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Fed To Hold An "Expedited, Closed" Meeting On Monday
Given how awesome everything appears to be, judging by stocks and the tidal wave of FedSpeak of the last week confirming that rates are rising in December, we found it at least marginally 'odd' that out of the blue, The Fed would announce an 'expedited, closed' meeting on Monday...
As we are sure to be told: "it's probably nothing!"
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"it's probably nothing!"
"it's probably something!"
Judges 15:10
"And Samson said, With the jawbone of an ass, heaps upon heaps, with the jaw of an ass have I slain a thousand men."
Hilsenrath?
Liesman
Note; congress wants Fed profits to fund highway and infrastructure
Good luck! Janet panic puke
Doesn't the fed already remit their profits to the treasury? (less their member banks 6% guaranteed dividend?)
congress wants a cut of the 6%.
Draghi?
four day weekend coming up
If you hold $4.7 trillion in low interest bonds and third wold countries are dumping $11 trillion what would you do?
Watch the show. lol
How do we hide City of London ownership?
Notice everyone assumes something ominous. Article leaves out how often this happens. Maybe it's fairly normal.
Surprise... handing out bonus checks early this year. Pop champagne corks and let out the strippers.
"On Monday" [the 23rd]
Numbers 1, 6, 11, 13, 17, 22, 23, 26...
Nah, it's just coincidence....every month.
"Ordo ab Chao", bitchezzzzz....
They're figuring out their escape plan after the Obama is out of office and the world economy crashes and we find out the truth...they are trying to identify a country where old white people will fit in and where there is no piano wire...
reserve cutbacks = put your twenties in Janets thong as she has taken over stripper duties.
"How do we hide City of London ownership?"
Arrgh, make 'em walk the plank, Admiral!
Admiralty Law?
year end bonus discussion
"Doesn't the fed already remit their profits to the treasury?" (Laugh Track Deafening)
What audit? When? Where?
The money Congress wants for the highway bill comes from a $29 billion "capitalization" fund maintained by the Fed.
Don't know why they'd be bothered. It's just a couple keystrokes to refill it. ;-)
Yes, the Fed will soon begin a nationwide public works program using its profits instead of returning the money to the Treasury. Since the projects will not be subject to the environmental review process (as they would if Congress was involved) the funding can get to the construction phase much sooner.
Use Syrain refugees to work on highways and infrastructure
IED at every 1/10 mile marker.
Inshallah infidel.
Hilsenratass
Actually, years ago this was the procedure when one or more of the regional banks wished to have the discount rate changed.
Usually wasn't too much of a deal back then, but what with our Zero-Bound Policy maintained by Zero-Intellect Academic Geniuses, who knows ....
Moreover, who the fuck cares at this juncture.
Anybody thinking that rates need to be raised for any "normal" reason of "too hot economic growth" or "too high inflation" or "rising inflationary expectations" is an idiot.
Better theory -- new house speaker has been talking about fed audit bill. This meeting is to plan a show of force. Something to spook the markets and create urgent calls to congress.
Maybe the algos will be turned off for few days, or maybe there will be a rate hike.
wtf does 'audit the fed' even mean?? who the fuck do you think theyre serving? The people who need to know what their books look like already know what they look like.
Its a fucking show to make the idiots think congress isnt part of the problem. congress is painfully aware that raising rates will bankrupt the govt in a moment.
A downvote for the potty mouth. This is a Safe Space and I, for one, am offended that you use gender non-specific reproductive language without considering how it will affect the feelings of the bi, transgendered and omni-sexual individuals who may read your comments. Shame on you. "Can I get some muscle over here?"
"This is a Safe Space"
And I am offended that you used the word "offended"!
Your request for "muscle"..are you a Rabbi or Priest by any chance?
And I am offended that your offended that he used the word "offended"!
My guess is that they are trying to figure out how to retract the offer of a hike. Perhaps another terrorist strike in Belgium will give them an excuse to postpone once more.
The kabuki is getting mighty spooky...
