Posted on 08/05/2024 9:37:08 AM PDT by whyilovetexas111
We have to hope that the Federal Reserve realizes that today’s stock market weakness is unlikely to be a passing fad given the poor underlying world economic and political fundamentals. Maybe then the Fed will do the right thing and start cutting interest rates aggressively to provide long-overdue support to a weakening U.S. economy.
(Excerpt) Read more at nationalinterest.org ...
No, government is the problem. Spending money like it is going out of style.
Yes it is.
It is also a way to steal the wealth of those holding dollars in foreign countries.
That was the genius of the Petro-dollar.
Until a few months ago anyone buying oil on the international market had to use US Dollars to do so.
That made the US Dollar the world's reserve currency.
Hence billions of dollars being held overseas provides a dumping ground for excess dollars in circulation.
It also made it possible for the US to tax foreign holders of US Dollars by the use of inflation of the dollar.
They will cut interest rates now.
Which might cause things to look good in the short term — See? Bidenomics is working!!!!
But by about January 2025, inflation will be very obvious — See?? President Trump is tanking the economy!!!!
The housing market isn’t taking off anytime soon given the current mortgage rates. The other issue with the housing market is the higher costs just to build a new home due to material costs being higher.
Let’s face it, government isn’t going to cut spending anytime soon, if ever. Spending is like cocaine for the government, and they can’t get enough it. How else are the elected officials supposed to get their handouts and kickbacks.
Raising rates would likely just crash the system considering how much Americans and businesses have tied up in credit.
At some point in time, the Powers-that-Be, need the U.S. and all of the other countries around the world to have their economies and currencies collapse. Out of this situation, there will be an offer from the IMF, World Banks, U.N., etc.; that those countries which subscribe to the new global currency, will have all their debts reset to zero. There will also need to be additional powers handed over of course, in order to insure full compliance.
Anyone want to doubt that, just go look at the debt-to-GDP for numerous countries and you’ll see how there is a near-zero chance that their debts will ever be covered. Especially when the interest debt is exceeding what can be paid.
Wrong. Their job is to keep inflation in check as their primary job. Stock market is not the #1 concern.
Inflation hurts everyone especially the poor and middle class.
Yep. Watch the first quarter of the Trump administration they’ll finally admit to a real inflation rate.
“[inflation] is also a way to steal the wealth of those holding dollars in foreign countries.”
Money, currency, debt, inflation, finance ... the slipperiest of subjects!
Also the army of deceivers out there.
Well, since the stock market hasn’t actually crashed, or even entered correction territory as of yet, I would have to say.. NO!
So many free money addicts and investment whores desperately want those rates lowered, inflation be damned!
Screw that. Let’s talk when the markets shed around 33%.
It’s the FED picking winners and losers, as always.
Which group are you in??
The Harris bump is over.
And how die we get boxed into this situation? I would say just a part of the problem is by playing fools games with interest rates for selfish reasons. It sure made it easy for the government to borrow into the stratosphere.
Here’s a question. The DOW opened at 39,056 and it currently sits at 38,786 which is -270. Yet the ticker says it’s down -921. What am I missing?
Let the marketplace set interest rates. Why let a bunch of partisan leftists screw things up after decades of demonstrated incompetence? I wouldn’t let Yellen or Powell babysit my cat.
is it irony when ‘National Interest’ is advocating the destruction of the nation by inflation?
Volker kept rates high but cut taxes on production, so there were more goods to be chased.
And bank accounts it’s not far down the road from happening?.
When they close the banks, maybe people will wake up.
An “emergency cut” would be the dumbest move imaginable right now.
Kamala and Biden sure haven't brought much stability to people's retirements.
5. 20% import tariff
6. Open ANWR for drilling
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