Does anyone actually listen to this guy? Here is one of the most moronic statements you will ever hear.
These fed scumbags are always trying to rig the markets for the insiders. There's going to be no rate hike. Their social life, their standing within the leftist economic community, all would be absolutely ruined if they raised rates in September. They just want to get the mkt to expect a hike so when they find some excuse to not raise rates the mkt will rally from the 'surprise' into the election. That's their fondest wish, because they understand the importance of getting the Hbeast elected.
Federal Reserve Board Governor Lael "brainless" Brainard knocked mkts for a loop today with her attempt to scare the mkt into believing there's going to be a rate hike this month. She got the futures mkt to price in an over thirty percent chance that they'll hike, a huge increase from under a recent less than twenty percent chance. Brainard is a hopeless fed dove, she always has been, and there is no evidence whatsoever that she'll ever be anything but. In addition, she's a donater to Hillary Clinton. When the jobs numbers came out recently and the mkt both priced in no hike and didn't go down, Fed Governors like Brainard must have gone into a panic. Because when they don't hike rates in Sept and it comes as no surprise, the mkt will already be over bought and have little upside momentum to boost it further. Hence, the need to put on an act that 'yeah, we're seriously considering raising rates!, we really mean it this time!" And since it hasn't worked when other Fed Governors have tried it the last week or so, they had to send out Brainless, who's the consumate dove, to try the scare tactic. It's all because they need the mkt to both price in a good chance for a hike, and for the stock mkt to be relieved of it's overbought condition. They're all patting themselves on the back right now because it seems to have worked. So when they make their excuse not to hike in two weeks, based on 'the data', the mkt can proceed from a level that is not overbought into a big rally from the SURPRISE! of them not hiking rates. At least that's what they desparately hope. Because it helps the Hillary! cause and it shows just how Relevant these very, very important Federal Reserve Governors are to our very ability to function on this planet. And how grateful we should be to them for their selfless acts of public service to make our lives bearable.
Yep, good analysis fhl...Every inflection point in this market has one of the "Fed heads" fingerprints on it.