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  • The Fed is trying to 'fight a ghost' as recession fears mount, investor says

    From cnbc.com

    As a global market sell off continues amid fears of a looming U.S. recession, the Federal Reserve may have little room for manoeuvre, investor Cole Smead warned Monday. Smead, who is CEO of Smead Capital Management, told CNBC that the Fed is still attempting to combat the after effects of bumper fiscal stimulus, which have made it difficult to accurately gauge the state of the economy. “The Fed is trying to fight a ghost in some respects. The ghost is a massive amount of federal spending on deficit, 7% of U.S. GDP, and it’s very hard to counteract a problem like that, that you didn’t create,” Smead told ... (full story)

There was never a Ghost... ya'll sitting around and drink too much, then you "believe" that you escaped a Recession... in real life, we have been in a recession... you just now realize it... The story hasn't changed... You just woke up dude!
@hotaggie98, you think market will chash some more, like gold, stocks... and this will take about some time? Would be glad if you share some view
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    Fed's Goolsbee: if economy deteriorates, the Fed will fix it

    From @DeItaone|Aug 5, 2024|9 comments

    post: FED'S GOOLSBEE: IF ECONOMY DETERIORATES, THE FED WILL FIX IT post: BREAKING: FED'S GOOLSBEE, WHEN ASKED ABOUT AN EMERGENCY CUT: EVERYTHING IS ALWAYS ON THE TABLE INCLUDING RAISES AND CUTS. post: FED'S GOOLSBEE: IF WE ARE NOT OVERHEATING, WE SHOULD NOT TIGHTEN OUR RESTRICTIVENESS IN REAL TERMS || SAYS WE SHOULD RESPOND TO CONDITIONS ON THE BROAD THROUGH LINE; INFLATION IS WAY DOWN AND EMPLOYMENT IS AT RELATIVELY DECENT SPOT post: FED'S GOOLSBEE: THE FED'S JOB IS NOT TO REACT TO ONE MONTH'S NUMBERS ON JOBS. post: FED'S GOOLSBEE: IF THE STOCK MARKET MOVES GIVES THE FED INDICATION OVER A LONGER-ARC THAT WE ARE LOOKING AT DECELERATION IN GROWTH, WE SHOULD REACT TO THAT.

    Fed's Goolsbee: Jobs number were weaker than expected but not looking yet like recession

    From @DeItaone|Aug 5, 2024|1 comment

    post: FED'S GOOLSBEE: JOBS NUMBER WERE WEAKER THAN EXPECTED BUT NOT LOOKING YET LIKE RECESSION post: FED'S GOOLSBEE: YOU ONLY WANT TO BE THAT RESTRICTIVE IF THERE IS FEAR OF OVERHEATING; DATA DOES NOT LOOK LIKE ECONOMY IS OVERHEATING FED'S GOOLSBEE: FED HAS BEEN IN A RESTRICTIVE POSTURE - CNBC post: FED'S GOOLSBEE: WE MUST BE A LITTLE CAREFUL OVERCONCLUDING ABOUT THE JOBS REPORT. post: FED'S GOOLSBEE: ECONOMIC GROWTH CONTINUES AT A STEADY LEVEL. post: FED'S GOOLSBEE: ON THE OTHER SIDE, THE GDP NUMBER WAS A BIT STRONGER THAN EXPECTED.

    Risks to Financial Stability Fan Speculation of Emergency Rate Cuts

    From marctomarket.com|Aug 5, 2024

    The Black Monday talked about over the weekend has materialized. Japanese equity indices more than 12% today. The Nikkei is off around 26.5% form the high set on July 11. Taiwan ...

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  • Posted: Aug 5, 2024 8:57am
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     Newsstand
    Category: Fundamental Analysis
    Comments: 2  /  Views: 4,399

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