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Fed's Fischer Unleashes Schrodinger's FedSpeak - We Dare You To Make Sense Of This
If you had any confidence in your ability to understand The Fed's future course of action, Fed vice-chair Stanley Fischer just destroyed it in a speech in San Francisco that beggars belief in its CYA hedgedness...
While we continue to scrutinize incoming data, and no final decisions have been made, we have done everything we can to avoid surprising the markets and governments when we move, to the extent that several emerging market (and other) central bankers have, for some time, been telling the Fed to "just do it."
Fed meetings are now 'getting interesting' as possible rate hike discussed
In the relatively near future probably some major central banks will begin gradually moving away from near-zero interest rates
All of this was said without a big "wink."
So let's break down the confusion:
First, this...
- FISCHER: FED HAS TAKEN NO FINAL DECISION ON TIMING OF LIFTOFF (ok makes sense, data-dependent and all that)
But...
- *FISCHER: SOME MAJOR CENTRAL BANKS TO RAISE RATES IN NEAR FUTURE (well The ECB, BoJ, PBOC aren't so that means The Fed will? But you just said you hadn't decided yet?)
Then this...
- *FISCHER: FED HAS DONE EVERYTHING IT CAN TO AVOID SURPRISING MKT (by telegraphing a rate-hike in December - just like you did in September - even though you 'surprised' everyone then and just seconds ago said you hadn't decided... and had)
And finally this...
- *FISCHER SAYS FOREIGN CENTRAL BANKERS HAVE TOLD FED 'JUST DO IT'
Ok, so greenlight from everyone else - it's on - do not be surprised... but then again we haven't decided yet so don't bet on it.
* * *
Is it any wonder that Gold and Treasuries were bid today as it becomes ever more clear that The Fed is entirely lost and a policy error is looming.
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definitely maybe, but possibly not...
<-- Economy is not so good = no rate hike
<-- Economy is improve = keep rate same
* Adjustment for seasonal and extreme weather is require no rate hike.
"Foreign Central Bankers" = BIS and "Just do it!" = "Pull it!"
It'll happen eventually... just not until the giant smokescreen to be known as WW3 is ready to launch... unless of course it is ready to launch. Hope that helps.
They won't hike. They just TALK about it ... incessantly. The economy is going to hell. If they hike (and we are talking a 25 basis point "hike") this sum bitch will go down in flames.
https://www.youtube.com/watch?v=HY_bGY_hNqs
In fact, I would be willing to bet they do some more QE (overt or sneaky) in less than six months.
Regards,
Cooter
The last FED rate hike was in June 2006.
Oh, and fuck you Fischer you pathetic old windbag.
WTF happend to WTI crude..up 1.50 in seconds on no news?.
RIPS
These people do not know what they're doing.
the Russian bombing of ISIS oil tanker trucks
@Boris
That's the problem with all two choice systems. It's always a case of "Heads I win, Tails you lose"?
Economy is not so good = rate hike = fool public, soar market with printed money, have ammo for big down turn
I'm trying to think, but nothin' happens...
;-D
Man, I fell like I just dropped some acid by reading what Fischer said. Oh those college days are haunting me again.
That is remind Boris of industrial accident circa 1996 when train is derail near Shumurlya outside of Moscow. Cause is never conclude, but some is argue signal light on rail switch is not function. Later, someone is "put back" copper ore originally extract from railway easement.
Boris Alatovkrap - Economy is improve = keep rate same
This must be the answer! If politicains jobs are on the line things must be MOAR AWESOMER!!!
I laugh on you, refugee from Kishinev.
Maybe you are having a funny on peoples here?
The Fed are saying "ECONOMY IS NOT SO GOOD" ha ha ha.
Booger Bush will saying he killed half million Iraqis, before the Fed says "economy not so good."
Get back on push cart to selling Mrs. Alatovkrap's potato knishes.
Firmly committed to arrive at a decision in the future on how to proceed in making things differently the same. Or something...
Absolutely indecisive, but then again.....
I agree strongly... both ways
http://www.creationoutreach.com/sitebuildercontent/sitebuilderpictures/j...
Vase or Face?
just flip a fucking coin !
Due to debasement of metal and discouragement of physical tender, coin is no longer available. Please use random number generator utility.
* System Requirement: DOS 3.1, not compatible with Mac OS X or Windows 3.1 or later. Minimum RAM 648kbyte.
"
Is outside of the question. You wanting ruin everything? Coin flip giving firm binary decision, has not fuzziness of complex models economy.
No, the Fed policy error happened back on August 11, 1987.
Maybe you are correct calendar, original policy error is 23 December, 1913.
Bingo!
The amazing power of compounding errors. For interest to compound, errors must also compound.
C M B D Is?
Monetary equivalent of I C B M.
LOL! This old fuck still thinks that the Fed is relevant.
Some funny shit right there.
This guy is a senile old jew. Stupid terrorists. They always kill the wrong people. Stanley is so out of it, his brain doesn't even know where Stanley is and Stanley is obviously by now not relying on it, the sinister POS that he is. As has been stated here at ZH 100000 times, no rate hike. Dec NFP (reporting for Nov) will be back under 200k, and that will be that. These fed ppl are pure BS artists. And con artists. But my post is like reading an old newspaper.
looks like they need the decisiveness of a Gartman to set things straight.
December will be WONDERFUL!!!
If the Fed raises rates we finally get the massive deflation that has been soooo patiently waiting in the wings.
