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China Floats Yuan (pg. 2)
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| Shakka |
| quote: | Originally posted by occrider
Please check my facts? Are you a ing retard or something? For 's sake, your reading comprehension is for to start with. I didn't say nominal interest rates lack economic performance, I said nominal interest rates lag economic performance. How other way would it be done genious? You think the Federal Open Market Commitee meets in the future to discuss what they should do with interest rates in the present?? What's sad is that you probably don't even understand how the FOMC adjustment to the discount rate and the federal funds rate affects interest rates set by banks. Given that you probably have no ing education in the field of economics I can forgive your ignorance of the lack of knowledge that the US was in a RECESSION in the early 80’s, but the fact that you brazenly pretend that you know jack about economic history and call me out on it pisses the out of me. First of all, what your pitiful excuse for a source failed to tell you was that while the US economy rebounded in the mid to late 80's (until 87 to be exact ... then it went into recession) the economy was in a deep recession in the early 80’s. Not only deep recession, but remants of the 70's staglation where inflation was high and the economy was in recession. This resulted in high interest rates, high unemployemnt, and high inflation.
So kindly know what the you are talking about before you arrogantly try calling me out on something I do for a living. Thanks. |
Nice. I love it when you get worked up.;) |
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| occrider |
| quote: | Originally posted by Shakka
Nice. I love it when you get worked up.;) |
Yea I was hammered last night :). |
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| arnoldjch |
| quote: | Originally posted by occrider
You think the Federal Open Market Commitee meets in the future to discuss what they should do with interest rates in the present?? What's sad is that you probably don't even understand how the FOMC adjustment to the discount rate and the federal funds rate affects interest rates set by banks. Given that you probably have no ing education in the field of economics I can forgive your ignorance of the lack of knowledge that the US was in a RECESSION in the early 80’s, but the fact that you brazenly pretend that you know jack about economic history and call me out on it pisses the out of me. First of all, what your pitiful excuse for a source failed to tell you was that while the US economy rebounded in the mid to late 80's (until 87 to be exact ... then it went into recession) the economy was in a deep recession in the early 80’s. Not only deep recession, but remants of the 70's staglation where inflation was high and the economy was in recession. This resulted in high interest rates, high unemployemnt, and high inflation.
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First of all your vocabulary is just a good reflection of your personality:rolleyes: your parents probobably passed on those traits to you anyways getting back to topic.
occrider Every six weeks the Federal Reserve’s Open Market Committee meets to decide monetary policy. Wall Street, Washington, and the press await their decision with anticipation. So do lenders and borrowers. Getting back to interest rates, When the Fed thinks that slow GDP growth, high or rising unemployment, or recession is the economy’s main problem, it usually cuts interest rates. This causes businesses and consumers to borrow and spend more, which increases the production of goods and services. When the Fed thinks that high or rising inflation is the economy’s main problem, it usually raises interest rates. This causes businesses and consumers to borrow and spend less, which reduces opportunities for businesses to raise prices. Often, the Fed tries to anticipate future problems, to head them off before they start.
Regarding my statement on the 80's that comment should be considered during reagan's admin. Indeed in the early 80's the economy was bad. we can make a parallel to what is today, issues what we are facing, big budget deficits etc. |
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| Shakka |
| Oh boy. Another 17 year old know-it-all that just finished taking introductory economics. Bring the thunder, Occ. This should be funny. |
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| arnoldjch |
| quote: | Originally posted by Shakka
Oh boy. Another 17 year old know-it-all that just finished taking introductory economics. Bring the thunder, Occ. This should be funny. |
I dont think i know it all:rolleyes: i was just engaging in a convo with a member:rolleyes: |
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| metalgearsolid |
| quote: | Originally posted by Shakka
Oh boy. Another 17 year old know-it-all that just finished taking introductory economics. Bring the thunder, Occ. This should be funny. |
well its not that bad as a 30yr old talking to a 17 suspecting to get into an intellectual conversation:rolleyes: . |
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| Shakka |
| quote: | Originally posted by metalgearsolid
well its not that bad as a 30yr old talking to a 17 suspecting to get into an intellectual conversation:rolleyes: . |
I guess you're right. I should've set my expectations lower. And I'm not 30 yet! Seems like it was the 17 year old engaging the intellectual conversation though. |
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| arnoldjch |
| quote: | Originally posted by metalgearsolid
well its not that bad as a 30yr old talking to a 17 suspecting to get into an intellectual conversation:rolleyes: . |
it happens.... all of us as humans can learn from each other, if you have the mentality that you wont engage in a convo with someone younger than you or whatever have you(sex,color,race,education),and not be able to hold an intellectual conversation and learn something from it( both individuals) that in a way is being racist. you are considering yourself to be superior to that person in every aspect(education etc).... its very dangerous to acquire that mentality. |
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| metalgearsolid |
| quote: | Originally posted by Shakka
I guess you're right. I should've set my expectations lower. And I'm not 30 yet! Seems like it was the 17 year old engaging the intellectual conversation though. |
Shakka you know I like you. But one thing you should never do is lie about your age. You know your older than 30. Gosh shakka don't you work? I swear your always on the internet. What's wrong you hiding from your wife or just not getting any??
[QUOTE]"it happens.... all of us as humans can learn from each other, if you have the mentality that you wont engage in a convo with someone younger than you or whatever have you(sex,color,race,education),and not be able to hold an intellectual conversation and learn something from it( both individuals) that in a way is being racist. you are considering yourself to be superior to that person in every aspect(education etc).... its very dangerous to acquire that mentality."
Man I was just messing around. No me siento mejor que te pero si soy. Los dos somos de mexico. Ok no te pones en la ofensa(s/p). |
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| Shakka |
| quote: | Originally posted by metalgearsolid
Shakka you know I like you. But one thing you should never do is lie about your age. You know your older than 30. Gosh shakka don't you work? I swear your always on the internet. What's wrong you hiding from your wife or just not getting any?? |
I think you're confusing me with Opus. The reason I'm always on the Internet is because I have a job and sit in front of a computer all day! I will be 29 in February. |
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| metalgearsolid |
| quote: | Originally posted by Shakka
I think you're confusing me with Opus. The reason I'm always on the Internet is because I have a job and sit in front of a computer all day! I will be 29 in February. |
so whats your job? could you help me out with my computer?? like answer my questions man?? |
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| Shakka |
| quote: | Originally posted by metalgearsolid
so whats your job? could you help me out with my computer?? like answer my questions man?? |
I work for a hedge fund. What questions did you want me to attempt to answer? |
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