30 Mar '16, 2pm

The Shit Charade Continues: If every time Yellen opened her damn trap and the S&P500 shoots up 30 points, they…

If every time Yellen opened her damn trap and the S&P500 shoots up 30 points, they should schedule her to make speeches every single goddamn day. Now let me get this straight… The US stock markets exploded yesterday because Yellen pretty much said rate hikes were not going to happen and that the US can drop back into ZIRP, and if needed, follow the playbook of other central banks and go into NIRP hell. So lower rates for longer it good for stocks, but that’s only being put in place due to the “weakening global growth environment”. The reason for low rates is a shit economy, but stocks are going up? This is a shit show in its purest form. Japanese industrial production just crashed. So have HK exports and South Korea exports, both of which have been somewhat correlated in the past to global trade. The number of reports …

Full article: http://thefinance.sg/2016/03/30/the-shit-charade-continues/

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