Tag: Great Recession
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The Fed can’t save the rest of us
It’s tempting to say there are four branches of government. In addition to the Executive, Legislative and Judicial branches, there is effectively a fourth branch of government: the Federal Reserve. Often called the Federal Reserve Bank, it’s not a bank at all. You can’t deposit money into it, withdraw money from it or take out…
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The stock market is in a sugar high so expect another sell off
Retirement leaves me with a lot of surplus time, time I manage to fill reasonably well with consulting and other activities. But there is still plenty of time for leisure. Instead of watching Netflix, I tend to watch YouTube. Since the pandemic, recession and the election are in, I watch a lot of videos with…
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The Fed is doing some very alarming stuff
Should you care about the Federal Reserve? Sometimes called the Federal Reserve Bank (it’s not a real bank), but generally just “The Fed”, the Fed basically controls our money supply. It does this with virtually no oversight by those who ultimately hold the bag when it makes mistakes: us taxpayers. I am most alarmed by…
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It’s time for a jubilee
Seems like our world is going to hell in a corona basket. I remember at the end of 2019 all my friends were saying they were never so glad to see a year end. 2019 was a miserable year. Now, most of us would prefer to be back to 2019. A recession that looks like…
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The wizards of Wall Street are no wizards
During our recent cruise, we at least got grainy MSNBC satellite TV. When I watched it, I watched the stock market yo-yo back and forth pretty much every day: the DJIA down a thousand one day, and it would often recover it the next day. The general trend though was down, a lot. In a…
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Am I a financial genius?
My recent post I’m betting on a recession didn’t get a lot of reads. There was no reason it should because I was just some nobody opining that a recession was imminent who decided to make a six-figure decision to lessen the impact if it happened. We won’t know officially if we’re in a recession…
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I’m betting on a recession
In a recent post, I suggested leading a logical life. It’s logically the logical thing to do. Of course, it’s hard to say what is logical, as there is a lot of murkiness in the world. To deal with the murkiness, sometime toward my late forties I hired a financial adviser who gave me all…
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A soaring stock market means little
Donald Trump is hoping to win reelection based on the soaring stock market. Good luck with that. A soaring stock market doesn’t hurt, but these days a soaring stock market amounts to more evidence that more income is being redistributed toward the wealthy. Why is that? It’s because you have to be relatively wealthy to…
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The negatives of negative interest rates
Donald Trump wants the Federal Reserve to drop interest rates to zero or to even allow them to go negative. It’s pretty obvious why: so he can avoid being at the wheel if a recession inconveniently hits before Election Day. He’s clearly freaking out about the election still more than a year away, as also…
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Here’s why the improved economy means so little
The stock market is reaching record highs again, which make us moneyed people woozy. I’m modestly including myself here although I’m not that well moneyed. But I am retired on a nice pension with plenty of assets to draw on should things go south. The Dow Jones Industrial Average passed 27,000 yesterday and closed for…
Occam's Razor 