Moneymoney

Wed Oct 30, 2019, 01:16 PM

FED cuts .25 point.

They should be doing the opposite and raising rates.

Which would force the Congress to cut spending, but the swamp prefers to borrow and spend.

Stocks should be going higher today on the rate cut.

6 replies, 79 views

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Reply FED cuts .25 point. (Original post)
uncledad Oct 30 OP
Let it go Oct 30 #1
uncledad Oct 30 #2
Frankenvoter Oct 30 #3
uncledad Oct 30 #4
nolidad Oct 30 #5
uncledad Oct 30 #6

Response to uncledad (Original post)

Wed Oct 30, 2019, 01:32 PM

1. Flat. Were priced in

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Response to Let it go (Reply #1)

Wed Oct 30, 2019, 01:35 PM

2. Hour and a half to go. Little mojo magic...

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Response to uncledad (Original post)

Wed Oct 30, 2019, 01:36 PM

3. They're trying to manufacture the illusion of a recession

Supposed "worldwide slowdown in economic indicators", blah, they just want to make sure that by this time next year the narrative will be that we're in the worst recession since the stagnation of the 1970's, it'll be the worst economy ever thanks to Trump and only a democrat will be able to save us.

The fed are a bunch of scumbags interested in thier bottom line, not the overall economic health of America.

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Response to Frankenvoter (Reply #3)

Wed Oct 30, 2019, 01:52 PM

4. I prefer no recession, a reduction in the National debt, and no wars.

While I try to stay optimistic, history tells me being cynical is the way to go.

The FED belongs to the Wall Street banks.

Who ever is elected next term, will be dammed if they do, or dammed if they don't.

A participation trophy to a shit-show isn't going to change the direction the rest of the planet is headed to.

With a little luck, we squeeze by the downturn.

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Response to uncledad (Original post)

Wed Oct 30, 2019, 02:11 PM

5. This is going to crash badly!

$17.5 trillion of sovereign debt with negative yields- more of the world in or bordering recession- China in deep mu-shu, you are right we should raise rates! But the amazing thing is, is that even with all the fiat money that the fed has flooded the economy with- we still have low inflation!

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Response to nolidad (Reply #5)

Wed Oct 30, 2019, 02:33 PM

6. The money flood went to the monied class.

The reporting of low inflation by the Federal government is used to keep COLA payouts low.

It's a way to reduce the overhead of labor costs in the private sector also.

Look at the cost of a new Ford F 150. There's inflation and then there's inflation.

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Moneymoney