Loading ...Swan Dive: The head back, back arched, and arms spread sideways and then brought together above the head to form a straight line with the body as the indices go straight down into the water.
Indices Swan Diving: https://finviz.com/futures_charts.ashx?t=INDICES&p=d1
I guess the PMs are going down in sympathy. Until they wake up and realize, the indices are not in the inflation sand box and the indices are in over priced sand box.
Story: Treasury yields above 1.5% after Powell Spoke:
Parts:
Powell emphasized that interest rates would remain near zero until labor-market conditions are consistent with maximum employment, and that the economy has a “significant amount of ground to cover” before that is achieved. And while he hesitated to provide a timeframe to start slowing the Fed’s $120 billion of monthly bond purchases, he reiterated that the central bank will provide plenty of advance notice. I would be concerned by disorderly conditions in markets, or a persistent tightening in financial conditions.”
““Fed policymakers have essentially said they are comfortable with yields rising at least a bit more from here. We suspect that if the [10-year] yield were to reach 1.75% in a matter of weeks, not months, the Fed may feel inclined to change its tune,””
Comment:
These unqualified financial leaders, bankers, running the system have a lot to learn. They caused numerous fiascos after 1913, and 1933 hyperinflation in Germany caused Hitler to get voted in and we all know how that unfolded. The USA went into deflation after 1929. You would think they got a hint back in the day, that their 1913 objectives had flaws.
As things stand if the Idiot Fed wants maximum employment in the USA they need a much lower minimum wage. Cheaper wages over time will encourage people to open or start businesses and hire people. Wages lower than inflation is what’s been going on since 1970. And we have a multi trillion national debt and lower living standards.
So maximum employment thru lower wages, more businesses and taxpayer jobs and fake environment jobs created out of thin air has been an incorrect objective. They should hang up their pride, get a handle here, and ask me for help. Like I said, these well educated Bozos have a lot to learn about economics. “Keep it simple stupid”.
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