Stock Thread (24 Viewers)

[General Malaise]

No policy change.

 

[humpback]

Such a joke.

 

[fantasycurse42]

So basically our economy is all smoke and mirrors?

 

[NREC34]

I'm really surprised. Thought they'd raise it for sure this time.

 

[fantasycurse42]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

 

[General Malaise]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

 

[humpback]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

 

[General Malaise]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

 

[fantasycurse42]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise interest rates Our economy isn't perfect, but it is time that we try to return to normal policy.

The global economy needs to learn to stand on its own two feet without the governments propping it up. If the market goes down after running up for 6 straight years, so be it.

 

[General Malaise]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise interest rates Our economy isn't perfect, but it is time that we try to return to normal policy.

The global economy needs to learn to stand on its own two feet without the governments propping it up. If the market goes down after running up for 6 straight years, so be it.

And you think a quarter point raise is the elixir?

 

[fantasycurse42]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Should they be zero forever? I mean it has been a decade, should it be another decade?

 

[humpback]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Because there's no need for extraordinary monetary policy under non-extraordinary times.

 

[General Malaise]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Should they be zero forever? I mean it has been a decade, should it be another decade?

I'd be okay with it. I like low interest rates.

 

[General Malaise]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Because there's no need for extraordinary monetary policy under non-extraordinary times.

Seems like the Fed disagrees with you....except the guy from Richmond. He wants to push them higher.

 

[fantasycurse42]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Should they be zero forever? I mean it has been a decade, should it be another decade?

I'd be okay with it. I like low interest rates.

Would you like them when you retire?

 

[General Malaise]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Should they be zero forever? I mean it has been a decade, should it be another decade?

I'd be okay with it. I like low interest rates.

Would you like them when you retire?

I wasn't planning on bank CDs for income, honestly. Much prefer finding yields via dividends and having a low rate on things like mortgages, cars, etc. Are people not retiring now?

 

[humpback]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Because there's no need for extraordinary monetary policy under non-extraordinary times.

Seems like the Fed disagrees with you....except the guy from Richmond. He wants to push them higher.

Well, duh. Good thing the Fed is always right!

 

[General Malaise]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Because there's no need for extraordinary monetary policy under non-extraordinary times.

Seems like the Fed disagrees with you....except the guy from Richmond. He wants to push them higher.

Well, duh. Good thing the Fed is always right!

I'm confused....do you want to put the brakes on the housing recovery and see stocks decline?

 

[fantasycurse42]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Should they be zero forever? I mean it has been a decade, should it be another decade?

I'd be okay with it. I like low interest rates.

Would you like them when you retire?

I wasn't planning on bank CDs for income, honestly. Much prefer finding yields via dividends and having a low rate on things like mortgages, cars, etc. Are people not retiring now?

So you'd like to rely on riskier equities after you stop working? You intend on having a mortgage at 70? Maybe you can take a HELOC on your primary home for a secondary home in retirement?

I will be relying on fixed income from my assets when I retire

 

[fantasycurse42]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Because there's no need for extraordinary monetary policy under non-extraordinary times.

Seems like the Fed disagrees with you....except the guy from Richmond. He wants to push them higher.

Well, duh. Good thing the Fed is always right!

I'm confused....do you want to put the brakes on the housing recovery and see stocks decline?

No, I'm happy with them pushing housing and stocks into stratospheric levels with no justification beyond loose government financial policies.

This is an ugly cycle, government monetary policies are worse than the strongest drugs. There basically is no way out.

 

[fantasycurse42]

Is anyone else listening to this woman? Pretty funny.

FFR won't be over 2%, ever.

 

[Slapdash]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise interest rates Our economy isn't perfect, but it is time that we try to return to normal policy.

The global economy needs to learn to stand on its own two feet without the governments propping it up. If the market goes down after running up for 6 straight years, so be it.

So the answer to a historically low period of inflation would be to add some additional deflationary pressure?

 

[fantasycurse42]

"Still looking for further improvement in the labor market"

Their original target was originally 6.5%

 

[humpback]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Because there's no need for extraordinary monetary policy under non-extraordinary times.

Seems like the Fed disagrees with you....except the guy from Richmond. He wants to push them higher.

