Today Market

[wuqijun]

What?? Downturn is OVER. Up up and away!!!

[harriet]

Seems like after hours a lot of stocks reversed their gains for the day.

[wuqijun]

Too bad you are not going to get apple at below 100…

Who has a 6 digit gain in their stock portfolio today?

[harriet]

You never know. Stop being so short-sighted

[wuqijun]

Disrespectful. Look at your petty little portfolio and realize your limits.

[harriet]

Respect should be earned. The sky is the limit.

[wuqijun]

Is there a person in the world you respect besides your mom?

[harriet]

I respect anyone that gives me the same respect in return, not someone who likes to belittle others based on wealth or status.

[wuqijun]

You deserve to be belittled due to your attitude.

[harriet]

Same can be said about you.

[wuqijun]

Well at least I have a respectable portfolio and attitude. You have nothing and still command an attitude…

[harriet]

Respectable attitude? Where? Self-proclaimation doesn’t count.

[wuqijun]

Respectable portfolio, plus attitude.

[harriet]

Why should I care about your portfolio? Don’t think I didn’t see it, but you’ve made posts before where you tried to belittle me out of the blue when I wasn’t even talking to you and then you deleted it later.

[manch]

Chinese proverb:

面是人家給的，架是自己丟的

Face is given by others, respect is lost by yourself

[wuqijun]

What about 姑息養奸？

[Jil]

@manch

With an economy growing at 3% real, it surely can handle a 0% real interest rate. Today’s number shows loud and clear.

It’s not that rates don’t matter. Clearly it does. Just like water is essential to a person’s health doesn’t mean you should drink 10 gallons of water everyday. There’s an appropriate level of water consumption, just like there’s an appropriate interests rate for certain economic growth rate.

If you think rate should be as low as possible, why not put it at 0 nominal and let asset bubbles blow to sky high? That’s usually the conservative critique of Fed policy. Heck, even Trump said that back when Obama was president when economy was wobbly coming from recession. I actually think Yellen waited too long in raising rates under Obama.

Yes, she was at least one year late, and even she knew that time, but stopped raising rates as there was election in 2016.

Same situation J Powell lands next year, He proposed to raise rates two times this year and then leave it at that rate for next 18 months.

If Trump comes back next time, he will not give a chance to Powell another term. If someone else coming as president, Powell may continue.

What Powell is doing is right for the country, unfortunately Trump does not like it as this may be an issue for him later.

[sheriff]

Wuquin, you should not be saying these things on the forum.

"Disrespectful. Look at your petty little portfolio and realize your limits

Is there a person in the world you respect besides your mom?

You deserve to be belittled due to your attitude."

[wuqijun]

Why not? Some people need a good whipping.

[acre]

Today the unemployment rate rose despite 300,000 new jobs being created. That’s a serious inflection point for worker participation which remains historically low.