I'm happy for your gain. And, when the whole thing comes plummeting down again, I'll say that, "I'm sorry for your loss". The only remaining question is NOT what the Federal Reserve combine's "central bank" is going to do, but rather, how much longer can this FRAUD BALLOON can stay aloft...? Just yesterday, Powell said they're going to keep on 'printing' money and buying 'bonds', with no end in sight. When the Fraud Balloon gets to a certain altitude, surely it will 'run out of daylight'. . "Getting up here was the easy part...."
@Oh Yeah Sorry You are beyond me and my aptitude for it all Market crash? per thread title. I suffered portfolio stagnation & loses during Clinton - Bush, Jr. - Obama but under Trump it grew! Even silver & gold. I'm just waiting for the Biden crash Thank you Globalist
It's hard to predict market behavior when we've had an all-powerful Central Bank (the Fed) making all the IMPORTANT decisions since 2008. You never really know what that klatch of internationalist, power-drunk bunch of dirty bastards are going to pull....
some investors do well in times of debt slavery, others do well in times of debt freedom the chosen ones do well in both
What is debt slavery? Living above one's means? Buying item's that one doesn't need? Keeping up with the Joneses ? Living on credit? High interest credit cards? Most of us have been there at one time or another. It didn't need to happen if our education would have taught us life's lessons when we were growing up. They tell us compound interest on savings will make us money but don't tell us that it also will put us in the poor house when used on debt. The government is no better. If they can't tax you or need more money they change the rules and start charging us fees which are not tax deductable.
Right now, CASH IS KING, and an 800+ FICA score is "to die for" -- but for some weird reason, everybody can borrow bushel-baskets of money and pay NOTHING in interest. Does that make sense to anyone?! What in hell is the Federal Reserve central bank doing?!
The Fed is giving the signal that "all is well and the check is in the mail" and more coming. The stock market looks at it as more stimulus and more money on the sidelines for future trading. I sold halve of my Bit Coin position today for the third time this year and reinvesting the profits in real companies, gold and silver and a little cash reserve so that when Felon Yellen has too start yelling STOP the presses I still have something to fall back on. When inflation gets out of hand that's when I want to start selling assets and raising cash for the panic. We aren't far from that point. Lots of tell tail signs showing up. Higher gas, grocery, housing , medical etc. Sort of a creeping inflation but accelerating. Watching the 10 year bond.
I think you're right! Thank you. Hereafter, I will follow your observations closely.... It's clear to me now that I sure as hell can't make any sense out of the economy today, except that it seems like EVERYTHING is just so totally WRONG....
Your right. I get real concerned when everybody is leaning one way. That's how bubbles began and we know what happens when they pop. P.S. Thanks for the follow.
And thank you for your analyses, which casts light where there is very damned little these days! There are a few folks here in the Forum, guys like you and @Zorro , who seem to really understand all this flimy-flammy Federal Reserve bullshit. I do NOT, so, I really value the ability to see this 'world' through your eyes. Thank you.
You have been a steady voice on the folly of the Fed so I think you have been doing just fine. I want to see how Yellen is going to go over seas and convince other countries to raise their pay scales for their workers so our companies wont move there and employ their workers at a cheaper wage. Just another step in laying the groundwork for "one world government". I guess Trumpka and the Unions have infiltrated the Federal Reserve now. It may be too late as many foreign exchange students are not finding America as attractive as they once did and our going back to their own countries and starting business. A major brain drain of epic proportions on the horizon.
I'll bump my own post until I get yelled at, too. How much longer until the 'bubble' pops? Looks like we have "Stagflation" again, like the 1970's. Right now the headline is out that even the market-coddling Fed has measured the worst inflation in 30 years. Link: https://www.rt.com/business/529090-us-inflation-consumer-prices-rising/ And yet they go on and on, much as they have since 2007 -- printing IMAGINARY money and shoveling it out their 'discount window' at near ZERO percent interest rates. How much longer before this whole towering house of cards comes apart?
Rebalanced my 401K to reflect closing in on retirement and have actually gained Friday Aug 27 2021 close.
I worked my way through college and tried to start a permanent career during the 1970's, while inflation and "Stagflation" were kicking everybody's guts out. I remember it very well, indeed.... Truth? I see it coming again -- and, really, it's already begun. But THIS time it will be far worse than before. THIS time we won't have a Federal Reserve Chairman like Paul Volcker and a president like Ronald Reagan to put an end to the INSANITY....
~ Yes indeed . This time the entire western hemisphere will be in the same situation. But we must all go down wearing our " masks of compliance . "
Depends upon who is WILLING to LEARN from the MISTAKES of the past, Cy. When the economy crashed in 2020 the Dems refused to REPEAT the mistake of 2008 which was too little stimulus for the economy to recover quickly. They were hammered at the next midterm election for that mistake. So instead they went big and the economy has rebounded in record time. Take a look at the mistakes of Hurricane Kristina under the Bush/Cheney regime when they IGNORED all of the warnings and did NOTHING for 3 days AFTERWARDS. Compare that to the Biden administration preemptively activating FEMA for Hurricane Ida. So if there is rampant inflation I fully expect the Dems to take the RIGHT course of action and the Republicans to behave like children and OBSTRUCT that action for partisan political gain.
