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Bill Dudley Gives 2015 Rate Hike Odds, Even As He Says "Not Calendar Guidance"
When is a 'date' not a 'date'? When a Fed member says so. The Fed speaker confusion-carpet-bombing contonues this morning with Bill Dudley who offered the following "insight":
- *DUDLEY: HE EXPECTS FED PROBABLY WILL RAISE RATES LATER THIS YR (so a date?)
- *DUDLEY: THAT'S NOT CALENDAR GUIDANCE, THAT'S DATA-DEPENDENT (not a date?)
His double-speak has sent stocks and bonds lower and USD higher for now...
Given this reaction (stocks down) and Dudley's previous admission that Fed policy is market-data-dependent:
- *DUDLEY: FED RATE PATH WILL BE SHAPED PARTLY BY MKT REACTION
It appears The Fed will not raise rates soon.. and Fed Funds Futures agree...
Charts: Bloomberg
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The clowns are back front and center sage with the raise hike carnival!! Problem is they have lost any credibility they may have had years ago!
Hey. I resemble that remark.
Hey, Bo Dudley??
Rate Hike?
Not... Gonna... Happen...
Dudley is pretending to be Clint Eastwood: sticking his .44 magnum in our face and threatening to pull the trigger.
Problem is, we've seen this movie before, and we know the Fed's out of bullets. Now it's our turn to say: "Go ahead, make my day."
NIRP here we come...
It's not calendar guidance.
It's just some goof talking.
Since fiat-based monetary systems are entirely based on "faith", jawboning is the only tool they have ever truly had.
Command economies eventually fail. Always.
Since the system is politically established, it must by definition be corrupt.
Since the regulatory state actually exists only to give cover to the looters, the looting will not stop until the taxpayers have nothing left to be stolen from them.
It's like a virus killing a host.
I call your bluff and raise you a grave site.
Clowns to the Left of me, Jokers to the Right,
Here I am,
Stuck in TARP Bailout 2,
Stuck in TARP Bailout 2,
Strangled by PC Tube,
Strangled by PC Tube,
Listening and Retching too,
Listening and Retching too,
Smelling what is like the Zoo,
Smelling what is like the Zoo,
Writing about this Spew,
Writing about this Spew,
Americans don't have a Clue,
Americans don't have a Clue,
Congress stealing from You,
Congress stealing from you,
FED Hates Middle Class too,
FED Hates Middle Class too,
And no one knows what to do,... @#&%$
Bullwinkle says to Rocky...."Dudley Do-Wrong is a Liar and a Goldman Mole!"
the pied piper speaks
The fed won't raise rates until inflation is well above 2%.
It already is, however, "officially" it never will be.
Sure sure...
Once again, it should be clear to everyone with a brain that the Fed is fucking irrelevant now.
The problem of course is that most people do NOT have a brain.
What part of all fiat will die don't people understand?
global Weimar!!!
hedge accordingly.
"the Fed is fucking irrelevant now"
Do you actually believe this or do you just like saying it?
The fed is currently the most relevant issue.
We sell our produce all over the world. Pull your head out of your ass. The demographics of the earth is what it is. Don't believe me, well, that's fine, to each his own. Hold tightly on to all those paper promises and good luck.
Hillary says it is all a conspiracy theory against her.
But her supporters and political cheerleaders don't see she is finished already.
Headlines:
- BUST: Icahn warns of potential looming catastrophe...
- WHOLE FOODS to cut 1,500 jobs...
- Sweden's negative interest rates turned economics on its head...
- Feds move in on local police forces...
- WHEELS OF JUSTICE SLOW AT OVERLOADED FEDERAL COURTS...
Police State:
- PHILLY BLASTED FOR POLICE STATE DURING POPE VISIT...
- PRISONER OF THE 'TRAFFIC BOX'...
- 'This is test to see whether those in power can steamroller population'...
The corruption in the USA combined with the "Leadership" View that we must all be cheerleaders for the Economy and the reputation of the country and our World Currency... leaves us all in an Idiocracy.
You are delusional, the fed is always wrong, BUT NEVER IN DOUBT!!
Open mouth operations will continue until moral improves
Exactly, the FED is boxed in and jawboning to death in the hopes someone will believe them. They have lost the confidence of anyone paying attention and are just trying to maintain some semblance of relevance. I don't think this economy lasts until next year. I hope I'm wrong in some regards but will get much satisfaction from watching many asshats lose everything financially and get taken down by the fall.
Fed-Up.
Banker bonuses will continue till you have none!
The FED doesn't matter anymore. A .25% rate hike? Even less.
Clown speaks, people laugh.
And you my friend, are no clown.
I love the smell of desperation in the morning....