Spoctor Din
i, too, am offended that you use the words "retract"
and "hike" in the same sentence. then you compound the
offence by slipping in the terms "strike", "postpone"
and reveal your real cultural ignorance and unsafe
insensitivity by associating
"kabuki" with "spooky". please, slow your spin dr. or it
is back to indoctrination school for u.
(nice rhyme though)
.
i read somewhere the fed will never raise real rates
ever again, not till the post petro-dollar is
completely worthless and dead-replaced. i will
wait to see. no offense intended by using the
word "petro-dollar", "wortless" and "dead-replaced"
in the same sentence.
,
you can't slam a revolving door but that doesn't
mean it won't be broken.
off the rails....
Damn, I've been busted,,,
Spoctor Din
Well.
Dead Fred.
I am offended at your gratuitous nanny state lib tarding treatment of American colloquial language.
This is not Safe Space. This is Fight Club. Someone gave you faulty directions, I fear.
This is no place for RAMA LAMA DING DONG rainbow skittle shitting unicorn klingon cocksuckers from Uranus.
Please hose down a large living porcupine with pepper spray, and jam it firmly up your man-gina, or whatever it is you call it.
" I'm a man, and I can change. If i have to. I guess. "
Uhhhh - thought about it - no.
Ryan is a cocksucker and is just going through the motions. Obozo has already said he'll veto anything of the sort.
Mr K, with all due respect, many pensions and insurance companies are adversely affected by the financial repression of rates. Also grandma and grandpa. Many, many people need the income and guarantees in the latter part of their lives. Rates should reflect the real risk premium not an artificial construction designed to keep debtors solvent. Or, for that matter, the U S Govt's ability to service its debt in a way that is politically acceptable.
"Rates should..."
http://humansarefree.com/2014/09/the-top-of-pyramid-rothschilds-british....
Majestic12 - from your link, i may have noticed before, but for our Unicorn lovers here at the Hedge, it's interesting to see the Crest (is that the right word?) - yes, it is I just looked it up - anyway, that's not the City London crest, has a Unicorn opposite a dragon.
The City of London Crest has two dragons -
any help on deciphering the crest from the link would be appreciated.
Dragons and Unicorns are offensive. Please refrain from using those terms in this Safe Zone. Thank you.
Greenhead...
A whopping $600 Trillion in DERIVATIVES are directly tied to the Ten Year Note.
How much real money will be transferred due to a 25 basis point hike?
It is NOT NOTIONAL. It is quite REAL and it will be an expenditure or gain depending upon your position.
$1.25 Trillion...per year...or so. (What's a few Billion amongst friends anyway?)
What do you think that US GDP is? $16 Trillion or so.
What PERCENTAGE of US GDP does that $1.25 Trillion in costs represent? About 8%.
Well half are on the short end and half are on the long end of that transfer. That is roughly 4%.
So you can subtract that 4% from the "growth" in the economy next year. We will run a NEGATIVE 3% GDP next year if rates rise. Our economy will contract and that will be an INSTANT RECESSION. It will tank the STAWK Markets.
But it gets even better. You know that if people can garner an extra 25 Basis Points out of the BAWND Market they will sell there existing UST and by the ones issued at a higher rate.If I had just a coll $1 Million invested in the 10 year that 25 basis point rise garners $25,000 per year. Over 10 years that is equivalent to a $250,000 HOUSE. That certainly is cheaper than financing a House on a Thirty Year Note.
Thanks Uncle Fed...FOR THE HOUSE(S).
But of course the BAWND Market tanks as it is FLOODED with lower yielding Notes.
Yeah. Go ahead Janet. Raise those rates, pleeeeeze.
Take down the STAWK Market and the BAWND Market with one action and totally collapse this shitshow.
Pleeeeze Janet. Raise those fuckin rates.
But that's exactly why they can and will never raise rates
At some point the market might collapse anyway, but the FED will never take the blame, they are going to be the glorious saviour with NIRP or some other retarded idea how to "save" or rather maintain those insanely inflated stock valuations
The Feral Reserve members must pray every night for a terrorist attack on US soil so they'll have something to blame the crash on.
there is a difference between prayer
and orchestration though the two are
frequently related.
