{"id":59054,"date":"2021-08-19T10:05:51","date_gmt":"2021-08-19T15:05:51","guid":{"rendered":"https:\/\/olduvai.ca\/?p=59054"},"modified":"2021-08-19T10:05:51","modified_gmt":"2021-08-19T15:05:51","slug":"rabobank-does-the-fed-have-the-intelligence-to-prevent-a-collapse","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=59054","title":{"rendered":"Rabobank: Does The Fed Have The Intelligence To Prevent A Collapse"},"content":{"rendered":"<header class=\"ArticleFull_header__11o5_\">\n<h3 class=\"ArticleFull_title__2cUI6\"><a href=\"https:\/\/www.zerohedge.com\/markets\/rabobank-does-fed-have-intelligence-prevent-collapse\">Rabobank: Does The Fed Have The Intelligence To Prevent A Collapse<\/a><\/h3>\n<\/header>\n<div class=\"NodeContent_mainContent__38L44\">\n<div class=\"NodeContent_body__2clki NodeBody_container__1M6aJ\">\n<p><u><strong>You came in like a wrecking ball<\/strong><\/u><\/p>\n<blockquote><p><em><strong>\u201cThere was nothing that I or anyone else saw that indicated a collapse in 11 days.\u201d<\/strong><\/em><\/p><\/blockquote>\n<div class=\"Advert_desktop__1J5vD Advert_tablet__3QEBr Advert_mobile__1rlLc Advert_placement__1I4yb Advert_align__N0_fw\">\n<aside id=\"in-content-video\" class=\"Advert_verticallySpaced__wnPy3\" data-google-query-id=\"CNrwgMGqvfICFQW4nwodB90NIA\">\n<div id=\"google_ads_iframe_\/21841313772,21778456762\/zerohedge\/in_content_video_0__container__\">At some point ahead, if the Fed announces QE tapering at the September FOMC meeting &#8211;despite an evident economic slowdown, no fiscal stimulus, and slowdown <em>and<\/em>\u00a0\u2018reforms\u2019 in China&#8211; then the above words may come from the lips of Fed Chair Powell. At least we can assume that would be the case based on the market reaction to that implied policy path in the Fed minutes, as covered by Philip Marey\u00a0<a href=\"https:\/\/pub.raboresearch.rabobank.com\/public\/r\/BmdIWzTENnt+FjDS7QAyuw\/z+LqciAcQwM+bzZrpHO5JA\/Efcru+1v_cg8rq2UTLNb6w\">here<\/a>. It wasn\u2019t epic selling all over: but\u00a0<strong>any equity selling is a defeat for Fed<\/strong>, and overall it was the equivalent of a small Afghan provincial capital flipping to the Taliban without a shot being fired by the well-stocked local \u2018army\u2019.\u00a0<strong>Both nothingburger and harbinger.<\/strong><\/div>\n<\/aside>\n<\/div>\n<p><strong>Does the Fed have the intelligence to prevent such a collapse from happening<\/strong>? When one sees in the minutes that \u201c<em>some participants raised the possibility of imbalances arising from a protracted period of low interest rates and widely increased asset prices<\/em>\u201d one thinks perhaps not.\u00a0<strong>Do those in DC really not know what they have wrought?\u00a0<\/strong>Do those on the ground really not transmit the actual landscape upwards to the Beltway?<\/p>\n<p>While the Fed were writing this, food prices were rising sharply. Property prices were rising sharply. And in \u2018crypto province\u2019, NFTs of a penguin were being bought on a Monday for $4K and sold on a Tuesday for $7K; \u201ccute, sassy\u201d Ethereum Kitty images were being bid at up to $4K each; and Christies was auctioning NFTs, as Old Money finds it can\u2019t resist so much very new&#8230;<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rabobank: Does The Fed Have The Intelligence To Prevent A Collapse You came in like a wrecking ball \u201cThere was nothing that I or anyone else saw that indicated a collapse in 11 days.\u201d At some point ahead, if the Fed announces QE tapering at the September FOMC meeting &#8211;despite an evident economic slowdown, no [&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":[303,916,24135,24136,827,3650,4318],"class_list":["post-59054","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fed","tag-financial-collapse","tag-michael-every","tag-rabobank","tag-united-states","tag-us-federal-reserve","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59054","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=59054"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59054\/revisions"}],"predecessor-version":[{"id":59055,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59054\/revisions\/59055"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}