Posted on 06/12/2024 11:06:25 AM PDT by Miami Rebel
The media and many money shufflers are determined to press the Fed to cut rates as fast as possible.
Idiot dems trying to save FJB. The fed should be raising rates. Cutting them in the fall will cause way more inflation to sabotage Trump’s new term.
It makes no difference: as is evident this year, the Fed pays no heed to “the media and many money shufflers.”
That’s right, keep cutting. Inflation will be 18% before you know it. Probably is already, if only someone would measure it.
Rates are still too low. Real inflation is much higher than 3.4%. Deficits are skyrocketing. Fed needs to do a Paul Volcker shock treatment to the system. They must stop the orgy and take away the punch bowl but they won’t.
Inflation has been steadily easing. Where exactly do you see it growing?
It’s only easing in the press. In real life, it’s off the charts.
“Idiot dems trying to save FJB. The fed should be raising rates”
How does that make sense? I’m not advocating rate cuts, but the plain facts are that inflation is no longer running out of control.
And you don’t have to tell me where prices have been since 2020. What you need to look at are price changes over the last year.
From rent.com, April 15:
National rents remained positive in March, with the median price for an apartment rising by just over three-quarters of a percentage point. While last month’s gains were modest, national median rents have continued an upward trend for the past three months. This signals a return of the rental market’s high-season demand heading into the spring and summer months.
The national median price of an apartment in March was $1,987. On an annual basis, rents grew in March by 0.77 percent, while month to month, rents rose by 0.30 percent. Since January, rents have risen by 1.17 percent, or $23.
“It’s only easing in the press. In real life, it’s off the charts.”
I’m a professional investor, so I try to keep an open mind. Do you have any evidence to back up that statement?
Thanks. I suppose you think Chinese government numbers are real too.
“Thanks. I suppose you think Chinese government numbers are real too.”
Translated: I have no facts.
Government numbers have got nothing to do with it.
I’m relying on real-life markets, i.e., capitalism.
In the past twelve months gasoline is down, steel is down, soybeans are down, lumber is down, cotton is down, nickel is down.
Tell me what numbers you are relying on.
Gold, copper, eggs, beef are all up. Gas is down because Biden released our reserves.
And government numbers are what the fed and markets look at. Not your trips to Costco.
3.4% is still high. I would do another increase in the interest rates to get it under 2.0%.
Inflation remains persistently elevated. Nothing is falling, just growing slower than before but we certainly are not going to see pre pandemic prices in awhile.
It's take years, maybe decades to return to where we were at. Even if we were able to "freeze" the prices today, we will have to wait for our incomes to rise to increase our purchasing power.
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