We are screwed
To: ChicagoConservative27
They are either trying to screw us, or else they are very frightened of something. Probably both.
2 posted on
05/03/2023 11:12:19 AM PDT by
ClearCase_guy
(“You want it one way, but it's the other way”)
To: ChicagoConservative27
Not being an economist, what do they think continual raising of the interest rate will accomplish? Seems to me this is something that should be done over a longer period of time.
To: ChicagoConservative27
Fed began its program of quantitative tightening in March of last yearExcept they have a mini QE to bail out banks. It’s like putting a humidifier and a dehumidifier in a room and letting them fight it out.
4 posted on
05/03/2023 11:13:23 AM PDT by
ConservativeInPA
("How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually and then suddenly." )
To: ChicagoConservative27
5 posted on
05/03/2023 11:13:36 AM PDT by
ProtectOurFreedom
(I don’t like to think before I say something...I want to be just as surprised as everyone else…)
To: ChicagoConservative27
good for short term money market funds ...
bad for dividend stocks ...
bad for mortgage rates and house prices ...
bad for banks that are two trillion underwater from near-zero interest paper the stupid bankers bought and then got caught in the biden inflation/interest rate trap ...
6 posted on
05/03/2023 11:14:31 AM PDT by
catnipman
(In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
To: ChicagoConservative27
This is all for nought until something is done about federal spending.
7 posted on
05/03/2023 11:18:22 AM PDT by
DonaldC
(A nation cannot stand in the absence of religious principle.)
To: ChicagoConservative27
The markets are slightly up today. Guess they already had this factored in.
8 posted on
05/03/2023 11:20:41 AM PDT by
Yardstick
To: ChicagoConservative27
The Fed was always going to 5% they are there now. And they will stay there. The other major countries, especially Europe would like the rates to be closer to 3%. That won’t happen. They will stay at 5% for possibly years. This allows the Fed to react to a problem. Plus it punishes Russia and China who can’t pay 5%. Money will not need to go to risky countries if it can get 5% safely here. Hopefully this soaks up most stupid money.
10 posted on
05/03/2023 11:25:21 AM PDT by
poinq
To: ChicagoConservative27
“We are screwed”
Yup. Some banks teetering on the edge will go bankrupt in weeks. This could cascade.
Buy more canned and dry foods, get your cash out NOW.
12 posted on
05/03/2023 11:34:21 AM PDT by
Basket_of_Deplorables
(THE FBI INTERFERED IN THE PRESIDENTIAL ELECTION!!!)
To: ChicagoConservative27
They will derail the train and a lot of us wil get crushed.
13 posted on
05/03/2023 11:36:55 AM PDT by
central_va
(I won't be reconstructed and I do not give a damn...)
To: ChicagoConservative27
14 posted on
05/03/2023 11:37:28 AM PDT by
griswold3
(Truth, Beauty and Goodness )
To: ChicagoConservative27
Kill the patient to cure the disease.7
17 posted on
05/03/2023 11:48:24 AM PDT by
Bonemaker
(invictus maneo)
To: ChicagoConservative27
Powell was too late raising rates....PERIOD
To: ChicagoConservative27
World War 3, complete economic collapse, or AI takes us out...place your bets, ladies and gentlemen. You too, Mulvaney.
27 posted on
05/03/2023 1:54:49 PM PDT by
who knows what evil?
(Yehovah saved more animals than people on the ark...siameserescue.org)
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