Posted on 01/01/2016 8:40:22 AM PST by GilGil
... the Fed Funds rate just tumbled to 0.12%, far below the required 0.25% floor set by the Fed, and down 23 bps from the effective 0.35% Fed Funds rate set yesterday, confirming that indeed the rate hike corridor can and has been breached at least once, and just two weeks into the Fed's rate hike experiment.
(Excerpt) Read more at zerohedge.com ...
Of course we’re in a mess. They can only keep the “prosperity” and “recovery” lies going for awhile.
Then, reality comes crashing in.
How long can they hide this mess? Where are Trump & Cruz who could put this into the public eye. Unemployment is 5% and no one questions this at all.
How long can they hide this mess? Where are Trump & Cruz who could put this into the public eye. Unemployment is 5% and no one questions this at all.
I’m not jellin’ over yellin...
I will need to study this as I don’t understand what is going on. If the FED set the rate at .25, are they having to go lower to get banks to borrow from them and trying to keep it quiet?
I’m confused. Are they saying they raised the rate and then just dropped it again?
I was not aware that the gov’t assumes that once your unemployment benefits run out you are considered fully employed again. No wonder we are at full employment.
You pretty much summarized it accurately!
That is exactly what they are saying except it is so hidden no one is aware of it.
Are these idiots really dumb enough to hike rates in the middle of a economic depression (yes, Virginia, we're really having one of those) like they did with disastrous results in 1937?
Or, are these idiots using the rate increase as an excuse to pay the big banks that own them more interest on the massive amounts of money they printed and gave them for deposit at the Fed in order to boost their reserves?
Or, perhaps, both.
Your scenario is so gross and disgusting. They are all serial liars and then they think Main Street are the sickos.
As usual, very interesting thought-provoking comments at zero hedge. Thanks for posting, GilGil.
No surprise to me. As I have observed before the Fed is like a hamster on a wheel they cannot get off. Trying to hike interest rates in a deflationary depression which is what we are entering is not helpful.
“Unemployment is 5% and no one questions this at all.”
Trump challenges this all the time. He says unemployment is between 21% and 28% which in my opinion is pretty accurate.
I trade the markets and am so aware that the Fed has taken over all the markets.
When the markets start going down they just buy futures and goose them right back up.
They were not able to manufacture a Santa rally this last December. This tells me that there are big unsolvable problems in the background here about to explode. If the Fed can no longer manipulate to create illusion then reality is next and it is ugly.
Well yes! With the exception of Trump saying unemployment is at 20%+ not even Cruz brings it up!
Yep, weakness is weakness no matter how the feds try to put lipstick on the pig.
That is why there are so many Trump supporters. they know unemployment is not at 5% and they know they are being scammed and destroyed by the gov’t.
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