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Federal Reserve Raises
Key Rate Target to 2.5%
Wall Street Journal ^
| February 2, 2005
| GREG IP
Posted on 02/02/2005 11:42:34 AM PST by presidio9
click here to read article
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To: Southack
Funny, I didn't hear you defend the Fed once in that entire rant. :)
21
posted on
02/02/2005 12:18:58 PM PST
by
adam_az
(UN out of the US! - http://www.moveamericaforward.org/?Page=Petition)
To: presidio9
22
posted on
02/02/2005 12:19:55 PM PST
by
sully777
(It's like my momma always said, "Two wrongs don't make a right but two Wrights make an airplane.")
To: presidio9
I thought the Dems like Hillary say the economy is about to collapse. here's a question, if higher rates are a monetary attempt to keep growth in check, why would the fed raise rates if the economy is collapsing like Hillary says?
23
posted on
02/02/2005 12:20:19 PM PST
by
1Old Pro
To: sully777
24
posted on
02/02/2005 12:21:42 PM PST
by
sully777
(It's like my momma always said, "Two wrongs don't make a right but two Wrights make an airplane.")
To: AdamSelene235
"No, expansion of credit plus false incentives for home indebtedness (not ownership) inflates home prices. This ultimately leads to dollar declines, but as I have said many times, inflation is neither instantaneous or homogeneous." Inflation need be neither instaneous nor homgenous; your home value is still going to increase at or above that rate of inflation.
Inflation, by definition, means that assets cost more. That applies to your biggest asset, your house, as well.
Nor is home ownership "home indebtedness." Unless you paid too much originally...and even then it is merely a matter of time before your appreciating asset overtakes your depreciating debt.
Remember: inflation reduces your debt, too.
25
posted on
02/02/2005 12:21:59 PM PST
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Red Badger
They must see some good signs of economic growth over the next few quarters that may need the reins pulled to keep it from becoming over-inflationary. Keeping a steady growth without the spikes....... Economic growth is deflationary. The Fed is raising rates to support the dollar.
26
posted on
02/02/2005 12:23:41 PM PST
by
Moonman62
(Republican - The political party for the living.)
To: expat_panama
Everyone seems to be looking for the dark lining in the silver cloud, but IMHO there ain't none. We have an economy so solid that the Fed can raise the discount rate and the markets react by going up. Keep an eye on the yield curve.
27
posted on
02/02/2005 12:28:16 PM PST
by
Moonman62
(Republican - The political party for the living.)
To: presidio9
I am just glad that we locked in our 5.75% this week. Dang that was close!
28
posted on
02/02/2005 12:34:45 PM PST
by
Conan the Librarian
(The Best in Life is to crush my enemies, see them driven before me, and the Dewey Decimal System)
To: presidio9
Egads! My credit interest rate will be increasing also.
29
posted on
02/02/2005 12:45:22 PM PST
by
lilylangtree
(Veni, Vidi, Vici)
To: sr4402
rain in the Fed bank if housing dips too much It won't rain in the bank, but any dripping inside the house could be a sign that the roof is leaking.
30
posted on
02/02/2005 12:49:01 PM PST
by
RightWhale
(Please correct if cosmic balance requires.)
To: AdamSelene235
No, expansion of credit plus false incentives for home indebtedness (not ownership) inflates home prices.You're right about inflating home prices.
But-so you're saying only someone with $100,000 in the bank should own a house?? If people SAVED to pay 100% cash for a home, about 84 people nationwide would own all of the houses across the country.
31
posted on
02/02/2005 12:49:31 PM PST
by
RockinRight
(It's NOT too early to start talking about 2006...or 2008.)
To: RockinRight
But-so you're saying only someone with $100,000 in the bank should own a house?? If people SAVED to pay 100% cash for a home, about 84 people nationwide would own all of the houses across the country. No, I'm distinguishing between home ownership and home indebtness. "Ownership" is a bit of a joke anyway since most people only have color of title not an actual title to their homes.
32
posted on
02/02/2005 12:52:11 PM PST
by
AdamSelene235
(Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
Comment #33 Removed by Moderator
To: vishnu6
There is a reasonable balance here. Credit, when used wisely, can be a great thing, both individually, and for the economy. However, giving credit cards to high school girls with no job and a love for shopping at the Gap is just stupid and I fear what may happen in the future as a result.
34
posted on
02/02/2005 12:54:05 PM PST
by
RockinRight
(It's NOT too early to start talking about 2006...or 2008.)
To: AdamSelene235
What is your opinion of real estate/property taxes?
35
posted on
02/02/2005 12:54:34 PM PST
by
RockinRight
(It's NOT too early to start talking about 2006...or 2008.)
To: AdamSelene235
What do you consider ownership of a home?
I'm genuinely curious.
36
posted on
02/02/2005 12:56:29 PM PST
by
RockinRight
(It's NOT too early to start talking about 2006...or 2008.)
To: Southack
Inflation, by definition, means that assets cost more. That applies to your biggest asset, your house, as well. No, inflation is an increase in the money supply. The nonlinear effect on prices depends on the past history of the system.
37
posted on
02/02/2005 12:57:05 PM PST
by
AdamSelene235
(Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
To: RockinRight
What do you consider ownership of a home? Nobody would argue that owned your toothbrush if you had to pay the government $1 every year to keep them from taking it away. This is called renting.
In order to own a home in America you are generally required to pay arbitrary tribute to the local political authority. Usually these funds are used for the indoctrination of children.
38
posted on
02/02/2005 1:04:08 PM PST
by
AdamSelene235
(Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
To: RightWhale
To: AdamSelene235
generally required to pay arbitrary tribute to the local political authority. Usually these funds are used for the indoctrination of childrenIf everyone heard it worded that way on a daily basis instead of "property taxes for education" people would suddenly become a lot more conservative, methinks.
40
posted on
02/02/2005 1:21:01 PM PST
by
RockinRight
(It's NOT too early to start talking about 2006...or 2008.)
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