Awllllllllllllllllllllllllllllllllll f*ck.

Quote:Negative interest rates are spreading like a virus. Central banks in the Eurozone, Switzerland, Sweden, and Japan all have below-zero policy rates. “NIRP,” as economists call a negative interest rate policy, is a desperation move—but the only move those central banks have.

The Federal Reserve hasn’t followed—yet. When the next recession strikes, I believe Janet Yellen will choose to break the zero lower bound. The rationale was laid out in Jackson Hole. Look behind the headlines and you’ll see the Fed already preparing for NIRP.

In theory, negative rates should encourage consumers and businesses to spend more freely and stimulate growth. It hasn’t worked out that way. NIRP just punishes savers and makes everyone miserable.

http://finance.yahoo.com/news/feds-janet...11629.html

I have minor fears of another recession as economies continue to drag. I'm up about 100% on my house since I bought it in 2012, and I'm constantly going back and forth on whether I should get it ready to sell now or give it a bit longer.

(09-05-2016 10:11 AM)Niner National Wrote:  I have minor fears of another recession as economies continue to drag. I'm up about 100% on my house since I bought it in 2012, and I'm constantly going back and forth on whether I should get it ready to sell now or give it a bit longer.

Even though I'd argue that we haven't really exited the Great Recession all that much, we've technically been 'recovered' since it 'ended' in 2009. The most common range in between American recessions has been something like 6 to 8 years following WWII, so just based on those numbers I'm expecting one (especially with the economic policies we've had in place for quite some time now) during the next presidential term at least. I have no idea what the housing market is like wherever you live, but I'd strongly consider looking at it if times are high where you are.

(09-05-2016 09:46 AM)georgia_tech_swagger Wrote:  Awllllllllllllllllllllllllllllllllll f*ck.

Quote:Negative interest rates are spreading like a virus. Central banks in the Eurozone, Switzerland, Sweden, and Japan all have below-zero policy rates. “NIRP,” as economists call a negative interest rate policy, is a desperation move—but the only move those central banks have.

The Federal Reserve hasn’t followed—yet. When the next recession strikes, I believe Janet Yellen will choose to break the zero lower bound. The rationale was laid out in Jackson Hole. Look behind the headlines and you’ll see the Fed already preparing for NIRP.

In theory, negative rates should encourage consumers and businesses to spend more freely and stimulate growth. It hasn’t worked out that way. NIRP just punishes savers and makes everyone miserable.

http://finance.yahoo.com/news/feds-janet...11629.html

http://www.wsj.com/articles/fed-chairwom...1472220004

Vs.

https://www.theguardian.com/business/201...rest-rates

I'm just going to throw this out there, a negative interest rate is probably not within the powers of the Fed.

There would likely be serious and valid challenges.

Worst "recovery" in modern American history. Think about that. As smart as we are now... and we're dumber than Krushchev was 50 years ago.

Those at the top, and some property owners, have done O.K. (hunh, sounds a lot like hopey changey, no?) since '08, not many else.

We're parading around a 15 buck an hour for the Serf-class, and that's got them all-a-twitter, while real wages have stagnated for near 15 years, growth has been revised DOWNWARD to somewhere around a pathetic 1% and we're told just to suck it up, times are good, Kobe bifsteak is best served rare and this is the "new normal".

What a joke.

Meanwhile people can't afford to go to their Doctor any more, so have found Patel at the doc ina box, their savings aren't even getting 1.5% returns and one after another they're told the pensions, 401k's? Wellllllllll, the benevolent "government" may, just might hafta, "borrow" from ya'lls. Lest the "public servants" and localities all go bankrupt.

Yea, lets keep doing what we've been doing. Vote for the same asssholes, making the same promises. Keep banging that head against the same wall and sucking down the Oxy to make it all feeeeeeel better.

But, hey. We got dudes in dresses in our bathrooms and in our Armies. That's the shiny object that's importante. Never mind the rest of that stuff.

Now, go dye your hair green.

