Sorry
Sorry
$#it happens.
Igy, we have imposter... fuq them.
Marty,
Figured as much. Love to flip the play on trolls.
Igy
What does that mean?
Wife is cooking dinner, while I wait, I mess with trolls like you. Dinner is on got to go.
Igy
Have you considered helping her cook dinner?
That's kind of embarrassing
I happened to catch Jamie Dimon on CNBC today. He said the opposite. That they should continue to raise. But more important, that the Fed should continue to just look at their data points and not pay attention to Wall Street.
I think Dimon is right. It never ceases to amaze me how so many on Wall Street think the Fed is there to serve their needs. And if the stock market goes down, its never their problem, its the Fed or government who is at fault
Last time we checked core inflation was at 2% and going up. A problem is that the Fed went out of its way to strip out oil and other volatile commodities from being factored into inflation when oil prices were high. Wall Street applauded that. Now tables are reversed. Oil has plummeted but its not factored into inflation, nor should it.
Rents are projected to go up steeply over the next two years. Again, Wall Street loved it when they used "equivalent rent" for inflation of housing instead of the cost of property because it trended at a lower growth rate, but now rents may start outpacing the price of property and pushing up inflation rate.
My observation is food prices have been edging up. We know health insurance is going up well above the Fed's target inflation.
Bottom line, the Fed continuing to raise rates should be totally expected and for perfectly good, healthy reasons.
Ryan,
I agree with your view that interest rates need to go up. In my view it should have happened three years ago.
Igy
So you don't think the Fed has contributed to the recent market downturn?
Ghost of Igloi wrote:
I agree with your view that interest rates need to go up. In my view it should have happened three years ago.
Yes, however with the current turbulence at the stock market, I expect them to delay the next rate hike by a month or two.
The $1 Million question is just how much the collapsing Chinese economy impacts the US. If all the Chinese are selling their NYC and LA apartments, do we have another real estate bubble bursting?
Turbulence? Relax. Without stimulus like QE, the market has returned to a more normal pattern of rising and falling. People are overreacting because we haven't had this for a few years, but historically this is the way the market typically behaves.
Say,
The Federal Reserve QE did more to drive stock valuations to excessive levels than the 0.25% move has done to bring stock valuations to a normal level.
Igy
Ghost of Igloi wrote:
Marty,
I would prefer policy makers stay out of the way and let market price discovery rule the day.
Igy
Please explain how one accomplishes this without complex rules and strict penalties. And then you need warm bodies to monitor those rules.
Pop,
Its a philosophy of less government. Up to others to do the rest. Less is more.
Igy
You sound like a Wall Street insider. That's exactly what's gotten us into trouble. Bring back a Glass-Steagull.
Bob,
I am in favor of Glass-Stegal, I am not in favor of Federal Reserve easy money policies. I am not in favor of Dodd-Frank.
Igy
Just as I said, the inertia of the everyman. lol 98.5%:
I'm also not a fan of Dodd-Frank. It is too weak and did not go far enough. Let's put some teeth into it.