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Author:

Jester Debunker

Subject:

Off Topic

Date:

09/21/16 at 4:24 PM CDT

 

 

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Reply to:

MSG`#3930,`09/21/16
By Jam ok

 

Re: Fed doesn't raise rates

Yeah, that Wells Fargo drama. It's beyond ridiculous that the exec in charge is walking away with $100M+ and Wells Fargo (backed by Warren Buffet...) basically said, "We're not doing anything about it. It's up to the Board. We'll let you know how that goes, kthxbye." So they're responsible for culture and performance to be getting 9 figure sums, but not responsible enough to actually know what's going on in their department? Give me a break.

Have you seen the show Braindead on CBS? It just finished airing season 1, and that's very funny. Space bugs have infected the brains of politicians in DC and the show has good fun with that. As they said about one character, "He's infected too?", "No, he actually thinks he's doing a good job."

Re the Fed, since their forecasting is always off by being too optimistic, there's a constant Fed Put in play in that they will always be more dovish than they say, which is already like a huge flock of doves, because they will always have to do more to try and meet their goals. And that's the meth the market is hooked on. Sure, it'll probably kill everyone later, but that's always the next guys or gals problem, right? And just like addicts in real life can't focus on anything other than getting their next hit, the market doesn't care about low growth or earnings or valuations. Where and when is the next hit? That's all. I so very rarely agree with Trump, but he's right that Yellen and co should be ashamed.

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