Well, duh. Good thing the Fed is always right!

I'm confused....do you want to put the brakes on the housing recovery and see stocks decline?

It's obvious you're confused. If a .25% rate hike after ~9 years of zirp puts the breaks on the housing recovery and causes stocks to decline, then things aren't going nearly as well as what you spout off on here, are they? I don't think either would happen, but if they did, couldn't they just reverse course and cut them again?

 

[Slapdash]

"Still looking for further improvement in the labor market"

Their original target was originally 6.5%

I don't see 6.5% here:

"The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices and moderate long-term interest rates."

 

[General Malaise]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Should they be zero forever? I mean it has been a decade, should it be another decade?

I'd be okay with it. I like low interest rates.

Would you like them when you retire?

I wasn't planning on bank CDs for income, honestly. Much prefer finding yields via dividends and having a low rate on things like mortgages, cars, etc. Are people not retiring now?

So you'd like to rely on riskier equities after you stop working? You intend on having a mortgage at 70? Maybe you can take a HELOC on your primary home for a secondary home in retirement?

I will be relying on fixed income from my assets when I retire

Yes, I'm completely comfortable investing my money in equities when I stop working. It's what I do for a living. There are plenty of sound companies that provide good dividends that will be around through thick and thin. I can supplement that with bonds, corporate debt, real estate and a plethora of investments that don't require fixed bank yields. I just bought a new house this year at 42 years old. Have a 30 year mortgage at gloriously low rate and I'm fine carrying it until I'm 70.

I feel like you are desperately trying to find reasons why our economy should crumble and fault with our financial leaders. When it doesn't topple, you voice frustration here and complain about the Fed. They really are in a no-win situation right now and I for one don't envy them. Personally speaking, I want stocks to head higher after a disastrous summer that punished my portfolio, chased away partners in my funds and put us in a deep hole to dig out of if we want a performance fee this year. So I'm biased - I don't want a massive market correction due to a rate hike. I don't want my house to decline in value. I don't want another 2008-2009 environment that was miserable for all except the short sellers (of which I was proudly one from 2000-2008). I know a correction is long overdue, but I would prefer it if it happened never. Since that's not possible, I'd like to put it off. And so should you unless you are a short seller, need bank yields for income or want housing prices to crater so you can buy.

 

[General Malaise]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Because there's no need for extraordinary monetary policy under non-extraordinary times.

Seems like the Fed disagrees with you....except the guy from Richmond. He wants to push them higher.

Well, duh. Good thing the Fed is always right!

I'm confused....do you want to put the brakes on the housing recovery and see stocks decline?

It's obvious you're confused. If a .25% rate hike after ~9 years of zirp puts the breaks on the housing recovery and causes stocks to decline, then things aren't going nearly as well as what you spout off on here, are they? I don't think either would happen, but if they did, couldn't they just reverse course and cut them again?

I don't think you need to get snarky in here. I thought this thread was more civilized than others?

 

[fantasycurse42]

Still in an emergency monetary policy, 9 years later. That $10 Trillion and 0% interest have been doing wonders. We can't raise .25%... 1/4 of 1%. Pretty amazing.

Maybe someone will ask Yellen some real questions, I doubt it. Lets hear her give the market a fluffer, should be fun.

What do you want them to do?

Raise rates 1/4%?

Okay. Why do you want that?

Should they be zero forever? I mean it has been a decade, should it be another decade?

I'd be okay with it. I like low interest rates.

Would you like them when you retire?

I wasn't planning on bank CDs for income, honestly. Much prefer finding yields via dividends and having a low rate on things like mortgages, cars, etc. Are people not retiring now?

So you'd like to rely on riskier equities after you stop working? You intend on having a mortgage at 70? Maybe you can take a HELOC on your primary home for a secondary home in retirement?

I will be relying on fixed income from my assets when I retire

Yes, I'm completely comfortable investing my money in equities when I stop working. It's what I do for a living. There are plenty of sound companies that provide good dividends that will be around through thick and thin. I can supplement that with bonds, corporate debt, real estate and a plethora of investments that don't require fixed bank yields. I just bought a new house this year at 42 years old. Have a 30 year mortgage at gloriously low rate and I'm fine carrying it until I'm 70.

