Up is down and down is up

canceled.2021.1

#AMERICAISDEAD
So the stock futures are up over 100 points this morning. Why you may ask? Is the economy surging at 5% growth? Nope. Are companies reporting explosive sales growth? Nope.

The answer is because of an article written in the WSJ discussing the upcoming Fed meeting in which they will most likely predict slower growth and higher unemployment for the US economy. "Well, Uncle ILA that isn't good news why would the stock market respond positively to that" you may ask. Allow me to answer for you low information voters.

Wall St reads that as a sign that the Federal Reserve will use that as an excuse to continue Uncle Ben BernanQEs loose monetary policy and pumping cheap money into the system.

You see, Wall St has gotten addicted to quantitative easing like a faggot gets addicted to whippets and gerbils. Cheap money and artificially low interest rates leads to investing in risky asset classes.

Oh, I know that our pretend millionaire Topspin thinks it is Morning in America, but there are some scary signs on the horizon. I think I will stay in cash for a while.
 
Staying in cash is the exact opposite that you should do. QE reduces its value: inflation. Look at your grocery bill lately?

I've reduced my cash liquidity, maximizing my real estate debt and sinking money into to company stocks that will do well when the shit hits the fan and the dollar goes bankrupt.

Think about it, what is the first thing that happens when there's a community-wide disaster? There's a scramble for essential items: fuel, water, electricity, shelter, basic clothing, toilet paper, soap, lumber, tooth paste, food, guns. Folks aren't worried about Hollywood movies or the latest i-phone.
 
Staying in cash is the exact opposite that you should do. QE reduces its value: inflation. Look at your grocery bill lately?

I've reduced my cash liquidity, maximizing my real estate debt and sinking money into to company stocks that will do well when the shit hits the fan and the dollar goes bankrupt.

Think about it, what is the first thing that happens when there's a community-wide disaster? There's a scramble for essential items: fuel, water, electricity, shelter, basic clothing, toilet paper, soap, lumber, tooth paste, food, guns. Folks aren't worried about Hollywood movies or the latest i-phone.


Inflation? LOL.
 
Isn't the FED supposed to do stuff that has an impact on the economy and expectations of investors? I mean, I can understand the criticism on QE3 on the merits and can think of reasons why people might not like it, but the fact that investors are reacting to is kinda stupid.
 
Isn't the FED supposed to do stuff that has an impact on the economy and expectations of investors? I mean, I can understand the criticism on QE3 on the merits and can think of reasons why people might not like it, but the fact that investors are reacting to is kinda stupid.
How's that trillion dollar coin working out for ya?
 
Staying in cash is the exact opposite that you should do. QE reduces its value: inflation. Look at your grocery bill lately?

I've reduced my cash liquidity, maximizing my real estate debt and sinking money into to company stocks that will do well when the shit hits the fan and the dollar goes bankrupt.

Think about it, what is the first thing that happens when there's a community-wide disaster? There's a scramble for essential items: fuel, water, electricity, shelter, basic clothing, toilet paper, soap, lumber, tooth paste, food, guns. Folks aren't worried about Hollywood movies or the latest i-phone.

I hear ya. I have a very diversified portfolio. Several years ago, I made investments in income producing real estate. Best financial move I ever made. Obviously I can't have everything tied up. I am extremely prepared.
 
How's that trillion dollar coin working out for ya?


See, I read your post before logging in and responded to your inflation dumbassery forgetting that I have you on ignore. For giggles, and to see if I unfairly pegged you as a generally uninteresting and ignorant shit, I decided to log out and check your response. You know, a second chance. Unfortunately, there won't be a third.
 
Isn't the FED supposed to do stuff that has an impact on the economy and expectations of investors? I mean, I can understand the criticism on QE3 on the merits and can think of reasons why people might not like it, but the fact that investors are reacting to is kinda stupid.

