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Fed's National Activity Index Plunges To 6-Month Lows As Yellen Hikes Rates
It would appear that The Chicago Fed's own National Activity Index (CFNAI) is not part of the The Fed's "data" that it is so "dependent" on. CFNAI has been in contraction (sub-zero) for 9 of the 11 months of 2015 and today's November print, missing expectations once again, tumbled to its lowest since May.
It would seem like Fed rate hike timing is questionable at best?
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MOAR NIRP!
MOAR MIRTH!
MOAR WTFDoUBelievethatShit?
1937.
In the spirit of Christmas, those sure are purty red candles
Well played, Old Yeller. That's why you have the high position.
No problem that more QE and NIRP cannot cure
Padma Lakshmi for Fed chairwoman!Dear Wall St.,
There is no more milk left for you!.
Love,
Padma
Probably how it happened in the 30s.
Yes, it was. Andrew Mellon decided that the best way to do something or other was to hike rates and drain reserves form the system which sent the economy into the second leg of the Great Depression.
Talking about the Great Depression, maybe this should be the Stupendous Depression.
Only reasons it don't look the same is the bread lines are electronic (EBT, etc.) and the MSM propaganda and perceptions management is thus moire influential as we don't see the lines. Hell, cities are even moving the street people to selected locations (camps, the start of the camps. Same thing Nazi Germany did.... think about it or better yet read the first 164 pages of The Rise and Fall of the Third Reich... only the dates and names have been changed to protect the guilty)
How about the "Depression Whose Name Must Not Be Spoken"? The social safety nets we have now give the banksters a free hand to let her rip...
Complete uncontrollable death spiral since Obamcare. America's last few bucks sucked into insurance companies so they can buy bubble stocks of collapsing companies. Thanks Obama. Maybe you just need to lie harder?
FED's decision to raise rates NOW was not dependent upon economic data.
The FED makes decisions based upon many more factors than economic data, and those other factors are NEVER reported to the public by anyone by any means, not even the FED's unofficial WSJ mouthpiece.
I predict that the FED will also hike again at the Mar meeting, almost regardless of economic data.