Posted on 06/15/2022 11:09:29 AM PDT by rdl6989
The Federal Reserve on Wednesday raised its benchmark interest rate by 75-basis points for the first time in nearly three decades as policymakers intensify their fight to cool red-hot inflation, a move that threatens to slow U.S. economic growth and exacerbate financial pressure on Americans.
(Excerpt) Read more at foxbusiness.com ...
If we had inflation because the economy was hot this might work, but that’s not why we have inflation. We have stagflation. Different animal.
Good. There needs to be about 4 or 5 more of them. Inflation is theft.
-PJ
...just a little pin prick.
There’ll be no more AAAAGGGGGGHHHH
Though you may feel a little sick...
Lesson here: STOP ELECTING DEMOCRATS. The electorate has to learn this lesson over and over again.
And, yes, I fully believe the election was stolen, so we didn’t really get a say.
Agreed
let’s face it, Brandon is not doing well. Our economic crisis is a reflection of that.
Markets are irrational.
right now, stuff mainly costs more NOT because there’s too much money (there is, but the CryptoTulip crash is taking care of THAT excess), but because energy is the primary input into everything that makes up modern living, including resource extraction, resource refining, manufacturing, transportation, farming, fertilizer and agricultural chemicals, food preservation, medical care, communications and telecommunications, computing, internet, online commerce, construction and construction materials, clothing, and heating and cooling ...
dementia joe’s energy policies have been DELIBERATELY designed to curtail domestic energy production, driving energy prices through the roof, thus making EVERYTHING cost more ....
monetary policy can NOT fix the energy shortage, and thus is the wrong remedy for the wrong problem, and the Fed is fighting the previous inflation war ... however, raising interest rates WILL crash the economy, which is exactly what is going to happen now ...
[btw, even a well-meaning moron will make the correct decision 50% of the time simply by flipping a coin, but since dementia joe and his minions are nearly 100% wrong all the time, it HAS to be deliberate!]
“I have become comfortably numb”...
That came to mind right away-seems appropriate for something this FUBAR...
Buy on the rumor, sell on the fact...par for the course.
End the boomeranging suicide sanctions and ensure the free flow of fuel, fertilizer, and food.
Supplies will increase.
Prices will decrease.
Good points.
Like p*ssin in the wind......
On the positive side, if they keep going perhaps CDs will be a worthwhile investment again.
“Not for Big Money. They’ll move right in. It’ll be Pottersville.”
Correct, BlackRock et al have been buying 20-30% of homes anyway and with cash. All this does is drive the housing market out of the hands of consumers Ito the hands of banks. Your hood is about to become a rental hood.
Yeah! Higher prices for all!
Stocks were up today on the news.
What will happen in the coming months? The FED will raise rates again in July by how much?
We had stagflation when Paul Volcker used the same policy.
And bond mutual funds as they try to adjust.
(If this is a repeat, I apologize. It hadn't shown up when I went back to the article.)
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