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Charting The Death Of Fed Credibility

Tyler Durden's picture




 

Most Fed officials still expect a first rate increase this year, Yellen says, noting that "13 out of the 17 are looking for a move in 2015." The market disagrees...

 

The odds of a December rate-hike have never been lower!!!

 

Fed Cred is Dead!!

 

Source: Bloomberg

 

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Tue, 09/22/2015 - 12:36 | 6579671 Clockwork Orange
Clockwork Orange's picture

Now if the members will just follow suit ...

Tue, 09/22/2015 - 12:50 | 6579754 NotApplicable
NotApplicable's picture

Sure they'll hike.

Probably -0.25%

After all, who doesn't love NIRP?

Tue, 09/22/2015 - 13:01 | 6579837 two hoots
two hoots's picture

Yellen is building the case to share the blame.....if need be... and .....it will need be.

Tue, 09/22/2015 - 12:37 | 6579679 Truther
Truther's picture

Totally incompetent Fed has ruined what credibility this country ever had. Welcome to the hell hole.

Tue, 09/22/2015 - 12:59 | 6579825 cougar_w
cougar_w's picture

The Fed is not incompetent: the Fed is the financial world's "bad bank". The US is the only one can absorb all the world's losses, and the Fed has been soaking them up since 2008. They've been priming the pump for a long time, will drag it out a while longer, and then they'll pull the trigger blow up the European banks BK China kill The Fed create a new US CB from the ashes (and a new currency, or go digital) and start over as the only CB left standing. Pretty much how it worked out at the end of WW2.

Somehow during the chaos Goldman Sachs will end up owning everything on the planet.

It reads like fiction, doesn't it? Don't count on it remaining fiction for long.

Tue, 09/22/2015 - 12:37 | 6579682 arbwhore
arbwhore's picture

December yes but which year?

Tue, 09/22/2015 - 12:44 | 6579715 Dr. Engali
Dr. Engali's picture

2152

Tue, 09/22/2015 - 12:38 | 6579688 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

This side show is so sad and pathetic. I'm embarrassed for the "investors" and anyone who follows this trend or tells themselves it's real. 

Tue, 09/22/2015 - 12:51 | 6579758 Tall Tom
Tall Tom's picture

Lose your sadness and laugh...a lot.

 

It is a tragic COMEDY. But it is COMEDY and something that you need to be laughing about. Screw the sadness and lose the anger.

 

(I know that it is hard to lose that anger. But I have been working on it. You have much better things to do to prepare for the inevitable. Besides you are "heads up" on most of them. You will thrive POST Collapse.)

Tue, 09/22/2015 - 12:40 | 6579689 Dr. Engali
Dr. Engali's picture

Rate hike... that term makes me laugh. It's almost as funny as "markets" or midget tossing or farts.

Tue, 09/22/2015 - 12:46 | 6579724 Depression is Coming
Depression is Coming's picture

Midgets tossing farts at the markets...could be a great idea for hedge fund strategy

Tue, 09/22/2015 - 12:53 | 6579779 Tall Tom
Tall Tom's picture

We need a video of Yellen. Everytime she opens here mouth the sound of a fart is heard..That little shrew midget is talking out of her ass after all.

Tue, 09/22/2015 - 13:11 | 6579904 NihilistZero
NihilistZero's picture

Better would be something similar to the South Park episode where Stan hears nothing but "shit" from everyone and everything.  If I had time I'd make a YouTube mashup.  It's quite apropos...

Tue, 09/22/2015 - 13:36 | 6580079 Dr. Engali
Dr. Engali's picture

That was a good episode. But, the again, they all are.

Tue, 09/22/2015 - 12:39 | 6579692 BlueStreet
BlueStreet's picture

The window is slammed, nailed and painted shut. Look out 1400, here we come. 

Tue, 09/22/2015 - 13:35 | 6580033 Dadburnitpa
Dadburnitpa's picture

That could be a pretty good call.  1402 is the ~50% retracement of this mess.  I do think we could do 1240 within a year or two if things really got going. 

Tue, 09/22/2015 - 14:21 | 6580339 BlueStreet
BlueStreet's picture

1240, trend line going back to the early 80's.  Could be a good call too.  

