The Efficient Ponzi Hypothesis: "Getting in was so easy"
Fed's Williams: "We don't want any excesses in financial markets"
The Fed just released their September meeting minutes which show they're as clusterfucked as ever. It's good to know some things never change - Fed Econodunces can never see the forest for the trees. They are constantly whipsawed by the latest data points while totally ignoring the deteriorating trend.
"many Fed officials concerned low inflation is not transitory...many Fed officials saw another rate hike warranted this year."
That's why you get paid the big bucks, to consult your magic 8 ball...
Even banks don't believe Fed bullshit anymore:
This is the fifth fake reflation rally of 2017. However, Trump's latest Twitter spat has put his imaginary tax plan at further risk:
"Either Trump realizes that Corker can sink the remainder of the Trump/GOP legislative effort and is upset by that reality, or he didn't/doesn't know and just made it a reality...Either way, we see ZERO upside for the budget process/tax reform in this Twitter-tantrum with the policy downside limit-down."
"Fed "unwinding" its balance sheet, the mere prospect of it happening is apparently enough to strike fear in to even the most experienced money manager"
As long as BitCasino doesn't implode, this will all be fine...