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(Marketwatch)   WE? Farking WE? You got a bunch of poor people in your pocket Mr. "I and my ilk ARE THE FARKING PROBLEM"?   (marketwatch.com) divider line
    More: Obvious, Monetary policy, Central bank, Billionaire investor Stanley Druckenmiller, near-zero interest rate policy, surprise intervention, hard landing, significant gains, U.S. economy  
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1535 clicks; posted to Business » on 28 Sep 2022 at 9:22 PM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-09-28 10:46:40 PM  
5 votes:

2fardownthread: profound ideologues spouting off from time to time, making statements grounded in nothing, not even experience.


Ye gods it's all turned into Fark!?
 
2022-09-28 10:00:12 PM  
4 votes:

trialpha: It's amazing just how much the money people are utterly pissing themselves at the concept of interest rates going up and... returning to historical norms. They've been on cheap money far too long.


A single bankruptcy is a tragedy. A million is a statistic.
 
2022-09-28 8:27:12 PM  
2 votes:
Billionaires need to STFU.No one wants to hear their gripes
 
2022-09-28 9:51:30 PM  
1 vote:

vudukungfu: Billionaires need to STFU.No one wants to hear their gripes


FormlessOne: vudukungfu: Billionaires need to STFU.No one wants to hear their gripes

They live in a completely different world. They have very little comprehension of our world, except in aggregate. No one worries about a bristle in a hairbrush - they just get pissed when their hair's snarled by it.


sinner4ever: That is the whole point.
As Elizabeth Warren questions Powell
"Chair Powell: Well, in the labor market you have, as you know, you have a situation where there is a shortage of workers and there are two job vacancies for every person who is actively looking for work. So part of this is to get the labor market back into balance. "


Wealth inequality is a policy choice.

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2022-09-28 10:17:46 PM  
1 vote:
Wealthy hedge type:Inflation will destroy the economy!!  Do something!

Powell: okay, Volker raised rates to stop inflation.  Here's another 75 basis points.

Wealthy hedge type: not like that!!  Where's my inflation bailout!  Job creator here!!!
 
2022-09-28 11:07:47 PM  
1 vote:
"The financial crises of the past two decades, and our failure to predict them, have wreaked havoc on more than just the global economy. The bursting of the dot-com bubble in 2000, the Enron scandal and the global financial crisis of 2008 have led to a loss of faith in economics itself.

But these crises and scandals do not mean that the science of economics is inherently unreliable. Most of them occurred because we ignored what we knew.

Perhaps most obviously, we deputized - and continue to deputize - the wrong people as authorities. For instance, many assume that the real experts on the subject of money are those who have a lot of it.
But the opinions of wealthy tycoons are often dissociated from scientific evidence, out of touch with reality and all too plainly wrong. Amassing wealth as an individual is not the same thing as building and sustaining broad economic growth across nations. Often, making a private fortune is a matter of luck. 'Fortuna' is the Latin word for luck, after all."

http://www.latimes.com/opinion/op-ed/la-oe-ioannidis-economics-is-a-science-20171114-story.html
 
2022-09-28 11:27:32 PM  
1 vote:

Northern: Wealthy hedge type:Inflation will destroy the economy!!  Do something!

Powell: okay, Volker raised rates to stop inflation.  Here's another 75 basis points.

Wealthy hedge type: not like that!!  Where's my inflation bailout!  Job creator here!!!


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2022-09-28 11:32:31 PM  
1 vote:
external-preview.redd.itView Full Size
 
2022-09-29 12:16:42 AM  
1 vote:
Billionaire investor Druckenmiller believes the Fed's monetary tightening will push the economy into recession
.

Way to go out on a limb there, Druckenmiller.
 
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