Saw a guy broke down in a Tesla , the other day. I held out my credit card and said " charge it ", as I drove past in my fossil fuel burning jalopy. He flipped me off.
@Baley said:
We hope things improve for you derryb so you could afford a freezer
Back in the day the old timers here in gods country didn't need freezers, Shoot a deer, hang in tree and nature kept it frozen all winter. Go cut off a piece of meat as needed. Those days are long gone due to global warming. Hopefully the power grid can keep your polluting freezers running. Remember, the earth is flat, dinosaurs aren't real and windmills cause cancer. Semper Fi.
@Baley said:
We hope things improve for you derryb so you could afford a freezer
Back in the day the old timers here in gods country didn't need freezers, Shoot a deer, hang in tree and nature kept it frozen all winter. Go cut off a piece of meat as needed. Those days are long gone due to global warming. Hopefully the power grid can keep your polluting freezers running. Remember, the earth is flat, dinosaurs aren't real and windmills cause cancer. Semper Fi.
we need to start expanding the balance sheet again....
I'm curious why. I'd think we have about $2 Trillion of room left. and why is there a sharp V bottom up in that green circle... that quite a bounce up.
@NIPSZX said:
This is the best global economy in all of history and it will last the longest in all of history.
However, I think we will have a terrible crash in 2024 that will knock down the stock market to about 10,000 more than where we are now. I think the stock market will crash the DoW back all the way back down to 40,000 in 2024.
The economy has been on life support since 2009. Most everything about it is induced temporary breathing. QE has returned. Near zero rates are close to becoming negative. FED has been unable to move rates up so that it can use rate reduction as an effective tool later. Modern Money Theory (Magic Money Tree) is about to blow the lid off of printing. After 2020 election there will much less effort/need to continue fooling the voting public. Fake news is not limited to just politics. And that's just the US. Most other nations in worse shape. Years of FED mismanagement have led to these boom/bust cycles.
A 2024 crash is extremely optimistic.
The thing that people don't realize is that, with the FED nowadays, bad news is better for the markets and the economy. Life support is great for an economy as we have seen.
I didn’t read that strongest economy article, but it’s obvious if the economy is strong, the stiffs want and get more and basically the people performing don’t have time for the governing bullish!t and until they care and make some moves, then all the giveaway bullish!t can be over
I like how articles like this are targeted at trying to debunk the current administrations statements when the alternative is an additional 22 trillion or more in additional social program spending. I also wonder if the comparison is based on "income taxes" to spending or all payroll taxes to include SS and Medicare taxes.
@rawteam1 said:
money does not make the economy...
An economy is a system of labor, exchange and consumption. Money facilitates each of it's processes. Without some form of money there is no economy. Money makes the economy.
@rawteam1 said:
money does not make the economy...
An economy is a system of labor, exchange and consumption. Money facilitates each of it's processes. Without some form of money there is no economy. Money makes the economy.
Let me be more specific since you must have been a government employee or an engineer...
oh, and don't forget they put keystroked cash on reserve accounts and bought assets with it just to try to remedy the tightness in the secondary repo market. that is different, too.
Everything about the FED is different since they failed us in 2007
Lol..the FED attempts to fix our politicians mistakes. And they do a pretty good job considering they garbage they are handed. You should be thankful for the FED.
@derryb said:
Everything about the FED is different since they failed us in 2007
Failed us? Sh!t they gave me the greatest opportunities of a lifetime, loved it and livin it, they also gave everyone else the exact same opportunities...
@derryb said:
Everything about the FED is different since they failed us in 2007
Failed us? Sh!t they gave me the greatest opportunities of a lifetime, loved it and livin it, they also gave everyone else the exact same opportunities...
They parted the clouds to let the sun shine on the doom and gloomers. How dare they.
Everything about the FED is different since they failed us in 2007
Lol..the FED attempts to fix our politicians mistakes. And they do a pretty good job considering they garbage they are handed. You should be thankful for the FED.
Yes, like how the Federal Reserve issued 56,000 metric tons worth of gold-clause notes from 1914-1933 with no gold to back them. And then they insisted that the government bail them out by cancelling all their (gold) obligations, which Roosevelt did.
The government has shirked their single most important duty, and that is to provide a fair and stable medium of exchange for the general economy. But now there is a middle-man taking 3% of a large percentage of all commercial transactions (credit card). And the FED skims their 6% profits off the top of the economy as well. It used to be that a merchant and a customer could get together and have a cost-free transaction using stable money.
