Jp - bond vigilantes are using walkers and wheel chairs -- Yardeni was a supporter of Yellen (YALE econs) // The current bond folks have never seen a Fed trying to KILL inflation only using a target -- the new gen doesn't have a clue 'cause it's not interest rates, it's dehoarding -- that's a whole different BEAST
Mtl JP 19:09:58 GMT - 02/10/2018
Mtl JP 15:40 GMT February 3, 2018
Central Banks (Fed and ECB) Continue To Roil The Markets: Reply
CNBC
The 'bond vigilantes' may seize power in 2018 as worldwide debt swells - Mon, 18 Dec 2017
Surging rates won’t hurt rally, thanks to ‘extraordinary’ earnings impact from Trump tax cuts, says Ed Yardeni Thu, 1 Feb 2018
(Ed "Ed" Yardeni - BA Cornell, PhD Yale is the character who coined "Bond Vigilante" in 1983)
Banks 'very much stronger'; another financial crisis not likely 'in our lifetime' -
Janet 27 June 2017
In her last kick at the can: "I am supportive of him. I've worked with Governor Powell for five years, very constructively. He is thoughtful, balanced, dedicated to public service. I've found him to be a very thoughtful policymaker."
Still, Yellen fears that some of the policies she championed are in peril.
The House has passed a bill that would curtail the Fed's independence when it comes to setting interest rates; and there is also talk of rolling back regulations the Fed imposed on banks after the economic collapse.
"They are now much safer, much sounder, and much better at managing their risks," she said. "And it would be a grave mistake to roll that back." CBS NEWS February 4, 2018
(Ed "Ed" Yardeni - BA Cornell, PhD Yale is the character who coined "Bond Vigilante" in 1983)
Mtl JP 15:09:58 GMT - 02/03/2018
Did you read williams' "Expecting the Expected: Staying Calm When the Data Meet the Forecasts" February 2, 2018 drivel ?
..."the outlook is positive: The expansion is proceeding at a good pace, unemployment is low, and inflation is finally headed in the right direction again. Even if most people don’t want higher prices, it’s a great relief to me that the Phillips curve isn’t broken.
But while the outlook is positive, it’s not so strong that it’s driving a sea change in my position. For the moment, I don’t see signs of an economy going into overdrive or a bubble about to burst, so I have not adjusted my views of appropriate monetary policy. So my message to those concerned about a knee-jerk reaction from the Fed is that, as always, we’ll keep our focus on the dual mandate and let the data guide our decisions."...
Fed Holds Rates Steady For Now To the surprise of no one, the Fed held rates steady with a Fed Funds target range of 1.25% to 1.50% on Wednesday January 31. Market odds were near zero for a rate hike beforehand. As for the next meeting on March 21, the odds strongly favor (92%) a 25bp hike in the Fed Funds target range. Wednesday was the final meeting with Janet Yellen as Fed Chair. She will be replaced by Jerome Powell shortly... MORE
The latest leg lower in stocks appears to have been triggered by The Fed's Kaplan who sounded notably hawkish:
*KAPLAN SAYS CONCERNED TAX CUTS WILL LEAVE U.S. MORE LEVERAGED
*KAPLAN: IF WE WAIT TO SEE ACTUAL INFLATION, WE'LL BE TOO LATE
*KAPLAN: BASE CASE IS FOR 3 RATE HIKES IN 2018, COULD BE MORE
This is the market's biggest single-day drop since Brexit.
The Dow is down over 500 points...
++++++++++++++++++++++++++++++++++++++++++++++++
Where's Bullard???? Oh wrong Administration. Nothing to protect here, just the opposite.
TIN HATS Boys: and if you don't think there is not enough money already been made to trigger "I'M OUT'A HERE" from the Big Players, when most of them are All in on APPL, GOOG, AMZN, FB,NFLX, with Free FOMC Granted Money.
Then you haven't been paying attention to their recent "warning" statements. It's never not a Good Time to take profits from 8 years of Winning.
Draghi has a SINGLE mandate, INFLATION -- but market may be sick of negative rates as the bund move over the last month has put 34 bps on top of 43 - a comparable move in the 10 yr Treasury would have taken the yield well over 3%
The first ECB rate hike may be Draghi's only one before he departs
dc CB 16:34:42 GMT - 02/02/2018
WeightWatchers Update -
APPL - down $4.75
GOOG - down $47
AMZN - Up $75
Mtl JP 16:26:51 GMT - 02/02/2018
Janet and Ben sitting in a tree
K I SS I N G
Brookings - EXPERTS
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CB their love will endure until Pi runs out of decimals
Mtl JP 16:15:42 GMT - 02/02/2018
so janet is going to jibberjabber more all day
isn't her hubby h..ny ?
dc CB 16:10:17 GMT - 02/02/2018
Yellen Starts Work At Brookings Institution On Monday
Janet and Ben sitting in a tree
K I SS I N G
GVI Forex Blog 15:32:48 GMT - 02/02/2018
John M. Bland, MBA, co-founder, Global-View.com
Fed Holds Rates Steady For Now To the surprise of no one, the Fed held rates steady with a Fed Funds target range of 1.25% to 1.50% on Wednesday January 31. Market odds were near zero for a rate hike beforehand. As for the next meeting on March 21, the odds strongly favor (92%) a 25bp hike in the Fed Funds target range. Wednesday was the final meeting with Janet Yellen as Fed Chair. She will be replaced by Jerome Powell shortly... MORE
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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