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Fed raises interest rates; Dow soars 224 points

Bugsy McGurk

Bugsy McGurk

President
Wish I had a buck for every time a winger predicted a market crash as soon as the Fed raised interest rates.

Wingers: Always wrong. Always.

;-)
 
Lukey said:
Yay!

http://www.usatoday.com/story/money...ready-rising-but-savers-rates-arent/77441588/
Click to expand...

They gotta get the money for the increased regulation somewhere. Only a liberal as dumb as Bugsy would think when you raise the cost of doing business by X, the business owner will throw his hands up and cry how his profit is going down by X from now on, immediately driving home to tell his wife and kids it won't be such a great Christmas.

As for the market rising, I think it's quite simple. Everyone with an IQ higher than Bugsy (I know I'm setting the bar pretty low) realizes the market hates uncertainty. After so many threats to raise rates, so much hemming, hawing and indecision by the Yellen cartel, clearly the market was relieved a decision was finally made.

I suspect Bugsy isn't bright enough to understand predictions made a year or more ago with more recent predictions. Eh, it's more likely the usual dishonesty from him.
 
The Thinker said:
They gotta get the money for the increased regulation somewhere. Only a liberal as dumb as Bugsy would think when you raise the cost of doing business by X, the business owner will throw his hands up and cry how his profit is going down by X from now on, immediately driving home to tell his wife and kids it won't be such a great Christmas.

As for the market rising, I think it's quite simple. Everyone with an IQ higher than Bugsy (I know I'm setting the bar pretty low) realizes the market hates uncertainty. After so many threats to raise rates, so much hemming, hawing and indecision by the Yellen cartel, clearly the market was relieved a decision was finally made.

I suspect Bugsy isn't bright enough to understand predictions made a year or more ago with more recent predictions. Eh, it's more likely the usual dishonesty from him.
Click to expand...

Translation: Sure, we wingers were wrong when we predicted the markets would crash when the Fed raised rates. But, hey, we always have our dittoing to salve our wounds, right pal?

;-)
 
The Thinker said:
They gotta get the money for the increased regulation somewhere. Only a liberal as dumb as Bugsy would think when you raise the cost of doing business by X, the business owner will throw his hands up and cry how his profit is going down by X from now on, immediately driving home to tell his wife and kids it won't be such a great Christmas.

As for the market rising, I think it's quite simple. Everyone with an IQ higher than Bugsy (I know I'm setting the bar pretty low) realizes the market hates uncertainty. After so many threats to raise rates, so much hemming, hawing and indecision by the Yellen cartel, clearly the market was relieved a decision was finally made.

I suspect Bugsy isn't bright enough to understand predictions made a year or more ago with more recent predictions. Eh, it's more likely the usual dishonesty from him.
Click to expand...

Yes, and what he also misses is the fact that the only thing that happened yesterday was the announcement. The actual efforts to increase rates starts today. And in order to do so, the Fed will need to drain about a trillion $ of liquidity from the economy. It remains to be seen what (exactly) the effect of THAT effort will be on the stock market.
 
As long as the fed can manipulate our currency, we don't live in a free market.

I'm Ron Paul in the flesh on this issue.

ron%2Bpaul%2Breal%2Bmoney.jpg


We need real money.
 
Mr. Friscus said:
As long as the fed can manipulate our currency, we don't live in a free market.

I'm Ron Paul in the flesh on this issue.

ron%2Bpaul%2Breal%2Bmoney.jpg


We need real money.
Click to expand...

If you don't think your U.S. dollars are 'real money', why, feel free to send all you have to me, and I will happily spend them, at such places as Best Buy, Barnes & Noble, Amazon, Chili's, and the Outback. The last I heard, they were still accepting U.S. dollars as payment. And, in case you haven't heard----and you don't seem to have----the price of gold, in U.S. dollars, has collapsed over the past four plus years. You see, gold was a bubble, and the bubble burst.

Sorry to burst your bubble.......
 
Lukey said:
Yes, and what he also misses is the fact that the only thing that happened yesterday was the announcement. The actual efforts to increase rates starts today. And in order to do so, the Fed will need to drain about a trillion $ of liquidity from the economy. It remains to be seen what (exactly) the effect of THAT effort will be on the stock market.
Click to expand...

Translation: Of course, my friend. I would love to ditto. Keep hope alive - the markets may yet crash.

;-)
 
LeRoy_Was_Here said:
If you don't think your U.S. dollars are 'real money', why, feel free to send all you have to me, and I will happily spend them, at such places as Best Buy, Barnes & Noble, Amazon, Chili's, and the Outback. The last I heard, they were still accepting U.S. dollars as payment. And, in case you haven't heard----and you don't seem to have----the price of gold, in U.S. dollars, has collapsed over the past four plus years. You see, gold was a bubble, and the bubble burst.

Sorry to burst your bubble.......
Click to expand...

Sounds like it's time to buy gold. ;)
 
Bugsy McGurk said:
Translation: Of course, my friend. I would love to ditto. Keep hope alive - the markets may yet crash.

;-)
Click to expand...

The fact remains that rates did not change yesterday. And today there will be $1 trillion less in liquidity chasing assets. Lets wait a few weeks and see what its effect is, okay?
 
Bugsy McGurk said:
Wish I had a buck for every time a winger predicted a market crash as soon as the Fed raised interest rates.

Wingers: Always wrong. Always.

;-)
Click to expand...
I've got to take issue with this. I think pretty much everyone thought it was 100% certain the Fed would hike rates, so the markets had already priced that in, fully. The only questions were whether it would be a tiny increase or a medium-sized one, and whether the Fed would telegraph that it would be slow in hiking rates in coming months, or whether it would signal a more aggressive posture. So, a tiny increase with the Fed telegraphing a cautious approach would be expected to mean a slight rise in prices, as people who'd hedged against more aggressive rate hikes repositioned.
 
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