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When FedSpeak Fails...
The only one who can save stocks now is Stan Fischer at 1800ET...
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dudley yapped twice?
bad dog!
ALL PART OF THE PLAN ZH, I THOUGHT YOU COULD FIGURE THIS OUT BY NOW TYLER. TALK THE MARKET DOWN IN ORDER TO DELAY RAISING RATES AGAIN. I can't believe people can't figure this out, especially the so called professional traders.
The market falls and then it bounces!! WTF?!
This meme of labor market recovery is very intesting..Mission accomplished moment upcoming???
As the Federal Reserve discusses and prepares the nation (and markets) for a potential December interest rate hike, seems appropriate to compare the "success" of the latest cycle with previous interest rate cycles. Clearly, the depths of the job losses in the great recession and subsequent recovery has much more work to be done, since it's worked so well so far.
http://bit.ly/1GYwvHE
Boris is understanding role of bankster, ecommunist, and politician and proclivity to lie and fabricate. That is given. But why is other such as analyst and commentator so dosh garn gullible!? Even simple Russian peasant is can see through lie of Federal Reserve.
A banker, a politician and an economist all walk into a bar. Bartender says "What can i get Ya?"
The politiwhore and the Krugman look at the Blankfein... Blankfein says "I ain't buying. I'll give you a loan. But I ain't spending my own money. Not unless it's free from the FED."
The Blankfein and the politiwhore look to the Krugman: The krugladite says "I ain't buying. Not unless it's with shitloads of borrowed money. Hell. I gotta noble prize for saying we need more government debt. But I couldn't get approved for a mortgage, never mind a cosmo."
The Krugman and the Blankfein turn to the politiwhore. The politiwhore whines "What? ME? I don't buy anything. People buy me!
Ecommunist - WoTD
Never attribute evil when simple cluelessness can is explain, Boris.
What we are really seeing is that the Fed is failing in its efforts to keep the dollar alive. Some see this as part of a plot to destroy the dollar for nefarious reasons. I don't think so. I think they would like to keep the ecomony going but they have run out of tricks. What seems to be one thing is actually another all together.
they shoudl raise rates today since by mid December wew can combine bad Oct and Nov reports on business activity plus be looking a pukey Black Friday.
the Dec 4th jobs report will show 315,000 jobs added, all in the 55-64 age category. The 2/3 of the seniors not retiring wil be keeping their jobs and taking the highly paid welding jobs and that wil halp them keep warm before they die, saving huge dollars for the country on medicare and social securit, so the country can give those savings to another group, heaven forbind we try to balance the budget.
Reminds me of the Valeant calls, another call another decline. Onward and downward!!!
Forward Soviet!
Day of reckoning for the FED's Pavlovian lapdogs, also known as BTD'ers. It'll hit 1700 before they even think to question their Pavlovian programming.
The Fed and its proxies will commence buying stocks shortly.
The freest, fairest market in this world must be kept levitated
It's all just so much posturing and mental masturbation. The truth is: Yellen wants to rates to go negative so bad that her dick is hard.
Fairly obvious they're attempting to prepare the market for a rate raise next month. You know, full disclosure and all that.
FedSpeakRiskNegative + Bubble Market = > Must engage the Kevin.
All I get from you is talk, talk....
https://www.youtube.com/watch?v=6hHnOBlwU3A
All we need now is Gartman declaring the market is a perfect buying opportunity.......
What's amazing is these people constantly admit they have no idea what going on at these lower bound of interest rates, and they criticize anyone with an apriori analysis as "heterodox". As if mainstream economics is just lick your finger and stick it in the air.
WEEEEEE...
Please do not as lick my finger.
VOTES OF NO CONFIDENCE!!!
LOOK AT THE TAPE, JANET.
MARKET THINKS YOU'RE A DOUCHER!
i think it all started when Obama made the announcement about Keystone, the oil market has been ugly ever since. the markets is going to be choppy until the oligarchs choose their next president.
Pay no attention to the man behind the curtain!
gee thats curious...
