The unstoppable elephant meets the immovable donkey. Is it time for a short vacation?
Glad to have you back, nsurf9.
Very falid points. QE can't be infinite. At some point someone is going to get fed up with what is happening to their currency and buying power.
The unstoppable elephant meets the immovable donkey. Is it time for a short vacation?
A sound wagon with good wheels filled with crisp newly designed $100 US dollar bills will not realize its intended purpose, unless the driver:
Ensures its wheels are properly lubricated, installed and maintained, and carries a spare;
The load is under maximum capacity and weight is properly distributed;
A suitable path of travel has been chosen;
Thoughtfully heeds weather conditions;
Maintains a prudent rate travel.
Else, you will discover the wheels will fall off, the wagon broken, the US citizens' money stolen, and possibly your hair much shorter.
Good luck, and welcome to the reins Ms. Yellen.
Its appears to me, and I sure Benjamin Franklin knew, the masses will demand that the Republic be given away, if they get their small gift.
The politicans, like the middle age kings and the Romans, found they could steal the buying power of the citizens by printing fiat money much easier than taxing. After about 35% they citizens would revolt and possibly cut off the kings head. Instead, they could spend as freely as they wanted - all they had to do is give the citizens a little something now, and keep the rest for themselves. The citizens will never understand why everything, much later, will cost so much more - even to live - after "QE, infintity and beyond" and when the politicians blame any current or even contrived event.
Look for 1695 as resistence - w/ Obama agreement baked in; 1684 as floor support and logical target - when every realizes the government is still closed.
Permanent Open Market Operations - the only technical or fundamental advice or economic calendar you now need (except for the planned prick bubble date - you have to be an inside-insider for it).
Note today's low volumn of steal the citizen's buying power today on 11/20/13 and not enough to keep the tide rise from lifting all boats. Just a hunch that the market will be, at best, flat.
Tentative Outright Treasury Operation Schedule - Federal Reserve Bank of New York
There are 10 types of people in the world. Those who know binary, and those that don't!!
Retired on December 31, 2018!!
I would just like to roll over un-used IFTs
100% G Fund COB 13 March 2020
Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
Past Returns: 2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%
Happy New Year to all of you great TSP Talkers!
I'm now retired and living and trading in Ft Lauderdale, FL - and following the money on Trade Station.
I'm still unhappy that Congress passed a bill to open a window thru TSP for members, but the TSP Board failed to ever approve it. But, now I am over 59 and 1/2 and I have my own darn (sic) window - without those controlling son of guns (sic). So, now I'm looking to roll over, Roth convert, or cash out my TSP funds.
I miss and respect the many great folks here taking responsible for their own money.
But, I remain honored by the 68 people that gave their commitment to help fund the opening of the window through the TSP system that Congress approved. Those people have my eternal gratitude.
Last edited by nsurf9; 01-12-2015 at 01:04 AM.
Nsurf,
Sorry, had not heard about the window, are you saying more ift's? If so, the tsp board did not approve it?
Thanks,
B
Good to hear from you Nsurf9!
nsurf9,
Happy New Year. Enjoy retirement and Ft. Lauderdale. We get down that way at least once a year and jump on a cruise ship. Take care of that retirement fund and have fun.
May the force be with us.
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