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"It's Clearly Time For A Rate Hike"

Tyler Durden's picture




 

Below we present total business sales, which just dropped another 0.2% in October to $1.317 trillion - the lowest since March and down 2.7% from a year ago - without a comment (we have said all there is to say about the US already being in a recession), suffice to say: clearly the time for a rate hike that "boosts confidence in the economy" has come.

 

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Fri, 12/11/2015 - 11:18 | 6910151 Bob-Ross-Yo
Bob-Ross-Yo's picture

Welcome to the twilight zone

Fri, 12/11/2015 - 11:19 | 6910161 kliguy38
kliguy38's picture

You all need to ignore what you can see and BUY BUY BUY......hehehehehehehehehee

Fri, 12/11/2015 - 11:26 | 6910207 Truther
Truther's picture

We've squeezed some folks.

Fri, 12/11/2015 - 11:33 | 6910251 pods
pods's picture

Come on Mr. Yellen, toss that drowning man an anchor!

Fri, 12/11/2015 - 11:38 | 6910280 NoDebt
NoDebt's picture

"Call the doctor, I think I'm gonna crash.  Doctor says he's coming but you gotta pay him cash."

 

Fri, 12/11/2015 - 12:31 | 6910615 KnuckleDragger-X
KnuckleDragger-X's picture

Kick it up 300 bps and let's get the party started.......

Fri, 12/11/2015 - 11:51 | 6910359 tmosley
tmosley's picture

Keynesians might just think that was a good idea. It would help him to breathe more and harder, which is a symptom of being alive.

Fri, 12/11/2015 - 13:57 | 6911060 nuubee
nuubee's picture

lol, that just never gets old.

Fri, 12/11/2015 - 11:31 | 6910237 two hoots
two hoots's picture

Hillary and her crystal ball:  Some 'splain to do?    It's all bedknobs & broomsticks.       

U.S. Democratic presidential candidate Hillary Clinton said on Friday that world financial markets have "already processed" a possible interest rate hike by the Federal Reserve.

"The Fed has been signaling this for a very long time if they do make this decision by the end of the year ... I think the markets in the U.S. and the world will have already processed that and they have laid out what criteria they think should be applied," she told reporters after a campaign event.  Dec 4 (Reuters)

 

 

http://www.ibtimes.com/hillary-clinton-says-markets-have-already-process...

Fri, 12/11/2015 - 11:40 | 6910296 NoDebt
NoDebt's picture

I don't want to know anything about Hillary's bedknob.

Fri, 12/11/2015 - 11:51 | 6910361 MsCreant
MsCreant's picture

No worries, Huma has it covered.

Fri, 12/11/2015 - 12:28 | 6910596 BandGap
BandGap's picture

That was excellent. Not exactly what I would call mind candy, but excellent nonetheless.

Fri, 12/11/2015 - 12:47 | 6910675 MsCreant
MsCreant's picture

She's always there with the assist...  ;-)

Fri, 12/11/2015 - 11:31 | 6910239 two hoots
two hoots's picture

Hillary and her crystal ball:  Some 'splain to do?    It's all bedknobs & broomsticks.       

U.S. Democratic presidential candidate Hillary Clinton said on Friday that world financial markets have "already processed" a possible interest rate hike by the Federal Reserve.

"The Fed has been signaling this for a very long time if they do make this decision by the end of the year ... I think the markets in the U.S. and the world will have already processed that and they have laid out what criteria they think should be applied," she told reporters after a campaign event.  Dec 4 (Reuters)

 

 

http://www.ibtimes.com/hillary-clinton-says-markets-have-already-process...

Fri, 12/11/2015 - 11:45 | 6910332 two hoots
two hoots's picture

 

It was worth repeating. ;-)

 

Fri, 12/11/2015 - 11:51 | 6910367 MsCreant
MsCreant's picture

You gave two hoots!

Fri, 12/11/2015 - 12:07 | 6910456 Midas
Midas's picture

When it comes to finance, I think Hillary should stick to cattle futures.  It seems to be a sure thing for some reason.

Fri, 12/11/2015 - 12:37 | 6910656 MsCreant
MsCreant's picture

Well she is a cow...so she has that going for her there...

Fri, 12/11/2015 - 11:20 | 6910174 order66
order66's picture

We got here with ZIRP. What good does it do to keep it going? Negatives outweigh the positives now. Ratchet to 1% is a done deal.

Fri, 12/11/2015 - 11:25 | 6910201 Truther
Truther's picture

I think the Fed is ET.

ET, Go home.

Fri, 12/11/2015 - 11:29 | 6910225 NotApplicable
NotApplicable's picture

The day the can stops being kicked is the day that WWIII officially starts (as well as the New NWO). Since I don't watch CNBS anymore, I can no longer tell if the fall guy has been setup for GS and JPM to "rescue" yet in order to get the next chapter of this story started.

Given the leverage provided to debt growth via ZIRP, there simply is no way out other than total destruction of the monetary system. (Mises told me)  All in all, it's going to happen someday. Question is, what day has been planned that benefits them the most?

