Ludicrous Speed is too slow. Crank it up to Zimbabwe Speed.
Posted on 08/24/2020 5:38:19 PM PDT by Enlightened1
“Home prices will fall, because mortgage rates will go up.”
No, inflation will raise home prices.
Interest rates ARE low, but banks are NOT lending, a paradox of sorts.
Too much regulation: Easy money for the DeepState, very tight money supply for the peasants.
The Dems would rather rule in Hell than serve in Heaven. We all had better know this.
Everyone is going to pay for this China Virus except those who caused it.
The Dems would rather rule in Hell than serve in Heaven. We all had better know this.
Everyone is going to pay for this China Virus except those who caused it.
******************************************************************************
Maybe or maybe not. If that 3G Dams goes, I’ll consider it God’s revenge on the perpetrators for the WuHuFlu.
Yeah, the Fed’s timing isn’t that precise...the “bubble bursting” crashes are hard to time...the late 2007 crash was coincidentally an election year (most of the crash after the Nov. election) , but I am pretty sure that was a coincidence.
Don’t hold your breath.
Its just fiat money anyway
Backed by the good wishes of tbe bankers and unicorn farts
The dollar today is worth about a penny if you go far back enough
Whatever he says is a careful calculation with only one goal in mind...”Get Trump!”
Wage increases in salary just means chasing higher and higher prices in a laggard way, it will “come out OK” only if you squint, and onlyin nominal numbers on paper. Monetary Inflation is a kind of tax.
The truth is ordinarily prices over time go _down_, not up, generally speaking. We’re being robbed, essentially. All sorts of jiggery-pokery is invoked to try and dance around this plain fact. Hedonistic adjustments, substituting margarine for dairy butter in the CPI.
Hell, they don’t count food, energy, or housing costs in the official inflation numbers. Anybody who claims 2% avg monetary inflation over the years is smoking their socks. Now they want to kick it into overdrive apparently.
Ludicrous Speed is too slow. Crank it up to Zimbabwe Speed.
The media was determined to have a crisis that year. First housing then Bear Stearns.
Don’t fix something that isn’t broken. We haven’t had an inflation problem since 1981. I would reject this policy and replace the Chairman if I were President.
Long ago I read an article that said when you see “Federal Reserve” substitute the phrase “banking cartel” and everything they do will make much more sense.
Harrison Ford vacations there.
Maybe we can get him to fly Powell there...
I don’t think he can replace the Chairman.
The problem is the higher prices come long before the wage adjustments. So people fall behind in real terms.
There are a lot of versions of the Consumer Price Index produced by the Bureau of Labor Statistics. Those used for calculating Social Security and I-Bond interest rates do include energy and food costs.
I remember my I-Bonds did strange things because of a big jump in energy prices around 2006.
...Universal debt holiday.
Kills every pension and retirement plan out there
Elderly pauperized at a time when they can’t recover
Quick way to rapidly prune down Medicare and SS rolls
Yes, payback time for the bloody little tick.
BAD MOVE.
We already have inflation. It is being hidden and lied about. Just like laws against price gouging. A sham as well. Both inflation and price gouging are alive and well.
Powell is making a political move to blunt the stock market and then the economy.
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