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The Fed's "Communication Strategy" In Just Three Headlines
Just days after Chicago Fed's Charlie Evans said what may well be the dumbest thing a central-planner has ever said, when he referred to the Fed's paint-by-numbers dot plot as proof the "economy is doing better", he hit the talk circuit again and said a bunch of stuff, mostly repeating what he said on Friday with the only notable item being his latest forecast about when the Fed should hike rates, saying that he now thinks "mid-2016 is the best choice for a Fed liftoff."
So, in the spirit of "assisting" the Fed's communication policy here is a recap of Charlie Evans recent "predictions" about when the Fed should hikes rates:
- September 2013: EVANS; NO RATE HIKE UNTIL LATE 2015 (source)
- March 2014: EVANS: NO RATE HIKE UNTIL EARLY 2016 (source)
- October 2015: EVANS: MID-2016 BEST CHOICE FOR LIFTOFF
Is there any surprise why everyone is tired of Fed "forecasts" and "predictions" and why, as BBG's Richard Breslow said last week, Central Bankers need to just shut up?
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The Fed has ZERO credability while keeping ZIRP in place.
0% = zero credibility
-.25% = negative credibility?
All of this is chatter box, the Central Bank of World cabal is never raise interest rate. Is talk much, but is never do anything. This is not cynic Boris to speaking, this is reality Boris to speak... If sovereign bond or treasury bill is make interest hike, deposit is move from lender/banker to treasury bill. Even if capital reserve requirement is historic low abismal, eventually bankster themself are realize unsustainability/instability of (fictional reserve) banking system and is quickly move wealth from soft asset to hard asset. This is manifestation of duration mismatch... Borrow short to lend long, make quick exit and saver class is hold bag. Simple, Central Bank is hold interest rate too low for too long time and now can is never to raise rate again. Period.
... but what is Boris know!?
Bunch of academic fuckwits.
DavidC
Just shows that the dude has no phucking clue on whats going on. Idiot.
BOUGHT AND PAID FOR..
Evan research center in the Goldman Basement is guaranteed. He is will have a stpend and speaking fees for $200k per month...speeches will be given in Even own home...with no attendees!
Meh, don't listen to what they say, watch what they do. They have demonstrated time and again they will do whatever it takes to keep stocks and bonds going higher so just close your eyes and BTFD; Janet has your back.
Fuck the crimal traders who are propping up this market by beliving the FED lies. I used to blame the FED now I blame the traders.
By 'traders' I take it you mean the financial firms with 95+% win rate on a quarterly basis?
Dr. Engali long ago: No meaningful rate hike ever.
THE REAL FED POLICY IN TWO HEADLINES:
-Do what seems to alleviate symptoms right this second, with total disregard for consequences or effects
-Repeat as necessary.
When I got my first professional job I would listen to what my boss said at meetings. No one ever took it seriously, which was confusing to me.
Until I learned that my boss had absolute control and could decide whatever they wanted, whenever they wanted, with impunity.
this has become a joke already. the fed will never raise becuase they can't afford to raise. 100 million old people on fixed income don't matter nearly as much as continuing to float highly leveraged and mismangaged banks, corporations and governments.
Negative Interests rates coming soon...
No rate hike ever, you Fed prostitutes.
I DARE YOUUU!!!
Longs should be careful now as the bears seem eager to take back some part of this 8% rally.
OCT9-10 is an important cycle period.
http://tripstrading.com/2015/10/09/sp500-how-cycles-take-their-time/
Doji, Friday, today again?
http://tripstrading.com/2015/10/10/sp500-suffering-from-low-energy/
The Fed is finally cornered.
It is cornered NOT because whether it hikes rates or not, will crash the market.
It IS because whether it hikes rates or not, those who buy golds will remain as protected as ever from either extreme market direction.
The Fed is cornered because it finally realizes it has ZERO power to predate the goldbuggers, whether it is with ZIRP, NIRP, or whatever the -IRP.
For once, the Fed is impotent and powerless against the goldbuggers.
Fuck the Fed.
" lift off? " my ass.
Houston, we have a problem, or two, or three, oh fuck it, I don't know, maybe 18 trillion.
Fed knows now it's stuck in a corner. Trying to put on the perception of market normality by talking about a rate hike.
No can do do anymore.
More rounds of QE (called some other BS name) with each being larger than the last.
The $85 billion/month just didn't cut it. This time it will be more than double.
More sugar high for the market thanks to the PhD Keynesian zombies.
WOW; people actually listen to these Jewish Fuck-Tards?