Tue, 09/22/2015 - 12:40 | 6579693 Sudden Debt
Sudden Debt's picture

They'll never raise it. They can't.

Next up, QE4.

The fact that it's still a discussion is actually the weird part.

 

Tue, 09/22/2015 - 12:52 | 6579774 NotApplicable
NotApplicable's picture

Remember, the only real tool they have is to manage expectations, so that the herd doesn't all collect on one side of the boat.

So.. it will be even weirder if they ever shutup about it.

Tue, 09/22/2015 - 13:03 | 6579846 cougar_w
cougar_w's picture

Yes exactly. It's the Captain on the Titanic telling everyone it's just a flesh wound, go back to the craps table.

When this ship does go down it will take most of human memory with it.

Think about that, and then think about what becomes of justice.

Tue, 09/22/2015 - 15:05 | 6580577 Rellorellin
Rellorellin's picture

How can we have QE4, when QE3 never ended.  Is the FED still purchasing MBS and Treasuries via interest on principal?  Expanding the FED's balance sheet via QE4 will be purely symbolic.

Tue, 09/22/2015 - 12:41 | 6579702 Squid Viscous
Squid Viscous's picture

Fuck you Yellen, you old lying cunt

Tue, 09/22/2015 - 12:43 | 6579709 RawPawg
RawPawg's picture

#FedCredMatters

Tue, 09/22/2015 - 12:46 | 6579722 Tall Tom
Tall Tom's picture

I am NOT holding my breath.

 

Yes PLEEEEEEEEZ INCREASE THOSE RATES, Yellen.

 

Crater this eCONomy.

 

LMAO.

Tue, 09/22/2015 - 12:49 | 6579743 undercover brother
undercover brother's picture

funny how everyone can see the obvious except for the Fed 

Tue, 09/22/2015 - 12:58 | 6579815 gimlet
gimlet's picture

The fed does not want the market to go down while Obama is president.

Tue, 09/22/2015 - 12:58 | 6579818 buzzsaw99
buzzsaw99's picture

that's some funny shit right there

Tue, 09/22/2015 - 13:05 | 6579853 Mick Shrimpton
Mick Shrimpton's picture

Fed credibility???

Tue, 09/22/2015 - 14:00 | 6580225 undercover brother
undercover brother's picture

after the last 30 years, fed credibility is an oxymoron.  

Tue, 09/22/2015 - 13:11 | 6579905 fowlerja
fowlerja's picture

Janet Yellin (in the wildrness)..as the days pass we will hear little tidbits from Fed members..the media will jump on each statement as a hint of the "gospel according to Janet"..but in the end Janet...your actions speak louder than your words!

Tue, 09/22/2015 - 13:14 | 6579924 Chuck Knoblauch
Chuck Knoblauch's picture

The fed is a fools oracle

Tue, 09/22/2015 - 13:29 | 6580028 insanelysane
insanelysane's picture

Just saw a scroll saying that BOA hired someone from NY Fed to assist with their short term rate strategy.  Needed to clean the water I spewed off my monitor.  I guess BOA just bought some plausible deniability when they get caught front running the impending rate hike.

Tue, 09/22/2015 - 13:32 | 6580051 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

The next QE is going to have to be a real motherfucker. If they think a couple of trillion is going to be enough, they best think again. 

I am going to keep eating my theta and buying more puts until this fucker blows. 

Don't fight the Fed they say..? The Fed is running very low on credibility, which is their only fuel. I can and will keep doubling down.

Tue, 09/22/2015 - 14:56 | 6580526 bid the soldier...
bid the soldiers shoot's picture

better watch out

The Death Of Fed Credibility

FOLLOWED BY THE ZOMBIE CREDIBILITY OF THE FED

 

it wants to suck the bones of your wife and children

Tue, 09/22/2015 - 14:57 | 6580532 Baronneke
Baronneke's picture

As long Goldman Sucks says No to a hike.........there will be No hike. Start oiling the printing presses a bit moar.

 

And remember:  It's different this time. ;)

Tue, 09/22/2015 - 15:04 | 6580575 Not if_ But When
Not if_ But When's picture

If the FED raises rates, I will shoot a Peter Northian load.  Because I've been saving up and eating a lot of celery.  (inside joke to those in the know).

In case anyone is even remotely interested.

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