Quote:
Originally Posted by tabs
The FED is only reacting to extingencies..
You folks think they are in control of events? Your denial makes you delusional...cray cray...December should have proven to you that reality by their reversal of policy. ....
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Everything was going along very well with the early stages of the Fed reducing their balance sheet imo....while continuing to get the still ultra low rates back to normal. It's a HUGE task...they were able to jack them up much rapidly just a few years earlier...after 9/11....but in unknown territory....they couldn't raise rates from 0, when stimuli like the QE that ended in '13 (I think) was buying (borrowing) ...then '14 produced a couple of high gdp qtrs....deflation was over....time to dig out. So they began....
Early Dec, "I'm a tariff man" tweeted/spoke, and the markets immediately dropped like a rock...past long overdue correction territory...
Then the Fed turned from what I considered a very fiscally conservative, but somewhat aggressive "payback"..... it WAS working except for those hitched to historically low variable interest rates. The conservative in me says....(within reason)...I don't care...live within your means and don't depend on cheap credit...it's the opium of our society....worse than ever.
fint's a credit junkie
When I read that the Fed was NEVER gonna reduce their 4T bs ANYMORE, at all....ever. Well....they caved to a correction in the still juiced equity markets...I'm a tariff man spoke and here we are
Just scratching my head....fint, will you loan me a few T....I'll pay ya back....I promise...my credit's good