I feel like you are desperately trying to find reasons why our economy should crumble and fault with our financial leaders. When it doesn't topple, you voice frustration here and complain about the Fed. They really are in a no-win situation right now and I for one don't envy them. Personally speaking, I want stocks to head higher after a disastrous summer that punished my portfolio, chased away partners in my funds and put us in a deep hole to dig out of if we want a performance fee this year. So I'm biased - I don't want a massive market correction due to a rate hike. I don't want my house to decline in value. I don't want another 2008-2009 environment that was miserable for all except the short sellers (of which I was proudly one from 2000-2008). I know a correction is long overdue, but I would prefer it if it happened never. Since that's not possible, I'd like to put it off. And so should you unless you are a short seller, need bank yields for income or want housing prices to crater so you can buy.

From my point of view, everything you are saying here is basically:

"Normal monetary policy would bring things to where they should be"... I see no issue with this, we need normal policy.

Yes, I understand your bias. From my perspective, I am entering a period of my earning prime for the next 20 years, I'd like to avoid the government blowing a gigantic bubble so that my net worth halves itself in a 3-6 month period at some point in the next decade and we rinse and repeat this cycle we are in.

 

[TripItUp]

This bubble is going to burst...people can't afford housing in major markets and stocks are incredibly inflated.

Save your money now, because it will be at a premium during the next recession.

 

[St. Louis Bob]

Just checking in to remind everyone to be excellent to one another.

 

[General Malaise]

This bubble is going to burst...people can't afford housing in major markets and stocks are incredibly inflated.

Save your money now, because it will be at a premium during the next recession.

What bubble do you refer to?

If people can't afford housing, who is buying the houses?

I have plenty of stocks in my portfolio that are not incredibly inflated.

Instead of saving money, why not just short everything?

 

[fantasycurse42]

Just checking in to remind everyone to be excellent to one another.

Hey, #### You, Bob!

 

[General Malaise]

Just checking in to remind everyone to be excellent to one another.

Why don't you check back out, Climby.

 

[fantasycurse42]

This bubble is going to burst...people can't afford housing in major markets and stocks are incredibly inflated.

Save your money now, because it will be at a premium during the next recession.

What bubble do you refer to?

If people can't afford housing, who is buying the houses?

I have plenty of stocks in my portfolio that are not incredibly inflated.

Instead of saving money, why not just short everything?

I don't think we are in a bubble, although things are inflated though IMO - Your comments of a small rate hike leading to a correction and a decline in housing prices would make it appear deep down maybe you can see that too... I also think a lot of markets are seeing booming housing. Some of this boom is bc of easy money though, no?

My feelings are, the policies will create a bubble if we don't get to normal.

Yellen just stated; "the housing market remains extremely depressed"

 

[humpback]

I don't think you need to get snarky in here. I thought this thread was more civilized than others?

I'm just tired of the "the economy is doing so great- THANKS OBAMA- but we can't move off of historically low interest rates" schtick.

 

[General Malaise]

I don't think you need to get snarky in here. I thought this thread was more civilized than others?

I'm just tired of the "the economy is doing so great- THANKS OBAMA- but we can't move off of historically low interest rates" schtick.

The FED will raise rates when the time is right. It's not right right now. The economy has improved from where it was in 2008 on several fronts, but there's still some rickety areas that cause the FED concern. Typically, I think you want to see higher GDP growth that what we have now to raise rates.

I also think a lot of the THANKS OBAMA schtick is just that - schtick. He's one of the most polarizing presidents we've ever had and the fact that he has presided over the economic turnaround infuriates many on the right. Those on the left enjoy needling those on the right every bit as much as the right loved to needle the left when Bush was in office. IMO, presidents get too much credit as well as too much blame for the state of the economy. Stock markets have a mind of their own.

 

[lod01]

This bubble is going to burst...people can't afford housing in major markets and stocks are incredibly inflated.

Save your money now, because it will be at a premium during the next recession.

Thanks, Marc Faber. Any insight into the next recession? I mean I can stuff my cash under a mattress and wait for it while the market makes new highs, then buy back in when the recession hits.....20% higher than the market is right now.

