The Federal Reserve Meets the Land of Oz
- Thread starter ttystikk
- Start date
UncleBuck
Well-Known Member
because your little racist buddy nodrama got so mad about how big of a dipshit i consistently showed him to be, and then you guys all shared doxxing information in private message in violation of site rules.
at least when i doxxed desert dude i did it publicly so everyone would know he was a cop.
Wrong. Nice meltdown though.
twostrokenut
Well-Known Member
Dammit! lol thanks.
What does no drama have to do with it? You forward my PMs to you..to him? I didn't think you were friends.
Well then, make it right and tell the truth.
Bugeye
Well-Known Member
Thank you for inviting my comments, that is a first for me! It's been nearly 30 years since I studied monetary policy and I never worked in banking so my thoughts on your article are probably not that valuable. I was neck deep in corporate finance with a Fortune 500 company for about a decade before giving in to my misery and going into the mom and pop biz I happily run now.
There was a time when I thought Greenspan was so brilliant that he had figured out how to steer the economy away from major corrections and keep us on a smooth growth path. Now I think he was pretty lucky in many respects and benefited from new emerging markets that were really the secret to prolonged steady growth, until the internet bubble finally burst. But his luck created hubris, and the Fed started to pull too many levers too often to micromanage an economy that just needed to correct, a traditional business cycle if you will.
Back when I studied Keynsian economics, I recall that deficit spending for managing downturns was supposed to be preceded by gathering surplus revenues during up swings, something we never really managed to do, certainly Clinton came the closest, driven by Newt and a massive internet bubble. But with each failed Bush stimulus package following 9/11, it seemed to me we were just digging ourselves into a deeper hole. We just kept trying the same trick (however good intentioned) to bring back growth even though it had not worked of late. Maybe it didn't work because the stimulus was not big enough! This thought seemed to be Obama's starting point, and perhaps Trumps as well.
So now I think we are at a point where the Fed is sorta stuck. Raising interest rates too much will blow up our debt levels with interest and they will have to print more money and devalue the dollar even more. But without raising it, they are gumming up the works (no incentive to deposit into savings accounts) and I think this is working to the detriment of the middle class. I see something of a gap in the money supply available to small businesses based on my experiences in that world the last 12 years or so.
Six or seven, maybe eight years ago, I could get a fairly large loan for my biz at about 9 or 10% interest, with the fed rate near 0. Probably a fair rate given the size and risk profile of my small small biz. These days the fed rate is still near zero and I am doing good to find a much smaller loan at 14 or 15%. My credit worthiness is more or less the same, I've never missed a payment or defaulted on anything. Our margins are thin enough that I could do something with money at 10% but at 15% the loan does me no good. I see a lot of other small businesses (my customers) in the same boat. All this while the big guys can get there capital at next to nothing. So naturally there is a squeeze being put on the smaller businesses who need working capital but don't have the options of the bigger guys.
Sorry, this is getting too long. I plead guilty to confirmation bias on my thoughts. Happy Sunday and good vibes to all!
1+1 still equals 2. 1+0 still equals 1 but when you need to get to 2?Thank you for inviting my comments, that is a first for me! It's been nearly 30 years since I studied monetary policy and I never worked in banking so my thoughts on your article are probably not that valuable. I was neck deep in corporate finance with a Fortune 500 company for about a decade before giving in to my misery and going into the mom and pop biz I happily run now.
There was a time when I thought Greenspan was so brilliant that he had figured out how to steer the economy away from major corrections and keep us on a smooth growth path. Now I think he was pretty lucky in many respects and benefited from new emerging markets that were really the secret to prolonged steady growth, until the internet bubble finally burst. But his luck created hubris, and the Fed started to pull too many levers too often to micromanage an economy that just needed to correct, a traditional business cycle if you will.
