We are Not Even Thinking About Thinking
Fed Chair Powell: "We're not thinking about raising rates. We're not even thinking about thinking about raising rates."
— Hedgeye (@Hedgeye) June 10, 2020
But what about thinking about thinking about thinking about raising rates? pic.twitter.com/RaROP3MCt5
At Least Until 2023
Crazy thoughts surface about 2023. So apparently they are thinking, but 2023 does not count.
That's good, because interest rates will be nowhere near 3% in 2023.
How Press Conferences End
Notice the press conference was immediately ended after the bubble question.
— Sven Henrich (@NorthmanTrader) June 10, 2020
Asset Bubble Business Doing Fine
The fact that he doesn't want to answer it tells you all you need to know.
— Sven Henrich (@NorthmanTrader) June 10, 2020
They know it's a bubble, but they will not admit it, and in their view it's an acceptable price to pay.
The Fed is in the asset bubble business at the detriment of the larger population.
Clock is Ticking
“If there were more fiscal support, you would see better results sooner.” Another plea from Powell for Congress to pull the trigger on additional fiscal stimulus where the decision was punted by the Senate until July, opting instead to “wait and see”. The clock is ticking.
— Steven Rattner (@SteveRattner) June 10, 2020
I am guessing there is a competition among FED Chairmen Greenspan, Bernanke, Yellen, Powell who was the one that inflated the biggest bubble after the previous one burst.
— Julio Sobremazas (@FBesora11) June 9, 2020
I am guessing there is a competition among FED Chairmen Greenspan, Bernanke, Yellen, Powell who was the one that inflated the biggest bubble after the previous one burst.
— Julio Sobremazas (@FBesora11) June 9, 2020
What is the Stock Market Pricing In?
Did you consider the market is pricing in a Biden victory and a Senate sweep that would unleash bailouts of everything including Illinois? https://t.co/ydDfHzCtDn
— Mike "Mish" Shedlock (@MishGEA) June 10, 2020
Question Repeated
Got Gold?