Yellen

[cottonpicken]

This is where Errol and i have differed for quite some time,and he has been right for quite some time,but the decade before i was right,i ASSumed they wouldn't let a deflationary cycle take place for any amount of time because i didn't believe the system could actually handle it,and in my defence we never got what we should have got because of all the mass intervention,they where forced to fight the deflation,i successfully predicted the intervention,but unsuccessfully predicted the sediment of the market precipitants.

I thought monetizing the debt would set off a few alarm bells,silly me.

My missed short term term minuscule rate hike call was based on various geo-political economic and war cycle factors which would have put the us in a much stronger position,it would have made a lot of sense to do a quarter point to weaken your enemies strength the dollar and shore up the the treasury market,but obviously now there is an underling greater risk in the derivative/stock/bond market not just in the us but other western allies of which the consequences would have been greater.

To be honest i thought yellen would turn real hawkish last night,but i don't know what the hell you would call that display other then scary/unnerving.

I quarante you if they want their inflation they can get it.But that will be the tipping point.Whats the difference if a bushel of wheat is a pennie or a hundred dollars its all relative.

[wilagro]

cottonpicken: "I guarantee you if they want their inflation they can get it. But that will be the tipping point. Whats the difference if a bushel of wheat is a penny or a hundred dollars its all relative."

Since we don't use the penny any more, transactions are calculated with rounding off...so that theoretic bushel of wheat you refer to would be rounded down to zero. That would not be good.

[cottonpicken]

Your exactly right,i should have said "old penny",the ones they use to put copper into.

[sumdumguy]

The day I pay a bank to use my money, I just got rates from 2 banks at 2% for 3 years and 2 1/8 for 5. In five years I'm outta here.

[hobbyfrmr]

I am the opposite of sumdum. I have only enough money to cash flow farm operations. The devil on my shoulder says buy more land and machinery, travel like crazy, borrow yourself silly because nobody cares. I would live much higher on the hog and have more experiences.
The angel on the other shoulder says status quo, your doing well enough dont screw it up!