Ralph Waldo Emerson advise for Powell...

[murray t turtle]

Told the truth? He kept printing money when inflation signs were clear. Lying also occurs via omission.

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I see your points;\
i never blame the bank or bank regulator[FED] when a serial dc drunk sailor over spends .
And then again\ the talking snake media promotes an increased spending limit\LOL
When it gets dark enough you can see stars-RWE
I also like a budget /Dave Ramsey is right; but unlike a dc drunk i value my liver also.
I dont agree with the Fed selling silver + related in 1964, but the miners+ dealers may have liked that, so win win, even if they made a mistake then.

 

[zdreg]

That must be the solution, taking our cues from random YouTubers who have zero training nor experience of economics, never exposed themselves to professional market participants, never worked at a financial institution.

I put billion times more worth into the clout of fed members than all the other talking heads that are now all equipped with magaphones so their screams and unqualified ideas are better heard by everyone.

You are putting your faith in group think who come with a certain institutional baggage. This baggage includes knee towing to Congress. This group is never going to tell you they are screwing the country because they are scared of blowback from Congress.

 

[countryBoy641]

Dumb nut. Read some basics about how institutions work, you conflate everything and seem to have zero clue how the Fed operates.

OK, I'm a dumb nut.
But I swing traded for a 28% return in 2022.
And most of my closing trades qualified for long term capital gains.
How did you do, pal ???

 

[ElCubano]

I am fully positioned for another 50% equity market sell-off over the next 2 years.

 

[schizo]

Is this a post from 12 months ago? Have you been sleeping? The economic condition is tight labor markets and sky high inflation. As we speak we are raped on a daily basis by incredible corporate greed and graft, never before seen. Thank you fed for making money again worth something and putting a lid on current untenable equity valuations. I am fully positioned for another 50% equity market sell-off over the next 2 years.

LOL Nobody here was complaining when the indexes were hitting ATH on a daily basis just 2 years ago. If I remember correctly, they were all in praise of Powell and his "sycophants". Money can do strange things to people's heads.

 

[M.W.]

Until recently Congress and the Fed were separate institutions, the Fed had an independent apolitical mandate to manage employment and inflation. This all changed when fed officials began to be beholden to politics.

You are putting your faith in group think who come with a certain institutional baggage. This baggage includes knee towing to Congress. This group is never going to tell you they are screwing the country because they are scared of blowback from Congress.

 

[M.W.]

See my post above. I agree but the problem lies mostly with previous fed heads, Powell is the one who is not forced to pick up the pieces resulting from 2 decades of easy monetary policy that had done so much incredible damage.

LOL Nobody here was complaining when the indexes were hitting ATH on a daily basis just 2 years ago. If I remember correctly, they were all in praise of Powell and his "sycophants". Money can do strange things to people's heads.

 

[schizo]

See my post above. I agree but the problem lies mostly with previous fed heads, Powell is the one who is not forced to pick up the pieces resulting from 2 decades of easy monetary policy that had done so much incredible damage.

Yes, but Powell had his frigging chance to fix this inflation early on. And yet he just dicked around wasting all opportunities. Do you remember when he miscalculated by saying he believed this inflation would be temporary? He didn't need to raise the interest rate by 0.75% had he started sooner. The guy has no clue IMO.

The following video demonstrates how I feel about Powell. He needs to get his hands dirty. He can't just act like an academic living in some ivory tower:

 

[schizo]

In fact I, along with others here, have been bitching about why Powell was dragging his damn feet when even a little kid could sense that price was out of control. I argued at the time that there was no need to wait until the inflation is so high that we had to bring in someone like Paul Volcker (aka hatchetman) to bring the runaway inflation back down that would ultimately, in turn, cause a severe recession.

AND THAT'S WHAT EXACTLY HAPPENED WITH POWELL HIMSELF AS THE REINCARNATION OF PAUL VOLCKER.

See the link to the thread below. Oh, how much this pisses me off, you can't even imagine!

Do we need a runaway inflation before someone like Volcker steps in?
https://www.elitetrader.com/et/thre...-before-someone-like-volcker-steps-in.361992/

Edit: I'm re-reading that thread and OMG all those idiots who said I was crazy at the time are the same idiots who are now bitching about Powell.

 

[countryBoy641]

That must be the solution, taking our cues from random YouTubers who have zero training nor experience of economics, never exposed themselves to professional market participants, never worked at a financial institution.

I put billion times more worth into the clout of fed members than all the other talking heads that are now all equipped with magaphones so their screams and unqualified ideas are better heard by everyone.

Looking at your first post of this thread,
you need to take a back seat more often pal.
You are way out over the tips of your skiis.