Market getting Powellverized

Discussion in 'Political Opinions & Beliefs' started by Lee Atwater, Mar 22, 2023.

  1. drluggit

    drluggit Well-Known Member

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    Welcome to monday morning quarterbacking at the PF... Today's contestant is LA who is snorting mad about , well, that's unclear. Cheap money wasn't an issue until it was. And given the drunken sailor spending of the current administration, what else could have gone wrong for the Biden? So, blame shift, and now it's the Federal Reserve that is the true architect of economic decay, not this looney toons president who thinks the limit to financial stability is the potential output of all the treasure printing presses...
     
  2. LangleyMan

    LangleyMan Well-Known Member

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    The pols could hold down interest rates a bit if they tightened regulations on banks--making them mitigate risk by lending less money--and putting a temporary surtax on higher incomes.

    What should be done is the issue.
     
  3. LangleyMan

    LangleyMan Well-Known Member

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    You've had your fun finger-pointing. What is it we should be doing now? You haven't said.
     
  4. expatpanama

    expatpanama Active Member

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    --or lack of math altogether maybe.
     
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  5. Lee Atwater

    Lee Atwater Well-Known Member Past Donor

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    If I had a dollar for every time you misrepresented what I said I'd have a private jet.
     
  6. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    What does your pseudo-conservative "math" say? Yes, I know people like you thrive on negativity and pessimism, but why make stuff up? To say S&P is down 21% in a year is a lie. Plain and simple.

    See, you don't really need math, because you can pull up the chart and click on "1 year" option and it will actually give you the figure so you don't need to sprain your brain trying to figure it out, or take fellow pessimist word for it without question (like you obviously did). I just looked it up again for you and its nowhere near 21%, its 11.6%, so your partisan "math" is off by a HUGE margin
     

    Attached Files:

    Last edited: Mar 23, 2023
  7. expatpanama

    expatpanama Active Member

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    ah, we got a problem w/ accuracy. I said a year. Correct. If I had said 365 days then we'd be comparing returns since Mar. 23, 2022. If I'd said 12 months then we'd be talking about a high between Mar 8 and Apr. 8. If I'd said one year --oh wait, you probably never took any of those math courses any way.

    OK, so Mar. 23, 2022 it was --why am I bothering. Me and the others who looked saw a drop way over your silly 6%. Maybe it's not a math thing but rather a money thing. Some folks are always broke and are trying to hit up others...
     
  8. doombug

    doombug Well-Known Member

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    And you think this is all the fault of one political party? Hahaha!

    The whole thing is a **** show. Both parties suck.
     
  9. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    No, you have a problem with honesty, or lack thereof. Feel free to define your year any length you want to support your Panamanian "math". See the attachment and tell me what you see in the "past year".

    And you try to insult me........Some people.........Sheesh

    Enjoy the Latin American sun.
     

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    Last edited: Mar 23, 2023
  10. Lee Atwater

    Lee Atwater Well-Known Member Past Donor

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    Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.
    Jerome H. Powell has said that snarled supply chains, an oil shock following Russia’s invasion of Ukraine and shifts among American consumers are primarily behind rapid price growth.

    WASHINGTON — The chair of the Federal Reserve, Jerome H. Powell, has repeatedly undercut a central claim Republicans make as they seek sharp cuts in federal spending: Government spending is driving the nation’s still-hot inflation rate.

    Republican lawmakers say spending programs signed into law by President Biden are pumping too much money into the economy and fueling an annual inflation rate that was 6 percent in February — a decline from last year’s highs, but still well above historical norms. Mr. Powell disputed those claims in congressional testimony earlier this month and in a news conference on Wednesday, after the Fed announced it would once again raise interest rates in an effort to bring inflation back toward normal levels.

    Asked whether federal tax and spending policies were contributing to price growth, Mr. Powell pointed to a decline in federal spending from the height of the Covid-19 pandemic.

    “You have to look at the fiscal impulse from spending,” Mr. Powell said on Wednesday, referring to a measure of how much tax and spending policies are adding or subtracting to economic growth. “Fiscal impulse is actually not what’s driving inflation right now. It was at the beginning perhaps, but that’s not the story right now.”

    https://www.nytimes.com/2023/03/23/us/politics/republicans-inflation-federal-reserve-powell.html

    Since it runs counter to the politicized Repub narrative you will no doubt refuse to ignore Powell's testimony.....while being unable to refute it.
     
  11. ButterBalls

    ButterBalls Well-Known Member

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    [QUOTE="LangleyMan, post: 1074107233, member: 76487"]The pols could hold down interest rates a bit if they tightened regulations on banks--making them mitigate risk by lending less money--and putting a temporary surtax on higher incomes.

    What should be done is the issue.
    [/QUOTE]

    Yup, the could
    But their not going to :) People fail to see the waters rising!
    Fed raises key rate by quarter-point despite bank turmoil - Las Vegas Sun Newspaper

    Just enough to keep the ignorant, ignorant! Until all the duck are lined up and then, banks will start failing quicker and quicker and the only thing that will save us will be the Fed coin. At that point we will have no money in hand and we will be issued a number and the only way you will purchase or pay is with a fed card and a digital account.. And it gets even more scary once you look in to how it will be programable.

    The fed coin will be programable - Search (bing.com)

    Get prepared :)

    Feds Using Banking Crisis to Usher in Central Bank Digital Currency, Experts Warn • Children's Health Defense (childrenshealthdefense.org)
     
    Last edited: Mar 23, 2023
  12. LangleyMan

    LangleyMan Well-Known Member

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    What's your point?
    So, what should the Fed do?
     
