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That isn' t what i meant . You have no control over a thing other then have a plan for dealing with events as they unfold.
Having no plan but complaining is what i see here. There is nothing anyone here can take way that helps them deal with a thing .
It is back to complaining about the dealer and never learning to best play the cards
The whole Casino is corrupt. Put them in jail like they did in Iceland and bring back the Banker controls enacted during the Great Depression. Everything falls into place once the Fed spigot is formed off. ,"Passive investors" will actually have to work for their money instead of just collecting it at the Fed teller window.
Very simple. But I know, there is a segment of our society, the Oligarchs and the Oligarchs petty court, that would much rather take the money from the workers than actually work for it. These Parasites love minimum wage. They rather get rid of it altogether. Change is coming. The electorate had had enough.
Americans are way ahead of our elected officials. A survey released by the Pew Research Center last week revealed that 65% say the economic system in America “unfairly favors powerful interests.”
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Republican Presidential candidate Donald TrumpPhoto: UPI
The attitude is bipartisan, with 54% of Republicans and 73% of Democrats agreeing.
Quantitative easing was supposed to get the economy humming again; low interest rates would lead to borrowing, which would lead to expansion, which would lead to Happy Days Are Here Again.
That didn’t happen. In fact, the US economy has had the slowest post-recession gain ever. And while the most widely followed of the nation’s unemployment gauges has dropped to 4.9%, the labor participation rate — which is the number of Americans in the workforce as a percent of the total population — is at a multi-generational high.
Yellen is a defender of the unemployment rate, until she is questioned about it by elected officials. That’s the only time she’ll bring up the fact that a broader gauge of unemployment — also produced by the US Bureau of Labor Statistics — shows joblessness at 9.9%.
People believe the economic system is not only unfair, but officials are lying to them on top of it all. Guess what — they’re not imagining things.
...
Yellen has offered plenty of excuses as to why US economic growth has been so weak, and none of them places the blame on anything the Fed has done. “Headwinds” is the convenient excuse — problems in Europe, the slowing Chinese economy, drop in oil prices, currency wars, terrorism and the list goes on.
...
So what really is the problem? All of those things (except Chipotle) but mainly the fact that the Fed has tried a stealth trickle-down economic policy. By keeping interest rates so low for so long the Fed has created a secret tax on savers to bail out the US economic system.
And without their usual interest income Americans have not been able to spend as they normally would. Consumers are said to be responsible for 70% of the economy. Take away their spending power and the usual dynamics of the American economy don’t work.
The Fed’s ultra-low rates forced people into the stock market even if they normally wouldn’t tolerate the risk. This is another version of trickle-down economics — make rich stock holders richer and hope some of the benefits flow down to everyone else.
With the stock market now in trouble, it looks as if this final hope of the Fed isn’t going to happen either.
There is a publication with a great reputatiion for knowing economics , the ny post . They still don't understand every scary looking rifle isn't an assault weapon.
I love how the writer assume happy days should be here after the greatest financial collapse since the great depression.
The mere fact that most Americans are gainfully employed , not on bread lines and in soup kitchens may be all the qe's were supposed to bring us at this point.
Perhaps it brought us away from a whole world of hurt we may never experience .
So you anti fed guys just keep high fiving each other and supporting each other but without a parallel universe without qe's you have no clue what they did or didn't do. The only reason you may be going to work is just because of them despite what you think.
I am no fed lover but I am smart enough to know there were no double blind clinical trials here to compare.
Last edited by mathjak107; 02-14-2016 at 10:29 AM..
As a True Capitalist I'm disgusted of what is going on in our country. We don't have Capitalism in this country anymore. Bailing out failed companies and banks, manipulating interest rates and etc. is not Capitalism. Socialized and Government sponsored mortgage financing thru Fannie and Freddie is not Capitalism.
Fannie and Freddie run massive cash flow deficits and only have been able to keep loaning thanks to the Federal Reserve and government. One may say, but they are profitable. A profitable business that constantly runs out of cash is still an eventual bankrupt one. Same goes for large banks dependent on free zirp liquidity and QE bailouts from the Federal Reserve.
This Fed policy is destroying the economy as it has destroyed growth already. Negative rates will be even worse for the real economy.
Give me a name of a country that has true capitalism. Really name one, my understanding there is none. Baring some small countries that I'm not even aware of.
The whole Casino is corrupt. Put them in jail like they did in Iceland and bring back the Banker controls enacted during the Great Depression. Everything falls into place once the Fed spigot is formed off. ,"Passive investors" will actually have to work for their money instead of just collecting it at the Fed teller window.
Very simple. But I know, there is a segment of our society, the Oligarchs and the Oligarchs petty court, that would much rather take the money from the workers than actually work for it. These Parasites love minimum wage. They rather get rid of it altogether. Change is coming. The electorate had had enough.
If I understand correctly, you voted for the guy who is in charge of this country 8 years ago. How did all that hope and change work out for you? Not to sound Palin like but that is in a nutshell.
What we have here is absolutely nothing to do with capitalism. What we have is a C Central Planning Committee called the Fed picking the winners, the Billionaire Class.
This kind of system is called an Oligarchy and it is exactly the same as Korea, Russia, China, Germany, France, Etc. So no use movimg there. The Billionaire Oligarchs rule everywhere.
But thanks for the nonsensical suggestion anyway.
You have a choice, move to where you find true capitalism. Thousands of people denounce their citizens hips every year in USA. Vote with your feet.
The Fed lowered interest rates too low and left them low too long. Time to raise the rates on a slow but consistent basis and let the economy adjust. Their target should be in the 3-5% range.
The Fed lowered interest rates too low and left them low too long. Time to raise the rates on a slow but consistent basis and let the economy adjust. Their target should be in the 3-5% range.
It is the correct thing to do, but normalizing rates while the Central Bankers are losing rates everywhere else creates an enormous problem with currency movement and would probably upend the social and political fabric of countries on all continents. I don't think the Stooges of the Fed have the stomach for it.
Instead they'll let the Ponzi Scheme they created collapse on its own weight and then they'll wrote a mea culpa book of how they were surprised.
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