+10,000 The amount of wealth generated for the oligarchs by the derivatives market on a monthly basis is beyond obscene.
Hair on Fire bs ! A 1/4 pt isn't going to "call-in" any fking derivatives.
Okay. Then we need to raise them.
Let's experiment. Why not? There are only human lives at stake.
I am positioned for any outcome. Are you?
Let's raise them. You think that I am jesting?
I AM MOST DEFINITELY NOT JESTING.
Let's bring this shitshow to an end.
And you...yes Y...O...U, will see what real want is all about.
Damn. I cannot wait for the lack instead of plenty.
I cannot wait for the breaks in the supply chains.
I cannot wait for the bans to fail...and the money printing afterwards to stave off the massive deflation caused by this idiocy.
Then YOU will know just what Argentina is all about...as you, for the first time in your life, experience the ravages of a hyperinflation.
So you are mistaken if you believe me to be jesting.
What is funny is that it scares the shit out of you because you cannot argue AGAINST THE MATH. You could not even put up a Mathematical counterargument.
Math is the basis of RATIONAL THINKING. You are emotionally operant as you resort to denial, rather than rational.
But the NUMBERS do not lie, do they?
There is NO WAY OUT. They are going to fuck all of the savers...unless you are outside of their counterparty risk.
They are in a Credit Trap. There are NO WINNING MOVES.
THERE ARE NO SOLUTIONS as EVERY SINGLE Partition has been VIOLATED. Partial Differential Equations have solutions within distinct Boundaries and when the Boundary Conditions have been violated one gets divergences and runaway recursive functions.
And you haven't a fucking clue about that which you are writing. You are just another fucking INNUMERATE. You are on a FINANCIAL WEBSITE and this is NOT Yahoo. Numeracy is a REQUIREMENT as that is thelanguage of Finances.
Raise those rates Janet Yellen. Pleeeze raise them.
In the wake of this weekends upcomming ISIS attacks, I believe it may actually be to implement NIRP.
Glencore collapse meeting perhaps?
Wishful thinking?
I hope that Glencore implodes down into a smoldering ash heap....just like the World Trade Centers.
Knukles: "Anybody thinking that rates need to be raised for any "normal" reason of "too hot economic growth" or "too high inflation" or "rising inflationary expectations" is an idiot."
How about raising the interest rates because the economy has been gasping for fiscal air for the last seven years due to ZIRP's negative effect upon the all-important money multiplier effect of interest income, which is a key diver in a healthy economy?
The "miracle of compound interest" isn't working for anyone but the moribund TBTF banks.
Talk about idiots! Zippy the Pinhead, you can call yourself Knukles all day long, but at the end of the day, you're still just the same old sweating, blushing Zippy the Pinhead.
China about to massively dump more treasuries and devalue?
Probably.
Maybe they finally discovered the vaults at 33 Liberty really are empty after all.
Oh well, let's party!
i get a chuckle out of people who say china is devaluing. look at the yuan realative to the Euro, Canadian Dollar, Indian Rupee, or Brazil Real and tell me they are devaluing. Thats just MSM here in the US, i would have thought Zero hedgers would know better.
It's probably NIRP + cash ban.
After Turkey day you'll be required to turn in all your cash.
I'm guessing NIRP + reestablishing ISIS funding.
NIRP + QE + new chrome grill guards for the ISIS 'Yotas.
Cash ban, huh? I still think it's too early for everyone to g oalong with that here. It is very interesting that they rushed out all these chipped cards though. Oh well, let's get it started. I'm as ready as I can be at this point
From what i read the chipped cards don't really enable much more tracking than was availiable under the old system. Fraud prevention and quicker settling of payments were the big changes. And I'm sure there were multiple federal mandates that were satisfied. Because, government.
