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There's this - *LOCKHART: FED RATE RISE WAS VOTE OF CONFIDENCE IN U.S. ECONOMY
And then there's the market's reaction to this "vote of confidence."
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Amazing how the bounce occurs just before it's about to dip below yesterday's close.
Confidence my ass…
Instead of using the C-word, they should use more S-words, like “Safe”, “Secure”, “See Somepin’, Say Somepin”… ;-)
Looney
PFFFTTT!!! Lockhart your a dumbass!
Channeling the ghost of Hugo Chavez......
Somewhere in this is a "since Lehman" observation. Tylers, you have your afternoon assignment.
So the Fed fund rate has been changed though? Even with UST rates dropping the Fed did indeed raise rates?
Open question.
The question is, is it in their magic models? You have to remember the modern Keynesians only see the parts they want to see. It's like the MSM newscasts, it's only news if they say it is......
Sort of like buying Superbowl tickets because you want to show your home town team(Atlanta) that you have faith that they can make it to the big game, and they are not even in Wild Card contention.
WTF are interest rates anyway in a 100% controlled and corrupt system?
Worst Christmas present ever.
The "rate rise" was a confidence trick.
Rates don't really rise until liquidity is drained.