Posted on 12/18/2013 11:16:27 AM PST by John W
The December FOMC decision is out.
The Fed will taper asset purchases to a monthly rate of $75 billion from the current $85 billion pace. Half of the reduction is in Treasury purchases and half of the reduction is in purchases of mortgage-backed securities.
However, the FOMC did not modify its forward guidance, leaving the unemployment rate threshold for the first rate hike at 6.5%.
(Excerpt) Read more at businessinsider.com.au ...
NEW YORK (MarketWatch) — U.S. stocks rallied after the Federal Reserve announced that it would begin slowing down the pace of bond purchases, known as quantitative easing. The Fed policymakers voted to cut $10 billion a month from its $85 billion bond-buying program, starting in January.
Still the biggest Ponzi scheme in the annals of recorded human history. Borrowing money from ourselves creating Monoploy money in the process. A big shell game. Robbing Peter to pay Paul.
And the market skyed.
Go figure.
They only lost 10 B a month. They’re thinking it could have been worse I guess.
It’s not working, so let us keep doing it
That is about a trillion a year. Insane
LOLOL
A $120B cut in government annual spending - Right... Either they've figured a way to squeeze more from the taxpayers, or it's just another ruse.
This ought to be quite interesting over the weeks ahead.
They expected to be thrown out of the bar. Instead the new bartender just locked away the Everclear but the whiskey, rum and vodka are still flowing. DTs postponed for now.
When I saw this announcement I had a flashback to my bad old days in the Navy.
I heard the Diving Alarm followed by the Collision Alarm. I guess I could have added the “Power Plant Casualty Alarm” but I don’t remember what that one sounds like.
What a load of Bravo Sierra.
Let me tell you what the Fed is going to do....
They’re going to print.
Then they’re going to print some more.
Then they’re going to print more still.
And just when you thought they were going to “taper”, they’re going to print some more.
They’re going to print to wake the dead.
They’re going to print till their eyes bleed.
Because that’s what their political and corporate cronies want.
“And the market skyed.
Go figure.”
I think because the market knows that taper talk is just that. Washington ain’t gonna stop spending, and in 2014 Aunt Janet has all but guaranteed to press harder on the gas.
We’ll see how the rest of the day and week goes.
” the FOMC did not modify its forward guidance, leaving the unemployment rate threshold for the first rate hike at 6.5%”
That is not correct. From the statement:
The Committee now anticipates, based on its assessment of these factors, that it likely will be appropriate
to maintain the current target range for the federal funds rate well past the time that the unemployment
rate declines below 6-1/2 percent, especially if projected inflation continues to run below the Committee’s
2 percent longer-run goal.
And that is why the market took off, not the $10 billion taper.
That’s not government spending - it’s printing money.
The Biggest Scam In The History Of Mankind
And it could eventually lead to the biggest collapse in the history of Mankind, as other countries jump on the fiat merry-go-round.
I clicked my ticker link expecting to see a huge plunge, but the Dow shot up over 150 pts, and is still going. WTF?
Yep, and unfortunately since the dollar is the world’s reserve currency, increased the price of essential items like food and etc. worldwide. That contributed to the unrest in the middle east, along with O’s underhanded machinations.
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