Maserati wrote:
Ghost of Igloi wrote:Upper bound of the sucker range. Muppets "don't want to be left behind."
"Upper bound", lol Igy. The Dow has gone up 100 more points since that post.
It's now above 17.5k
I am about ready to put the 401k back in, but not quite.
It's now at almost 17.6k
Igy your upper bound must have a substantial uncertainty!
Just jerking your chain. I am half of the mind that the Fed and others will do WHATEVER IT TAKES to maintain the markets. I mean, what is the Fed chair doing talking about market performance in her presentation?
There is now not only a dual mandate, but arguably a triple mandate.
In truth it may all reduce to 1 mandate, that was never in fact originally mandated.
It's looking more and more as though you are either in, or you are out, and that if you are in you are golden, and that if you are out, you are fvcked.
They might NEED to have everybody in, so that their numbers going forward look less disastrous. Those who ARE NOT in will be effectively supporting those who ARE in, it is argued that such is already the case.
Igy, you might be viewing the markets from a perspective that has very little meaning in the modern era. It's not even a banking thing, because they make money whether things go up or down--it is a government thing. It is a power play. Governments can only get as much power as they are initially given, or as they are allowed to take. We have allowed, and continue to allow, the government to acquire increasingly greater power, resulting in the markets we see today.
How long will that trend continue? Do they need increasingly greater power to keep things going, or will the current amount suffice? I don't know, nor do I know at what point the relevant powers are taken from them. What I do know is that black markets around the world are absolutely huge, and that they are increasing, despite "efforts" to curb them.
The US represents an interesting balance, everybody just OK enough to feel as though they are in, even if in reality they are not in to any significantly beneficial extent.
Interesting times, from a sociological perspective.