Fed Rate-Cut Dissenters Cite Strong Employment, Financial Risks

Lets call a spade a spade - this was a Trump rate cut and makes no economic sense (from a theoretical perspective). But sometimes (in the real world) some of the most critical decisions made by men reduce to e.g. powerfully placed men needing to keep their jobs and or placate more powerful figures (e.g. a president) and or Presidents needing to guarantee (hopefully) favourable (to them) political outcomes. I come from the third world (not even sure it is not the fifth world) and here its an everyday event insofar as crucial economic decisions are concerned - but we have always assumed (in this part of the world) that such impetus would never exist in first world climes and that institutions (especially CBs) are fully independent. What is more, we used to dream of the day we would see such in our land. But clearly, Trump has shown how not very different the set up is anywhere in the world. I wish them well in the USA but from our experience down here - by the time political terms end, it is usually the masses left carrying the can.

They made the right decision by dissenting we have an asset bubble cutting rates would fuel the bubble then create a crash where the tool set to contain would be limited. The cut made was political the Fed chair is in fear of Trump which means the Fed is no longer independent or outside from politics.

Not just Trump, its the whole political establishment, Dems, Repubs, Indies

to quote peak Prosperity newsletter: ... politically, there’s no appetite for anything other than “More liquidity!” to keep the status quo alive for as long as possible.

How do they dare think!!!

Am not really familiar by how the fed work but shouldn't they be independent , how exactly can politician bully the fed ?

If President Donald Trump announced an additional 10% tariff on $300 billion worth of Chinese imports come Sept. 1, another 25bps September rate cut is expected....

Yes that makes sense. However, by doing so, they will put themselves against the wall and next time they will not have anywhere to go. Then the big crash is inevitable, as the biggest banks will collapse and cause unseen financial earthquake around the world.
I said something similar to this soon after he was elected. This is the only possible outcome when a president runs a country like his own company.
That just doesn’t work. The man is having mental disorders and he managed to create the biggest economical and political chaos in the human history ever. He destroyed almost all economical and political relations between USA and the rest of the world and he isn’t going to stop here as long as he is given the power to do so. Expetts psychologists warned you against his mental condition already during his election campaign.
Fellow Americans, electing a person to become the president of the most powerful country in the world is an event involving BIG BIG responsibility not only for your country, but for the rest of the world too. Thins is not only about what happens during the next 4 or 8 years. The actions of a president during his presidency will impact the future of your kids and of many generations to come..........!!!!!!

Think about this next time!

it seems them pills are not working

I don’t know what brainless idiots like you are still doing in this forum. I have never seen a meaningful comment posted by you. It seems like the purpose of your existence is for you to go always against any logic.

I wish there was a button with a function “Exclude” beside the “Ignore” button. “Ignore” makes your comments invisible to me, while “Exclude” should give me the possibility to prevent you from reading my comments no matter what. You simply do not deserve all the valuable input that you get here, while you only exist like a parasite and posting bullshit.

I suggested this upgrade to the administrators and I sincerely hope they can program this feature before all the good people and professionals are gone from this forum because of idiots like you.

i never saw a post by you mate to be objective but thats me , ignore is good please dont hurt me to much because the market opens a t 7 am and i have so much talent for trading not politics may be gap on gold to look at as you are aware forex factory is one of the best forums to be on for trading

The truth is - today’s political situation and political events impact the forex trading to a degree that you just can’t Ignore. And the most credit for that goes to Trump and it’s a fact that you cannot deny. Forex trading is supposed to be exposed to political events but not at the magnitude where Trump wants it to be.
So please get serious about yourself and respond with reasonable comments when you want to participate in a discussion instead of throwing annoying extremists and hoping for a sensation.

Good luck with the market’s opening!

Very strange, I said the market would sell off on the 31st July, I posted it on FF before the 31st so no one could call me a liar. We have two possible scenarios now first the market will turn on the 4/5th August, because the cycle came in on Saturday the 3rd, then we have a push up, depending where it pushes up to will accurately tell me where we are going next. I know that this move up will only last 3 or 4 days but the move is worth at least 700 points on the SP500. In my trading room I have informed my members exactly how to position themselves for this move. In fact all of them caught the big move on the 31st, one of my members said that one move alone paid for 3 months membership of my trading room.

I wish you all good luck in your trading, if you are reading this article it seems you would appear to be looking for answers in the news, by the time you have seen the news the move will already have happened, and you might as well not bother.

