Posted on 12/06/2023 5:03:11 AM PST by davikkm
The foundation of the American economy is shaking as the job market faces a significant downturn. The pillars that have supported the markets over the past year—high employment and robust consumer spending—are now showing signs of vulnerability. This morning’s job numbers confirm the ominous trend, with the number of US job openings experiencing the sharpest decline since March 2021, according to JOLTS data.
Yields on 10-year Treasuries are plummeting, down 80 basis points in less than a month to below 4.2%, the lowest since August. Amidst this economic turmoil, some argue that the Federal Reserve is out of touch with reality, calling for at least five interest rate cuts in 2024 alone to prevent a recession.
(Excerpt) Read more at citizenwatchreport.com ...
We deserve a Hard Landing.
Sadly those responsible, (yes I’m talking to every damned Democrat politician), won’t feel the pain. RINOs will escape pain too. Too many years of Graft and Corruption has ensured that both groups will survive with WELL PADDED nests to ride out any economic collapse.
Democrats and RINOs, just opposite ends of the SAME TURD!!!
I think George Washington said something similar about political parties just a bit more eloquently!
Interest rates need to go much higher to stop runaway inflation and runaway spending.
Interest rates need to go much higher to stop runaway inflation and runaway spending.
We will see how politicized the Fed is if they cut rates thus restarting inflation. It would be a boost for the Biden economy, albeit short-lived.
As a family member of mine said, “it can’t be that bad, look at all the people at sporting events!”
I’ll take reasons Bidenomincs is working for 100 Alex!
The fed will cut rates in 2024 in order to stall (briefly) the effects of bidenomics. The effect will be a disastrous 2025 but by then the election will be over. If Biden has won the left no longer has any worries about future elections. If Trump has won it’s a sticky wicket to land in his lap. Either way the fed sees no reason not to go with the stalling.
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