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VisualMod t1_ja8jfbp wrote

User Report
Total Submissions 10 First Seen In WSB 2 years ago
Total Comments 1351 Previous Best DD
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DueSecretary4174 t1_ja8mpfk wrote

Great meme! Fed sucks. They're half-assing their way through this, especially on QT.

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Brooklyn7011 t1_ja8pwmg wrote

This is golden. Best person of 2003. Total champ: Comical Ali

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Affectionate_Law3788 t1_ja8x4iy wrote

Replying to DueSecretary4174 (#2,063,774)

I mean you're trying to steer one of the world's largest economies while balancing competing goals (inflation vs employment) and a million different random variables that impact everything else. I think they're trying, it's just essentially an impossible task to balance both all the time. If you raise rates you fuck the economy, if you don't raise rates you're fucked anyway because of inflation.

The best you can hope for is to keep the system running smoothly in the long run. There would be even more catastrophic crashes without someone to conduct monetary shenanigans to apply the brakes in either direction. Obviously they overreacted to COVID and then waited way too long to start applying the brakes this time around, but that's hindsight.

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Affectionate_Law3788 t1_ja8zp1b wrote

Replying to DueSecretary4174 (#2,066,706)

In 2009 the job market was still royally screwed, most real estate markets were still in the gutter, and in generally main street America was not very well off. People were choosing to drag out college longer because the job market was that bad. The only thing that was obvious was that not enough had been done to mitigate the effects of the financial crisis. That's the environment that helped lead to the passage of more banking regulation in Dodd-Frank in 2010, and probably contributed to rates being left so low for so long.

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Narradisall t1_ja95tih wrote

Users on this sub: “pivot incoming. All in!”

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Hotresearch-68 t1_ja9r1bb wrote

Lol . He tried to dye his hair blonde to hide from The US military when we got to Iraq . Picture that fucgly guy blonde ?

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F7xWr t1_jaaalkk wrote

almost forgot about him, STILL a legend living in the UAE apparently balling!

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colt1210 t1_jaaf60s wrote

Powell is a dinosaur that belongs in a nursing home.

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EagleDre t1_jaajg45 wrote

It will be the mother of all landings!

I didn’t think enough people here were old enough to remember Baghdad Bob…wow

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mxk2020 t1_jaaow9y wrote

The mother of all bull markets is coming!

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darkspd96 t1_jab7one wrote

You're not going to afford a house op, if the market tanks you'll be unemployed just like the rest of us

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joshikus t1_jabz4te wrote

I wonder how many ppl in this sub are too young to understand this joke.

1