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EconMatters

By EconMatters EconMatters has been critical of Fed’s new found dovishness.  Judging from the FOMC statement released on Wednesday Dec. 17, Fed made a concerted effort (and keep Wall Street happy) keeping a spot for that infamous “considerable time” language.  However, technically speaking, the phrase is actually a reference of timing, not exactly part of FOMC current policy statement.  Below…

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By EconMatters
Vienna Short-Term Greed
Remember several weeks ago when oil was still trading around $75 a barrel, and OPEC was deciding upon a production cut, Russia and Mexico went to Vienna where a deal was being discussed regarding a combined production cut so that Saudi Arabia wouldn`t have to take the brunt of the cut by themselves? Looking back …

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By EconMatters
Reasons or Excuses?
The reasons for the Fed not raising rates keep getting more bizarre and outside the scope of what used to constitute the Fed`s purview. First it was the financial crisis, then it was GDP growth not being up to par, then it was inflation not being robust enough, then it was employment being too soft,…

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By EconMatters
Bearish Sentiment Priced In?
The futures contract for January 2015 has gone from $102 a barrel in July to $57 a barrel today, a $45 dollar a barrel discounting of price in less than six months. Much of this move is based upon bearish sentiment and future expectations for oil supplies along with bearish headlines coming out of …

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By EconMatters
4 Trading Days – Important Fed Meeting
The FOMC Meeting Announcement, Forecasts & Chair Press Conference on December 17th should provide more clarity on the rate hike schedule for 2015 as this is the first quarterly FOMC meeting since QE Bond Buying has formally ended. Given that third quarter GDP was revised up to 3.9%, and the Employment …

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By EconMatters
San Francisco Fed’s John Williams is part of the Problem at the Federal Reserve
Sure enough the S&P 500 drops 6% from its all-time highs, and all the idiots start talking about another round of QE when we haven`t even finished with the latest one (still buying bonds through October). The latest lemming who this time isn`t some …

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By EconMatters
San Francisco Fed’s John Williams is part of the Problem at the Federal Reserve
Sure enough the S&P 500 drops 6% from its all-time highs, and all the idiots start talking about another round of QE when we haven`t even finished with the latest one (still buying bonds through October). The latest lemming who this time isn`t some …

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By EconMatters
2 Cases of Ebola
From the ‘news’ network that covered and beat the Missing MalaysiaAirlines Flight 370 story to death comes the latest hysteria promoting journalistic approach to the 2 cases of Ebola here in the United States. These people should literally lose their broadcasting license as although many Americans have the ability to rationally think about the …

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By EconMatters
3-5 Months Ahead of Fed Forecasts for Employment Levels
What has sort of gone under the radar recently with Ebola fear mongering, Europe throwing a tizzy fit until they get their ‘stimulus fix’ and everything is miraculously all well again, profit taking in front of earning`s season here in the US, and oil on one of its customary …

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By EconMatters
Over a year ago, Netflix CEO Reed Hasting got into trouble with the SEC when Netflix stock price spiked 21% after Hasting boasted on his Facebook page that Netflix monthly viewing exceeded 1 billion hours 3 weeks before the company’s scheduled earnings release.  At the time, we opined that Ever since the collapse of Enron and Lehman Brothers, corporate executive behavior…

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By EconMatters
We Cannot Raise Rates Because…
This is starting to become outright laughable if it wasn`t so incompetent and irresponsible interest rate policy, or lack of policy by the Federal Reserve. Forget unemployment, GDP, Structural Economic Issues, Wages, or Inflation now the reason the Federal Reserve cannot raise interest rates from recession era levels is because the dollar is …

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By EconMatters
Good Year Performance Wise
We closed out our bond short this week and are up 42% so far this year. The reason we closed out our bond short is that we are trying to make money and control risk as much as possible in a market that frankly speaking is off its rockers! Who knows what “Fair Market Value” is …

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