Philly Fed Chief Warns That Inflation Is Too High: Rate Hikes Needed

Discussion in 'Economics' started by ByLoSellHi, Feb 7, 2007.

  1. lmao.
     
    #51     Feb 21, 2007
  2. bgp

    bgp

    good comments .:)
     
    #52     Feb 21, 2007
  3. duard

    duard

    No offense. I'm certainly not trying to start a flame war. All in good fun you know...

    Weimar is a city in Germany. It is located in the Bundesland of Thuringia (German: Thüringen), north of the Thüringer Wald, east of Erfurt, and southwest of Halle and Leipzig. Its current population is approximately 62,000. The oldest record of the city dates from the year 899.

    Famous residents of Weimar
    Goethe and Schiller in front of the Deutsche Nationaltheater
    Goethe and Schiller in front of the Deutsche Nationaltheater

    * Wassily Kandinsky

    * Friedrich Nietzsche

    I left Kandinsky on the list as he is a favorite just in case you didn't realize his affiliation.

    And lastly my shorts are serving me well right now as compared with yesterdays' close.


    and this as the time stamp shows is YESTERDAY's commentary.

    duard


    Registered: Jan 2005
    Posts: 1116


    02-20-07 06:11 PM

    Now of course as noted in the real-time diary. I did take my profits early on the reverse long for the reasons stated.

    Oh well....


    Let's see how my current net short works out for the afternoon session and perhaps the week.


    Depending on the price action this afternoon I may hold some contracts overnight as a position trade. Although this market is very momentum driven to the upside on long-term charts.....



    Good Luck to you to sir
     
    #53     Feb 21, 2007
  4. If you look back at my original post, Weimar fans is a reference to the inflationary period, not of the city.
     
    #54     Feb 21, 2007
  5. Be sure to never refer to the economy as hamburger meat either...could start another debate over the germany city of Hamberg:p
     
    #55     Feb 21, 2007
  6. duard

    duard

    Mea culpa.

    Just looking for a fight I guess.

    More brawler than brains I suppose. But that's what a futures trader should be?
     
    #56     Feb 21, 2007
  7. Nor do they understand that employment is easily above 10% and rising . Only the Prison Industrial Complex is keeping it down, somewhat.
    Inflation is about 10% as well. Thank god for derivatives to hide all those dollars, or it would be in chaos mode.

    The Fed funds rate is an overhyped number that does not have that much effect on the money supply. Unless it is being jacked up by insane amounts, like 500bps.

    It's at rock bottom levels nowdays, even 4 consecutive hikes of 25bps is not that significant.
     
    #57     Feb 21, 2007
  8. dhpar

    dhpar

    what rate hikes... Look at LEI today - the major reason they were up was that real money supply was up. Fed is going to drown us in money...
     
    #58     Feb 21, 2007

  9. Exactly.

    Buy hard assets boys.

    Money is reverting to the paper and ink it really is.
     
    #59     Feb 21, 2007
  10. duard

    duard

    My portfolio already looks like Mr. T.


    I pity the fool....
     
    #60     Feb 21, 2007