Yep, and that has consequences.
Posted on 01/30/2023 6:51:45 AM PST by Kaiser8408a
The Federal Reserve’s Open Market Committee (FOMC) is meeting on Wednesday. What will they do?
First, The Fed Funds Target (upper bound) is above the Core US inflation rate YoY. Second, M2 Money growth YoY has slowed to -1.3%.
Of course, the members of the FOMC might decide that this is not enough and may keep raising rates and shrinking The Fed’s enormous balance sheet.
In the “Haven’t they suffered enough?” arena, US real disposable income has fallen by -21% since Biden was sworn-in as President.
On the other hand, the Taylor Rule is still pointing to a target rate of 10% (we aren’t even half way there at 4.50%).
Oh and the price of insuring against a US debt default remains elevated (since Biden and Schumer are baving like arrogant bullies) and are refusing to negotitate over spending cuts.
The 1Y CDS volatility cube indicates that it will all be over soon.
(Excerpt) Read more at confoundedinterest.net ...
And they’re not finished yet
Taxation is THEFT! Inflation is THEFT!
Yep, and that has consequences.
That is both figuratively AND literally true. And, it is more than that.
Biden and Schumer are destroying the nation.
__________________________________________________
They could both probably get reelected through a combination of dependent constituents and ballot harvesting if push comes to shove. Neither one of them seem too worried.
Let the layoffs begin. Parents of adult children get your basement ready for them to come home.
M2 is 5x what it was in 2020.
That’s the whole story.
No wonder nobody wants to work.
.
"...Biden and Schumer are destroying the nation..."
.
So what if a few million Americans lose our homes and/or starve to death???
It's not as if many of us aren't packing a few extra pounds, anyway - Right?
/SDDRRBSSA - (Super Duper Disgusted Righteously Repugnant Barely Suppressed Sarcastic Anger)
.
NOW ALL TOGETHER EVERYBODY: - "ARE WE HAVING FUN YET???"
Why does everyone think good news is bad now?
Why does everyone think good news is bad now?
**********
Habit?
maybe I’m crazy, but the American economy, in general, was fine and carried on before the Fed’s inception over 100 years ago. It’s almost like central bank planners weren’t necessary!
Parents of adult children get your basement ready for them to come home.
************
Some children will tell the parents to live in the basement, and park their cars out on the street. Don’t laugh, I’ve seen returning children completely take over the house.
Why does everyone think good news is bad now?
************
Ever increasing numbers of naive and gullible people in this country now. Just saying.
“Habit?”
I think they’ve given up and just want it all to burn. They should join Antifa.
And for once Women and Children (and Retirees!) WILL be hit hardest. :(
And that is why they don't teach our kids anything about money or finances or debt or budgeting in school. Keeps them dumb and enslaved at all economic levels.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.