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Old 12-15-2022, 11:10 AM
Boomer Boomer is offline
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Quote:
Originally Posted by Caymus View Post
Always amazed how fast the market can move. Stock futures shot up this morning on lower CPI. See what happens after Powell's talk tomorrow.


And here we are — the day after…….

Powell was appointed Head of the Fed in 2018. Since then we have seen two Black Swans (Covid and the War in Ukraine) and a housing market that was out of control to the point of pure insanity.

In my not-an-economist opinion, money has been too cheap for most of this entire century and now we are all caught in a catch-up game.

I am not naive enough to think that prices will go down on everyday purchases and services any time soon — or ever.

Why didn’t the Fed get a hold on what was happening before now? It has been like the Fed has been asleep at the switch for years and now it’s a mess they’ve got us in…..with no right answers. (I hope I’m wrong.)

Boomer

Last edited by Boomer; 12-15-2022 at 11:19 AM.