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re: How low IQ is the Fed and talking heads?

Posted on 7/13/22 at 9:40 pm to
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1574 posts
Posted on 7/13/22 at 9:40 pm to
quote:

Given what we know now,


what most of us not retarded knew over a year and a half ago, it's pretty simple monetary theory.



Batman, I'm usually with you, but one point for Strannix on this one. I think we all knew 10 years of QE and ZIRP were gonna be a problem... they increased the monetary base almost 100% in 2 years. They have over 400 PhD economists on staff. This isn't some shocker.
Posted by DeCat ODahouse
Premium Member
Member since Jan 2017
1371 posts
Posted on 7/13/22 at 9:44 pm to
quote:

RIP Mark Haines.

He was great at questioning blowhard CEO's.
He drew upon his background as an attorney and would thoroughly deconstruct their rosy business scenarios one question at a time.
And never forget that his show introduced us to the Money Honey
Posted by Strannix
District 11
Member since Dec 2012
48911 posts
Posted on 7/13/22 at 9:46 pm to
It's easier to digest when you know they're doing it on purpose, it's hard to fathom that Yellen and her ilk could be so inconceivabley stupid.

The "We miscalculated or misjudged bullshite"

The global elites and wall street prefer inflation to a correction, they have so much money it doesn't matter, they want us poorer, and Joe Blow worried about his 401K
Posted by USMCguy121
Northshore
Member since Aug 2021
6332 posts
Posted on 7/13/22 at 9:59 pm to
Braindead.

But they dont fricking care lol. Just call this the gaslight administration.
Posted by Strannix
District 11
Member since Dec 2012
48911 posts
Posted on 9/14/22 at 4:57 am to
Bump
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7369 posts
Posted on 9/14/22 at 5:50 am to
Nice bump. Yep, they misjudged bigly.

I honestly felt a 1% hike last month or the month before was what should have been done.

Powell literally said they were too slow to react and they weren’t going to make that mistake again. And yet here we are.
Posted by Strannix
District 11
Member since Dec 2012
48911 posts
Posted on 9/14/22 at 5:59 am to
Using the Carter era inflation rate we are over 17% its bad
Posted by el Gaucho
He/They
Member since Dec 2010
52972 posts
Posted on 9/14/22 at 8:37 am to
It’s never getting better brah

I wish they’d hurry up and start putting us in the camps
Posted by Drizzt
Cimmeria
Member since Aug 2013
12873 posts
Posted on 9/15/22 at 8:02 pm to
Looks like Batman is MIA
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51585 posts
Posted on 9/16/22 at 11:19 am to
I think they are trying to slowly ease the money from the system in the hope of not crashing us worse than the Housing Bubble did.

There's simply no way to remove TRILLIONS of QE from the market quickly, efficiently and without pain; it ends up being a matter of how much pain you want and for how long.

Some would rather the Band-Aid be ripped off, others would rather it slower after a couple of shots of bourbon. The Fed has opted for the latter to keep the market running on pure hopium (everyone is starting to clutch pearls over the possibility of a full point next week, so if it is only .75 the market will rally again... as if everyone forgot that just before the CPI came out investors and talking heads were talking about the possibility of a .5 instead of .75).
Posted by Strannix
District 11
Member since Dec 2012
48911 posts
Posted on 3/19/23 at 6:03 pm to
Everyone involved with the techbro billionaire bailout absolutely shite the bed
Posted by Marcus Aurelius
LA
Member since Oct 2020
3900 posts
Posted on 3/19/23 at 6:21 pm to
The issue wasn't raising rates... it was they started way too late, then raised way too fast. Many saw bad coming, but it is worse than I thought it would be (two banks).

Posted by Civildawg
Member since May 2012
8561 posts
Posted on 3/19/23 at 6:31 pm to
I agree about raising too late, but too fast? I feel like they should have raised them even faster. Maybe I’m wrong though
Posted by Dawgfanman
Member since Jun 2015
22353 posts
Posted on 3/19/23 at 9:02 pm to
quote:

What do you suggest they do to combat inflation more effectively?


Stop giving away money. Stop trying to combat inflation. They should simply stop causing it.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71050 posts
Posted on 3/20/23 at 3:32 pm to
quote:

What do you suggest they do to combat inflation more effectively?


Higher reserve ratio.
Posted by Teddy Ruxpin
Member since Oct 2006
39578 posts
Posted on 3/20/23 at 3:53 pm to
quote:

I agree about raising too late, but too fast? I feel like they should have raised them even faster. Maybe I’m wrong though


Rates have never been raised this much this fast in recent history.

They have been higher in the past, but that either came from a higher base or took longer to get there.
This post was edited on 3/20/23 at 3:56 pm
Posted by Civildawg
Member since May 2012
8561 posts
Posted on 3/20/23 at 4:56 pm to
But they haven’t pumped this much money into the economy or this fast either. Desperate times call for desperate measures in my opinion.
Posted by AUViclic
Member since Jun 2013
144 posts
Posted on 3/20/23 at 6:36 pm to
quote:

At today’s meeting, the FOMC raised its five policy rates by 25 basis points, bringing the upper end of the range to 4.75%, as widely expected. The Fed has now hiked by 450 basis points in 10 months, far more than anyone imagined a year ago. It has also run $500 billion off its balance sheet in six months of QT.


Wolfstreet

You guys focusing on rate hikes can't see the forest for the trees.QT and running MBS off their books is more important.
Posted by I Love Bama
Alabama
Member since Nov 2007
37714 posts
Posted on 3/20/23 at 6:56 pm to
quote:

Bump


This bump must feel better than sex.
Posted by slackster
Houston
Member since Mar 2009
84870 posts
Posted on 3/20/23 at 7:39 pm to
quote:

This bump must feel better than sex.


CPI is down from 9.1% annually when he made his post to 6.0% now. He made his post at peak CPI.
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