Fraud markets falling...
and Gold and Silver phony paper prices falling too...
seems awfully strange and contradictary...
especially since
"Bar and coin buying more than tripled in the United States to a five-year high of 32.7 tonnes, and also rose 70 percent in China and 35 percent in Europe. That followed a more than 6 percent slide in spot gold prices in July, their biggest monthly drop in two years. "The price dip represented a buying opportunity for people to dive into the market and increase their gold exposure," Alistair Hewitt, the World Gold Council's (WGC) market intelligence manager, said. "The additional degree of uncertainty that has been imbued within people as a result of the financial crisis underpins people's desire for gold bars and coins. When you have that as an underlying factor, and you see a price dip, that represents an opportunity for you to increase your gold holdings."
http://www.reuters.com/article/2015/11/12/us-gold-wgc-report-idUSKCN0T11...
The gold price is set by the paper markets. Physical sales do not show up in that process.
Every year trillions of dollars of 'gold' is traded by the FOREX, only a couple of thousand tonnes of physical move.
Even though it seems just wrong, thems the facts. Indian and China can buy their asses off...it will not affect the POG. When the bullion banks sell a few billion dollars worth however...look out below.
As long as the paper market survives it will be this way.
btw
GLD continues to bleed inventory....the one link between physical and paper is this....physical must flow at the paper price....if it does not we have a major problem.
Yellen.... " post-crisis period "... God I love their Humor..
On a long enough timeline w/ ZIRP, the survival rate for everything drops to ZERO.
Milton Churchill
KSS ( Khols ) looks like it has the potential to tumble some more.
https://www.tradingview.com/x/DilDMvMJ/
Fed credibility is going kaput.
Where is Hilsenrath? He needs to show up in this Federal Reserve comedy show.
The Fed has become like laugh-in.
All of a sudden the door in the wall opens and a Fed head has to flap their gums.
You do not need credibility when there is no alternative and you have the green light to counterfeit. Legalized criminals do not care or obey the laws made for the underlings.
All the fed speakers have done is protect themselves and give excuses. The fact that their monetary policy of the past 8 years has failed so monumentally, coupled with the other abject failures during the prior 25 years, the entire federal reserve should be disbanded or rechartered with a different mission; one that specifically prohibits the bail out frivolous banks and corporations and does not use its financial muscle to manipulate global markets for the benefit of its members.
That is contrary to the shadow mandate.
Bring on the BULLARD !!!
http://www.reuters.com/article/2015/11/12/us-g20-turkey-imf-idUSKCN0T11X...
The U.S. Federal Reserve should wait to see firm signs of rising inflation as well as a stronger labor market before hiking benchmark interest rates, an International Monetary Fund paper said on Thursday.
In a report prepared for the upcoming Group of 20 meeting in Turkey, IMF staff said spare economic capacity and very low inflation justified keeping monetary policy loose in most major advanced economies.
The contrast between rising U.S. rates and probable further easing in other developed countries was one risk overshadowing the global outlook, along with a shift in gears in China and an end to the commodities super cycle, the surveillance note said.
"The Federal Open Market Committee’s (FOMC) decision should remain data-dependent, with the first increase in the federal funds rate waiting until continued strength in the labor market is accompanied by firm signs of inflation rising steadily toward the Federal Reserve’s 2 percent medium-term inflation objective," said the note, which does not necessarily reflect the views of the Fund's executive board.
A Reuters poll published on Tuesday showed a 70 percent chance the U.S. central bank would raise its short-term lending rate at its Dec. 15-16 meeting, after a stronger-than-expected jobs report last week.
Policymakers, who have held benchmark overnight rates in a zero to 0.25 percent range since December 2008, are split over whether inflation is likely to rise from the current 1.3 percent under their preferred measure, which excludes food and energy.
IMF staff urged G20 nations to back China's efforts to liberalize its economy and accept that the transition to slower but more sustainable growth would likely involve some hiccups.
G20 leaders will have an in-depth discussion about migration at their Nov. 15-16 summit, and the IMF note said this was a pressing economic issue for both sending and receiving countries.
Increasing violence in the Middle East and Africa has driven waves of migrants into Europe, but neighboring countries such as Lebanon, Pakistan and Turkey are also struggling to cope with an influx of displaced people and need international support.
Upcoming IMF research showed that the costs associated with asylum seekers in the European Union could rise by a cumulative 0.15 percent of gross domestic product (GDP) in 2015–16 from 2014, the note said.
But since 80 percent of migrants were of working age, continued migration could offset population aging and cut age-related spending in advanced economies by 1 percent of GDP by 2050.
