FOMC now says it will monitor employment.

[Rickshaw Man]

The FOMC main focus now is employment. It had been 2.00% inflation until they ran out of things to remove...meaning everything has now gone up. Even car prices. For the past 50 years, car prices went down, everyone knew that. But not anymore.

So they will now focus on employment. Tomorrow's jobs report will more than likely give the FOMC cover they so desperately need. Cover to keep the free money train rolling down the track.

 

[d08]

There's Dwayne in Detroit still unemployed, we have to keep printing until Dwayne gets a job.

 

[Rickshaw Man]

I meant to say used car prices. Used car prices are now going up.

 

[traider]

NQ 100000 incoming

 

[Rickshaw Man]

I say tomorrow's job report will be a disappointment. Meaning weaker than expected. Wall Street will love it, more free money. So that's my 2 cents.

 

[Rickshaw Man]

The estimate is 706,000. Just don't see it. Set the bar so high it can not be hit. Put me down for 400k jobs. Either way, the stock indexes will dip then, dip buyers will show up. They always do.

 

[kmiklas]

The FOMC main focus now is employment. It had been 2.00% inflation until they ran out of things to remove...meaning everything has now gone up. Even car prices. For the past 50 years, car prices went down, everyone knew that. But not anymore.

So they will now focus on employment. Tomorrow's jobs report will more than likely give the FOMC cover they so desperately need. Cover to keep the free money train rolling down the track.

They _want_ to keep pouring money into the markets. To justify this, they change the basis for their tapering/rate increase decision to data that supports more QE.

Why? I've heard several theories: devalue the US dollar, keep the markets rising for political motivations, fear of a taper-tantrum, support of the Biden administration...

Regardless, I say get on that QE train. It's a juggernaut. You can't fight the Fed.

 

[Scataphagos]

They _want_ to keep pouring money into the markets. To justify this, they change the basis for their tapering/rate increase decision to data that supports more QE.

Why? I've heard several theories: devalue the US dollar, keep the markets rising for political motivations, fear of a taper-tantrum, support of the Biden administration...

Regardless, I say get on that QE train. It's a juggernaut. You can't fight the Fed.

Historically when governments have gone into "money print" mode, they can't find a jumping off place to stop... so they just keep printing and printing into oblivion. The market soars but the currency becomes effectively worthless... bankrupting nearly everyone when adjusted for the currency devaluation regardless of how many "inflation dollars" they have. With the USD being the reserve currency, the total destruction won't occur overnight, of course, but that's little consolation. The Fed and the Biden administration are doing a "Thelma and Louise". We just haven't reached the edge of the canyon yet is all.

 

[kmiklas]

Historically when governments have gone into "money print" mode, they can't find a jumping off place to stop... so they just keep printing and printing into oblivion. The market soars but the currency becomes effectively worthless... bankrupting nearly everyone when adjusted for the currency devaluation. With the USD being the reserve currency, the total destruction won't occur overnight, of course, but that's little consolation. The Fed and the Biden administration are doing a "Thelma and Louise". We just haven't reached the edge of the canyon yet is all.

Must be nice to get a piece of that 120B/month QE, eh?

First of the month... a nice check for $5B rolls in... time to buy some Welfare Weed...

I haven't looked into it, but do you know if there's any visibility into _who_ is the beneficiary of all this QE? I'm sure the usual suspects: JPM, GS, MS, etc. but I'm not sure if it's public information.

 

[comagnum]

The FOMC main focus now is employment.

They have been saying this since 2009, we are fairly close to the long term avg. The Fed has to keep interest rates at historical lows & printing beyond infinity or the market will crash. When the Feds lips are moving they are lying or incredibly ignorant. The Fed has created the mother of all bubbles - they are playing with fire.

Fed - Unemployment