sure, they only have to do it till 1/21/2017...
Posted on 03/16/2016 11:41:27 AM PDT by John W
The Federal Reserve left its benchmark interest rate unchanged today and lowered its economic forecasts after a turbulent start to the year in financial markets and lackluster U.S. growth persuaded the central bank to reassess the timing and magnitude of its plan to raise rates.
The Fed maintained its target for interest rates at a range of 0.25 to 0.50 percent to give the U.S. recovery more time to get on a stable track without making recovery more difficult for the rest of the world, where growth is flagging.
Only one member of the Federal Reserve's open market committee dissented from the decision to postpone action. Esther L. George urged the central bank to boost rates by a quarter of a percentage point now. The consensus forecast of the committee suggested that the Fed expects to raise rates on two or three occasions later this year.
(Excerpt) Read more at washingtonpost.com ...
Depression II. That’s what’s coming.
When this bubble pops.
Going to see if this is posted. Just came up on Drudge:
Brother, hard times are coming, as you know.
Oh my gosh. The people are awakening too late - they can smell it, so they’re trying to do something.
Global deflationary depression is starting. Prepare accordingly.
I agree. We will be lucky if we are not in negative interest rates by the end of the year.
Is this good for Trump. Will it open people’s eyes?
I think it’s too late. The numbers are just too massive.
We’re looking at least $130 Trillion in debt and unfunded liabilities in the U.S.A.
And still the gov’t is spending more than it takes in. Less jobs, less revenue at city, state and federal levels. Rates, fees, etc. will rise, until they pop the individual balloons. I expect property taxes to go up to fund pensions and loss of sales tax revenue.
I can’t say what each individual should do but prepare as best you can. I’m rather, cough, not optimistic and 2008 was worse than I thought. By far.
I’ve never recovered anything. It’s been a titanic struggle to survive. Sure, made a lot of mistakes because what was simple and average in 1998 was no longer true. A lot of folks are in for a very, very rude awakening.
After decades of consistent increase in electric consumption in the US, recovering nicely to trend after every recession, electricity consumption has been absolutely FLAT since 2008.
Can anyone tell me why?
You get one guess.
Obama’s Super-Magical Fluorescent Light Bulbs?
j/k
The layoffs already started. They’re real quiet right now, a few people here, a few people there, etc. to get out from under the WARN act, but the pace is quickening.
sure, they only have to do it till 1/21/2017...
Just plain old fashion inflation right here at home and preparing for that is what we should be planning for.
Yup, it’s all part of the plan, keep up the fraud and give a future president the blame. It’s deja vu all over again...
Boy, what a ray of sunshine /s
Can you imagine an ACTUAL biz man at the helm, looking over the books/budget and NOT having a heart attack?
Oh, the joy it would bring if that same man would announce to the world, “This is NOT how the real world works” and start rattling off a list of ‘will not fly’ pork as he vetoes any/all budgets until it ACTUALLY balances.
The angst and stress of the establishment (BOTH sides of the aisle) would be heard across the globe.
The entire Northeast will be declaring bankruptcy soon.
Connecticut is now heading into basket case status.
Green shoots!/s
This is what happens when you let anyone vote.....even those who have no skin in the game and never plan to.
This is one reason I think the GOP Establishment wants to lose - they tried hard with Jebby. This thing is gonna blow and they’re keeping it propped up.
But, like there’s going to be any political future for anything old once it goes. There won’t be.
Nobody can save this thing, not Trump. But I’d still rather have him at the helm than Hillary. Sort of like picking a better captain on the Titanic when you see the iceberg in the distance but you know you can’t avoid it.
In regards to Chode mentioning 1/21/17, I figure Bammy may just go for United Nations Secretary General. Netanyahu opposes this and old rules don’t apply to him anyways. I always thought it was his goal - now, just in the last few months, we find Netanyahu opposing it.
We’ll see what happens, I guess.
Obama wants to be the UN Secretary General - there is no doubt about it. He has already telegraphed that he wants it.
That is why he is holding off the FBI and Justice Dept from going after Hillary's crimes. Obama can lord it over her - and if she wins she will be compelled to do whatever he wishes.
Satan is the ultimate clever manipulator.
Imagine if the world leader, or what had been, collapses financially and you have a pathological liar, as head of the United Nations, a ‘citizen of the world’ as he described himself, in of all places. Germany at the helm.
Who has financed Iran with $150 billion dollars of American money and who wants to create a Palestinian state.
It could get interesting......
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