{"id":6947,"date":"2015-03-29T19:27:46","date_gmt":"2015-03-30T00:27:46","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6947"},"modified":"2015-03-29T19:27:46","modified_gmt":"2015-03-30T00:27:46","slug":"did-the-fed-just-whisper-fire-in-a-crowded-market","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6947","title":{"rendered":"Did The Fed. Just Whisper \u201cFire\u201d In A Crowded Market?"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/markstcyr.com\/2015\/03\/29\/did-the-fed-just-whisper-fire-in-a-crowded-market\/\" target=\"_blank\">Did The Fed. Just Whisper \u201cFire\u201d In A Crowded\u00a0Market?<\/a><\/h3>\n<p>This past Friday saw what many like myself can only describe as a blatant example of just what\u2019s wrong with both the economy \u2013 as well as the markets.<\/p>\n<p>At precisely 15 minutes before the closing bell on Wall Street the now Chair of the Federal Reserve, Janet Yellen gave a press conference detailing further insights into upcoming monetary policy. I guess two days worth of FOMC discussions, along with a press conference detailing all that was discussed immediately after, followed by a question and answer session about all those \u201cinsights and decisions\u201d wasn\u2019t enough. For the markets remained red for the week while losing all its post FOMC pop which in itself is an ominous sign.<\/p>\n<p>At first blush some might contend, \u201cWell, that\u2019s a good thing they decided to communicate even more. Best to have any and all the information available as soon as possible. After all: more information is always better for the markets \u2013 no?\u201d<\/p>\n<p>Yes it is, however, when it exposes just how cozy (as well as frightened) monetary policy setting has moved from the appearance of setting beneficial policies that help ensure a free and open capitalistic system \u2013 to one hell-bent on serving a newer more dominant form of crony styled capitalism rampant within our markets. Where winners and losers are decided solely on their ability to manipulate their bottom line earnings \u201cbeat\u201d via access to resources made possible only via the Fed.\u2019s current zero bound stance. (i.e., ZIRP) I don\u2019t believe that was their original intent.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Did The Fed. Just Whisper \u201cFire\u201d In A Crowded\u00a0Market? This past Friday saw what many like myself can only describe as a blatant example of just what\u2019s wrong with both the economy \u2013 as well as the markets. At precisely 15 minutes before the closing bell on Wall Street the now Chair of the Federal [&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":[303,305,4512,451,534,860,1940,1939],"class_list":["post-6947","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fed","tag-federal-reserve","tag-fomc","tag-janet-yellen","tag-monetary-policy","tag-wall-street","tag-zero-interest-rate-policy","tag-zirp"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6947","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=6947"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6947\/revisions"}],"predecessor-version":[{"id":6948,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6947\/revisions\/6948"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}