markets is all we have...at least China is telling you they are the ones buying....or cheating..
Lol good that I was already trading, damn those frontrunners. Move was 20min earlier to be precise. +40 pips and FY FED & GS.
2nd fucking time in the last 2 weeks where a 200 plus down day was totally wiped away.
notrigged!!!
If I may advice you, setup TP at reasonable RR. Dont try to play long term "trend" but rather take profit when you can, its not worth to let it all go to waste. I cannot count how many times i let 130-220pips be wiped out.
Master Blaster: Lift embargo
Gez...we're going to close green. There goes another batch of popcorn I have to throw away. That makes about 1056 batches since 2009.
Why is no one talking about the fact that, given that the heart of the next financial crisis will be loss of confidence in fiat itself, the mighty US will actually not be able to pay any of it's various gun-toting forces? So many people posting comments lay out these terrifying scenarios about what will happen if people resist, but they never explain why all these soldiers are going to follow these orders when they aren't getting paid and their families are somewhere lost in the chaos.
They'll be paid in gold coins minted from the bullion in Fort Knox? I doubt that because they won't even let anybody see what's in there, and if it isn't completely empty I'm sure all that's there is a fraction of just what's owed to Germany, or whatever is there has so many claims against it that it's still the same situation. And if they tried to take it anyway, that's just inviting a rain of nuclear warheads down on our heads even from our friends, who most certainly won't be our friends anymore after we take their gold.
With no pay, I just don't see the soldiers and security forces taking orders to massacre US citizens from Obama, Hilary Clinton, John Boehner or Jamie Dimon, for that matter. No pay calls for Caesar at Alesia -type leadership, and you're not ever going to get that from the Gucci loafer-wearing I-95 corridor elite, whose contempt for the proles is now barely concealed.
It seems the folks running the show have a huge gap in their plans, and I think when this thing finally comes crashing down the outcome will be a surprise to EVERYONE.
They're just sociopaths with no ability to learn from past experiences and no discipline or character to think long term. People need to stop thinking they have this whole thing sewn up.
The drones and robot army don't need no stinkin pay.
I agree with you Ceo.. The fed chairmen I forgot his name but admitted to Ron Paul ( determination by MR.PAUL and his drilling of Q/A) that the fed does not have any gold left in the reserves on capital hill.. I am sure you could find the you tube video, if they have not removed it? Bottom line the DOLLAR is the only currency keeping this FIAT system going.. WAR fixes the mess created by the fed!! Germany has asked for it's gold back and the USSA responded you will get your gold back but it will take 20 years or so/ small amounts expedited during the duration of time? !!? It's in Rockefeller and Rothschild's mansions buried deep underground with K9 and armed solders 24/7..
QE 4 BITCHEZ!
Quote: "BITCHEZ"; so old and wore out; try another blog or read Mr. Websters book; it was called a dictionary and has some really "big" words you can use. I'm just playing around; you have every right to talk how you want until some judge issues an order to have our tongues cut out.
Next time they have to leak, use the freaking can. The place must reek of urine by now with all the leaking going on.
Let's just get right down to it, shall we.
Credibility and the Fed do not belong in the same sentence. Let alone the same room, nor planet.
They are a CRIMINAL organization designed to fleece the American public. Period. End of discussion.
They should be immediately disbanded and its members jailed and or executed for counterfeiting.
Who is going to do it; the disbandment that is? Until we have hit rock bottom or the D.C. "Monster" has nothing but its own tail to chew; it is going to grow worse because we are a nation of very immoral people who believe they are moral with no standard to measure it by. We are not teaching our children and grand-children any real moral virtues because we do not lead"do as I say, not as I do" or "I'm the parent and your the child".
-------
Therefore the measurement is the person or group that is not as bad as "they are" and "they are" say were not as bad as "those over there" & "those over there" proclaim we are not as bad "that group of nuts" and on it goes until the moral standard becomes the politician and banker, the murderers and financial rapist of the elderly and children and all those in between. Sadly; we are WAY PAST the "POINT OF NO RETURN"; if for no other reason we no longer know from where we came; only where we are headed.
