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  • Powell: We believe the balance sheet increase has supported the economy

Added at 2:39pm

Added at 2:40pm

Added at 2:41pm

Added at 2:41pm

Powell's last speech I think
Lol. Who here got a warning from their broking regarding high volatility and margin rates ? You know when you get a warning message from you broker there are some big moves coming !!
Could anyone else hear "brrrrrrrrrrrrr" noise during the press conference?
Yup, got a notice from my broker .
"WE BELIEVE THE BALANCE SHEET INCREASE HAS SUPPORTED THE ECONOMY".
Yep, that was the idea.

"Consumer prices remain particularly soft in hard-hit sectors
-Pandemic has left significant imprint on inflation
-Increase in B/S has materially eased financial conditions and is providing substantial support to the economy
-Essential to preserve flow of credit"

In the absence of natural, healthy market and economic corrections/repercussions for over reaching market greed, it seems the US is moving towards utter reliance on this policy to sustain itself.
Re D
Increase in B$
ha...ha...
says it all !

yes and because the inflation of credit is necessary to keep the whole Fiat money ponzi scheme going.
artificially creating money out of thin air simply devalues the existing buying power of pre-existing currency and forces any one with money to buy real asset classes as a hedge,
and not to mention the diversion of this artificial money into speculation on the stock market.

Powell needs to brush up on a few thousand years of monetary history to see the real effect of his "B$"
Only the markets have benighted so far.
  •  Guest
  • | IP XX.XX.169.212
Bitcoin almost 22000???

Soooo oddd ehh
  •  Guest
  • | IP XXX.X.183.68
Let me know when grocery stores stop accepting credit cards
here we go again we believe in cheap dollar hehe
Quoting Guest
Bitcoin almost 22000??? Soooo oddd ehh
Why are you hidding, Not-KPMG? Show your face, MOFO !
We'll track you soon in BG anyway !
UK kicked you out or you are visiting now your stupid mom who was hidding money under the mattress ?

Everywhere you go you bring your bitcoin bullshit, you disgusting pimp
  •  Guest
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