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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Here It Comes: New York Fed President Says "If Economy Weakens Further, Would Consider Negative Rate

    Lobo
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    Here It Comes: New York Fed President Says "If Economy Weakens Further, Would Consider Negative Rate Empty Here It Comes: New York Fed President Says "If Economy Weakens Further, Would Consider Negative Rate

    Post by Lobo Fri 15 Jan 2016, 9:43 pm

    Here It Comes: New York Fed President Says "If Economy Weakens Further, Would Consider Negative Rates"
    Here It Comes: New York Fed President Says "If Economy Weakens Further, Would Consider Negative Rate Picture-5
    Submitted by Tyler Durden on 01/15/2016 09:43 -0500








    inShare77
     
    Remember when the Fed's dots - less than a month ago - suggested there would be 4 rate hikes in 2016? Ah, the memories. Well, you can not only forget that (now that the market is estimating the next rate hike will come in October if ever), but it appears that the Fed will follow Kocherlakota's advice after all and not only cut rates (the possibility of a January rate cut now is 10%), but will pass go, and collect negative rates:

    • DUDLEY: IF ECONOMY WEAKENED, WOULD CONSIDER NEGATIVE RATES

    After today's atrocious, recessionary data, one can be certain that the Fed is furiously considering negative rates.
    While the comment came from the Dudley Q&A, his full speech can be found here.
    And just to add confusion, here is a spurious Bloomberg headline which will hardly aid matters:

    • YELLEN SAID IN 2010 JAPAN-STYLE DEFLATION `WORST-CASE SCENARIO'

    So both NIRP and more QE, just as anyone who is not a tenured economist or drama major predicted.
    http://www.zerohedge.com/news/2016-01-15/here-it-comes-new-york-fed-president-says-if-economy-weakens-further-would-consider-

      Current date/time is Tue 26 Nov 2024, 7:48 am