Very strange, I said the market would sell off on the 31st July, I posted it on FF before the 31st so no one could call me a liar. We have two possible scenarios now first the market will turn on the 4/5th August, because the cycle came in on Saturday the 3rd, then we have a push up, depending where it pushes up to will accurately tell me where we are going next. I know that this move up will only last 3 or 4 days but the move is worth at least 700 points on the SP500. In my trading room I have informed my members exactly how to position themselves for this move. In fact all of them caught the big move on the 31st, one of my members said that one move alone paid for 3 months membership of my trading room.


https://www.screencast.com/t/5lMrBq9T

I wish you all good luck in your trading, if you are reading this article it seems you would appear to be looking for answers in the news, by the time you have seen the news the move will already have happened, and you might as well not bother.

Can you list all the unfair and ilogical things Trump is doing? Or is it fair that other countries have tariffs on US products, but US can't do the same? Why? Because everyone is used to it?

Do you have any idea how governments run countries if you say you can't run it like a company? If you run a company, you are trying to be efficient, save as much money as possible. And how do normal governments do it? Did you ever see a government order? How money is spent there? They have no problem to order 10000 ipads and pay $1500 for each, even though its worth $500, the other $1000 is shared between them as profit. Thats how they handle our money. Thats why we have to pay 30-60% in taxes. If a country would run efficiently, without overspending, without stealing and corruption, 10% tax would be enough for everything, even free healtcare. If you do not mind regular politicians stealing your money, because they run the country so well, it doesn't mean we all don't mind.

Then they complain about car tariffs, check this out and OnlineAddict thinks America is a victim hahaha OMG you really can brainwash vulnerable people anyway you like.

barkie

"Boris negotiation strategy is basically killed here (before he even gets appointed as a PM, can you imagine !).

These are really a hopeless bunch pffff this must be the weakest EU opponent ever, so boring.
1 "


Yes some very naive people

You just confirmed that my decision to put you on Ignore was right
You are absolutely clueless person. I hope newbies stay away from you.

Huh? When I buy a car in the US and want to import it to EU, I have to pay extra. The other way around, from EU to US I don't have to pay nothing. Thats real life world, dude, not your useless bars and statistics. US is not the victim by any means, but the real hellhole is the EU, not the US, even though I would prefer not to live in either of them, because there are much better places in the world to be in.

Someone posts a factual and intelligent post like this from NZ forenz exc

1: The UK along with all existing members of the EU lose their abstention veto in 2020 as laid down in the Lisbon Treaty when the system changes to that of majority acceptance with no abstentions or veto’s being allowed.
2: All member nations will become states of the new federal nation of the EU by 2022 as clearly laid out in the Lisbon treaty with no exceptions or veto’s.
3: All member states must adopt the Euro by 2022 and any new member state must do so within 2 years of joining the EU as laid down in the Lisbon treaty.
4: The London stock exchange will move to Frankfurt in 2020 and be integrated into the EU stock exchange resulting in a loss of 200,000 plus jobs in the UK because of the relocation. This has already been pre-agreed and is only on a holding pattern due to the Brexit negotiations, which if Brexit does happen the move is fully cancelled but if not and the UK remains a member it’s full steam ahead for the move.
5: The EU Parliament and ECJ become supreme over all legislative bodies of the UK.
6: The UK will adopt 100% of whatever the EU Parliament and ECJ lays down without any means of abstention or veto, negating the need for the UK to have the Lords or even the Commons as we know it today.
7: The UK will NOT be able to make its own trade deals.
8: The UK will NOT be able to set its own trade tariffs.
9 The UK will NOT be able to set its own trade quotas.
10: The UK loses control of its fishing rights
11: The UK loses control of its oil and gas rights
12: The UK loses control of its borders and enters the Schengen region by 2022 as clearly laid down in the Lisbon treaty
13: The UK loses control of its planning legislation
14: The UK loses control of its armed forces including its nuclear deterrent
15: The UK loses full control of its taxation policy
16: The UK loses the ability to create its own laws and to implement them
17: The UK loses its standing in the Commonwealth
18: The UK loses control of any provinces or affiliated nations e.g.; Falklands, Cayman Islands, Gibraltar ect
19: The UK loses control of its judicial system
20: The UK loses control of its international policy
21: The UK loses full control of its national policy
22: The UK loses its right to call itself a nation in its own right.
23: The UK loses control of its space exploration program
24: The UK loses control of its Aviation and Sea lane jurisdiction
25: The UK loses its rebate in 2020 as laid down in the Lisbon treaty
26: The UK’s contribution to the EU is set to increase by an average of 1.2bn pa and by 2.3bn pa by 2020
PROBABLE WORST-CASE OUTCOMES
1: The UK will become nothing more than a vassal protectorate state
2: With the continuation of freedom of movement, the population of the UK will continue to grow at a rate higher than pre-referendum level ranging between 400,000 to 675,000 per annum.
2.1; Which will result in not just wage suppression but even wage depression.
2.2; More than 500,000 new homes to be built annually (We are currently only managing 125,000)
2.3; House prices and rents will skyrocket annually by 23%
2.4; Class sizes in schools would have to increase by 50% if not even double
2.5; The NHS will become solely an emergency service of care provider as they would no longer be able to cope with the numbers of people needing care other than those of emergency.
2.6; GP’s will become triage centres
2.7; Public transport will become permit holders use only
2.8; Only those that did a serious crime namely murder will be given a custodial sentence
2.9; The Court system becomes fully overrun to the point extreme cases only being heard and the rest being given an automatic fine
2.10; Emergency services collapsing for not being able to cope with the scale of things
2.11; Social care becoming solely private social care for those who can afford it.
2.12; Homelessness to increase by over 28% annually
2.13; Unemployment to increase annually by 37%
2.14; The Benefit system to collapse fully to the point of the return of soup kitchens and even workhouse existence
2.15; Crime to increase by over 59% annually
2.16; Shanty towns to become the norm standard of housing
3: Because the UK would no longer be able to make its own trade deals, nor control its tariffs or quotas, Food prices would increase by over 25% and the cost of living would go up by over 39%
4: Because the UK would lose its oil and gas rights it would also lose the revenue from taxation on them, resulting in a loss of over 600 billion per year in taxation revenue
5: Because the UK will become a member state its percentage share of the vote on any new laws, regulations, treaties and everything else is at current member numbers 3.57% of the vote. That’s right folks the UK say in the EU if it was to remain a member is 3.57% total


