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Replies (12)
- Debra (Debbie) Rose, "Livingston NJ"
- Contributions:2729
so.....they are now going to project and announce what their actions will be in the future?
" It could help assure investors, companies and consumers that rates won't rise before a specific time. This might help lower long-term yields further - in effect providing a kind of stimulus."
Then again.........just the opposite could happen
ps just read the entire article.........good news - things kind of look better..bad news......maybe not so much....typical mumbo jumbo
" It could help assure investors, companies and consumers that rates won't rise before a specific time. This might help lower long-term yields further - in effect providing a kind of stimulus."
Then again.........just the opposite could happen
ps just read the entire article.........good news - things kind of look better..bad news......maybe not so much....typical mumbo jumbo
- Tug of War
- Contributions:1947
Being an optimistic pessimist I could see their point and while it gives me hope I do not believe a word of it......
- Pasadenan
- Contributions:21453
I was going to ask if this was supposed to be "good news", "bad news", or "no news", but I see that it was already determined that it was only intended to be "pretend news", and intended to confuse the public on the intentions.
They already have been telling us multiple times per year what they are going to do, including "twists" and "easing", and "reserves" and "fed rate", and "discount rate", and "regulation"...
As near as I can figure, they are trying to say they are still worried about a potential economic collapse if they don't keep fiddling with the numbers.
And the Dodd-Frank act requires all these additional "reports" anyway, not that reports typically do anyone any good, since the interpretation is always intentionally skewed.
Apparently the FED is admitting they have absolutely no control of large market movements due to speculation on the smallest amounts of data. But I know of no way to regulate speculation without freezing markets. So instead, the FED decides it shouldn't be a "free market", but that the money supply should be tightly regulated to stabilize the economy?
Still, every announcement the FED ever makes is a direct cause of "Speculation", thus it appears that anything they do is counter productive to their stated goals.
On the other hand, the FED has been able to keep the economy more stable than similar "banking" interests in Europe.
With the fast moving environment of electronic speculation, it may be that we just need to scrap the existing economic system, and start completely over with a different economic system. Brazil did that recently and completely stabilized the economy, and it is been growing since. But then they pretty much went to complete price-fixing (and labor rate fixing) and electronic transactions. I would like to see a better "different" economic system proposed. I have several in mind, but they all have some flaws too.
They already have been telling us multiple times per year what they are going to do, including "twists" and "easing", and "reserves" and "fed rate", and "discount rate", and "regulation"...
As near as I can figure, they are trying to say they are still worried about a potential economic collapse if they don't keep fiddling with the numbers.
And the Dodd-Frank act requires all these additional "reports" anyway, not that reports typically do anyone any good, since the interpretation is always intentionally skewed.
Apparently the FED is admitting they have absolutely no control of large market movements due to speculation on the smallest amounts of data. But I know of no way to regulate speculation without freezing markets. So instead, the FED decides it shouldn't be a "free market", but that the money supply should be tightly regulated to stabilize the economy?
Still, every announcement the FED ever makes is a direct cause of "Speculation", thus it appears that anything they do is counter productive to their stated goals.
On the other hand, the FED has been able to keep the economy more stable than similar "banking" interests in Europe.
With the fast moving environment of electronic speculation, it may be that we just need to scrap the existing economic system, and start completely over with a different economic system. Brazil did that recently and completely stabilized the economy, and it is been growing since. But then they pretty much went to complete price-fixing (and labor rate fixing) and electronic transactions. I would like to see a better "different" economic system proposed. I have several in mind, but they all have some flaws too.
- Dan, "the_country_hick"
- Contributions:4694
This kind of action just makes me think about converting my money into china banks. The currencies are linked so there should be no risk of currency declines from their country. But if our currency declines it could be unlinked giving higher numbers without the big loss of value the money at home would have.
No interest at all here for the next 2 years. 5% in China. Why keep your money here?
No interest at all here for the next 2 years. 5% in China. Why keep your money here?
- Tug of War
- Contributions:1947
Pasa I think they are more than still worried..and should be imo
- Dan, "the_country_hick"
- Contributions:4694
The article below (if true) shows just how worried the fed really is.
Drunken Ben Bernanke Tells Everyone At Neighborhood Bar How Screwed U.S. Economy Really Is | The Onion - America's Finest News Source
Drunken Ben Bernanke Tells Everyone At Neighborhood Bar How Screwed U.S. Economy Really Is | The Onion - America's Finest News Source
- Debra (Debbie) Rose, "Livingston NJ"
- Contributions:2729
Dan that "article" (I mean hoax) was dated August 3...................you don't really think it was Ben Bernanke do you?
- k.sebastian
- Contributions:4
I think the system should be as transparent as possible. I wonder if the rates will really match the "forecast".
- Robert Adams, "LVrealestateHELP"
- Contributions:317
Will they be forced to post rates according to the forecasts? Or is it more like a suggestion?? lol
- Dan, "the_country_hick"
- Contributions:4694
Debbie, I have no idea if that article was right or not. Either way it shows a real problem that the fed is incapable of fixing. I am skeptical about that article. We do know however that people can get drunk and say things they believe to be right they would never say when sober.
- Cindy Quinton, "Cindy Quinton"
- Contributions:1322
Come on Dan, you don't think the repetitive playing of "Money is for Nothing if the Chicks are Free" was a little over the top.....
Literally, laughing out loud!
Literally, laughing out loud!
- Debra (Debbie) Rose, "Livingston NJ"
- Contributions:2729
seriously Dan, if that REALLY occurred back in August, do you for one minute think it wouldn't have made all the major newcasts and magazines?
Do you not think there would have been fallout for weeks later if an incident like that occurred?---- not to mention it would have earned at last ONE segment on Saturday Night Live?
Nothing, and I mean nothing, gets past Saturday Night Live!!!
You can't be that gullable!
For the record, this "article" was from The Onion:
The Onion is an American news satire organization. It is an entertainment newspaper and a website featuring satirical articles reporting on international, national ...etc
Do you not think there would have been fallout for weeks later if an incident like that occurred?---- not to mention it would have earned at last ONE segment on Saturday Night Live?
Nothing, and I mean nothing, gets past Saturday Night Live!!!
You can't be that gullable!
For the record, this "article" was from The Onion:
The Onion is an American news satire organization. It is an entertainment newspaper and a website featuring satirical articles reporting on international, national ...etc
Fed to regularly forecast interest-rate changes
The first forecast will be included in the central bank's economic projections after its Jan. 24-25 meeting, the minutes said.
The change is the Fed's latest move to make its communication more open and explicit. It could help assure investors, companies and consumers that rates won't rise before a specific time. This might help lower long-term yields further - in effect providing a kind of stimulus."
Entire Article
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