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Location: In a city within a state where politicians come to get their PHDs in Corruption
2,907 posts, read 2,067,707 times
Reputation: 4478
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I, for the life of me don't understand how clueless these economists must be on the Fed panel. First, they lower rates to nothing for a loooong time and print trillions--call the inflation "transitory", and now are on a war path in the complete opposite, and then they'll reverse again.
How can they not see they're committing the same mistake now as they did three years ago? Same flawed thinking based on "data" that's at best lagging, at worst, irrelevant.
Location: In a city within a state where politicians come to get their PHDs in Corruption
2,907 posts, read 2,067,707 times
Reputation: 4478
Quote:
Originally Posted by mathjak107
the fed has always over did things , both going up and going down
That could be an excuse in the old days when the reports they used to gauge were the only source of information. Information is real time now and it's readily available from everywhere.
It's just people who spend all day justifying their jobs and soothing their fragile egos. Nothing more than bastardization of economy.
I, for the life of me don't understand how clueless these economists must be on the Fed panel. First, they lower rates to nothing for a loooong time and print trillions--call the inflation "transitory", and now are on a war path in the complete opposite, and then they'll reverse again.
How can they not see they're committing the same mistake now as they did three years ago? Same flawed thinking based on "data" that's at best lagging, at worst, irrelevant.
Boy, they’re in a tough spot tomorrow. Continue raising and watch banks continue collapsing. Pause or cut and set off market panic as market participants will see that as a sign of weakness and concern for the broader economy. Pick your poison.
I'm patiently waiting to see if the Feds will raise the interest rates again. I don't know how that would help any. It would seem like pouring gasoline onto the fire.
Location: In a city within a state where politicians come to get their PHDs in Corruption
2,907 posts, read 2,067,707 times
Reputation: 4478
Quote:
Originally Posted by My Kind Of Town
Boy, they’re in a tough spot tomorrow. Continue raising and watch banks continue collapsing. Pause or cut and set off market panic as market participants will see that as a sign of weakness and concern for the broader economy. Pick your poison.
The law of unintended consequences. How many of those geniuses thought by raising the interest rates they'd be killing regional banks? They probably thought it would be good for the banks due increased interest income. What the geniuses didn't realize is that the superstars running these regional banks borrowed at almost nothing, put that money into long term securities, and now the exponential increase in short term rates made that strategy appear disastrous.
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