There is no back, there is only through.

Fri, 12/11/2015 - 11:19 | 6910153 Occident Mortal
Occident Mortal's picture

Let them eat cake.

Fri, 12/11/2015 - 11:19 | 6910155 MANvsMACHINE
MANvsMACHINE's picture

Clearly time to continue the lies...

 

Extend and pretend.

Fri, 12/11/2015 - 11:20 | 6910165 Temporalist
Temporalist's picture

I'm konfident about keynesianiam kollectively koralling this eKononmy!

Fri, 12/11/2015 - 11:20 | 6910166 katchum
katchum's picture

Time to hike rates to purge all those phony businesses.

Fri, 12/11/2015 - 11:30 | 6910231 NotApplicable
NotApplicable's picture

You really think that would end the Fed?

Fri, 12/11/2015 - 11:22 | 6910183 buzzsaw99
buzzsaw99's picture

I remember when the Bernank jacked rates to 5%+. Good times, seriously. That was the last time I got a decent return on my money market. It sucked bad when it went back down.

Fri, 12/11/2015 - 11:41 | 6910304 The Merovingian
The Merovingian's picture

You will be telling that story years from now and jaws will drop and naysayers will doubt you because all they will have known is negative rates and out right oppression on all fronts. The great taking is about to kick off in earnest. I miss those rates too, BTW.

Fri, 12/11/2015 - 13:07 | 6910827 Dragon HAwk
Dragon HAwk's picture

Had a lady friend back a while she was earning  14% on her cd's she worked in a factory, told me her money was earning more than she was..  Good Times for sure.. Cash will never be king again, it aint worth anything...

Fri, 12/11/2015 - 11:23 | 6910194 firstdivision
firstdivision's picture

We are 1970's USA, is Yellen a modern Volker?  That's a question that needs answered.

Fri, 12/11/2015 - 11:38 | 6910284 Bastiat
Bastiat's picture

Modern Volcker?  Right - what would double digit interest rates do to US Budget?

Fri, 12/11/2015 - 11:24 | 6910195 NoWayJose
NoWayJose's picture

Go ahead - Hike rates to PROVE the economy is going strong! Then we'll see if the Fed is right or if ZH is right!

Fri, 12/11/2015 - 11:27 | 6910214 Truther
Truther's picture

>ZH is right

>Fed is right

Fri, 12/11/2015 - 12:34 | 6910628 Uchtdorf
Uchtdorf's picture

It's more correct to say the Fed is intentional. They know exactly what they're doing and that it ain't good for the 99%. But they're gonna do it anyway.

Fri, 12/11/2015 - 11:26 | 6910211 buzzsaw99
buzzsaw99's picture

MOAR, huh, yeah

What is it good for

Absolutely nothing

Uh-huh huh ZIRP,

huh, yeah

What is it good for

Absolutely nothing

Say it again,

y'all MOAR, huh,

What is it good for

Absolutely nothing

Listen to me

Ohhh, ZIRP,

I despise

it means destruction

Of innocent lives...

Fri, 12/11/2015 - 11:28 | 6910220 Truther
Truther's picture

No worries ZIRP, NIRP will be home soon.

Fri, 12/11/2015 - 11:28 | 6910221 surfvin
surfvin's picture

Let the markets have a crack at where rates should be.

Fri, 12/11/2015 - 11:30 | 6910234 Peter Pan
Peter Pan's picture

And let the people have a crack as to what should be done to politicians and bankers.

Fri, 12/11/2015 - 12:30 | 6910605 MsCreant
MsCreant's picture

The markets have been on crack, so withdrawal will be a factor to consider before they take a "crack" at pols and bankster.

Fri, 12/11/2015 - 11:29 | 6910226 Peter Pan
Peter Pan's picture

Margin compression is by far the biggest problem facing the economy. Additional debt yileds very little additional GDP and the world is awash in manufacturing capacity. What else do you need and how the hell is a rise in interest rates suppose to cure all this?

Fri, 12/11/2015 - 11:32 | 6910242 Bill of Rights
Bill of Rights's picture

See how disconnected with reality these morons are folks, I don't know whether to laugh or cry...

 

 FBI Director thinks if you buy guns on the internet, they are shipped to your home

 

https://www.youtube.com/watch?v=nB0Yt94unQ4

Fri, 12/11/2015 - 11:45 | 6910335 The Merovingian
The Merovingian's picture

The fact checkers in the media only attack those that oppose the narrative, and never those that spew it ceaselessly and without questioning their masters. We are so fucked as a nation and as a world.

Fri, 12/11/2015 - 11:32 | 6910244 Bryan
Bryan's picture

Ain't gonna happen.  Oh, she'll talk a good game, and maybe even say that they will now hike rates.  But there will be offsets in other areas to counter any rate hike.  The market will implode, and then rocket back up when the sheep realize that QE4 is coming and rates will have to remain near zero in perpetuity, or until the debt is paid off (never).