The risks to the forecast for real GDP and inflation were seen as tilted to the downside
If the risk to the forecast is tiltled to the downside, doesn't that mean the risk is lower? ...no wonder everything is so fucked up, these people can't even speak english.
I can't read anything about the FED anymore, whereas a .25% rate increase is somehow a death nail....The pundits call Trump a clown....yet the same pundits don't call the FED a clown circus? Since pundits see the FED/Wall Street as genius and see Hillary as a serious candidate then I'll take the clown Trump any day...Go Trump! Where's John Corzine?
The pundits are the circus "side-show" and the political candidates are in the stands selling popcorn and peanuts and picking the pockets of the spectators.
Summary: Blah, blah, blah - puke! Expect more taxes, fees and one medical crisis away from bankruptcy...more of the same; only worse.
Oh and btw, I blame jews for the incident ;). To be specific, certain innocent jewish bank + another innocent jewish central bank. Guess that make me anti-blabla.
But but but but but but but but but but.
"...ONE MEMBER INDICATED READY TO RAISE RATES IN JUL" >> wut??! I thought its august already.. oh wait..
July 2112.
They will NEVER raise rates.
They will raise rates when they decide to end the party or find a new "tool of corruption" to offset the carnage that would occur to themselves if they raised rates. Time will tell; how much time is the trillion dollar question. I believe the disruptions in China have bought them some more time; again "we shall see".
I really don't give a flying fuck what the FED does. This is like watching the Greek circus all over again. Just a different set of clowns in a different car.
FED credibility along with Hilsenrath mouthpiece is symbolic of a fucking little kid in a D9 cat fucking around with the controls - feet can't reach the peddles - doesn't have a fucking clue how to operate it - making blade slam up and down - and essentially fucking wrecking everythng in its path.
I think what is worse (if that's possible), is that fucking arrogant statist attitude that Janet has "knows better than any" that after 7 fucking years the effects of ZIRP not working but that how dare you question our authority over all matters economic - when it is clear that the FED is fukcing clueless about the price effect machinations they continue to flog - will actually work out.
Fuck off. Seriously.
Am I the only one, after listening to that arrogance and over the top nasaly fucked up New England/Jersey/Coney Island/ something (no offense to such great folks) - that you just want to slap her silly?
probably.
Actually, the FED, like Obama, are doing exactly what they intended to do and doing it very well; dismantle the middle-class and enrich the asset wealthy (Friends Inc.) via debt enslavement and cultural division.
it is setting up to be climactic. Q4 first or rate hike first. nice commentary ZH. Logic suggests that rate hike is not possilbe. Only FED knows how to do that ... they very well know that... is that what they have been hatching for almost about a decade?
The Federal Reserve said it was going to stop printing money, and claimed that QE was at an end. But they kept it right on going through Belgium and who knows where else. So QE never stopped, and that lie was never broadly exposed to the public.
Then they claimed it was time to raise interest rates, in order to conform to their "narrative" (lie) about a recovery. Can they create a situation with interest rates like they did with QE, where they say one thing and do another? It seems more difficult to do a head fake with interest rates, but its possible they will go ahead with their miniscule quarter point hike.
After all, they have all their friends in the so-called finance industry to cover for them. The big players there will undoubtedly have backroom deals that we will never know about, which will stem the avalanche that should naturally result from money printing + interest rate hikes.
They have been able to maintain the facade for a long time. The Stock Market will never crash because every time it does, they break it and roll back the clocks. The money printing can continue forever because it all rests in the hands of a few big finance companies, and the people can be forced to accept a degraded lifestyle as inflation slowly eats away at their standard of living. Their system will finish hollowing out and nothing will be left.
But things this big rarely work out the way the schemers want.
I predict they will enact QE4 AND raise rates.
