Posted on 02/13/2022 8:13:31 PM PST by bimboeruption
Riots will be in when they cutoff EBT cards and Section 8, followed shortly by heads on poles when Social Security and Medicare are reduced or abolished.
Absolutely correct almost no one understands this
“Recession already started? How about the Fed stops quantitative easing FIRST & stops buying bonds before it considers hiking rates. The inflation mostly is from regulatory changes & supply chain problems along with fiscal stimulus. Some people think we need a recession to kill demand for labor to drive down wages, but a recession now would mean $2 trillion deficits & would not make inflation go away, because of course, the Fed would have to ease again if the real estate market & stock market crashed..Stalinist Covid19 shutdowns that caused business failures & bankrupcies & broke landlords unable to fix, repair, raise rents….means tight money is not the answer at all. Let the shutdowns be lifted & the suppy chains fixed and the economy will grow out of the inflation, like it did under Trump. A lot of fiscal stimulus & supply shortages drove up prices. Biden scrapped Trump’s arms deal with Saudi Arabia first week in office, making them an enemy. Iran is not helping us by juicing oil supply. The Fed was in new territory, dealing with artificial shutdowns causing layoffs. They chose to make sure economic panic did not set in with the Covid19 panic, causing housing & stock market crashes like from 2008-2011. We do NOT need that. Austrian school hawks always are wrong. They think recessions are not as bad as inflation, but the 1981, 1990, 2001 & 2008 & 201o recessions have led to a Leftist takeover, as Marxists convince more & more voters that capitalism is unstable, does not work, is not fair & equitable & hurts lower wage blue collar workers most. People who just climbed to their feet & recovered from the 2001 & 2008 & 2010 recessions will have low seniority again & will get knocked off their feet again——and then they will look to GOVERNMENT to keep them from being homeless & starving to death. “—- —-( a friend’s opinion)
The market has already priced in 4 rate increases.
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The Bond Market is already raising rates. The FED has to follow.
Not true. 1970s stagflation was the result of anti wealth and anti business/capitalism liberal tax and regulatory policy. The Fed allowed the inflation because it was better than a DEPRESSION. It took Reagan’s tax and regulation changes to get economic growth and lower inflation….increasing competition and innovation. The recession was not necessary. I believe the Fed was favorable to Carter and Democrats and hostile to Reagan. It kept Carter out of Depression , then shackled Reagan by recession which caused Reagan to lose big in the midterms. Volcker did NOT have to do what he did. Supply side economics only can work if the money supply grows fast with the economy. The economy cannot grow fast unless the money supply grows fast because money is the fuel that drives economic growth. That is what capitalism IS. That is how a rising tide lifts all boats—-more money being created but NOT more inflation. More goods and services. More competition and innovation. The money supply grows faster to accomodate faster growth, but without more inflation….therefore, you are taxing a bigger and bigger monetary bases, which is why and how you can get to a budget surplus with lower tax rates—-as long as the Fed does not try to use the brakes as the cooling system of the engine to keep it from overheating. The Fed is supposed to be like fuel injectors, not the brakes and gas pedals…..and the brakes are not the cooling system. You do not jam on the brakes to keep the car from overheating and not all cars are alike. 1970s was like a Yugo car. Trump’s economy was like a Cadillac, cruising 70mph in control and nowhere near the redline.
Land of the free, home of the closed door meetings to decide your financial future. How did it come to this and why do Americans of ANY stripe put up with this.
No. If I'm reading the announcement correctly it's a closed meeting of the Board of Governors. They don't raise interest rates, the Fed Open Market Committee does. They aren't scheduled to meet again till March.
Many are confusing supply chain scarcity price hikes with monetary inflation price hikes.
Plenty of monetary inflation:
https://fred.stlouisfed.org/series/M2SL
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
An argument can be made that monetary stimulus leads to supply chain price hikes as “too much $$ chases too few goods” (COVID prod. issues + “stimmy checks”/child tax credit welfare checks). Not to mention the equity bubble. Interesting to see how they try and “soak up” the excess $7-$12 Trillion.
The Woke Socialist blitzkrieg against fossil fuels is the reason for our current wave of inflation.
Higher prices for everything were guaranteed the moment that Biden killed Keystone, a theatrical move with real world consequence.
“They” knew it would happen. This is by design.
Store shelves are not empty because people got stimulus checks and are wiping out normal supply.
Combo...more $$ equals more buying...and COVID personnel issues at the supplier/manufacturing level. (Now easing).
BREAKING: The FED Announces Closed Meeting Bring Magic Eight Ball.
Or a global technocracy.
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