(09-06-2016 02:02 AM)JMUDunk Wrote:  Worst "recovery" in modern American history. Think about that. As smart as we are now... and we're dumber than Krushchev was 50 years ago.

Those at the top, and some property owners, have done O.K. (hunh, sounds a lot like hopey changey, no?) since '08, not many else.

We're parading around a 15 buck an hour for the Serf-class, and that's got them all-a-twitter, while real wages have stagnated for near 15 years, growth has been revised DOWNWARD to somewhere around a pathetic 1% and we're told just to suck it up, times are good, Kobe bifsteak is best served rare and this is the "new normal".

What a joke.

Meanwhile people can't afford to go to their Doctor any more, so have found Patel at the doc ina box, their savings aren't even getting 1.5% returns and one after another they're told the pensions, 401k's? Wellllllllll, the benevolent "government" may, just might hafta, "borrow" from ya'lls. Lest the "public servants" and localities all go bankrupt.

Yea, lets keep doing what we've been doing. Vote for the same asssholes, making the same promises. Keep banging that head against the same wall and sucking down the Oxy to make it all feeeeeeel better.

But, hey. We got dudes in dresses in our bathrooms and in our Armies. That's the shiny object that's importante. Never mind the rest of that stuff.

Now, go dye your hair green.

How in the World did You overlook the Global Warming crisis ?

IMO, Fed will raise rates so don't really anticipated going negative.

(09-06-2016 02:02 AM)JMUDunk Wrote:  Worst "recovery" in modern American history. Think about that. As smart as we are now... and we're dumber than Krushchev was 50 years ago.

Those at the top, and some property owners, have done O.K. (hunh, sounds a lot like hopey changey, no?) since '08, not many else.

We're parading around a 15 buck an hour for the Serf-class, and that's got them all-a-twitter, while real wages have stagnated for near 15 years, growth has been revised DOWNWARD to somewhere around a pathetic 1% and we're told just to suck it up, times are good, Kobe bifsteak is best served rare and this is the "new normal".

What a joke.

Meanwhile people can't afford to go to their Doctor any more, so have found Patel at the doc ina box, their savings aren't even getting 1.5% returns and one after another they're told the pensions, 401k's? Wellllllllll, the benevolent "government" may, just might hafta, "borrow" from ya'lls. Lest the "public servants" and localities all go bankrupt.

Yea, lets keep doing what we've been doing. Vote for the same asssholes, making the same promises. Keep banging that head against the same wall and sucking down the Oxy to make it all feeeeeeel better.

But, hey. We got dudes in dresses in our bathrooms and in our Armies. That's the shiny object that's importante. Never mind the rest of that stuff.

Now, go dye your hair green.

people at the top have done more than okay, they've done fantastically well. Wage growth has been minimal for a long time now, but the stock market has exploded at a rate that far exceeds inflation. Those at the top keep much of their worth in the market, so they've fared exceptionally well during Obama's tenure.

The middle class people that have minimal stock market holdings that are greatly impacted by inflation on the other hand, have gained little to nothing.

(09-06-2016 11:57 AM)Niner National Wrote:  

(09-06-2016 02:02 AM)JMUDunk Wrote:  Worst "recovery" in modern American history. Think about that. As smart as we are now... and we're dumber than Krushchev was 50 years ago.

Those at the top, and some property owners, have done O.K. (hunh, sounds a lot like hopey changey, no?) since '08, not many else.

We're parading around a 15 buck an hour for the Serf-class, and that's got them all-a-twitter, while real wages have stagnated for near 15 years, growth has been revised DOWNWARD to somewhere around a pathetic 1% and we're told just to suck it up, times are good, Kobe bifsteak is best served rare and this is the "new normal".

What a joke.

Meanwhile people can't afford to go to their Doctor any more, so have found Patel at the doc ina box, their savings aren't even getting 1.5% returns and one after another they're told the pensions, 401k's? Wellllllllll, the benevolent "government" may, just might hafta, "borrow" from ya'lls. Lest the "public servants" and localities all go bankrupt.

