Message from @4AM_critter 🐉

Discord ID: 527610407330775070


2018-12-26 22:09:07 UTC  

as in he avoided confronting actual problems

2018-12-26 22:09:33 UTC  

The fed also kept interest rates low thruout his entire term but for some reason started raising it under trump

2018-12-26 22:10:14 UTC  

that is a normal response to a stabalizing situation

2018-12-26 22:10:22 UTC  

This is the 3rd time that the 'Trump economy' was proclaimed.

2018-12-26 22:10:33 UTC  

Every time it kept improving again, and it went back to the 'Obama economy'.

2018-12-26 22:10:39 UTC  

There is no evidence, only ideology.

2018-12-26 22:10:52 UTC  

if the stocks are spazzing the fuck out its not generally a good thing

2018-12-26 22:11:08 UTC  

its not like the surge today has as yet even absorbed the losses over the last month or so

2018-12-26 22:11:09 UTC  

its good for some people

2018-12-26 22:11:14 UTC  

and it would not be a particularly good thing even if it did

2018-12-26 22:11:21 UTC  

its still volatility

2018-12-26 22:11:23 UTC  

its bad for others

2018-12-26 22:12:00 UTC  

I see it like rolling some dice and seeing where everything is laid out

2018-12-26 22:12:46 UTC  

and if its stable then we are using loaded dice

2018-12-26 22:13:09 UTC  

im not sure how the instability is in any way desirable

2018-12-26 22:13:24 UTC  

its just randomly dicking over some and unexpectedly helping a few who happened to sell at the right time

2018-12-26 22:13:37 UTC  

stock value gets used for actual things right now

2018-12-26 22:13:43 UTC  

it spazzing around messes with peoples retirement funds and shit

2018-12-26 22:14:54 UTC  

Thing is, isnt most stock like 90% traded based on an algorithm?

2018-12-26 22:15:17 UTC  

This article explains why the FED rate makes the stock market go down
<https://www.investopedia.com/investing/how-interest-rates-affect-stock-market/>

2018-12-26 22:15:23 UTC  

https://cdn.discordapp.com/attachments/398858182455459853/527610407330775067/image0.png

2018-12-26 22:15:35 UTC  

Its not like most are deciding to buy now because its good

2018-12-26 22:15:43 UTC  

And it is summed up in this google search too

2018-12-26 22:17:11 UTC  

i mean the fed is usually just trying to stabalize the dollar and such

2018-12-26 22:17:24 UTC  

sell bonds to take money out of circulation, pumping up dollar

2018-12-26 22:17:41 UTC  

Can Trump fire the Fed?

2018-12-26 22:17:43 UTC  

turn off bond faucet et cetera

2018-12-26 22:17:50 UTC  

afaik not really

2018-12-26 22:17:56 UTC  

removing the whole fed isnt really desirable anyways

2018-12-26 22:18:05 UTC  

Who is the Fed accounted by?

2018-12-26 22:18:08 UTC  

it would just untether the dollar and possibly fuck everything over as we go the way of the ruble

2018-12-26 22:18:20 UTC  

if i remember right the government as a whole more than just the president

2018-12-26 22:18:33 UTC  

its relatively difficult to get rid of them so that a politician having a panic attack cant quickly throw them under the bus

2018-12-26 22:18:46 UTC  

But if the whole government wants to fire them can they?

2018-12-26 22:19:10 UTC  

Like if they really wanted to can they just say no?

2018-12-26 22:19:18 UTC  

and keep their job

2018-12-26 22:19:59 UTC  

they can destroy the whole federal bank if they really want to

2018-12-26 22:20:15 UTC  

it would afiak mainly just amount to removing the laws that brought it into existence

2018-12-26 22:20:29 UTC  

this would notably probably do a lot of damage to the banking system, which relies on them quite a lot

2018-12-26 22:20:46 UTC  

which is not really desirable if you like having valuable money

2018-12-26 22:21:14 UTC  

or an economy where its possible to do things like get a loan for a car or a house