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The Fed has to crush consumer demand with much higher rates if it wants to get inflation under control, Bank of America says
https://markets.businessinsider.com ^
| Phil Rosen Feb 27, 2023, 10:26 AM
Posted on 02/27/2023 4:29:58 PM PST by RomanSoldier19
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To: RomanSoldier19
must “crush consumer demand with higher interest rates” - aka - completely crash the economy. Yeah.. sounds great. How about kicking the cause out of office...
2
posted on
02/27/2023 4:33:10 PM PST
by
TheBattman
(Democrats-Progressives-Marxists-Socialists - redundant labels.)
To: TheBattman
Don’t crush gubmint spending, whatever you do.
To: TheBattman
KICK HIS ARSE TO THE CURB CLOSEST TO THE SOUTHERN BORDER!!
To: RomanSoldier19
Crush your enemies, see them driven before you, and to hear the lamentation of their women!
5
posted on
02/27/2023 4:38:37 PM PST
by
ClearCase_guy
(“You want it one way, but it's the other way”)
To: TheBattman
6
posted on
02/27/2023 4:38:45 PM PST
by
RomanSoldier19
(Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
To: RomanSoldier19
No pain no gain
The Fed printed too much money in 2020 and 2021 when they were doing God's work and providing COVID relief. Now they have to choose between a few bad options. Turns out the classical economists were right. There's no such thing as a free lunch.
To: RomanSoldier19
Send 20 trillion dollars to Ukraine and Hunter Biden.
8
posted on
02/27/2023 4:40:14 PM PST
by
Mark
(DONATE ONCE every 3 months-is that a big deal?)
To: AndyJackson
“Don’t crush gubmint spending, whatever you do.”
That is exactly right. Blame the inflation on consumer demand and not government spending. Bwahahahahahaha
To: RomanSoldier19
Banks and other lenders want high interest rates so naturally they want the fed to “crush” the American people.
10
posted on
02/27/2023 4:43:32 PM PST
by
Avalon Memories
(Liberalism is a philosophy of sniveling brats. -- P.J. O’Rourke)
To: RomanSoldier19
“Consumer demand” has nothing to do with causing inflation. It does raise prices but that is a result of there being more money created and flooding the system. The increase in the money supply is entirely what inflation is.
11
posted on
02/27/2023 4:45:31 PM PST
by
arthurus
(covfefe i_i)
To: RomanSoldier19
Paging Paul Volker, Paul Volker?
12
posted on
02/27/2023 4:46:37 PM PST
by
STJPII
( )
To: Right_Wing_Madman
There is at school-—But NON parents are footing the bill in property taxes.
To: RomanSoldier19
The previous 3/4, 3/4, 3/4, 1/2 increases have had negligible impact.
Last month inflation was back to 0.04%. The rates for the previous 4 months have been revised upward.
14
posted on
02/27/2023 4:48:02 PM PST
by
TomGuy
To: RomanSoldier19
Democrats don’t WANT inflation under control.
It devalues the existing debt, they collect more dollars from the higher wages that people demand because of inflation, more hit higher income tax brackets, etc. etc. etc.
15
posted on
02/27/2023 4:51:04 PM PST
by
jdsteel
(PA voters elected a stroke victim and a dead guy. Not a joke.)
To: RomanSoldier19
Of course consumer spending is up. It costs a ton more just to get by. What f’ing bs. But Hunter Biden wants a break on child support.
To: RomanSoldier19
Yeah you morons! Quit enjoying life and stuff.
17
posted on
02/27/2023 4:52:00 PM PST
by
rktman
(Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
To: arthurus
18
posted on
02/27/2023 4:52:01 PM PST
by
RomanSoldier19
(Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
To: TheBattman
Intentional government policy has / is substantially driving the cost of energy up. Supply has no role in controlling its cost as a result. Therefore, as intentionally reduced supply driven inflation is ripping through food, energy, and every other sector of the economy, the only thing that can control it is to reduce demand to meet the artificially low supply. Sharply reducing energy usage by 30-50% will crush everyone and everything.
Slightly less negative real interest rates (like we have now and the markets are forecasting) cannot do this. If government policy does not change, inflation will not go back to 2% without very positive real interest rates that are high enough to crush everything and everyone.
To: rktman
20
posted on
02/27/2023 4:53:19 PM PST
by
RomanSoldier19
(Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
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