From 1865 to 1914 there was a lot of sound economic growth in the United States. The FED was not required for that. Since the inception of the FED, repeated economic crises have been more frequent and severe. The policies have resulted in a concentration of wealth and power at the top, at the expense of everyone else. The standard of living is going up for a few and down for the majority. It used to be that one spouse could stay home and do the domestic duties. But for most families today, both spouses have to work to make ends meet.
North Dakota has the right idea with their state-owned bank which is run for the benefit of all. Don't get me wrong, I'm a devout capitalist. But the one thing that really should be nationalized is banks.
Everything about the FED is different since they failed us in 2007
Lol..the FED attempts to fix our politicians mistakes. And they do a pretty good job considering they garbage they are handed. You should be thankful for the FED.
The FED is too busy trying to fix its own mistakes. Boom/bust cycles, what are they good for?
So dcarr, you are upset because there are credit cards?
Have you really studied economic history from 1865-1914 and concluded that was a better time for the USA than any other, or from 1914-present?
Recessions were much more frequent, lasted longer and were much deeper. Yet you say that was better?
Everything about the FED is different since they failed us in 2007
Lol..the FED attempts to fix our politicians mistakes. And they do a pretty good job considering they garbage they are handed. You should be thankful for the FED.
The FED is too busy trying to fix its own mistakes. Boom/bust cycles, what are they good for?
Kinda like highways. We cruise along at 75 mph, then come up along some jack that wasnt paying attention and rear ends a tractor trailer. According to you we should just keep driving along at 75, whereas a more prudent person would make a different decision.
According to you, tapping the brakes is bad when the road is congested, just as pressing the accelerator is bad on the open road.
constantly stomping on the brakes and then the gas is no way to drive an economy. The lower half of the economic spectrum suffers from the bust while the upper half are rewarded during the boom. You and your pet rock should know that by now.
@derryb said:
constantly stomping on the brakes and then the gas is no way to drive an economy. The lower half of the economic spectrum suffers from the bust while the upper half are rewarded during the boom. You and your pet rock should know that by now.
@derryb said:
constantly stomping on the brakes and then the gas is no way to drive an economy. The lower half of the economic spectrum suffers from the bust while the upper half are rewarded during the boom. You and your pet rock should know that by now.
@cohodk said:
So dcarr, you are upset because there are credit cards?
Have you really studied economic history from 1865-1914 and concluded that was a better time for the USA than any other, or from 1914-present?
Recessions were much more frequent, lasted longer and were much deeper. Yet you say that was better?
You are confusing the economic benefits of technological advancements with the actions of the Federal Reserve.
Any increases in standards of living that we have seen are due to technology, not the FED. In fact, standards of living would be much higher without the FED.
Comments
We hope things improve for you derryb so you could afford a freezer
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
Those drop in some glasses of bourbon or something right @baley??
Indeed they do!
Liberty: Parent of Science & Industry
It takes more silver to buy practically everything today vs 10 years ago. Sheesh!!! It's rough out there.
Knowledge is the enemy of fear
Saw a guy broke down in a Tesla , the other day. I held out my credit card and said " charge it ", as I drove past in my fossil fuel burning jalopy. He flipped me off.
Back in the day the old timers here in gods country didn't need freezers, Shoot a deer, hang in tree and nature kept it frozen all winter. Go cut off a piece of meat as needed. Those days are long gone due to global warming. Hopefully the power grid can keep your polluting freezers running. Remember, the earth is flat, dinosaurs aren't real and windmills cause cancer. Semper Fi.
The whole worlds off its rocker, buy Gold™.
You forgot... and gold is money...
Gawd i love this place 😉
Liberty: Parent of Science & Industry
Like negative low?
https://fred.stlouisfed.org/series/WALCL
yeah
we need to start expanding the balance sheet again....
I'm curious why. I'd think we have about $2 Trillion of room left. and why is there a sharp V bottom up in that green circle... that quite a bounce up.
I guess it could be they are holding MBS and long dated Treasuries to maturity. that could explain the $2 trillion additional size.
The thing that people don't realize is that, with the FED nowadays, bad news is better for the markets and the economy. Life support is great for an economy as we have seen.
In baleyville, we do spheres, we do cubes, and we do free form..
Liberty: Parent of Science & Industry
Manhattan?
San Diego!
Liberty: Parent of Science & Industry
Its hot this week in San Diego
Strongest Economy Ever? Americans Receive More In Benefits Than Pay In Taxes
Give Me Liberty or Give Me Debt
I didn’t read that strongest economy article, but it’s obvious if the economy is strong, the stiffs want and get more and basically the people performing don’t have time for the governing bullish!t and until they care and make some moves, then all the giveaway bullish!t can be over
I like how articles like this are targeted at trying to debunk the current administrations statements when the alternative is an additional 22 trillion or more in additional social program spending. I also wonder if the comparison is based on "income taxes" to spending or all payroll taxes to include SS and Medicare taxes.
