Posted on 09/17/2015 5:37:33 AM PDT by citizen
Also...excellent point about better interest rates encouraging people to retire early and open up more job and promotion opportunities for young people. Of course, the only thing that will really get 90 million people back to work is 4+% annual growth rates and unwinding all the damage done by the communist in the WH.
Please remove the post I made in error. Thank you. And I have also asked you privately to remove it and have identified it to you.
Thank you very much.
Since destroying the citizens of the US is one of the goals of Obama and his cadre, whichever he and they perceive to be the best move to accomplish that will be the decision.
I don’t think any one, old or young, expects to actually make money via interest on saved cash.
Those of us nearing full SS retirement age don’t want to leave 100% of our life savings at risk in stocks or other equity investment funds so we will have a lot of our retirement money in a money market, a CD or savings account.
If we can get 2%-3% income off of it, well that’s great. I also have 401k/Roth accounts and can live just fine on SS monthly and then dip into the savings or investment accounts when I need to.
The point is, earning a modest return on the equities/bonds and also on the cash savings is important to me. Getting the USA off ZIRP will make my savings pile last longer. The way it is now I’m getting next to nothing for savings interest yet inflation is ongoing, albeit at a low rate.
That was a great post!! But I was trying to figure out how it related to me and/or to the economy.
PS - I’m a Roy Orbison fan, too :)
Yeah, but Carter's still alive (and eligible), and the raises did actually began during his term.
What a horrifying thought.
IMHO 25 basis points is no big deal. I think in a week things will be back to “normal”.
NO RATE HIKE @!!!!!
Wow. Makes no sense...
And the House O’ Cards stands.
It makes sense if the Fed knows the truth about how bad the economy really is instead of falling for the lies being put out by Obama.
Watch this and you should then know the answer to THAT question!
I’m not surprised. They’ve had to cook the data to have the economy seem to be working at all.
We’re probably getting the same quality economic data as is being released about our supposed success versus ISIS. Which is to say fudged data.
Rates aren’t the problem though, and they’re fanning the inflation flames which are being hidden by the statisticians and gov’t counters.
It stands unchanged.
I have heard rumours that Yellen would rather have her eyebrows ripped out than increase rates.
In my mind, it is a short sighted decision. The only leverage the Fed has other than QEforever is to be able to adjust interest rates.
Absolutely! It's still as sturdy as the day it was stacked.
Just announced, the Feds are not raising the interest rate. Surprise...not!
The only places are see inflation are in areas the government is distorting the market: healthcare, education, certain foods stuffs ect.
I can go into walmart and buy clothes for the same or less than I could 30+ years ago.
I think any good economic forecaster can look at these times and see caution is advised. All these headwinds, as they say -
China, Asia slowing and getting slower
Other emerging economies are, too
Commodities soft
Economic forecasts being trimmed
Severe winter North America forecast
HP to lay off up to 33,000 more workers
0bamacare to really begin impacting businesses
Dollar too strong vs devalued currencies abroad
Etc and on and on...
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