Powell finally doing the right thing

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Celticguy

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A day late (more like 180 days) and a dollar short but he's finally putting citizens ahead of Wall Street

Beginning in May the Fed will be selling off it's balance sheet up to 95 billion a month (60b in treasuries 35b mortgage backed securities) in addition to the previously announced quarter point increase in rates (look for this to nudge up to 1/2).

This is the standard fix to ease inflation but comes with a cost to the stock markets and a recession.

So time to trim those sails kids. Dont say you were not warned.
 
Celticguy said:
A day late (more like 180 days) and a dollar short but he's finally putting citizens ahead of Wall Street

Beginning in May the Fed will be selling off it's balance sheet up to 95 billion a month (60b in treasuries 35b mortgage backed securities) in addition to the previously announced quarter point increase in rates (look for this to nudge up to 1/2).

This is the standard fix to ease inflation but comes with a cost to the stock markets and a recession.

So time to trim those sails kids. Dont say you were not warned.
Click to expand...

The Fed is out of ammo and hopelessly out of step with reality, they will not be saving us.
 
Celticguy said:
at least they will be hurting us less. better than nothing...
Click to expand...

We are looking at both runaway inflation and at best a very deep recession at the same time....they are fiucked....we are fucked.

OH, and because of idiotic foreign policy and years of making far too many Dollars the Dollar is in big trouble too.
 
Hawkeye10 said:
We are looking at both runaway inflation and at best a very deep recession at the same time....they are fiucked....we are fucked.

OH, and because of idiotic foreign policy and years of making far too many Dollars the Dollar is in big trouble too.
Click to expand...

the 14 years of quantitative easing will make this recession very bad, no doubt about it. but ignoring it isnt fixing it. the piper was going to have to be paid at some point. Should have been before now but Wall Street said no.
 
Celticguy said:
the 14 years of quantitative easing will make this recession very bad, no doubt about it. but ignoring it isnt fixing it. the piper was going to have to be paid at some point. Should have been before now but Wall Street said no.
Click to expand...

The Chinese fully understand the situation, which has a lot to do with why they are pushing now, they are sure that the West is completely rotted out and ready for collapse, all it needs is a little push to finish the job.

Our infant Western leaders have yet to figure this out....Ukraine might well be our Waterloo.
 
Celticguy said:
A day late (more like 180 days) and a dollar short but he's finally putting citizens ahead of Wall Street

Beginning in May the Fed will be selling off it's balance sheet up to 95 billion a month (60b in treasuries 35b mortgage backed securities) in addition to the previously announced quarter point increase in rates (look for this to nudge up to 1/2).

This is the standard fix to ease inflation but comes with a cost to the stock markets and a recession.

So time to trim those sails kids. Dont say you were not warned.
Click to expand...
Selling off the corporate bonds has nothing to do with inflation. That scam allowed Wall St. to grow during Covid, as corporations took the money and did stock buybacks/dividend hikes/CEO pay increases.

It was a terrible idea back then, although the Fed did earn a few pennies in interest.
 
Hawkeye10 said:
The Chinese fully understand the situation, which has a lot to do with why they are pushing now, they are sure that the West is completely rotted out and ready for collapse, all it needs is a little push to finish the job.

Our infant Western leaders have yet to figure this out....Ukraine might well be our Waterloo.
Click to expand...

China is facing massive defaults due to their own stupid decisions as are the US and Russia. This "war"s goal is to conceal the financial collapse and provide the excuse for the New World Order Pedo Joe was talking about a week or so ago.

It sux to be a UKR citizen as they are the ultimate pawns in this passion play.

It sux that we allowed China to install Pedo Joe to facilitate this fraud.

But nothing is going to suck like whats coming.
 
Althea said:
Selling off the corporate bonds has nothing to do with inflation. That scam allowed Wall St. to grow during Covid, as corporations took the money and did stock buybacks/dividend hikes/CEO pay increases.

It was a terrible idea back then, although the Fed did earn a few pennies in interest.
Click to expand...

selling off the balance sheet hurts markets & gdp.
the Fed will have to get more aggressive on interest to bend the inflation curve before we cant service the debt.
 
