Atlanta Fed Explains Why It Waited Until The Market Close To Reveal The Lowest Q4 GDP Estimate Yet
As we noted earlier, the Atlanta Fed waited until the market close to reveal its most dire GDP estimate yet: a paltry 0.6%, matching the 0.6% recorded during the "harsh winter" first quarter: one could be forgiven to think that during today's already chaotic selloff, the last thing traders and algos needed was news that US economic growth had ground to a virtual halt in the quarter in which Yellen decided to hike the interest rate.
Moments ago the Atlanta Fed was kind enough to explain the reason behind this surprising delay for a report it usually releases before noon. The answer: "technical delays" and "nothing nefarious."
@zerohedge Apologies for the late-day data release. Nothing more nefarious than technical difficulties, which we believe have been resolved.
— Atlanta Fed (@AtlantaFed) January 15, 2016
Thanks for the explanation.
(49 votes)
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I prefer the more familiar 'Chimpfucker'.
How about assmonkey? Has a nice ring to it.
This the best shit I've seen all year! Perhaps ZH and Fed are related...just perhaps. The fake data comes outta CNBC/CNN...the real goods thru ZH
ZH is limited hangout at best.
Better than the rest, but that isn't really saying much. ZH 2016 /= ZH 2010
This may be true now but when this link, provided in one of the posts, worked http://www.classiccmp.org/transputer/finengineer/ I would think the opposite. This was a real treasure trove of interesting financial engineering documents. It's been co-opted but the comments have weathered.
fuck you term..., tell me where you could get this info charts/tips, latest econ news and input
huh, tell me? recently credit and market divergence-easy trade, goes on, almost daily -oh yahoo boards, once again go away you never pleasable fuck head...
joe90:
Not Found.
Any other link?
You see the skinny homie says you stop peddling that cause folks don't want to see that. That's how that came down homes.
Real reason: We just figured you dopes will spend the weekend watching a bunch of over paid, spoiled, thugs play football. By Tuesday all is forgotten.
Ran out of chars and the "/s" got truncated.
If you can't trust the Fed who can you trust?
"Nothing more nefarious than technical difficulties, which we believe have been resolved."
We now return you to your regular mind control programming already in progress.
Aw come on, they wouldn't do that?
Someone was indulging in some hookers and blow at their desk and the keyboard was accidentally sat on. Once they removed either the hooker or blow from the keyboard (or both) the technical difficulty was resolved.
Oh....wait...this isn't Goldman, is it?
tough to say. How much of a difference is there between goldman and the fed, exactly?
Goldman has more GOLD?
Just a shot in the dark (of an empty gold vault)
Interesting that they used "nefarious" to describe technical difficulties. Nothing like a good sociopathic organization to tell you what they're doing (criminal) while they're doing it. What a fun crew of jokesters.
I'm going to make this pencil disappear.
"I'm going to make this pencil disappear. "
"TADA!!! ...It's gone.."
nefariously
Yes, resolved at the end of theday after the market closed....hmmm
Good news. All the "important" people got the info at the normal time so they didn't miss out ...
"I'm working on it"
Gonna call bullshit on that one.
Right on brother, right on. They're fucking scared shitless..
Fed = Nefarious
Technical difficulties = irrelevant.
It's like Satan just tweeted ZH or something.
I need a bath.
Ma'am, I don't normally laugh at devil jokes, but I enjoyed a hearty one thanks to you.
If you bathe in donkey's milk it will keep you young. It must be done each day. Cleopatra thought so anyway.
Yellenpatra rises from the soaking tub, she turns toward Tyler and asks for a hug. Trying initiate a BOND.
Thought you'd never ask MsCreant you're the tap end!
Turn those Machines back on . . . . . . Hilsenrath faints . . . get back in there . . . sell, sell . . . .
roflmao......
soooo... reverse rate hike ?
these eko-n0-mist (aka voodoo priests) are despicable... osobuco must be having shit fits....
what a collection of buffoons..... the entire lot...
revolution time..
Releasing the information on time would interfere with the Fed's independence from political influence.
The ATL Fed didn't want to undo all of the hard work of Kevin Henry and the PPT that had been banging out buy orders all day like a screen door in a hurricane.
Sure...nothing nefarious. Just a little coincidinky it was released after the market closed on a really crappy trading day.
"...which we believe have been resolved..."
The Atlanta Fed's belief in the resolution of technical difficulties is for general informational purposes only and may be revised in the future at the discretion of the Atlanta Fed as more accurate data becomes available.
And by accurate data you mean desired stock prices.
Amateurs.
The inevitable downward revision will be released one minute after kickoff of the Super Bowl...
Hahaha! It must feel awesome to be getting trolled by the Federal Reserve...way to go Tylers!
Lmao! All the nuuuz that's fit to suppress or print. These are your best & brightest...and they got this all under control.
Yep.
Burn baby burn ; -)
"The dog ate the GDP"
And the dog is still hungry. Give it Canada's GDP, too.
< The Market reacts violently on Monday open
< The Market does not give a shit, and drops on the Monday open because the FED FUCKS are not at their PPT kill switches.
the simply delayed the giant flush.
OR yes, PPT on Monday.
Market closed Monday for MLK day ,, PPT Tuesday! Hate to have stocks that trade on foreign exchanges Monday ... they'll open down BIG when NY re-opens.
Yuan will be devalued.
Gold Bitchez.....I pick up pennies
Market is closed on Monday bro
for mlk day, really? that's like canceling the super bowl because some eskimos are going fishing
What's next? "Chinese" hackers will take down the website preventing the publication of the data?
Syrian Electronic Army
which is division of the axis electronic army - equally staffed with iranians, syrians, and white wing extremists
It took all day to massage that figure to a positive number.