Posted on 05/04/2021 12:25:06 PM PDT by hardspunned
Treasury Secretary Yellen conceded that interest rates may have to rise to keep a lid on burgeoning economic growth brought on in part by trillions in stimulus spending.
(Excerpt) Read more at apple.news ...
It's the government spending part of the economy that is too hot. Cut government spending.
“somewhat” = “Ohmygawd, what are we going to do?”
Followed by “What will we do with all these severed liberal heads?”
Yeah, brilliant. If you want to call out of control inflation “economic growth” go for it. Technically it sort of might kinda maybe be. If you want to increase debt service costs though, that isn’t going to help control inflation. It’s only going to drive it higher.
The Gov need to stop throwing cash on the ground for everybody to pick up without any conditions. A lot of people should go back to work instead of waiting for the government to stop paying them the freebies
So economic growth is overheating? Then the GNP we had before the “Covid lock down economic sabotage” must have been way too hot to handle! We literally would have spontaneously combusted if the Democrats had not saved us, by killing that dangerous “overheated” economy. Which they did as a public service, you see.
Lucky for them, this had the salient effect of giving them total control over everyone and everything, with fraud, fear, and thereby it making possible for them to steal the election. Documented in that notorious “Time” article, that has already disappeared down the memory hole.
But that is not what Janet Yellen is going to tell us.
Inflation is already well established in commodities. It’s raging.
That will take another couple of months to present at the retail level.
And when it does, Katie bar the door.
It will be a wild ride.
BWAHAHAHAHAHAHAHA
Dumb witch... There is too much money going after too few financial vehicles and the 70,000,000 people that own 60% of the s-—t in the world aren’t buying any more solid gold plumbing fixtures for their 8th mansion. What they are buying is equities... and DEBT.
Last week, Dallas ISD issued $180MM of debt at a true interest cost of .0067%. 20 year Term Bonds priced to yield a whopping 1.3%. These are not variable coupon bonds — fixed rate two payments a year, PAR returned at maturity. People that are getting paid a lot of money to manage the money of the 1%’ers aren’t acting like they expect inflation...
The Fed can do whatever they want with discount and overnight rates. The market isn’t doing diddly about rates anytime soon, so they aren’t moving much for a while.
Just remember that GDP now includes government spending. My Grandkids debt is really heating up!
Trump is going to have another huge mess to clean up. These people are evil morons.
Is her brain stuck in the 70s?
“I’m sure Biden’s got a plan”
Wage and price controls? Worked well for Nixon./s
It’s all too hot.
Not all that free money you see falling from the sky is the government.
Most of it is freshly created by the Fed.
I was around for the 70s.
This is gonna make that look good.
Keeping the interest rates low in and of itself doesn't create money.
The markets are overheating, the economy not so much.
BOHICA!
The economy isn’t hot.
There’s imports waiting offshore,
No truckers working,
Back orders being filled,
There’s demand because surplus product cannot get to market without labor.
The economy isn’t hot...in fact it is recessionary.
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