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The Only Thing That Matters For The Rate-Hike Decision
A week ago, we noted Goldman Sachs' 'strawman' that Janet should "think about easing," despite the world's misplaced confidence that rates will rise "inevitably" since the US economy is doing so well. Today, we get to hear what 'god' thinks as the only thing that matters for The Fed's decision is - keep Lloyd happy - and Goldman CEO Blankfein just said "U.S. economic data doesn’t support the case for higher interest rates."
The Federal Reserve’s end of quantitative easing and higher taxes have acted as a brake on the economy and a form of tightening, Blankfein said Wednesday at a breakfast in New York sponsored by the Wall Street Journal.
U.S. economic data doesn’t support the case for higher interest rates, Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said.
Any decision to increase interest rates should be driven by economic data, he said.
Which is why one can, and should, ignore all Goldman forecasts about the economy.
What one should most certainly pay attention to, however, is what Goldman says the Fed will do - you know, for "risk management" purposes - because as we have shown countless times in the past, Goldman runs the Fed.
As such, forget a September rate hike. Or perhaps Yellen will listen too carefully to Hatzius and instead of a rate hike, shock absolutely everyone, and instead of a rate hike the Fed will join the ECB, SNB and Riksbank in the twilight zone of negative rates. That, or QE4.
And why not: after both the Swiss National Bank and the Chinese central bank crushed investors who thought the banks would never surprise them, why should the Fed not complete the 2015 trifecta of central bank turmoil?
After all, the money printers are already running on "faith" and credibility fumes. Might as well go out with a bang.
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Simply put - the only thing that matters for the rate-hike decision is - What Would Lloyd Do?
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Pleased to see the 'G' was in lower case ;) Doing Satans work Lloyd?
I forgive you!
If it's not a bubble, it won't pop. Hike it.
'Today we get to hear what god thinks'
Hahahahah that was the funniest snipe I have seen in a couple years here!
Lloyd is arguing in his own interest as do we all. However, the market has to normalize someday pal and it isn't like GS clients will be living hand to mouth - ever.
I am in no such position but am OK but I am eating the big shitty and we may as well get on with. Continued avoidance will only lead to further geopolitical risks of insane violence where ALL lose all wealth.
And after the big shitty the model will change. I can forgive all as a reformed sociopath but after what comes the next five years or so of intense pain you can bet your ass We the People, now the global citizen will enforce our collective will and the Central Bank model as structured will end and currency will be public utiility as they belong.
Goldman owns the Fed. No rate hike.
Blankfein wants his second billion.
His billion very likely will not be a billion if the equities prop is removed.
He's banking fiat bubble proppage not value trade.
Goldman was dead in 2008/2009 without Paulson's intervention, without being 'made' a 'bank holding company', witout suspension of M2M, without the AIG conduit, without the big prop -and I doubt anything has materially changed under the hood..
Lloyd Blankfein may be the biggest welfare queen in all of US history: he would be a mid-level nobody at some small shop without the big prop; like Corzine was until he screwed the pooch playing TBTF with old farmer's deposits.
Throxx - Correct. Born into a different family he would be a Bagel shop owner. Buying off government doesn't take genius talent. A true capatalist innovator he is not, just a grifter in reality. Becoming a better crook does not evolve a person toward ultimate satisfation.
I know first hand sad to admit but people who know my minor grifting told me what I was doing wasnt illegal so it was Ok. Besides its a jungle out there blah blah blah justifications...
Dont think I am some perfect saint either just because I try for others behalf now insted of just my own interests. Trying to me is good enough a marker to make judgement on who I associate with and how to manage risks.
Remember GoldSack always gives headfakes on the big moves and tries to keep you guessing with being right on the smaller ones.......this is way too big a move to not be a headfake this time. They are lining up for another pound of flesh when the market jumps as a result.
......or GS has already frontrun the Fed and is now lining up the muppets. We all know they've never done that before.
obligitory /s
Since there is no down side to excessive printing, I propose that taxes be abolished and instead keep the printers working for a few more minutes.
It's for the children
The Purge is starting to sound like a workable concept.
where's uncle Joe when you need him
hang the bankers
What would Gartman do?
Dont tell that to Obama..he thinks he has been parting the seas the last 7 years...he is the God...the King...his economy is booming...he thinks
"U.S. economic data doesn’t support the case for higher interest rates."
Actually this is true...
Carbon - Yeah but my argument is that the band-aid is half way off already. Rip that blood soaked sucker off already.
PLEASE HANG THIS BASTARD IN A PUBLIC EXECUTION.
IM SURE MANY PEOPLE WOULD PAY TO WATCH THIS ASSHOLE SUFFER
The Supreme Overlord has spoken little-people.
$200, dead or alive.
rat kike decision
And if the rat kikes have come to the conclusion that there are way too many people with that sentiment and have decided that doing you first is in their interest?
Well it took 1500 years to totally convince them and another 100 for them to get in a position to carry out their plan.
Just deserts for all involved I'd say.
Can Lloyd explain why the economy and the average person are doing so bad while the crooked banks have never been more profitable? And why he isn't giving back his billion...since it was made using zero rate money and printed FED dollars
You think Lloyd cares?
If Lloyd hit a child's puppy, he would get out of his car and pop the kid's balloon, and then grab the lollipop out of the kids mouth.
Instead of expressing sorrow, he'd say. "That's life kid, just doing god's work."
...because as we have shown countless times in the past, Goldman runs the Fed.
uh, noes it don't. teh fed is and should remain independent of outside influence. i read that somewhere. lulz lulz lulz
So ending QE is equivalent to tightening.
Which in translation means that QE is reality to the bankers. Not printing money out of thin air is abnormal.
Kill all kike rats in Jew York shitty.
My guess is that they have decided to kill you first.
Hate is the #1 tool of the NWO. Divide and conquer. And whether you know it or not they have enlisted you in their army. What? You don't know it? Better for them.
"US cenomic data relevant to my busness doesn't support..."
FIFY
My guess? Rate hike. It will collapse China faster.
I am now betting the RATE HIKE is 100% and it will be .10 not .25.
That's my final answer....
Fuck the FED. Isn't that man wanted in China and by the Caliphate for war crimes and financial terrorism.
WWIII the war to free the population of planet earth from banking and banking families.
The KRAKEN says "I dare you"...
ZH may be a Goldman tool, but Lloyd has no credibility and should stay out of it.
please do not confuse the fact that
with US economic data not supporting the case for a 19,900 DJIA.