TakeAStepBack
Gold Member
- Mar 29, 2011
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The level of stupid is absolutely perplexing.....
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world markets surge on Fed move
- Thread starter Truthmatters
- Start date
Truthmatters
Diamond Member
- May 10, 2007
- 80,182
- 2,272
- 1,283
- Thread starter
- Banned
- #22
cant you fucks act like adults EVER?
None more staggering than that form the nincompoop who claims to have a doctorate.The level of stupid is absolutely perplexing.....
Truthmatters
Diamond Member
- May 10, 2007
- 80,182
- 2,272
- 1,283
- Thread starter
- Banned
- #24
The markets reflect commerse in this world.
They are real companies who sell real world things.
Why do you now seek to trash the value of the markets in our economy so you can swipe at Obama?
Do you realise your party has used these methods and stimulus in the past with good results?
Are you just going to insult people for living in reality while you huddle your dumb asses in opposite land ?
They are real companies who sell real world things.
Why do you now seek to trash the value of the markets in our economy so you can swipe at Obama?
Do you realise your party has used these methods and stimulus in the past with good results?
Are you just going to insult people for living in reality while you huddle your dumb asses in opposite land ?
None more staggering than that form the nincompoop who claims to have a doctorate.The level of stupid is absolutely perplexing.....
They can be bought online....
Degrees For Sale Online - Buy Online College Degree, Instant Affordable Accredited
Rshermr
VIP Member
Oil prices are interesting.And NYMEX crude tops $100...
at this time, supply is higher than it has been in years. Demand is lower than it has been in years. Yet prices have been rising. So much for supply and demand theory, eh.
So, why would that be. Simple. The gas and oil industry is an oligopoly. Very high monopoly power. If you read even adam smiths thoughts on monopoly power, you would understand what is going on.
With oil speculation, demand is effectively increased artificially. Then, since oil companies own production and refining capacity, supply is also owned by the oil companies.
So, prices do what they want them to do; Rise until the public squeals like stuck pigs, then lower part of the way back toward where they started. Repeat, repeat, and repeat.
Hell it's almost 9 on the west coast, time for you to step out for some more muscatel.The markets reflect commerse in this world.
They are real companies who sell real world things.
Why do you now seek to trash the value of the markets in our economy so you can swipe at Obama?
Do you realise your party has used these methods and stimulus in the past with good results?
Are you just going to insult people for living in reality while you huddle your dumb asses in opposite land ?
Oil prices are interesting.And NYMEX crude tops $100...
at this time, supply is higher than it has been in years. Demand is lower than it has been in years. Yet prices have been rising. So much for supply and demand theory, eh.
So, why would that be. Simple. The gas and oil industry is an oligopoly. Very high monopoly power. If you read even adam smiths thoughts on monopoly power, you would understand what is going on.
With oil speculation, demand is effectively increased artificially. Then, since oil companies own production and refining capacity, supply is also owned by the oil companies.
So, prices do what they want them to do; Rise until the public squeals like stuck pigs, then lower part of the way back toward where they started. Repeat, repeat, and repeat.
Supply and demand is a market force. However, as monetary value becomes cheapened, the prices change to reflect the new values.
Rshermr
VIP Member
Yes, but you have a illness. We will all forgive you for it.The level of stupid is absolutely perplexing.....
Here. This may help you to understand:
The right's stupidity spreads, enabled by a too-polite left | George Monbiot | Comment is free | The Guardian
Rshermr
VIP Member
They are con tools. Some paid shills. This is what they do. Post con dogma and attack. And no, since adults tend to deal in facts, they can not do so.cant you fucks act like adults EVER?
Mr. H.
Diamond Member
Oil prices are interesting.And NYMEX crude tops $100...
at this time, supply is higher than it has been in years. Demand is lower than it has been in years. Yet prices have been rising. So much for supply and demand theory, eh.
So, why would that be. Simple. The gas and oil industry is an oligopoly. Very high monopoly power. If you read even adam smiths thoughts on monopoly power, you would understand what is going on.
With oil speculation, demand is effectively increased artificially. Then, since oil companies own production and refining capacity, supply is also owned by the oil companies.
