Santelli Exchange: Central banker backstops need to stop

http://video.cnbc.com/gallery/?video=3000555447

what Santelli misunderstood is this: FRB cannot buy private sector equity with its own decision.

전례를 보면, 누가 정하냐? CONGRESS will decide it. 결국은 career politician 이 문제네.

I really can’t believe this.

I can’t believe what the FRB did today.

No rate hike?

Interest rate has been so low for a long time. Any small rate hike will be disastrous as time goes on.

I still can’t believe it.

The US bond market will be peaked during September…….  I don’t think it will hold until December. Normalizing the rate is definitely needed!!!!!!!!!!!!!!!!!!

 

 

Rate hike?

Nobody has a damn clue at this point.

However, considering the US bond market, my answer is “yes”.

So, November seems right, but September has a formal meeting. What’s FRB’s choice????

Ms. Yellen, pretty please ….don’t give a damn about other markets. You have to save your bond market.

Sunset is alway the prettiest before nightfall

You catching my drift?

 

BTW, this is a shot from the Michigan lake.