Posted by caddpro123 on 6th of Jun 2016 at 12:56 pm
FED comments today on rate hike courtesy of CNBC (which for the
record I usually avoid)
It's a "fair assessment" that the chances of a June rate hike
are now much lower, St. Louis Federal Reserve President James
Bullard
told
TheWall Street Journalon Monday.
On the other hand, Janet Yellen ever the trouble maker said
"Although this recent labor market report was, on balance,
concerning, let me emphasize that one should never attach too much
significance to any single monthly report,"
"inevitable uncertainty surrounding the outlook for the
economy."
"The uncertainties are sizable, and progress toward our goals
and, by implication, the appropriate stance of monetary policy will
depend on how these uncertainties evolve,"
My take: there is no money to be made in transparent markets
without volatility, so by all means, lets cloud the issues and make
some more........
Not sure why you say Yellen the trouble maker? Certainly
not for the markets as she typically gives the market what it wants
and is dovish for the most part....
Posted by caddpro123 on 7th of Jun 2016 at 12:32 am
My apologies as I thought that my comments suggested precisely
that she was aiding the markets. While her actions are good for the
"market" in many ways and an obvious boon to traders, in my view
they are dangerous for the country as a whole. The FED must
take credit for among other things, destroying the US dollar
and many would argue our standard of living along with it. Not to
mention the endless boom bust cycles which are so devastating to
most Americans. Therefore, looking at her actions from the
perspective of the country as a whole, Yellen and the FED as a
whole are trouble makers of the worst order.
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Rate hike
Posted by caddpro123 on 6th of Jun 2016 at 12:56 pm
FED comments today on rate hike courtesy of CNBC (which for the record I usually avoid)
It's a "fair assessment" that the chances of a June rate hike are now much lower, St. Louis Federal Reserve President James Bullard told The Wall Street Journal on Monday.
On the other hand, Janet Yellen ever the trouble maker said
"Although this recent labor market report was, on balance, concerning, let me emphasize that one should never attach too much significance to any single monthly report,"
"inevitable uncertainty surrounding the outlook for the economy."
"The uncertainties are sizable, and progress toward our goals and, by implication, the appropriate stance of monetary policy will depend on how these uncertainties evolve,"
My take: there is no money to be made in transparent markets without volatility, so by all means, lets cloud the issues and make some more........
Not sure why you say
Posted by john9o9 on 6th of Jun 2016 at 09:35 pm
Not sure why you say Yellen the trouble maker? Certainly not for the markets as she typically gives the market what it wants and is dovish for the most part....
A matter of perspective here
Posted by caddpro123 on 7th of Jun 2016 at 12:32 am
My apologies as I thought that my comments suggested precisely that she was aiding the markets. While her actions are good for the "market" in many ways and an obvious boon to traders, in my view they are dangerous for the country as a whole. The FED must take credit for among other things, destroying the US dollar and many would argue our standard of living along with it. Not to mention the endless boom bust cycles which are so devastating to most Americans. Therefore, looking at her actions from the perspective of the country as a whole, Yellen and the FED as a whole are trouble makers of the worst order.