STB's been hard and steadfast on the 'never' raise rates bandwagon for many good reasons. I suggest, if you have not yet, read "But It's Just A 0.25% Rate Hike, What's The Big Deal?" - Here Is The Stunning Answer.
"to push rates by a paltry 25 bps, the smallest possible increment, what the Fed will have to do is drain up to a whopping $800 billion in liquidity!"It appears Draghi and Grandma are coordinating things leading into the coming rate hike. Granny magically got the jobs number she needed this morning after somehow managing to 'hit' the Fed's employment target. It looks like my 'never' call is gonna be a miss at this time. This is not good for everyone. It's actually a disastrous decision. More on that next week. Like I have said for years, "do the math". Impossible is not a word that does our dire situation justice.
Wait, what if they don't hike rates? What if they are setting up the nastiest short squeeze we've seen and at the same time double crossing Draghi? Just a possibility, but we all know they can't let the market fall. Fall it will if they hike. Risk ON becomes Risk OFF, and everyone is looking for any reason to exit. Flash crash? LOL, more like flash week. I'm gonna hang on to my 'never' call till the end.
On to the lie -
SPX Weekly - for those looking for potential perspective (down that is).
Freedom Watch -
Obummer's out of control radical army is getting crushed by the Russians. General Wesley Clark: ISIS Serves Interests Of US Allies Turkey And Saudi Arabia
This is hardly surprising - Academic Study Shows Fed Engaged In Systematic Leaks To Insiders. Read here to see how in 2013 Congress Quietly Overhauled Its Insider-Trading Law.
More to come below.
Have a good weekend.
GL and GB!