ANYONE HOPING THAT A WEAK JOBS NUMBER TOMORROW WILL CAUSE A STOCK RALLY BASED ON RATE CUTS BY THE FED...IS DELUSIONAL!
BUT THEN THE ENTIRE MARKET IS A BIT DELUSIONAL ALL THE TIME.
STILL THE RAISE IN GAS AND GOLD ...AND THE DANGEROUS WEAKNESS OF THE DOLLAR LATELY IN VIEW OF THE WARS AND DEFICITS IN WASHINGTON ARE WHAT THE FED WILL REALLY BE LOOKING AT...
THE DOLLAR IS NEVER MENTIONED BY THE FED...OR BERNANKE...IN ANY STATEMENT ABOUT POLICY...
THE USUAL DEFAULT EXCUSE IS "JOBS" AND A "STRONG CONSUMER"...AS IF THE FED HAS BEEN MAKING POLICY FOR THE "LITTLE PEOPLE" ALL ALONG...LOL!
THE FED ALWAYS USES SCAPEGOATS IN IT'S POLICY LANGUAGE...BIG LABOR, NASTY ARABS, CREDIT CARD USEAGE, A SPENDTHRIFT CONGRESS (USUALLY READ AS DEMOCRATS)...
THE REAL CAUSES ARE NEVER MENTIONED...
TO WIT: PRINTING MONEY FOR ASSET INFLATION... THIS IS NEVER MENTIONED.
SO IT'S IMPORTANT TO KEEP THE HEADLINE BULLSHIT IN THE BACKGROUND AND LOOK AT THE REALITY OF THE CURRENCY AND BOND MARKETS TO PREDICT FED POLICY...
I WOULD NOTE THAT THE ENTIRE FED/US HOUSE OF CARDS IS DEPENDANT ON THE BANK OF CHINA...AND THE BANK OF CHINA HAS BEEN ISSUING REASSURANCES LATELY...EVEN WHILE MAKING BIG POLICY CHANGES SOON AFTER...
THE BANK OF CHINA IS MORE IMPORTANT THE THE COMING JOBS NUMBER IN SETTING FED POLICY... BUT YOU'LL NEVER READ THAT IN THE HEADLINES!
LUCKY TO GET THAT BIT OF NEWS IN ONE SENTENCE OF A RARE BEARISH BACK PAGE OP-ED...!
