User Tag List

+ Reply to Thread
Page 3 of 3 FirstFirst 123
Results 21 to 24 of 24

Thread: Trump calls Fed Crazy after Mkt Sell-Off Global Mkts. tumble after more Trump bashing

  1. #21
    Points: 159,516, Level: 95
    Level completed: 44%, Points required for next Level: 2,134
    Overall activity: 99.7%
    Achievements:
    50000 Experience PointsVeteranOverdrive
    Tahuyaman's Avatar Senior Member
    Karma
    256550
    Join Date
    Dec 2014
    Location
    Bremerton Washington or Sayulita Mexico depending on the time of year.
    Posts
    70,530
    Points
    159,516
    Level
    95
    Thanks Given
    8,076
    Thanked 25,514x in 19,171 Posts
    Mentioned
    380 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by ripmeister View Post
    The FED is not a political establishment. Just like the Justice Dept. the FED is not an employee of The Salesman although I think he thinks it is.

    The fed is indeed part of the establishment. It is just independent from the White House.

  2. #22
    Points: 14,651, Level: 29
    Level completed: 21%, Points required for next Level: 799
    Overall activity: 29.0%
    Achievements:
    Social25000 Experience Points1 year registered
    ripmeister's Avatar Senior Member
    Karma
    27308
    Join Date
    Aug 2016
    Location
    Columbus, Ohio
    Posts
    5,219
    Points
    14,651
    Level
    29
    Thanks Given
    404
    Thanked 1,314x in 1,043 Posts
    Mentioned
    43 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Tahuyaman View Post
    The fed is indeed part of the establishment. It is just independent from the White House.
    The FED is apolitical.
    One can be sure that he who says he knows knows nothing

  3. #23
    Points: 159,516, Level: 95
    Level completed: 44%, Points required for next Level: 2,134
    Overall activity: 99.7%
    Achievements:
    50000 Experience PointsVeteranOverdrive
    Tahuyaman's Avatar Senior Member
    Karma
    256550
    Join Date
    Dec 2014
    Location
    Bremerton Washington or Sayulita Mexico depending on the time of year.
    Posts
    70,530
    Points
    159,516
    Level
    95
    Thanks Given
    8,076
    Thanked 25,514x in 19,171 Posts
    Mentioned
    380 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by ripmeister View Post
    The FED is apolitical.
    Ok..... Whatever.

  4. The Following User Says Thank You to Tahuyaman For This Useful Post:

    Don29palms (10-12-2018)

  5. #24
    Original Ranter
    Points: 467,164, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    413872
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    142,896
    Points
    467,164
    Level
    100
    Thanks Given
    82,210
    Thanked 64,845x in 44,302 Posts
    Mentioned
    2159 Post(s)
    Tagged
    0 Thread(s)
    Jamie Dimon sounds warning about 'geopolitical issues bursting all over the place'

    Jamie Dimon seems to agree with Trump that it is too soon to increase interest rates.


    Jamie Dimon raised concerns Friday that rising interest rates and geopolitical flareups could derail U.S. economic growth.


    "The economy is still very strong, and that's across wages, job creation, capital expenditure, consumer credit; it's pretty broad-based and it's not going to be diminished immediately," Dimon said in a media conference call following his bank's earnings report. "I was pointing out the probabilities that I thought were higher that rates would go up. I still believe that. I do think you're going to see higher rates."



    While rising rates amid a strong economy are good, they could eventually put a halt to the nearly decade-long economic growth cycle, he said. Dimon said later in a conference call with analysts that benchmark rates could reach 4 percent. The 10-year Treasury yield was last at 3.16 percent, up significantly in the last month, a move that sparked the longest decline in the S&P 500 in almost two years.


    "If rates go up because you have inflation, that is not a plus. That is a bad thing," Dimon said. "So far, we still have a strong economy in spite of these increasing overseas geopolitical issues bursting all over the place."


    When asked to name these issues, Dimon rattled off a list that included the Trump administration's trade dispute with China, Brexit, the unwinding of bond-purchasing programs by central banks around the world, as well as flareups across Europe, the Middle East and Latin America including in Italy and Turkey.


    "It's an extensive list of stuff," Dimon said, adding that most of the times, it's rising rates and not geopolitical issues that ends up derailing economic cycles. "I'm just pointing that out. No one should be surprised if it happens down the road."
    Alea iacta est

    Check out the blog.


+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts


Critical Acclaim
Single Sign On provided by vBSSO