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ALERT Fung Economic Warning:' The Fed.Has Gone Crazy'....Global Market Sell Off in Progress
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  1. #1

    Fung Economic Warning:' The Fed.Has Gone Crazy'....Global Market Sell Off in Progress

    These are words from Mr. Trump.

    A global market selloff in progress.
    Sow the Wind....Reap the Whirlwind

  2. #2
    Tech has suffered the worst selloff in 7 years.
    Sow the Wind....Reap the Whirlwind

  3. #3
    We are looking at a very DEEP correction.

    Oil is selling off.
    Sow the Wind....Reap the Whirlwind

  4. #4
    Interesting. Must get the vegetables growing.



    //////////////////////////////////////////////////////////////////

    Stock Market Selloff: Trump Responds That Fed 'Has Gone Crazy ...

    https://www.bloomberg.com/.../white-...trong-despite-...

    12 hours ago - President Donald Trump slammed the Federal Reserve as “going loco” for its interest-rate increases this year ... Trump Steps Up Fed Pressure With 'Gone Crazy' Jab After Sell-off ... chief Christine Lagarde, whose agency just downgraded forecasts for global growth due to trade tensions. ... Terms of Service.
    Missing: progressthese ‎| ‎Must include: ‎progressthese


    /////////////////////////////////////////////////////////////////



    The Fed has gone crazy': Trump points finger for Wall Street tumble

    By Justin Sink & Shannon Pettypiece
    11 October 2018 — 9:22am



    President Donald Trump again criticised the Federal Reserve for raising interest rates, calling it a "mistake" hours after the worst US stock market sell-off since February.

    "The Fed has gone crazy," he told reporters on Wednesday as he arrived in Pennsylvania for a campaign rally. "So you can say that well that's a lot of safety actually, and it is a lot of safety, and it gives you a lot of margins, but I think the Fed has gone crazy."
    Donald Trump has again criticised the Fed for raising interest rates.

    Donald Trump has again criticised the Fed for raising interest rates.Credit:Bloomberg
    Related Article
    ASX plummets on back of Wall Street's worst day since February
    World markets
    ASX plummets on back of Wall Street's worst day since February

    White House Press Secretary Sarah Sanders said in a statement following the close of markets that the US economy is "incredibly strong" despite the selloff, which analysts attributed in part to trade tensions with China.

    "It's a correction that we've been waiting for for a long time," Trump said. He frequently celebrates publicly when the stock market reaches new highs, pointing to the gains as affirmation for his economic policies.

    Trump was briefed on the market turmoil earlier in the day, a White House official said. He has repeatedly criticised the central bank for raising interest rates this year, decisions aimed at preventing the economy from overheating.

    "The fundamentals and future of the US economy remain incredibly strong," Sanders said in a statement. "President Trump's economic policies are the reasons for these historic successes and they have created a solid base for continued growth."
    Wall Street had its worst day since February overnight.

    Wall Street had its worst day since February overnight.Credit:AP

    US stocks tumbled Wednesday the most since February as fresh concern about the impact of the trade war with China roiled technology and industrial shares. The broad selloff took the S&P 500 to the lowest in three months, the Dow Jones Industrial Average plunged as much as 836 points and the Nasdaq 100 Index tumbled more than 4 per cent for its worst day in seven years.

    The sell-off came a day after the International Monetary Fund said the world economy is plateauing and cut its growth forecast for the first time in more than two years, blaming escalating trade tensions and stresses in emerging markets.

    Trump has slapped tariffs on $US250 billion in Chinese goods this year, and Beijing has retaliated with levies of $US110 billion of American products. The IMF projections don't take into account Trump's threat to expand the tariffs to effectively all of the more than $US500 billion in goods the U.S. bought from China last year.

    During an event earlier Wednesday amid the selloff, Trump and his top economic adviser, Larry Kudlow, said they believed the US economy was strong. "It is doing well," Trump said.

    Bloomberg


    https://www.smh.com.au/business/mark...11-p508z1.html

  5. #5
    Tnx CC.
    Sow the Wind....Reap the Whirlwind

  6. #6
    I switched investments on an IRA just in time. Put mostly in short-duration bond funds (mostly US or AAA bonds). I risked some on what I call a hard asset and mining fund (this fund recently changed from all precious metals to about 25% mining development and exploration and 75% hard assets (what they call irreplaceable or scarce infrastructure). I then invested in two bear market mutual funds. The bear market funds are doing well. The bond funds are OK as well, but they basically never move. There are there it just make interest at whatever the going rates are. The hard asset fund is taking a hit because it is invested in publicly traded companies, but it isn't taking a huge hit. Plus, if PMs spike, it should move up even if the overall market is in a downward trend or holding steady after a downward trend.

    Also, I'm not sure why The Donald is slamming the fed. At some point we need to get to a rate level where people can buy a safe government bond and actually make a reasonable rate of return. Is it too much to ask that someone be allowed to buy a 10 year treasury bond or CD and be able to make 5% a year? Guess it really doesn't matter anymore as most people are broke for various reasons, so it isn't like people can save up a few hundred grand for retirement and live off the interest anymore.

