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Federal Reserve: fact or conspiracy?
- Thread starter rselitetrader
- Start date
Disregarding the poor english, apparently Faber thinks the market has spiked recently in terms of volatility.....Go FABER!!!!!!!
Anyone who actually trades for a living and pays attention to the VIX might have a different argument.....
Anyone who actually trades for a living and pays attention to the VIX might have a different argument.....
Quote from MarketMasher:
Faber also recently said:
On unintended consequences: The Fed doesn't seem to have learned anything at all from its mistakes. Their current policy of cutting rates to zero is designed to create sustainable growth, but they've created larger and larger volatility in markets. There are many unintended consequences of their actions.
Quote from achilles28:
LOL Marc Faber and Peter Schiff called the last two bubble tops, and Faber, the bottoms. Schiffs record is good. Fabers? exceptional. Either could wipe the floor with you. I'm sure of it. As far as sheep goes. Mavericks got some denial going on. You're just delusional. Singing praises about "unintended consequences" all day? As if they didn't see it coming?! Run along back to class.
Still eagerly awaiting a response from you......I wont hold my breath to long as Faber has already embarassed you plenty.
Quote from Daal:
Well, its hard to debate someone who doesnt mean what he says
No, I meant exactly what I said, you just didn't understand it. Apparently you have very little understanding of the effect wars have on the manufacturing base of a country's economy. Like I said, go back and study the rise of Nazi Germany and get back to me.
You going to respond to anything, or continue to let these two twits embarass you? You owe maverick an apology on behalf of the dickhead/non trader marc faber.
Quote from achilles28:
LOL Marc Faber and Peter Schiff called the last two bubble tops, and Faber, the bottoms. Schiffs record is good. Fabers? exceptional. Either could wipe the floor with you. I'm sure of it. As far as sheep goes. Mavericks got some denial going on. You're just delusional. Singing praises about "unintended consequences" all day? As if they didn't see it coming?! Run along back to class.
Damn man, the whole debate is gone now cause of achilles 28..... anyways, cheers dude, it was a good debate.... and thanks to market masher, for pulling out the real marc faber bullshit.
Quote from Maverick74:
No, I meant exactly what I said, you just didn't understand it. Apparently you have very little understanding of the effect wars have on the manufacturing base of a country's economy. Like I said, go back and study the rise of Nazi Germany and get back to me.
A change in thinking is needed, excessive borrowing/spending is not the way to go.
Agree with your higher rates comment. Things need to slow down.
Agree with your higher rates comment. Things need to slow down.
Quote from Maverick74:
And that would be bad why? Look, the interest rate market is the most competitive market in the world. Banks could charge what they want, but if they price too high, the market will come underneath them. Personally I think 10% rates would a miracle cure for everything that is wrong with the world right now. But that is just one man's opinion.
It's not lazy thinking, it's realistic thinking. Your idea doesn't sound viable to me... You already have all these pundits making their views known in the media, papers, etc? Unless you have a mechanism of enforcing that these views are actually taken into account in the decision-making process, what good is a sounding-board? You'd have to allow Taleb and Roubini to vote, god forbid, to make this actually of any use.Quote from MarketMasher:
Your answer implies that the Fed mechanism is not sufficient "as is", but your thought process stops there. No offense, but that is called "lazy thinking". How about a mandatory meeting between scheduled FOMC meetings with all the voting board members but would include "outsiders" like Roubini, Taleb, Tavakoli , etc where the minutes are recorded and released? The opinions presented would provide a sounding-board to Fed decisions.
I don't really think it's worthwhile to keep going on this subject, but I am really not sure I understand what funding advantage/cheap money you might be referring to.The size of compensation is a reflection of what is declared as "profitability". If the member banks have the unfair advantage of more easily declaring "profits" via cheap money, and they are aided in that by the CB, then when those profits flow to lobbying, the Fed is circuitously drawing from the taxpayer to fund special interest without the approval of the citizens.