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.
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?