Day: August 20, 2014

Comments On The Fed – All I Needed To Hear

Forex Kong 3 Comments

Well that certainly was a breath of fresh air.

In case you don’t spend your time pouring over “Fed Statements” or inturpurting these types of things ( lucky you )…let me simplify.

The Fed’s general angle was hawkish….ie……the suggestion that a time to “reduce the balance sheet” is now upon us suggesting that a current holder of 4 TRILLION DOLLARS WORTH OF U:S ASSETS  ( The U.S Fed – a privately held bank currently paying out 6% dividends to it’s shareholders ) will soon become a “net seller” as opposed to the last 6 years functioning as a “net buyer” of U.S garbage.

You didn’t get that? CNBC didn’t take a little silver spoon and put it up to your mouth?

Im shocked.

Ignore the short term reaction…..ignore Jackson Hole and the “next line of commentary”….

I’ve heard all I need to hear.

Bravo Janet! Bravo!

 

 

 

Kramer Knows Everything – Says Yellen Should Sell

Forex Kong Got something to say?

Your beloved Kramer of CNBC fame just suggested “It’s time for Yellen to ring the register”.

I tune in to CNBC at times to get a good dose of what “home investors” are being fed these days, and was actually quite surprised here this morning.

As CNBC’s ratings and viewership continued to plunge ( to the absolute lowest levels in the history of the channel ) frankly I get “more interested” in what nonsense they are coming up with.

Could it be that they are actually leaning more towards telling the truth with hopes of staying on the air?

You’d have to imagine a room full of executives praying to god they will still have jobs come Christmas time thinking “hmmmm……perhaps we should do something about the format….we’ve gotta save this thing!”.

Not like they really have much choice in the matter, having their headlines / scripts / stories spoon fed to them from the “boys upstairs” ( the media big wigs who are also Central Bank big wigs, corporate America big wigs etc…) but to what ever degree they can – perhaps a bit of “reality” can creep in.

Kramer says “Yellen should sell” with respect to the now “4 Trillion Dollar Balance Sheet” The Fed is currently holding. That’s a whole lotta stocks n bonds isn’t it?

So the question begs regardless…….

If not now……..then when?

And even more so – How?