and some naive people comment about bananas

What intellect

Why don't all the UK bashers consider the above post . There is a lot of fact . Some assumption I agree but this is coming the way of every EU citizen .

Yes barkie even for NL . I bet you can't wait .

I'm sure Ross will be along soon enough

LOL Import a light truck from the US to the EU and you pay a 25 percent tariff mate, that's right a whopping 25 PERCENT !! That's 15 percent more than the other way around.

Now its SNB's turn, c'mon Swisses!

you to mate , lets get the money before the brokers

That long litany posted above by Vancarbon has long been circulating the internet, going viral to the point where it has been officially fact checked. See: https://fullfact.org/europe/viral-li...-treaty-wrong/

Particularly one item in it that is quite relevant to trading (albeit not forex/CFD trading):

"The London Stock Exchange (LSE) and Deutsche Börse (its German equivalent) announced in February 2016 that they had proposed a merger to combine their activities. (This merger was not set out in, or related to, the Lisbon Treaty.)

However the merger was blocked by the EU in March 2017, on the grounds that it risked creating a monopoly.

Under the terms of the proposal, the two businesses would have continued to operate under their existing brand names and would not have merged into an “EU stock exchange”—nor does any such stock exchange exist. There was discussion of some level of job losses as a potential result of the merger, but nothing close to the 200,000 scale, and the LSE denied that there was any planned relocation to Frankfurt.

Separately, in January 2017, Xavier Rolet, the Chief Executive of the London Stock Exchange, told a committee of MPs that over 200,000 UK jobs—across the country—could be at risk if the terms of Brexit meant financial “clearing” jobs had to leave the UK. This was not linked to the proposed merger with Deutsche Börse, and was explicitly spoken of as a possible result of Brexit, rather than a result of staying in the EU."

Turning the facts at 180 deg around and blaming EU for the opposite it actually did - this is a perfect example of Brexit pile of bovine excrement. So "factual and intelligent" indeed.

One can really wonder what Vancarbon is doing here. I mean, chill, mate. "You" won. "You" got your referendum, "you" won it, now that "closeted remainer" May is out, the good boy Boris is in, parliament can't stop him from no deal on Oct 31, noone in EU is moving their finger to stop him either. All is hunky-dory. Why so serious?

I'm here for the same reason as you my old "Belgium buddy"

Likewise there's more truth than fiction in that document

What's your take on a Federal Europe oh chilled one ?

No need to paraphrase i know you're chatting with me

I've posted the link to the fact check site. There everyone can take a look and make up their own mind.

The answer to both questions is yes.

Is that a "yes" for your own personal view on a Federal Europe

https://www.independent.co.uk/news/world/europe/eu-brexit-united-states-of-europe-martin-schulz-angela-merkel-coalition-spd-cdu-german-elections-a8097356.html