The note suggested host countries could increase the economic contribution from migrants by offering benefits such as permanent residence to those with in-demand skills.
https://www.imf.org/external/np/g20/pdf/2015/111515.pdf
Group of Twenty IMF Note — G-20 Finance Ministers and Central Bank Governors Meeting
IMF Note on Global Prospects and Policy Challenges
November 15-16, 2015
I said it this morning on another post; soon Christine Retard would tell the FED not to raise interest rates...that was the equivalent.
When Jumbo Jet Janet is out shopping and sees a kid's Piggy Bank for sale does she think it's mocking her economic policies?
Doesn't he, I men she, demand the kids piggy bank and if the kid refuses, then the Goldman Sach's gang takes the kids bank, kills the kid and comes after the entire family...something like that.
And then ZH sends it higher.
It makes her laugh
Well you know it is game over for the Fed, and pretty much all the other CB's too. The world has reached Peak Debt and clearly making new debt even cheaper doesn't motivate the Muppets to pile on more purchases.
The New Home Sales have managed to stagger back up to *1990* levels in the USA - so much for the "recovery". And with the Fed giving away "Free Money" (with catches) to students to spend in iGadgets - well no way they can build up that ever-larger down payment on some dumpster.
Stir in a little bit of demographic peaking and some Dollar Short Squeeze (courtesy of that $10 Trillion in offshore overhang that Must Be Paid Back) and you have a recipe for wondrous stew of Aggregate Demand Damping that Mr. L. Summers, bless him, must dream about in Panavision and CBS Peacock Color at night, the poor 2nd place fool.
At the end of the day, what seems to be clear is that the world, or at least the EU, is shaping up for Monumental Lord of the Rings battles between the forces of Good (think Socialism / Political Correctness) with evil (Think Schauble / The Deceased Helmut Schmidt / austerity / budget balancing / living within our means without debt).
And you think I am joking but no no non, I am serious. The philosophical basis for this seems to be gelling and it is as divisive as the North / South divide in the USA in Civil War period. My guess is that the shadowy figures behind the levers of power will have to reveal themselves at some point. We will see. But in the E"U" (U for "Union") at least - there appears to be fissures forming. So as Surely as SoCal will split off and become a peninsula just off Redmond WA, so will the E"U" fractalate and transmogrify beyond comprehension due to the philosophical divides that are beyond gelling, and moving to some sort of visible definition. Time frames, and next steps? No F'ing clue but the overhang is about as evident as Schauble's and Rickard's observation about the last snowflake.
YMMV as always, but it will be endlessly [insert favorite phrase here]
new home sales graph, for those into ChartPorn:
http://www.advisorperspectives.com/dshort/updates/New-Home-Sales.php
< FEAR THE TALKING FED
<FEAR THE WALKING DEAD
THEY BOTH ARE THE SAME
These Fed clowns couldn't find their own ass if it had a bell on it. They must be cleaning up at the big casino on these no news is news bulletins.
Pick a Kardashian, any Kardashian, and they'd be just as informative. Yes, we've degenerated that far.
Dudle Do Right and Stop your Yellen but make sure you don't become a Lacker.
Fed is wrong when it speaks, when it doesn't speak.
Decide.
If markets react to whatever Fed does, we know markets are far away from fundamentals.
Crash and burn -- that's what's needed. Total cleansing.
Doesn't mean who lights the fire, Fed or something else.
The FED is our friend. <sarc> The PPT has it all rigged, I mean covered.
http://www.reuters.com/article/2015/11/12/us-usa-fed-dudley-idUSKCN0T129...
Fed officials lay case for December liftoff
WASHINGTON
U.S. Federal Reserve officials lined up behind a likely December interest rate hike with one key central banker saying the risk of waiting too long was now roughly in balance with the risk of moving too soon to normalize rates after seven years near zero.
"I see the risks right now of moving too quickly versus moving too slowly as nearly balanced," New York Fed President William Dudley said in remarks delivered at the Economic Club of New York on Thursday.
Dudley, who has a permanent vote on the Fed's policy-setting committee, said the decision still required policymakers to "think carefully" because of the risk that the United States is facing chronically slower growth and low inflation that would justify continued low rates.
