[freedom1st]

Yellen got em to wait until after the election to raise rates. Yellen is nothing more than a political hack.

[CincyRichieRich]

B.s.. they know what they are doing. Scorched earth starts Nov 10-Jan 20.

Any rate increases without accompanying tax cuts crushes the economy and chaos ensues and verrrry quickly, a la 1929 and then some. That is the time Obama and the establishment like Ryan may go along with martial law to retain power.

[Zakeet]

It ain't gonna happen!

Have you considered what increased interest rates would do to the bond markets ... stock markets ... foreign exchange rates ... corporate earnings ... the economy ... the government's deficit? Do you remember what happened last December when the morons goosed them a whopping quarter of a percent higher?

The Fed Bozo's have caught themselves in a trap from which they can't escape without a system reset (i.e. depression). They know this. Investor's Business Daily knows this. Most smart money knows this.

Fed sponsored propaganda such as this article is nothing more than a pile of bull crap.

[expat_panama]

A very happy Thursday the 13th to all!  Yesterday's stocks were flat in lessening trade and IBD's "Big Picture" has our 'market under pressure' distribution count at 8 or the S&P (very bearish).   Futures see more stock losses, likewise w/ metals as gold & silver continue on that lower support level that we had back in the first half of this year.

Econ reports today include the unemployment claims:

12:00 AM Crude Inventories
8:30 AM Initial Claims
8:30 AM Continuing Claims
8:30 AM Export Prices ex-ag.
8:30 AM Import Prices ex-oil
10:30 AM Natural Gas Inventories
11:00 AM Crude Inventories
2:00 PM Treasury Budget

News---

A Federal Reserve Divided Against Itself - Mohamed El-Erian, Bloomberg
Dissent Is Growing Inside the Janet Yellen Fed - Chris Matthews, Fortune
Is Fractional Banking Benign? Tamny vs. Herbener - Tom Woods, TWS

--and FR econ threads:

• The Out-Of-Control Consumer Financial Protection Bureau Gets Its Wings Clipped
• Inequality Is Still the Defining Issue of Our Time [TPP/TRADE IS UNEQUAL]
• Fed Hawks Are Gaining Sway, September Meeting Minutes Show

[babble-on]

25 bps in Dec is baked in.

[moovova]

Well, with the economy overheating the way it is...

/s

[citizen]

Verizon to Close Call Centers in 5 States
http://www.foxbusiness.com/politics/2016/10/13/verizon-to-close-call-centers-in-5-states.html
Those jobs are probably moving to Bangalore.