Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 03-20-2014, 12:16 PM  
petegz28 petegz28 is offline
Supporter
 
petegz28's Avatar
 
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $17870
Janet Yellen could be the economic saviour we've been waiting for..

Yesterday Yellen announced that The Fed will continue to taper off bond buying and forecast interest rates starting to rise as early as next year. This is already starting to show signs that contrary to Wall St.'s economic guru's, will bolster the economy.

Copper Falls Most in Week as Fed Signals Higher Interest Rates
http://www.bloomberg.com/news/2014-0...e-outlook.html

Gold’s Biggest Drop in 5 Months Underscores Goldman View
http://www.bloomberg.com/news/2014-0...tes-in-15.html

WTI Crude Futures Decline for First Time in Three Days
http://www.bloomberg.com/news/2014-0...ap-widens.html

While the Wall St. talking heads will cry about increased borrowing rates and prices for metals going down due to lack of demand and a slowing economy due to higher rates, the truth could not be further away.

Interest rates are at such low levels they have negative impacts on most American's, again this is contrary to the Wall St. mouthpieces. What rising rates will do is increase the value of the $ which in turn will increase purchasing power of Americans as well as lower the cost of commodities such as copper and oil thus lowering the costs of goods.

While Wall St. will cry over their "Bernanke Put" going bye-bye and paint pictures of doom because rates might go to 1%, every day Americans will slowly start to see things like increased rates on their savings accounts and lower prices at the pump.

Why Wall St. fears the rate increases is obvious. They have enjoyed a guaranteed environment of stocks rising and super low interest rates on borrowing coupled with the inflow of cash from people who typically would not invest in the market but are forced to in efforts to find some sort of yield on their savings.

As disposable income increases for people on fixed incomes via higher rates on less risky investments, as well as others who typically choose the safety of CD's and savings accounts, the economy will start to boom.

Putting money back in the pockets of those who spend it is the only way to get the economy going again. Forget the doom and gloom about how this will cost people more to get a loan for a house or whathaveyou, that's a bogus line in order to instill fear. Main St. has been left out of this "recovery" while Wall St. has benefited more than any other time in history and it has been due to excessively low rates and safety nets implemented by the Fed. Janet Yellen may be the one to finally get the Fed out of the way of Main St. which has been sorely needed. Let's hope so.
Posts: 67,594
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 03-23-2014, 04:58 PM   #61
Chiefshrink Chiefshrink is offline
MVP
 
Chiefshrink's Avatar
 

Join Date: Apr 2002
Location: donkey land
Casino cash: $8482
Anybody who thinks the Treasury Sec calls the shots on Interest rates and when to print and not to print $ is on crack. The WH admin calls all the shots and determines when the Treas Sec 'jumps and how high'. And anybody who thinks otherwise is very naive
Posts: 12,369
Chiefshrink is too fat/Omaha.Chiefshrink is too fat/Omaha.Chiefshrink is too fat/Omaha.Chiefshrink is too fat/Omaha.Chiefshrink is too fat/Omaha.Chiefshrink is too fat/Omaha.Chiefshrink is too fat/Omaha.Chiefshrink is too fat/Omaha.Chiefshrink is too fat/Omaha.Chiefshrink is too fat/Omaha.Chiefshrink is too fat/Omaha.
  Reply With Quote
Old 03-23-2014, 05:31 PM   #62
KC native KC native is offline
a toda madre o un desmadre
 
KC native's Avatar
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $14539
ITT say all government statistics are wrong because they don't confirm my view and not understand the difference between the Treasury and Federal Reserve and how they work.
__________________
The diameter of your knowledge is the circumference of your actions. Ras Kass

Quote:
Originally Posted by Iowanian View Post
I'm just a little pussy from Iowa
Posts: 18,500
KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.
  Reply With Quote
Old 03-23-2014, 10:38 PM   #63
FD FD is offline
Veteran
 
FD's Avatar
 

Join Date: Dec 2006
Location: Los Angeles
Casino cash: $7738
Quote:
Originally Posted by petegz28 View Post
CPI excludes food and energy, that is correct.
JFC, you are entitled to whatever crazy, backwards theories you want, but at least get the basic facts right. Of course CPI includes food and energy, what good would it be if it didn't?

