It is not the FED's job to juice the markets (bonds, fund)
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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
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.
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..
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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