These people...Arrrgggghhhh

 

Bank of America warns the Fed will hike rates to the ‘point of pain’ as experts say there’s no ‘serious signs’ the economy is under control

"...the bullish confidence in America's economy may take another hit after analysts warned the Fed could hike rates up to 5.5%—despite the fact they're already sitting at a 16-year high."

(5.5% aint gonna get it done people and they all know it regardless of what they say.)

"It comes after a series of gloomy headlines for stock exchanges as February wound up: All three of the main U.S. equity benchmarks posted a loss in February as the Dow Jones sunk to its lowest level of the year to date."

(The stock market is not an indicator of how strong your economy is...Game stop anybody?)

"Then there have been the warnings from the bear side that stocks are in the "death zone."

Wall Street strategist Mike Wilson said last week that investors are running out of time to salvage their returns before risking a “catastrophic” end."

(I'd be counting on it..."a “catastrophic” end.")

"Optimism has been further shaken by an unexpected jump in inflation in January, up by 0.5% following the 0.1% increase in December."

(It wasn't "unexpected" over here. I been saying it since before it happened...I look like I got an MBA from Wharton?)

"But the resilience of demand-driven inflation means the Fed might have to raise rates closer to 6% to get inflation back to target."

(Thats where I go...

These people...Arrrgggghhhh

It isn't demand driven...

Your currency has been devalued 36-29% in the last few years...)

"U.S. Treasury Secretary Janet Yellen seemed ready to continue her battle with inflation when queried about the unexpected balloon in inflation in January."

Speaking to Reuters in India at a G20 finance leaders meeting, Yellen said there was work yet to be done but dismissed the idea that a recession is inevitable."

"She added that the fight to tackle inflation back to reasonable levels is "not a straight line," while pushing back on a report from JPMorgan chief economist Michael Feroli, Brandeis International Business School professor Stephen Cecchetti, and Columbia Business School professor Frederic Mishkin, who highlighted that the past 16 instances of the central bank interfering to reduce inflation have all resulted in a shrinking of the economy."

(So here is Yellen and her like's argument:

It's not going to happen this time 

even though it has happened every other time.

Let me ask you something.

In your lifetime, 

every time something has been done 

that has ALWAYS 

resulted in a certain outcome?

Did you continue to do that something? 

And just expect that this time it's not going to happen? 

It's ludacris and I dont mean the rapper.

it's kinda the definition of insanity.

"the past 16 instances of the central bank interfering to reduce inflation have all resulted in a shrinking of the economy."

That is absolutely the truth and this time will not be any different and in fact will be worse than the others because we artificially kept interest rates down for to long as our only means to keep the economy moving. 

Loose monetary policy, Financial crisis etc...

They know how bad its gonna be...

And they dont want you to know whats comin'.)

Yellen countered: 

"I don’t accept that as a general statement that always has to be true."

(Maybe it "doesn't have to be true", it just always has.

So what would you count on happening?

So far it's 16-0.

Which side you gonna go with?)

These people...Arrrgggghhhh