 

[lod01]

Next on the economic calendar: Fear of Gov't shutdown.

 

[General Malaise]

This bubble is going to burst...people can't afford housing in major markets and stocks are incredibly inflated.

Save your money now, because it will be at a premium during the next recession.

What bubble do you refer to?

If people can't afford housing, who is buying the houses?

I have plenty of stocks in my portfolio that are not incredibly inflated.

Instead of saving money, why not just short everything?

I don't think we are in a bubble, although things are inflated though IMO - Your comments of a small rate hike leading to a correction and a decline in housing prices would make it appear deep down maybe you can see that too... I also think a lot of markets are seeing booming housing. Some of this boom is bc of easy money though, no?

My feelings are, the policies will create a bubble if we don't get to normal.

Yellen just stated; "the housing market remains extremely depressed"

I talked to my buddy today who lives in San Francisco. His landlord is raising his rent 25%. The minimum needed to buy there would be $1MM and that would get him a 1,000 SqF box. He's going to have to move. So I do think there's areas in the country where housing is out of hand. That's one of them. I don't know if a rate hike would help matters...there's just so much money in the Bay Area chasing after so little available inventory. I think that can be said in other desirable spots - inventory is slim while demand is up. What's absent this time around is the glut of home building, which was a huge problem in the 2007 crash.

Easy money? Maybe cheap money, sure, but they aren't handing out mortgages today like they were in 2005. You need to qualify for a jumbo loan and it's not easy.

Housing market is depressed in many parts of the country. I have a friend here who still owns a home in Central PA. He can't unload it. Renting it out to cover his nut, but his market has not seen any improvement. Not everybody lives in a nirvana like Portland, OR or NYC or SFO.

 

[General Malaise]

This bubble is going to burst...people can't afford housing in major markets and stocks are incredibly inflated.

Save your money now, because it will be at a premium during the next recession.

Thanks, Marc Faber. Any insight into the next recession? I mean I can stuff my cash under a mattress and wait for it while the market makes new highs, then buy back in when the recession hits.....20% higher than the market is right now.

My boss submitted his 13th article to Faber this week. Edited by yours truly.

Will send it along to anyone who wants it after its published. PM me if you like. Centers around fantasy and eSports as well as an update on BitGold.

 

[fantasycurse42]

This bubble is going to burst...people can't afford housing in major markets and stocks are incredibly inflated.

Save your money now, because it will be at a premium during the next recession.

Thanks, Marc Faber. Any insight into the next recession? I mean I can stuff my cash under a mattress and wait for it while the market makes new highs, then buy back in when the recession hits.....20% higher than the market is right now.

My boss submitted his 13th article to Faber this week. Edited by yours truly.

Will send it along to anyone who wants it after its published. PM me if you like. Centers around fantasy and eSports as well as an update on BitGold.

This word always makes me smile

 

[humpback]

I don't think you need to get snarky in here. I thought this thread was more civilized than others?

I'm just tired of the "the economy is doing so great- THANKS OBAMA- but we can't move off of historically low interest rates" schtick.

The FED will raise rates when the time is right. It's not right right now. The economy has improved from where it was in 2008 on several fronts, but there's still some rickety areas that cause the FED concern. Typically, I think you want to see higher GDP growth that what we have now to raise rates.

I also think a lot of the THANKS OBAMA schtick is just that - schtick. He's one of the most polarizing presidents we've ever had and the fact that he has presided over the economic turnaround infuriates many on the right. Those on the left enjoy needling those on the right every bit as much as the right loved to needle the left when Bush was in office. IMO, presidents get too much credit as well as too much blame for the state of the economy. Stock markets have a mind of their own.

The FED doesn't have the best track record when it comes to predicting these things. If now isn't the time, when is it? What level of GDP growth is needed to justify a tiny raise off of all time lows? The raw numbers aren't great, but they seem to indicate that we can handle having the 2nd lowest interest rates of all time without sending things into a tailspin. IMO they've deviated pretty far away from their responsibilities and now put way too much stock into other outside influences.