Seems to be one of the guidelines of our self appointed overlords. It's not wise to spook the herd during the holidays...too many variables and unpredictability. Let them focus on being good consumers and stuffing their faces. However, it is certainly permissable to meet and decide when to drop the hammer during the holidays.
Can't turn in something I don't have because of these fuckers.
They are going to bail out the Etrade KBIO short.
All I want to know is when do we get to borrow money at negative interest, like the governments?
After they've stolen what is left of every retirement account.
And ship every bar of gold out of the country
I would gladly let you pay me a hamburger on thursday, for a hamburger today.
Sign me a for a few $trillion.
i think he counts as "small enough to fail"
Fuck me, that Gofundme shit really does work!
Ok. I'm in Vegas and I'm on a hot streak. I can feel it in my bones.
All I need is a little cash....
I didn't know they had a stockmarket in Vegas. ;)
Well they do have a Casino on Wall Street in New York City after all.
Surprised?
You referring to a GoFuckMe account?
If it was during the weekend I would be interested. Otherwise , pass the stuffing.
Not a weekend but it is before the longest US holiday....hmmmm....
Ruh Roh Raggy
'We better raise interest rates now so we can cut them again in December'
That's about the total extent of the Bullshit being floated about these days.
Moreover, assuming that raising them a nickle (.05, or 5 bips) is gonna make any difference when they need to ease later on.
World's falling apart and the Fed makes a "Big Fucking Deal, Mr President"* to lower the Funds Rate by 5 basis points.
Hah ha ha ha ha ha ha ha ha It's Amateur Hour!
* Joe Biden to Barack Obama in the passage of whatever landmark legislation it was that didn't work.
'We better raise rates just before a Black Swan event so that can be blamed for the crash. Nobody will then blame us for 'saving' the economy by rescinding the pissy little rate rise and bringing in NIRP and moar QE.'
Pay no attention to the choppers leaving for those private islands...
hunt every federal reserve board governor, since Kennedy, down and execute them already. Restore mark to market and Glass Steagall.
Might as well get it over with.
I haven't had THE call to round up children,grandkids, and family heirlooms LoP.
Everyone on ZH will be the second to know when I do.
I'm convinced that if you were able to examine all the Fed Board's communications records (like a certain three letter agency no doubt can) you'd find a common link (or two) outside the Fed -- and that would be the actual threat to the markets.
While the people we can commonly name are willing participates to this disgusting hijack of the markets, let's not kid ourselves that there isn't a set of much bigger fish with no names issuing orders. At this point I don't even think they're part of the deep state, that those guys are getting orders from them as well.
"a set of much bigger fish with no names issuing orders."
They have names: Anu, Enki, Enlil, and all their descendants - the Anunaki...
Glass-Steagall is nothing more than another regulatory load of shit. Fed/FDIC gone tomorrow = not future banking crisis. Glass-Steagal, the call of mental midgets who never analyzed a bank in their lives.
Exactly, no need for Glass-Steagall when banks have to risk their own capital, regulations won't fix jack shit.
Yes and partnerships return where partners are personally liable for all company losses. Now that would get you some prudent and responsible business practices.
Where did you learn this nonsense?
Look at the game tape!
Those choppers are headed to the FED dollar warehouse...they are pickup the bales of dollars
Aren't all their meetings 'closed' ?
Of course their meetings are closed. Just like their books.
So?
It's not like they are a public entity.
Sheesh.
But, but... the Federal Reserve website says:Government in Sunshine Meeting Notice
http://www.federalreserve.gov/aboutthefed/boardmeetings/20151123advexp.htm
Maybe the Mariner Ecclecsiatial building needs to be renamed to George Orwell building.
the george orwell building in the
land of gladio.
Rate hike on Wednesday. And many more after that. I think the Fed is about to flip over the Monopoly Board.
Who do you owe money to?
No way will they flip over the Monopoly Board while Obola is in office.
Helicopter drop to save save xmas
Quantitative Pleasing
Quantitative Wheezing.
