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Who is going to be watching the ticker all day?

Posted on 12/19/18 at 7:09 am
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1799 posts
Posted on 12/19/18 at 7:09 am
Pretty sure I’m going to be watching intently today. The day the Fed has to soft land this ship with the President sniping from the twitterverse. This is going to be pure gold.

And it’s early signing day for LSU so I’ll have the recruiting board open all day too.
Posted by PearlJam
NotBeardEaves
Member since Aug 2014
13908 posts
Posted on 12/19/18 at 7:48 am to
I am not.

quote:

The day the Fed has to soft land this ship with the President sniping from the twitterverse.
Nothing good comes from the president publicly persuading the Fed to do anything.
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 12/19/18 at 8:51 am to
quote:

Nothing good comes from the president publicly persuading the Fed to do anything.


Well when the President understands economics and the Fed is purposefully trying to tank the economy I think his comments are warranted.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 12/19/18 at 9:39 am to
You’re an absolute moron if you think the Fed is trying to “tank” the economy.
Posted by GenesChin
The Promise Land
Member since Feb 2012
37821 posts
Posted on 12/19/18 at 9:53 am to
quote:



Well when the President understands economics



1. No US president in history has/has had the economic expertise/understanding to give sound guidance to the FED regarding QE

2. The US president has an incentive to prioritize short term economic conditions over long term economic health



Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 12/19/18 at 10:13 am to
quote:

You’re an absolute moron if you think the Fed is trying to “tank” the economy.


Okay and I bet you think anyone who believes in the Deep State is an absolute moron too? Open your eyes. These idiots are in bed with the globalists trying to radically change our country.
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 12/19/18 at 10:17 am to
Batman is not only a moron but is also a jackass to critical thinkers. Ignore the kid.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 12/19/18 at 10:49 am to
What evidence do you have that supports your assertion that the Fed is trying to tank the economy?
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 12/19/18 at 11:01 am to
You must not know history.

The Fed has ignited every recession and of course the Great Depression. They create (lower fed funds rate) and pull out credit (hike fed funds rate) like turning a faucet on and off. When they send asset prices way down, they along with their international shareholders just buy up things on the cheap. Wash, rinse and repeat all throughout history.

They fleece the masses through the silent kill shot called inflation, hence why the dollar has lost most of its purchasing power and the reason most moms can no longer be homemakers and more and more seniors are having to work longer to make ends meet.
This post was edited on 12/19/18 at 11:17 am
Posted by BRPelican45
Member since Dec 2016
178 posts
Posted on 12/19/18 at 11:06 am to
quote:

1. No US president in history has/has had the economic expertise/understanding to give sound guidance to the FED regarding QE


Not only this, but it's also not in the President's purview to influence the fed, either.
Posted by LSURussian
Member since Feb 2005
133624 posts
Posted on 12/19/18 at 11:18 am to
quote:

their international shareholders
Please identify the Fed's international shareholders and how many shares in the Fed they own. Thanks.
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 12/19/18 at 11:26 am to
Federal Reserve System is owned by its member institutions. Number of shares of each institution is hidden from everyone just as the Fed's books are. But here is the list:

LINK
Posted by zatetic
Member since Nov 2015
5677 posts
Posted on 12/19/18 at 11:42 am to
Isn't Greenspan right now all but saying what the Fed is doing will tank the market?
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 12/19/18 at 11:46 am to
Yep. How people in their right mind can think these Fed heads have our best interests at heart is flat out baffling to me!

Central banks are for the banks, by the banks and are all about fleecing the "workers."

They WILL set up a new system with even more control over people and you can bet it will be cashless so they can get their cut.

Your SS# or tax ID# is their collateral on you. THEY loan our government all the money it needs with interest attached and WE are on the hook for it. Before the FED, there were NO INCOME TAXES. Only businesses paid taxes.
This post was edited on 12/19/18 at 11:52 am
Posted by LSURussian
Member since Feb 2005
133624 posts
Posted on 12/19/18 at 1:04 pm to
quote:

Number of shares of each institution is hidden from everyone just as the Fed's books are.
Nah, everyone who knows anything about the Fed knows there is no reason for a "number of shares" list because each member owns ONE share. The amount each member bank pays for its one share is based on its amount of capital.

Member banks do not share in any of the Fed's profits, which by law must be returned to the U.S. Treasury annually, and have no votes for who will be on the Fed's Board of Governors. The BoG is nominated by the President of the United States and must be confirmed by the U.S. senate.

By buying a share in the Federal Reserve Banks the member banks gain access to the Fed's discount window, wire transfer service, government bond transfer recordkeeping services, currency supply services and its check "clearing" operations.

And the Fed's annual audits by the Governmental Accounting Office, the federal Office of Inspector General and by an outside independent accounting firm (which rotates among the "Big 4" accounting firms, in 2017 the accounting firm used was KPMG*) are made public along with its audited Annual Report ( 2017 Annual Report), including its balance sheet and income statement, proving once again you're clueless in your paranoia.

*Here is an excerpt from the Fed's 2017 Annual Report regarding KPMG's duties:
quote:

The Federal Reserve Board engaged KPMG LLP (KPMG) to audit the 2017 combined and individual financial statements of the Reserve Banks.11

In 2017, KPMG also conducted audits of the internal controls associated with financial reporting for each of the Reserve Banks. Fees for KPMG's services totaled $6.8 million. To ensure auditor independence, the Board requires that KPMG be independent in all matters relating to the audits.

Specifically, KPMG may not perform services for the Reserve Banks or others that would place it in a position of auditing its own work, making management decisions on behalf of the Reserve Banks, or in any other way impairing its audit independence. In 2017, the Reserve Banks did not engage KPMG for significant non-audit services.
Posted by notiger1997
Metairie
Member since May 2009
61280 posts
Posted on 12/19/18 at 1:13 pm to
Boom!
Posted by bayoubengals88
LA
Member since Sep 2007
23489 posts
Posted on 12/19/18 at 1:13 pm to
quote:

Boom!

What just happened?
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 12/19/18 at 1:14 pm to
WTF did Powell say?
Posted by Shepherd88
Member since Dec 2013
4883 posts
Posted on 12/19/18 at 1:17 pm to
He wasn’t as dovish as the market was hoping for. Although he was rather dovish compared to statements previous to November. They’ve moved the dot plot from 3 hikes next year to 2.
Posted by bayoubengals88
LA
Member since Sep 2007
23489 posts
Posted on 12/19/18 at 1:20 pm to
quote:

He wasn’t as dovish as the market was hoping for. Although he was rather dovish compared to statements previous to November. They’ve moved the dot plot from 3 hikes next year to 2.

that was a short lived sell off... disappointing.
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