(although it is evening here in Japan, the home of Obama's dick-sucking lackey, Abe)
Tick tock, tick tock...
Living inside a broken clock.
The clock has been ticking on Japan for 30+ years. Amazing, but irrelevant.
I don't live here. Would love to...beautiful country and could live close to my wife's family, but that would be out of the kettle and into the fire.
Slowly transitioning to LatAm, but keeping a close eye on Thailand if (when) we have our next 2008 moment.
Yep, already have property in southern Brazil.
Are you sure that isn't the smell of Cesium-134 in the morning
I guess it's "Live by the jawbone. Die by the jawbone."
You cant taper a ponzi scheme even a .25 raise on the minimum 200 trillion out there would cause mayhem
It's not even funny anymore.
Perfect timing to add to the carnage in the paper Gold market. The man and his group are laughable!
Yup. Gold is being shipped out of the west to India and China at a hell of a pace. It's basic math... at the current pace there will literally soon be no gold left to sell. What then? Does JPM think they can drive the paper price of silver down to $5 when physical is selling at $45. These clowns definitely belong in jail for the rest of their lives plus 120 years.
What then?
Free for all
Haha... "Free for all". As in JPM drives the price for paper silver to zero and it's "free for everybody". I wouldn't be surprised... that's how desperate these bastards are to give the impression that their fiat shit is the real money and precious metals are worthless. I'll tell you what's worthless... these manipulating losers on Wall Street.
"Buy Gold While You Still Can" [Chris Martenson] http://www.zerohedge.com/news/2015-09-28/buy-gold-while-you-still-can
If you knew the gold/silver was running out and the COMEX was going to default, would you (COMEX operator) like to payout at a low price or a high price? IMO, this is what is going on. Folks that think they own gold/silver residing in the comex are going to be paid off in clown bucks at a very low price to what those metals will be trading at a very short time after the default. Of course JP Morgan and Co. will be sitting pretty like they always are because they are able to frontrun these moves by either stockpiling metal (which they are doing) and/or going long in the options market. We'll see what they do here.
I'm 100% certain that JPM is driving the paper price lower so they can load up on silver, both on paper and the physical. I'm betting that silver is going to the moon. Especially now that the ratio is at an insane 78:1 as of this morning. It should be at 15:1 and I'll bet that at the peak in precious metals, maybe 10 years from now, it could be at 8:1 due to 'overshoot' as it reverts to the mean.
Meanwhile as the fed fiddles, GLEN, the epicenter for the next collateral chain implosion, burns.
I wonder if these people realize just how stupid they look on the world stage, or if they truly believe that they are so brilliant that it doesn't matter what anybody thinks because they're the smartest people in the room. Either way, this shit can't blow up fast enough. I don't know how it's stayed together this long with this kind of incompetence.
In their eyes they are heroes. They have deceived themselves.
We pay the price.
Why don't these clowns just shut the fuck up?!?!
Then we would not know just how they think we need them.
Unbelievable. Here the FED members have just given the most muddled , screwed up guidance and BS'd most people on a September rate hike, and now that they have screwed that up, they are right back to BSing again.
Dudley, Yellen et al ...you should just shut the fuck up!
What a bunch of bumbling, incompetent idiots.
Purge Solutions:
-
- Ban people for life from Congress, Politically Appointed Positions
- Ban people for life from Law Practice
- Ban people for life from Lobbying
- Ban people for life from working in Banking or Finance (FIRES)
- If wealthy put their money off shore, they will be banned from any of the above positions, for life, since they are taking the life style of an Expatriot with more than $100,000 off shore by date of bill with 3% increase per year to raise the floor with inflation
- When wealthy get classified as Expatriots, they also lose access to federal contracts and doing any business with government at any level state, local, or federal
Now let's think of something tougher
- Mandatory Retirement from US Congress after 8 years
- Maximum federal service 25 years including military time
- Maximum Central Bank service 8 years
- Maximum Lobbying 4 years (but no lobbying for ex-congress members)
- Maximum Political Appointees 8 years service, but not allowed for central bankers, lobbyist, think tank employees, or former congressmen
If you are a Fed member and you are going to sell your vote to the highest bidder, you have to do some jawboning to increase the bid. Cut them some slack. The Fed just wants to make money like any other corrupt corporation.
"DUDLEY: HE EXPECTS FED PROBABLY WILL RAISE RATES LATER THIS YR (so a date?)
*DUDLEY: THAT'S NOT CALENDAR GUIDANCE, THAT'S DATA-DEPENDENT"
The clown show continues.
Well Janet...your beloved FED has lost its credibility and your effort to be transparent...well instead of clear guidance you give us "spectrum" guidance...what color are we going to be today?..
Didley did not refer to the calender year, he referred to the FED year which ends never.