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FOMC Becomes Self-Aware: Lockhart "Understands" Why People May Be "Skeptical" Of The Fed
Having reiterated all the key talking points of "data-dependence", "downside risks", "labor slack", and the economy is "improving", The Fed's Dennis Lockhart then admitted...
- LOCKHART: UNDERSTAND WHY PEOPLE MAY GET LITTLE SKEPTICAL OF FED
We wonder just what makes him "understand" the world's growing skepticism?
And if there was any doubt at just which "data" The Fed is dependent on...
- *LOCKHART: VIX INDEX SPIKED IN AUG, NOW 'SETTLED BACK'
- *LOCKHART: WATCHING GLBL EVENTS FOR SIGNS OF SPILLOVR INTO US
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OF COURSE HE UNDERSTANDS WHY PEOPLE ARE SCEPTICAL
I must be taking crazy pills!!! This idiot finally understands, whoa.
Maybe it has something to do with the fact the Fed has done nothing at a cost of $3.6B in operating cost courtesy of taxpayers (real money from interest they bought with fiat). What a scam?
Brilliant headline.
Knowing and caring are two different things.
No he doesn't. It's a platitude and you fell for it.
Usury redistibutes wealth from the bottom to the top..........
Michael Hudson: It’s good to be here.
ED: Thanks so much for coming on. As I mentioned already, the title of your book – Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy – is an apt metaphor. So parasitic finance capital is really what you’re writing about. You explain that it essentially survives by feeding off what we might call the real economy. Could you draw out that analogy a little bit? What does that mean? How does finance behave like a parasite toward the rest of the economy?
http://www.unz.com/mhudson/parasites-in-the-body-economic/
Maybe it's because Lockhart and Grandma Yellen are running the worlds largest Ponzi scheme? Nah.
Peice of shit becomes self aware realizes it is a stinking turd.
It's a floater...
Maybe because much of the public has figured out that the Fed's only real mission is to enrich the .01% by being a giant parasite?
EAT SHIT YOU FUCKING PRINTING BASTARD!!!!!!!!!!!!!!!!!!!
They should all be fired for doing nothing. May as well use paperweight to keep rates at zero or have a third grader, at the cost of some string cheese, suggest idiotic things like NIRP . Maybe the productivity measures would improve.
What's with this "LITTLE" revisionist bollocks?
Enabling fraud and treason might do that to a guy...
The truth is Summers, Rubin, Dimon, Corzine, Lloyd...etc. and every Federal Reserve board member since Nixon should be EXECUTED.
Put their fucking heads on pikes, nothing changes otherwise.
Apparatchik who believes in the efficacy of his bureau to achieve its purposes without any understanding of the real purposes, or whose purposes.
Technocrat with knowlege but no understanding.
Poor useful fool.
"Self-aware". Lmfao.
"Head to the choppa!"
Skeptical? No.
Sickened? Insulted? Robbed by? Abso-fucking-lutely.
What a fucking cunt.
Why? Just because you look like a bunch of clueless retards who have no idea what's going on, much like the guy in the White house? Or is it because you are a bunch of corrupt assholes who waited for the statute of limitations to run out before stating that people should have gone to jail? People are beginning to see right through you assholes.
it's either ineptitude, or psychopathic desire to thieve. either way the fed and its system's manipulators, are retarded, or patently evil.
Everyone hates the Fed because they FAIL at creating constructive monetary policy. They're professors or theorists who experiment with monetary policy with no real world experience. They have prescribed the worst divergence between stock prices and fundamental reality the globe has ever seen and refuse to allow markets , stock or commodity, to behave like markets. Case in point was the $400Billion reverse repo conducted last week which has now driven the S&P up 160 handles, thus continuing the divergence from reality and enabling corporations to use 100x or more leverage without risk. Their keynsian theory is CRAP and by now should be firmly discredited. they should all be tossed out.
Reverse repo is free money gifted to banks.
