Who is they? The incompetents that run the Federal Reserve.
Jeffrey Gundlach, chief executive officer of $95 billion DoubleLine Capital, says the Federal Reserve has changed the conditions required for a potential interest-rate hike this year.
“The Fed has shifted from, ‘if the data pattern improves we will have the green light to hike,’ to ‘unless the data pattern weakens we have the green light to hike,’” Gundlach, 56, wrote in an e-mail Thursday.
The above quote captures the sense of their panic to get off the hot seat they created. It's more proof they know not what the hell they're doing. Incompetence, however, always has it's victims. And usually it's spelled the people. They want to exit this crisis before it goes down so they can say that they tried to warn everyone by doing their part, the right thing at the right time. But they wouldn't know either if they had 10 data-filled crystal balls to supplement their dot-plot board.
The ploy here is as simple as it's obvious. Goldman Sachs just did a sudden reversal on the price of oil and the no longer attractiveness of equities. They also set up savings account yields to ensnare the proletariat. So who do you think higher interest rates will profit? Here's a short list: Goldman Sachs and the big banking crowd. It pays to have friends at the Fed.
It turns out 1913 was an historical watershed moment in the nation's history.. Two behemoth, now out-of-control institutions detrimental to your future and to the financial health of that future, were birth that year--the IRS and the third Federal Reserve bank of the land. Both are in dire need of being revised, revamped and perhaps even being totally mothballed.
The ploy here is as simple as it's obvious. Goldman Sachs just did a sudden reversal on the price of oil and the no longer attractiveness of equities. They also set up savings account yields to ensnare the proletariat. So who do you think higher interest rates will profit? Here's a short list: Goldman Sachs and the big banking crowd. It pays to have friends at the Fed.
It turns out 1913 was an historical watershed moment in the nation's history.. Two behemoth, now out-of-control institutions detrimental to your future and to the financial health of that future, were birth that year--the IRS and the third Federal Reserve bank of the land. Both are in dire need of being revised, revamped and perhaps even being totally mothballed.
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