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 christopera
Stranger
Registered: 10/13/17
Posts: 14,455
Last seen: 5 hours, 4 minutes
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 The Federal Reserve 
#26537461 - 03/15/20 08:51 PM (4 years, 1 month ago) |
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0% interest incoming.
Will qman be correct in his prediction of negative rates?
100% chance of Monday being insane! Buckle up folks!
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Enjoy the process of your search without succumbing to the pressure of the result.
A Dorito is pizza, change my mind.
Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things
I’m sorry it had to be me.
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 evlyshrooms
willi weilii
Registered: 08/08/19
Posts: 2,338
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Oh Lordy my heart isn't ready
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sh4d0ws
LSx
Registered: 02/26/08
Posts: 12,086
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shit bout to hit the muthafuckin fan folks
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sh4d0ws
LSx
Registered: 02/26/08
Posts: 12,086
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Re: The Federal Reserve [Re: sh4d0ws]
#26537700 - 03/16/20 12:19 AM (4 years, 1 month ago) |
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Dow futures plunge 1,000 points after Fed cuts interest rate to zero
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Quote:
Markets in Asia Pacific continued their declines on Monday despite the region's central banks announcing various measures to support the economy.
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koods
Ribbit
Registered: 05/26/11
Posts: 106,912
Loc: Maryland/DC Burbs
Last seen: 23 minutes, 33 seconds
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Can you imagine if trump had gotten his way demanding for the past year that the fed drop rates like they’ve done during this crisis? Negative rates is not a legitimate monetary policy
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NotSheekle said
“if I believed she was 16 I would become unattracted to her”
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koods
Ribbit
Registered: 05/26/11
Posts: 106,912
Loc: Maryland/DC Burbs
Last seen: 23 minutes, 33 seconds
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Re: The Federal Reserve [Re: sh4d0ws]
#26537712 - 03/16/20 12:30 AM (4 years, 1 month ago) |
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Quote:
sh4d0ws said:
Dow futures plunge 1,000 points after Fed cuts interest rate to zero
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Quote:
Markets in Asia Pacific continued their declines on Monday despite the region's central banks announcing various measures to support the economy.
The stock market is not tanking because of fundamental monetary issues in the economy. It’s tanking becasue there’s a fucking pandemic and business activity around the world has collapsed. Lowering interest rates isn’t going to change the behavior of a virus. The reason the market doesn’t like it is because it is an admission by the people who run the economy that the economy is fucked.
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NotSheekle said
“if I believed she was 16 I would become unattracted to her”
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christopera
Stranger
Registered: 10/13/17
Posts: 14,455
Last seen: 5 hours, 4 minutes
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Re: The Federal Reserve [Re: koods]
#26538184 - 03/16/20 09:06 AM (4 years, 1 month ago) |
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I think the real question at this point is what will the rebound be like?
I have many friends who are looking at going wage-less for the next week or two. It's hard to recover an economy when everyone is broke, and low gas prices and tax breaks don't help broke people.
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Enjoy the process of your search without succumbing to the pressure of the result.
A Dorito is pizza, change my mind.
Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things
I’m sorry it had to be me.
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SirTripAlot
Semper Fidelis
Registered: 01/11/05
Posts: 7,660
Loc: Harmless (Mostly)
Last seen: 4 hours, 45 minutes
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Re: The Federal Reserve [Re: koods]
#26538187 - 03/16/20 09:07 AM (4 years, 1 month ago) |
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Thank god for the virus, now I can refi my house to a lower interest rate. But honestly, the Fed makes calls and policies that our elected representatives would never be able to make (they are weak in the belly). Koods is right, the tool chest would be more depleted if Trump got every reduction he cries for.
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“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear. I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”
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SirTripAlot
Semper Fidelis
Registered: 01/11/05
Posts: 7,660
Loc: Harmless (Mostly)
Last seen: 4 hours, 45 minutes
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Looks like our economy is so dialed in, that any disruption fucks it up. GRANTED, this is a big deal.These muti-billion corps have no rainy day fund? Same with the populace, paycheck to paycheck.
I dont make that much coin, but was taught to pay myself first from a paycheck. 8% goes to savings. As a country we really need to have some sort of financial education coupled with a little stronger regulations (like liquidity requirements for banks and corporations) How many bailouts will we see?
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“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear. I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”
Edited by SirTripAlot (03/16/20 09:15 AM)
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koods
Ribbit
Registered: 05/26/11
Posts: 106,912
Loc: Maryland/DC Burbs
Last seen: 23 minutes, 33 seconds
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Quote:
christopera said:
I think the real question at this point is what will the rebound be like?
I have many friends who are looking at going wage-less for the next week or two. It's hard to recover an economy when everyone is broke, and low gas prices and tax breaks don't help broke people.
After 9/11 bush gave every tax payer a couple hundred bucks. You got a check in the mail. You know; socialism.