So, prices do what they want them to do; Rise until the public squeals like stuck pigs, then lower part of the way back toward where they started. Repeat, repeat, and repeat.
"...lower part of the way back"? You mean like they did in 1999 when oil was $10/barrel?
TakeAStepBack
Gold Member
- Mar 29, 2011
- 13,935
- 1,742
- 245
I'm not on the "right", lefty.
And the level of stupid is absolutely perplexing.
And the level of stupid is absolutely perplexing.
Rshermr
VIP Member
You ae talking about inflation, of course. But if you deal in current values, it is still the same. Oil prices have nothing to do with supply and demand.Oil prices are interesting.And NYMEX crude tops $100...
at this time, supply is higher than it has been in years. Demand is lower than it has been in years. Yet prices have been rising. So much for supply and demand theory, eh.
So, why would that be. Simple. The gas and oil industry is an oligopoly. Very high monopoly power. If you read even adam smiths thoughts on monopoly power, you would understand what is going on.
With oil speculation, demand is effectively increased artificially. Then, since oil companies own production and refining capacity, supply is also owned by the oil companies.
So, prices do what they want them to do; Rise until the public squeals like stuck pigs, then lower part of the way back toward where they started. Repeat, repeat, and repeat.
Supply and demand is a market force. However, as monetary value becomes cheapened, the prices change to reflect the new values.
I'm not on the "right", lefty.
And the level of stupid is absolutely perplexing.
It really is.
It makes you wonder sometimes if Truthdon'tMatter is actually a far-right conservative making amazingly stupid threads on a daily basis posing as a liberal for the fun of it.
How can a person possibly be so hypocritical, foolish and just plain dumb and not know it?
Perplexing indeed.
TakeAStepBack
Gold Member
- Mar 29, 2011
- 13,935
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http://www.marketoracle.co.uk/Article36521.html
QE3 Summary
The Federal Reserve has just announced that it would launch the so-called "QE3", or "Quantitative Easing Three" program. Key components are:
1) The creation of $40 billion a month out of thin air to purchase agency mortgage-backed securities at artificially low interest rates;
2) The continuation of Twist 2, and the shifting of Federal Reserve holdings of US Treasury Bonds into longer-term bonds;
3) Combined purchases of long-term securities between QE3 & Twist 2 of approximately $85 billion per month through the end of the year;
4) Quantitative easing without any pre-defined limit, meaning an open-ended commitment to keep purchasing securities at whatever level is judged necessary until the labor market improves "substantially";
5) The potential purchase of additional assets and the deployment of other policy tools as needed;
6) An extension of the 0.0% to 0.25% target range for the Fed Funds rate until at least mid 2015.
ANALYSIS: No Sterilization Means Radically Increased Inflationary Danger
The most important part of the Fed statement was the word that wasn't mentioned: "sterilization". This means that there was no promise to "contain" the newly created money, as was the case with QE1 and previous mortgage security purchases, but instead it appears that the newly created money will be going directly into the economy - and on a potentially unlimited basis.
The promise to create money out of thin air and inject it into the economy at a rate of $40 billion a month on an unlimited basis is the single most inflationary act the Federal Reserve has taken to date. While the dollar volume on a monthly basis is somewhat less than prior "easings" (aka monetary creations), the non-sterilized and potentially multiyear nature of QE3 takes it to an entirely different level than QE1, QE2 or either of the Twists.
For a background reading on how sterilization works and why central banks usually sterilize, there are several articles in my "Money Creation Primer", linked below:
Money Creation Resource Articles by Daniel R Amerman
ANALYSIS: An Attack On Unemployment Through An Attack On The Dollar
The Federal Reserve is indeed using QE3 to attack the problem of unemployment - but not through the method stated.
The cover story is that QE3 will be used to increase the money available for lending and to lower interest rates. It is a credit to Mr. Bernanke that he was able to read this statement with a straight face, for the assertion that the economy is being held down by too high of interest rates and tight money is ludicrous. Interest rates are already at historic lows, and banks are awash in available cash. Moreover, QE3 is likely to have very little effect when it comes to expanding corporate lending, just as QE2 had very little effect - because that was never the intended route to rebooting employment in the United States.
