Posted on 09/01/2022 1:31:22 PM PDT by 1Old Pro
Diane Swonk, the chief economist at KPMG, told Bloomberg that in her mind, these comments signal that the Fed has given up on its hopes for a “soft landing,” and now recognizes a “growth recession” is necessary to reduce inflation meaning the Fed will need to slow economic growth to well below its potential.
“It’s a bit like dripping water torture,” she said. “It is a torturous process but less torturous and less painful than an abrupt recession.”
(Excerpt) Read more at msn.com ...
The Plunge Protection Team has stepped in and the market closed up slightly.
Let me know when it closes over 36,799.65
Guess I won’t be retiring this year.
If it were not for the fed messing with things then the country would not have wild swings in economic activity. And we would not have much inflation. We would just chug along with slight up and downs. And people’s savings would not be decimated. They are just an evil means for the elite to control every thing.
This is NOT on Trump, it’s ALL on these moronic boneheads in the pedoJoe administration and in the communist side of the Congress...every single bit of it is on them, and them alone.
They’ll try to deflect, gas light...you name it, but it’s the dead albatross around their neck...let the stench reeketh from all around em.
Let the People smell and see what these enemies of America have brought forth.
Name one time in history there has been a “soft landing” of an inflationary economy the likes we are experiencing.
This is obviously all Russia’s fault, along with, of course, Trump.
I don’t understand why people don’t understand Brandon’s heroic efforts to save the economy from Russia and Trump!
Something like a dead cat bounce
Market and the rest of us worried sick about the three I's
I one....Inflation.....through the roof
I two....Immigration...Millions flooding in each month
I three..Insanity......Biden's mental state...or lack thereoff
Dead cat bounce on wet cement.
> This is obviously all Russia’s fault, along with, of course, Trump. <
Don’t forget Climate Change. If only we had spent trillions of dollars when Al Gore had first sounded the alarm ... there would have been no wars, no crime, and no Greta Thunberg constantly nagging us.
Ah, the old “growth recession”. Is that anything like “jumbo shrimp” or “brilliant idiot”?
If it were not for the fed messing with things then the country would not have wild swings in economic activity. And we would not have much inflation. We would just chug along with slight up and downs. And people’s savings would not be decimated. They are just an evil means for the elite to control every thing.
Xxxxxxxxxxxxxx
So true! And many small businesses and farms competing with each other plus lots of big business trust busting helps achieve same.
I look forward to having my chocolate ration increased to 20 grams.
Can you say “Depression?”
It’s Bond time.
My husband retired last fall, inflation has really sucks, I won’t be joining him in retirement for 4 years.
I think you have it all wrong. Notice the dollar is much stronger. Gold and bitcoin and the Yen and the Euro are all weaker in comparison. Bonds are falling in price and so is the stock market. Cash is king. Its stronger than its been in decades.
I think this will kill other countries that peg to us like China and other Asian, Middle East and South American countries. They will need to devalue. Also, dept will be properly priced. As interest rates move to 4%. As Buffett used to say, you never know who is swimming naked until the tide goes out. Well, low tide will soon be here.
Everybody has a mental state. Biden's is FUBAR.
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