But his assessment of "nearly balanced" risks represents a subtle shift in the thinking of a Fed member who has been hesitant to commit to a rate hike, but now sees evidence accumulating in favor of one. For much of Janet Yellen's tenure as Fed chair, policymakers at the core of the committee, and Yellen herself, have said they would rather delay a rate hike and battle inflation than hike too soon and brake the recovery.
But Dudley said the current 5 percent unemployment rate "could fall to an unsustainably low level" that threatens inflation, while seven years of near-zero rates "may be distorting financial markets."
"I don't favor waiting until I sort of see the whites in inflation's eyes," he said about monetary policy timing. Going sooner and more slowly, he said, may now be best for the Fed's "risk management."
In Washington, two regional Fed bank presidents who had already backed a rate hike repeated their calls for the Fed to move. St. Louis Fed President James Bullard and Richmond Fed President Jeffrey Lacker also said they agreed with broad consensus at the Fed that rates would move slowly after the initial "liftoff."
"The committee has been very clear that the normalization path here is going to be shallower," than the steady quarter-point-per-meeting hikes used by the Fed early this century or the faster hikes enacted in the early 1990s, said Bullard, who is not a voter on the Fed's policy-making committee this year but will rotate into a slot in 2016.
A cautionary note came from Chicago Fed President Charles Evans, who worries any rate increase could damage the recovery and put the United States in the same difficult position Europe and others found themselves in when they tried to raise rates at a time when the rest of the world was holding them down.
"We have had different points in time since the downturn where certain regions of the world thought they could delink against the rest of the world. There’s often a trail of tears that follows that hope that their own area is stronger. That makes me nervous," Evans said in Chicago.
So we’ve got all the usual suspects out there calling for a rate rise, Yeah, do it, please do it, please do it. These imbeci**s obviously don’t know sh** from cl*y. Do we have to put up with this crap for another month? NO WE DO NOT HAVE TO. We need to tell them (“THEM”) to “DO IT” no more “DATA SIGNALS”. The last time the markets gave the FED data signals the ass fell out of the markets and they S*** themselves.
If the FED raises interest rates it will strengthen the already strong DOLLAR and strangle your exports, thus contracting your economy and sending it into a DEPRESSION.
The U.S. has wonderful numbers, What is the score now, About 60% on food stamps, (whatever that is). Sounds like a socialist utopia HEH, HEH, HEH. In Australia it is called the New Start Allowance. We in AUSTRALIA call it the No Start Allowance because it is just a way to hide the true unemployed and give them a subsistence allowance and keep violence off the streets. My sympathies to all of you in the U.S.A. who believed in the “DREAM” of home ownership and independence.
To anyone who would like to get out of this PONZI scheme there must be a precious metals store nearby.
There is a choice of keeping your life’s labour in airy fairy paper (“PET PAPER”) in which most of the thieves have told you they want to steal (through inflation) at least 2% of your wealth from you.
– If there is deflation you get to keep most of your work (value), If there is the thieves inflation, they get to skim the 2% or whatever off the top, DO NOT FORGET THAT “THEY” CAN TURN ON THE SPIGGOTS TO 10% OR 20% OR WHATEVER and just steal that amount of your life’s work from you.
Or you can convert your excess labour into HARD OBJECTS,
LAND, (can be taxed),
BUILDINGS, (can be taxed),
CARS, (can be taxed and subject to depreciated value),
ART OBJECTS, (subject to personal preferences),
BUSINESSES, (usually valued in (“PET PAPER”) and subject to the honesty of management, ETC.) YEAH, RIGHT. We know all about that don’t we?
Getting back to the difference between “PET ROCKS” and “PET PAPER” and now – wait for it – “PET DIGITALS”. I nearly p****d myself when I heard you can give up your life’s work to (invest) in “PET DIGITALS” HEH, HEH, HEH. _YEAH RIGHT.
Give me a break. Do you think I’m a complete F*** W***.
Sorry about the rant folks, but you seem to give a few others a bit of leeway, and it was a good bottle of Muscat liqueur
As far as investing in “PET ROCKS” or “PET PAPER” or “PET DIGITALS”, maybe you should ask the _Indians, Chinese, Russians, Germans (sorry you can have your GOLD back in ??? years) _because I am not licensed to give investment advice.
I loved to spill my guts after only 6 months of posting. Best to you all _JOHNLGALT