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(CNN)   Stocks fall after Feds tell us what they're going to do. You're supposed to blindfold the stock market before you spank them. It's no fun if they see the spanking coming   (money.cnn.com) divider line 22
    More: Followup, Federal Reserve, feds, European Economic Area, CMC Markets, financial markets, economic reports, global economy  
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1281 clicks; posted to Business » on 31 Oct 2013 at 9:52 AM (43 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



22 Comments   (+0 »)
   
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2013-10-31 09:59:19 AM
It's amazing how much of our economy is totally corrupted by government influence these days.  It's been going on for a while, but it's really coming to a head.
 
2013-10-31 10:13:15 AM

MugzyBrown: It's amazing how much of our economy is totally corrupted by government influence these days.  It's been going on for a while, but it's really coming to a head.


Derped to death in one. Not bad.
 
2013-10-31 10:16:29 AM

MugzyBrown: It's amazing how much of our economy is totally corrupted by government influence these days.  It's been going on for a while, but it's really coming to a head.


You're going to feel silly when your Libertarian friends come in:

#1 The Federal Reserve System Is A Privately Owned Banking Cartel

The Federal Reserve is not a government agency.

The truth is that it is a privately owned central bank. It is owned by the banks that are members of the Federal Reserve system. We do not know how much of the system each bank owns, because that has never been disclosed to the American people.

10 Things That Every American Should Know About The Federal Reserve
 
2013-10-31 10:34:49 AM

MugzyBrown: It's amazing how much of our economy is totally corrupted by government influence these days.  It's been going on for a while, but it's really coming to a head.


wulol.com
 
2013-10-31 10:43:58 AM

Yesterday : Stocks: Perky ahead of Fed decision

Today: Stocks fall after Fed update


Really, was anyone surprised? This is the game.

 
2013-10-31 10:49:53 AM

impaler: You're going to feel silly when your Libertarian friends come in:

#1 The Federal Reserve System Is A Privately Owned Banking Cartel

The Federal Reserve is not a government agency.

The truth is that it is a privately owned central bank. It is owned by the banks that are members of the Federal Reserve system. We do not know how much of the system each bank owns, because that has never been disclosed to the American people.


While not technically a federal agency, it was created by federal law its leader is appointed by the government.

It's actually worse than a Federal Agency because it is a mix of Privately owned banks acting in concert with and protected by the Federal Government.

It is super rich people give the power to keep themselves super rich and it's worked wonders for them.
 
2013-10-31 10:51:29 AM

MugzyBrown: It's amazing how much of our economy is totally corrupted by government influence these days.  It's been going on for a while, but it's really coming to a head.


Anyone who passed high school history with a "D" or better knows you're an idiot.
 
2013-10-31 11:00:38 AM

MugzyBrown: It is super rich people give the power to keep themselves super rich and it's worked wonders for them.


You may actually be the first person to know literally less than nothing about something. Amazing. I think that if you actually bothered to read the Wikipedia article on it, the very act of you attempting to comprehend the words would cause them to become incorrect.
 
2013-10-31 11:12:27 AM
As prophesized by the brilliant philosopher, Ayn Rand, and proselytized by loyal disciples like Dr. Ron Paul and Pat Boone, now is clearly the time to put all of your money into gold.  You don't trust the government, do you?

You may be asking, "How can I get into gold?"  Well, friend, today is your lucky day.  Today, I'm going to tell you about Goldline.  Yessir, Goldline is your key to economic liberty under the regime of the man who calls himself Obama.  Visit Goldline.com and secure your financial freedom.
 
2013-10-31 11:36:47 AM
It must be pretty sweet work being a financial journalist. All you have to do is see which way the market is going today and pick some random but peripherally-connected story out of the day's newsfeed to which to attribute the activity. Unfortunately for them, it's so easy that this will probably be one of the first reporting jobs to be automated.
 
