Skip to main content

View Diary: CSI: Federal Reserve (221 comments)

Comment Preferences

  •  why, that's a great ad (0+ / 0-)

    for swapping RE equity for HSAs and privatized SS.
    not.

    Diversity is the key to economic and political evolution.

    by MarketTrustee on Wed Feb 07, 2007 at 02:23:17 PM PST

    [ Parent ]

    •  Neither the federal debt nor household debt (0+ / 0-)

      is being driven by households losing their shirts in the stock, bond or commodity markets.

      There are problems with the economy all right, but the piece that the Fed have a piece of regulating is not an important cause of income inequality or most of our other economic woes.

      The SEC has considerably more regulatory authority over how public companies work.

      The main matters regulated by the Fed are:

      1. The mechanics of clearing checks.
      1. The mechanics of wire transfers.
      1. Short term interest rates to banks.
      1. The money supply.
      1. Reserve requirements for commercial banks.

      #1 and #2 are important but not controversial.  #3 and #4 are very carefully monitored.

      #5 almost never changes.

      "Those who can make you believe absurdities can make you commit atrocities" -- Voltaire

      by ohwilleke on Wed Feb 07, 2007 at 02:48:14 PM PST

      [ Parent ]

      •  " Neither the federal debt nor household debt (0+ / 0-)

        is being driven by households losing their shirts in the stock, bond or commodity markets." WTF?

        HH can't help losing their shirts because of PPTeam market husbandry. monetary policy = supply-side econ; i would think that would be obvious to you especially, regardless of bonddad graphs illustrating value destruction in equity and securities markets over exactly the last 20 years.

        instead you hand me a made-for-teevee list of FRB talking points as if capital flow circulates  in silos --as if "consumer" banking or the integrity of reserves have absolutely no relation to lendor regs, margin lending, paper trade of mortgages, private equity or public co. issues (including RE), securities lending, futures, derivatives, compulsive printing, inflation engineering (commodity or PE), and retained earnings that do NOT "trickle down" to employment rate increases ...

        US is at full employment despite population and "productivity" growth.

        my comment about EO 12631 concerns absolute coordination of (not)fiscal and monetary policy by THE four agency heads who determine every point of finance entry and (de)regulatory effects on market valuations. they fucked up american income equality, and you call me out with "The financial markets he regulates work fine"??

        get a grip. market values are in the toilet. currency and equity are unsecured, and the free rate is FUBAR, and that's why M3 is no longer reported. value is totally dependent on buyer expection.

        Diversity is the key to economic and political evolution.

        by MarketTrustee on Wed Feb 07, 2007 at 05:30:34 PM PST

        [ Parent ]

Subscribe or Donate to support Daily Kos.

  • Recommended (139)
  • Community (52)
  • Baltimore (38)
  • Civil Rights (35)
  • Bernie Sanders (30)
  • Culture (27)
  • Economy (25)
  • Elections (24)
  • Texas (23)
  • Law (23)
  • Labor (19)
  • 2016 (18)
  • Environment (18)
  • Rescued (18)
  • Hillary Clinton (17)
  • Education (17)
  • Freddie Gray (16)
  • Politics (16)
  • Barack Obama (16)
  • Media (16)
  • Click here for the mobile view of the site