I've Seen That Movie Too?
Over at Danielle DiMartino Booth's Blinding Flash of The Obvious -
That should have been the plan of action starting years ago. But this isn't about rational behavior (denial) or doing what is right or makes sense.
Are we awaiting a reappearance of Joshua-bar-Joseph? An epiphany of the obvious and sudden infusion of common sense? All the jawboning, posturing, pontificating and waiting, caressing, stroking, for what? This is not fore play to getting busy, it's cold, hard business.
Speaking of that type of business, far more important to maintenance of their stature is, their sponsors agenda. That being the value extraction at ZIRP and NIRP which is being allowed to play out.
So, why should they, suddenly go off queue and script? Much like the chief marionette du jour, do anything outside of SOP that does not benefit them, could harm their status, or that could bring about substantial change?
Newsflash, they won't, or else, read my comment below, I've seen this movie too. Deviation from said script in hand, can be harmful to one's health and welfare.
All Fed heads have had the best acting coaches in the business. Hollywood's got nothing on these cats. Otherwise how could they maintain a straight face while spewing out such blasphemous BS, believe it or not.
Sponsors say jump, they say how high? Sponsors say dance, they say Waltz or Salsa? You get out of line, its SO-SIC time = Scandal or Skeleton in Closet. You really piss us off, its run DMC time = Death by Mysterious Circumstance.
The above holds true for the Fed, and ALL branches of government (judicial, legislative and executive) at ALL levels, Federal, State, County, City.
The beauty is, once you know their agenda and MO, you can bet the farm on the "predictability" of their action or inaction. It's fairly obvious, like predicting the behavior of a small child, regardless of right or wrong, it's all about me, me, me and more, more, more.
"Betting somebody in denial is bluffing, is like the same as betting somebody insane will change their behavior without force." - CITOCThe Nattering One muses... I agree with you in getting off the zero bound, the BSM narrative is the Fed's only chance to raise, and raise they must, and rapidly. So that later they can lower again. But that's not in the cards, because the deck is stacked from the git go...
That should have been the plan of action starting years ago. But this isn't about rational behavior (denial) or doing what is right or makes sense.
Are we awaiting a reappearance of Joshua-bar-Joseph? An epiphany of the obvious and sudden infusion of common sense? All the jawboning, posturing, pontificating and waiting, caressing, stroking, for what? This is not fore play to getting busy, it's cold, hard business.
Speaking of that type of business, far more important to maintenance of their stature is, their sponsors agenda. That being the value extraction at ZIRP and NIRP which is being allowed to play out.
So, why should they, suddenly go off queue and script? Much like the chief marionette du jour, do anything outside of SOP that does not benefit them, could harm their status, or that could bring about substantial change?
Newsflash, they won't, or else, read my comment below, I've seen this movie too. Deviation from said script in hand, can be harmful to one's health and welfare.
All Fed heads have had the best acting coaches in the business. Hollywood's got nothing on these cats. Otherwise how could they maintain a straight face while spewing out such blasphemous BS, believe it or not.
Sponsors say jump, they say how high? Sponsors say dance, they say Waltz or Salsa? You get out of line, its SO-SIC time = Scandal or Skeleton in Closet. You really piss us off, its run DMC time = Death by Mysterious Circumstance.
The above holds true for the Fed, and ALL branches of government (judicial, legislative and executive) at ALL levels, Federal, State, County, City.
The beauty is, once you know their agenda and MO, you can bet the farm on the "predictability" of their action or inaction. It's fairly obvious, like predicting the behavior of a small child, regardless of right or wrong, it's all about me, me, me and more, more, more.
"As for those bubblicious markets, they're sure to be upset once they get the first whiff of that recession we just discussed. " - Danielle DiMartino BoothSaid bubbles will pop if those who are under the MSM spell, regain their wits and perhaps before hand. Know this, for you, Heidi, Helga, Clarissa, Desiree and the rest who are Sleepless in The Alps, unfortunately, I've seen this movie too. Happy ending? TBD.
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