Posted on 12/14/2016 11:32:55 AM PST by RummyChick
I watch S&P futures. It flipped flopped red green etc..right now it is a little off after announcement lows. I went short when it went green and just waiting to exit here soon.
Wonder if they were holding rates low to make Obama look good?
And I think the effect will be the same now. We are a credit based society. The only thing that prevented Great Depression II was QE. And all that did was postpone it. We could finally see the end of the kicking the can down the road. If so, this is extremely relevant:
https://www.youtube.com/watch?v=VJEZh9PKr8s
>>>No coincidence that a Trump will be president in a few weeks. /sarc
Wonder if they were holding rates low to make Obama look good?<<<
They were holding down rates 1) Because they could. 2) Because they doubled the debt and need to keep interests rates low.
If rates rise and the interests doubles, then what? Oh the left will try to paint Trump as being a bad president.
From an article in January of 2015: The interest payments alone are expected to hit $227 billion this year, more than double to $480 billion by 2019 and more than triple to $722 billion by 2024.
I believe this article is doing nothing more than forecasting a return to more historical interest rates along with increases in the debt. The interest will more than double in 4 years. But we can’t cut any programs to the left despite the fact that spending is unsustainable.
Inflation, here we come.
I’m talking to my stock adviser at this time. What are the chances of Yellen/Obama tanking stocks in the next -30 days out of spite?
I’m retired and into safe places for my funds - I see it dropped another 50+ points from a few minutes ago - kind of odd how it crawled back after the announcement and now heads down.
it flips flops a lot like a fish after announcements. One old timer pit guy (when they still had the pits) says don’t believe the first reaction after FOMC announcment.Of course, that was before the deep dark HTF network that front runs orders...and algos that look to move things just to make a penny.
I realize that economics has been turned on it’s ear for quite a number of years, but raising rates always has tamped down inflation, even in the protracted period of “stagflation” in the seventies it eventually worked, rates had to be raised to a bizarre level in the early Reagan years to finally kill it off, though. It caused a short, but very sharp recession before we started to climb out of it and into the boom times everyone associates with the Reagan era. Right now, I don’t believe the US economy is strong enough to absorb rate increases, personally, it’ll end up killing sales of anything bought on credit which is just about everything above and beyond groceries these days. Not inflationary, I think it’s just the opposite. Deflationary, and we’ve been teetering for years. Some risk there.
A number of congress critters must have made lots of money because of their ability for insider trading.
They probably engineered Harper’s loss to Trudeau. Alberta went NDP. The fed is the biggest threat to Trump
Well, his team can’t stop insulting Putin. That may be your answer.
Obama is probably angry he got the pass off he got, and wants to return the favor.
The guy is the most spoiled child I’ve ever seen.
That law should be removed.
I sat there and watched it real time when Clinton pulled that stunt about the epipens. Turns out, someone made a large options order before the announcement.
This raise has been expected since the summer time when they didn’t raise rates then.
Yes. A lot of them were expected but I just considered it talk. They didn’t dare raise them because the economy was too fragile. and it still is. All they could do to stimulate the economy is “threaten” to raise them. i.e. borrow your money now before it’s more expensive.
I don’t expect this to go well. But I’ve been wrong before.
Yes, the Fed is entirely political, with its consistent policy positions of ZIRP over the last 8 years designed to benefit one group: the banking entities that packaged and presented the muslim toady who tried to kill the USA.
One of the first initiatives Drumpf is going to have to undertake is an audit of the Fed. Perhaps Rudy will be in charge of all special prosecution activities, ranging from the Clinton foundation, to the Fed, and other insider special interests that came "just this close" to gaining permanent power.
I strongly agree. I meant DEFLATION. The first thing I thought was that soon I need to buy more junk silver.
I expect the collapse to be in this order: Deflation, followed by inflation, followed by hyperinflation.
Heck, I think the push for a higher minimum wage is to force price inflation.
How? the Fed is a PRIVATE institution owned by member banks
Please try to argue that the Federal Reserve is not a political enterprise.
8 years of Obama, $10 Trillion in debt, and one interest rate increase 30 days before he leaves office.
This one was a near certainty. There was very little doubt left for a December raise.
It’s actually a good thing. Rates have been held low too long. There are negative consequences from that too.
futures really tanking now. sigh..I am already of my short...oh well.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.