What fed chairman would actually hint at the word recession let alone the word DEPRESSION???

[S2007S]

What fed chairman would actually hint at the word recession let alone the word DEPRESSION???

Then of course you get that extra bonus statement:

Powell said the country will get to “an even better place” than it was before the coronavirus hit, and that it “won’t take that long.”


As I said this weekend this 60 minutes interview was going to be very dovish and pleasant....


https://www.cnbc.com/2020/05/17/pow...ent-but-he-doesnt-see-another-depression.html

 

[zdreg]

What FED chairman would admit the US is an insolvent country?

 

[Scataphagos]

When Powell took office and was intitially paring down the Fed's balance sheet and raising rates... I thought perhaps some sanity and even some good had returned to the Fed.

But now he's flip-flopped to become just like Greenspan, Bernanke, Yellen... BUT ON STERIODS!!

We're all F'd!

 

[maxinger]

even with hint of recession, market continues to go up strongly.

In fact, Russell 2000 went up till it hit limit high.

 

[RainMaker3000]

What fed chairman would actually hint at the word recession let alone the word DEPRESSION???

Then of course you get that extra bonus statement:

Powell said the country will get to “an even better place” than it was before the coronavirus hit, and that it “won’t take that long.”


As I said this weekend this 60 minutes interview was going to be very dovish and pleasant....


https://www.cnbc.com/2020/05/17/pow...ent-but-he-doesnt-see-another-depression.html

Can you buy bread with a piece of paper?

 

[zdreg]

Can you buy bread with a piece of paper?

Sure you can if you have enough paper.

Germany 1920's

 

[hafez50]

Before its over i bet we have $10 trillion of Stimulus and the perfectly timed "Virus vaccine" news pretty much guarantees we never see the 2176 lows again.The whole world is stacked short. Wouldn't suprise me to see 3k to screw these shorts up

 

[volente_00]

Before its over i bet we have $10 trillion of Stimulus and the perfectly timed "Virus vaccine" news pretty much guarantees we never see the 2176 lows again.The whole world is stacked short. Wouldn't suprise me to see 3k to screw these shorts up

The market can stay irrational longer than you can stay solvent



i won’t be even think of being bearish again longer term until upper SPX gaps are filled above 3000

 

[zdreg]

The market can stay irrational longer than you can stay solvent

Put it in in quotation markets since it it is an old saying and not your original thought. You don't want to be accused of plagiarism.

 

[clacy]

I would say it’s fairly obvious that they’ve decided to print whatever is necessary to avoid a depression.

Right now their only constraint is inflation and I'm not sure I see high inflation in the near term.

Oil, housing and the labor markets should counter any inflationary forces.