patrick.net

Let's see..

1929
1979
1987
2002
2008
2018

Gotta love that central bank economic stability.

NuttBoxer says

Gotta love that central bank economic stability.

Central Banks don't control the stock market.

Look at US GDP before and after the invent of the modern Fed. It's night and day. The Federal Reserve has actually done a fantastic job at smoothing out the boom/bust cycles that were common prior to its existence.

anon_8f378 says

Central Banks don't control the stock market.

I appreciate that's what you think, but you see me and the dates disagree.

anon_8f378 says

Look at US GDP before and after the invent of the modern Fed.

'

And that's a measure of how much money I make, or how much money the federal government is raking in from taxes? What's that you say? The IRS was founded in the same year as the Federal Reserver? Causation, what!?

anon_8f378 says

The Federal Reserve has actually done a fantastic job at smoothing out the boom/bust cycles

Yes, we're on quite the schedule now, as I already pointed out.

anon_8f378 says

that were common prior to its existence.

Only prior? Again, see dates.

anon_8f378 says

NuttBoxer says

Gotta love that central bank economic stability.

Central Banks don't control the stock market.

Exactly.

It's the algorithms that control it.

and today, they're buying like crazy, DOW up 530 right now.

Even according to my accumulated Quicken graph, this one is pretty blippy and just seems a wash off of the standard January run up. January put?