Name:	MartiniMan -	Reply
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.

Name:	MrHodja -	Reply
Subject:	Powell tanks the market
Date:	8/29/2022 12:20:20 PM (updated 8/29/2022 12:23:11 PM)

Yeah, but Archie is giddy because he got gasoline at only a buck+ more than when PF2 took over, ignoring that the summer driving season is over, demand is down, and he has significantly depleted reserves that were intended to be there for wartime or other legitimate emergency use.

Name:	Lifer -	Reply
Subject:	Powell tanks the market
Date:	8/29/2022 12:42:05 PM

It's all ok though, haven't you read?  As to fuel prices, another refinery fire yesterday or Sunday.  Ca't remember exactly when I read about it.  We are being attacked almost on a daily basis.  I think Lindsey finally got something right.  There is a straw that will break the camel's back and perp walking Trump.  Oh wait, archy and a couple of libs have piped in lately so let me correct that, GOD EMPEROR AND TRUE POTUS OF THE USA!! That fixed it.

Name:	MartiniMan -	Reply
Subject:	Powell tanks the market
Date:	8/29/2022 1:08:23 PM

Have to say I'm not surprised that Archie continues to be a raving moron.  If DJ raised his taxes 100% and then lowered them 50% he would be rejoicing at his tax "cut" even though they were up 50%.  If Trump cut his taxes 50% he would be raging about the tax cuts for the rich, the deficit, etc.  I long ago decided that having my IQ dropped by reading his posts was not for me.

Frankly, if you read Powell's comments they are pretty much accurate but sadly about 18 months too late.  When you read history as I do one thing is certain....when the gov't adds millions/billions/trillions of dollars to the economy it always causes inflation.  Especially when combined with lowered productivity...too many dollars chasing too few goods=inflation.....every. single. time.  On the positive side I doubt we will see interest rates in the 18% range like we did with Carter.....but they will still end up north of 10% until the recession starts to reduce it.

Name:	lakngulf -	Reply
Subject:	Powell tanks the market
Date:	8/29/2022 1:58:54 PM

But you forgot.....no mean tweets!

Name:	Talullahhound -	Reply
Subject:	Powell tanks the market
Date:	8/29/2022 2:51:26 PM

And the hits just keep on coming.  Our economy is a mess and Biden keeps coming up with new and different ways to waste money.  It's discouraging, because Powell was just appointed for another term.  Well, at least it is Yellen, who seems to be vying for the title of stupidest Treasury Secretary ever.  When I watch the financial shows, the CEOs that they interview seem to unaminously feel nothing will get any better until the end of 2023 and really not until 2024.  

Name:	MartiniMan -	Reply
Subject:	Powell tanks the market
Date:	8/30/2022 8:10:27 AM

As much as I hate to say it I think Powell is more right than wrong about what the Fed can do to try to knock down inflation, but 18 months too late and not recognizing how the Fed is responsible for some of the chaos.

I try not to join the conspiracy theorists but it's hard to imagine Democrats doing any worse if they were trying to intentionally destroy the country.  I know the Democrats need as many people as possible relying on the govt to stay in power but the way they are attacking the working poor and middle class makes me wonder what the end game is.  And the worse things get the more awful they are at attacking free speech, calling law abiding citizens that voted for Trump fascists and every phobe in the book.  Are they really trying to move us toward civil war so they can implement the great reset?  I used to scoff at the notion but not anymore. 

And I don't put Dementia Joe in that category because he doesn't have the mental acuity of a small soap dish and has no idea what he is doing.  If it were Trump behind the curtain instead of Rice, Klaymen, et al he would be the second coming of Ronald Reagan and wouldn't even realize it......other than Dr. Jill being mad at him all the time.  We live in very strange and dangerous times.

Name:	lakngulf -	Reply
Subject:	Powell tanks the market
Date:	8/30/2022 8:26:55 AM

Agreed.  I did not like what Lindsey Graham had to say over the weekend....that is Trump is indicted there will be "riots in the streets".  I share your disdain for conspiracy theories but if the Dems can create another Jan 6 (like I think they helped create on jan 6) they will have the door to walk in and take control to "Save Democracy".  Never mind that numerous cities can be brought to ruins in Summer 2020, if we can get the trumpsters to start shooting then we got em.