The fed should be abolished. One of te duties of a government is to have sound monetary policies. We do not. Balloons will always eventually pop when enough air is pumped into them. It should worry people that the stock market swings so dramatically based on fed action. That it doesn't highlights the nature of the low information voter.
 
The fed should be abolished. One of te duties of a government is to have sound monetary policies. We do not. Balloons will always eventually pop when enough air is pumped into them. It should worry people that the stock market swings so dramatically based on fed action. That it doesn't highlights the nature of the low information voter.


Oh, OK. That's really smart.
 
See, I read your post before logging in and responded to your inflation dumbassery forgetting that I have you on ignore. For giggles, and to see if I unfairly pegged you as a generally uninteresting and ignorant shit, I decided to log out and check your response. You know, a second chance. Unfortunately, there won't be a third.
Awesome. That means I win, again.
 
I hear ya. I have a very diversified portfolio. Several years ago, I made investments in income producing real estate. Best financial move I ever made. Obviously I can't have everything tied up. I am extremely prepared.
Diversification is the #1 strategy. Just don't have so much in cash. The fed will simply take it from you.
 
Something else to ponder. If the fed is predicting slower growth and higher unemployment, isn't that an acknowledgment that QE has been an unmitigated failure other than to prop up the balance sheets of banks?
 
Something else to ponder. If the fed is predicting slower growth and higher unemployment, isn't that an acknowledgment that QE has been an unmitigated failure other than to prop up the balance sheets of banks?

There's no question that this entire shit package, shovel-ready stimuli and quantitative easing, has failed miserably. Now the crowned prince of libtard economics, Shitferbrains Krugman wants to print some trillion dollar coins.
 
Diversification is the #1 strategy. Just don't have so much in cash. The fed will simply take it from you.

What is hilarious is that some people think they are diversified because they have a small cap mutual fund, a large cap mutual fund, an international mutual fund and a little in a bond mutual fund. They actually think that they are diversified.

They also (Topspin chief among them) have bought into the "buy and hold" lie that has been sold to them by the mutual fund companies who have a vested interest in you NEVER selling. They have large client selling and they need a dedicated stream of committed buyers so they weave you a tale of "The stock market goes up 10% a year on average". It took me a long time to figure out what a scam it was. I bought into that too. Once I broke out of that mindset my investing has never been the same. Make money in up markets and down markets. It is a beautiful thing.

The one area I have gotten myself burned as been gold. For some reason I can never get that one right when I jump into the ETFs (both long and short). So now I avoid it like I avoid faggots on this board. I treat it like it has AIDS.

I do own physical silver as my hedge.
 
What is hilarious is that some people think they are diversified because they have a small cap mutual fund, a large cap mutual fund, an international mutual fund and a little in a bond mutual fund. They actually think that they are diversified.

They also (Topspin chief among them) have bought into the "buy and hold" lie that has been sold to them by the mutual fund companies who have a vested interest in you NEVER selling. They have large client selling and they need a dedicated stream of committed buyers so they weave you a tale of "The stock market goes up 10% a year on average". It took me a long time to figure out what a scam it was. I bought into that too. Once I broke out of that mindset my investing has never been the same. Make money in up markets and down markets. It is a beautiful thing.

The one area I have gotten myself burned as been gold. For some reason I can never get that one right when I jump into the ETFs (both long and short). So now I avoid it like I avoid faggots on this board. I treat it like it has AIDS.

I do own physical silver as my hedge.
Yeah the gold thing is hype. A hype is easy to spot though, just listen to who's advertising. If something has real value you don't need to advertise it.
 
I wouldn't mind restructuring the fed and giving it more accountability, but you are right in saying we should keep it. It has a vital job to do - it's just been doing it poorly, so some changes ought to occur.

If you think that devaluing our currency is a vital job then it is doing it well. There is ZERO reason for the fed. It arbitrarily sets interest rates. You don't think interest rates could be set in a free market? Of course it could.

You support too much power in the hands of one man. Maybe you like that statism despite your claims of libertarianism. Like most self professed libertarians here you just want to smoke dope
 
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