Rate Hike In The U.S.A – Total Bullshit

I’m sure by now you are all well aware –  I can’t stand the mainstream media.

I cringe every time I see some “breaking news story” ( particularly in the U.S ) hinting of rate hikes, when in reality…..this is complete and total bullshit.

Let’s do a test.

Ask yourself if this mornings headlines such as “Fed rate hike odds jump on positive July employment report” didn’t bend your ear. Sounds pretty certain. Sounds like the odds of a rate hike are right around the corner.

You didn’t read the rest of the story. As you live in a world so full of information….your habits have changed, your DNA on the move. You don’t “read” anymore. You scan. Exposed to more information per day than people 20 years ago had available “per decade” –  you have no real idea what to believe, as there is so much bullshit out there….so much crap…you’ve morphed into a “scanner” and not a reader. Soon to be a tiny body with an oversized head, sitting in a chair of virtual reality – sipping some algae/protein/zanex based concoction – sold to you by Dupont.

U.S Rate Hike - Total Bullshit

U.S Rate Hike – Total Bullshit

The probability for a rate hike in September jumped to 18%, from the 12% registered prior to the data, according to CME Group’s FedWatch tool.

You getting this? a jump in probability from 12% to 18%…….and markets go wild. Kinda like a jump from “zeeeeeeero” to never….but the spin doctors got’choo.

Do yourself a favor……….stop watching cable. You are not yourself.

Note the bold text in this post.

Looks like I “got’choo” too. Rate hike impossible. Not gonna happen. Actually……an 82% change it’s not gonna happen.

Oooops……isn’t that what you read?


10 Responses

  1. M August 5, 2016 / 2:51 pm

    Does it seem so bullish for equities kong? I mean this ramp from brexit lows is just like all the other ramps as in aug 15 and feb 16… feels like a bear is coming?

    • Forex Kong August 5, 2016 / 2:54 pm

      Fair enough. As the masses gobble up headlines. I imagine markets will remain elevated into the election so…..it is what it is for now.

      Again ask yourself. Is it really worth getting long equities here? What upside could one expect?

      My take……flat across the top a little while longer – then down we go.

  2. BobR August 5, 2016 / 2:55 pm

    I cannot believe how one sided the US markets have become; they are relentless to the upside. When will this insanity end? Do you expect a sudden crash in the broader US markets anytime this year?

    • Forex Kong August 5, 2016 / 2:56 pm

      After the election – YES!

  3. Tom kauser August 5, 2016 / 3:46 pm

    My big box employer lowered the entry level requirements and raised the starting pay thus starting a zombie effect. We have went on a hiring spree and loaded up on warm bodies.
    We have since been overrun by entry level clueless individuals who have limited skill outside of sending or receiving messages via cellphone.
    It is odd how people addicted to reading message on devices have no listening skills or any skill above say thumb wrestling?

    • Forex Kong August 5, 2016 / 3:53 pm

      100% Agree. Take a look around any restaurant these days. I bet you’ll see 3 outta 4 people staring down into their laps.

      Cell phone city.

      Humanity making major change here….as the next generation will likely have neck / back probs attributed to this new found “posture”.

      Much quicker than most can phathom …..man and machine coming together. Human contact lost.

  4. PB August 8, 2016 / 1:49 pm

    Is natural gas a good long here? Not sure why there is so much negativity around this particular commodity.

    • Forex Kong August 8, 2016 / 6:03 pm

      I think it’s looking very good here – yes.

      • PB August 8, 2016 / 6:59 pm

        Thx Kong.

        • Forex Kong August 8, 2016 / 7:02 pm

          Keep your eye on USD, as this will likely be a pretty “textbook turn” with USD falling and commods moving higher.

Leave a Reply