he means faster slow down...
Build back better. If it hasn’t dawned on the Communists
by now, it soon will, what they have ushered in.
Probably going to blame White Supremacy.
I am a hammer, and I see a nail...
PROJECTS an economic slowdown that already started in nine months ago????
It should have been a full percent
You have to admit it is comical. They say there is no recession and then say they have to increase the interest rate to control hot inflation.
These people think the general public is downright moronic. They must be trying to reap the benefits of pouring all that lead in the atmosphere from leaded gas. 🤣
And....... the stock market is up. I should not trade at all.
Raising interest rates has no effect. Banks won’t lend at 4% when there’s 8% inflation, no matter what the federal reserve rate is. Chasing the mortgage rates upward is merely ceremonious.
The way to cool inflation is to stop the federal reserve’s asset purchases, which directly inflates asset prices. The problem is these assets have to be sold back which will deflate asset prices. Essentially, the government found a way to spend trillions of dollars in Keynesian spending without actually producing anything, but also without requiring legislative authorization.
Leading from behind.
Terrible stuff. If I remember reagan era, the rule was that interest had to be higher than inflation to tame inflation. I don’t know if they meant fed rate or market rate.
Scream when the FED raises.
Scream when the FED lowers.
Scream when the FED sits tight.
As always, we got this covered.
Okay...
Here’s what is really happening..
This is the ‘06 depression finally playing itself out.
Both FUBO and President Trump had the opportunity to bring us in for a soft landing...
Both failed to do so..
Now, we pay the price..
Put this directly into McCain and Bush laps, where it belongs.
Federal Reserve of Atlanta GDPNow
As of now, they're tracking a 0.3 growth rate for Q3, but not the direction of the graph. There's still 10 days of the quarter left, and it will be weeks before all the numbers are in. This could be the 3rd consecutive quarter of negative GDP growth. It will be harder to fight off the cries of recession, but they will give it a good run.
Jimmy Carter all over again economically, only this time on
steroids.
The Keystone Cops are in charge.
Those people in D.C. calling the shots don’t have to worry about gas prices, paying mortgages, food, rent etc...Those in the exclusive D.C. club are well taken care of...For life!
Maybe he is a secret Trump supporter cause this is gonna rank the already terrible economy.
Spending at obscene amounts and not even slowing down plus trillions to unwind off the balance sheet leaves you with no choice or solutions to make everyone “feel good” and financially secured. Feds are boxed in, only solution i can see is speak the truth: Decades of budget deficits and irrational government programs/spending stretching back to the 1930s are catching up and will eventually implode the economy. Fractional banking could work if people voted for their Representatives in a fiscally and socially responsible manner. Have a nice day, remember to vote this November, -out- while giving the 4th Estate the middle finger to their pool of nitwits with notepads and recorders.
Well, we are in a recession and have been for a bit of time, so no surprise.