May Jobs Report Takes June Rate Hike Off The Table

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Moon Kil Woong 9 years ago Contributor's comment

Yawn, like it ever was on the table to begin with. There is always an excuse and the constant reported revisions show up their statistics to mean little if anything when first reported. Yellen will only be forced to raise rates or maybe she's looking to raise after the crash to create the second half of a new great depression. She has already completed the first half of the scenario by allowing banks to gamble (which is partially not her fault because of the revocation of Glass Stegall but still she could do more to restrict them from bathing in derivatives exposure and making companies to back derivatives that will go bankrupt in a heartbeat), by easing money throughout the whole cycle to artificially pump up prices, and by pushing the Federal Reserve into a corner where it too is leveraged and gambling as well.

All she need do now is say, "Let the nightmare begin."