Posted on 10/11/2018 7:49:48 AM PDT by SeekAndFind
In addition to the Fed, interest rates are determined by investor demand for treasury notes and bonds as well as the banks. Markets exert a great deal of influence over interest rates.
Absolutely.
I DISPISE people who jump on Trump.
He is doing his BEST to fix the mess
the GLOBALISTS created.
In addition to the Fed, interest rates are determined by investor demand for treasury notes and bonds as well as the banks. Markets exert a great deal of influence over interest rates.
...
Yes, they do. But the Fed has enough influence over short term interest rates to invert the yield curve, cause recessions and collapse the economies of smaller countries that have debt denominated in dollars.
Any written piece that begins by calling the President “Mr. Trump”, you know is not written by someone of pro Trump leanings or in this case, an avowed leftest a hole.
How did our attorney general become suborned?
Trump’s mixed record on appointments has been his biggest weakness, by far.
When Trump has to nominate someone for the Fed it is hard to find someone from the field of elitists who will do the right thing.
There’s tremendous amount of inertia and corruption to be overcome. Taking a course of action at the Fed that goes against tradition is a very risky thing that most people won’t do.
???
He hires people, if they can do the job he keeps them. If he doesn’t, he fires them.
He’s running government they way he’d run a business. Arguably, you need the very best serving people and protecting them. Let private business pick up the scraps.
That isn’t the way it works, but I love the fact he runs through people the way he does.
Trump is finally pointing out the difference between his economic success vs. Obama’s massive economic screw up. Obama came in at the end of a huge crash. He should have gotten a big bounce in the first year or two. He did not get that because he was at war with business. The market did go up, but that was because the Fed was so scared that it would tank that they threw trillions of dollars at the market, more than any Fed has ever thrown at a market by far. Negative rates for half a decade and buying up $4 trillion dollars worth of US bonds. So Obama had training wheels on from the beginning to the end. He was never allowed to be in charge of the economy.
Trump is fixing all the trade deals, handling the Chinese. He is fixing the taxes, wringing the last few jobs out of the employment market. And he is slowing immigration. So he is doing all the hard stuff that Obama never had the ability or the balls to do.
True, but he can only appoint from an approved list of nominees. Face it, Mr. President, the Fed doesn’t work for you or for America. It works for its shareholders, most of whom are not American.
The interest rate rise has been a sword hanging over this economy for some time as they have been beyond accommodating for many years IMO. That they choose right before the mid terms to drop the hammer after all these months is a bit of concern for me that the rate jumps have not been apolitical.
The media insists on describing the China Tariffs in US $$ terms. A more accurate report would include the products tariffed.
Here’s the list......
Meat: pork; beef intestine; rabbit meat; venison; frog legs
Fish and seafood:live fish including ornamental fish, trout, eels, tuna, and carp; chilled or frozen meat of various types of trout, salmon, halibut, plaice, sole, albacore, tuna, herring, mackerel, cobia, swordfish, pollack, whiting, catfish, rays, and more; various types of salted or smoked fish; other seafood including various types of lobsters, crabs, shrimps, prawns, oysters, scallops, mussels, clams, squid, octopus, conchs, abalone, sea cucumbers, and sea urchins.
Non-meat animal products such as eggs and dairy:Whey products; butter; various types of eggs including chicken; honey; hair of animals including human, hog, horse and badger; animal intestines, bladders; feathers; bones including shells, beaks, corals, hooves, antlers, and more.
Vegetables:onions; garlic; cauliflower and broccoli; cabbage; carrots; turnips; radishes; beats; cucumbers; peas of various types; beans; lentils; celery; mushrooms; peppers of various types; squash; okra; sweet corn; potatoes; sweet potatoes and yams; some types of tomatoes; spinach; Brussels sprouts.
Fruit and Nuts: Coconuts; cashews; almonds; hazelnuts; walnuts; chestnuts; pistachios; macadamia nuts; pecans; dates; figs; pineapples; guavas; oranges; mandarins; clementines; raisins; grapes; apples; pears; quinces; peaches; berries including strawberries, raspberries, cranberries, blueberries and others; bananas; a variety of dried fruits; peels of various fruits.
Cereals: wheat, including durum wheat; barley; oats; corn; various types of rice; grain sorghum; buckwheat; quinoa; and more.
Mill products: flours including those form wheat, corn, buckwheat, rice, rye, other cereals, potatoes, and bananas; groats and meal of various types including wheat, corn, oats, and rice; malt; starches of wheat, corn, potato, and more
Oil seeds: soybeans; seeds of sunflower, flax seed, sesame, mustard, poppy and more; planting seeds for certain crops; cocoas and mint leaves; and seaweeds.
Sugars and candies: cane sugar; candies with no cocoa
Breads and Pasta:uncooked pasta; various breads, pastries, cakes, and biscuits.
Prepared vegetables and fruits: various vegetables and fruits previously listen in their prepared or preserved forms; various fruit jams including strawberry, pineapple, apricot, and more; peanut butter; various fruit juices including orange, pineapple, lime, grape, apple, and more.