I agree that presidents get way too much credit and blame when they have very little influence over these things, although I don't think it's mostly schtick for a lot of people. I think many actually believe that things are far better/worse than they are depending on which side they are on.

 

[General Malaise]

This bubble is going to burst...people can't afford housing in major markets and stocks are incredibly inflated.

Save your money now, because it will be at a premium during the next recession.

Thanks, Marc Faber. Any insight into the next recession? I mean I can stuff my cash under a mattress and wait for it while the market makes new highs, then buy back in when the recession hits.....20% higher than the market is right now.

My boss submitted his 13th article to Faber this week. Edited by yours truly.

Will send it along to anyone who wants it after its published. PM me if you like. Centers around fantasy and eSports as well as an update on BitGold.

This word always makes me smile

Me too, but I'm guessing for other reasons. Right SLB!!!!!!!???!!!!

 

[Slapdash]

I don't think you need to get snarky in here. I thought this thread was more civilized than others?

I'm just tired of the "the economy is doing so great- THANKS OBAMA- but we can't move off of historically low interest rates" schtick.

The FED will raise rates when the time is right. It's not right right now. The economy has improved from where it was in 2008 on several fronts, but there's still some rickety areas that cause the FED concern. Typically, I think you want to see higher GDP growth that what we have now to raise rates. I also think a lot of the THANKS OBAMA schtick is just that - schtick. He's one of the most polarizing presidents we've ever had and the fact that he has presided over the economic turnaround infuriates many on the right. Those on the left enjoy needling those on the right every bit as much as the right loved to needle the left when Bush was in office. IMO, presidents get too much credit as well as too much blame for the state of the economy. Stock markets have a mind of their own.

The FED doesn't have the best track record when it comes to predicting these things. If now isn't the time, when is it? What level of GDP growth is needed to justify a tiny raise off of all time lows? The raw numbers aren't great, but they seem to indicate that we can handle having the 2nd lowest interest rates of all time without sending things into a tailspin. IMO they've deviated pretty far away from their responsibilities and now put way too much stock into other outside influences.I agree that presidents get way too much credit and blame when they have very little influence over these things, although I don't think it's mostly schtick for a lot of people. I think many actually believe that things are far better/worse than they are depending on which side they are on.

They have deviated far from their responsibility for inflation, but raising rates will just take them further away.

 

[humpback]

I don't think you need to get snarky in here. I thought this thread was more civilized than others?

I'm just tired of the "the economy is doing so great- THANKS OBAMA- but we can't move off of historically low interest rates" schtick.

The FED will raise rates when the time is right. It's not right right now. The economy has improved from where it was in 2008 on several fronts, but there's still some rickety areas that cause the FED concern. Typically, I think you want to see higher GDP growth that what we have now to raise rates. I also think a lot of the THANKS OBAMA schtick is just that - schtick. He's one of the most polarizing presidents we've ever had and the fact that he has presided over the economic turnaround infuriates many on the right. Those on the left enjoy needling those on the right every bit as much as the right loved to needle the left when Bush was in office. IMO, presidents get too much credit as well as too much blame for the state of the economy. Stock markets have a mind of their own.

The FED doesn't have the best track record when it comes to predicting these things. If now isn't the time, when is it? What level of GDP growth is needed to justify a tiny raise off of all time lows? The raw numbers aren't great, but they seem to indicate that we can handle having the 2nd lowest interest rates of all time without sending things into a tailspin. IMO they've deviated pretty far away from their responsibilities and now put way too much stock into other outside influences.I agree that presidents get way too much credit and blame when they have very little influence over these things, although I don't think it's mostly schtick for a lot of people. I think many actually believe that things are far better/worse than they are depending on which side they are on.

They have deviated far from their responsibility for inflation, but raising rates will just take them further away.

When should they raise, specifically?

 

[James Daulton]

Does anyone else think the stock market has become almost disconnected with the "real" economy in our country? While the stock market is at all time highs, I'm pretty sure that everyone can agree that the average Joe isn't any better now than they were 15 years ago. The market effects driving the stock market are not a high tide that's raising all boats (other than improved 401ks - if someone has one).