If there is no rate increase, the Fed will never be listened to again. No one will believe them or buy their albums. They can go sit on the 'one hit wonder' bench with Flock of Seagulls and Mungo Jerry.
no one listens to them as is. And those that do fall into 2 camps.
1) they dont believe a word they say
2) they believe every word they say
So I dont see how december will change anything. No matter what happens. its not even a full 1%.
Fucken dopes have backed themselves into an epic corner.
There is a way that seems right to a man, But its end is the way of death.
An ungodly man digs up evil; and it is on his lips like a burning fire. A perverse man sows strife, And a whisperer separates the best of friends. A violent man entices his neighbor, And leads him in a way that is not good.
Look also at ships: although they are so large and are driven by fierce winds, they are turned by a very small rudder wherever the pilot desires. Even so the tongue is a little member and boasts great things. See how great a forest a little fire kindles! And the tongue is a fire, a world of iniquity. The tongue is so set among our members that it defiles the whole body, and sets on fire the course of nature; and it is set on fire by hell. For every kind of beast and bird, of reptile and creature of the sea, is tamed and has been tamed by mankind. But no man can tame the tongue. It is an unruly evil, full of deadly poison.
The Feds need 'something big'
It does not matter what it is but if 'something big' happens they will have a reason for doing what ever they decide to do (or not do).
indeed
So does the CIA. (see my post @ The Lone Ranger). The Fed and the CIA teamed up.
When you see the markets are up at the same time volatility is up (like today); you know there is some confusion going on. However it appears at the end of the day, the volatility won the day by a "hair", but this is an unusual phenomenon that has become more common and shows cracks imo.
He that controls the shadows and the printing press will dictate policy. Note that the Central Planning is not even hidden; just look at the verbiage used. If we do not routinely exercise discernment, these things will go unnoticed.
It is incomprehensible to me why we would have an Israeli as the Fed VICE-chair?!?
What was his last position in the Israeli govrnment?
because its no longer America..... if anyone hasn’t noticed? We have been taken over by our GOV and this FED for sure, just think about it, Assault on Free Speech, Gold, Silver, Jobs, Taxes, Healthcare, Sovereignty, Privacy and Freedom in General? I almost forgot GUNS! Its everything America stands for? We used to enjoy these "Freedoms". What have they left out? We are under attack by these people...PERIOD.
If they raise rates when they know they cant, in other words if they do it to try to "fool" the market, I think we are entering criminal territory, if we are not there already. Is it me or is this shit "normal"?
Your a liar Fisher. If you could raise rates under any senerio, you would have done so. This fucking game is all about manipuating the markest and the gig is up.
The dual citizen Fischer laughs at the stupid American goy while he rapes the nation only then to escape to his real land of allegiance, Israel.
Must be in Hebrew
Reminds me of this onion article . ?subject=Manager Achieves Full Mastery Of Pointless Managerial Jargon&body=http://www.theonion.com/r/2622
CHARLOTTE, NC—Coworkers knew James Atkins had become a virtuoso of business jargon when he asked the group to participate in a "targeted brainstorm by EOD."via theonion.com
enni, meenie, minee, mo. END THE FUCKING FED.
I thought you were going for, "mene, mene, tekel, upharsin." Which too, would be appropriate.
Then again. LSMFT.
Derivatives sensitive to rates much?
Go back to Israel fucker...
I want "Fisher" back.
Federal Reserve: "HOUSE of TARDS"
http://iamsully.com/?p=15174
"The (hyper-financialized) economy" has never been better . . . for the top 0.001-1%, which is the way it must be . . . and same as it ever was . . .
If it is not clear by now that these people need to be removed immediately, then we deserve everything that will happen to us and even more.
He'd be better off pretending to be about to pass out at the podium. Works for Mr. Yellen
"well The ECB, BoJ, PBOC aren't so that means The Fed will?" >> are you so sure? ;)). Schiff was saying long ago that other CB`s will likely do it before FED - which will launch QE4. Now THAT would be a shocker, imagine market moves.
This guy talks like a teenage girl, can't get a straight answer out of them.
Call me...maybe
The long time promised rate hike in America is one of the most bizarre case I have ever been watching in the history of economics.
The comedy, the game, the intrigues, the manipulations, the lies, the play with words and wordings and the different FED actors strategic public hinting , as well as the hords of experts analyzing every single thing they utter down to the last comma and period. It has it all and it is going on and on and on. It’s a complete farse and it’s getting better and better as we go.
I really hope somebody would make a TV series about it all. It has the potential to be the greatest comedy of all time, perhaps even better than ‘Yes minister’.
Not in a million years will the Fed ever raise rates again (unless it benefits the big banks).
By the way have you seen the FBI's Real Top 10 Most Wanted List? Guess which Fed Chairman is listed?
https://mega.nz/#F!8tkBgAIR!b2bzMlHp1S3ftfqfKNX-kQ
Who else made the top 10?
a longshot reason to raise rates
In mid December the vote to extend sanctions on Russia will come up before the EU. (I believe the vote has to be unanimous.) There are a few smaller members who have wanted to end them, but were afraid of the wrath of the US.
Now it appears one of the largest EU members, France, is ready to end the sanctions.
The US also has its own sanctions against Russia, which if it ends them simultaneously, prevents the perception of a rebellion of the EU.
But to the point.
The screaming and hollering about the end of sanctions and how that will effect the EU and the global economy should tickle the clit of Wall Street, start another rally into a higher trading range and maybe after the New Year -- I am going to say it -- force the Fed raise rates before our economy overheats.