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re: It’s Fed day; put your predictions here.

Posted on 6/16/21 at 2:35 pm to
Posted by Triple Bogey
19th Green
Member since May 2017
5993 posts
Posted on 6/16/21 at 2:35 pm to
quote:

ETA: He's also saying that they're seeing "significant hesitation to go back to jobs where their may be public interaction because of the virus." Give me a fricking break. Anyone who wants a vaccine can get one, the country is basically 100% open at this point. That excuse should be completely dismissed at this point. Get your arse a job.


He tried to say in the last meeting that it was due to people being afraid of going back to work and getting sick or daycares and schools not being open for childcare. Literally every other reason you could possibly find other than them getting stimulated beyond belief to sit at home.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31289 posts
Posted on 6/16/21 at 2:41 pm to
Oh yeah, that was the other thing...childcare. Well, it's about to be summer, so whatever the hell people did for childcare in previous years when the kids were out of school, it stands to reason they can and should do the same thing this year. To your point, another bullshite excuse.
Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 6/16/21 at 3:22 pm to
quote:

The Fed tries to have its cake and eat it too. They indicate they are ready to start talking about talking about tightening, but they hedge the hell of that sentiment and wrap it in very accommodative undertones. The dot plot indicates they expect to raise rates in 2023. If they mention tapering, they focus it on MBS first, before Treasuries. They show a bit more concern over recent inflation prints, but still indicate they thing it’s transitory. Of course, I hope I’m wrong.


Nailed it!
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 6/16/21 at 4:47 pm to
Unfortunately.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31289 posts
Posted on 9/28/21 at 9:54 am to
I'm going to lose my fricking mind watching Yellen try to figure out how to turn her mic on and off when she's answering questions here.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31289 posts
Posted on 9/28/21 at 9:58 am to
Also, I love this talking point of "we have to raise the debt ceiling or it would be disastrous". My question to them would be, how come no one was thinking about that when you were putting together and pushing through trillions of dollars in frivolous spending?

If you just raise the debt ceiling whenever you think you need to, it's not really a ceiling, is it?
Posted by el Gaucho
He/They
Member since Dec 2010
53114 posts
Posted on 9/28/21 at 10:02 am to
I’m ok with them kicking the can down the road so my kids have to deal with it

Either that or based red dawn invasion on American soil where we can live in the woods and not have to go to work

I don’t want the in between
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31289 posts
Posted on 9/28/21 at 10:04 am to
quote:

red dawn invasion on American soil where we can live in the woods


Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 9/28/21 at 10:07 am to
I don’t find it coincidental that the $3.5T build back better plan is talking about being trimmed back on the same day that Powell admitted inflation is hotter than expected and yields are blowing out.

If 10y goes back towards 1.7%, might be a good Treasury buying opportunity on a bet the fiscal gets pared back due to inflation concerns.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11191 posts
Posted on 9/28/21 at 10:34 am to
quote:

My question to them would be, how come no one was thinking about that when you were putting together and pushing through trillions of dollars in frivolous spending?


Because we had 10 standard deviation moves in bonds and equities. In other words, their wealth was draining faster than they've ever experienced
Posted by Triple Bogey
19th Green
Member since May 2017
5993 posts
Posted on 9/28/21 at 10:54 am to
Janet Yellen is a terrible Treasury Secretary. Didn't mind her dove arse at the fed though.
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