Posted on 12/14/2016 11:32:55 AM PST by RummyChick
Federal Reserve officials, amid signs that the U.S. economy soon could shed its long period of stagnation, approved the first interest rate hike in a year Wednesday and said it foresees three more increases next year.
The stock market reacted calmly, while the dollar and bond yields rose.
(Excerpt) Read more at cnbc.com ...
That market is in for a shearing. That market is a bubble of QE money and as soon as they start having to pay interest on that money the bubble is going to pop. I think the economy is going to be fine but a lot of investors are about to get a trim.
Where is the money coming from?
Apparently, they didn’t particularly WANT the economy to do better or they would have done some things to try to fix it.
“...When you have the printing presses running at full speed for 8 years, you don’t want interest running on all that debt you’re running up—until you lose the election and you want to screw the next guy coming in....”
Exactly. They’ve been protecting Odongo and his evil policies the whole eight years. You can bet your bippie IF Hitlery had won, there would have been no rate increase...nada.
Yelen is a a joke...a bad one at that. She needs to go.
Odongo has politicized and weaponized just about every agency against the American People. Trump literally has to clean house....top to bottom.
Someone suggested that on day 1 Trump’s people should reject the use of the current unemployment statistic in favor of the U-6 number, which includes those no longer on the rolls, or no longer looking for work, as they put it. That number is currently 9.3%. Refuse to entertain any discussion of any other number. Because THAT number is comin’ down.
Yeah, I’m no oil man either, but I do live in Texas, and I don’t see how an E&P investment is a smart play right now when so much oil has been discovered, pumped, and is sitting in tankers and the price is $30. They will still want to do exploration - and the massive fields off the Gulf Coast may now be fair game. And yeah, if the US economy gets going again, we get the libs complaining how we drive too much, then we’ll start consuming mass quantities again.
I dunno. We’ll see. We are a massive country. We could write off our whole national debt if we wanted to and deemed it so. A lot of this crap is imaginary. National debt is actually the national money supply, so we’re not really talking about debt debt. The question, to me is, where did the 10 trillion dollars they created go? How many times did it circulate? What is its velocity? Where is it now?
Funny you should say that. I was looking online for some toys for the grandkids.....stunning. Very high prices for plastic crap for my daughter to throw out in 6 months. I was looking at a doll in Costco - came with the usual accessories...a couple of outfits, bottle....then I see the thing is $130.00! For a stupid doll! Sorry kids, Nanna isn’t that stupid.
“Apparently, they didn’t particularly WANT the economy to do better”
Totally believe that. Obama hated this country and desired it to fail.
If we had kept the new jobs growth on the prior forty year average starting in 2001, we would now have 45 million more jobs in the U.S. than we currently do.
For that reason, I consider that 45 million a base line of unemployment.
Whatever the number we have employed, add that to it, and then divide 45 million by that result.
My take is that we have in the ball park of 25% unemployment.
Perhaps I should explain why I stick to that.
We have 365,000 U.S. Citizens reach the age of 21 each month. To keep full employment, that is the number of new jobs we have to create each month.
We are creating around 100 to 160 thousand jobs per month.
Each month, that 45 million figure gets bigger.
It is fair to ask, how many retire each month, or drop off the active working rolls. I suspect it’s a lot less than 365,000 due to deaths.
I don’t have that answer and don’t have time to look it up right now.
That 365,000 figure would be impacted significantly, so I should have lowered it. Since I don’t have the drop out figure at 65 or so, I left it and you can contemplate or do some research on your own.
Thanks.
(the 65 drop out rate dawned on me about midway through the response - I included it in the interest of accuracy)
Trump has been calling for a rate increase for months. Yellen does not serve at the pleasure of a president. The job does not get changed with an administration change.
I fully agree. I see this as another attempted sabotage, like the recounts, and the CIA’s rumour mongering.
Unfortunately, this interest rates move will affect the whole world, and in an unpleasant way. But I suppose they don’t care about that.
I take it as an admission they know Trump is going to kick ass.
How about Soros' Money?
So? What’s your point? Every federal agency or department is a creature of statute. If you’re saying we should get rid of the fed, yes, I agree. But that doesn’t negate the fact that the fed can create a recession at will, or that they can raise short-term rates higher than long-term ones without causing a recession.
Probably shed its stagnant growth sometime around the end of January.
This not about 1/4 point rise. This is about Obama,Yellen and the rest of the Marxists.
I have long believed that the Fed is designed to be a political institution. Didn’t Trump recently express doubts about both Yellen and the Fed?
He isn't a Yellen fan, that's for sure. Her term in up in February 2018 so he can name a replacement.
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