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Is This The Green Light To Hike Rates?
Today's euphoric unemployment print of 5.0% was based on a total employment number of 149.120 million, with 7.908 million workers unemployment (and another 94.5 million out of the labor force).
The number was so good, the market is now confident the Fed will hike rates in December.
So how does US employment growth look like in context and is this really the catalyst for the Fed to hike rates signalling a jump of confidence in the economy?
We will let readers decide if the 1.3% increase in total employment, less than half what it was last October, is the answer.
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If rates are ever hiked, you can rest assured that they've gotten the next scam of a backstop in place to hide the ramifications.
As always, time will tell.
Nope, no rate hike. Next month's lukewarm jobs report will guarantee it.
they can't hike the rate even 25 bps....they can only jaw-bone, lie, or fake about it. That's it. If they ever did it, which I 99% doubt they will, they could only do it for 30 days and would then have to drop it back to essentially "zero". Which would then be admitting that everything is a lie and TOTALLY FUCKED.
So they won't and can't do it.
If they hike the rate even that tiny bit then the Fed implodes it's toxic junk book of trillions of skank which is dependent on zero interest rates. It would also set off a domino-effect in the world-wide 100's of trillions in derivatives that are also dependent on zero interest rates.
The whole fucking thing would massively implode and as we all know it will be 100 times worse than 2008. Or worse.
Why does anyone think they're willing to risk that now??????
Why would they risk that now at the end of the year?
And they certainly wouldn't risk it going into a U.S. "presidential/sociopathic" election year either, because interest rate hikes have never occured during election years as far as I can tell.
They will probably do what they did in 2008.
They will run us to edge of the cliff right before the fraud election and then drop a major bomb on us about needing endless Trillions to bail out the system. Same bullshit they did in '08. They asked for 800 Billion but it really ended up being many Trillions, right?
This time they'll ask for some amount of Trillions and it will be multiples larger than that. This could be the end, bitchez.
So prepare accordingly if you haven't started already.
Oh...and BTW....phyzz is STILL on sale. BTFD, bitchez, if ya know what's good fer ya.
I like to call it: PAY DAY! ;-)
No, they don't WANT to raise rates, they HAVE to raise rates to survive...
Demand for Fed's reverse repos set to surge: JPMorgan http://www.reuters.com/article/2015/11/04/us-fed-reverserepos-jpmorgan-idUSKCN0ST2ZD20151104
Reverse Repos Go Parabolic: ‘Liquidity Shock’ Derivatives Melt-Down Has Begun! http://forum.prisonplanet.com/index.php?topic=262837.0Or the GS favorite excuse: "The market has already priced/overpriced the rate move. It is now time to have your savings obliterated some mo."
FFS, we face an eternity of "next month."
Managing expectations since 1913.
We are caught in a temporal lacuna
curious situation.... Soros dumps out of Janus just before Gross announces this 100% sure hike goodie.
http://www.bloomberg.com/news/articles/2015-11-06/gross-says-100-certain-of-december-rate-hike-after-jobs-surge
During the rate hike I'm considering buying a Mint Sealed Box ' O Silver Eagles. I think that's the day the price dives below 8K.
why wait? If you have the dry powder then get it now and get delivery. Why wait until some catastrophic event? The downside is low right now and premiums are stable again. But if you try to catch that falling knife I gaurantee you supply will dry up in a heartbeat and premiums will jump big time. That Monster Box will cost you extra in the long run compared against any further risk of "down-side loss", which is a joke always in dollar terms.
If you have the powder to do it now or very soon...then do it.
I'm a 20oz roll stacker on the BTFD days...can't buy me a Monster Box. But in all actuality, I just don't think buying a MB is the best value unless someone has a high risk level and has a high amount of dry powder. In my case it has worked very well to dollar cost average down as the dips present themselves.
But if you're waiting for some kind of B.S. news that the manipulators use to smash the paper prices then also be prepared for a supply slow-down and a major hike in premiums to compensate for that smash.
Sellers aren't just going to give the most undervalued monetary commodity in the history of the world away for nothing.
Just sayin'...
To think that when the SHTF, people are going to be walking around using metal to buy things is absurd. And how much tax will be added to doing that? You will choke on your metal. Think outside the box, man. People will be trading chickens for wood and wood for bycycles and no one can tax the barter. It is the only real fundamental solution. Metals can be confisgated by law. You really can't see that coming? LOL. Really, you think when the fiat goes away and there is no more paper money, you're going to be some rich dude with tons of metal locked up in your doomsday bunker? Pass the crack pipe and I'll agree. You're setting yourself up for failure. Ya, like let's go back 1000 years and uses metal coins and start all over again. Those that don't learn from history, are bound to repeat. I think I'm getting wood... and chickens and a nice garden. And guns 'cause shit won't be civil in that world. Survival of the fittest.
Oh, no offense BTW.
Just saying.
At this rate we will have 0% unemployment by the time Otardius Maximus exits Rome on the Potomac.
When the unemployment rate hits 0%....will there be anyone working?
Or will we all be booked as having left the labor force?
I can feel our economy coming to a screeching halt. All us sales guys are twiddling our thumbs today. When other sales people offer to help on quotes you know it’s slow!
Usually on Fry Days everyone dumps their crap inquiries from all week onto us but now that garbage busy work gets done by Turds Day.
How many times can they kill the hawk before everyone knows its a dead bird? If one accepts that the last 7 years of ZIRP was called for - there is no basis to hike, clearly it's going the wrong way. The picture changes when one asks if the last 7 years of ZIRP has achieved what it was intended to do.
If the Fed is starting to believe that ZIRP has created asset bubbles without generating the growth that would reduce nominal debt - they might consider something else. If they believe the creation of asset bubbles has become as dangerous as debt - then they will hike. I think that's where we're at.
I don't care if it went to 100% employed, rates still aren't going up even though there's more people to steal from. The eCONOomy is determined by how much the stock price is for 100 corps, not by how many people have a job.
And stocks really haven't done very well in the past decade. So if that's the metric, no hikes ahead.
You think they will raise rates at Christmas.............. ahhahah
rate hike.... hmmm yes, well..... let's see.....
at this point WHAT DIFFERENCE DOES IT MAKE ?????
yer premiums will NOT go up...
attack was the reaction to [a d rate] interenet video....
we will withdraw all troops by the end of my presidency...
5 % unemployment 'our policies are working" (for whom i wonder...)
b l a h.... b l a h... b l a h....
another lying tirade to continue to enhance their [shitty] record...
forgotten facts
----> 94 million out of the work force...
----> 19 (plus and counting) TRILLION dollars in debt...
----> open borders, and inviting terrorists to move in the USA
----> a traitor as thug in chief
yeah sure... go ahead and raise rates.....
bunchafools
then again.... we live in idiocracy they can get away with whatever they want to do....
such as
the official rate right now is .00-.25, so even if the rate is set at .25 it will be called a rate increase. But there will never be an increase and they know it.
The green light to hike rates will be the pitchforks and torches of mobs rampaging in New York and DC.
If you would have told me we would have 7 years of 0 rates, without any pitchforks and torches, I would have said that was insane. Keep the sheeple distracted and fed and you can get away with pretty much anything.
Almost more important than the Fed's interest rate is the value of the dollar in comparison to other currencies. For years I thought the dollar would succumb to market forces and predicted its demise. I now concede my failure to grasp the larger picture made me rather shortsighted.
While I concede the dollar is nothing to brag about as the world reserve currency the dollar is still the most liquid and the safest of the four major currencies. More on why the dollar is about to soar in the article below.
http://brucewilds.blogspot.com/2015/08/dollar-about-to-soar.html