Other food items: soy sauce; condiments and seasonings; protein concentrates.
Beverages and vinegars: water, including mineral water; fruit or vegetable juices and juice mixes; beer from malt; wine, including rice wine; ethyl alcohol; vinegars
Food processing waste and animal feed: brans from processing; oil cakes; dog or cat food; animal feed
Tobacco products: various types and preparations of tobacco; tobacco refuse; cigars; cigarettes; smoking tobacco
Salts and minerals: salt/sodium chloride; sulfur; graphite; quartz; types of clays; chalk; slate; marble; granite; sandstone; dolomite; gypsum; some plasters; some types of cement; mica; Epsom salts
Ores, slag, and ash: ores of iron, copper, nickel, cobalt, aluminum, lead, zinc, tin, chromium, tungsten, uranium, titanium, silver, other precious metals, and others; slag, various types of ash.
Mineral fuels and oils: coal; lignite; peat; coke; tars; various types of light oil; various types of kerosene; petroleum oils; liquefied fuels including natural gas, propane, butane, ethylene, and petroleum; oil shale and tar sands
Inorganic Chemicals: chemicals such as chlorine, sulfur; carbon, nitrogen, oxygen, and silicon; acids including sulfuric, nitric, and more; various types of fluorides, chlorides, sulfates, nitrates, carbonates, and more. (See full list below.)
Organic chemicals: (See full list below.)
Fertilizers: animal or vegetable fertilizers; urea; ammonium sulfate; sodium nitrate; and more.
Tanning and drying extracts, dyes, and paints
Essential oils, perfumes:perfume; lip or eye make up preparations; manicure or pedicure products; shampoo; hairspray; bath salts.
Soaps and cleaning products: various types of soap; leather and textile treatments; polishes for shoes and furniture.
Glues, adhesives, and enzymes
Cigarette lighter fluid
Photographic goods: various types of photo plates; instant film; various types of film in rolls; various types of motion picture film.
Various chemical products: pesticides; herbicides; fungicides
Plastics: vinyl flooring and other plastic floor and wall coverings; sausage casings; bags; gloves including baseball gloves; rain jackets; machinery belts.
Rubber: latex; rods, tubes, and other products; conveyor belts; various types of transmission belts; various types of pneumatic tires; gloves; gaskets; dock fenders.
Raw hides and leather: animal skins including cow, buffalo, sheep, goats, reptile; various types of leather made from cow, buffalo, sheep, goats, reptile; leather trunks and suitcases; leather handbags; CD cases; gloves including ski, ice hockey, and typical use; belts; fur clothing, incluidng artificial fur.
Wood: fuel wood; charcoal; various types of wood including oak, beech, maple, ash and cherry; moldings; rods; particleboard; various types of plywood; doors; corks and stoppers; wicker and bamboo baskets.
Wood pulp products
Paper: Newsprint; writing paper; vegetable parchment; carbon paper; self-adhesive paper; cigarette paper; envelopes; tablecloths; handkerchiefs; folders.
Silk
Wool or animal hair products: cashmere; yarns; tapestries and upholstery.
Cotton: fibers; thread; yarn; denim; satin.
Flax: yarn; fabrics
Man-made textiles: polypropylene; rayon; nylon; polyester
Other textile products, rope, twine: hammocks; fish nets; carpets;
Fabrics: corduroy; gauze; terry towel; lace; badges; embroidery
Headgear: caps; hairnets; wool hats; head bands.
Stone, plaster, cement, asbestos: stone for art; marble slabs; roofing slate; millstones; sandpaper; floor or wall tiles; cement bricks.
Ceramics:fire bricks; pipes; tiles; porcelain and china.
Glass and glassware: balls; rods; drawn or blown glass; float glass; tempered safety glass; mirrors; carboys, bottles, jars, pots, flasks, and other containers; microscope slides; woven fiberglass
Precious stones and pearls: industrial diamonds; silver and products made of silver; gold and products made of gold; platinum; palladium.
Iron and steel and products derived from the metals:drums; tubes; pipes; doors; windows; screws; horseshoes;
Copper: plates; cables; tubes; pipes; springs
Nickel: bars; rods; wires
Aluminum:powder; cable; wire; screws.
Various metal products, tools, cutlery: industrial items made from lead, zinc, tin, and more; saw blades; bolt cutters; hammers; wrenches; crow bars.
Machinery, both industrial and retail: steam turbines; engines; fuel-injection pumps; air compressors; air conditioning machines; refrigerators; cream separators; hydraulic jacks; escalators; manure spreaders; copiers; automatic beverage-vending machines
Electronics: vacuum cleaners; hair clippers; spark plugs; generators; bicycle lights; electric amps; television cameras; various types of TVs; video projectors.
Vehicles and parts: axles; driving shafts; gear boxes; radiators.
Parachutes
Ships and boats: sailboats; motorboats; canoes; yachts.
Instruments for scientific or medical purposes: microscopes; cameras for non-art purposes; gauges for pressure, electrical currents, and more.
