Tuesday, December 13, 2016

Ebenezer Screwed

One minute they're monetizing poverty and the next minute they're monetized. Shit happens...

Regardless of what forward guidance Police Squad releases with their decision, this is unquestionably, the worst time to raise interest rates. EVER.

Tomorrow, they'll monkey hammer one of these, or the other, or according to this chart, both...

Banks and Utilities. End of cycle. 

And for the record, in 2002 and 2008 despite even larger late cycle reflationary surges, the Fed never raised rates at this point in the cycle.

Russell / Dow Ratio: Small caps / Large caps...

With the reflationary fantasy:

Don't try this at home...

The bond market has already inflicted the damage to global GDP

Global GDP with global bond yields:

"Here's your raise: 'Plink'"

"Oh look it's inflation, load up on stocks"