Yea, lets keep doing what we've been doing. Vote for the same asssholes, making the same promises. Keep banging that head against the same wall and sucking down the Oxy to make it all feeeeeeel better.

But, hey. We got dudes in dresses in our bathrooms and in our Armies. That's the shiny object that's importante. Never mind the rest of that stuff.

Now, go dye your hair green.

people at the top have done more than okay, they've done fantastically well. Wage growth has been minimal for a long time now, but the stock market has exploded at a rate that far exceeds inflation. Those at the top keep much of their worth in the market, so they've fared exceptionally well during Obama's tenure.

The middle class people that have minimal stock market holdings that are greatly impacted by inflation on the other hand, have gained little to nothing.

And the Clintons are right up there at the top. Shoot She was a stock market master even back in the Whitewater days. Bet They made out like bandits even on the Short when others lost millions.

(09-06-2016 12:56 PM)CardFan1 Wrote:  

(09-06-2016 11:57 AM)Niner National Wrote:  

(09-06-2016 02:02 AM)JMUDunk Wrote:  Worst "recovery" in modern American history. Think about that. As smart as we are now... and we're dumber than Krushchev was 50 years ago.

Those at the top, and some property owners, have done O.K. (hunh, sounds a lot like hopey changey, no?) since '08, not many else.

We're parading around a 15 buck an hour for the Serf-class, and that's got them all-a-twitter, while real wages have stagnated for near 15 years, growth has been revised DOWNWARD to somewhere around a pathetic 1% and we're told just to suck it up, times are good, Kobe bifsteak is best served rare and this is the "new normal".

What a joke.

Meanwhile people can't afford to go to their Doctor any more, so have found Patel at the doc ina box, their savings aren't even getting 1.5% returns and one after another they're told the pensions, 401k's? Wellllllllll, the benevolent "government" may, just might hafta, "borrow" from ya'lls. Lest the "public servants" and localities all go bankrupt.

Yea, lets keep doing what we've been doing. Vote for the same asssholes, making the same promises. Keep banging that head against the same wall and sucking down the Oxy to make it all feeeeeeel better.

But, hey. We got dudes in dresses in our bathrooms and in our Armies. That's the shiny object that's importante. Never mind the rest of that stuff.

Now, go dye your hair green.

people at the top have done more than okay, they've done fantastically well. Wage growth has been minimal for a long time now, but the stock market has exploded at a rate that far exceeds inflation. Those at the top keep much of their worth in the market, so they've fared exceptionally well during Obama's tenure.

The middle class people that have minimal stock market holdings that are greatly impacted by inflation on the other hand, have gained little to nothing.

And the Clintons are right up there at the top. Shoot She was a stock market master even back in the Whitewater days. Bet They made out like bandits even on the Short when others lost millions.

I have little doubt.

I said in another thread a month or so ago that We REALLY need to over-heat this economy and bring some inflation back into it so that the fed can have more room to stimulate the economy in a recession. Slow and steady at 5% is entirely different from slow and steady at 1%.

Having said that, the Fed has essentially engaged in negative interest rates through printing cash, which SHOULD have resulted in a devaluation of the currency/buying power... Instead it has resulted in a windfall for the wealthy and no real effect on most of the economy.

(09-06-2016 01:38 PM)Hambone10 Wrote:  I said in another thread a month or so ago that We REALLY need to over-heat this economy and bring some inflation back into it so that the fed can have more room to stimulate the economy in a recession. Slow and steady at 5% is entirely different from slow and steady at 1%.

Having said that, the Fed has essentially engaged in negative interest rates through printing cash, which SHOULD have resulted in a devaluation of the currency/buying power... Instead it has resulted in a windfall for the wealthy and no real effect on most of the economy.

Probably because every other government on the planet is devaluing their currency at a much greater rate than we are. Its basically a race to the bottom. The good news is that we will get to see other country's going splat when they hit the bottom just prior to us going splat.