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Old 11-09-2018, 08:33 AM
 
1,766 posts, read 1,217,529 times
Reputation: 2904

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Today is not a good day for stocks. FED CHAIR POWELL is not backing down. This is very good for the Dollar; not as good for stocks; especially for foreign stocks.

Powell is UNWINDING THE BERNANKE mistakes. It is not the FED's job to support the markets. The FED's job is to do what's right for America. And Bernanke simply borrowed from the future to spend today to delay deflation. So he could be the hero. And someone else (Powell) would have to be the bad guy.

Sorry but the party is over. The era of making easy money is over. Powell's FED is NOT on your side anymore. Investors and Speculators are on their own now. Let's see how SMART you really are

Good Luck!

 
Old 11-09-2018, 11:38 AM
 
21,843 posts, read 9,392,417 times
Reputation: 19335
I don't know. I watched Bernanke beg Congress to do something...anything.. so he didn't have to juice with monetary policy. Sadly, we had an anti business, high taxing president who wanted to stick it to the rich. Interesting, it kind of backfired on him because it drove the stock market up and the rich got richer. Just another example of what a lousy President he was.
 
Old 11-09-2018, 12:17 PM
 
Location: SoCal
14,530 posts, read 20,059,184 times
Reputation: 10539
Their job is to regulate the speed of the economy, slow it down when it is heating up too much, speed it up when it's stagnant.

I just believe it's not heating up too much, but they think the opposite.
 
Old 11-09-2018, 12:33 PM
 
Location: Vienna, VA
654 posts, read 421,575 times
Reputation: 680
Gold and Silver soaring, Dow Jones back over 18K for all the worng reasons, US economy slowing down


"GLD is a buy and hold now. Gold and Silver going way up from current levels."


 
Old 11-09-2018, 12:40 PM
 
106,270 posts, read 108,279,471 times
Reputation: 79811
Which is why he has zero credibility with his predictions and reasoning. I certainly don’t recommend anyone invest or react to these anti fed beliefsthat are in very post by the op

Last edited by mathjak107; 11-09-2018 at 12:48 PM..
 
Old 11-09-2018, 12:41 PM
 
Location: SoCal
14,530 posts, read 20,059,184 times
Reputation: 10539
Do we really need the Fed monkeying with our otherwise (almost) free markets?

All they're gonna make me do is start moving money into T-bills if the yield gets high enough.

In fact I think I'll open a Treasury Direct account today. The higher the prime the nicer the T-bill (notes, bonds) are.
 
Old 11-09-2018, 12:43 PM
 
5,907 posts, read 4,410,096 times
Reputation: 13437
Could this have been fit into your other Fed rant threads?
 
Old 11-09-2018, 12:46 PM
 
106,270 posts, read 108,279,471 times
Reputation: 79811
This ones different then the other 749 , ha ha ha..
 
Old 11-09-2018, 12:54 PM
 
Location: SoCal
14,530 posts, read 20,059,184 times
Reputation: 10539
Quote:
Originally Posted by thatsright19 View Post
could this have been fit into your other fed rant threads?
I'm LMAO!
 
Old 11-09-2018, 07:30 PM
 
725 posts, read 802,691 times
Reputation: 1697
The big problem with the Fed is it creates the very situations which it then responds to. It raises rates to slow down an economy (hopefully not completely stop the growth but it usually does stop it) and to jump start the economy it lowers rates which leads to the former. It is a back and forth cycle.

I’m not particularly comfortable with some entity determining the speed of the economy. I prefer the market to determine the speed of the economy and set market interest rates without the fed arbitrarily making the decision with the fed funds rate. Things are different now because the crisis changed a lot of business and banking practices. A lot of companies focus on their core and are very cost efficient and lean (the ones that are failing like sears are being shaken out). Banks are more careful with lending standards. The rise in rates may not have the same effect as it once did. Time will tell.
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