dmcowen674
No Lifer
Is it not?
-
We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.
US Dollar plummets today
Page 3 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.
Is it not?
GTaudiophile
Lifer
As soon as they start trading commodities like oil and gold in EURO, the Dollar is finished...and so is our economy...it will be like 1930 or worse...all over again.
silverpig
Lifer
Engineer
Elite Member
hehe...places on tinfoil hat and suggests that is why that any country that suggests the above (EURO's instead of dollars) is automatically thrown into the US war machine (Saddam did it at one time....Iran did it recently as did Venenzula - Coup attempts in Venenzula resulted and now Iran is on the war shitlist!)! :Q
NoShangriLa
Golden Member
Maybe it is time for me to head south to buy a Truck.
novasatori
Diamond Member
wow
who would have thought considering the half a percent cut
why did they cut it though, I'm not really a great economist or financier, but shouldn't they have raised it as the dollar is considerably weak right now
basically they cut it to save firms/people that are bad at managing credit/credit risk?
who would have thought considering the half a percent cut
why did they cut it though, I'm not really a great economist or financier, but shouldn't they have raised it as the dollar is considerably weak right now
basically they cut it to save firms/people that are bad at managing credit/credit risk?
NoShangriLa
Golden Member
LegendKiller
Lifer
Why do people think we should prevent recessions? That is the most asinine idea I have ever heard.
You cannot outstrip what should be normalized economic growth and then expect not to regress to the mean at some point. The mere idea that you can keep growing at high rates in perpetuity is ridiculous.
Countries have attempted to control economic growth through monetary policy before, all of them suffered greatly for that mistake. We are doing nothing but the status quo at this point for this administration and people, repeating history while ignoring its lessons.
LongCoolMother
Diamond Member
at least we won't be importing as much now-- and exporting more. trade defecit ftl!
It's rather amusing reading the comments of all you brilliant armchair financial and macro economic gurus. Clearly, you are more informed and privy to way more information than those silly folks at the fed just throwing darts at a rate chart 😛
I'm somewhat skeptical of knee-jerk measures in response to market conditions, but I'm sure the fed did not take this lightly. They probably see some very dark clouds on the horizon in terms of the credit crunch etc if no drastic action is taken. I dunno, we'll see.
I'm somewhat skeptical of knee-jerk measures in response to market conditions, but I'm sure the fed did not take this lightly. They probably see some very dark clouds on the horizon in terms of the credit crunch etc if no drastic action is taken. I dunno, we'll see.
Uuuuuuuuh... you really don't understand what the fed does. They try to smooth out the rise and drops in the normal economic cycle. Clearly, smooth rises and smooth landings are much better than steep drops and jumps. So yes, you can't grow the economy at a high rate forever, but you can smooth out the swings.
LegendKiller
Lifer
Ahhh yes, armchair "financial and economic gurus", ones that control a multi-seller conduit worth billions. Yeah, I am a know-nothing bumbfvck who just happen to work on the Street. Please dude, try your stupid degrading tricks on somebody else.
The role of a central bank is not to control economic health through monetary policy, it is to defend the currency, ensure liquidity, and prevent inflation. History is rife with central banks who have attempted to continue economic growth through screwing with this stuff, all of them failed. Try learning a little bit.
As far as me knowing more than them, personally, I benefit from their decision, as it makes my business easier. However, just because I benefit does not mean I agree. I think it's a horrible move that was done to satisfy Wall St.. Look at the reactions, traders, who were reviling the Fed were now calling them the Savior. Why? Not because they knew it was good for the economy, but because they knew it was good for their bonus.
On several CFA forums I frequent there wasn't one charterholder that agreed with the decision, even those who also benefitted. Agreeing with it is being morally and intellectually dishonest at how this will negatively impact our economy in the long term.
