Fed "patient"?

Covertibility said:
Wow. Let's start with a few facts and reality. QE in the US is not money printing, it's an asset swap of bonds for reserves. For some reason, the republican mind still cannot understand this concept. In Japan, it's different. Japan appears to believe in the wealth effect which is about as absurd as believing in an omnipotent being.

Two, the Fed doesn't control the long end of the curve. There's a whole slew of factors going on that determine the long end. The Fed is not going to start hiking just because rates are very, very low. Maybe if there was a republican, and the omnipotent being sure does know how republicans like to destroy the economy from time to time, but if there were one, a republica, at the helm, then yeah, we should expect a hike and a recession.

Three, given negative rates in Europe, the Euro is cheap.
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Even if I really tried, I don't think I could come up with three paragraphs filled with more unmitigated disinformation or hubris.
 
Some of you really have no goddamn idea how anything works.

And there go the bond yields as expected since growth and inflation measures have been taken down.

Don't confuse the negative rates with fear, it's more of play on the currency. And speaking of which, there goes the dollar.

Oh and when I post, I like to combine different topics of previous posts of others into one. Only comment on what you think is a reply to your own.
 
yellen is talking, shhhh listen to how dovish she is.....see she already said no rate hike in April.....keep bowing to wall street ....
 
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