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Started By
Message
Fed raises rates again .75
Posted on 7/27/22 at 1:32 pm
Posted on 7/27/22 at 1:32 pm
They’re just easing us into the poor house, how nice of them
Jerome Powell is a moron
Jerome Powell is a moron
16
Posted on 7/27/22 at 1:35 pm to RobertFootball
...but we're not in a recession, right? 
Posted on 7/27/22 at 1:35 pm to RobertFootball
Next couple years are going suuuck.
Posted on 7/27/22 at 1:41 pm to RobertFootball
Worn
The
frick
Out
Posted on 7/27/22 at 1:41 pm to loogaroo
Foreclosures finna eat
Posted on 7/27/22 at 1:46 pm to RobertFootball
Soft landing my arse 
Posted on 7/27/22 at 1:53 pm to Jimmy2shoes
The housing and car markets are going to crash. With inflation red hot and lots of Americans living off of credit cards that are prime + you gonna see a huge uptick on bankruptcies.
Posted on 7/27/22 at 1:54 pm to RobertFootball
I remember reading a year ago that the fed said they saw no interest adjustments for another 3 years.
This post was edited on 7/27/22 at 1:55 pm
Posted on 7/27/22 at 1:57 pm to ABearsFanNMS
Car market crash is gonna be nasty. So is the credit card defaults.
Posted on 7/27/22 at 1:58 pm to Deuces
They still thought rapid inflation was transitory back then, even though we all knew better.
Posted on 7/27/22 at 1:59 pm to ABearsFanNMS
quote:
The housing and car markets are going to crash.
Good
Live within your means
Posted on 7/27/22 at 1:59 pm to RobertFootball
quote:
Fed raises rates again .75
well i know it causes chaos but they have been acting stupid since odumbo keeping rates at zero because he had no clue how to grow the economy.
in truth it should be at around 4% as a standard fixed rate they must keep it at and stay there until a reason forces them to lower it JUST TEMPORARILY to fix a problem
the reason we are in such a sorry state now is they kept it at zero for a decade when it wasnt needed but it made lots of people rich by doing it.
the only way out of the mess we are in is to stop spending and printing money like its monopoly money because that is where its true value is going to be very soon
federal budget needs to be around 500 billion at the most and that means they need to permanently and forever cut about $2 trillion a year from their current spending to get there
and dont even get me started why we must give other countries a huge chunk of our tax dollars each year. not one penny should be allowed to leave this country until we have zero debt and zero deficits soi only extra money not needed can even be considered as something they can give away
when was the last time any country anywhere sent us free money taken from their taxpayers?
This post was edited on 7/27/22 at 2:01 pm
Posted on 7/27/22 at 2:07 pm to RobertFootball
There’s nothing moronic about raising rates to slow inflation. That’s the only option, as is the recession that follows.
Blame this on the people that printed money needlessly
Blame this on the people that printed money needlessly
Posted on 7/27/22 at 2:09 pm to TigerFanatic99
Jesus he looks terrible. Like Morris Bart without facial surgery and makeup terrible.
Posted on 7/27/22 at 2:11 pm to RobertFootball
Still too low………
Posted on 7/27/22 at 2:13 pm to RobertFootball
frick Joe Biden and his dumbass policies!
Posted on 7/27/22 at 2:20 pm to OccamsStubble
quote:
There’s nothing moronic about raising rates to slow inflation. That’s the only option, as is the recession that follows.
Blame this on the people that printed money needlessly
100% agreed
Basically the last 2 years is wash out in the stock market. Take of advantage of this now while stocks are still cheap. Bear markets rare but short lived and the next bull market is right around the bend. I've been a CFP/Advisor since 1999. I've seen and been thru a lot worse.
Posted on 7/27/22 at 2:22 pm to OccamsStubble
It’s moronic when his arse waited months to do it. It’s way too late now. He’s chasing a bus that pulled out of the station a week ago and thinks he’s going to catch it.
Posted on 7/27/22 at 2:22 pm to LSUBanker
quote:
There’s nothing moronic about raising rates to slow inflation.
It is moronic when the decisions made over the last 2 years forced this move....This DC group is dumb as dirt!
MORONS, every one of them.
Posted on 7/27/22 at 2:24 pm to RobertFootball
Multi-millionaire says we are not in a recession.
Sure pal, sure.
Sure pal, sure.
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