There goes the real estate market.
Why did the major markets decline on this news when it is exactly what was expected?
A mere pin prick............................
I mean, just a few months ago their treasury secretary Janet Yellen said inflation was no worry, just transitory. Now it's a crisis of historical proportions. These folks really are totally and completely inept. Lesson here; don't believe anything from Brandon and his group of idiots.
At slightly after 2pm, market indexes struggling to stay at fractions above negative.
At a press conference on August 12th, 1986, US President Ronald Reagan said, “The nine most terrifying words in the English language are ‘I’m from the government and I’m here to help.’”
...and promptly squashed the dead-cat bounce in the markets today.
Some market analsysts this morning were interpreting a 75 basis point rise as a positive move the markets would like - positive in the one sense that the Fed was getting serious about inflation, which a mere 25 or 50 basis point rise would not be.
Do we need to bring back the old “Whip Inflation Now!” buttons?
Too little, too late.
Farmer Brown closed his barn door in an historic attempt to keep the runaway horses from running away.
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.
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!]
End the boomeranging suicide sanctions and ensure the free flow of fuel, fertilizer, and food.
Supplies will increase.
Prices will decrease.
Like p*ssin in the wind......
On the positive side, if they keep going perhaps CDs will be a worthwhile investment again.
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?
Its a “historic” move because our economy hasn’t been this bad in recent history.
Well, the New York Times endorsed Jimmy Carter in 1980 Against Ronald Reagan. They finally won. This is Jimmy Carters second term. And he is alive to see it. Weakness on foreign policy and high inflation
Whip
Inflation
Now
Here we go again
Same old thing again.
Hey kiddos those that are too young to remember the late 70’s, hang on to your hats. It is going to be rough ride.