Posted on 02/18/2024 10:31:31 AM PST by tlozo
I self-identify as a male lesbian.
I was born that way.
An Abrams tank might be more useful
Powell not going to do enough to matter either way to the economy this year, even if he cuts twice. Will help the stock market. I don’t care about the politics, stopped worrying about these two parties that work together while pretending to fight a long time ago.
When people see inflation in April they will realize this is bs
There’s a reason that he’s mostly seen on Cavuto’s show....I cannot stand either of those guys.
I am reading other articles saying he is going to raise rates. LOL.
Who knows what they are going to do, but anticipating this stuff during an election year is making me dizzy.
A rate cut will be very bad, but may be all that is left to do before it all goes down. Between CRE and the government debt...Powell may have no choice.
Wall Street is a bunch of deranged grifters hoping to rumor their wishes into reality.
It doesn’t matter anymore. We either have an economic collapse with high interest rates, or even more inflation if they cut them.
A repeat of the early 80s won’t work anymore. Back then, high rates cooled inflation. But inflation today is deranged levels of government spending and has nothing to do with consumers.
Back then we were the world’s biggest creditor. Now we are the largest debtor in all of human history, and second place is a very distant second. A bump in interest rates would destroy America. And also, dropping rates will send us closer to hyperinflation. Pick your poison.
It should be obvious to everyone by now that the intent is to destroy America with the border, the cultural assaults, killing the minds of our kids with perversion, the covid economic damage, wars everywhere, etc. They are trying to kill the economy.
probably not
Oh, I agree. When I said better I included the lesser of two evils. I share your belief that the die of eventual demise is already cast. There is not enough air speed and altitude for correction.
“There is not enough air speed and altitude for correction.”
Nice analogy. I agree with you.
And that contains inflation how?
Corrupt Morons are running the country.
If Trump were POTUS, they would raise rates.
The Federal reserve, the media, government itself, doesn’t want the will of the people. They want your money, not your opinion.
If Trump wins (if they let him. They can cheat enough to keep him out or just toss him in jail. No not enough of us will vote for a jailed Trump. Don’t attack me. I will) I suspect they will crash it all and blame him. They will start the fall during joes lame duck.
Credit card rates start at 19%+ and top out at 30%.
Those are usury rates.
i’m with you. Cavuto is not welcome in this house.
I got that. My comment was more about interest rates in general. 5.25% fed rate is fairly low. Using rates to engineer social/political engineering is not smart. The rates need to be high enough that cuts can stimulate the economy.
You are so right, so it’s frustrating and aggravating to watch them do things that we know will do bad things down the road just for their own selfish short term gain
The point is to anticipate the fall. If one has not done so yet...pay off all cc debt, period.
I laughed when my cc sent me a notice and a new card, yes a new card with “elite” status on it. More perks, no increase in credit line and no decrease in interest rate. Phhht.
Big debts like homes. If everything else is paid off, start on the home debt. As things fall and we convert to a new dollar, the useless old dollars are used to pay the mortgage. Many will not be in a position in a hyperinflation to use the dollars to pay things off, because of other debt. But if everything else is paid off...those hyperdollars slammed into the mortgage will put one in a good position to weather the storm.
For people in the ‘good’ position to do this, the malaise is a killer. We are boxed in at the moment, waiting.
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