You have assumed that QE has stopped; it is ongoing using back-doors as you will see when the FED balance sheet will add another trillion YoY. If it doesn't, then the books have been burned. Just like Building 7, which housed the FBI, SEC and IRS among other agencies whose records were transported to that building prior to having "Falling Envy".
Raise the base rate? Erm, nope, dont think so bitchez.
The un-payable interest, on the already un-payable debt couldnt be paid could it, but dont get me wrong mind, these fucking maniacs know exactly what they be doing, and if that means sending the interest rate 5% negative to save their fucking parasitic lifestyles at your expense, they will do just that.
These utter cunts that molest children and live on your collective backs will not be happy till they own the world in 'Fee Simple'.
And if that means ruining us all, before you lot do something about it, they damn fucking well will.
Wont they...
Paedophilic fucking cuntish monsters they may be, intentional they are. Remember that, cos' as night follows day, they do.
Cunts
;-)
hohoho
Look at that DOW, popped up high then immediately took a shit..
Too much ;)
This is fairly simple. They cannot raise rates without bursting the bond bubble. That in itself is a moral imperative. There will be no QE4. Why would they do this? To think they can get away with it, when VP Williamson of the St. Louis branch has already admitted that QE1, QE2, and QE3, amounting to a total of 4.5 TRILLION was a complete failure. 4.5 TRILLION completely wasted ..
http://www.cnbc.com/2015/08/18/st-louis-fed-official-no-evidence-qe-boos...
Now, what is more interesting, is that that 4.5 T reported by the end of 2014, just happens to equal Lee Wanta's settlement:
http://eagleonetowanta.com/wp-content/uploads/2015/04/US_Treasury_Federa... (and yes, what about those "lawyer's fees" imposed by same court?)
So, no rate hike, no QE4. The private corporation, the Federal Reserve Bank, (about as "federal" as Federal Express) has painted itself into a corner. It must concede defeat, and declare total default. Let the dominoes fall. Let the chips show their face value, and let the market and We The People decide the rest ..
A plan for the future, that is still viable. But, we have a lot of explainin to do to the PRC (China), Russia, Iran, Syria, and the Ukraine (not to mention Yemen) ..
http://wantarevelations.com/2014/01/wanta-plan-macro-financial-economic-...
http://eagleonetowanta.com/
Damn looks like the market just shot it's wad and we missed the money shot. Quick get that fluffer out here and get that fucking market up.
On a long enough time frame, a rate increase is insignificant.
All those drawn out words. The lunacy without explaination is the massive difficulty of trying to get from 0% to .25%
They have to "leak" the minutes early to everyone now,because they just got busted leaking everything to Goldman Sachs 2 weeks ago..
Their game of kick the can will run out of road soon. Every investor in these zombie corporations is getting more and more leveraged. At some point they will have to show real gains and then poof!
I don't know about you, but I'm starting to think I'm the can that's being continually kicked!
Why are you guys so pissed off? I don't understand... I mean, what did you expect from a private monopoly that preys upon the people of the United States for the sole benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and for their cadre of rich and predatory money lenders?
Peter Schiff has had this always right: no rate increase, stock market dump and QE4 to the resque. Gold, silver and PM's stock back to their secular bull market. That's it folks! It is up to you to be on the train or to watch it leave the station.
The Germans ‘leaked’ the Grecian plan several times. The leaked German plan hasn’t been implemented.
AS a Forex trader I wish they could have a meeting like FOMC EVERYDAY.. Brings volatility to the market!! FAKE IT To YOU CAN TAKE IT ANYMORE... MS YELLEN just call me.....lol I truly don't see a interest rate raise in sight.. Just my opinion...
Sort of like the Titanic was tilted to the side after hitting that big icecube?? LOL
Quote: "Option-implied volatility on the S&P 500 index over the next month in-creased for a time in response to foreign developments before falling back to the lower end of its range over re-cent years." - The NY Fed has that under control, which is why only 1 in 20 net profit from the VXX (VIX ETF).
http://www.zerohedge.com/search/apachesolr_search/