Back when I studied Keynsian economics, I recall that deficit spending for managing downturns was supposed to be preceded by gathering surplus revenues during up swings, something we never really managed to do, certainly Clinton came the closest, driven by Newt and a massive internet bubble. But with each failed Bush stimulus package following 9/11, it seemed to me we were just digging ourselves into a deeper hole. We just kept trying the same trick (however good intentioned) to bring back growth even though it had not worked of late. Maybe it didn't work because the stimulus was not big enough! This thought seemed to be Obama's starting point, and perhaps Trumps as well.
So now I think we are at a point where the Fed is sorta stuck. Raising interest rates too much will blow up our debt levels with interest and they will have to print more money and devalue the dollar even more. But without raising it, they are gumming up the works (no incentive to deposit into savings accounts) and I think this is working to the detriment of the middle class. I see something of a gap in the money supply available to small businesses based on my experiences in that world the last 12 years or so.
Six or seven, maybe eight years ago, I could get a fairly large loan for my biz at about 9 or 10% interest, with the fed rate near 0. Probably a fair rate given the size and risk profile of my small small biz. These days the fed rate is still near zero and I am doing good to find a much smaller loan at 14 or 15%. My credit worthiness is more or less the same, I've never missed a payment or defaulted on anything. Our margins are thin enough that I could do something with money at 10% but at 15% the loan does me no good. I see a lot of other small businesses (my customers) in the same boat. All this while the big guys can get there capital at next to nothing. So naturally there is a squeeze being put on the smaller businesses who need working capital but don't have the options of the bigger guys.
Sorry, this is getting too long. I plead guilty to confirmation bias on my thoughts. Happy Sunday and good vibes to all!
Until the wealthy start paying their fair share and stop shifting the burden onto middle class..none of this will change.
A good life now is, can you afford to go to the doctor and pay for your medicine (and looking forward to it)?..not buying the new car or other item that keeps it all (the economy) going round.
When there is no money to be spent; you get what we have now.
Until this changes; nothing will.
I'm making a personal commit for 2017(and a change, my change since you won't)..shop cheap and fuck the small business man..I'm not helping you anymore, because you're here (at RIU) and telling me how you vote right.
Enjoy your political status (and your lack of customers)!
Edit: I feel like having pizza for lunch..will I call the local pizza place?..nope (I used to), I'm going to Walmart and picking up a CHEAP pie!!!..they even have HOT pies for $5..I can't tell you how good this feels..the pie may not be as good, but the money in my pocket feels GREAT because I'm no longer ALLOWING the shift!!!
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twostrokenut
Well-Known Member
"Both institutions need to start thinking about someone besides the financial community."
The recent rate "hike" was 1/4 % bringing it to 0.5% Greenspan back in 01' during panic and crisis dropped it to 1%. Yet here we are at .5% with pure confidence in employment and economic vitality.
The Fed is posturing.
Stuck indeed.Thank you for inviting my comments, that is a first for me! It's been nearly 30 years since I studied monetary policy and I never worked in banking so my thoughts on your article are probably not that valuable. I was neck deep in corporate finance with a Fortune 500 company for about a decade before giving in to my misery and going into the mom and pop biz I happily run now.
There was a time when I thought Greenspan was so brilliant that he had figured out how to steer the economy away from major corrections and keep us on a smooth growth path. Now I think he was pretty lucky in many respects and benefited from new emerging markets that were really the secret to prolonged steady growth, until the internet bubble finally burst. But his luck created hubris, and the Fed started to pull too many levers too often to micromanage an economy that just needed to correct, a traditional business cycle if you will.
Back when I studied Keynsian economics, I recall that deficit spending for managing downturns was supposed to be preceded by gathering surplus revenues during up swings, something we never really managed to do, certainly Clinton came the closest, driven by Newt and a massive internet bubble. But with each failed Bush stimulus package following 9/11, it seemed to me we were just digging ourselves into a deeper hole. We just kept trying the same trick (however good intentioned) to bring back growth even though it had not worked of late. Maybe it didn't work because the stimulus was not big enough! This thought seemed to be Obama's starting point, and perhaps Trumps as well.
