Powell did something no other Fed chief has done, he listened and took notes and feigned concern. Don’t count your rate cuts just yet, and then behold the balance sheet rolloff in MBS could make the cut a moot point.
R T WilliamsJul 13, 2019 @ 22:20
Is the proportion of Americans in gainful employment increasing or decreasing?
Is the absolute number up or down?
&&&&&
More important, I should think, is how gainful those jobs are. High-paying manufacturing jobs are disappearing, leaving a low-wage chasm between barista and computer-science worker. Moving the low-skilled worker into gainful employment presents a very difficult structural problem. Amazon is trying to get a jump on it by putting $700 million into job training. Every big company needs to do this, since the answer is not going to come from a corrupt college system that has forgotten the purpose of an education.RA
John JayJul 11, 2019 @ 11:59
If I had my chance to ask Jerome Powell just one question at a press conference it would be………
“Mr Powell, with all due respect sir, would you tell me how you manage keep a straight face during your testimony to Congress?”
LOL!
Best straight man since Bud Abbott!
Even looks a lot like Bud at the end of his days.
And the same math skills as Lou and Mr. Fields calculating the back room rent! https://www.youtube.com/watch?v=lzxVyO6cpos
Bank of Japan has its holdings of the national debt having reached nearly 50%.
The BOJ pledge on how it will guide future monetary policy is with very low interest rates until the spring of 2020.
I suggest the central banking system will stay in tact and be quite successful in handling the debt ridden system.
In the BOJ case, as I suggested and its nation, the Nkki after a 50% fall in price of another bear phase will be the buy of a life time. It will be as the USA buy of a lifetime in INDU 1942 after 2-3 decades of extreme debt though out society.
It will be the rising of Japan that is coming, and several bear markets will continue to linger for decades in the USA as it will not be the place for investment.
Japan will rise out of the ashes once again, as even when 2 atom bombs where once drop of them.
Nikki inflow and major buy level is 15,731 to 14,100 level. This level will be like the 1942 INDU USA stock market buy level.
The JYP is looking towards a 200-300% increase in its currency.
All the BOJ has to do after it has accumulated such a large equity position is to induce positive sentiment for buyers to seek investment of what they now own.
The next major bull market in the length of decades (such as we had here in the USA for 3-4 decades) is Japan.
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Hey rick. Chris from Luigi’s here. Still long Gold Silver, and Physical cash with just enough stock to say I’m a player.Best always Chris
Powell did something no other Fed chief has done, he listened and took notes and feigned concern. Don’t count your rate cuts just yet, and then behold the balance sheet rolloff in MBS could make the cut a moot point.
Is the proportion of Americans in gainful employment increasing or decreasing?
Is the absolute number up or down?
&&&&&
More important, I should think, is how gainful those jobs are. High-paying manufacturing jobs are disappearing, leaving a low-wage chasm between barista and computer-science worker. Moving the low-skilled worker into gainful employment presents a very difficult structural problem. Amazon is trying to get a jump on it by putting $700 million into job training. Every big company needs to do this, since the answer is not going to come from a corrupt college system that has forgotten the purpose of an education. RA
If I had my chance to ask Jerome Powell just one question at a press conference it would be………
“Mr Powell, with all due respect sir, would you tell me how you manage keep a straight face during your testimony to Congress?”
LOL!
Best straight man since Bud Abbott!
Even looks a lot like Bud at the end of his days.
And the same math skills as Lou and Mr. Fields calculating the back room rent!
https://www.youtube.com/watch?v=lzxVyO6cpos
Bank of Japan has its holdings of the national debt having reached nearly 50%.
The BOJ pledge on how it will guide future monetary policy is with very low interest rates until the spring of 2020.
I suggest the central banking system will stay in tact and be quite successful in handling the debt ridden system.
In the BOJ case, as I suggested and its nation, the Nkki after a 50% fall in price of another bear phase will be the buy of a life time. It will be as the USA buy of a lifetime in INDU 1942 after 2-3 decades of extreme debt though out society.
It will be the rising of Japan that is coming, and several bear markets will continue to linger for decades in the USA as it will not be the place for investment.
Japan will rise out of the ashes once again, as even when 2 atom bombs where once drop of them.
Nikki inflow and major buy level is 15,731 to 14,100 level. This level will be like the 1942 INDU USA stock market buy level.
The JYP is looking towards a 200-300% increase in its currency.
All the BOJ has to do after it has accumulated such a large equity position is to induce positive sentiment for buyers to seek investment of what they now own.
The next major bull market in the length of decades (such as we had here in the USA for 3-4 decades) is Japan.
Have a great day Rick.