It's nearly 10 years since the fed has raised rates, 10 yearsssssss....and as time gets closer and closer to possible rate hikes they keep pushing it off, the Fed has lost every single bit of credibility they have, the economy is worthless, after years of zero interest rates and trillions pumped into the system the economy still cant find growth, with trillions in debt any rise in rates will just cause havoc on the system so they just talk about raising rates, all talk zero action, if the Fed was really in this game rates would be around 3.5% now, the next recession that's coming will have the fed in disbelief, they have nothing left to fix the crisis that's coming that's why they won't raise rates because they have had a zero exit strategy since day one..... now through the rest of year the fed members will all come out once a week saying how they will wait until economic numbers are strong enough to start raising rates, it's just more pathetic dribble just to prolong raising rates, zero % Rates and free trillions to pump up the system have only destroyed this economy, but just keep Ignoring it, you'll see it in due time when the fed finally admits they were wrong, oh wait they never admit their wrong, they are the fed. Hahah Futures jump on ADP miss, Powell comments Jenny Cosgrave | @jenny_cosgrave 6 Mins AgoCNBC.com U.S. stock index futures extended gains on Wednesday as investors digested a lower-than-expected read on private payrolls after a voting member of the Federal Reserve said on CNBC that nothing is decided on raising rates in September. The Dow futures briefly gained more than 120 points after trading about 70 points higher before the ADP data. Federal Reserve Gov. Jerome Powell said Wednesday on CNBC's "Squawk Box" that the labor market continues to be strong, but he has not made up his mind yet on whether interest rates should be raised next month. "Nothing has been decided and I haven't made any decisions of what I would support and certainly the committee hasn't," he said. "We're still working with the same framework, we're looking for some further improvement in the labor market and reasonable confidence on inflation going back to 2 percent in the medium term. I'm going to be very focused on the data from now until the meeting, particularly the labor market data." The ADP report came in at 185,000, below expectations for 215,000 private-sector payrolls. Meanwhile, economists forecast 223,000 nonfarm payrolls in the government's employment report Friday, and that is one of the final key pieces of data the Fed will review before it September meeting. The July trade report posted a deficit of $43.84 billion. Yields trimmed gains slightly after Powell's comments and held near those levels after the early morning data, with the 2-year at 0.72 percent and the 10-year yield at 2.24 percent. The dollar traded flat, while the euro edged higher to $1.09. Earlier, futures fluctuated on Wednesday ahead of the ADP payroll data, which is not seen as an exact preview for Friday's jobs report but it can give directional hints, and the market watches it for any big surprises. Overnight, markets digested hawkish comments from FOMC voting member and Atlanta Fed President Dennis Lockhart who spoke to The Wall Street Journal. Lockhart said the economy is ready for an increase in short term rates and it would have to deteriorate significantly for it to persuade him not to move. He said there was a "high bar right now to not acting, speaking for myself." Lockhart is one of the first Fed officials to speak since the Fed met last week, and his comments sent the dollar and bond yields higher.
The FED can't risk sending us into an early recession. Jeb Bush will be the next president. It would give the far right, namely the Koch family who has $1 billion to spend for the next president, the ammo to pursue the dissolution of the FED.
http://www.marketwatch.com/story/do...ng-bubble-2015-08-05?link=MW_home_latest_news Trump (as usual) is right on this....and no question he will piss-off the moderates. And if the moderates prevail, once again we will have a democratic president.
Trump is smoke screen for the masses. I don't know why. Probably just giving big money time to buy up oil and the energy sector. I am just waiting for the massive credit defaults in energy myself.
I thought the massive credit defaulto were going to take place once oil started falling below $60, then $50, I guess the magic number is $40 because once massive credit defaulto take place this market is going to lose 10% very very quickly. ....like I said October 2014 lows are coming....
won't exxon and BP just buy up everything that is on the verge of going broke? And why do you even care what the price of money is? (unless you are sitting on a pile of it and want to loan it out.)
I agree about October lows due to seasonality. Refiners powering down for maintenance after the gasoline production run. However, I am not sure of the capacity of the energy to pull down market past the current range we are in. Contagion is always a possibility. Fortunately, yield chasers in stocks and bonds have already had their bells rung.
Yeah, like S000 has the right mindset to profit from the easy money the market has been handing out those last few years
Definitely. XOM is the one to watch. They have no issues with vertical integration and will acquire anything upstream or downstream. Also, know as the smartest allocator.