He’s a c*nt. F him
So is Yellen. Whenever I think of them, I picture the scene in Zoolander where Stiller and Wilson are slapping around an iMac because "...the files are in the computer!" Seems to be the level of incompetence/lack of lore they should have for their positions.
He caused inflation. He was still printing money with zero interest rates, around this time last year.
Why would anyone bank on RSU’s being worth something?
Significant portion of comp for most companies is rsu
That was a rhetorical question, and also sarcastic
This isn’t sarcasm. The correlation between Fed induced economic hardship and financial distress is dressed up in colorful speak, but the deaths associated with it are real. If the Fed ever spoke matter-of-factly it would invoke more people than the Jan 6 assault did. Congress is next level stupid when it comes to insider trading. Fed governors actually exited their conflict of interest positions at market top BEFORE initiating QT and interest rate hikes.
End the Fed
When it all went up due to fed.. nobody cared. Now ppl blame the fed when they are *trying* to correct their mistake 😀
Whoever said they made a mistake? A mistake would have been under responding to the pandemic deflation. The intent was an over response from square one. The communicated goal was every bit that. What they’re doing now with disinflation is the opportunity for a mistake. Deflation driven by technical productivity gains in biotech, cloud compute, energy, etc combined with QT, interest rates, failing banks, vaporizing crypto frauds is all good unless it were to spiral. The deflationary effect may be so great that an immediate drop to near zero rates and QE resumption is needed.
@Tainted …just… no.
When a bank loans $100, it writes the number $100 on its asset sheet, this is the debt. Then it makes a matching $100 entry on its liability sheet, which the check they write to the borrower will be based upon. But if that loan is @5% interest, like today, for a period of ten years, then you will need $163 to pay off that loan: $100 principal, $63 interest. But if your currency is based on debt, like all currencies have been since 1913, without any outside source of equity-money based on completed work like Gold or Silver, like all currencies have been since 1933 and 1964 respectively, then those debts will NEVER BE PAID OFF OR REDUCED because the sole, exclusive possible way to get that extra $63 is to borrow it. Any money you might earn will be money created by someone else's debt. If you earn it from them then they default on the loan. If you fail to earn it, then you do. When people choose to default on average, then the bank seizes their assets and grows richer. When people choose to borrow $163, on average, then the bank increases its ownership of the economy by 38%, from $0 of $100 to $63 of $163. That happens IN ONE LOAN CYCLE. The Banking Cartel and governments formed an alliance beginning in the Victorian Age which became universal in 1913, and was cemented in 1933 when the last exit, gold coinage, was prohibited. Before 1933 in the US (or 1914 in Britain and similar dates elsewhere in Europe) you could escape this monetary Plantation system by saving in gold coins. Or until 1964 you could do it with silver coins. While that exit was open, default and deflation were the preferred response when people discovered their loans were mathematically IMPOSSIBLE to repay. But since then, they have no choice but to borrow more. In the US, just go look at an 80-year chart of the monetary base. The acceleration in borrowing from when the exits were blocked is as clear as day. In other countries, just mark the date when PM money was finally abandoned on a historical money-supply chart. You will see the same explosion in money supply as clear as day. That money-supply explosion is debt increasing as people take newer, larger loans to pay smaller, older ones. A balanced budget means there will be insufficient money in existence to prevent the debts, and hence the monetary system itself, from collapsing. So, if the population fails to increase borrowing fast enough, then the government must do it for them thru MMT. This system transforms producers of every kind into Plantation slaves, to the degree they produce. All wealth in the country exists ONLY due to the producers. This system, mandated as Karl Marx's 5th Plank of Communism, is explicitly designed to transfer wealth from anyone who produces to the Government (to own the means of production), the bankers (to have an exclusive State Monopoly on Credit), their Cronies (Armed Enforcers and credit dealers who perpetuate the system). That is what this monetary system is explicitly designed to do: Enslave Humanity. The exact same people own and control both the government and the corporations. They bought it with printed money, wealth stolen from you by dilution, because you let them.
Where did you read about this? Is this what Karl Marx was talking about?
Did they raise rates again ?
Is the meeting tomorrow?
Meeting is on .. announcement tomorrow
Announcement is morning or evening?