Posted on 03/15/2017 2:57:09 PM PDT by HomerBohn
What carbon tax?
PRED!
Yeah, I don’t know. They managed to keep the makeup from smearing on this pig so far. Don’t know how they do it, but they seem to be winning.
Still, I know the day I put money in this market, it will crash, with my luck.
The Fed’s logic is illogical. It ignores the macro-economic factors of both inflation and GDP growth MORE than it acts on the phony “unemployment” figure, which we KNOW, with today’s low labor participation rate is more phony than a two dollar bill.
Some economists may say it is merely an “academic” error of the economic analysis staffs and leaders at the Fed, who are overwhelmingly eggheads from egghead city and not folks with “out in the economy” business or financial experience.
Others, like this article, may think the folks at the Fed are smarter than many know them to not be, and are just going to error on purpose, because of who is in the White House right now.
Having read more than one book lately on just how dumb so many at the top of the chain at the Fed are, I am on the fence as to their greatest problem - they are just too political, or they got where they are through the Peter Principle (rose to their level of incompetence).
For the powers the Fed has, they have it made even above politicians. They can make the most egregious mistakes, gravely harming the country, get away with it and suffer even less consequences than some politician who, because of their record, lose office and can’t get elected again.
I have learned enough since 2008 to understand that the Fed could have prevented the crisis, and instead chose to join the chorus of cheerleaders for the “new economy”, “affordable housing”, massively rising debt, and uncharted financial transactions (”derivatives and CDOs) amounting to more than the economies of the world), while they kept saying conditions were manageable, even when the first canaries in the coal mine had begun to sing.
All the top Fed officials should have been fired in 2008, not out of any partisan interest, but of the national interest. If they weren’t so stupid, they would have listened and respected a few dissident voices within, they would have been shouting with all their institutional strength at the rest of the federal government and taken their own fuel (low interest rates) off the housing bubble fire. By the time they did the bubble was already bursting, with its virus of subprime debt within.
I should have said energy taxes but the carbon tax nonsense is what the left continues to push now and has passed in some states. In the leftists hands, they both try to achieve the same results in trying to push us out of cheaper and more available energy and towards more expensive energy.
They try to use tyranny or the power of government to try to force us out of what is cheaper and more available energy, thus putting the squeeze on every American household with higher energy prices when in reality, it does not have to be.
CGato
bkmk
Small problem with that thesis. The market reacted very positively to a slight rate increase. Many people here are just insistent that debt is this massive issue, and that to prevent inflation, we need to have fewer dollars. Well, they got it.
Personally, I don’t think debt is at all reflective of the state of the US economy, which hasn’t been properly valued in 25 years to account for the vast, overwhelming increase in productivity from computers. In other words, we could print money from now til doomsday and probably not make up ground on the real valuations of US assets.
Indeed, quite the contrary, the Dow went up 112 today on news of an increase.
Wish they would have given the amount of the derivatives.
Oops saw the number.
The global elites may not be as bulletproof as they think they are.
The Atlanta Fed just cut its Q1 GDP forecast from 1.2% to 0.9%, a number which if confirmed would be the lowest quarterly print in year, just two hours before the Fed’s rate hike quite humorous. As a reminder, the number was as high as 3.4% one and a half months ago. Retail sales are also falling off the table. Despite these facts they continue to raise rates. The stock market is feeding of the FED “confidence” in the economy.
The libs will declare a recession next year prior to the election.
“...$20 Trillion National Debt.”
I read total tax receipts under Obama in eight years was roughly $20 TRILLION!!! This country blew TRILLIONS on NOTHING but slave debt upon our children. How the hell can anyone blow so much money!!!??? This government is degenerate!
Trump needs to replace Yellen with someone he can trust.
I just read an article on the debt ceiling. I’m now pretty convinced the Deep State and the New World Order globalists are going to attempt to crash the economy. When there’s a crisis, there is panic and fear. When there is panic and fear, people will reach out to anyone for a solution. They will surrender their freedom, their rights, and their very being for “security.” This is when the globalists will make their move.
It was intentional. Obama was following the Clowerd-Piven plan for economic destruction to bring about radical change.
Every cent spent and borrowed during Obama’s Reign of Terror was intentional.
Why do you think the Obama Congress never passed a single budged? Without a budget, you can spend as much as you want every year. There is no limit without a budget. And Obama never proposed a budget in 8 years nor did the Commie Rats ever pass one.
They were pulling for the destruction of the American economy.
All of their treason is intentional, and intent on destroying us as a nation, a culture, an economy.
The scenario for our future.
America is so riddled with enemies; some are RepublicRATs like the senile McCain and his toady Graham. McCain works feverishly to discredit our nation and our new president who is doing what he promised, but that doesn’t fit in with these weasels and their thirst for a new world order.
America desperately needs more Conservatives of the right wing variety in Congress. We finally have a president who understands the seriousness of our problems. We are being strangled to death by a burdensome, evil bureaucracy that has swelled out of control.
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