GG Posted January 14, 2016 Share Posted January 14, 2016 Watch that pal.... Slightly, kinda, almost, perhaps unintentional Link to comment Share on other sites More sharing options...
unbillievable Posted January 14, 2016 Share Posted January 14, 2016 Obama will save us with his pen and phone. He promised us just yesterday that everything is great! Link to comment Share on other sites More sharing options...
Chef Jim Posted January 14, 2016 Share Posted January 14, 2016 http://finance.yahoo.com/news/goldman-sees-11-upside-p-110512886.html I'm so confused. Link to comment Share on other sites More sharing options...
unbillievable Posted January 15, 2016 Share Posted January 15, 2016 So what do you do when there are experts saying we're headed towards a crash and boom at the same time? Link to comment Share on other sites More sharing options...
Tiberius Posted January 15, 2016 Share Posted January 15, 2016 So what do you do when there are experts saying we're headed towards a crash and boom at the same time? Long term investor? Make sure you are diversified and keep buying. Low energy prices will be a positive in the long run even if they are hurting some companies today: A Flat Fourth Quarter for Wells Fargo New York Times - 2 hours ago Wells Fargo's profit was flat in the fourth quarter and its revenue rose only slightly, as the bank grappled with the strains on loans in the oil and gas industry. https://www.google.com/finance?ei=7PKYVoi-IpSfebHrl7AG Link to comment Share on other sites More sharing options...
Deranged Rhino Posted January 15, 2016 Share Posted January 15, 2016 So what do you do when there are experts saying we're headed towards a crash and boom at the same time? Whatever you do, you do not take financial advice from an asshat. Link to comment Share on other sites More sharing options...
DC Tom Posted January 15, 2016 Share Posted January 15, 2016 https://www.google.com/finance?ei=7PKYVoi-IpSfebHrl7AG But how can an agency of the federal government lose money? Link to comment Share on other sites More sharing options...
Tiberius Posted January 15, 2016 Share Posted January 15, 2016 But how can an agency of the federal government lose money? How is wells fargo an agency of the federal government? And don't say I said that, I did not Link to comment Share on other sites More sharing options...
DC Tom Posted January 15, 2016 Share Posted January 15, 2016 How is wells fargo an agency of the federal government? And don't say I said that, I did not It's part of the Fed. So it's part of the federal government. So it's a federal agency. [\gatorlogic] Link to comment Share on other sites More sharing options...
Azalin Posted January 15, 2016 Share Posted January 15, 2016 It's part of the Fed. So it's part of the federal government. So it's a federal agency. [\gatorlogic] Sort of like how American Airlines is part of the fed, since they're regulated by the FAA and receive government subsidies. Link to comment Share on other sites More sharing options...
Tiberius Posted January 15, 2016 Share Posted January 15, 2016 It's part of the Fed. So it's part of the federal government. So it's a federal agency. [\gatorlogic] It's regulated by the fed, it does own Fed stock, but it is required to by law, but that doesn't make it part of the Federal Government anymore than me owning Apple stock makes me a part of Apple Link to comment Share on other sites More sharing options...
Deranged Rhino Posted January 15, 2016 Share Posted January 15, 2016 Link to comment Share on other sites More sharing options...
Tiberius Posted January 15, 2016 Share Posted January 15, 2016 Sort of like how American Airlines is part of the fed, since they're regulated by the FAA and receive government subsidies. Yes, ridiculous. Thanks Link to comment Share on other sites More sharing options...
Deranged Rhino Posted January 15, 2016 Share Posted January 15, 2016 Link to comment Share on other sites More sharing options...
Jauronimo Posted January 15, 2016 Share Posted January 15, 2016 The RBS guy is an interest rate strategist & economist. They have a way with hyperbole. But his main worry is spot on. Time for cash under mattress. RBS fixed income desk advising everyone to cash out of equities all together and put everything in fixed income? Sounds great. I do generally agree with the guy though. I just cashed out of some of my bigger positions to lock in gains and have cash ready for a big buying opportunity. I think this market will continue to slide. Its time to pay at least some of the bill for stimulus and gov debt fueled growth. http://contrarianedge.com/2015/10/07/shadow-over-asia-2/ https://www.youtube.com/watch?v=p_lCBNUzfg4&feature=youtu.be Link to comment Share on other sites More sharing options...
DC Tom Posted January 15, 2016 Share Posted January 15, 2016 It's regulated by the fed, it does own Fed stock, but it is required to by law, but that doesn't make it part of the Federal Government anymore than me owning Apple stock makes me a part of Apple What makes it part of the Fed is it being a "member bank." And Wells is required by law to be a member of the Federal Reserve. So as part of the Fed, it's part of the federal government. Link to comment Share on other sites More sharing options...
Azalin Posted January 15, 2016 Share Posted January 15, 2016 Yes, ridiculous. Thanks I knew you'd understand that. Link to comment Share on other sites More sharing options...
Deranged Rhino Posted January 15, 2016 Share Posted January 15, 2016 What makes it part of the Fed is it being a "member bank." And Wells is required by law to be a member of the Federal Reserve. So as part of the Fed, it's part of the federal government. 0% chance he understands what you're saying in regards to his own arguments... Link to comment Share on other sites More sharing options...
Tiberius Posted January 15, 2016 Share Posted January 15, 2016 What makes it part of the Fed is it being a "member bank." And Wells is required by law to be a member of the Federal Reserve. So as part of the Fed, it's part of the federal government. Well, you can make that argument Link to comment Share on other sites More sharing options...
Deranged Rhino Posted January 15, 2016 Share Posted January 15, 2016 Link to comment Share on other sites More sharing options...
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