OG: Fed chief Powell is a noob?
#1
Now keep cutting rates and recession not even here yet. When recession comes no rates to cut and no tools liao. That is why hire fed chief must hire those with economist background. Rolling on the flor laughing Rolling on the flor laughing Rolling on the flor laughing
[+] 1 user Likes sogo's post
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#2
He has to do it to please the bog boss, Donald Trump mah! Laughing

Otherwise ....

[Image: trump-youre-fired.jpg]
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#3
[Image: 2dYkzUG.png]
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#4
10-10-2019 3:32 PM
orlando said:
He has to do it to please the bog boss, Donald Trump mah! Laughing

Otherwise ....

[Image: trump-youre-fired.jpg]

powell is the richest fed chief in history. u sure he needs the low paying job?
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#5
10-10-2019 4:56 PM
sogo said:
powell is the richest fed chief in history. u sure he needs the low paying job?

He needs "face"!

Being sacked means no face! Laughing
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#6
10-10-2019 5:05 PM
orlando said:
He needs "face"!

Being sacked means no face! Laughing

also must have dignity mah. trump kpkb then i will hike another 2%
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#7
10-10-2019 3:16 PM
sogo said:
Now keep cutting rates and recession not even here yet. When recession comes no rates to cut and no tools liao. That is why hire fed chief must hire those with economist background. Rolling on the flor laughing Rolling on the flor laughing Rolling on the flor laughing
There is now talk that there is recession in past because Fed cut slowly...only wait until too late then cut.

So recession can be avoided if fed more aggressive at cutting.

Anyway the western govt are abusing their currency by printing because most of the wealth hoarded goes into stock and property inflation...you dont get inflation for food and wages like in the past.

The situation now is unprecedented in last 5000yrs kf human civilisation there has nevrr been negative interest rate.

Every western country the debt us so sky high there are only 2 options

1.create a japanese economic situation.
2. Have a thai style crisis.

Most are hoping for (1 ) which is stagnancy....
Preserve current living standard without. improvement for as long as possible.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
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#8
10-10-2019 3:48 PM
singlion said:
[Image: 2dYkzUG.png]
Japanese show you can print for 20yrs and dont get runaway inflation so long as reserve currency status.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
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#9
Laughing
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#10
10-10-2019 3:16 PM
sogo said:
Now keep cutting rates and recession not even here yet. When recession comes no rates to cut and no tools liao. That is why hire fed chief must hire those with economist background. Rolling on the flor laughing Rolling on the flor laughing Rolling on the flor laughing

Cut rate no cut rate also no use one. Rolling on the flor laughing
Can you stop a man from dying after overdosing of medicine?
This is karma, now we just need to wait for effect to take place.
It is already 10 years. A long wait.
笨拙的人讲道理,聪明的人说故事。
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