Fed’s Kaplan: Economy Won’t Be Strong Until Consumers Confident | Crypto Craft

  • Fed’s Kaplan: Economy Won’t Be Strong Until Consumers Confident

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mkjenna
May 20, 2020 8:15am
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No shit, Sherlock.
But then again, who needs a strong economy.
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auricforecas
May 20, 2020 10:02am
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Quoting mkjenna
No shit, Sherlock. But then again, who needs a strong economy.
Heh, was thinking the same thing... But it is/was one of the safest quotes he can make to justify his paycheck
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auricforecas
May 20, 2020 10:05am
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Quoting Vancarbon
The Fed are just guessing they have no idea of what the unemployment rate will be in 3 months,6 months time or 1 years time . They have no idea when it will peak or the repercussions the employment rate will have on consumer spending plans . They can jawbone all they like and pump the Nasdaq and buy corporate debt but the true test will be on revenue /profit of these companies . The market irrespective whether the Fed likes it or not needs to recalibrate valuations based on real earnings not stimulus The Nasdaq only 250 to a new ATH Incredible under...
Well, in fact, they are even open about it... they do try to predict it but at the end of the day they finds that their model with army of PhDs... (the last time I checked there were about 140 of them)... is no better than coin flip... They do try though... I mean if anyone could really predict it, he would become rich AF, so the game is still on, to find the "holy grail" model to predict it all... And if you can predict that, what can't you predict... In particular I mean... expectations vs reality.. aka DELTAs in high-economic news that we are all looking fo profit from right
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