Jerome Powell

Discussion in 'Politics' started by 78, Oct 10, 2018.

  1. 78

    78 Dazed and Confused
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    You've had your 15 minutes of fame, sir. Now kindly STFU.
     
  2. TLB

    TLB Just chillin'
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    Deeply insightful, yet respectful while critiquing throughout. HOF thread, no doubt.
     
  3. Gator Fever

    Gator Fever Senior Member

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    You have to leave some tools for when the crap hits the fan again which it will. Might be a while but there will be some payback eventually for all that crazy near ZIRP and trillions in QE etc. A ton of companies got funded that will never make a real profit. Some say it isn't far behind the mal-investment during the internet stock craze years ago.

    No one can get this stuff exactly right but some places seem to think another .5% in interest rate hikes will trigger a major correction of over 20%. A couple of historical things still point to the DOW fair value being close to 18k now. I just hope if the major correction happens it isn't in 2020. Best case would be it happened after election day 2020.
     
  4. 78

    78 Dazed and Confused
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    Follow the little squiggly line as it relates to the ominous grey pillars. After awhile you begin to notice the most amazing correlation. fredgraph_1RLI.jpeg
     
  5. 78

    78 Dazed and Confused
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    I fear a self-fulfilling prophecy.
     
    • 78

      78 Dazed and Confused
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      Dow futures imply a 350-point drop at the market open Thursday. Thanks again, Jer.
       
    • AugustaGator

      AugustaGator Junior Member
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      You think the music won’t stop?
       
    • 78

      78 Dazed and Confused
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      I think Powell made a mistake blabbling away that we're a long way from neutral on interest rates when the data doesn't support that thinking.

      I think Trump made a mistake by replacing Yellen, who actually read the data.

      I think economic expansions -- as well as recessions -- are now the artificial concoction of the Fed, in spite of what certain members of the Fed want you to think.

      I think Yellen got that. I think Powell doesn't.

      I think this economic expansion still has legs and that the organic portion of it only began when Trump took office. It was all Fed manipulated until then.

      I think Bernanke overplayed his hand from 2005 to 2007 and that it led us into recession.

      I think Powell is about to do the same.
       

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