So now I think we are at a point where the Fed is sorta stuck. Raising interest rates too much will blow up our debt levels with interest and they will have to print more money and devalue the dollar even more. But without raising it, they are gumming up the works (no incentive to deposit into savings accounts) and I think this is working to the detriment of the middle class. I see something of a gap in the money supply available to small businesses based on my experiences in that world the last 12 years or so.
Six or seven, maybe eight years ago, I could get a fairly large loan for my biz at about 9 or 10% interest, with the fed rate near 0. Probably a fair rate given the size and risk profile of my small small biz. These days the fed rate is still near zero and I am doing good to find a much smaller loan at 14 or 15%. My credit worthiness is more or less the same, I've never missed a payment or defaulted on anything. Our margins are thin enough that I could do something with money at 10% but at 15% the loan does me no good. I see a lot of other small businesses (my customers) in the same boat. All this while the big guys can get there capital at next to nothing. So naturally there is a squeeze being put on the smaller businesses who need working capital but don't have the options of the bigger guys.
Sorry, this is getting too long. I plead guilty to confirmation bias on my thoughts. Happy Sunday and good vibes to all!
The recent rate "hike" was 1/4 % bringing it to 0.5% Greenspan back in 01' during panic and crisis dropped it to 1%. Yet here we are at .5% with pure confidence in employment and economic vitality.
The Fed is posturing.
Bugeye
Well-Known Member
I have no idea what you mean by "fair share", care to toss out a number?
You know exactly what I'm talking about..you're not one of the stooges and I don't need to explain it.
I'm not going to discuss members personal info on the open forum. Other than to say, Buck was sloppy and it lead to you.
That is the truth.
londonfog
Well-Known Member
@schuylaar consider the source that is telling you this. Snitch Snitch Ratty Rat. Be careful with this guy.
So tell me, how is it that everyone knows Sky's name?
You run around making all these claims and yet you don't have a shred of evidence to back any of them up. Talk about "considering the source".
You're a bitter old man who got trolled by sheskunk and you'll NEVER get over it. I'm in your head, FOREVER. hahhahahahha
londonfog
Well-Known Member
If you say so Mr Snitch. Are you not the one who first checked IP addy to see who was who when you had mod powers.
If you think to rejoin a weed site after just being release out of prison, to troll as a racist fat chick is funny, productive or cool , then so be it. How old are you again ?
Are you ever going to tell how the undercover fooled you into trying to sell pounds and pounds out of state ? Did he smell you smoking at the lake and said "that smells loud". In which you replied " I'm the man I always wanted to be. I grow pounds and pounds. I have my wife and her sister chained in the house, just trimming away. Cool Illinois shirt "
ttystikk
Well-Known Member
I will; higher incomes, capital gains and other forms of income must be taxed at the same rate as the highest hourly wages. No 'wealth benefit'.
If gains from investments are put back into another investment, that's fine.
It should be just as easy to invest with one's salary or wages and get a tax deferral, as well.
In other words, corporations pay at least the same taxes as their employees. I see this and only this as 'fair'.
IP addresses don't tell you people's names.
My mod powers never gave me access to IP addresses.
@UncleBuck got sloppy and led a trail of breadcrumbs to his personal info which led to @schuylaar .
It's a pretty simple chain of events. Wasn't really hard to do. Keep on with your conspiracy though. You've got nothing better to do.
Bugeye
Well-Known Member
I understand the sentiment! I'm for tweaking tax codes to maximize revenue collections, because we need to get our debt paid down. I'd like to see our debt load held to no more than 80% of GDP, but it will be very difficult to get back to that level now. I think we may be past the theoretical spot on the laffler curve where decreased tax rates increase tax collections like under Kennedy and Reagan.
They just need to rip the Band-Aid off..