MMM........more monetary masturbation
trav7777
Fri, 01/08/2010 - 17:28 | 187571 trav7777''Fundamental misconceptions abound: debt is not investment. It only is so long as you assume aggregate growth to repay the loan.
The contractionary future imposed by energy peaks and declining EROI mean that lending in the aggregate is foolhardy as an economic proposition. Thus, speculation and leverage but nothing else.
We got used to borrowing as a means to fund future production - in fact China is this writ large - instead of using productive savings to do so. Everything revolves around an attempt to get risk-free return, to have money make money by being idly parked in some "vehicle" which pays a coupon.
The contractionary nature of the post-Rome world is why debt usury was outlawed.
All debt needs to be converted to equity, and the notion of lending to a government to be backstopped by inevitable GDP and tax receipts growth brought to a final conclusion. This means we have to destroy central banks and revert to Colonial Scrip which was a Real Bills Doctrine currency regime.
Banking is a racket...money should not be permitted to "make money" without risk or based upon a presumption of perpetual growth. Every experiment with Central Banking or lending to sovereigns has ended with a gigantically indebted sovereign and a need therefore for growth and strangulatory taxation.''
http://www.zerohedge.com/article/consumer-credit-plunges-175-billion-con...
You may enjoy: http://www.globalresearch.ca/extraordinary-times-intentional-collapse-an...
A bit long and meandering, but good.
Interesting, and that was written before the age of Obama - a lot has changed, would like to see them update it now!
Quantitative freezing according to the weatherman
We are fresh out of Happy Endings but have a few Crappy Endings if you're interested.
The Onion had this one nailed in 2008 with the Money Hole.
http://www.theonion.com/video/in-the-know-should-the-government-stop-dum...
Not a bad call at all, with all the other indicators showing a completely shitshow (BDI, Oil, cargo carriers, etc) I suspect the Fed is seeing data that's identical to the 2008 collapse.
I'm not sure they can do the drop fast enough for Christmas, though, that's barely a month away and spinning up check printing to get it into people's hands by say, 12/20, would be a complete bear. I think the Bush stimulus took nearly three months to distribute. And we'd still have to have Congress vote on it.
If it's not a helicopter drop, it's probably deciding how to handle FX intervention given what's going on outside the US.
Just to save us from a red Friday.
Thanksgiving week when so many people are traveling and Th and Friday are holidays for many. Hmmmm they could not be planning something could they.
Like, maybe, a Bank Holiday?
"Due to the addition of theYuan to the SDR, the FRN is now dropped 40% in value, and, oh, yeah, turn in yer gold!"
Confiscating gold is too much trouble, some of you lot have guns. Theyll just magically turn your 401ks and IRAs in govt. IOU nothing accounts.
Don't laugh in Poland gov. stole 75% of polish equivalent of us 401k.
And ou supreme court decided it was right thing to do :(. now they are about to take rest of it.
USA is not as wild as you might think.
Argentina took 100% of pension accounts after they defaulted on their debt.
DEATH TO THE MONEYCHANGERS...
is it time for the rally in the Dow and S&Pee yet???
What a great time to change rates...right before a major holiday, people will be travelling and not paying attention. By the time the sheeple figure it out it will be too late to get out. Sell Everything!
Expedited Procedures seems like a euphemism for Emergency!
With the market up on last month's Hawkish FOMC minutes they figure "why wait?"
they are shredding the real minutes of their meetings and deciding who should be the recipient of a nail gun
Watch yields on the long side. It is there that will first be seen the early signs of the wheels coming off.
There must be some differences be debated amongst the Fed members as to who they are picking for the NFL games on Thanksgiving Day?
Or they are planning a big Black Friday sale to offer to the big banks next Friday?
Or they really are going to start buying stocks and ETFs?
How to avoid being audited and exposed.
I'm sure it's nothing.
Isn't that something?
truth be told somebody got some killer pink cocain from some dude from Panama that lives in Jamaca and they are gonna do blow all fucking day and hope they magically dont have to acutally do their job because they know how fucked up the shits about to get........
