Philly Fed Chief Warns That Inflation Is Too High: Rate Hikes Needed

[ByLoSellHi]

Quote from TheDudeofLife:

why are you hating??

This economy is the "Greatest Story Never Told"

lmao.

 

[bgp]

good comments .

 

[duard]

Quote from Covertibility:

When your done losing money trying to short the market, go buy yourself a good history book. Weimar republic was 1912-1933 while Nietzsche occupied space 1844-1900.

No offense. I'm certainly not trying to start a flame war. All in good fun you know...

Weimar is a city in Germany. It is located in the Bundesland of Thuringia (German: Thüringen), north of the Thüringer Wald, east of Erfurt, and southwest of Halle and Leipzig. Its current population is approximately 62,000. The oldest record of the city dates from the year 899.

Famous residents of Weimar
Goethe and Schiller in front of the Deutsche Nationaltheater
Goethe and Schiller in front of the Deutsche Nationaltheater

* Wassily Kandinsky

* Friedrich Nietzsche

I left Kandinsky on the list as he is a favorite just in case you didn't realize his affiliation.

And lastly my shorts are serving me well right now as compared with yesterdays' close.


and this as the time stamp shows is YESTERDAY's commentary.

duard


Registered: Jan 2005
Posts: 1116


02-20-07 06:11 PM

Now of course as noted in the real-time diary. I did take my profits early on the reverse long for the reasons stated.

Oh well....


Let's see how my current net short works out for the afternoon session and perhaps the week.


Depending on the price action this afternoon I may hold some contracts overnight as a position trade. Although this market is very momentum driven to the upside on long-term charts.....


Good Luck to you to sir

 

[Covertibility]

Quote from duard:

No offense. I'm certainly not trying to start a flame war. All in good fun you know...

Weimar is a city in Germany. It is located in the Bundesland of Thuringia (German: Thüringen), north of the Thüringer Wald, east of Erfurt, and southwest of Halle and Leipzig. Its current population is approximately 62,000. The oldest record of the city dates from the year 899.

Famous residents of Weimar
Goethe and Schiller in front of the Deutsche Nationaltheater
Goethe and Schiller in front of the Deutsche Nationaltheater

* Wassily Kandinsky

* Friedrich Nietzsche

I left Kandinsky on the list as he is a favorite just in case you didn't realize his affiliation.

And lastly my shorts are serving me well right now as compared with yesterdays' close.


and this as the time stamp shows is YESTERDAY's commentary.

duard


Registered: Jan 2005
Posts: 1116


02-20-07 06:11 PM

Now of course as noted in the real-time diary. I did take my profits early on the reverse long for the reasons stated.

Oh well....


Let's see how my current net short works out for the afternoon session and perhaps the week.


Depending on the price action this afternoon I may hold some contracts overnight as a position trade. Although this market is very momentum driven to the upside on long-term charts.....


Good Luck to you to sir

If you look back at my original post, Weimar fans is a reference to the inflationary period, not of the city.

 

[TM_Direct]

Quote from Covertibility:

If you look back at my original post, Weimar fans is a reference to the inflationary period, not of the city. I've used this reference many times on this site too which makes your post rather odd.

Be sure to never refer to the economy as hamburger meat either...could start another debate over the germany city of Hamberg

 

[duard]

Mea culpa.

Just looking for a fight I guess.

More brawler than brains I suppose. But that's what a futures trader should be?

 

[Hydroblunt]

Quote from originalskunk:

Luckily the dumb public don't understand anything about money, else they would have realized that despite the number of dollars in circulation having doubled during the past 6 years, the markets are not anywhere close to doubling. Hardly a great "investment".

Nor do they understand that employment is easily above 10% and rising . Only the Prison Industrial Complex is keeping it down, somewhat.
Inflation is about 10% as well. Thank god for derivatives to hide all those dollars, or it would be in chaos mode.

The Fed funds rate is an overhyped number that does not have that much effect on the money supply. Unless it is being jacked up by insane amounts, like 500bps.

It's at rock bottom levels nowdays, even 4 consecutive hikes of 25bps is not that significant.

 

[dhpar]

what rate hikes... Look at LEI today - the major reason they were up was that real money supply was up. Fed is going to drown us in money...

 

[ByLoSellHi]

Quote from dhpar:

what rate hikes... Look at LEI today - the major reason they were up was that real money supply was up. Fed is going to drown us in money...

Exactly.

Buy hard assets boys.

Money is reverting to the paper and ink it really is.

 

[duard]

Quote from ByLoSellHi:

Exactly.

Buy hard assets boys.

Money is reverting to the paper and ink it really is.

My portfolio already looks like Mr. T.


I pity the fool....