  13. modernpaladin

    modernpaladin Well-Known Member Past Donor

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    The Fed doesnt know what its doing. Neither does any of the market regulatory agencies. They're all empty suits following an economic instruction manual written by think tanks half a century ago who were more concerned with economic imperialism than general prosperity, stability or sustainability. Our print-to-spend style of governance has one innevitable conclusion- collapse. The only questions are: how long can we keep the plate spinning on the stick, and will we finally build a more sensible system from the ashes of this one or will we just let the authorities (and by extension the corrupt money-powers who buy them off) have the total control they'll claim they need to 'fix' it?
     
    Last edited: Mar 24, 2023
  14. StillBlue

    StillBlue Well-Known Member

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    "


    "
     
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  15. StillBlue

    StillBlue Well-Known Member

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    I tried to be complete. Did I miss any?
     
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  16. JohnHamilton

    JohnHamilton Well-Known Member

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    I guess the Democrats here think that a razor thin majority in the House has given the Republicans control of the government. Therefore they can blame everything on them. The Republicans might be able to slow in increase in government spending, which one of the inflation factors, but that about it.

    As for the Federal Reserve, yes, it started raising interest rates at least a year too late. I would point out that Biden could start replacing people on the Fed board if he so chooses.
     
    Last edited: Mar 24, 2023
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  17. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Spending peaked during the pandemic, but has not increased after that so "slow in increase in government spending" is somewhat in accurate. Not sure what the GOP will do, or want to do before the 2024 elections, but I am guessing they won't do much, and do not want to do much and even can't do much about it. The estimate is that spending will remain more or less the same, while receipts will increase by about 20% by 2026 (regardless of who is in control), and that will narrow the deficits. IOW spending would become more affordable. Neither party will agree to spending cuts. That is all empty talk, and even GOP who always raves about it, increased spending by 20% last time they had full control of House, Senate and WH.
     
  18. Lee Atwater

    Lee Atwater Well-Known Member Past Donor

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    Here's what they are doing. They're making the false assertion about government spending and inflation in order to use it to get budget reductions in the upcoming showdown on increasing the debt limit. A debt limit they had no problem increasing when the King of Debt's governance lead to huge annual deficits.
     
  19. cd8ed

    cd8ed Well-Known Member Past Donor

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    I have to admit it took me a minute! LOL

    Unfortunately accurate
     
  20. ButterBalls

    ButterBalls Well-Known Member

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    Only thing they can do at this point, raise interest rates, crater more banks until the only "Planned" option is programmable digital dollar! Then they will have a clear path to the rest of their agenda, and it aint gonna be pretty :)

    Are you prepared for it ;)

    We will own nothing, we will never have total control of our money ever again and the Fed will control what you spend their it on. Registered ESG companies will be paid automatically with or without your consent on time regardless of your current budget and so on..
     
    Last edited: Mar 24, 2023
  21. LangleyMan

    LangleyMan Well-Known Member

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    Won't happen. They have the ability to rescue banks, if they choose.
    Since they won't push a "programmable digital dollar," I can't imagine what you think the rest of their agenda might be.
    I don't see it.
     
  22. ButterBalls

    ButterBalls Well-Known Member

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    You don't see it :) You better start looking!


    The US dollar could go digital. Here's what you need to know | CNN Business


    Banks, crypto lobby clash with lawmakers over Fed digital dollar - POLITICO

    Opinion | Cash Will Soon Be Obsolete. Will America Be Ready? - The New York Times (nytimes.com)
     
  23. JohnHamilton

    JohnHamilton Well-Known Member

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    This reminds of the situation during the Carter and early Reagan administrations. Paul Volker was the devil incarnate because he was pulling the plug on the money supply to get inflation calmed down. It was causing economic hardship, and he was to blame. The people who to blame were the politicians who let inflation get to where it was.

    The same is true now. It started with George W Bush after 9-11. To keep the economy going, he supported cheap money and lower interest rates. It continued under Obama and got worse under Trump because of Coved. That was the beginning of these ridiculous multi-trillion dollars spending bills combined with Modern Monetary Theory. That bit of nonsense states that the government can create money to pay for deficit spending with no adverse effects. That has been proven wrong repeatedly, but some "intellectuals" think that they can ignore history since they say they can re-write it. They can't. If you make the same mistakes, you end up with the same results.
     
  24. Lee Atwater

    Lee Atwater Well-Known Member Past Donor

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    See post #35.
     
  25. nopartisanbull

    nopartisanbull Well-Known Member

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    Once again, where are the critical thinkers?

    Claim: “Government spending is fueling inflation”

    Let’s see……

    1. Fiscal year 2018

    a. Annualized Inflation rate, end Sep 2017; 2.2%
    b. Total Gov. Outlays, end Sep 2017; $3.981T
    c. Total Gov. Outlays, end Sep 2018; $4.108T…..up 3.2%
    d. Annualized Inflation rate, end Sep 2018; 2.3%……up 0.1%


    2. Fiscal Year 2019

    a. Annualized inflation Rate, end Sep 2018; 2.3%
    b. Total Gov. Outlays, end Sep 2018; $4.108T
    c. Total Gov. Outlays, end Sep 2019; $4.447T…..up 8.2%
    d. Annualized inflation Rate, end Sep 2019; 1.7%…..down 0.5%

    Huuuummmm, Gov. FY2019 spending increased by a whopping 8.2%, and the annualized inflation rate decreased by half of a percent?????????

    Thus, if said claim is true, then, WHAT TYPE of government spending increased/increases inflation?

    CURRENTLY/FY2023…..Possibly COLA’s 8.7% increase;

    FY2022 SS Benefits; Approx $1.2 Trillion, + 8.7% = 1.3 Trillion, thus, a minimum of $100 billion increase over 12 month.
     

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