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It Really Is As Simple As That
Six years after we first explained the only thing that matters for this "market", JPMorgan finally figured it out, and in doing so proudly joined the ranks of the "tinfoil hat, conspiracy theorists" unable to grasp the finer nuances of the Magic Money Tree theory.
Now, who else can't wait for the Fed's first rate hike in nearly a decade?
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And its all asset classes, too.
We are the Cleanest Dirty Diaper in the garbage can. ;-)
Looney
Bullshit. Jamie Dimon knew years ago too but he was too busy becoming a billionaire to mention it.
I find it hard to believe this graph is from JP Morgan. You'd think they'd be smart enough to put Operation Twist on that graph as well.
Watch the shiny object and pay no attention to the knife I have in my other hand...
Great. Now could someone please explain it to this guy... ultimate irony.
http://fodi.sydneyoperahouse.com/program/paul-krugman/
"And its all asset classes, too." A humorously not-understood point by the mainstream. QE artificially pumped the price of stocks AND bonds.
Enjoy . . .
"Unfortunately, overall it seems that QE had a much larger impact on bond and stock prices than on real economic activity. Government bond yields widened when the Fed was expanding its balance sheet while corporate spreads over bond yields narrowed. Stock prices were positively impacted by QE as well and have lost a lot of momentum since QE ended. Manufacturing surveys, in the US and globally, have been affected by QE but real economic indicators such as employment, small business intentions, and GDP have shown little relationship to changes in the Fed’s balance sheet level."
http://blog.gavekalcapital.com/what-qe-actually-impacted/
Except gold, of course.
(Yes, early QEs helped that too, but what has QE done for AU lately? Fund naked short sellers, that's what.)
MOAR!
Paging MR Bulltard...Mr Bulltard
right next to the word "market" you need one of those winking smiley faces ;-)
Shades of Assholononmics.
Really.
They just discovered the chart porn? Seriously?
"That's why they're richer than you"
a repost
Squidspeak, as referenced lightly above.
Deke in Canadian.
Headfake in Ebonia.
Jab/counter in detroitlandia.
Unrecoverable kick in the nuts in Chicagoland.
Swing and elbow in that basset game the brotha's play
https://www.ted.com/talks/apollo_robbins_the_art_of_misdirection?languag...
Brilliant analysis. I bet a lot of time, study and research went into that...
s/
H1B s are really making progress.
Rinse, repeat
L O fucking L
World Bank is joining IMF in calling for the Fed to delay lift off
Jamie Dimon said...'Oh alright... might as well tell 'em".
Rate hike. Then QE. Everyone is satisfied.
Rate hike AND moar QE, all at once.
Why not?
Are the banks who's interest The Federal Reserve represents at risk in the event that the markets crash? I'd really like to know the answer to that question, because if they are not at risk and can weather and/or benefit from a market crash, I would anticipate a rate hike and no QE. If they are at risk, then sure, a tiny rate hike for optics followed by QE4.
Risk has become one of those theoretical concepts like 0.
Square root of -1 is a concept.
Zero is not.
try some of these.
https://en.wikipedia.org/wiki/List_of_unsolved_problems_in_mathematics
Tsar, more QE certainly and a 10 bp hike in rates so the Fed can say we told you so
Until printing money stops working, money printing is what will be done. There is no turning this around now. We've long since crossed the Rubicon of unpayable debt, so money printing is the only salve that will temporarily ease the pain. Stop printing, pain quickly returns.
If you're gonna hit the wall someday, it doesn't matter if you default while owing $1 or $100,000,000,000,000, your goose is just as cooked either way.
Go big or go home I suppose.
That's what I think too and I would like to add that that is why the ultimate crisis here will be a currency crisis.
+1. If you are pumped full of painkillers, you won't feel the impact of the wall at 100 miles an hour.
That reminds me of a Princess Diana Joke................
Today was really a simple call, too. You could've seen this "sizzling" stawk rally coming from 10 miles away.
Markets. Heh.
Nothing like getting all the muppets to bet on supportive QE.
They knew it all along. The Morgue's only concern was keeping the casino open by convincing the sheep that the rally was real.
No QE = equities 'struggle'...?
Charitable way of putting it...
Here it is, a waist-high fastball served up to perfection, and MOOK!! strikes out looking? I feel gypped...
So let the equities tumble.
What will then happen is that the Bonds will follow, then the RE. Fire in FIRE.
And then commodity complex all built on leverage will become WC7.
What can the US do to avoid that spiral?
Spread asymmetric war accross the planet !
Dick Cheney now to tell the world how dangerous Iran deal is!
The FED needs to raise the rates. That will be an indication that those who had to take higher grounds have already done so. Probably one of the reasons why all the banks are demonstrating enlightenment.
pump it up.
Ya know, trying to determine the birth of Christ is a fool's errand looking at all available cosmology (charts), discounting Rev. 12 ..
https://youtu.be/O44nNzRa81Q
t-minus 3 days and counting ..
In the same manner, trying to determine global economic health via chart porn alone, sans all available geo-political intelligence ..
https://app.box.com/s/hfgvcqg7gqh7i27at6sv53ywu87lwarp (Start with 11 minute teaser. If you are not teased at that point, forget it. Your blue pill has been well digested.)
They cannot raise rates. (Rates are being effectively raised for them via market forces alone.) They cannot do QE4. No bonds to sell. Not enough buyers to buy literally hundreds of trillions. (mathematical impossibility) They have painted themselves into a corner. There is no way out. Only monetary reset. The FED is now irrelevant. They know that, but they lie to themselves.
The only solution here is the Wanta Plan. It has been presented time immemorial to the G20. At some point, they have no choice but to accept it. They will. Perhaps the real reason for the papal visit on the 23rd, is a personal and secret meeting at the FED to simply give them notice. A new paradigm is afoot. Let the ensuing theological debates and discussions begin ..
http://deltasix9r.blogspot.com/2008/03/peter-flemings-foreward.html
NOW you're allowed to sell.
They will cut by an infinitely small amount, say 0.05 %, and stocks will soar due to stealth QE full throttle. BAHAHAHA what a shyte show.
BUT BUT BUT,...
the stock market went UP TODAY.!!! 400PTS!!Happy happy JOY JOY, every body is DANCING in the streets.
and why not? EVERY thing is going to cost MOAR!!!
Copper is up, gold, silver, wheat, gasoline, PORK BELLIES!!
Folks can not contain themselves, it's all over the news...."Nothing better" was one comment, "the recession is OVER" from another optimistic salesman working for the media. It's all about higher prices, ISN'T THAT GREAT?? Just think, Friday when you see the clerk at the grocery store, the carnage to your wallet will be record setting like nothing ever before....! Let's celebrate, celebrate, dancing to the music.
today sure has the feel of the last big burst of air into the balloon before it goes POP!
Here are some more signs of a recession.
http://michaelekelley.com/2015/05/29/mergers-and-acquisitions-set-record...
http://michaelekelley.com/2015/02/20/fed-warns-of-two-bubbles/
http://michaelekelley.com/2015/02/24/would-you-pay-39-more-than-asked/
http://www.zerohedge.com/news/2015-07-27/when-will-we-ever-learn/
Here is how to respond.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Here is how to get your mind off this stuff.
http://michaelekelley.com/category/humor/
Good luck!
It is kind of shitty to go onto someone else's web site to promote yours. Like going into the local restaurant to hand out flyers for your restaurant. Bad manners!