However, people who seem to think they know the role of the Fed agree with this because they also think they know history. Unfortunately, they forget history and merely go with what is good for them. Welcome to the dollar decline, crisis, and stagflation. Meanwhile the middle American will experience real wage decline, economic turmoil, and will suffer the most.
What do I care? My business will do well and I will not be hurt since I make enough to shelter myself. Right?
The role of a central bank is not to control economic health through monetary policy, it is to defend the currency, ensure liquidity, and prevent inflation. History is rife with central banks who have attempted to continue economic growth through screwing with this stuff, all of them failed. Try learning a little bit.
As far as me knowing more than them, personally, I benefit from their decision, as it makes my business easier. However, just because I benefit does not mean I agree. I think it's a horrible move that was done to satisfy Wall St.. Look at the reactions, traders, who were reviling the Fed were now calling them the Savior. Why? Not because they knew it was good for the economy, but because they knew it was good for their bonus.
On several CFA forums I frequent there wasn't one charterholder that agreed with the decision, even those who also benefitted. Agreeing with it is being morally and intellectually dishonest at how this will negatively impact our economy in the long term.
However, people who seem to think they know the role of the Fed agree with this because they also think they know history. Unfortunately, they forget history and merely go with what is good for them. Welcome to the dollar decline, crisis, and stagflation. Meanwhile the middle American will experience real wage decline, economic turmoil, and will suffer the most.
What do I care? My business will do well and I will not be hurt since I make enough to shelter myself. Right?
redgtxdi
Diamond Member
As I said in my "Fed" thread.................THIS FRIGGIN' COUNTRY NEEDS TO LEARN HOW TO TOUGH THIS FINANCIAL CRAP OUT!!!!!!!!!!!
We've turned into a bunch of pansies who think everything needs to be "peachy" or "easy" 24/7 and that we're all "entitled" to constant happiness & affluence!!!
Hell, just legalize drugs & let's just let the ACLU run the country & get rid of all this capitalistic crap!!
We can all just sit in loincloths & pass doobies & syringes 'round the campfire!
FREE DOLLARS, HOUSES & iPHONES FOR E-V-E-R-Y-B-O-D-Y!!!!!!!!!!! :|
We've turned into a bunch of pansies who think everything needs to be "peachy" or "easy" 24/7 and that we're all "entitled" to constant happiness & affluence!!!
Hell, just legalize drugs & let's just let the ACLU run the country & get rid of all this capitalistic crap!!
We can all just sit in loincloths & pass doobies & syringes 'round the campfire!
FREE DOLLARS, HOUSES & iPHONES FOR E-V-E-R-Y-B-O-D-Y!!!!!!!!!!! :|
soonerproud
Golden Member
Awesome! We love it when you Canadians come across to buy products and support our industries. Just make certain they say made in the USA and not Korea, Japan or China.
😀
LegendKiller
Lifer
Obviously you know nothing too, because anybody who doesn't agree with the revisionist history of a Fed's role, is an "armchair financial expert and economist".
Feh.
soonerproud
Golden Member
Precisely. Govenment over regulating the economy may be good in the short term, but historically has been disastrous in the long term. (Great Depression is a perfect example of this.)
We need to stop the Greenspan tactics to economic control.
LegendKiller
Lifer
Greenspan was largely good at fighting inflation, you just need to look at what inflation has been (even the non BS-FOMC rate wasn't horrible). However, "Helicopter Ben" is a guy who thinks that inflation isn't a concern and helicopters full of money should be used to stimulate growth.
Wow, that worked great for the Wiemar Republic you fool. Or the South Americans, or Asians, or Russia, or any other country who tried that BS.
Many thought Helicopter Ben would take a hard stance, like a lighter Volcker stance or at least hold the line on a Greenspan stance. However, he caved in and Wall St. loves him.
Last week the Street was talking about how they would be happy with just their jobs and giving up their bonus', HeliBen just might have given their bonuses back to them and thye love him for it.
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 25K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 24K
-
-