Name:	MartiniMan -	Reply
Subject:	Powell tanks the market
Date:	8/30/2022 8:32:36 AM

Right....everything is awful but no mean tweets......I forgot to add that one.

Name:	MartiniMan -	Reply
Subject:	Powell tanks the market
Date:	8/30/2022 8:38:00 AM

As much as I hate to say it I think you are correct.  We can't fall for this trap and have to win at the ballot box to start to turn the ship.  Which of course means we need to squash voter fraud which will never happen in blue states or more accurately blue cities.

Name:	architect -	Reply
Subject:	Hey H...guess what
Date:	8/30/2022 10:40:07 AM

Gasoline is down all over the world including the southern hemisphere where the summer driving season is just getting started and Joe Biden has no authority to release any reserves.  I bet you drive around looking for the highest price just to help you hold on to your hatred for anybody and anything that does not kiss your leader's fat fanny.

Name:	architect -	Reply
Subject:	Hound, please remind us
Date:	8/30/2022 10:42:20 AM

who appointed Mr. Powell?

Name:	CRD -	Reply
Subject:	Hound, please remind us
Date:	8/30/2022 11:10:23 AM

Technically, he was originally appointed to the Board by Obama, then elevated by Trump when Yellen left.  The Senate re-upped him for 4 more years back in May.

Name:	phil -	Reply
Subject:	Hey H...guess what
Date:	8/30/2022 12:00:47 PM

So Joe was right to sell our reserves to China - where he had no right to sell it ?

So in a minimum of threads you have thanked joe several times for price decreases, and claimed he also had no control of those decreases.

You would make a good exhibit in a mental institution.

Name:	MrHodja -	Reply
Subject:	Hey H...guess what
Date:	8/30/2022 12:18:09 PM

Hatred?  That would be laughable if it weren't so far from the truth.  You are the one spouting hatred on this forum, for anything related to Trump and those who dare to disagree with you.  And to reiterate again (yes, that is intentionally redundant):  I will not vote for Trump in a primary election but when it comes to anybody mentioned so far that the D's might offer you are danmed right I would vote for Trump (if the nominee) over any of them. 

Name:	CRD -	Reply
Subject:	Hey H...guess what
Date:	8/30/2022 1:11:39 PM

Last week in the UK, gas was $7.62/Gal and in Switzerland, $8.40/gal.  Your assurance that worldwide gas prices are down, I am sure, is indeed comforting to those citizens.  

Name:	architect -	Reply
Subject:	Ummm CRD
Date:	9/2/2022 6:29:18 PM

does ''elevated'' by Trump mean the same thing as ''appointed'' by Trump?

Name:	architect -	Reply
Subject:	Hey H...guess what
Date:	9/2/2022 6:40:06 PM (updated 9/2/2022 6:44:18 PM)

I am sure the Brits and Swiss are appreciative of any decrease even if small compared to our fuel costs.  In both the UK and Switzerland the majority of the price of gasoline is tax and not crude oil, extraction, refining, marketing, storage, transporting, etc costs.  Most of the latter are down but the former is not. 

Now, speaking of gasoline taxes, I believe you live in GA so I'm sure you join me in thanking our governor Kemp for temporarily dropping all state fuel taxes.  Do you also join me in thanking our senator Warnock for his efforts to enact the same for Federal fuel taxes?  I'll check back to get your answer.

Name:	CRD -	Reply
Subject:	Ummm CRD
Date:	9/6/2022 10:16:05 AM

If already a member of a committee, I would tend to use the word "elevate" to describe movement to a higher position within that committee.  If not already a committee member, I would tend to think "appoint" a more descriptive term.  But to each his own......

Name:	CRD -	Reply
Subject:	Hey H...guess what
Date:	9/6/2022 10:26:23 AM

As I recall, the Fed Gas Tax 3 month holiday flopped, did it not?  I offer wholehearted congratulations to Sen Warnock for supporting a piece of legislation that not even Dem leadership could support.  It just confirms that Warnock is nothing but a Biden rubber stamp.