"Few unemployable boys never had any jobs, because they got neither education nor ethics to be employed."
tha'ts good....thanks for the continual entertainment.
tell me, after the chinese devaluation, do you think there will be a rate hike this year, and if not, will it impact the credibility of the fed?
great poetry must stand the test of time...it must resonate..and hopefully make sibbles heads explode..lol...etc.
there once was a sibble all harried
on the nem board where it tarried
it used this forum
to blame santorum
for the delay in its getting married...
there once was a sibble so gay
it couldn't find nothing to say
so it licked itself like a dog
and barked "i'm such a smart w - g
i know every yank holiday!!
if you're not on margin...you can't get margin calls. that's how it works.
like mckinley morganfield (mud to you) used to sing...you can't lose what you never had...so if you never slept on momma's sofa, you can't go back to doing so....
which is good. unlike for you, for me that wouldn't be in palos verdes.
stay off those skinhead sites....even a hacker boob like you could get infected....and try the meatloaf!
but not just stuck on stupid, but stuck on its permanent adolescence....
it's stuck on boring.
so boring that chuck norris fell asleep reading it...while drinking coffee!!
than a sibble's post politics?
a sibble's post on it's love life, or imaginary "love life".
what more boring than the sibble's imaginary "love life"?
i don't read huffpo either, unless the article is in zero hedge.
the point i got from that article was not on whether the fed has positive or negative effects on the economy, it's that the fed has in effect bought off the economics profession, resulting in a situation were in the author's words
“The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession"
in this situation, independent investors like yourself can no longer rely in the economics profession for intellectual independence...or integrity.
do you see the problem? if it's as serious as the author says...one might even have to consider reading zero hedge, no?
"I don't read zerohedge"
how about huffpo? this article even quoted paul krugman, though i couldn't fit it. would be interested in the opinion of an "independent" investor...
How The Federal Reserve Bought The Economics Profession
The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found.
This dominance helps explain how, even after the Fed failed to foresee the greatest economic collapse since the Great Depression, the central bank has largely escaped criticism from academic economists. In the Fed's thrall, the economists missed it, too.
"The Fed has a lock on the economics world," says Joshua Rosner, a Wall Street analyst who correctly called the meltdown. "There is no room for other views, which I guess is why economists got it so wrong."
One critical way the Fed exerts control on academic economists is through its relationships with the field's gatekeepers. For instance, at the Journal of Monetary Economics, a must-publish venue for rising economists, more than half of the editorial board members are currently on the Fed payroll -- and the rest have been in the past.
The Fed failed to see the housing bubble as it happened, insisting that the rise in housing prices was normal. In 2004, after "flipping" had become a term cops and janitors were using to describe the way to get rich in real estate, then-Federal Reserve Chairman Alan Greenspan said that "a national severe price distortion [is] most unlikely." A year later, current Chairman Ben Bernanke said that the boom "largely reflect strong economic fundamentals."
The Fed also failed to sufficiently regulate major financial institutions, with Greenspan -- and the dominant economists -- believing that the banks would regulate themselves in their own self-int
thank you for the answer, i'm surprised that you are familiar and were apparently invested at lest since 99.
yoohoo doesn't like links, but would be interested in your opinion of article on zero hedge, posted today, headlined:
"Asia Crisis, Tech Bubble Burst, Lehman"... And Today"
" try to read the whole message. If you can, of course."
i know what you mean, you've been a real chatty cathy here, it's petty time consuming to read them all. but it's the weekend...
how old are you jaz? i don't expect you to admit you're employer, or place of birth, but hopefully you don't mind discussing your age. i ask because you talk a lot about experience in the markets, but it's hard to believe you're much older than the average grad student...27?
"A real investor can get more valuable information by knowing and following mainstream economic data. Most people do it."
thx, that's good.
most people follow mainstream media for financial advice....and they all have returns above average.
like the children of lake woebegone.
what could possibly go wrong?
...what's not to like for the nem board sibbles?
Brazil's Economy Slides Into Depression, And Now Olympians Will Be Swimming In Feces
Submitted by Tyler Durden on 07/30/2015 - 15:55
Athletes in next year's Summer Olympics here will be swimming and boating in waters so contaminated with human feces that they risk becoming violently ill and unable to compete in the games. An AP analysis of water quality revealed dangerously high levels of viruses and bacteria from human sewage in Olympic and Paralympic venues — results that alarmed international experts and dismayed competitors training in Rio, some of whom have already fallen ill with fevers, vomiting and diarrhea.