Bubble ben bernanke says "LOW RATES "WON'T" STOKE INFLATION"

[denner]

Quote from Ghost of Cutten:

What about US citizens, whose currency has collapsed in value in the last 2 months, or US pensioners, whose savings yield pathetically low amounts, or people in the US on low and middle incomes, whose costs of living are now going to be higher? What about responsible savers and investors, whose investments are gyrating like yoyos based on artificially distorting the price of assets?

Speculators are the best able to exploit Fed policies, it's the average person with no financial market experience who gets hosed by them, not the George Soros's of this world.

Exactly. I get so tired of the myopic view of people who only view the impact of monetary decisions on asset values. Only an immature fool would attribute the majorities criticism of Fed policy with being "bears" who are short the market.

That shit ended a LONG time ago.

 

[MKTrader]

Quote from intradaybill:

It is not necessary that we will end up either with hyperinflation or a Japan-like situation. There is a broad spectrum of possibilities in between that your crude, boundary value, approach to this issue fails to recognize.

The price of gold reflects the fact that others have the same idea as you. Just that. These others, no matter how many they are, can be proven wrong and IMO they will.

Also, do not confuse hedging decisions with Economic reality. I also have gold in my portfolio. You should try to find out what the allocation is of those who buy gold. Mine is 10%. The panicked massed buy just gold where those that move the market buy gold as a small proportion of their portfolio. The crowds that are fueling the gold rally at this point will once more proven wrong. The few in proportion that buy gold as a hedge will not lose either way.

Just curious, when Bennie & the Jets said "the worst is over" regarding housing in the summer of 2007, did you believe him?

When Greenspan finally admitted to his failures, did you believe him?

Again, these guys have shown zero evidence that they're capable of handling the responsibilities given to them.

 

[sprstpd]

Whoever says there is no inflation needs to get a clue. Bernanke will go down as the 2nd worst Fed head after Greenspan.

 

[intradaybill]

Quote from MKTrader:

Just curious, when Bennie & the Jets said "the worst is over" regarding housing in the summer of 2007, did you believe him?

When Greenspan finally admitted to his failures, did you believe him?

Again, these guys have shown zero evidence that they're capable of handling the responsibilities given to them.

OK, submit your application for the job. You know more than they do, they are liers and you are not. See how many lies you will have to say when you try to manage an Economy with thousands of competing variables.

 

[denner]

Quote from intradaybill:

The dollar is far from collapse, just look at a long-term chart. You are only trying to convey your panick or misconceptions to others. A sliding dollar is good for US exports and the benefots from that outweigh the losses from any rise in commodities and energy. US needs to keep any export jobs left at the expense of a little loss of purchasing power. Loss of jobs hurts more long-term than currency devaluation. Actually, IMO, the FED has not printed enough money. Bernanke is doing now what should have been done long ago.

Unreal, you are making arguments and talking points that are 10-15 years behind the curve. Literally, everything you have stated thus far in this thread and many others was apropos for the mid 1990's. "Saving the few export jobs" wtf are you talking about? At this stage of the game, that ship sailed a decade or longer ago.

If the cost of living were actually allowed to decline with an orderly liquidation like it should have been in 2008, THEN maybe we could have become a competitive economy. Lower cost of living = lower wages required, lower costs associated with running a business and the ability to bid for contracts in a worldwide economy. Instead, we've indebted ourselves up to our eyeballs to try and preserve ARTIFICIAL BUBBLE prices and costs.

In my eyes "a little inflation is good" is a crap argument considering the balance sheets of most Americans and the chronic inflation we've experienced over the past decade. Only an academic fool would argue otherwise.

 

[sprstpd]

Quote from intradaybill:

OK, submit your application for the job. You know more than they do, they are liers and you are not. See how many lies you will have to say when you try to manage an Economy with thousands of competing variable.

Exactly. Trying to manage an economy is impossible to begin with. Abolish the Fed.

 

[Scataphagos]

Quote from sprstpd:

Whoever says there is no inflation needs to get a clue. Bernanke will go down as the 2nd worst Fed head after Greenspan.

If Bernanke is "presiding" when the collapse comes, he will be regarded as worst... Just like John Law in England's history.

 

[MohdSalleh]

Quote from MKTrader:

Just curious, when Bennie & the Jets said "the worst is over" regarding housing in the summer of 2007, did you believe him?

When Greenspan finally admitted to his failures, did you believe him?

Again, these guys have shown zero evidence that they're capable of handling the responsibilities given to them.

When bernanke says the recovery is "disappointingly slow", you know its fed-speak for "we are fooooooked."

 

[denner]

Quote from intradaybill:

OK, submit your application for the job. You know more than they do, they are liers and you are not. See how many lies you will have to say when you try to manage an Economy with thousands of competing variables.

Yes, exactly you make our arguments for us dimwit. Central Planning does not work, it appears to work for brief periods of time, but in the end it fails because you "cannot manage an economy with thousands of competing variables" AND you cannot manufacture "good" inflation while avoiding "bad" inflation no matter how much you tinker and distort the statistics.

 

[intradaybill]

Quote from MohdSalleh:

The fed is declaring war on every currency in the known world and no good will come out of it. beware of hubris!!

Why is it war? If you want the dollar to be strong, why do you then say that the other currencies that are now getting stronger are at war with the dollar?

There are serious logical contradictions in your argument and your insist of calling a war on currencies is peculiar to say the least. Currencies go up and down, the dollar is much above historic lows and there is no currency crisis. Only those who like to dumb their junk products in the US call war every drop of the dollar. They should learn to leave their currencies free. Were their currencies free, nothing of this would have happened in the first place. Punishment for them takes the form of QE.

Now, stop the propaganda please. Enough of that currency war.