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Confusion-nado - 2015 Rate-Hike Odds Plunge To Record Lows After Fed's Evans Dovish Comments
We have had "bad cop" Dudley and so now "good cop" Evans unleashes more uncertainty, confusion, and farce:
- *EVANS: BEST APPROACH IS FOR LATER LIFTOFF, GRADUAL TIGHTENING
- *EVANS SAYS `EXTRA-PATIENT APPROACH' TO TIGHTENING IS WARRANTED
The reaction was very clear, Fed Funds Futures dipped to record lows for October (16%) and December (41%). And worse still, "dovishness" did nothing for stocks at all...
Evans added:
- *EVANS SAYS `THERE IS NO PROBLEM IN MODERATELY OVERSHOOTING 2%'
- *EVANS: APPROPRIATE TO RAISE RATES VERY GRADUALLY AFTER LIFTOFF
- *EVANS SAYS HE SEES SUBSTANTIAL COSTS TO PREMATURE RATE LIFTOFF
Charts: bloomberg
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Play that funky music, whiteboy!
"Lay down the boogie and play that funky music 'till you die!"
The idiots should not be raising rates, but lowering them. They should also be dropping chopper-cash on the middle class at this point. What is wrong with them?
"The idiots should not be raising rates, but lowering them. They should also be dropping chopper-cash on the middle class at this point. What is wrong with them? "
They have instead decided to steal everything the middle class worked it's as off since WW2 to accrue by printing up the money and just buying assets as people go broke.
They aren't thinking of the middle class; -just themselves.
And Bloomberg TV just called Assad a terrorist for dropping barrel bombs.
+100 A late entry for Post-of-the-Month, with a bullet
We're going to need a bigger dove.
Fly dove fly
https://www.youtube.com/watch?v=-MhzCL3Bqdw
The Federal Reserve is a big BIPOLAR entity. They are all over the place in the thoughts which means they have no fucking clue on what to do with interest rates.
My ex was bi-polar. We're doomed.
"Never" remains the undefeated champion of Fed rate hike estimates
Mark Mywords says "There is no problem in moderately overshooting the 1%".
Ready. Aim...
99 bullets in my gun aimed at the wall, 99 bullets in my gun.
You take one down, kick him around, 98 bullets in my gun.
If they do it, they will have to start by early next year because there is no chance of a raise going into the election.
Broken record...there will be no rate hike and everyone knows it!
We need more data!
Let's not be hasty. It's hasn't even been a decade yet.
In Australia the expression 'tool' denotes an individual that is an idiot and full of shit,I think this is what Yellen meant when she said she will use all the 'tools'at her disposal.
They have lost the market, and the players know it.....Look out below
"The reaction was very clear, Fed Funds Futures dipped to record lows for October (16%) and December (41%). And worse still, "dovishness" did nothing for stocks at all..."
At some point, even the market has to get tired of the FED's gaming. The boy who cried wolf, has nothing on the FED.
Doomage.
I didn't even know October was on the table for a hike. I guess that raises the probability of a hike from 0% (didn't know) to 1% (probably won't).
"EVANS SAYS HE SEES SUBSTANTIAL COSTS TO PREMATURE RATE LIFTOFF"
They always have it backwards. It is not the bursting of the bubble that has substantial costs, it is the creation of the bubble that has substantial costs, as all bubbles burst.
Premature rate lift off is not the problem and Evens knows it.
EVANS SAYS `THERE IS NO PROBLEM IN MODERATELY OVERSHOOTING 2%'
This is just another one of those FED lies. Stable prices is ZERO%. Inflation is not ZERO but the savings interest rate is virtually zero, which is a problem, as it is destroying standard of living. Evans pretends that is not a problem. If Evens lived in the real world, along with most of the rest of us, then he wouldn't be so cavalier.
Been sayin' since this summer - they can't hike, they won't hike, no way, no how. They are truly cornered in a paint job of their own making. Fuck the Feds, I am so sick of this charade. Europe has Greece, we have the Fed rate hike. Same bullshit, different part of the planet.
OT, but the bloodmoon last night was super cool, and the market has reacted predictably.
EVANS: "BEST APPROACH IS FOR LATER LIFTOFF, GRADUAL TIGHTENING"
That is not even close to best approach.
It's good to know that a laugh is sure to come if you read or listen to something by the Federal Reserve, our court jesters...without the wisdom.
*Evans: Since it hasn't worked and we have missed our GDP forecasts for the past 7 years, we should keep doing it.
*Evans: Learning is overrated, as is reading and thinking.
*Evans: Who says you can't touch a hot stove over and over. In time it may no longer be hot. You just don't know.