“So far nothing has cooled off. With all these numbers being what appears to be manipulated, no one can make a reasonable assessment. The disconnect of the markets from the street doesn’t help either.
Rates, as painful as it may be to hear, are still way too low. The fed has to raise rates higher than 50 pts.”
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All true. When Atlanta Fed’s Bostic came spoke last week and indicated they would only raise interest by .25 pts at the next meeting, the markets immediately reversed their downward trend. You can look at the graph and see exactly when he spoke. He also said the Fed expected to reverse their actions by the end of the year. The markets took that to mean everything was awesome and happy days are here again!
As long as the Biden administration insists on showering money on all their favored groups, and the feds are so insistence in trying to cover for Biden’s economic disaster, inflation will continue. All economic reporting numbers are being manipulated to present a narrative that our nation is in fantastic economic health.
Also, I’ve never seen $1,400 in stimulus money be spent and saved so much in a three year period as that the media credits with making the consumer currently so rich. To this day, the media reports on those funds as being part of the reason consumers have so much money. We apparently continue to save and spent the funds. LOL!
They tell us everything is rosy and ignore all the data that tells them otherwise while pointing to the DJIA and saying, “See, the markets are up”.
We are governed —actually now ruled — by fools, clowns, and evil people.
They are pointing to the stimulus, but that money has been spent! The spending they are seeing is credit cards. And the American consumer is doing this to not just stay even, but because the manipulation of the data is so deceptive.
They are bleeding the public with a thousand cuts. This is actually making matters worse for the crash. People are sinking further into debt than they normally should. The system does need a shock. Otherwise it is a slow painful death.