Celticguy said:
China is facing massive defaults due to their own stupid decisions as are the US and Russia. This "war"s goal is to conceal the financial collapse and provide the excuse for the New World Order Pedo Joe was talking about a week or so ago.

It sux to be a UKR citizen as they are the ultimate pawns in this passion play.

It sux that we allowed China to install Pedo Joe to facilitate this fraud.

But nothing is going to suck like whats coming.
Click to expand...

There will be massive defaults all around, the fact that we are pretending that debts will be paid which clearly wont be paid is the way you know that this global economic system is ending.

China will decide what comes next, they will design the new system.
 
Hawkeye10 said:
There will be massive defaults all around, the fact that we are pretending that debts will be paid which clearly wont be paid is the way you know that this global economic system is ending.

China will decide what comes next, they will design the new system.
Click to expand...

yup
 
Celticguy said:
A day late (more like 180 days) and a dollar short but he's finally putting citizens ahead of Wall Street

Beginning in May the Fed will be selling off it's balance sheet up to 95 billion a month (60b in treasuries 35b mortgage backed securities) in addition to the previously announced quarter point increase in rates (look for this to nudge up to 1/2).

This is the standard fix to ease inflation but comes with a cost to the stock markets and a recession.

So time to trim those sails kids. Dont say you were not warned.
Click to expand...

I hope you are wrong, but if it happens now I’ll be very glad, I took About 80% out of the market two weeks ago for a project I’m working on.
 
Celticguy said:
selling off the balance sheet hurts markets & gdp.
Click to expand...
Fake market propped up by what the Right likes to call Socialism. The Fed should have let the market do what truly free markets do. But we never do. Privatized gains and socialized losses.

We now know that billions in Covid stimulus went to millionaires who stole money for purchasing lavish villas/cars/yachts, etc.
the Fed will have to get more aggressive on interest to bend the inflation curve before we cant service the debt.
Click to expand...
Whereas I welcome interest rate hikes, this inflation is a delayed reaction to trump's tariffs, and a shut down of China during Covid.

It's a supply chain issue coupled with corporate profiteering.
 
Celticguy said:
the 14 years of quantitative easing will make this recession very bad, no doubt about it. but ignoring it isnt fixing it. the piper was going to have to be paid at some point. Should have been before now but Wall Street said no.
Click to expand...

Ohh, there's plenty of doubt about your silly prediction. Your petty Chicken Little Scare Tactics are lame and nobody's listening.
This is what the far right does. They did it for eight years of Obama. Remember: "America as we know it will cease to exist"? Yeah, that was a good one.

BWAAHAHAHAHAHAHAAAAHAHAHAHAAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAAHHAHAHAHAHAHA!!!
 
Althea said:
Fake market propped up by what the Right likes to call Socialism. The Fed should have let the market do what truly free markets do. But we never do. Privatized gains and socialized losses.

We now know that billions in Covid stimulus went to millionaires who stole money for purchasing lavish villas/cars/yachts, etc.
Whereas I welcome interest rate hikes, this inflation is a delayed reaction to trump's tariffs, and a shut down of China during Covid.

It's a supply chain issue coupled with corporate profiteering.
Click to expand...

its the result of 14 years of quantitative easing
 
Joe Capitalist said:
Ohh, there's plenty of doubt about your silly prediction. Your petty Chicken Little Scare Tactics are lame and nobody's listening.
This is what the far right does. They did it for eight years of Obama. Remember: "America as we know it will cease to exist"? Yeah, that was a good one.

BWAAHAHAHAHAHAHAAAAHAHAHAHAAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAAHHAHAHAHAHAHA!!!
Click to expand...

Jerome Powell is listening... finally.
 
Celticguy said:
But nothing is going to suck like whats coming.
Click to expand...
It will be a bloodbath, no doubt. The good news for me is that AK has an inverse economy. We’ve been in a serious recession while everyone else was doing great ,especially during the Trump administration before the COVID lockdowns BS.
Add to that there’s no more real estate or housing available in the Anchorage Bowl.
 
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