ES Journal - 2019/2020

[maximumpossiblesuffering]

The Fed is an independent entity whose mandate is to insure a stable monetary system which means a balanced supply and demand for money as well as control over inflation. They are NOT mandated with preventing recessions or depressions. The Fed Chairman is not a cabinet-level position.

I believe the Fed’s true purpose is to ensure, if not maximize, member bank’s profitability. Looking at greatly increased interest rate differentials between bank deposit rates and their lending rates during Alan Greenspan’s term as Federal Reserve Chairman helped educate me on this point.

 

[comagnum]

Nice to see someone that is not counting their profits & losses with their fingers.

 

[Rickshaw Man]

I think China called again whaaaaaaa

 

[Rickshaw Man]

China says two can play at the China called game.

 

[Overnight]

Outrageous. So are we back to free money forever? I tried to go long on a Wednesday on market close two weeks ago, and it dumped over 200 points. Going long at today's close would have me up about 80 points?

Where's the free risk?

 

[Overnight]

Oh, so now they are meeting in OCTOBER. Uh huh.

 

[Rickshaw Man]

Tomorrow you poor suckers who trade during US day session will get sloppy seconds. Money is made in the overnight index futures session....

 

[Overnight]

Tomorrow you poor suckers who trade during US day session will get sloppy seconds. Money is made in the overnight index futures session....

Are you fucking daft?

https://www.elitetrader.com/et/threads/es-journal-2019-2020.328086/page-1141#post-4921391

I just posted that less than 2 mins ago. You fruitcake.

 

[FXtrader8911]

QUOTE="syswizard, post: 4921258, member: 25062"]They are NOT mandated with preventing recessions or depressions.[/QUOTE]

Ho, I see, so, creating a recession is just one of the available tools to insure a stable monetary system

 

[Overnight]

Remember, only TA works in equities. Fundamentals do not matter. Fundamentals are driven by technical analysis. ROFL!