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“Tomorrow Is The Big Day”

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Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

zerohedge.com / By Mike O’Rourke / June 18, 2013, 20:56 -0400

From Mike O’Rourke of Jones Trading

Fed-stivities

Drum roll please … Tomorrow is the big day. 

Market participants have been primed and prepared to watch for any changes to the Fed’s forecast.  The current Fed forecasts for key metrics are as follows.  The 2013 Unemployment Rate is 7.4%.  For the 2014 Unemployment Rate, the Fed is forecasting 6.85%.  The Fed’s 2013 real GDP forecast is 2.55% and its 2014 forecast is 3.15%.  The game plan that Fed watchers have telegraphed is as follows.  If the Fed’s economic forecast remains unchanged, the reduction in the amount of QE purchases (a.k.a. tapering ) should commence in September or October.  If the forecast is raised, then look for tapering to commence in July or September.   If the economic forecast is lowered, then tapering is pushed back to December or 2014.  The charts below illustrate the Consensus Forecast and the Fed’s forecast for the Unemployment Rate and real GDP for 2013 and 2014.

There is a belief among many in the market that now that the Chairman has jawboned the equity market sideways and the bond market down, the Fed will back off.  The thinking is now that bond yields are rising (including some rates), the Fed would like to remain low, and the Chairman could indicate tapering is postponed.  We believe this thinking is the result of having a Fed Chairman for 7 years who has done nothing but ease.  To be fair, when his tenure commenced the Chairman did finish Chairman Greenspan’s tightening cycle in early 2006.  When it came to ending QE or Twist in the past, the end dates were all clearly telegraphed early on in the program.  The process for QE3 has been quite different.  We don’t ascribe to the Pavlovian view that the Fed will continue to postpone the inevitable.  That being said, the belief in the Fed’s lack of tightening credibility has paid handsomely over the years.

READ MORE

Thanks to BrotherJohnF


Source: http://silveristhenew.com/2013/06/18/tomorrow-is-the-big-day/


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    Total 31 comments
    • mhmd

      ~1~((( O people Say No God But Allah, Achieve Eternal Salvation )))

      ” Laa illaha illa lah .” (There is none worthy of worship except Allah.)

      ( I bear witness that there is none worthy of worship except Allah and I bear witness that Muhammad is His servant and messenger )

      ( Introduction to Islam )

      http://www.blogger.com/profile/00783655376697060967

      • XPAT-Unlisted

        Good luck with that.

      • carsonking

        If Allah is real, he hates Muslims, cus he certainly hasn’t given you the tools to enhance your life on earth, unlike the christian or Jew god (if he exists), who made them leaders, inventors, farmers and scientists. Your god made you backward and so weak you have to hide behind kids to fight.

        • Praise Jebus

          wow,you are stupid! :roll:

        • wizard

          Your ignorant. :razz: Check out muslim inventions.
          citric acid
          nitric acid
          windmill
          pottery
          coffee…….
          continue with your consumerism and GMO :mrgreen:

        • morris adams

          really wizard???
          you think you’re so smart and you come up with citric acid? so i guess next you’ll say that anita bryant didn’t invent orange juice. when you say someone is ignorant, it’s you’RE ignorant, not your ignorant, you must’ve meant your ignoranCE which is what you show every time you reply here, because you have no opinion of anything, you simply bash on everyone else’s comments. i guess the muslims took a boat over to jamaica, south america, planted coffee and left. then went to holland planted windmills and left. then went to all indian villages all over the world, planted pottery and left. i have no idea what nitric acid is. must be key ingredient in an IED, yet again, they plant ‘em and leave. if you think that all muslims being gone tomorrow would be a bad thing, URINE IDIOT! ——-get it??

        • Anonymous

          morris idiot..

          you think its just necessary to be rid of muslims… or all other religions as well?

          if you truly believe it is only muslims that have a monopoly on all things evil and are the cause of all the worlds woes, id just like for you to confirm that, because doing so would also be confirmation of your total ignorance as well.

        • carsonking

          Ha ha ha citric acid, ha ha ha. Don’t see anything on that list thats remotely AD. Ignorant, why, because you don’t like what I said? Liberals, can’t live with em, not allowed to shoot em. I have nothing against Muslims, only the religious ones, like the Christians, they are all a pain in the butt and should be banned from being practiced outside of church.

        • cece

          @wizard…..Actually, Greek mathematician Heron of Alexandria designed one of the earliest windmills in 1 AD. With the help of winds the machine was powered. The French chemical engineer, Camille Alphonse Faure developed the first windmill for electricity production and it was installed by Professor James Blyth of the Anderson’s College in 1887.

          The Sioux Indians in 3700B.C. are greatly known as the pioneers of pottery.

          Based on historical accounts, the Ethiopians were the first to discover the ability of the coffee bean plant to energize human beings. Highlanders started to cultivate beans way back to the ninth century.

          As for citric acid, unless they also invented the citrus fruit, there is already a natural acid in citrus.

          I will give you the nitric acid, though.

        • Eldrich

          the Greeks and Hellenes made many discoveries and inventions and yet they are not ascribed as pagan inventions .

          the middle east is composed of all kinds of ethnicity , Iraqis are not Egyptians and certainly not Persians nor are they Arabs from Arabia ..the birthplace of Islam .

          it is worthwhile to mention that most “Islamic” inventions are not Arab per se , there weren’t many Arabian scientists ..but there are many inventors from Babylon and iraq area and also many Persian mathematicians etc…

          both Hellenes and Babylonians , Sumerians and Egyptians were Pagans .

          Persians had the religion of Zarathustra and not many people know that it had huge influence on both Judaism and Christianity in its infancy before it was canonized in Nicaea at 325 ad .

          also , the renaissance was a period in which Hellenic knowledge reemerged in Europe including pagan myths beliefs and practices …coincidentally .. it was also a period of great inventions and progress

        • ThenAgain

          You mean like the zio/jews have murdered and thieved more gentiles/muslims than any group in history. Do you think it’s an accomplishment that they’ve taken over banking, the media, did all the false flags including 911, while blaming the ‘muslims’ of course. It’s an accomplishment, but not a good one. http://www.apfn.org/apfn/wtc_stf.htm They also ginned up the holohoax to rip off the average US citizen dupe. search holohoax. Muslims have been a scapegoat, and the moron who posted the first comment is ikely a zio troll trying to keep the anti muslim nonsense going.

      • Louis

        Jesu Rex Fili Mariae in secula. (King Jesus Son of Mary in all ages forever.)

        • ThenAgain

          What does that post have to do with anything.

      • Panzzer

        I pity those who believe that.

      • Corruption Killer

        Yeah Muhammad is a traitor to his own Muslim people. Be dumb enought to sacrifice yourself for Allah. In return you will recieve 72 virgin Muslim girls/women? so damed ugly they had to make it law to keep their hideous shells covered. So please blow yourself up and get out of our face. We already know what lack of education bought you. More like hell in anyones description even if it did exist.

        • ThenAgain

          You mean like zio/jews who call You, all gentiles ‘goyim’, meaning ‘stupid cattle’, right? Zio/jews are behind all the destruction that you know of including 911 so save your anti muslim rhetoric. The first poster is likely a zio/jew troll attempting to keep the anti muslim bs going. Your comment shows you know nothing. Get informed.

      • Breadalban

        ‘Laa illaha illa lah’ isn’t that the first line to Lady Gaga’s, ‘bad Romanace’ ?

      • StraightDopes

        mhmd has proven his point – allah is a very mighty god – he is, by far, the best thread hijacker amongst the commonly worshiped deities.

        hey… just what IS it about islam and hijacking things?

        :wink:

        relax, my musbros, it’s just a joke

        • ThenAgain

          It’s not a ‘joke’ when anti muslim bs created by zio/jews has allowed the takedown of the US by zio/jews because people have stupidly ignored the facts. There was no ‘islam’ ‘hijacking things’. Zio/jews did 911. Get informed.

    • bigron4570

      Has Muhammad ever been raised from the dead NO has Jesus Christ been raised from the dead YEP.I tell ya right now i am sick and tired of hearing people slander the name of my saviour Jesus Christ BUT we are not suppose to say a bad word against your Allah becuase it might affend the the people of islam.Well i for one am going to take a stand for my Lord and saviour Jesus Christ.I will praise and honor the risen saviour.

      • Mr A Hole - PHD, BSE, HN51, ADHD hons. DVT HIV

        Yeah well I’m sick of all you religious idiots.

        What has your rantings got to do with gold…. ??

    • Don't be hating!

      Religion will end this world if you all wish it. Divided you fall, United we rule! Don’t be hating Muslims or any belief among people! Love each other because at the end, all you have is each other!

      • ThenAgain

        True enough except for the zio/jews who are behind All of the US and world destruction and the hate mongering. All of it. They own the fed reserve, all the media, control the congress/senate, control education and are behind immigration to break the US. Start with my link above and go from there. They want everyone divided, except for them. Indeed muslims and christians have quite a bit in common. Of course there are radicals in every group, but the normal of the groups are not the disparate entities the zio media want us to believe.

    • jasong

      Come on people we are all humans and share the world as our home.
      I really wish everyone could just love everyone no matter race, religion, how wealthy or how poor someone may be, etc etc…. “come on people now smile on each other, everybody get together come and LOVE one another right now”. :)

      People of this world….. I LOVE YOU!
      even if i get no love from the people of this world
      I STILL LOVE YOU!

      • StraightDopes

        AWWWWWWW…….

        that was nice :grin:

        i love you, too

      • wakeup

        Rome created all the religion for one reason only, so they could keep up divided, make money of all the weapons they make. They sit back and hide, while the people’s kill eachother over lie’s. I guess they think it’s good way to control population.

    • Anonymous

      The entire economic system built on CREDIT is the giant balloon waiting to pop!

    • Anonymous

      Did this happen? Does not look like it.

      FAILED prediction.

    • A Patriot

      exactly which tomorrow are you talking about? this story has been here for days. BS alert

    • TombRaider

      Yes it is but tomorrow never comes…..

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