As described in detail in my article "Bullets In The Back: How Boomers & Retirees Will Become Bailout, Stimulus & Currency War Casualties" (linked below) the United States has a structural problem with unemployment that is essentially unsolvable so long as the dollar remains high in value relative to other global currencies. This problem was exacerbated by the rise in the US dollar caused by the Euro crisis - and it is no coincidence that the unemployment crisis in the United States is now getting rapidly worse even as the dollar soared this past spring and summer.
Bullets In The Back: How Boomers & Retirees Will Become Bailout, Stimulus & Currency War Casualties
The Federal Reserve is, of course, well aware that the unemployment situation is far, far worse than what is being captured in the official headline unemployment rate of 8.1%. The government knows full well that the true unemployment rate, once workforce participation rate manipulations are netted out, is closer to 19% - and getting worse, as explored in detail in my article linked below, "Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment Statistics".
Making 9 Million Jobless Vanish: How The Government Manipulates Unemployment Statistics
This building crisis of a strengthening dollar and rising unemployment called for emergency action, and that is exactly what Bernanke is doing. He is effectively calling in a B-52 strike on the US dollar, monetizing for the world to see, and pledging to monetize for as long as it takes - until the US dollar is driven down to a level where American workers can once again be globally competitive.
If the rest of the world sits back and lets the United States drive down the value of the dollar, then US employment is indeed likely to rise - at the cost of falling employment elsewhere. But if the rest of the world is not willing to sit back and watch jobs flow to the US, then there is likelihood of counterstrikes, and even the danger of all-out currency warfare.
ANALYSIS: Increased Financial Repression, Increased Hidden Taxes & A Devastating Blow To Retirement Investors
Consider two promises the Federal Reserve just made:
1) That it will create money out of thin air on a massive scale for as long as it takes until substantial improvements in the labor market occur; and
2) That near zero short term interest rates will continue until at least mid-2015, even as interventions in the long term bond market will also hold long term interest rates down.
In other words, inflation goes up (whether officially captured in inflation statistics or not), and interest rates are forced even lower, for a longer period of time. There is a term economists use for this process: "Financial Repression".
QE3 Summary
The Federal Reserve has just announced that it would launch the so-called "QE3", or "Quantitative Easing Three" program. Key components are:
1) The creation of $40 billion a month out of thin air to purchase agency mortgage-backed securities at artificially low interest rates;
2) The continuation of Twist 2, and the shifting of Federal Reserve holdings of US Treasury Bonds into longer-term bonds;
3) Combined purchases of long-term securities between QE3 & Twist 2 of approximately $85 billion per month through the end of the year;
4) Quantitative easing without any pre-defined limit, meaning an open-ended commitment to keep purchasing securities at whatever level is judged necessary until the labor market improves "substantially";
5) The potential purchase of additional assets and the deployment of other policy tools as needed;
6) An extension of the 0.0% to 0.25% target range for the Fed Funds rate until at least mid 2015.
ANALYSIS: No Sterilization Means Radically Increased Inflationary Danger
The most important part of the Fed statement was the word that wasn't mentioned: "sterilization". This means that there was no promise to "contain" the newly created money, as was the case with QE1 and previous mortgage security purchases, but instead it appears that the newly created money will be going directly into the economy - and on a potentially unlimited basis.
The promise to create money out of thin air and inject it into the economy at a rate of $40 billion a month on an unlimited basis is the single most inflationary act the Federal Reserve has taken to date. While the dollar volume on a monthly basis is somewhat less than prior "easings" (aka monetary creations), the non-sterilized and potentially multiyear nature of QE3 takes it to an entirely different level than QE1, QE2 or either of the Twists.
For a background reading on how sterilization works and why central banks usually sterilize, there are several articles in my "Money Creation Primer", linked below:
Money Creation Resource Articles by Daniel R Amerman
ANALYSIS: An Attack On Unemployment Through An Attack On The Dollar
The Federal Reserve is indeed using QE3 to attack the problem of unemployment - but not through the method stated.