You are just embarassing yourself at this point.
__________________
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.
Posts: 3,582
FD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby Piscitelli
  Reply With Quote
Old 03-23-2014, 10:40 PM   #64
FD FD is offline
Veteran
 
FD's Avatar
 

Join Date: Dec 2006
Location: Los Angeles
Casino cash: $7738
Quote:
Originally Posted by Chiefshrink View Post
Anybody who thinks the Treasury Sec calls the shots on Interest rates and when to print and not to print $ is on crack. The WH admin calls all the shots and determines when the Treas Sec 'jumps and how high'. And anybody who thinks otherwise is very naive
Yellen is the Fed Chair, not Treasury Secretary. That would be Jack Lew. The discussion here is about the Fed.
__________________
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.
Posts: 3,582
FD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby Piscitelli
  Reply With Quote
Old 03-24-2014, 08:17 AM   #65
petegz28 petegz28 is offline
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $17870
Quote:
Originally Posted by FD View Post
JFC, you are entitled to whatever crazy, backwards theories you want, but at least get the basic facts right. Of course CPI includes food and energy, what good would it be if it didn't?

You are just embarassing yourself at this point.
Core CPI excludes food and energy. Sorry to be the one to break that news to you.
__________________
Posts: 67,594
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 03-24-2014, 09:08 AM   #66
FD FD is offline
Veteran
 
FD's Avatar
 

Join Date: Dec 2006
Location: Los Angeles
Casino cash: $7738
Quote:
Originally Posted by petegz28 View Post
Core CPI excludes food and energy. Sorry to be the one to break that news to you.
Thats right, Core CPI is a different thing from CPI. Its different from CPI due to the fact that it excludes volatile food and energy prices, which CPI obviously includes. Sorry to be the one to break it to you.
__________________
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.
Posts: 3,582
FD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby Piscitelli
  Reply With Quote
Old 03-24-2014, 09:12 AM   #67
petegz28 petegz28 is offline
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $17870
Quote:
Originally Posted by FD View Post
Thats right, Core CPI is a different thing from CPI. Its different from CPI due to the fact that it excludes volatile food and energy prices, which CPI obviously includes. Sorry to be the one to break it to you.
And core cpi is the measure the economists use.
__________________
Posts: 67,594
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 03-24-2014, 09:27 AM   #68
FD FD is offline
Veteran
 
FD's Avatar
 

Join Date: Dec 2006
Location: Los Angeles
Casino cash: $7738
Quote:
Originally Posted by petegz28 View Post
And core cpi is the measure the economists use.
They use it for some things, they use CPI for most things though. None of this matters though. You were just plain wrong when you tried to talk about CPI, and this bizarre idea that it doesn't include food and energy is a pervasive myth. Just apologize and move on.
__________________
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.
Posts: 3,582
FD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby Piscitelli
  Reply With Quote
Old 03-24-2014, 09:46 AM   #69
petegz28 petegz28 is offline
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $17870
Quote:
Originally Posted by FD View Post
They use it for some things, they use CPI for most things though. None of this matters though. You were just plain wrong when you tried to talk about CPI, and this bizarre idea that it doesn't include food and energy is a pervasive myth. Just apologize and move on.
That's the first thing they toss out and core CPI is the focal number. Move along yourself.
__________________
Posts: 67,594
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 03-24-2014, 10:03 AM   #70
FD FD is offline
Veteran
 
FD's Avatar
 

Join Date: Dec 2006
Location: Los Angeles
Casino cash: $7738
Quote:
Originally Posted by petegz28 View Post
That's the first thing they toss out and core CPI is the focal number. Move along yourself.
You are a clown.
__________________
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.
Posts: 3,582
FD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby Piscitelli
  Reply With Quote
Old 03-24-2014, 02:22 PM
JohnnyV13
This message has been deleted by JohnnyV13.
Old 03-24-2014, 02:23 PM   #71
JohnnyV13 JohnnyV13 is offline
Veteran
 
JohnnyV13's Avatar
 

Join Date: May 2003
Location: Tucson AZ
Casino cash: $5045
Quote:
Originally Posted by petegz28 View Post
Yeah, yeah, yeah..the economy would have dried up.....BULL & SHIT!

The consumer which ironically drives a consumer based economy, which ironically is what we are, has less disposable income ....wha nevermind, it's pointless to explain this to people who are stuck on CNBC.
It's pointless to explain to people who don't believe in Austrian economics.
__________________
http://thevirilview.com/royals

Where blogging is cheap therapy for 27 years of frustration
Posts: 2,842
JohnnyV13 must have mowed badgirl's lawn.JohnnyV13 must have mowed badgirl's lawn.JohnnyV13 must have mowed badgirl's lawn.JohnnyV13 must have mowed badgirl's lawn.JohnnyV13 must have mowed badgirl's lawn.JohnnyV13 must have mowed badgirl's lawn.JohnnyV13 must have mowed badgirl's lawn.JohnnyV13 must have mowed badgirl's lawn.JohnnyV13 must have mowed badgirl's lawn.JohnnyV13 must have mowed badgirl's lawn.JohnnyV13 must have mowed badgirl's lawn.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 01:06 AM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.