Off-Topic: Powell tanks the market
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Name:   MartiniMan The author of this post is registered as a member - Email Member
Subject:   Powell tanks the market
Date:   8/29/2022 11:12:14 AM

Well if anyone thought his 10-minute speech would be dovish they were sadly mistaken and the markets responded as expected.  Because of massive printing of money to satiate Democrats and their socialist wet dream we have that pesky "transitory" inflation to deal with.  The only arrow in the Fed's quiver to combat inflation is Volcker's approach....tighten the money supply, raise interest rates and send the country into a recession.  And investors know that higher interest rates will provide a safer haven of their investment dollars (i.e., equities are no longer competing with 0.1% interest on bank deposits) and a recession means lower profits, layoffs, etc. which will drive down the value of equities.  The housing market is totally in the tank and a recent poll indicated that 50% of corporations are going to or already have laid off employees. 

So buckle up because we have in the course of less than 2 years gone from roaring back from the plandemic to negative GDP growth, recession, high interest rates and the like......Penaut Farmer 2.0 stagflation....because Democrats not only do not know history they always think it will be different this time because "they" are in charge.....not the Democrats that did this to us the last time.

Other messages in this thread:View Entire Thread
Powell tanks the market - MartiniMan - 8/29/2022 11:12:14 AM
     Powell tanks the market - MrHodja - 8/29/2022 12:20:20 PM
          Powell tanks the market - Lifer - 8/29/2022 12:42:05 PM
          Powell tanks the market - MartiniMan - 8/29/2022 1:08:23 PM
               Powell tanks the market - lakngulf - 8/29/2022 1:58:54 PM
                    Powell tanks the market - MartiniMan - 8/30/2022 8:32:36 AM
          Hey H...guess what - architect - 8/30/2022 10:40:07 AM
               Hey H...guess what - phil - 8/30/2022 12:00:47 PM
               Hey H...guess what - MrHodja - 8/30/2022 12:18:09 PM
               Hey H...guess what - CRD - 8/30/2022 1:11:39 PM
                    Hey H...guess what - architect - 9/2/2022 6:40:06 PM
                         Hey H...guess what - CRD - 9/6/2022 10:26:23 AM
     Powell tanks the market - Talullahhound - 8/29/2022 2:51:26 PM
          Powell tanks the market - MartiniMan - 8/30/2022 8:10:27 AM
               Powell tanks the market - lakngulf - 8/30/2022 8:26:55 AM
                    Powell tanks the market - MartiniMan - 8/30/2022 8:38:00 AM
          Hound, please remind us - architect - 8/30/2022 10:42:20 AM
               Hound, please remind us - CRD - 8/30/2022 11:10:23 AM
                    Ummm CRD - architect - 9/2/2022 6:29:18 PM
                         Ummm CRD - CRD - 9/6/2022 10:16:05 AM



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