Posted on 05/13/2021 3:07:46 PM PDT by Condor 63
WASHINGTON—The U.S. economy is “going gangbusters,” but the Federal Reserve needs to see several more months of data on jobs and inflation before determining when to begin scaling back its easy-money policies, Fed governor Christopher Waller said.
(Excerpt) Read more at msn.com ...
Inflation is a lot like a tornado. Quick, extreme and deep damage. Then it takes years to return/rebuild to normal.
There’s still some stripped out foundations in the pucker brush from the Worcester, MA. F4 1953 tornado.
The entire mainstream media is Bagdad Bob.
“NOTHING TO SEE HERE FOLKS. These aren’t the gas prices you’re looking for. Wood has not double in price.”
If you think like a lefty the next steps after inflation explodes are obvious:
Some combination of price controls and rationing.
You can be sure they will wrap the excrement in the American flag and blabber on about “be patriotic and don’t be selfish”.
Well we’ll see.
In all my years of shopping, I have never seen prices go down.
Compounding inflation for a good long while
And the housing bubble will burst because low rates are all that are allowing many to purchase a house.
The torch is the trillions in dumblecrat spending.
The jimmah peanut malaise X 1000 is upon us all...
OH, is “We’ll see in several months” the new typical Covid response?
Hi.
May you be wrong with the multiplier of 1000.
Then it may be possible to survive this administration.
Maybe.
5.56mm
Where can I get some of whatever Waller is smoking?
Not yet. There's plenty of cash to buy the condos, those people will trade up to townhouses, the townhouse people will buy houses. All segements will continue to shoot up particularly with the new work-from-home paradigm.
Furthermore, interest rates will continue to be manipulated. They might raise short term rates to reduce money sloshing around but will continue to manipulate the long rates to keep them historically low. Eventually the market will push up the long term rates because of expected long term inflation, but we're a long way from that.
We're still in the new LBJ phase and Biden hasn't started the new Vietnam War yet. Then we'll get the new Nixon. The fake news will destroy the new Nixon and then we will get the new Carter. Then the Carter malaise x 1000.
When I bought my first home in 1990, the interest rate was 10%. Rates like that would price most out of the market.
Who does the Fed pay interest to? Real Question
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