  7. #7
    Bonds will lead when things really do crash. Things could go at any point as everything is in a gray area. Money is flowing around not trade goods. If the world economy was good trade would be great.

  8. #8
    Join Date
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    The dow has about another 1,000 points and the Nasdaq has another 500 points to go down to match the revised GDP numbers. The US stock market was decoupled from reality for about three months. Nothing to panic about. It was well to be expected

  9. #9
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    Trump is trying to set up the Fed to take the heat. But the truth is we are still far below normal interest rates for the economy being in such 'robust' shape. They have been lying about growth numbers ever since 2008 and papered them over with more debt and Nirp and Zirp policy and are running out of steam. Truth of the matter is we have so much debt now that we are having trouble just making the interest payments at 3% on the treasuries let alone what would be considered normal up around 6% to 7%.
    What is the lake of fire? What is it's purpose? Is the lake of fire eternal hell? Is there any hope of escape for those cast into this lake?
    http://bible-truths.com/lake1.html

  10. #10
    Join Date
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    The Admin has to walk a tightrope between keeping interest rates low enough to fund Treasuries and China selling a bunch of them off....

    And Equities keeping their value while not making huge swings which leads to speculation without value in some factions of the markets.

    Many high level company Owners are selling off their personal company investments and buying alternatives. Is it because they are not fully convinced of their products or just want to spread the risk?
    True North Strong and Free

  11. #11
    Ok Donny boy. If da Fed has gone over the edge, AUDIT them. Show us what's on the books. Transparency and all that.
    Repeal the 15th
    Rewrite the 14th
    We Must Secure the Existance of Our People and a Future for White Children
    Make America Confederate Again
    2020 Is Going To Be A ClusterF*ck

  12. #12
    Quote Originally Posted by Hfcomms View Post
    Trump is trying to set up the Fed to take the heat. But the truth is we are still far below normal interest rates for the economy being in such 'robust' shape. They have been lying about growth numbers ever since 2008 and papered them over with more debt and Nirp and Zirp policy and are running out of steam. Truth of the matter is we have so much debt now that we are having trouble just making the interest payments at 3% on the treasuries let alone what would be considered normal up around 6% to 7%.
    Hfcomms...visit the small town where. I Iive....the economy here is poor.

    Mr. Trump is well aware that we here in CONUS are doing a high wire act.
    Sow the Wind....Reap the Whirlwind

  13. #13
    Gold up $20.00 give or take.
    Sow the Wind....Reap the Whirlwind

  14. #14
    Join Date
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    Posts
    13,386
    Quote Originally Posted by Hfcomms View Post
    Trump is trying to set up the Fed to take the heat. But the truth is we are still far below normal interest rates for the economy being in such 'robust' shape. They have been lying about growth numbers ever since 2008 and papered them over with more debt and Nirp and Zirp policy and are running out of steam. Truth of the matter is we have so much debt now that we are having trouble just making the interest payments at 3% on the treasuries let alone what would be considered normal up around 6% to 7%.
    Even at what it is now we'll pay more in debt servicing than on defense within about five years. Even Snopes won't try denying THAT one.

  15. #15
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    The American stock sell-off did not last long- one day.
    A big sell-off is coming .....but just not yet.

  16. #16
    Quote Originally Posted by hiwall View Post
    The American stock sell-off did not last long- one day.
    A big sell-off is coming .....but just not yet.
    Be here at 2:45 est.
    Sow the Wind....Reap the Whirlwind

  17. #17
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    I see it has dropped some again. Maybe the powers that be have decided to bring the markets down before the election to give the Democrats a better chance.
    Who knows what will happen. I am mostly out of the markets now so this down turn does not directly effect me. The after-effects sure could effect all of us though if there is a big drop.

  18. #18
    Quote Originally Posted by doctor_fungcool View Post
    Be here at 2:45 est.
    Pizza? I love pizza. Who's bringing the drinks?
    Repeal the 15th
    Rewrite the 14th
    We Must Secure the Existance of Our People and a Future for White Children
    Make America Confederate Again
    2020 Is Going To Be A ClusterF*ck

  19. #19
    Quote Originally Posted by NoMoreLibs View Post
    Pizza? I love pizza. Who's bringing the drinks?
    Tequila on the house.
    Sow the Wind....Reap the Whirlwind

  20. #20
    Quote Originally Posted by doctor_fungcool View Post
    Tequila on the house.
    It's raining, can it be in the house?
    Repeal the 15th
    Rewrite the 14th
    We Must Secure the Existance of Our People and a Future for White Children
    Make America Confederate Again
    2020 Is Going To Be A ClusterF*ck

  21. #21
    Maybe tonight (or tomorrow night) will be that horror movie

    "RETURN OF THE DEATH BURGER" lol
    expatriate Californian living in rural Ireland with husband, dogs, horses. garden and many, many cats

  22. #22
    Join Date
    May 2001
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    In CLE again
    Posts
    53,440
    At 10:30 or so it was down 350ish, and now only -102ish, so it's being fall volatile..
    RULE 1:
    THEY want you DEAD.