ISIS - wake early on Monday
Maybe they will be announcing a bailout for Joe Campbell!
Well they have a tough choice to make. Either go cashless or introduce the new 200 dollar bill. Dont worry though it will have the same buying power as the older 100 dollar bill.
/dripping with sarc.
Dear leader will nominate a Nobel Peace prize winning president not named Jimmy to be placed on front of the bill
Chewbaka?
She didn't get the Peace Prize; she got the Angry Lady's Lunch Menu Award
And then appoint himself to the Supreme Court
so are they hoping to sneak a hike in as people are leaving to travel for thanksgiving & mitigate drop(s)?
SELL SELL don't wait until monday
a sudden change in plans
something happened in the timing of the planned implosion
unforeseen supersonic "transitory" blip
So what is the consensus on this meeting? Seriously?
Rate hike or NIRP?
Maybe raise rates 1/8th of a point next week and then another 1/8th point in December?
Thoughts....
It's about some of the Regional Banks wanting to change their Discount Rates. (The regions can all actually have different rates, by the way, but usually is done uniformly across all regions)
Here's a sample of what's what, methinks, via an older article from the WSJ
http://blogs.wsj.com/economics/2015/04/14/two-fed-regional-banks-shift-p...
Whatever it is it gloves with hand because the markets are zooming. Bet our asses the insiders are buying for a reason, and that reason is stawk friendly.
finally FED tells us they threw the regression model out the window 15 yrs ago; no more M1, no more I, no more C. Just G..
Up a bit to enjoy the Holiday debt binge cushion then have somewhere to go.
The last time they had a double secret probation meeting the following Sunday night they slew the evil Osama and smashed gold and silver to a bloody pulp. El Presidente was at that one, though.
That pile of silver shorts for December is staring them in their inner-bred faces.
Federal Open Market Committees that have absolutely nothing to do, from time to time, enjoy pretending that their inaction is so important that it must be kept secret from economists around the world.
If this inaction excites the interest of the MSM about whether or not the Fed is going to raise rates 100 percent (from 0.25% to 0.5) maybe the phones of the committee members, will start ring toning again and invitations to dinners at expensive steak houses will clog up their calendars again like the good old days.
They can cut rates to NIRP on Monday. then raise them 1/4 point in Decembr.
This will allow them to save face and still accomplish objective
BTW, CNBS covering this "BREAKING NEWS"??
They will announce that because of our fine economic recovery, rates will be raised -.5 percent.
And chocolate rations will be increased from 25 grams to 15 grams.
.25 but yes.
The cover of xmas gives them cover. Shit they may raise again in feb/mar before seeing indicia of cooling and bring it back down.
The dollar has to last long enough for the oded yinon plan.
A 4 day weekend is plenty of time to clean a sufficient number of reirement accounts...
they're trying to decide which FED banks have empty space for refugees. Maybe they can refurbish the old gold vaults
Didnt you get an invitation? The updated newsletter for HFT rules regarding ISIS attacks and WWIII threats hits the "closed" newstands Monday.
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises
Never get tired of reading that.
they may just be looking for a respite from the boredom of debating 25 bps for years
Janet - the Comex is out of Gold!
Oh, f*ck - let's have an expedited meeting next Monday!
Same as you enter empty mcdonald and you scream: PPL there are no hamburgers at shelf! :)
There are no hamburgers becouse noone ordered em, and restaurant is empty buy you screaming and stuff working there watching at you like a idiot.
Nah. They're beginning to come to the realization that they are soon to be exposed for what they are; a criminal cabal set up to fleece the common American. They are meeting to see what can be done quickly to minimize the damage. IMO its too late for them. The gig is up...
Could it be .... see
Transparency At The Fed - Why Is Janet Panicked About The House's FORM Act?This means nothing since they have these meetings every month. There have already been two this month and there were 5 closed meetings in October and 3 in September. Just take the time to investigate a little! http://www.federalreserve.gov/aboutthefed/boardmeetings/201511.htm