How can the economy being anywhere close to healed if real wages haven't risen in years and households are getting by largely by relying on two incomes? I get that Americans are still buying stuff like phones and tv's, but what's being sacrificed for these purchases? Retirement savings? I have access to my companies bi-weekly employee retirement withholdings and it's scary how so many people either defer nothing or just a small percentage (1 - 4%). Most don't even save enough to qualify for the full match.

The economy just feels like a house of cards to me. Of course it's felt that way for the last few years and the house still stand.

 

[Slapdash]

I don't think you need to get snarky in here. I thought this thread was more civilized than others?

I'm just tired of the "the economy is doing so great- THANKS OBAMA- but we can't move off of historically low interest rates" schtick.

The FED will raise rates when the time is right. It's not right right now. The economy has improved from where it was in 2008 on several fronts, but there's still some rickety areas that cause the FED concern. Typically, I think you want to see higher GDP growth that what we have now to raise rates. I also think a lot of the THANKS OBAMA schtick is just that - schtick. He's one of the most polarizing presidents we've ever had and the fact that he has presided over the economic turnaround infuriates many on the right. Those on the left enjoy needling those on the right every bit as much as the right loved to needle the left when Bush was in office. IMO, presidents get too much credit as well as too much blame for the state of the economy. Stock markets have a mind of their own.

The FED doesn't have the best track record when it comes to predicting these things. If now isn't the time, when is it? What level of GDP growth is needed to justify a tiny raise off of all time lows? The raw numbers aren't great, but they seem to indicate that we can handle having the 2nd lowest interest rates of all time without sending things into a tailspin. IMO they've deviated pretty far away from their responsibilities and now put way too much stock into other outside influences.I agree that presidents get way too much credit and blame when they have very little influence over these things, although I don't think it's mostly schtick for a lot of people. I think many actually believe that things are far better/worse than they are depending on which side they are on.

They have deviated far from their responsibility for inflation, but raising rates will just take them further away.

When should they raise, specifically?

When NGDP is on track to resume its pre-crisis trend seems like a good point. Certainly not when inflation is decelerating.

 

[humpback]

I don't think you need to get snarky in here. I thought this thread was more civilized than others?

I'm just tired of the "the economy is doing so great- THANKS OBAMA- but we can't move off of historically low interest rates" schtick.

The FED will raise rates when the time is right. It's not right right now. The economy has improved from where it was in 2008 on several fronts, but there's still some rickety areas that cause the FED concern. Typically, I think you want to see higher GDP growth that what we have now to raise rates. I also think a lot of the THANKS OBAMA schtick is just that - schtick. He's one of the most polarizing presidents we've ever had and the fact that he has presided over the economic turnaround infuriates many on the right. Those on the left enjoy needling those on the right every bit as much as the right loved to needle the left when Bush was in office. IMO, presidents get too much credit as well as too much blame for the state of the economy. Stock markets have a mind of their own.

The FED doesn't have the best track record when it comes to predicting these things. If now isn't the time, when is it? What level of GDP growth is needed to justify a tiny raise off of all time lows? The raw numbers aren't great, but they seem to indicate that we can handle having the 2nd lowest interest rates of all time without sending things into a tailspin. IMO they've deviated pretty far away from their responsibilities and now put way too much stock into other outside influences.I agree that presidents get way too much credit and blame when they have very little influence over these things, although I don't think it's mostly schtick for a lot of people. I think many actually believe that things are far better/worse than they are depending on which side they are on.

They have deviated far from their responsibility for inflation, but raising rates will just take them further away.

When should they raise, specifically?

When NGDP is on track to resume its pre-crisis trend seems like a good point. Certainly not when inflation is decelerating.

I'm not seeing any specific numbers in there, but there was a lot wrong with our economy "pre-crisis". I'd argue that shouldn't be the baseline.

 

[Bob Sacamano]

Seems like they're trying to not be isolationist. It's great to say everybody else has to stand on their own 2 feet, but to do it when the whole world is going, "Don't"? If nothing else, maybe we just bought a little goodwill with somebody we might need a little lovin from at some point :looksatAngieMerkel: #shiver

 

[fantasycurse42]

Pretty interesting reaction today... Decent volume too, a lot of futures contracts expiring.

Could the Fed be losing some credibility?