King Obama: The Fall
- Thread starter gwb-trading
- Start date
Quote from RCG Trader:
Yep, you racist, sexist, homophobic xenophobes do flock together.
The country is sick of you however, so we should at least leave you ET in peace, right?
so you're not "homophobic".. but it's an issue with you.. that tells me you take an interest in sex addicted men that like to f$%k each other in their hairy stinking assholes.. do you watch them do that via porn sites or what?
Starting with perhaps the crudest search possible (which would not return the entire internet):
Search string = "fed unwind inflation"
http://www.google.com/#hl=en&biw=13...qf.&bvm=bv.46340616,d.aWc&fp=1809cf7f3c9e6030
I even found a good article by a skeptical Hayekian on how it could be done!
But, you have to be willing to test your own premises.
What? This sentence is your entire explanation?
Federal Reserve Board Vice Chair Janet Yellen said on
Wednesday that the Fed must unwind asset purchases âin a timely wayâ
when the time comes in order to avoid inflationary pressures.
You are even more retarded than I suspected, Rectum.
So, I clicked your link. Of the ten links on the first page:
1, 2, 5 and 6 were all quotes by Uber Dove Janet Yellen.
#1 gave absolutely no specific manner in which any unwind would take place, just that "Yellen said an eventual end to the central bank's bond-buying stimulus will not mean interest rate increases are imminent, stressing the weak nature of the recent economic recovery." Ok, Yellen said so. Horseshit.
#2 was a forex blog that stated Yellen said the Fed must "unwind asset purchases âin a timely wayâ when the time comes in order to avoid inflationary pressures. " Great. How, again?
#3 was from by Matthew Yglesias, who has been discredited here many times as Krugman-lite, but lets look at what he has to say, again. He says that John Taylor is wrong. Let's see, who is more credible? Taylor or Yglesias? That's like putting Hayek up against Big Bird. But Yglesias only says in the article that the Fed doesn't have to unwind (which is hilarious) or it could simply raise interest rates on reserves if the banks begin to pull their money from it. So what do you think will happen first? The money going into the economy or the Fed's monthly meeting raising rates on reserves? The Fed has shown itself, time and time again to be behind the curve. Joke of an article, did you even read it?
#4 CNBC article titled "Unwinding US Balance Sheet May Disrupt Markets: Fed's George". Supports my case, not yours.
#5 was a duplicate of #2. Still irrelevant.
#6 was a duplicate of #2 and 5, just another website picking up the same story.
#7 Story from Bill Gross entitled "More from Gross: Fed stuck with bad bonds forever - Investment News". Supports my case, not yours.
#8 is former Fed Chair Volcker saying "âThe much-more frequent mistake, in my opinion, is that we go too slow,â he said. âItâs never popular to take the so-called punch bowl away.â" More of that "Behind the curve" part of addressing the problem. Still, no outlined exit policy whatsoever.
#9 is the man himself, Bernanke saying "Bernanke confident Fed will unwind economic stimulus." But no exit plan outlined whatsoever.
and finally, #10 is a Barron's article entitled "Defensive Inflation Plays - Penta - Barrons.com" where it talks about inflation being the danger because "Time will tell whether the Fed timed things right; the track record of central banks, historically, does not breed confidence" and " U.S. investors can prepare themselves in case the Fed loses its grip and prices suddenly skyrocket, by studying the lessons learned by other investors who have lived with and invested in high inflation countries like Argentina, Russia, and Mexico."
So without scrubbing the entire internet, I did what you suggested and found even more reason to believe you don't know your ass from a hole in the ground when it comes to financial markets. Not only was no exit plan outlined in anything in that first page of google links, but you clearly are unable to articulate how this exit could occur, because you simply don't have a clue how it would be done.
I don't understand how Ricter continues to post this nonsense. It makes a rational person break out in laughter.Quote from Tsing Tao:
Precisely. Obfuscate. That's his whole strategy in debate. And here I was thinking he might actually have a theory on how a Fed exit could occur. I should have known better. Instead he went all "Orlando Beach" on me.
I just hope some day he doesn't suddenly realize what everyone thinks of him and he goes postal on us.