{"id":43735,"date":"2019-02-11T15:35:46","date_gmt":"2019-02-11T20:35:46","guid":{"rendered":"https:\/\/olduvai.ca\/?p=43735"},"modified":"2019-02-11T15:35:48","modified_gmt":"2019-02-11T20:35:48","slug":"rant-alert","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=43735","title":{"rendered":"Rant Alert"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/northmantrader.com\/2019\/02\/11\/rant-alert\/\">Rant Alert<\/a><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><a href=\"https:\/\/i1.wp.com\/northmantrader.com\/wp-content\/uploads\/2019\/02\/rant-alert.png?ssl=1\"><img decoding=\"async\" src=\"https:\/\/i1.wp.com\/northmantrader.com\/wp-content\/uploads\/2019\/02\/rant-alert.png?resize=224%2C121&amp;ssl=1\" alt=\"\" class=\"wp-image-58050\"\/><\/a><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Warning. Rant Alert: The global central bank easy money experiment has failed and it is past time that central bankers stopped bullshitting us and just admitted it. Europe is about to enter a recession and rates are still negative, the US Fed just tried to reduce its balance sheet with the greatest economic backwind in years (tax cuts, record buybacks, 3% GDP growth) and still they failed miserably, forced once again to halt all rate hike efforts. After 10 years of being non stop \u201caccommodative\u201d the Fed tried for 3 months to not be accommodative and it blew up in their face as the bottom dropped out of markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Only emergency liquidity calls from Cabo by Treasury Secretary Mnuchin and a complete 180 degree reversal by the Fed stopped the bleeding. Again.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And so once again the Fed is asking us to play chase the dot plot. Always dangling higher rate forecast targets that never come to fruition:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/northmantrader.com\/?attachment_id=57958\"><img decoding=\"async\" src=\"https:\/\/i1.wp.com\/northmantrader.com\/wp-content\/uploads\/2019\/02\/Fed.png?resize=639%2C145&amp;ssl=1\" alt=\"\" class=\"wp-image-57958\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Not playing anymore. For 10 years we\u2019ve watched the dot plot being moved further and further into the future only to see it all flat line again now with a&nbsp;renewed halt in rate hikes and an end to reducing the balance sheet. The conclusion is pretty clear:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Fed is trapped, the ECB is trapped, the BOJ is trapped all doomed to intervene forever and ever amen always afraid to see markets go through a process of repricing and squeezing out the artificial asset inflation that 10 years of permanent intervention have wrought.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All are too afraid of the next recession and aim to avoid it at all costs. And who can blame them? The prospect of entering a global recession without enough ammunition to deal with it is a frightening prospect.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rant Alert Warning. Rant Alert: The global central bank easy money experiment has failed and it is past time that central bankers stopped bullshitting us and just admitted it. Europe is about to enter a recession and rates are still negative, the US Fed just tried to reduce its balance sheet with the greatest economic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,303,6126,7542,23808,3650],"class_list":["post-43735","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-fed","tag-global-central-banks","tag-northman-trader","tag-sven-henrich","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43735"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43735\/revisions"}],"predecessor-version":[{"id":43736,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43735\/revisions\/43736"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}