As long as Goldman Sachs is making money off of this (they always do), nothing will be changed. The Fed is a complete pile of BS right now. Does anyone have an opinion on the last time the Fed was actually real?
IMO it all hinges on the dollar, if the dollar remains strong no way she raises rates, if the dollar weakens she might be able to, but i doubt she will. The thing is she doesnt have a long enough track record yet to know 100%, and i could see her doing something stupid like raising them out of nowhere just to prove she isnt wall streets bitch, right now pretty much everyone just views her as a joke.
Thanks. For me I pretty much got out of everything. Nothing make sense. Greece is defaulting, market rallies more.
Ah just another day in our central planned market, where everyday is an up day...WELCOME TO THE LAND OF PERFECT.
ECB approves emergency loans for Greek banks Claire Jones in Frankfurt, Peter Spiegel in Luxembourg and Kerin Hope in Athens
AS I SAID A TRILLION TIMES, NO SUCH THING AS FAILURE....KEEP PUMPING THE SYSTEM, HOW COULD GREECE FAIL WITH THE ECB PUMPING BILLIONS OF DOLLARS INTO THE SYSTEM TO HELP THEM, THEY WILL NEVER BE KICKED OUT AND THEY WILL NOT LET THEM DEFAULT...THATS WHY I LAUGH EVERY TIME I HEAR THESE FOOLS WORRY ABOUT ABSOLUTELY NOTHING..... WHERE ARE THE FREE FUCKING MARKETS...NO SUCH THING AS FAILURE, JUST LET THE SYSTEM DO WHAT IT NEEDS TO DO AND STOP INTERVENING EVERY SINGLE TIME A BANK OR ECONOMY SHOWS SIGN OF WEAKNESS.... http://www.cnbc.com/id/102772656 The European Central Bank (ECB) has raised the funding cap on its Emergency Liquidity Assistance (ELA) for Greece's banks by 3.3 billion euros ($3.7 billion), according to a CNBC source. The decision, made in a conference call Friday and first reported by Reuters, followed a meeting of the euro zone's finance ministers on Thursday, where the ability of the country's lenders to open up for business next week was questioned. It comes as a specter of a run on Greek banks is looming, after yet another round of failed rescue-for-reforms talks. The valuation of the Greek banking sector has fallen by nearly a third since the start of June as concerns about the risk of Greece leaving the euro zone grow.