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6 Aug 2019

ON CUE, HERE COMES MORE EASIER MONEY

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Post by MoneyRadio Staff

—–And again and again and again and again.—–
—–We have told you on several thousand occasions that the fed targets the market. They no longer target the economy. On June 3, at the last low of a measly 7-10% correction, Powell sent out his easy money puppet…ooops, we mean another easy money fedhead by the name of Bullard to leak the news that the fed will move from “being patient” to “lowering of rates!”—–
—–We told you in past days that at any moment, the same would happen. Little did we know it would happen today and little did we know they would send out the same easy money puppet…ooops, we mean easy money fedhead Bullard who just came out and stated:—–
—–“FURTHER RATE ACTION DESIRABLE.”—–
—–This by no accident yapping has nothing to do with the economy. It has everything to do with markets. They are scared crap-less that if they lose markets, look out. After all, they cannot be that dumb to not know what 10 years of ridiculous easy money has done for asset prices…or maybe…—–
—–We suspect very very very oversold markets will not dislike this planted yapping. Whether or not it sticks is another story. As we stated last night, we will know a lot more by how the market bounces.—–
——And yes…we do think it a good chance the easy money dolts out of the Eccles building would cut rates before the next meeting.—–
—–We know. We are not very nice and are quite sarcastic with our words. We are just frustrated that a few ex-tenured professors around the globe can just press a button and create unimaginable amounts of conjured up money to keep asset prices up and to screw savers. How did we ever get to the point where the most powerful people in the world are the ones heading central banks?.Free markets are dead!—–
—–But the good news, the Mets are 1 game above .500 and are nearing wild card.  Serenity now!—–