The cover story is that QE3 will be used to increase the money available for lending and to lower interest rates. It is a credit to Mr. Bernanke that he was able to read this statement with a straight face, for the assertion that the economy is being held down by too high of interest rates and tight money is ludicrous. Interest rates are already at historic lows, and banks are awash in available cash. Moreover, QE3 is likely to have very little effect when it comes to expanding corporate lending, just as QE2 had very little effect - because that was never the intended route to rebooting employment in the United States.
As described in detail in my article "Bullets In The Back: How Boomers & Retirees Will Become Bailout, Stimulus & Currency War Casualties" (linked below) the United States has a structural problem with unemployment that is essentially unsolvable so long as the dollar remains high in value relative to other global currencies. This problem was exacerbated by the rise in the US dollar caused by the Euro crisis - and it is no coincidence that the unemployment crisis in the United States is now getting rapidly worse even as the dollar soared this past spring and summer.
Bullets In The Back: How Boomers & Retirees Will Become Bailout, Stimulus & Currency War Casualties
The Federal Reserve is, of course, well aware that the unemployment situation is far, far worse than what is being captured in the official headline unemployment rate of 8.1%. The government knows full well that the true unemployment rate, once workforce participation rate manipulations are netted out, is closer to 19% - and getting worse, as explored in detail in my article linked below, "Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment Statistics".
Making 9 Million Jobless Vanish: How The Government Manipulates Unemployment Statistics
This building crisis of a strengthening dollar and rising unemployment called for emergency action, and that is exactly what Bernanke is doing. He is effectively calling in a B-52 strike on the US dollar, monetizing for the world to see, and pledging to monetize for as long as it takes - until the US dollar is driven down to a level where American workers can once again be globally competitive.
If the rest of the world sits back and lets the United States drive down the value of the dollar, then US employment is indeed likely to rise - at the cost of falling employment elsewhere. But if the rest of the world is not willing to sit back and watch jobs flow to the US, then there is likelihood of counterstrikes, and even the danger of all-out currency warfare.
ANALYSIS: Increased Financial Repression, Increased Hidden Taxes & A Devastating Blow To Retirement Investors
Consider two promises the Federal Reserve just made:
1) That it will create money out of thin air on a massive scale for as long as it takes until substantial improvements in the labor market occur; and
2) That near zero short term interest rates will continue until at least mid-2015, even as interventions in the long term bond market will also hold long term interest rates down.
In other words, inflation goes up (whether officially captured in inflation statistics or not), and interest rates are forced even lower, for a longer period of time. There is a term economists use for this process: "Financial Repression".
Yes, but you have a illness. We will all forgive you for it.The level of stupid is absolutely perplexing.....
Here. This may help you to understand:
The right's stupidity spreads, enabled by a too-polite left | George Monbiot | Comment is free | The Guardian
Here. This may help you to understand:
Bastiat: Economic Sophisms | Library of Economics and Liberty
Mad Scientist
Feels Good!
- Sep 15, 2008
- 24,196
- 5,431
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The Fed is going to buy $40 Billion a month in Mortgage Backed Securities ($80 Billion a month down the road) to re-inflate the Housing Bubble.Do you realise your party has used these methods and stimulus in the past with good results? Are you just going to insult people for living in reality while you huddle your dumb asses in opposite land?
The Housing Bubble popping in 2008 is the reason we are in this mess now.
That's like if you crash into a tree you would fix the car and be a more careful driver next time right? That's what a right thinking person would do right?
Well the Fed want's us to back up and smash into the tree again.
The Fed is going to buy $40 Billion a month in Mortgage Backed Securities ($80 Billion a month down the road) to re-inflate the Housing Bubble.Do you realise your party has used these methods and stimulus in the past with good results? Are you just going to insult people for living in reality while you huddle your dumb asses in opposite land?
The Housing Bubble popping in 2008 is the reason we are in this mess now.
That's like if you crash into a tree you would fix the car and be a more careful driver next time right? That's what a right thinking person would do right?
Well the Fed want's us to back up and smash into the tree again.
Last edited by a moderator:
TakeAStepBack
Gold Member
- Mar 29, 2011
- 13,935
- 1,742
- 245
You're more likely to geta dog to understand this than TM.
You're more likely to geta dog to understand this than TM.
That is why the dog in the avi looks so anxious.
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