Jimi Posted December 14, 2022 Report Share Posted December 14, 2022 20 minutes ago, potatohead said: when I look at those pictures......I get a Jonestown type vibe.... Will they be handing out koolaid at the open house? Better to look at yesterday's listing then, f'sure! Link to comment Share on other sites More sharing options...
potatohead Posted December 14, 2022 Report Share Posted December 14, 2022 38 minutes ago, Jimi said: Better to look at yesterday's listing then, f'sure! That looked like the real life version of the movie "Misery" Link to comment Share on other sites More sharing options...
Jimi Posted December 14, 2022 Report Share Posted December 14, 2022 That was a solid movie. She was compelling as a crazy lady. Especially when she broke his ankles.... 😮 Link to comment Share on other sites More sharing options...
WTF Posted December 14, 2022 Report Share Posted December 14, 2022 J. Powell needs to learn to think before he speaks and just keep the answers short and stop running his mouth or is he intentionally trying to support the markets? Hints at fed's target inflation rate of 2% could possibly be raised. "Longer term project" - if you are looking to tighten credit conditions just say no and then shut the fuck up. Asked if the Fed would consider rate cuts in 2023, Powell said, would consider cuts if they were confident the inflation rate was "moving down to 2% in a sustained way ". Moving down??? WTF, after spending a year telling us the Fed will "stay the course" and "higher for longer" until the target was met, the markets hear it's all bullshit. "Getting close to sufficiently restrictive levels", well I guess that is it, their work is done... let the party begin. The market's reaction looks like 1 more 25bps higher and then cuts coming starting in July 2023. Link to comment Share on other sites More sharing options...
Jimi Posted December 15, 2022 Report Share Posted December 15, 2022 Some weakness surfacing overnight. Link to comment Share on other sites More sharing options...
Jimbo Posted December 15, 2022 Report Share Posted December 15, 2022 JUST THE SAME OLD ACT Jay just doing his synthetic QE mime show........ To go along with the not much real QT show. It's the lack of printing that has deflated the asset markets. The QT has been small and rather insignifcant.... Until they actually go back to real QE I can't see a bull market developing. Not with all the defecits and crowding out effects. The GFA's will continue to deflate. The higher bond prices have casued a lot of damage in the financial system. We just can't see it....yet. Â Link to comment Share on other sites More sharing options...
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