When the Fed conducts such a massive Reverse repo operation they telegraph it in advance to their member banks and those banks natually protect their biggest clients. And since anyone with a brain knows what happens to a market when the fed adds massive liquidty, these clients then protect themselves by front running the reverse repo. With such a scam operation taking place to hold up stock and commodity markets, who in their right mind would now short big and press it?
Wall Street LOVES LOVES THE FED.
Expecting patsy to funnel trillions to you for $100,000 Salary...hard to imagine. History is going to be very unkind to these fools
They know exactly what they are doing and exactly who it enriches. Wake the fuck up and see my post above. Technology changes, human greed and human nature does not.
But...but Bullard said FOMC goals largely met and a rate hike is coming soon.
http://taomacro.com/liftoff-well-into-the-future.html
LOCKHART: UNDERSTAND WHY PEOPLE MAY GET LITTLE SKEPTICAL OF FED
The understatement of the year
One has to wonder how the left sits by silently without criticizing a Fed which has engineered a massive wealth transfer upwards. Owners of assets are in great shape for now, but the people without assets have no way to get ahead as rents rise 4-6% annually and healthcare costs escalate at rates several times inflation. Even the person with nothing, working at wages that don't keep up with costs who manages to save up money to accumulate assets has seen no return on his savings for 7 years and now has to contend with Kocherlakota suggesting rates actually go negative. Talk about theft. The left has been completely disingenuous in allowing this to go on, while also allowing carried interest to be taxed as capital gains for the wealthiest. Shame on all of them.
Because the left, like most other people, love to borrow money, not save it.
If they only use computers to make their decision, wrongly at that, why do we even need a fed? Can't a computer do that?
FUCK THEM!
Why should the Fed worry about a slowing China? When did that come into their area of concern? Right after they decided to promote 2% inflation is the answer.
"Fed rate hike coming" is the FREE BEER TOMORROW sign at the local saloon.
When China was ROARING did the Fed consider tightening? Of course not. So why is a slowing China a reason not to raise?
Just like the SCOTUS, the Fed can decide whatever they want whenver they want. The two unelected bodies will ruin this country built on
Democracy and representative government.
Why does he even know what the VIX is....it is a fraud!
The Fed doesnt watch the markets.....they are "data dependent".....and China dependent....and what ever they
feel like dependent.
VIX, a 'market indicator' which dictates markets direction....LOL!
Certainly fun and amusing to poke fun at Obozo and I am guilty of that is well. The real question is WHY is Obozo folding like a cheap suit? Why is the U.S. retreating when anyone with an IQ above that of a CNBC employee knows we could easily destroy ISIS militarily in hours?
So, if Obozo was checkmated by Russia/China in the ME (even to the point where Iraq is running to Russia) then is it possible that the Fed's powers behind the scenes have been restricted? Is it possible the same Cabal that controls the Fed also controls U.S. Inc. and all of these senseless conflicts?
If there is a major power shift underway then what makes you think the Fed even still has the clout to go full retard QE4eva on behalf of their Bankster buddies or are they just jawboning endlessly to try and provide a parachute for the inevitable collapse?
Since when is wanting a group of people dead a little skeptical?
They still don't have a clue, otherwise they wouldn't have said "May". There just on a fishing expedition.
Hurry up Fed and give us NIRP! YAY!
LOL, the Fed is making it up as they go along. Their models are crap and it's purely a confidence game with them now.
Keep printing money and keep stocks up. Also keep rates at 0 or negative.
Buying quarters and years. Hoping all the negatives go away over time.
What a fricken disaster.
Companies are buying back stock, instead of spending on new products there juicing exisiting ones and cutting costs by layoffs.
If all else fails they take up to war. Lots of distruction with war. Great diversionary tactic. Also rebuilding afterwards.
The Federal Reserve is Good, Cash is Bad
/sarc
Japan syndrome to the rescue.If Japan can hold out just think how long the numbskulls at the Fed can do it.Recession for 50 years.
Great headline. But, who's skeptical of the Fed just because they lie like rugs, I'm not skeptical of my carpet, it just is what it is.
lockhart - you don't know shit - fuck off