Fed To Main Street: Screw You – Wall Street Matters More

Mark St.Cyr,
ZeroHedge.com
09/20/2015

In a world where the Fed articulates its reasoning for any policy decisions as “data dependent,” one has to now ask – exactly whose data? For if one originally assumed “data dependent” meant U.S. data – one would now be incontrovertibly proven wrong.

The parlor game projections as to whether or not the Fed would, or, would not raise rates by many of the so-called “smart crowd” on Wall Street was often hysterical. And the word hysterical could be used twice in the same sentence. Once, as to describe the sheer hysterical begging by those whose salary is based (as well as bonuses) solely on whether or not the Fed. give-ith or the Fed. take-ith away their “punch-bowl.” And second; for the sheer comedic value in that begging. I guess when you’re charging 2 and 20 – you gotta do, what’cha gotta do. And If you’re not begging clients against redemptions – might as well beg the Fed. for it.

There were quite a few discrepancies made manifest in the Fed’s decision not to begin the process of monetary normalization with its standing pat of not lifting interest rates off the zero bound by 25 measly basis points. Even if it was seen as being only a symbolic start in effect.

One of those discrepancies is this: >What happened to all that “great” data we’re forced to ascribe to when we turn to most financial media outlets? Apparently the “data” the Fed. watches is not the same which we’re told. For if unemployment is statistically within range of what is considered full employment (e.g., 5.1 per the latest report) how can the economy be so shaky as to delay one of the most anticipated hikes in years?

The Rest…HERE

This entry was posted on Sunday, September 20th, 2015 at 12:44 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.