Fed cuts half point in emergency move amid spreading virus

Post by chrsm » Tue, Mar 03, 2020, 4:50 PM UTC

lawrenceyan wrote: post #228

wpietri wrote: post #183

Earlier quoted context omitted.

I'm not quite following. Are you only expecting experts to comment here? If so, are you an expert in the frequency and type of textual errors and how that relates to expertise?

The issue is when you have what currently is the top comment for this article, written in a manner which implies that the writer knows what they are talking about (i.e. /u/airstrike using terminology like "after spending more time than I'm willing to admit listening to every finance talking head out there"). I'm calling into question /u/airstrike's legitimacy due to not being able to differentiate between monetary an…

Post by onlyrealcuzzo » Tue, Mar 03, 2020, 4:51 PM UTC

seirl wrote: post #206

onlyrealcuzzo wrote: post #191

Earlier quoted context omitted.

The Fed's job is supposed to be to keep inflation stable. Inflation is as stable as it's ever been. If stock prices go down, that means nothing to inflation. Somehow, since Greenspan, the Fed's job evolved to include pumping up asset prices to benefit asset owners (the top 5% own 80% of assets).

Wrong. The Fed has a dual mandate, they have to keep inflation and unemployment stable. Recessions are bad for employment, it turns out.

Post by coliveira » Tue, Mar 03, 2020, 4:51 PM UTC

chewz wrote: post #126

aazaa wrote: post #51

For those saying the Fed is running out of ammunition, study what the Bank of Japan has done. It owns close to 80% of the Japanese ETF market currently, with no end to the expansion of balance sheet in sight. After buying long treasuries, it's not unreasonable to imagine the Fed buying stocks, either individual issues or ETFs. The President would be for it, and it would be hard to drum up any opposition to it in cong…

Bank of Japan had been achieving new heights of monetary policy year after year for the last 30 years with little impact on real economy.

Post by vsareto » Tue, Mar 03, 2020, 4:52 PM UTC

headmelted wrote: post #144

airstrike wrote: post #119

Earlier quoted context omitted.

See https://www.medrxiv.org/content/10.1101/2020.02.06.20020974v... > The median incubation period was 3.0 days (range, 0 to 24.0 days) Edited my post to include that source

Which makes 24 days an extreme outlier

Post by rolltiide » Tue, Mar 03, 2020, 4:53 PM UTC

ajphdiv wrote: post #192

I had some call options on Robinhood that I wanted to sell after the spike caused by this rate hike. Now I'm watching my gains slowly go away since Robinhood is down again. Two days in a row.