"Any attempt to normalize interest rates, will CAUSE something bad to happen, just as it did in 2008 and just as we are already seeing now with the "unforeseen" rise in the dollar, slowing of Emerging Markets, reversal of carry trades and collapse in commodities. Just the "hint" of normalization is causing shit to break. "
ZH: Jan. 28, 2015
Markets Disappointed as Fed Upgrades 'Economy' in Hawkish Statement
The 3 key phrases from today's FOMC Statement are:
"Strong Jobs Gains" instead of "Solid Job Gains",
"Considerable time" dropped entirely
"Solid Pace" instead of "Moderate Pace" For Economy
The illusion-formerly-known-as-the-economy has been reduced to parsing bullshit issued by bureaucrats who print money for a living:
The Davos Money has left the station
Thirty year Treasuries at new all time high - not buying any of the bullshit about an improving economy and higher interest rates. (So much for a "pullback"):
