Prepare for ‘Carter-like’ mortgage interest rates!
I remember those days- it was around 18%
It is up to Fed Chair Jerome Powell and policy error brigade
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Errors brought about by incompetence, mismanagement and ignorance.
Jimmy Carter’s “national malaise,” here we come!
Wheeeeee!!!
And we’re off!
-208.54 DJI
How is the dollar strengthening and oil price dropping? Are overseas investors buying up dollars? I know other countries are bad-—but are they so bad they they want our dollar?
Stocks cratering? Team Biden will just announce that they’re reducing inequalities of wealth. And the left will hail it as progress.
Loan defaults on the rise and will get much worse. Will JP Morgan be the next Lehman Bros?
And gold busts $1700. Wowwww.
The market has already priced in a .75 hike and rates dropped slightly. I’m sticking with 2 hikes and then the Fed flip flops.
With the Government claiming 9.1% CPI inflation and real inflation is ~18% (see shadow government statistics), using the Fed’s Taylor rule with their own CPI Fed Funds rates should be around 13%. It is 1.2% LOL. Moving Fed Funds to 2.2% is a clown show. Using the Taylor rule with the real CPI would be a Fed Funds rate around ~20%.
the Fed simply cannot solve the cost and price inflation caused by energy price increases due to scarcity, a scarcity deliberately created by dementia joe’s green new deal puppet handlers ... in fact, trying to cure an inflation due to lack of natural resources by reducing the money supply will simply drive the economy into a depression ...
The Bank of Canada raised its benchmark rate by 100 basis points on Wednesday. July 26 or 27 The FED here will raise the rate again. Will it be .100? or .75 again?
Stock prices last June went way down when it was raised .75