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Started By
Message
re: Fed hides weekly M1 supply, says "money doesn't matter"
Posted on 5/10/21 at 6:21 pm to wutangfinancial
Posted on 5/10/21 at 6:21 pm to wutangfinancial
quote:
They didn't print a single dollar unless you think your daughter swiping your credit card is printing money
if my daughter paid the credit card bill with another credit card in perpetuity, or pulled out loans in order to kick the can down the road, seems like it amounts to the same thing
This post was edited on 5/10/21 at 6:27 pm
Posted on 5/10/21 at 6:37 pm to Strannix
quote:
I'm a crusader against printing 10 trillion dollars more or less with trillions more coming. Look you're in the Matrix there's no use arguing this
I see what I’m dealing with now and it’s not worth it. Carry on.
Posted on 5/10/21 at 6:40 pm to wutangfinancial
quote:
They didn't print a single dollar unless you think your daughter swiping your credit card is printing money
Then whats the purpose
Posted on 5/10/21 at 7:27 pm to Ross
Your daughter would be insolvent and could not survive in the long run
Posted on 5/10/21 at 8:14 pm to wutangfinancial
quote:
Your daughter would be insolvent and could not survive in the long run
and welcome, wutangfinancial, to the central thesis behind cryptocurrencies.
Posted on 5/10/21 at 8:18 pm to wutangfinancial
quote:
could not survive in the long run
thats what weve been saying
Posted on 5/10/21 at 8:46 pm to Ross
I feel like I'm talking to myself do you even read my posts? I understand the central thesis I just don't care about growing my wealth in crypto nominated assets I want to grow it in nominal dollar terms because I live and pay taxes in the U.S. and understand I am one of the largest benefactors of the system. If these coins become less volatile, mass adoption happens, and digitization of the economy continues which is a long ways away then great the libertarian/Austrian thinkers' eutopia will be here. Not owning equities is mental when we know the bond market can't collapse. There are other means to achieve exponential returns and you can't remove yourself from the system. I feel like y'all still don't understand that.
Posted on 5/11/21 at 5:08 am to wutangfinancial
quote:
They didn't print a single dollar unless you think your daughter swiping your credit card is printing money
Wait are you under the impression this is like the 2008 QE?
Thats cute
Posted on 7/14/21 at 9:39 pm to RedStickBR
quote:
That’s the Fed view. Where’s the evidence?
Imagine thinking the fed is smart
Posted on 7/15/21 at 12:11 am to Strannix
quote:
Imagine thinking the fed is smart
The point flew over your head. The Fed has convinced itself for some time that asset price inflation bleeds into the real economy due to the wealth effect. Recent academic research has begun to question that assertion. I disagree with the Fed’s view about the wealth effect, so I don’t know why you’ve concluded my statement was aligning with the Fed position. If anything, there may be some wealth effect associated with real estate, but less, marginal or zero wealth effect associated with stocks. That’s why I asked, “Where’s the evidence?”
Posted on 7/15/21 at 6:53 am to RedStickBR
Denial and obfuscation, the tools of the low IQ
Posted on 7/15/21 at 8:35 am to Strannix
quote:
Strannix
quote:
low IQ
...
Posted on 7/15/21 at 1:35 pm to RedStickBR
the wealth effect is for the boomers -- IRAs and houses and actual assets
The wealth effect is absolutely screwing middle and lower class Millennials and Zoomers who are being crushed by these policies
The wealth effect is absolutely screwing middle and lower class Millennials and Zoomers who are being crushed by these policies
Posted on 7/15/21 at 3:25 pm to SlowFlowPro
quote:
if you're not on the gravy train, you're fricked, b/c it certainly isn't going into developing an economy that is better or produces more, raising wages.
My wifes entire company just bumped their minimum wage from 15 to 20 for all US employees.
Posted on 9/13/21 at 10:57 am to Odysseus32
quote:
My wifes entire company just bumped their minimum wage from 15 to 20 for all US employees.
Inflation
Posted on 9/13/21 at 11:01 am to Strannix
Inflation expectations die when Congress turns over. The Fed sweating is pretty funny in the meantime though.
This post was edited on 9/13/21 at 11:03 am
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