Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
that is why i laugh at reading these solutions to the most complex financial issues the world has seen .
I laugh at that one, it is an inside joke that I care not to share.
Quote:
Originally Posted by mathjak107
they have all the solutions to all the issues , based on the seat of their pants
That is about the long and the short of it.
Quote:
Originally Posted by mathjak107
or what they hear other mis-informed economist wannabee's parrot . .
Can you find where I'm quoting someone else without giving credit where it belongs?
Quote:
Originally Posted by mathjak107
in the mean time many of them believe so much bunk to be true they fear acting doing anything that improves their financial outcome .
I read a paper once that talked about what age the crops of richest people in the world were, you get a cluster of them the same age and at the same time.
Bill Gates he started in the late 1970's. The economy sucked then, it was a good time to start to build a fortune. Now is the time to start to build a fortune if you are so inclined to do so. I'm taking my shot at it.
Quote:
Originally Posted by proulxfamily
I know what you mean re: The Federal Reserve.
Unfortunately, I think the only correction that's possible in these times is a complete collapse... one he!! of a reset button. People will die; it will be beyond devastating. I wish it didn't have to happen but it will happen. The current economic situation and its possible outcomes are not sustainable. And with how so many pretend that the threat isn't there (or simply don't know), that will make it all worse. Those who aren't prepared will not be.
Actually, mistakes are made by those regarded with authority. Like the saying Question Authority, makes sense. Too me it is pretty obvious the Fed is afraid of asset prices lowering hence signaling an economic slowdown but it may be just a temper tantrum.
Yellen has stated she wants housing to drive the recovery.
It doesn't not directly, but it doesn't cost any money to do so and it gets me out of the weather and keeps me busy.
I'm not in the financial game, not in the job game, But there is a small amount of influence that an anonymous person on a message board can influence regarding the direction the world goes.
keep thinking that you complaining here that anything will change . i have not seen a thing change over the 40 years of me working .
i am the one that gets up every day , goes to work day in and day out and is responsible for everything good or bad in my life .
ultimately you are in the drivers seat and ultimately it is you that needs an actionable plan . you want to complain after you are on a successful path ? that is fine but devoting time and resources to doing nothing actionable and just complaining is sure to lead you down a path of financial suicide
I'm not in the financial game, not in the job game, But there is a small amount of influence that an anonymous person on a message board can influence regarding the direction the world goes.
keep thinking that you complaining here that anything will change . i have not seen a thing change over the 40 years of me working .
i am the one that gets up every day , goes to work day in and day out and is responsible for everything good or bad in my life .
ultimately you are in the drivers seat and ultimately it is you that needs an actionable plan . you want to complain after you are on a successful path ? that is fine but devoting time and resources to doing nothing actionable and just complaining is sure to lead you down a path of financial suicide
I am disabled, when I had an adequate support structure I was working just fine, take that away and I've missed 15 years of work.
You play the cards you were dealt, and I'll play the cards I was dealt.
I've seen a $10 hr minimum wage hit the national agenda, and I've seen a $15hr minimum wage hit the national agenda. Japan is doing some of the things I've been talking about.
Influence Vs. control. Control is easy to track, influence is less so.
I've said some things to some people, then seen some changes in how things are done. With the way you've twisted what I've said I care not to share what those things are with you.
Actually, mistakes are made by those regarded with authority. Like the saying Question Authority, makes sense. Too me it is pretty obvious the Fed is afraid of asset prices lowering hence signaling an economic slowdown but it may be just a temper tantrum.
Bias, there are a lot of vested interest exercising influence for their own gain. That at time happens at everyone else's expense.
Targeting 20% inflation is achievable. A 2% real inflation rate isn't. You can go from 20% to 2% inflation rate, it is very hard to go from 2% deflation to 2% inflation, without going through 20% inflation first.
I tend to read the first 2/3 of papers and books on economics. The reason I don't read the last 1/3 is that is where they draw their conclusions. I think through their research and draw my own conclusions.
Quote:
Originally Posted by mathjak107
we tend to parrot and support those who share the views we adopted as our own from others .
I agree with the first part of this, the second doesn't tend to hold with me. I've got a thinking disorder, I can do it.
Quote:
Originally Posted by mathjak107
but many times our views are taken from other mis-informed people .
In most cases you are 100% correct.
The way the math is set up in economics determines what you see. Set the math up differently and you see different things.
Economics is bad for having started with a political agenda and making the math fit the agenda. Capitalism, Socialism, I think I belong to practicalism.
Obviously non of us on this board can truly influence economic policies but we can complain, voice concern & state the obvious. My original post was simply complaining that the path we are on seems to be creating bubbles which at some point in time the Fed will have to come up with an actionable solution to QE tactics. Wall Street will never cheer Fed tightening and will continue with the ME, ME, ME attitude as opposed to what is the most healthy for our long term economic stability.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I read a paper once that talked about what age the crops of richest people in the world were, you get a cluster of them the same age and at the same time.