    Athens, Tenn.
    Remember WHY?

    Word to the wise:

    "All skill is in vain when an Angel pees in the touch-hole of your musket!"

  23. #23
    Join Date
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    Posts
    386
    I had a gut feeling about two weeks ago. Could have been something I ate. None the less I sold off every stock I owned and cashed out. If this gets worse it will be a whew!!! moment for me.

  24. #24
    Join Date
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    CA
    Posts
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    I was listening to some interviewee - former CIA, I think, that said the next 30 some days were originally the time period the Elites had scheduled for WWIII and economic reset. Trump's actions have screwed that up, but the old wheels have been set into motion. (This was why Trump had planned his parade on Nov 11, because that had some astrological significance to the elites and was an "in your face" move.) Still, it will be a rocky road into Nov.
    "During times of universal deceit, telling the truth becomes a revolutionary act." George Orwell

  25. #25
    Join Date
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    Quote Originally Posted by marsh View Post
    . (This was why Trump had planned his parade on Nov 11, because that had some astrological significance to the elites and was an "in your face" move.) Still, it will be a rocky road into Nov.
    I wonder if he planned the parade then because it was a convenient way to have military hardware and personnel in place if SHTF

  26. #26
    It's 2:45....dow down 570
    Sow the Wind....Reap the Whirlwind

  27. #27
    Margin calls are huge.
    Sow the Wind....Reap the Whirlwind

  28. #28
    Quote Originally Posted by doctor_fungcool View Post
    It's 2:45....dow down 570
    Ride 'em Cowboy!!!
    Repeal the 15th
    Rewrite the 14th
    We Must Secure the Existance of Our People and a Future for White Children
    Make America Confederate Again
    2020 Is Going To Be A ClusterF*ck

  29. #29
    Join Date
    May 2001
    Location
    In CLE again
    Posts
    53,440
    AAAND at 1500 we're off the lows...at least for a few minutes.

    An interesting weekend will be had by all!
    RULE 1:
    THEY want you DEAD.


    Athens, Tenn.
    Remember WHY?

    Word to the wise:

    "All skill is in vain when an Angel pees in the touch-hole of your musket!"

  30. #30
    Join Date
    Apr 2008
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    Back in Texas!
    Posts
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    Just some pre-mid-term election diddling from the NWO/Dem moonbat crowd. Wake me up when Au hits $1350 and Ag hits $17.50.
    If at first you don't secede, try, try again!

  31. #31
    Join Date
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    Now down 300 and heading up. Could go either way in the last hour of trading.

  32. #32
    Repeal the 15th
    Rewrite the 14th
    We Must Secure the Existance of Our People and a Future for White Children
    Make America Confederate Again
    2020 Is Going To Be A ClusterF*ck

  33. #33
    Dow predictions on the downside....percentage wise.

    3%
    5%
    7%
    10%
    20%
    50%.

    By June of 2019
    Sow the Wind....Reap the Whirlwind

  34. #34
    Join Date
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    Quote Originally Posted by doctor_fungcool View Post
    Dow predictions on the downside....percentage wise.

    3%
    5%
    7%
    10%
    20%
    50%.
    -12000000000%

    How's that? Doom enough for you?
    ...Rubbin' is Racin'......

  35. #35
    Quote Originally Posted by Racing22 View Post
    -12000000000%

    How's that? Doom enough for you?
    Only 12??? I would have gone with at least 14...
    Repeal the 15th
    Rewrite the 14th
    We Must Secure the Existance of Our People and a Future for White Children
    Make America Confederate Again
    2020 Is Going To Be A ClusterF*ck

  36. #36
    Join Date
    Oct 2014
    Posts
    13,386
    Quote Originally Posted by Racing22 View Post
    -12000000000%
    Polly.




  37. #37
    Quote Originally Posted by Racing22 View Post
    -12000000000%

    How's that? Doom enough for you?
    Harty har har

    Tequila for the house
    Sow the Wind....Reap the Whirlwind

  38. #38
    Join Date
    Jul 2005
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    Happy on the mountain
    Posts
    63,476
    -12000000000%

    Only matters if you're long.

    Or short …
    The wonder of our time isnít how angry we are at politics and politicians; itís how little weíve done about it. - Fran Porretto
    -http://bastionofliberty.blogspot.com/2016/10/a-wholly-rational-hatred.html

  39. #39
    Fell at the last minute, -545 again.
    Repeal the 15th
    Rewrite the 14th
    We Must Secure the Existance of Our People and a Future for White Children
    Make America Confederate Again
    2020 Is Going To Be A ClusterF*ck

  40. #40
    Join Date
    Jul 2005
    Location
    Happy on the mountain
    Posts
    63,476
    Never forget about canned food and shotguns

    https://www.youtube.com/watch?time_c...&v=FonhfBv64dE
    Canned food and shotguns.
    RT 00:17
    The wonder of our time isnít how angry we are at politics and politicians; itís how little weíve done about it. - Fran Porretto
    -http://bastionofliberty.blogspot.com/2016/10/a-wholly-rational-hatred.html

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