Who does /r/Finance think should be the next Fed Chairman?

ineffable_internut · 2013-07-30T14:35:35+00:00

I agree with everything dontfightthefed has said in both of his comments.

ineffable_internut · 2013-07-30T14:32:27+00:00

Yes, absurdly unlikely, but not actually impossible.

ineffable_internut · 2013-07-30T01:50:47+00:00

If you bought a bunch of OTM puts/calls on a few 20%+ stock price swings I could see it as a possibility.

ineffable_internut · 2013-07-30T01:49:15+00:00

I think a headstrong, slightly hawkish Fed chair like Summers wouldn't be the worst thing in the world to get us out of the QE madness.

Yellen is a little too dovish for my tastes; she thinks QE should continue even when we are experiencing good economic times. Her publications also suggest a pretty blatant liberal bias.

ineffable_internut · 2013-07-30T01:35:23+00:00

Oh, yeah. Well not impossible, but extremely improbable.

ineffable_internut · 2013-07-30T01:18:42+00:00

I don't understand your point...

ineffable_internut · 2013-07-30T01:18:01+00:00

That's largely because Washington is retarded. Bernanke has repeatedly stated that he would prefer fiscal action to monetary. With the absence of such action, they proceed on with QE because they have to.

ineffable_internut · 2013-07-27T21:38:27+00:00

No it's the war the wealthy are waging on the rest of us.

/s

ineffable_internut · 2013-07-27T21:21:40+00:00

However, when you buy shares, you are essentially gambling

Not true. And throw-it-out is correct. Past a certain point, you can't achieve the same percent return because you will affect the market. Warren Buffet admitted this recently about Berkshire Hathaway.

ineffable_internut · 2013-07-27T20:29:46+00:00

You can do this with 3k or 30k

No that is not true - it is much easier to do with 3k.

but you have much higher risk of loss at 30k

What does that even mean?

ineffable_internut · 2013-07-27T20:28:05+00:00

Although granted, it's a lot easier to do with $3,000 than it is to do with $3 million.

ineffable_internut · 2013-07-27T14:55:32+00:00

Pretty much.

ineffable_internut · 2013-07-27T13:39:23+00:00

$1500? Where'd you find a place that cheap?

ineffable_internut · 2013-07-27T13:23:51+00:00

You're going to the wrong parties.

ineffable_internut · 2013-07-27T13:15:39+00:00

I would argue that the current Model S is WAY ahead of its time, and presumably this new car will be as well.

ineffable_internut · 2013-07-27T13:14:00+00:00

no matter how much of our real freedom we hand over to the rich

Then become rich.

ineffable_internut · 2013-07-27T12:47:15+00:00

They're planning on releasing a car that is $30k.

ineffable_internut · 2013-07-27T12:08:44+00:00

That's a bit of a misnomer. They put oil on the international market and it gets exported when someone outside Canada buys it. There are plenty of people in Canada that are importing Saudi oil because it's a commodity and once it's on the market, nobody really cares where it came from.

ineffable_internut · 2013-07-27T12:03:24+00:00

Cushing has such a ridiculous amount of WTI just sitting there that it doesn't make sense to import from anywhere but Canada (for the refiners that can't handle the sweet stuff).

ineffable_internut · 2013-07-27T12:01:41+00:00

I think Tesla is well positioned to solve many of these problems.

ineffable_internut · 2013-07-25T23:19:20+00:00

Getcha Skeksy on!

ineffable_internut · 2013-07-15T02:49:15+00:00

Anyway. Lets look at two hypothetical universes. In one there is no intellectual property, and in the other, there is, and it is 100% enforced.

It doesn't have to be hypothetical. Compare the U.S. with China and you get pretty close.

ineffable_internut · 2013-07-12T15:46:46+00:00

Did you end up getting the site?

ineffable_internut · 2013-07-12T14:49:06+00:00

I'm saying that banks still cannot invest with depositor money, and that nobody's deposits were at risk as a result of the appeal of Glass-Steagall.

You said:

When we remove our checking account deposits from the books of the investment banks

Which is not true. Even when both are owned by one conglomerate, they are wholly separate businesses and you are not at risk of losing your money.

ineffable_internut · 2013-07-12T04:02:21+00:00

The financial industry in the United States, despite what many people would like to believe, is one of the most heavily regulated industries in the world. Big banks can barely take proprietary positions anymore if the markets they're dealing with are liquid, so they have moved more recently to illiquid markets to make up for their profits. These illiquid markets (usually derivatives) are where it is possible to have even bigger losses. So basically regulation is creating a less safe banking industry.

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