My Ebay Store
Economy is fn booming, I’m at the carwash, the guys doing the hard labor all have the wireless Apple ear pods, sh!t I don’t even have a pair..,
Repo Madness: Fed Pumps Overnight Bank Funds to $120 Billion a Day
For some of you guys the economy is like sausage: It's fabulous as long as you ignore what it takes to make it.
Give Me Liberty or Give Me Debt
money does not make the economy...
An economy is a system of labor, exchange and consumption. Money facilitates each of it's processes. Without some form of money there is no economy. Money makes the economy.
Give Me Liberty or Give Me Debt
Labor is money.
And talk of sausage is making me hungry. Maybe some homemade spaghetti sauce with hot sausage. Yup. Dinner.
Knowledge is the enemy of fear
Let me be more specific since you must have been a government employee or an engineer...
Despite religion, politics, war, feast or famine.... WalMart is open today.
check your PMs
major? unsure. issues? absolutely.
Different than any other time?
Knowledge is the enemy of fear
well they've done repos before. however, this is an ongoing basis. so, i'd say different.
I would say its always the same.
Knowledge is the enemy of fear
oh, and don't forget they put keystroked cash on reserve accounts and bought assets with it just to try to remedy the tightness in the secondary repo market. that is different, too.
Everything about the FED is different since they failed us in 2007
Give Me Liberty or Give Me Debt
snafu?
Done that before also> @derryb said:
Lol..the FED attempts to fix our politicians mistakes. And they do a pretty good job considering they garbage they are handed. You should be thankful for the FED.
Knowledge is the enemy of fear
Failed us? Sh!t they gave me the greatest opportunities of a lifetime, loved it and livin it, they also gave everyone else the exact same opportunities...
They parted the clouds to let the sun shine on the doom and gloomers. How dare they.
Knowledge is the enemy of fear
not for the purpose of loosening the repo market. never done that.
Yes, like how the Federal Reserve issued 56,000 metric tons worth of gold-clause notes from 1914-1933 with no gold to back them. And then they insisted that the government bail them out by cancelling all their (gold) obligations, which Roosevelt did.
The government has shirked their single most important duty, and that is to provide a fair and stable medium of exchange for the general economy. But now there is a middle-man taking 3% of a large percentage of all commercial transactions (credit card). And the FED skims their 6% profits off the top of the economy as well. It used to be that a merchant and a customer could get together and have a cost-free transaction using stable money.
From 1865 to 1914 there was a lot of sound economic growth in the United States. The FED was not required for that. Since the inception of the FED, repeated economic crises have been more frequent and severe. The policies have resulted in a concentration of wealth and power at the top, at the expense of everyone else. The standard of living is going up for a few and down for the majority. It used to be that one spouse could stay home and do the domestic duties. But for most families today, both spouses have to work to make ends meet.
North Dakota has the right idea with their state-owned bank which is run for the benefit of all. Don't get me wrong, I'm a devout capitalist. But the one thing that really should be nationalized is banks.
The FED is too busy trying to fix its own mistakes. Boom/bust cycles, what are they good for?
Give Me Liberty or Give Me Debt
So dcarr, you are upset because there are credit cards?
Have you really studied economic history from 1865-1914 and concluded that was a better time for the USA than any other, or from 1914-present?
Recessions were much more frequent, lasted longer and were much deeper. Yet you say that was better?
Knowledge is the enemy of fear
Kinda like highways. We cruise along at 75 mph, then come up along some jack that wasnt paying attention and rear ends a tractor trailer. According to you we should just keep driving along at 75, whereas a more prudent person would make a different decision.
According to you, tapping the brakes is bad when the road is congested, just as pressing the accelerator is bad on the open road.
Im sure glad im not on your bus.
Knowledge is the enemy of fear
constantly stomping on the brakes and then the gas is no way to drive an economy. The lower half of the economic spectrum suffers from the bust while the upper half are rewarded during the boom. You and your pet rock should know that by now.
Give Me Liberty or Give Me Debt
Such a socialist statement.
Knowledge is the enemy of fear
OK Hillary.
Give Me Liberty or Give Me Debt
You are confusing the economic benefits of technological advancements with the actions of the Federal Reserve.
Any increases in standards of living that we have seen are due to technology, not the FED. In fact, standards of living would be much higher without the FED.
Liberty: Parent of Science & Industry