2013-10-31 11:42:46 AM

jjorsett: It must be pretty sweet work being a financial journalist. All you have to do is see which way the market is going today and pick some random but peripherally-connected story out of the day's newsfeed to which to attribute the activity. Unfortunately for them, it's so easy that this will probably be one of the first reporting jobs to be automated.


So true. The best part is if the market completely reverses directions by the time the write the story, and they include an automated ticker that says where the stock is currently trading, i.e.:
"Today FUKIT (+1.34%) fell sharply on news that something happened somewhere."

And if you follow some "stock watch" websites, it's clear this job has already been automated.
 
2013-10-31 11:45:16 AM

jjorsett: It must be pretty sweet work being a financial journalist. All you have to do is see which way the market is going today and pick some random but peripherally-connected story out of the day's newsfeed to which to attribute the activity. Unfortunately for them, it's so easy that this will probably be one of the first reporting jobs to be automated.


Headlines are even worse: "Stocks Skittish on Predictions of Delayed Morning Deuce"
 
2013-10-31 01:53:12 PM
I hope it falls a lot. I jumped out, and I'm sitting in cash until this continuing resolution/debt ceiling bullshiat is ironed out for the long-term. I'm 80% sure more painful economic spasms are right around the corner. My gut says the market's over-inflated.

/If you think I'm right, give me all your money and I'll invest it well for you. Swear.
 
2013-10-31 02:06:56 PM

jjorsett: It must be pretty sweet work being a financial journalist. All you have to do is see which way the market is going today and pick some random but peripherally-connected story out of the day's newsfeed to which to attribute the activity. Unfortunately for them, it's so easy that this will probably be one of the first reporting jobs to be automated.


Bloomberg is horrible about this.  Their updates always attribute market moves to the most moronic and simplistic of things, sometimes directly in opposition to the reality of the movement.  They especially like to link cyclical moves to single events.
 
2013-10-31 02:09:32 PM

Fuggin Bizzy: I hope it falls a lot. I jumped out, and I'm sitting in cash until this continuing resolution/debt ceiling bullshiat is ironed out for the long-term. I'm 80% sure more painful economic spasms are right around the corner. My gut says the market's over-inflated.

/If you think I'm right, give me all your money and I'll invest it well for you. Swear.


My take is that we are in a period like 1997.  Democrat President, deadlocked Congress with GOP house, coming off a GOP-led shutdown of the government.  The market did great for the next 30 months.  I really don't see any more market disruption from the government until after the election, the GOP got smacked upside the head way too hard to try any more games.  They'll keep barking, but when it comes down to it, they'll buckle quickly.
 
2013-10-31 02:23:50 PM

Fuggin Bizzy: I hope it falls a lot. I jumped out,


That's not even a, "fark you, I got mine." That's a "I hope you get farked, I got mine."
 
2013-10-31 02:50:13 PM
Cool. Buyer's market!
 
2013-10-31 03:25:47 PM

impaler: Fuggin Bizzy: I hope it falls a lot. I jumped out,

That's not even a, "fark you, I got mine." That's a "I hope you get farked, I got mine."


You make that sound like a bad thing.
 
2013-10-31 03:27:39 PM

MugzyBrown: It's amazing how much of our economy is totally corrupted by government influence these days.  It's been going on for a while, but it's really coming to a head.


It's amazing how much these titans of free market industry who "built that" with their rugged individualism are totally addicted to sucking on Bernanke's teat  for their mother's milk.   Crackheads have more dignified self will.
 
2013-10-31 03:52:01 PM
85 billion a month
 
2013-10-31 06:53:57 PM

TrainingWheelsNeeded: 85 billion a month


Yep. Over a trillion a year.

www.educateyou.com

Those are stacks of $100 dollar bills.
 
2013-10-31 11:17:26 PM
The biggest problem with doing business with thieves is they rob you blind. But that would mean that monetary policy directed by bank executives that maintains the risk free source of income would be a bad thing!
 
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