This time I won't argue "Great Recession" history with you, Te, although it's tempting. Instead, I'll only point out that the "rescue" measures should have stopped when all the expert economists declared that "Messiah" Obama had officially ENDED the recession in June 2009... remember? We aren't going to get ourselves out of the huge chasm we're in by digging the hole even deeper! Today, we've got grotesquely overvalued stock markets, runaway inflation, and everybody in government -- both Democrats AND Republicans -- ignoring this impending economic catastrophe and letting a basically UNCONSTITUTIONAL central bank run us straight to the edge of a cliff!
Worth noting that it was the ABSENCE of a Central Bank in the EU nations that caused them so much trouble in the Great Recession. When it comes to the Wall Street Casino it does exactly what you are accusing the Federal Reserve of doing...in essence it is "printing" ever higher stock valuations because the Republicans GUTTED the REGULATIONS that keep the Wall Street Casino Banksters from strip mining the wealth of the middle class. So if anyone is running us off the edge of the cliff it is a COMBINATION of the Republicans and the Wall Street Casino Banksters. But those are YOUR "sacred cows" so you dare NOT criticize them.
First, let's correct your rather glaring error about the European Central Bank and "EU nations".... The European Central Bank was founded on June 1st, 1998, and it had already begun to exercise its full powers on 1 January 1991, after the introduction of the euro as the official currency for the euro area. The "Great Recession", howeve, began at various points in the world in 2007... are we clear on that much? Next, what have I ever said that would make you think for even an instant that RINO-Republicans, "Wall Street Casino Banksters", or the rotten, stinking, conniving Federal Reserve central bank combine that supports both of them AND the radical, America-hating Democrat Party are among any "sacred cows" that I care about?! . I still can't believe that as well as we have gotten to know each other over the years that you could write such a thing! Oh... make no mistake... I'd LOVE to tell you about what I'd LIKE to do about all of them -- particularly the "Fed", but, I'd just get myself "Banned" (some more) and thrown out of here for two weeks if I did.... . "Hey, when it comes to your "Fed", pollycy makes me look angelic...."
The POWERS of the EU Central Bank are NOT the same as those of the Federal Reserve, Cy! https://en.wikipedia.org/wiki/Europ..._response_to_the_financial_crises_(2008-2014) Does that clear up your confusion regarding the EFFECTIVE ROLE of the EH Central Bank versus the CAPABILITIES of the Federal Reserve to stabilize the nation's economy?
Oh.... You meant "effective role" of a central bank instead of the "absence" of a central bank (for European countries), as you wrote in your Post #522 in this thread...(?) Well, that does change things considerably, especially given the fact that the European Central Bank -- in ways not dissimilar from those of the "Fed" -- makes sh!t up as it goes along and then does pretty much whatever it pleases, according to the whims of the insiders who run central banks everywhere... except Russia and China. If I know anything about you at all, I know that you are not (NOT) stupid! You are among those few in what I think of as the 'opposing faction' who are fully capable of understanding the underlying interactions of the economic to-and-fro that either enables or retards financial dynamics in all countries, capitalist or socialist. You inform yourself well, Te, but I'm not sure that you glean the full, amplified meaning of what you see. You can recall what happened in Greece, as well as Portugal, Spain, Italy, France, and other European countries that were (and remain) full of the wreckage caused by Socialism, but you don't acknowledge the fact that as an ENABLER, a central bank only makes things vastly worse rather than better, while it usurps the very power of individual countries to provide for their own economic health and success. I won't go into a long harangue this morning, but will only remind you of what you, by now, must surely know -- that pivotal to a correct understanding of the danger we in the United States face is in the national debt versus GDP ratio! Now, Te, I beg (BEG) you to take a few minutes and read this article: https://www.investopedia.com/terms/d/debtgdpratio.asp . It is not the 'end-all, be-all', but, since you have focused on the ECB, please take careful note of this excerpt (my emphases added): "Economists who adhere to modern monetary theory (MMT) argue that sovereign nations capable of printing their own money cannot ever go bankrupt, because they can simply produce more fiat currency to service debts. However, this rule does not apply to countries that do not control their own monetary policies, such as European Union (EU) nations, who must rely on the European Central Bank (ECB) to issue euros. A study by the World Bank found that countries whose debt-to-GDP ratios exceeds 77% for prolonged periods, experience significant slowdowns in economic growth. Pointedly: every percentage point of debt above this level costs countries 1.7% in economic growth. This phenomenon is even more pronounced in emerging markets, where each additional percentage point of debt over 64%, annually slows growth by 2%. According to the U.S. Bureau of Public Debt, in 2015 and 2017, the United States had debt-to-GDP ratios of 104.17% and 105.4%, respectively. To put these figures into perspective, the U.S.’s highest debt-to-GDP ratio was 106% at the end of World War II, in 1946." The most current figures show that our adversary, China, is running a debt-to-GDP ratio of 56%... and, Russia has a debt-to-GDP ratio of 14%. Today, the United States has a debt-to-GDP ratio of 108%, and it's climbing rapidly -- far in excess of that "77% tipping-point" that alarms most economists who refuse to subscribe to the "MMT" idiocy. Now do you understand my horror about conniving central banks and the corrupt, servile "governments" they seduce, subvert, and eventually totally control...? "Well, Topper, I can show you the water... but whether you drink it or not is up to you...."