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US Economy Tanking- 9/26/22

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14 minutes ago, sandy beach said:

IMHO the problem is over two decades of QE, excessively low rates, etc. from the Fed has created fragility in the economic system so that they can no longer use their mandated tools for monetary policy without breaking things. Personally given a chose I'd rather that they break things than see inflation run away. But that's just me.  

"Two decades...."

I just looked up when I registered here at Doc's board... and it was "two decades" ago.

That was about the time that it all stopped making sense to me... not that it ever really did before anyway. There seemed others here who thought it was all nuts... The casual recourse to short-term policy "fixes" that seemed certain later to impose uncertain but larger cost.

Pennies jammed endlessly in fuse boxes.

Perhaps Powell understands there is no more road down which to kick the can?

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48 minutes ago, Jimi said:

"Two decades...."

I just looked up when I registered here at Doc's board... and it was "two decades" ago.

That was about the time that it all stopped making sense to me... not that it ever really did before anyway. There seemed others here who thought it was all nuts... The casual recourse to short-term policy "fixes" that seemed certain later to impose uncertain but larger cost.

Pennies jammed endlessly in fuse boxes.

Perhaps Powell understands there is no more road down which to kick the can?

Some have waited longer. I am sure there were social message groups (via taverns) 200 years ago thinking the British pound was going to devalue.

GBP to USD to move from 5 to 1 - Historical run of the GBP

Early 1800s: 5

Napoleonic Wars: 3.62

US Civil War: 10

WW1: 3.66

WW2: 3.25

1949 devaluation: 2.8

BoP crisis: 2.4

Vietnam War: 2.65

Oil crisis: 1.58

Plaza Accord: 1.05

ERM: 2

GFC: 1.35

Brexit: 1.2

Today: 1.03

 

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INTRODUCING A NEW INDEX

As you may be aware...I am a bit of a pioneer in the area of Financial Psycological Indexes (FPI's for short}

I invented the False Narative Credibilty Index

Which measures the credibility level of false narratives.

I invented the Kult Index

Which measures the level of cultiness of stocks and crapto

Now I introduce a new Index....drum roill please.........

The SCREAMDEX

The screamdex measures the amount of public pressure being placed on the Fed to pivot.

 

 

Where should the S and P be......

Try the level on 16 September 2019 before all the printing...

Before the $500 Billion repo blast....

Around 3000.

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