Don't care, have my
on.
Posted on 09/21/2022 11:53:10 AM PDT by ConservativeInPA
The Federal Reserve on Wednesday raised its benchmark interest rate by 0.75 percentage point and signaled it plans to keep rates higher for longer as it tries to douse red-hot inflation.
The Fed's target interest rate is now in the range of 3% to 3.25%, the highest level in 14 years. The bank's rate-setting panel also projected that the Federal Funds rate would hit 4.4% by year-end, up sharply from a projection of 3.4% in June, and 4.6% in 2023, up from a previous estimate of 3.8%.
(Excerpt) Read more at cbsnews.com ...
Yeah, they are something we haven’t dealt with before.
We’ll have to beat them or a lot of people are going to suffer.
I’m old and it’s been a great life, I’ll just keep at what I’m doing as long as I keep waking up every morning.
I find little difference between the people who claim the Climate Change cycle is going to kill us and those who say the all other “fashionable fears of the day” are going to do the same.
Add in that Eurasia will make it’s own Reserve Currency and abandon the Dollar and all those excess Dollars overseas go where, right back here and cause even more inflation.
Yep - maybe by tomorrow or Friday
I don’t think so in the long run, short run maybe.
Yes.
DJIA - 500
NADAQ -200
Folks this is to protect govt. theft (deficit) spending.
Protection (racket) to keep money in their stolen pockets from de- valuation. At the expense of everyone else.
The problem is capital formation is being destroyed simultaneously the real backing of the dollar
This show PR stunt is both worthless and ingnorant. Service jobs aren’t capital formation.
Down -522.45 / -1.70% today...closing at 30,183.78
I really wonder 🤔 what else is going to happen before the Midterms.
They know what a disaster this economy is.
Usually war is used as a distraction.
Time will tell.
>>These people think the general public is downright moronic<<
This is why there is what’s called...Fed speak.
Lotsa mealy mouthing weasel words designed to keep folks off kilter not knowing exactly what they mean when they speak.
Medicaid is welfare. They’ll kill seniors in gulags before they give up welfare.
GREATEST ECONOMY EVER!!
(time for the liberal MSM spin)
They count on it to retain power.
It works for Nancy Pelosi and Gavin Newsom.
When it gets back down to at least 10,000 then it will be news. The markets are not even close to real value. They are nothing more than a casino wheel.
Wow...
Explain...
Economics 101...
Bernanke started cranking up the printing presses to avoid depression in ‘06.
Bernanke was a scholar in the great depression, and made a number of moves to hold it off.
It was caused by a complete collapse of the home market, due to Bush/McCain loan policies.
The presses stayed cranked up through FUBO first term.
In FUBO second term, he could have ordered a gradual raising of interest rates, that would have brought us in for a soft landing.
He did not.
People on this site were screaming to stop the presses.
Then President Trump took office.
The fed started to talk about raising rates and slowing down the presses.
He did not.
People on this site were now screaming to keep the presses running, because it would ruin Trump’s economy.
8 additional years of presses running at full speed spelled disaster.
The economy has been artificially held up since ‘06.
Like I said before, now we pay the price.
I’m just wondering how long they can keep even a few balls in the air with this juggling act.......
They just want to keep it together until after the November elections.
“This incremental approach is for the birds.”
Shock and Awe IS required for effectiveness.
“On the contrary, Manchurian Candidate O did exactly what he set out to do: death by 10,000 cuts”.
BINGO!
Thanks for being one who understands what Obama was up to. It was exactly “death by a thousand cuts” that he believed in and pursued.
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