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how inflation comes about
- Thread starter happy trading
- Start date
Glad you feel that way.
I differ. He shows he knows just enough to do what you say - convince others he knows what he is doing. Till.
Anyway I've not been in trading (for myself) for the last 20+ years for the pissing contest angle.
You on the other hand run some sort of manufacturing (?) company which qualifies you to make the above statement how?
If I want an opinion on a Architect let's say, I ask another Architect. Not a Dentist.
I also manage a pretty large trading account my own. And before the manufacturing firm, I managed a nine figure prop book for an investment bank. I also have been trading professionally and "on the side" for 20 years.
@SunTrader you don’t get it yet but you’re talking to people with professional trading experience, not retail hobbyists that you might be more accustomed to.
Could you read my post again perhaps? I thought I made it clear that the risk was inflation; not default.Yup. "Zero risk of default" LOL as long as they keeping raising debt limit and printing machines on overdrive.
Once the music and printing presses stop better run for the hills .... thedayweekmonthyear before. Too late.
You were responding to Sig here, but I wanted to comment on a couple points. If you want to understand why we have a central bank, studying the history of U.S. banking, and our many bank panics, will answer your question. It is true that the Federal Reserve was described as a "private" institution in the very legislation used to create it in 1913. With the advent of the Great Depression and the banking laws of the 1930s, however, any persistent belief that the Federal Reserve is a "private" institution became an illusion. Among the public, and especially among traders, it would seem there are many incorrect, but firmly held, beliefs regarding the Federal Reserve. One doesn't have to have a correct understanding of the Fed and how it operates to be a good trader, but it couldn't hurt.The US Dollar lost over 97% of its value since this private bank called the Federal Reserve took over the US banking system in 1913.
Why didn't you also "demonstrate" that fact?
Our nation's economy runs on fractional reserve banking and credit. The most powerful monetary tools, spending and taxation, are given over to the political process. The Central Bank is left with a weaker too, that of controlling the balance between bonds and reserves. Therefore the ascribing of excessive inflation to the central bank may not make much sense. At the very least, one should recognize that control of our money's buying power is a shared responsibility.
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So THEY say.@SunTrader you don’t get it yet but you’re talking to people with professional trading experience, not retail hobbyists that you might be more accustomed to.
Did ya also hear dozu trades large size from a 80 meter Yacht in the Med.
As Tradex put you wrote a book ... again.Could you read my post again perhaps? I thought I made it clear that the risk was inflation; not default.
But Ok you did say the risk is of inflation not default.
Yet you don't acknowledge, correct me if I am wrong, the role - big role The fed has in it. Briefly please any further response. Multiple long paragraphs shouldn't be needed. More money chasing goods equals higher prices. Just look at what the fairy dust magic has done for the longest bull market on record.
Trading size implies it is large lol — clearly you’ve never been on a trading floor. Your understanding of inflation and Fed policy is incorrect. One only needs to look at Japan and the Eurozone to see how money supply =! Inflation, because banks are paid interest on excess reserves. Everyone who trades rates and fx knows this, it’s well documented, and it’s been this way in the US for the past decade.So THEY say.
Did ya also hear dozu trades large size from a 80 meter Yacht in the Med.
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You're right I haven't. Now google something pertinent to imply you have.Trading size implies it is large lol — clearly you’ve never been on a trading floor..
In my dictionary large is large. How about yours?
Or did you somehow read something more into my post other than what was there in back and white? Besides hahaha it was a joke. Not the funniest, still you're picking apart a joke really?
As for trading bond rates - I don't - but I keep my eye on them because other market(s) and players do and obviously at some point they will really start moving. Forex, currencies uhhh oh sorry I mean FX (this lingo is tough to get a handle on) I keep my eye on TA and charts because my focus is day to day. You can have the funnymentals month to month year to year. And theories, calculus and stats. OK maybe I use stats here and there. Like how many needy folks there are on ET seeking approval of their postings? LOL I let you know when I get a complete tally. List just keeps growing and growing.
Your top of the list if I start one for those who need to flex their "knowledge" muscles repeatedly.
It's funny because you are clueless.Besides hahaha it was a joke. Not the funniest, still you're picking apart a joke really?
Lol okay dude, nice rambling and I hope you enjoy your charts. Just keep your bullshit and disinformation to yourself. You are like the Mike Lindell of ET lol.As for trading bond rates - I don't - but I keep my eye on them because other market(s) and players do and obviously at some point they will really start moving. Forex, currencies uhhh oh sorry I mean FX (this lingo is tough to get a handle on) I keep my eye on TA and charts because my focus is day to day. You can have the funnymentals month to month year to year. And theories, calculus and stats. OK maybe I use stats here and there. Like how many needy folks there are on ET seeking approval of their postings? LOL I let you know when I get a complete tally. List just keeps growing and growing.
Your top of the list if I start one for those who need to flex their "knowledge" muscles repeatedly.