Wednesday, December 16, 2015

The Farce Be With You

Oil is tanking and so is liquidity...




News that the U.S. Government was lifting the 40 year-old crude export ban, rallied oil for one day...





ZH: Dec. 16, 2015
To Raise Interest Rates a Mere .25%, the Fed Needs to Drain $1 Trillion in Liquidity. Tonight.

This is why I show interest rates log scale, because on a relative basis, a .25% increase from 0% is of exponentially greater financial impact than increasing from 10% to 10.25%. All thanks to the trillions in leverage now priced at 0%. It's a good thing that liquidity is abundant...

This entire charade is one entire farce...
"I thought it was odd that 25 year olds were retiring early, but it didn't affect me at the time, so I said 'fuck 'em"