Fri, 12/11/2015 - 11:32 | 6910245 Jethro
Jethro's picture

The real question is, will Bernanke nailgun himself if the Fed raises rates?

Fri, 12/11/2015 - 11:32 | 6910246 Thisisbullishright
Thisisbullishright's picture

As everyone on here knows....

Here comes the dow back up to only down 165 points.  PPT will do all it can to buy S&P to keep this bitch floating!

I want to see a REAL drop in this mother fucker....like 500 or 600 points!  Not this monkeying around shit!

 

Fri, 12/11/2015 - 11:47 | 6910250 Bernoulli
Bernoulli's picture

On 17 September 2015 (not even three months ago and AFTER the August 1000pt drop in the Dow) 13 of the 17 FOMC participants thought 2015 was the "appropriate" year for policy firming.

And the dot chart shows as "appropriate" target level for the federal funds rate for 2015:
0.75% - 1%: 1 participant
0.5% - 0.75%: 5 participants
0.25% - 0.5%: 7 participants
0.00% - 0.25%: 3 participants
-0.25% - 0.00%: 1 participant

13 of 17 thought the rate should be ABOVE 0.25% in 2015! The average target level of those 13 (I know, mathematically not really correct, but still) was 0.51%!!

I wonder how they are planning to explain to the masses that they've all completely changed their minds...

http://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20150917.pdf

Fri, 12/11/2015 - 11:36 | 6910252 surfvin
surfvin's picture

The former would presumably begat the latter. @ peter

Fri, 12/11/2015 - 11:34 | 6910259 Everybodys All ...
Everybodys All American's picture

It's past time to uncover this sham of a market,.

Fri, 12/11/2015 - 11:35 | 6910265 FedFunnyMoney
FedFunnyMoney's picture

The Fed won't raise rates. They are looking at all of this data as well and will kick the can into 2016. Going into a tightening cycle right now would be a 1930's level error.

Fri, 12/11/2015 - 11:36 | 6910266 Jason T
Jason T's picture

Delay .. like the Germans, they delayed to go to Russia and then they froze in the snow.. like morons.  

Fri, 12/11/2015 - 13:05 | 6910814 BiPolarFrenchman
BiPolarFrenchman's picture

Mr. Panos, is that you?

Fri, 12/11/2015 - 11:52 | 6910369 Consuelo
Consuelo's picture

How long will it take for the focus on raising rates to morph into the necessity for additional QE...?    At this rate, weeks...?

Fri, 12/11/2015 - 11:58 | 6910410 FranSix
FranSix's picture

This is not the liquidity trap you were looking for. /JEDI mind trick

Fri, 12/11/2015 - 12:19 | 6910540 Bastiat
Bastiat's picture

We raise rates only if the economy has recovered.  We raise rates; therefore the economy has recovered.  The logic is impeccable!

Fri, 12/11/2015 - 12:32 | 6910616 MsCreant
MsCreant's picture

They do reveal themselves as liars or incompetents with this, do they not?

Fri, 12/11/2015 - 13:10 | 6910844 Bastiat
Bastiat's picture

They are certianly liars.  Their real economic model is the management of perceptions: an unholy union of Keynes and Bernays.  Incompetent?  I don't know.  The dominant theory here is that it is all planned by the B.I.S. Just as the single currency was used to undermine sovereignty in Europe, so it will be used to undermine all sovereignty.  At the heart of the NWO is monetary control.  This theory becomes more credible to me every day.

Fri, 12/11/2015 - 12:29 | 6910598 die standing
die standing's picture

sqrt(1/q)*((q/512)*(z+0.1)256*sin(w*pi*(2+(62*z^3)))*sin(w*pi)1.4*cos(x*pi/2)*(.5*sin(((z*5)+1)*3*x)+.10*sin(((z*6)+1)*2*x)+.08*sin((((1-z)*3)+1)*12*x))

 

Fri, 12/11/2015 - 14:47 | 6910640 MsCreant
MsCreant's picture

Off in the distance you hear a hollow scritchy female voice:

"Oh wow, look at this market. Do you wanna take a bath?"

Edit: [Pink Floyd's "One of my Turns" is playing: "Day after day, love turns grey, like the skin of a dying man"]

Fri, 12/11/2015 - 12:36 | 6910648 DontFollowMyAdv...
DontFollowMyAdviceImaDummy's picture

everything is awesome so jack it to 5%!!! DO IT DO IT DO IT!!!

 

what do you mean unicorns don't exist?  my Fed data says otherwise...

Fri, 12/11/2015 - 14:15 | 6911136 Bastiat
Bastiat's picture

We are coming off the roller coaster peak--hands in the air!!  Weak prediciton:  things will accelerate enough to give the Fed the excuse they need to delay.  Market will rally . . . but not for long.

Fri, 12/11/2015 - 14:49 | 6911261 MsCreant
MsCreant's picture

I will be stunned if anything different will happen. Then a new news cycle will happen, other stories will emerge, and then they will play this funky music, white boy, again.

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