FOMC now says it will monitor employment.

comagnum said:
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
View attachment 262248
More...
Also, I believe that much of the drop in unemployment (after the massive 2020 spike) was due to PPP "loans" (grants), designed to keep people employed. It wasn't "authentic" re-employment, based on demand for workers. Hard to tell when those cash payments will be used up. MORE cash injections.

Lies, damned lies, and statistics. I can't help but wonder just how bad it really is if we peel back the layers of interest, QE, and cash injections of all kinds.
 
kmiklas said:
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.
More...

I believe that "$120B/mo" is mostly the Fed buying poor-quality mortgage loans and taking them out of play. Has the effect of adding $1.44T of "goose money" to the markets.

I saw a story about the average family receiving a total of $50,000 in "benefits" during the stimmy handouts and rent/mortgage moratorium. All I know is that I "didn't get no stinkin' checks"!

I read somewhere that the Fed wants to devalue the USD by 25%. Not sure what good that does everybody, but I doubt they stop there.... more likely, GOIN' ALL THE WAY, BABY... Thelma and Louise off the cliff!
 
Last edited:
Scataphagos said:
I believe that "$120B/mo" is mostly the Fed buying poor-quality mortgage loans and taking them out of play. Has the effect of adding $1.44T of "goose money" to the markets.

I saw a story about the average family receiving a total of $50,000 in "benefits" during the stimmy handouts and rent/mortgage moratorium. All I know is that I "didn't get no stinkin' checks"!

I read somewhere that the Fed wants to devalue the USD by 25%. Not sure what good that does everybody, but I doubt they stop there.... more likely, GOIN' ALL THE WAY, BABY... Thelma and Louise off the cliff!
More...
A thought that crossed my mind is that all this currency printing is a response to China devaluing the Yuan.
 
kmiklas said:
A thought that crossed my mind is that all this currency printing is a response to China devaluing the Yuan.
More...

They (China) tried that at the end of 2015. Their little scheme did not work. IIRC, they started the motions to do that again sometime in the Trump era. 2 years ago? It didn't work.

They'd be stupid to try it again.
 
I guess the rise in the unemployment rate to 5.9 was the saving grace. Something they can hang their hat on.

Markets at all time highs, inflation rising, gas prices at 5-year highs. Yet the FOMC it acting like we are in a recession, makes no sense.
 
You must log in or register to reply here.
Back
Top