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NotSheekle said
“if I believed she was 16 I would become unattracted to her”
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Falcon91Wolvrn03
Stranger
Registered: 03/16/05
Posts: 32,557
Loc: California, US 
Last seen: 7 months, 7 days
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I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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qman
Stranger
Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 16 hours
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Quote:
christopera said:
I think the real question at this point is what will the rebound be like?
I have many friends who are looking at going wage-less for the next week or two. It's hard to recover an economy when everyone is broke, and low gas prices and tax breaks don't help broke people.
I don't really see any meaningful economic rebound on Main Street because all of the stimulus will come in the forms of bailouts and tax breaks for the corporations/shareholders.
In fact, the "capitalists" are going to take advantage of this meltdown to grab even more wealth from the peasants with foreclosures, seizing properties/assets and layoffs.
The Elite don't want a real economic rebound, they want a recession on Main Street with debt slavery for the peasants. The bond market is forecasting a very long term perpetual depression on Main Street, Joe Six-Pack is now officially in fuckoff land.
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qman
Stranger
Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 16 hours
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Quote:
SirTripAlot said:
Thank god for the virus, now I can refi my house to a lower interest rate. But honestly, the Fed makes calls and policies that our elected representatives would never be able to make (they are weak in the belly). Koods is right, the tool chest would be more depleted if Trump got every reduction he cries for.
Despite the lower interest rates, banks are going to be extremely reluctant to refinance any mortgages. The only people benefiting from the ultra low rates with be the very wealthy.
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Kryptos
Stranger
Registered: 11/01/14
Posts: 12,648
Last seen: 31 minutes, 20 seconds
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Quote:
SirTripAlot said:
Thank god for the virus, now I can refi my house to a lower interest rate. But honestly, the Fed makes calls and policies that our elected representatives would never be able to make (they are weak in the belly). Koods is right, the tool chest would be more depleted if Trump got every reduction he cries for.
Same, I'm meeting with a banker Thursday. I'm also sitting on a sizeable cash reserve that I pulled out of the market right after the elections in Nov 2018. I figure another few weeks and it's going back in the market.
With any luck, I'll be able to pick up a foreclosure or two cheap as well, I know a few of my neighbors are overleveraged to shit, and I figure they'll be happy to take half price for their houses in a few months.
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koods
Ribbit
Registered: 05/26/11
Posts: 106,912
Loc: Maryland/DC Burbs
Last seen: 23 minutes, 33 seconds
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Re: The Federal Reserve [Re: Kryptos]
#26539393 - 03/16/20 08:32 PM (4 years, 1 month ago) |
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I bet trump is meeting with his bankers as well. He finally got that zero percent he needed to keep his personal finance Ponzi scheme from collapsing
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NotSheekle said
“if I believed she was 16 I would become unattracted to her”
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sh4d0ws
LSx
Registered: 02/26/08
Posts: 12,086
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Re: The Federal Reserve [Re: koods]
#26539822 - 03/17/20 01:28 AM (4 years, 1 month ago) |
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christopera
Stranger
Registered: 10/13/17
Posts: 14,455
Last seen: 5 hours, 4 minutes
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Re: The Federal Reserve [Re: sh4d0ws] 2
#26541389 - 03/17/20 07:17 PM (4 years, 30 days ago) |
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Here come the bailouts, but only for the companies. The peasants get to suffer.
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Enjoy the process of your search without succumbing to the pressure of the result.
A Dorito is pizza, change my mind.
Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things
I’m sorry it had to be me.
|
SirTripAlot
Semper Fidelis
Registered: 01/11/05
Posts: 7,660
Loc: Harmless (Mostly)
Last seen: 4 hours, 45 minutes
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Looks like we will get something too. Lets just make it Monopoly money for all. Our stock market skipped a steady correction phase and went straight to a recession.....possibly depression. Wont know until a quarter from now.
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“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear. I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”
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qman
Stranger
Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 16 hours
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Quote:
SirTripAlot said:
Looks like we will get something too. Lets just make it Monopoly money for all. Our stock market skipped a steady correction phase and went straight to a recession.....possibly depression. Wont know until a quarter from now.
What's really disgusting is all of these industries that now need Federal bailouts (free money) pissed away trillions of dollars the past ten years on share buybacks. Now they have almost zero cash and trillions of debt. So what's the reward for irresponsible corporate behavior? Free money in the form of government bailouts!!!
Joe Six-Pack isn't going to get any bailout, he's going to get kicked out of his house/apartment and potentially land on the streets.
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christopera
Stranger
Registered: 10/13/17
Posts: 14,455
Last seen: 5 hours, 4 minutes
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Re: The Federal Reserve [Re: qman]
#26542334 - 03/18/20 09:29 AM (4 years, 30 days ago) |
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Can't they sell of stock to generate the capital they need to continue? I thought that was the point of selling stocks in the first place.
In Canada the banks are deferring mortgage payments for 6 months. Now that would help! I doubt we will see that in the states.
--------------------
Enjoy the process of your search without succumbing to the pressure of the result.
A Dorito is pizza, change my mind.
Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things
I’m sorry it had to be me.
|
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