Back in 1937, the Fed thought the economy was doing terrific. They thought the Great Depression had ended and prosperity was right around the corner.
They tightened and were woefully wrong. The tightening had a deleterious affect, pushing the economy back into the sewers. If it wasn’t for Hitler bailing us out, the country would’ve fallen apart.
Today’s disaster was brought to you by The Federal Reserve.
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The only real economy we had was the Shale boom. Silicon Valley is always a scam waiting to go to zero hence it does not count.
FREDERICK WILSON DISAGREES, VEHEMENTLY.
It’s all about those MAU, man.
MAU?
monthly active users
Thanks, Ahadbi. I had tried to look it up, and, as usual found tons of different things it could stand for, like Makeup Air Unit, Media Access Unit etc.
See you on Tuzzday. Happy holiday.
Bulls are panicking. Bears are gloating. Bottom is in.
That video link is SOL
fixed
oh my god history repeating itself none of us said that would happen
They even created a Silver Bubble in the late 1800’s when US Govt went in and bought Silver to help the farmers. BTW 1929 had a Copper Bubble too.
congrats
thank you.
Fly, From both Showtime and me it means alot.
I told both Cain Thaler and Analyst Bomber in 2012 we were heading for a big oil / natural gas crash. I was only two years off on my call instead of 6.5 years.
What do I win?
Yellen is a feminist. Her only goal is destroy men by taking down their corporations, boardrooms, and Seeking Arrangement accounts.
>Yellen is a feminist.
We will soon find out if she wants a female president
3 more hikes and there won’t be
I can’t imagine that she wants a certain president only because she is female. But Yellen would probably prefer someone sane. Hillary is sane. Some of the other people running for president are not emotionally well balanced.
The problem is that many voters are so angry that they actually are attracted to candidates who are not well balanced emotionally. But when you are angry, you are better off following someone who is sane and has common sense, rather than picking the angriest leader you can find.
I’ve never thought of Hitler in that way
Government spending on war bailed us out of the Great Depression. But we could do government spending on peaceful activities instead. No law against that. No Hitler necessary.
And the U.S. has the world’s reserve currency, so there is no limit to our spending, as we can clearly see. Both political parties spend like the proverbial drunken sailors times 1,000,000,000. They just spend on different items, and one party whines about how we ought to balance the budget as they are spending like made, but both parties spend to the moon.
as they are spending like mad, I meant to type.
Given a real choice the majority wouldn’t vote for either party. Both parties look after minority interests.
I believe you are right about that, Stockslueth. Sanders and Trump do not really follow the main lines of the parties they chose to run under. And they’re both very popular.
So yesterday we had our first grandchild, living in Canada the little fucker is already 30000 in debt.
Fly I have to thank you went all in long TLT and SPXU in December
Question.
TLT buy sell hold ( 12000 shares)
SPXU buy sell hold 10000 shares
My only 2 holdings
You serious, Clark? For one thing, Doc Fly isn’t your financial adviser and can’t give personalized advice. Putting the number of shares you hold (instead of a ratio) is also a douche maneuver.
I’m sure you helped put him in debt by your voice in politics over the years you olde rich fuck. At least you’ll live long enough to spend your savings on being alive well past when you can contribute to society so that he can die the way he came in. Also change the pronouns if it’s a granddaughter.
Ouch.
Debt is an important issue. Many people have said that deficits don’t matter, including Right Wingers like Dick Cheney, citing Reagan
https://en.wikiquote.org/wiki/Dick_Cheney
and people Left of the political center, like these folks here.
http://neweconomicperspectives.org/
I don’t know if they are right or wrong about deficits not mattering. But I do know that debt and deficits are complex issues, not to be taken lightly. And if someone feels very certain that they do or do not matter, then they have some explaining to do about why this is so. Because the answer is not easy or obvious.
In simple terms FU
Since when is there a protocal here i have followed the fly for a few years. I have taken his advice and done well and i have also sucked the big one at least as many times.
Am I rich ?
Nope
Am I comfortable?
Yup!
Am I trying to rub it in ?
Nope.
For 3 yrs I have listened to Flys advise but its always i bought this i bought that but never get the fuck out
Apologize if Imindicated my holdings, i also bought YANG Friday
How many shares?
I id get your sarcastic message so I bought some
double down. just heard that on one of the saturday morning faux news “let’s all shout at each other” shows
Given that commodities are in the toilet, and given that the Fed, for whatever reason, prefers that stocks decline quickly rather than slowly, I can understand why stocks are crashing. But why are commodities so far down in the toilet? E.g. has oil somehow become obsolete. I see traffic all over the place. Has China stopped using oil?
come on son,… froggie use your big brain,……..
supply & demand,… isn’t there some monstrous supply glut, combined with new tech recovering more and more oil, and obviously we aren’t using it, add in combined global currency wars and presto,…..oil in the 20’s
Oh, because oil is priced in dollars and the dollar has been rising so much. I don’t pay much attention to currency or commodity markets usually. But I am surprised to see oil in the 20s and I expect to see it rise from there. But I guess that must be partly dependent on whether the dollar keeps rising.
People where I live are using oil The traffic is thick as can be. But I guess in Euros or something else, oil is not so cheap.
Now I am thinking, wondering how much of the fall in oil is due to the rise in the dollar.
if you don’t pay attention to commods or the dollar, which just happens to be the reserve currency,.. what the fuck do you pay attention to froggie ?
I pay attention to the stock market, the Federal Reserve, U.S. banks, and various other economic, political and cultural things that happen within the U.S. No one pays attention to everything– even to everything relevant to the stocked markets. It’s not possible.
That’s why we share impressions and ideas. Because different people pay attention to different stuff. If you can find the right people and put all your knowledge together, then you can all understand the world.
China switched to a fetus broth.
The problem is we have an overvalued stock market. The focus should be on that.
I don’t think it’s overvalued any more.
Iranian / US prisoner exchange according to Zerohedge. I’m sure its on other news outlets. Smelling a countertrend rally next week without oil participating. However, a countertrend bounce in oil will be forthcoming towards the beginning of Febuary.
Gotta keep the credit flowing, ya know.
> Smelling a countertrend rally next week without oil participating
I’m with you
There is significant money to be made this year. We just have to suck it up, buy the -500 days, and wait for the rollovers for short action.
ur all spoiled. normal markets have volatility AND corrections. welcome back to reality.
The worst start ever for the markets is by definition not normal.
It’s not typical. Richard Russell used to say to people who said “The market has to act this way because on average it has done so in the past” or who said “It has to do this, because it did that. — Richard Russell would say “The market can do anything.”
You can come up with average or typical patterns or things it’s always done. And then it can do something else.
It’s more than not typical. It’s unprecedented.
True. It’s pretty clear that this decline was hastened by the Fed and by the swift and large decline of oil. So it may just be the normal market patterns pushed off of a cliff by those factors. The Fed may have wanted the decline to be swift rather than slow, for any number of reasons.
And who knows, maybe the economy really does better when market participants are in severe pain for a shorter period of time, rather than having market declines go on and on for a longer time. Certainly any people with inside info would also make boatloads of profits off of buying puts and calls that way too.
Whatever the Fed thought, it seems increasingly clear they thought wrong. If they keep raising as planned, this is going to spread from a market disaster to an economic one as well.
I agree that they would be fools to continue this policy. Hopefully they will come to their senses soon. They’ve had a quick sharp decline to correct overvaluations in stocks, if that’s what they wanted. Now is not a good time to tempt fate, given current world events and commodity trends.
Agree. Unfortunately, egos are involved.