Powell finally doing the right thing

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.
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And so it begins. This is the beginning of SHTF.
 
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!!!
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Right. trump cried about the Fed hiking interest rates, and somehow they went to zero.

History shows that the market is not affected negatively by interest rate hikes. The doom/gloom that the Right always predicts is nonsense.
 
Hawkeye10 said:
The Fed is out of ammo and hopelessly out of step with reality, they will not be saving us.
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Equal protection of our own at-will employment laws for unemployment compensation can be the automatic stabilization tool the Fed needs. We need infrastructure upgrade now!
 
y'all should have been listening to Ron Paul for the last 14 years........but NO!!!!!!!!!!! you idiots still have to put your misguided trust in a political system that cares nothing about you or your families while believing the lies that they tell you
 
anonymoose said:
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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Ok, so if it's gonna be a bloodbath, I suggest both of you sell all of your equities NOW.

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Althea said:
Right. trump cried about the Fed hiking interest rates, and somehow they went to zero.

History shows that the market is not affected negatively by interest rate hikes. The doom/gloom that the Right always predicts is nonsense.
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I laugh at their Chicken Little Scare Tactics. They've been predicting Doom-and-Gloom for 30 years now and it's never come to fruition. The only thing that comes close was Bush Jr's American Dream Home Downpayment act that was responsible for the 2008 Mortgage Meltdown.
https://www.newsweek.com/so-much-bushs-ownership-society-92163
What a bunch of morons.

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Joe Capitalist said:
Ok, so if it's gonna be a bloodbath, I suggest both of you sell all of your equities NOW.
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That would be advice for investor neophytes.
I’m pretty savvy about placing options contracts so I’ve done well even in bear markets. Better in bulls of course.
 
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.
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It must be a terrifying world to a guy who swallows all that crap. Plots to the left of me, conspiracies to the right.
 
Althea said:
Why? Because corporations are privileged thieves?
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I never could understand why loons are so against corporations.
My son works for one. No complaints. Has great benefits, great working conditions, makes good money. He said this will be his last job.
 
anonymoose said:
I never could understand why loons are so against corporations.
My son works for one. No complaints. Has great benefits, great working conditions, makes good money. He said this will be his last job.
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Of course he does. The Fed has been propping it up for 3 years.
 
Hawkeye10 said:
I am not so pessimistic as you.
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the earliest pork barrel scams to separate tax dollars from the government were public works projects sold as necessary to spur economic activity that never happens were canals and rail lines. A favorite of the Whigs who developed such a bad reputation of failure they had to change their name to Republican when it was Abraham Lincoln's turn to run.

Governments were an invention of the wealthy to continue to enrich themselves at the public's expense.
 
anonymoose said:
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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AK does indeed have some unique characteristics. Time will tell if they matter.
 
Celticguy said:
the earliest pork barrel scams to separate tax dollars from the government were public works projects sold as necessary to spur economic activity that never happens were canals and rail lines. A favorite of the Whigs who developed such a bad reputation of failure they had to change their name to Republican when it was Abraham Lincoln's turn to run.

Governments were an invention of the wealthy to continue to enrich themselves at the public's expense.
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WOW, we really do split here. I am a socialist who has no problem with government, of what ever size and power the people want, and I do not believe that government is inherently either good or bad. That said I am very opposed to the abuse and straight up betrayal of the people by our current government, but the people over many decades have allowed this to happen, the citizens have for a very long time refused to do our duty and supervise the government, and now we are so very fucked.
 
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