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Muted early reaction to FOMC statement

Comments (11)
  • Tbird1
    , contributor
    Comments (15) | Send Message
     
    All the Russian Sanctions are suppose to hurt their GNP, and drop it just under 1%, while ours is already at .01%. She should have added back 10 Bil based on how poorly we are really doing. IMHO.
    30 Apr, 02:26 PM Reply Like
  • Ruthless1
    , contributor
    Comments (7) | Send Message
     
    Maybe the Fed will blame the winter-weather in Russia.
    30 Apr, 03:33 PM Reply Like
  • dacama1
    , contributor
    Comments (210) | Send Message
     
    Due to the "weather" or "winter"?
    30 Apr, 02:27 PM Reply Like
  • King Rat
    , contributor
    Comments (569) | Send Message
     
    The Fed is in a tough spot. If the weather had no big effect, then the economy will revert to normal in the summer. However that would imply that the taper has no material effect on the economy. If the taper has no material effect then neither did QE. If QE had no material effect other than to save the hides of some cronies in the finance world, then through initiating QE the Fed breached its fiduciary responsibility and violated its own legitimacy.

     

    The best hope for the Fed is if the taper is ruinous to the economy, thus justifying QE in the first place. However then by tapering the Fed would be responsible for ruining the economy.

     

    So by installing QE in the first place, the Fed placed itself in a no-win proposition, which is another reason why they never should have initiated QE. At least now the president and congress have somebody else to blame.
    30 Apr, 03:19 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3508) | Send Message
     
    King

     

    Except the point of QE was to get the economy ahead enough for it to hold steady enough without it. So tapering doesn't have to tank the economy to prove it's usefulness. Same as with training wheels. After a while when taking them off, one doesn't have to fall to prove they added value initially.
    30 Apr, 03:28 PM Reply Like
  • fred1724
    , contributor
    Comments (63) | Send Message
     
    Even assuming the FED is the driver of the "economy". Maybe just the stock market (artificially). The economy needs the gov't to get out of the way.
    30 Apr, 03:50 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3508) | Send Message
     
    Fred

     

    True at this point the training wheels are scraping the ground and slowing it all down.
    ... no idea if QE was adding anything of value or not... but at this point those scraping noises are bothersome...
    30 Apr, 03:52 PM Reply Like
  • notta lackey
    , contributor
    Comments (131) | Send Message
     
    Oh no, no, no! This Fed has not breached its fiduciary responsibility. It has been the best Fed ever! The Fed is a stock corporation owned by our biggest banks and is not part of the government. It's fiduciary responsibility has been impeccable. They have created huge profit spreads for their stockholders, raised the value of their collateral, bought billions of bad mortgages as part of QE, and loaned out money to them for almost nothing so they could make great spreads on Treasuries, thus rationing capital so only the government can afford to spend, and making their Republicrat ho's fawn. They have ruined the country and the economy, but who cares? They don't represent us.
    1 May, 02:32 PM Reply Like
  • james.
    , contributor
    Comments (242) | Send Message
     
    Gold price today did have a bullish day, technically speaking , as follows : (1) The Ultimate Oscillator moved above the neutral level today, (2) the Rate-of-change (ROC) did compute a Power-In today, thus accelerating the Gold price upwards, and thereby confirming the Ultimate Oscillator bullish action today, (3) xx:HUI closed above the opening price, which is bullish on its Candlestick Chart.
    This strong technical behavior of Gold price today is a good omen for Gold price on a day when ADM monthly data released today stated that 220,000 Private Jobs were added in April 2014, and the FRB continued to taper another $10B in QE3 in blatant disregard for the niggardly rise of 0.1% in U.S. GDP for Q1 2014, well below analysts' expectation of a 1.1% rise. Using a valid Software Package, I obtained the following P&F Chart Price Objectives: GLD = $169 which is equivalent to Gold price of $1760 per oz , SLV = $26 , HL = $5.97 , NEM = $39.
    The Acting President of Ukraine did admit today that he is "helpless" to prevent the contagion from sweeping eastern and southern Ukraine by pro-Russian separatists in a growing number of major cities; his statement is apparently a cop-out, thereby indirectly fingering President Putin. Mayor Kernes of Kharkiv (2nd largest Ukraine city), shot in the back while riding his bike in the morning for relaxation, is barely clinging to life; he was reportedly pro-Russian in favor of a united Ukraine, according to high ranking Kiev Government officials, and the Acting President of Ukraine (a priest) didn't condemn the shooting, nor did Kerry or Obama. Apparently , justice is a one-way-street, as in classical dictatorship. 4-30-14 at 1:33 pm PDT.
    30 Apr, 04:36 PM Reply Like
  • Herbert Samuel Jennings
    , contributor
    Comments (176) | Send Message
     
    What I suspect: The disposable income needed for growth went to pay for Obamacare. The Fed is lying about "winter" being the cause of slowness... It's not the first winter we ever had... nor the worst... but somehow we are to accept it as an excuse. Unemployment is UP, not DOWN, when measured by workforce participation, but they are padding the failed economy by using a flawed metric in order to tell people it's all okay. The media is like the band on the Titanic, keeping everyone entertained to the very end, as the ship slips under the waves.
    30 Apr, 09:52 PM Reply Like
  • notta lackey
    , contributor
    Comments (131) | Send Message
     
    No. Blame winter. That is when you get snowed.
    1 May, 02:34 PM Reply Like
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