econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 19 August 2015

Fed's 'Recovery' Hoax Takes A Pounding

by Rick Ackerman, Rick's Picks

It's always refreshing to see the stock market get the crap kicked out of it, even if it will take a 10,000-point fall in the Dow to cast out the thieves, thimble-riggers, broad-tossers, carny men, grifters, mountebanks and child molesters who have ruled the global banking system for the last umpteen years.

The sleazeballs tried to run up stocks yesterday on the latest Fed 'news' - and what a shocker it was! Seems that the 'done deal' calling for tightening in September has been undone yet again. Surprise, surprise. We have stuck to our guns on this one, shouting from the rooftops for the last two years that the Fed will NEVER raise rates. We didn't change our tune even when two Fed poobahs, in separate speeches over the last six weeks, said that all the ducks were in order for a rate hike in September. We tweeted to see if anyone would lay us odds for taking the 'don't' side of the bet; alas, there was nary a response. Seems even the true believers no longer take the Fed and its 'tightening' charade seriously.

Time to Laugh at Yellen?

Someone in the Rick's Picks chat room predicted that Yellen would wait until U.S. stocks come down a bit more before she blames China for the Fed's latest waffle. We predict the rate hike will be put on indefinite hold this time, returning to the Fed policy, if you can call it that, of recent years: wait-and-see. It remains to be seen whether Yellen's shills in the news media - ignorant, lazy hacks to a man - will find the gumption to laugh at whatever it is she says.

In the meantime, the forces of deflation that we've been writing about since the early 1990s are once again approaching critical mass following a six-year hiatus. T-Bonds are rising off a solid-looking base, and commodities are plummeting. The price of oil is falling so steeply that even we were surprised at how quickly crude oil futures took out a substantial 'Hidden Pivot' support near $42 that had served us well this year. All that remains to turn the banksters and their thieving, crackpot schemes into confetti is a sustained rise in the dollar. This will occur when the supposedly smart money realizes that more months of Fed looseness will not be inflationary; rather, those months will eventually be seen as a failed attempt to hold back global deflation. The collapse will be fueled by the implosion of the quadrillion dollar derivatives market - quite a bit larger and more powerful than all of the central banks acting in concert to counteract it.


Click here for a free two-week trial subscription to Rick's Picks that will give you access not only to daily trading 'touts', bulletins, updates and impromptu trading sessions, as well as to a 24/7 chat room that draws veteran traders from around the world.


>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Empty Rhetoric: On the Work of Deirdre McCloskey
Men Without Work
News Blog
Early Headlines: Asia Stocks Down, Dollar Up, Gold, Oil Steady, Senate Takes Russia Probe, Income - Tale Of 2 Countries, London Off. Values Face Big Drop, Russia Cuts Oil, Border Wall In Mexico?, And More
Documentary Of The Week: America Before Columbus
American Doctors: The Prognosis Isn't Good
Brexit: 'Leave' Voters Showing Most Signs Of Doubt
Crumbling Comet? The Great Debate About Whether Rosetta Rock 67P Is Breaking Apart
ISIS: Income Has More Than Halved Since 2014
What We Read Today 29 March 2017
The Best Hilarious Prank Ideas For April Fools' Day
February 2017 Pending Home Sales Index Improves?
The Need For Very Low Interest Rates In An Era Of Subdued Investment Spending
America's Missing Workers Are Primarily Middle Educated
The Share Of American Women In The Labor Force Is Slipping Even As It Rises In The Rest Of The Developed World
Infographic Of The Day: Which Countries Are Going In The Right Direction
Investing Blog
Where In The World To Invest? A Search Of The Globe
Boom Or Bust: Tech IPOs Can Go Either Way
Opinion Blog
Scarborough Shoal: Will America Help The Philippines?
Why Did Preet Bharara Refuse To Drain The Wall Street Swamp?
Precious Metals Blog
Following The Yellow Brick Road
Live Markets
29Mar2017 Market Close: DOW Closes Down 42 Points, SP 500 Up At Close, Nasdaq Clearly The Winner Closing Up 0.4 Percent, Wall Street Investors Happy
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved