Investing General Discussion

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Blazin

Blazin

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I need a special monitor just to watch on Fed days that can handle being struck repeatedly, they are infuriating. What I would give to be allowed to sit in on just one FOMC meeting and give me 15 mins to talk and and ask them questions. Would probably just have to walk away with the realization just how unsuited for their jobs these people are. He isn't an idiot, but they live in a bubble that blinds them.
 
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Sanrith Descartes

Sanrith Descartes

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Borzak said:
I believe after the Carter mega inflation years the first thing they did was cut out the money supply pumping and then up the interest rates. I guess not having another stimulus counts as cutting the money supply but....
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Google Paul Volcker. Your questions will be answered and you will be in awe of what a real Fed Chairman acts like.
 
Sanrith Descartes

Sanrith Descartes

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Blazin said:
I need a special monitor just to watch on Fed days that can handle being struck repeatedly, they are infuriating. What I would give to be allowed to sit in on just one FOMC meeting and give me 15 mins to talk and and ask them questions. Would probably just have to walk away with the realization just how unsuited for their jobs these people are. He isn't an idiot, but they live in a bubble that blinds them.
Click to expand...
The tweets in response to his speech are comic gold.
 
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Big Phoenix

Big Phoenix

Pronouns: zie/zhem/zer
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You can tell Powell is continuing to speak lawl.
Blazin said:
He isn't an idiot, but they live in a bubble that blinds them.
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None of the choices they make or dont make have any impact to them. The absolute worst that happens is they lose their job and keep the god knows how much money they where able to make of their privileged information while they then go ply their connections and insider knowledge somewhere else. Its what happens in any system where the powers that be have no personal stake in it.
 
Zog

Zog

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He just knows he cant raise rates because it will bankrupt the government, his only other way to combat inflation is the balance sheet. It honestly makes sense to me why he is doing what hes doing. Politics infects everything. Thats why he said he wont sell treasury notes.
 
Blazin

Blazin

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Big Phoenix said:
You can tell Powell is continuing to speak lawl.

None of the choices they make or dont make have any impact. The absolute worst that happens is they lose their job and keep the god knows how much money they where able to profit off of their privileged information while they then go ply their connections and insider knowledge somewhere else. Its what happens in any system where the powers that be have no personal stake in it.
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These guys get a much bigger hard on from thepower of their position than making money. I don't think powell cares about his wealth at this point, but he does get a little a clit boner behind the podium just like janet while playing god.
 
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Blazin

Blazin

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Zog said:
He just knows he cant raise rates because it will bankrupt the government, his only other way to combat inflation is the balance sheet. It honestly makes sense to me why he is doing what hes doing. Politics infects everything. Thats why he said he wont sell treasury notes.
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No and yes. They are not concerned about interest on the debt when it doesn't even match inflation rate. But yes politics plays a large role in how elitist view the world.
 
Sanrith Descartes

Sanrith Descartes

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BTC mirroring stock movements since 2pm because...

Who Knows Idk GIF
 
Blazin

Blazin

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So somehow the market could take 2% fed funds rate in 2018-19 but now we can't even handle 0.25%. 7% inflation (which we all know is BS) and we are at Z E R O.

11 million job openings and we are at Z E R O.

Can you imagine what an economy would look like that Janet Powell here would need more immediate action? Like seriously what it would look like, say the number, what would warrant action?
 
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Borzak

Borzak

Bronze Baron of the Realm
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Sanrith Descartes said:
Google Paul Volcker. Your questions will be answered and you will be in awe of what a real Fed Chairman acts like.
Click to expand...

Yeah I remember. I was a mega nerd as a kid. We took 4 papers a day and I read them front to back. 2 local a morning and afternoon paper, the Houston Chronicle, and the Wall Street Journal.

But yeah recently watched a documentary on the period.
 
Zog

Zog

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The market is overreacting, if anything this should be bullish for stocks.

More inflation = higher asset prices, eventually people should come to this conclusion.

I think Sandris is right, people looking for any excuse to sell.
 
Borzak

Borzak

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Uncertaintity, I would say that's it when nobody knows what the fed is doing and when.
 
Gravel

Gravel

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Left to go hang some garage storage before the Fed meeting. Come back and everyone is talking about how everything is fine and the Fed said nothing of importance. Meanwhile the market took a massive shit and I can't figure out what happened?
 
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Borzak

Borzak

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But you can make a TON of money at work and the market. Nevermind the fact that a candy bar is now $20 you make more money and that's the selling point. My grandmother died at age 100 and I heard it until the day she died almost, she missed 20% CD's lol. Of course she didn't spend any money.
 
Jysin

Jysin

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Seems like uncertainty. Markets hate uncertainty. Powell came out like a wet noodle dodging everything and carrying on like business as usual.

Hell, I think at this point the market would have rather him just simply come out and say raising X on X date. We're all left just wondering wtf their direction is.
 
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