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EURUSD Dumps To 1.1200 After Bullard's Hawkishness
It appears Jim Bullard's words (since his deeds are of no use as he is not a voter) were just enough to reassure the world that Yellen was "just kidding" about the whole global growth worries and market turmoil and is quiote ready to raise rates as soon as possible (even if FF futures say "nein"). EURUSD is now down over 250 pips since Friday highs, battered back near a 1.1100 handle...
- *BULLARD SAYS IT'S TIME TO GET OFF EMERGENCY FED POLICY SETTINGS
- *BULLARD SAYS DECISION TO HOLD RATES LAST WEEK WAS CLOSE CALL
- *BULLARD SAYS THERE'S A CHANCE OF OCTOBER RATE RISE BY FED
Charts: Bloomberg
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Real goal is to probably prop up USDJPN
It's deja vu all over again
Can you imagine if Fed comments were a function of US GDP? We'd have quarterly growth of 45%.
This new economy thing is really productive. Forget speculating on housing, fake line-ups for condos, or fake line-ups to buy a personal surveillance iDevice.... we got Fed talking 'bout doing the opposite of what they practice.
Man this economy is great.
Now if I could just get a larger line of credit.....
The Fed is starting to sound like the EU.
BULLARD SAYS THERE'S A CHANCE OF OCTOBER RATE RISE BY FED
The balls on these mother fuckers... Someone analogized Charlie Brown V Lucy and the football. Lucy has nothing on the mind fucking game. The FED IS the game LOL!
IT'S TO LATE YOU BASTARDS! JUST BECAUSE THE MARKET DIDN'T DO EXACTLY WHAT YOU WANTED IT TO DO (or did it???) WE ALL ACCEPT THE TRUTH ZIRP FOREVER. NOW YOU ASSHOLES HAVE TO ACCEPT THAT DEFLATION IS AT HAND.
tick-tock, tick-tock...
I wouldn't be surprised if the BEA eventually incorporates Fed comments into GDP.
If that's the case Bulltard, why didn't they just do it last week? Who believes this shit anymore? They are not going to raise rates. This guy has no say anyway. I'm at a loss, oviously the traders are complicit in this scam of scams and must be dealt with.
Its all a game and Bullard is playing it.
FTF...ETF...
Just in time for Oktoberfest! C'mon parity!
This is really turning into quite a theatre act.
Roll out the BULLARD!
And his "Hawkishness"!!!
LOL....Monday Humor Tyler?
These fucktards just can not close their stinking pie holes for one lousy day.
To my dearest serial junker: Who loves ya babe?
Serial junkers hate us for our freedoms. They see they can never be "exceptional" people like us.
Not September? October for sure... or maybe.... December... or.... what's that Mr Blankfein? June? ... ok... June for sure!
Leave ZIRP ??!!
9 to fuckng 1.
That's why they put the word "close" in quotes. Close-ish, close-like, closiness- stop me when you see something you like.
October rate rise possible. Like anything meaningful changes from last week till a few weeks into October.
FED's not supposed to be a market maker.
I think this Goy just broke the law.
If I come up with this kind of bullshit at my work I'll be fired and someone would make sure my career is over and I end up living under a bridge. And look at these clowns!
Can anyone clarify for me how low interest rates and QE created this stock bubble yet failure to raise on Thursday caused the market to tank and hawkish comments are now causing it to rise? I understand that there is economic commentary built into those last two events, but it all seems backwards.
Bueller?
Markets just move on words. Never fundamentals. Broken markets, what a joke they are.
No. Don't try to interpret any of the market moves anywhere. The central banks killed all the market feedback signals. What you see are spasms. These are the final uncoordinated convulsions of a system dying of strangulation. There is no deeper meaning, just the panic of everyone realizing the dead end.
No more rate hike clown show-b.s anymore- I am no longer going to read one more story about a potential rate hike. DGAF.
So you're saying there's a chance, right?
(I'm not really sure whether it's right to view FOMC voting members as comedians. Kind of feels good though.)
I'm a sick of this Good cop. Bad cop Routine. Just speaking off their script. Time to take out ALL the cops in this shit show. And everyone participating in it as well is just as Guilty.
Time For Bullard to be offered an executive position with Goldman Sachs or Virtu. We need great leaders in business to maintain the awesome growth and momentum created by this exceptional economy.
Who is even listening to this guy, anymore?
"BULLARD SAYS DECISION TO HOLD RATES LAST WEEK WAS CLOSE CALL"
One dissenting vote was a close call?
This is the guy who caused the stock market to jump, after it tanked into October 2014, by saying QE should not end, then turned around and said otherwise when Japan picked up the QE mantle.
To me, he has no credibility. So what game is he playing this time?
"BULLARD SAYS THERE'S A CHANCE OF OCTOBER RATE RISE BY FED"
"You could turn each $5,000 into $20,000 by buying this penny stock".
It almost invariably results in turning $5,000 into $1,000. "There is a chance", is empty words.