Will Bernanke see his shadow?

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  #1  
Old 01-29-2008, 06:26 PM
Boomer Boomer is offline
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Default Will Bernanke see his shadow?

Will Bernanke see his shadow? - or is it Greenspan's shadow that he sees?

I guess we will know within an hour or two or sometime soon.

These rate cuts seem a little instant gratification-y.

But, I guess we must, we must, we must bail out the bust.

It sure looks like a house of cards economy (plastic cards mostly) to me.

And I remember the 80's. I was interested in this stuff even then, though I was a bit of a kid. It wasn't like this. It was bushel basket of money to the grocery store inflation.

I saved money for the college fund in CD's that brought 17%. And I knew even then that was not the way it should be.

The one person I would like to talk to? Alan Greenspan.

I just don't get this.

But it's like driving past a wreck. I just can't help but look.
  #2  
Old 01-30-2008, 04:20 PM
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Default Re: Will Bernanke see his shadow?

Markets will be Markets!

There is no such thing as controlled fiscal policy. All that can be done is to make the best guess and go with it. Psychology runs all markets, always has and always will. It doesn't really mater who is Fed Chairman or who is President or what party runs the halls. All we can hope for is that we don't really mess it up. The study of the history of markets all the way back to Roman Empire days shows that financial concerns run in cycles, some more predictable than others.

The lower dollar has negative impacts as we can see in commodities (as mentioned) and travel abroad. But it has positive impacts on exports as any export marketer will tell you. (they have been in BOOM times for the past 4 years!). These exports can create jobs, and have. BUT it may lower the cost of labor here since the margin is tight.

Personally i can see a move to lower rates being warrented but the markets may take it as a sign of desperation. I hope the FED remains firm after this lowering for some time.
  #3  
Old 09-25-2008, 05:11 PM
Boomer Boomer is offline
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Default The date on the start of this thread. . .

I just got all involved with that part of the new software that shows us our own thread starting history.

And I found this thing. A thread with 2 posts.

January 29. Not much action on the subject. Not on January 29.

And please forgive me because I do not know how to get this into the new Political Forum. We did not have that forum back in January.

But when I saw this thing, for some reason, I just could not resist bumping it. A thread started way back in January.

And I still want to talk to Alan Greenspan.

Why was inflation his only fear so it seemed?

And I would just have to ask Alan Greenspan, "Hey, Al, don't you think maybe you should have at least bought us all dinner first?"

Boomer

Last edited by Boomer; 09-25-2008 at 05:18 PM.
  #4  
Old 09-25-2008, 06:34 PM
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Back in January on a thread where I said my little bits of $$ was in cash, folks laughed at me. I'm still about 60% cash (I bought back in when I thought it was low, and I was wrong).

Folks, this is a financial boondoggle of biblical proportions. This country has no cash flow and no job growth. We're in deep trouble for a long time to come.

My 3% money market doesn't please me, but at least it's positive, I think I'll keep it and let the dust settle (in a few years).

Obama, McCain? won't make any economic difference in reality (oops, this isn't the political thread, I take it all back LOL).
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  #5  
Old 09-25-2008, 07:05 PM
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Quote:
Originally Posted by JohnN View Post
Back in January on a thread where I said my little bits of $$ was in cash, folks laughed at me. I'm still about 60% cash (I bought back in when I thought it was low, and I was wrong).

Folks, this is a financial boondoggle of biblical proportions. This country has no cash flow and no job growth. We're in deep trouble for a long time to come.

My 3% money market doesn't please me, but at least it's positive, I think I'll keep it and let the dust settle (in a few years).

Obama, McCain? won't make any economic difference in reality (oops, this isn't the political thread, I take it all back LOL).


Yep.

Boomer

Last edited by Boomer; 09-25-2008 at 07:07 PM.
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