NOTE: Too many assume the FED:
- is in full control of the economy, markets
- can totally control deflation & inflation, jobs, housing etc
- can & will adjust quickly and/or change course
- will not again make a serious error in INTEREST RATE/INFLATION adjustmebts.
I believe the FED has already erred as they did in being too late to raise rates. That error is less damaging than the CURRENT ONE: DELAY IN CUTTING RATES
- Recent revision in JOBS DATA appear to be a FED CYA strategy
Another FED error, much worse
Started by
dTraderB
, Aug 22 2024 09:28 AM
7 replies to this topic
#2
fib_1618
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Posted 22 August 2024 - 09:34 AM
- Recent revision in JOBS DATA appear to be a FED CYA strategy
Nah...don't you know...it's "Bidenomics"!
Fib
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#3
redfoliage2
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Posted 22 August 2024 - 09:54 AM
I think this Fed's performance is impressive in supporting the economy dealing with the historic COVID-19, the trade war, inflation, and the presidential politics. Don't fight the Fed if you want to make profit in the markets ......................
Edited by redfoliage2, 22 August 2024 - 10:02 AM.
#4
12SPX
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Posted 22 August 2024 - 10:10 AM
- Recent revision in JOBS DATA appear to be a FED CYA strategy
Nah...don't you know...it's "Bidenomics"!
Fib
hahaha
#5
12SPX
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Posted 22 August 2024 - 10:14 AM
I think this Fed's performance is impressive in supporting the economy dealing with the historic COVID-19, the trade war, inflation, and the presidential politics. Don't fight the Fed if you want to make profit in the markets ......................
You've got to be kidding, if they would have put rates back at 3% by 2010 I'd bet we wouldn't have seen inflation this bad as their low rates just put the consumers into debt even more. Take a look at credit card delinquency and levels, record highs as people have attempted to keep their high lifestyles alive!!! They need to go back to never talking and the briefcase indicator. All of this talk all of the time has just increased volatility.
#6
redfoliage2
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Posted 22 August 2024 - 12:01 PM
I think this Fed's performance is impressive in supporting the economy dealing with the historic COVID-19, the trade war, inflation, and the presidential politics. Don't fight the Fed if you want to make profit in the markets ......................
You've got to be kidding, if they would have put rates back at 3% by 2010 I'd bet we wouldn't have seen inflation this bad as their low rates just put the consumers into debt even more. Take a look at credit card delinquency and levels, record highs as people have attempted to keep their high lifestyles alive!!! They need to go back to never talking and the briefcase indicator. All of this talk all of the time has just increased volatility.
Powell was not the Fed president in 2010. It was Bernanke who was the Fed president from 2006-2014 ..........................
#7
12SPX
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Posted 23 August 2024 - 07:56 AM
I am talking about all of the Fed!! They, including Powell left rates far to low to long that created the bubble and inflation we have today. As the great Rick Santellie has also said the Fed has been manipulating the market for years, look at their balance sheets. I was around for the briefcase indicator, it was much better for the market. The fed needs to let markets work naturally.
#8
dTraderB
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Posted 25 August 2024 - 04:33 PM
FED has again blundered. Economy, and markets, will suffer.