Clocks and watches
Furniture, bedding, mattresses: car seats; wood chairs; furniture designed for offices, kitchens, and more; mattresses; chandeliers; lamps.
Assorted items: buttons; stamps; paintings; collections of zoological, botanical, mineralogical, anatomical, historical, archaeological interest
That you appointed them, does not keep you from spanking them
To be absolutely truth and accurate, the list of China tariffed products must be listed by Harmonized tatiff number. The list runs 194 pages and is here;
This is a sample:
0713.31.40 Dried beans, shelled, if entered September 1 through the following April 30, or withdrawn for consumption at any time 0713.32.10 Seeds of small red (adzuki) beans of a kind used for sowing 0713.32.20 Dried small red (adzuki) beans, shelled 0713.33.10 Seeds of kidney beans, including white pea beans of a kind used for sowing 0713.33.20 Dried kidney beans, including white pea beans, shelled, if entered May 1 through August 31, inclusive, in any year 0713.33.40 Dried kidney beans, including white pea beans, shelled, if entered Sept. 1 through April 30, or withdrawn for consumption at any time 0713.34.20 Dried Bambara beans, shelled, if entered for consumption from May 1 through August 31, inclusive, in any year 0713.34.40 Dried Bambara beans, shelled, if entered for consumption other than above period, or withdrawn for consumption 0713.35.00 Dried cowpeas, shelled 0713.39.11 Seeds of beans nesoi, of a kind used for sowing 0713.39.21 Dried beans nesoi, shelled, if entered for consumption from May 1 through August 31, inclusive, in any year 0713.39.41 Dried beans nesoi, shelled, if entered for consumption September 1 through April 30, or withdrawn for consumption at any time 0713.40.10 Lentil seeds of a kind used for sowing 0713.40.20 Dried lentils, shelled 0713.50.10 Seeds of broad beans and horse beans of a kind used for sowing 0713.50.20 Dried broad beans and horse beans, shelled 0713.60.60 Dried pigeon pea seeds, shelled, if entered for consumption during the period from May 1 through August 31, inclusive, in any year 0713.60.80 Dried pigeon pea seeds, shelled, if entered Sept. 1 through the following April 30, or withdrawn for consumption at any time 0713.90.11 Seeds of leguminous vegetables nesoi, of a kind used for sowing 0713.90.50 Dried guar seeds, shelled 0713.90.61 Dried leguminous vegetables nesoi, shelled, if entered for consumption during the period from May 1 through August 31, inclusive, in any year 0713.90.81 Dried leguminous vegetables, nesoi, shelled, if entered Sept. 1 through the following April 30, or withdrawn for consumption at any time 0714.10.20 Cassava (manioc), fresh, chilled or dried, whether or not sliced or in the form of pellets 0714.20.10 Sweet potatoes, frozen, whether or not sliced or in the form of pellets 0714.20.20 Sweet potatoes, fresh, chilled or dried, whether or not sliced or in the form of pellets 0714.30.10 Fresh or chilled yams (Dioscorea spp.), whether or not sliced or in the form of pellets 0714.30.20 Frozen yams (Dioscorea spp.) 0714.30.60 Dried yams (Dioscorea spp.), whether or not sliced but not in pellets 0714.40.10 Fresh or chilled taro (Colocasia spp.), whether or not sliced or in the form of pellets 0714.40.20 Frozen taro (Colocasia spp.) 0714.40.50 Dried taro (Colocasia spp.), in the form of pellets 0714.40.60 Dried taro (Colocasia spp.), whether or not sliced but not in pellets
What does “loco” mean? Some urban slang?
The market is uncertain about the mid terms. They think the house is in doubt.
Just my opinion.
Bingo! If mortgage rates, and other loan rates were around 7%, and retirees could get around 5% on CDs, it would unleash billions that are being hoarded by retirees right now.
With rates so low for decades, retirees have been unable to live off the interest of their savings, instead being very frugal to hold onto as much money as possible, knowing they were going to have to live off the savings without interest.
Of course one can put money in things other than CDs, but few folks take the time to learn about them.
Reasonable interest rates, rather than the artificially low ones of the recent past, while seeming to hurt for a while, in the long run will help the economy.
This is not a surprise. Deep State owns the FED. I have said from the day Trump first bragged about the market, that an October surprise, right before midterm would probably be engineered.
In 2007, I reduced my meager stock holdings by 50%, so the 2008 crash was not a big deal to my investments.
It’s time to do the same again. I have already moved about 10%. I also like to purchase Am. silver eagles when the price of silver dips.
That’s for long term holding - good gift for kids and grandkids when I kick the bucket, and in the interim, a hedge in case SHTF.
In other countries, the central bank is part of the Government. In USA, the people wanting a central bank, planned it, got the bill through congress, but they pretended in public to be against it-cause they were banksters.
However, whenever a Central Bank is part of the Government, it has not seemed to make them any better than our FED. Corruption is rampant in governments all over the world.
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