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Ross
Auburn Fan
Member since Oct 2007
44838 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"
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 at 6:27 pm


RedStickBR
LSU Fan
Member since Sep 2009
14563 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"
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.


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32
Strannix
USA Fan
Banana Republic
Member since Dec 2012
36550 posts
 Online 

re: Fed hides weekly M1 supply, says "money doesn't matter"
quote:

They didn't print a single dollar unless you think your daughter swiping your credit card is printing money 


Then whats the purpose


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11
wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
7513 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"
Your daughter would be insolvent and could not survive in the long run


Ross
Auburn Fan
Member since Oct 2007
44838 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"
quote:

Your daughter would be insolvent and could not survive in the long run



and welcome, wutangfinancial, to the central thesis behind cryptocurrencies.


rocket31
Toledo Fan
Member since Jan 2008
39685 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"
quote:

could not survive in the long run


thats what weve been saying


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32
wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
7513 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"
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.


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23
Strannix
USA Fan
Banana Republic
Member since Dec 2012
36550 posts
 Online 

re: Fed hides weekly M1 supply, says "money doesn't matter"
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


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05
Strannix
USA Fan
Banana Republic
Member since Dec 2012
36550 posts
 Online 

re: Fed hides weekly M1 supply, says "money doesn't matter"
quote:

That’s the Fed view. Where’s the evidence?


Imagine thinking the fed is smart


RedStickBR
LSU Fan
Member since Sep 2009
14563 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"
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?”


Strannix
USA Fan
Banana Republic
Member since Dec 2012
36550 posts
 Online 

re: Fed hides weekly M1 supply, says "money doesn't matter"
Denial and obfuscation, the tools of the low IQ


Tiguar
Minnesota Fan
Montana
Member since Mar 2012
33131 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"
nice self-own


MusclesofBrussels
Member since Dec 2015
3565 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"
quote:

Strannix


quote:

low IQ


...


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31
wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
7513 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"


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00
Shankopotomus
USA Fan
Member since Feb 2009
19691 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"
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


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50
Odysseus32
LSU Fan
Boise, ID
Member since Dec 2009
4980 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"
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.



Strannix
USA Fan
Banana Republic
Member since Dec 2012
36550 posts
 Online 

re: Fed hides weekly M1 supply, says "money doesn't matter"
Bump.........


wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
7513 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"
October should be fun


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10
Strannix
USA Fan
Banana Republic
Member since Dec 2012
36550 posts
 Online 

re: Fed hides weekly M1 supply, says "money doesn't matter"
quote:

My wifes entire company just bumped their minimum wage from 15 to 20 for all US employees.


Inflation


wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
7513 posts

re: Fed hides weekly M1 supply, says "money doesn't matter"
Inflation expectations die when Congress turns over. The Fed sweating is pretty funny in the meantime though.

This post was edited on 9/13 at 11:03 am


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