NJ, what happened to your SOARing 300 pt jump yesterday?

NJPSU

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Discussing this now in the other thread. Powell speaking at Jackson Hole.
 

NJPSU

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So it’s Powell’s fault.
Actually yes the Federal Reserve has played a huge role in causing our current economic situation.

That’s hardly a contrarian take. That is the general consensus on the street.
 

psuted

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Actually yes the Federal Reserve has played a huge role in causing our current economic situation.

That’s hardly a contrarian take. That is the general consensus on the street.
I don’t totally disagree, but the Biden/Democrat policies over the past 18+ months certainly didn’t help the fed manage the situation. The radical policies and actions by Biden and the Democrats exasperated the situation and turned this into a crisis without a good solution. And with the student loan forgiveness stunt, it will just get worse.
 

NJPSU

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I don’t totally disagree, but the Biden/Democrat policies over the past 18+ months certainly didn’t help the fed manage the situation. The radical policies and actions by Biden and the Democrats exasperated the situation and turned this into a crisis without a good solution.
Actually the Fed was recommending the government spend even more than they we’re currently spending.

There’s plenty of blame to go around and that certainly includes the private sector and their inability to correct their supply chain issues. That’s what happens when you put profits ahead of risk management.
 

psuted

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Actually the Fed was recommending the government spend even more than they we’re currently spending.

There’s plenty of blame to go around and that certainly includes the private sector and their inability to correct their supply chain issues. That’s what happens when you put profits ahead of risk management.
The private sector is not at fault. This mess was created by the federal government entirely and breathtaking mismanagement of everything that influences a healthy economy.