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Started By
Message
re: Powell: Fed can maintain higher rates for "as long as needed"
Posted on 4/16/24 at 6:16 pm to ninthward
Posted on 4/16/24 at 6:16 pm to ninthward
quote:
i wish this was feudal England...fill in the blanks
You wish we were building castles for Norman lords and drinking a gallon of beer a day while performing manual labor?
Posted on 4/16/24 at 6:17 pm to ninthward
quote:The Fed can raise rates but plays no part in regulating fossil fuels. You know that, right?
raise rates while at the same time regulating the piss out of fossil fuels
quote:I think maybe it's YOU who doesn't understand what the issue is.
then have the balls to act like they don't understand what the issue is...
Posted on 4/16/24 at 6:20 pm to DavidTheGnome
Got an insurance policy renewal up 60% over last year.
Crap is 100% out of control.
Crap is 100% out of control.
Posted on 4/16/24 at 6:28 pm to RogerTheShrubber
Can you overlay home prices over that adjusted for inflation?
Posted on 4/16/24 at 6:30 pm to stout
Good. They’ve been fricking savers since 2007. Interest should be minimum 9%. But Fed has been sucking Wall Street dick for 17 years.
Posted on 4/16/24 at 6:31 pm to el Gaucho
quote:
When a bag of chips is 10 bucks
I remember back in '73 when the price of a candy bar doubled from 5¢ to 10¢ causing me to then come up with an extra penny for tax. If you had told me then that one day a candy bar would cost $1, I would've said you were crazy.
quote:
When a bag of chips is 10 bucks
I no longer think that's crazy. It's inevitable.
Posted on 4/16/24 at 6:34 pm to LSURussian
quote:
but plays no part in regulating fossil fuels.
Now I’m confused
Posted on 4/16/24 at 6:36 pm to stout
There’s a line of thought gaining some traction that higher interest rates are fueling the economy’s growth. So much money printed in past couple years that lots of people have more money to spend as a result of higher rates. This scenario hasn’t existed in previous rate hiking environments.
Tldr, we’re screwed either way.
Tldr, we’re screwed either way.
Posted on 4/16/24 at 6:39 pm to WildTchoupitoulas
The big bag full of air with 1 chip inside.
Posted on 4/16/24 at 6:44 pm to fr33manator
quote:frick that... I hate Oklahoma
You wish we were building castles for Norman lords and drinking a gallon of beer a day while performing manual labor?
Gallon of mead or ale sounds great though
Posted on 4/16/24 at 7:04 pm to Triggerr
quote:
But, but, but all the realtors ( mainly male ones) that I know took to face book and said there would be three rate cuts this year. Clowns
My favorite was someone on Money saying, back when cuts didn't happen in February, that he could still see five cuts happening this year.
This admission by JPow is on the same level of their realization that inflation wasn't going to be "transitory" after all. I've been saying for months we would be lucky to get ANY cuts this year, much less three and that we are much more likely to see an increase before we see a cut.
Here's the thing many seem to not want to realize: more inflation is coming. Constant consumer debt creation and constant escalating federal debt creation are already creating more inflation, but we're very likely to see the pace pick up over the summer due to oil.
OPEC doesn't look to be raising their production to any significant amount anytime soon but demand is expected to escalate. We're at our max for gasoline refinement and we're getting into the more costly summer blends. Prices at the pump (nationally) are up ~$.20/gallon from a month ago (which is ~$.02 less than this time last year) and we don't have enough SPR to lessen the impact. At this point, $4/gallon (nationally) before the summer is out is likely.
Posted on 4/16/24 at 7:05 pm to stout
quote:
5. Restrictive Fed policy needs more time to work
You have to quit printing money
Posted on 4/16/24 at 7:09 pm to stout
We need to send billions more to Ukraine.
Posted on 4/16/24 at 7:09 pm to stout
quote:
Yes I was told the same from some here when I made a thread about Realtor's new favorite saying "Marry the house, date the rate"
Could be a decade before we ever see sub 4% mortgage rates again for all we know
Posted on 4/16/24 at 7:13 pm to stout
We’re going to have demand driven moderate inflation for the next decade… the largest cluster of millennials, already being the largest population group in the country, are just entering the absolute prime of their spending years (35-45 years old). That’s going to cause a consistent demand push for the next decade that will make anything below 3% inflation extremely hard to achieve. People need to expect 3-5% as our new baseline, and prepare accordingly
Posted on 4/16/24 at 7:17 pm to Bard
quote:
My favorite was someone on Money saying, back when cuts didn't happen in February, that he could still see five cuts happening this year.
That was probably a Politard.
Posted on 4/16/24 at 7:17 pm to stout
Makes me glad I bought TIPS at the end of 2022.
Posted on 4/16/24 at 7:18 pm to stout
Evidently rates are going to have to go up even higher to take more money out of the system and discourage people from spending their money like crazy. As long as the cash flow continues and people keep spending their money like crazy, inflation is not coming down.
I’m starting to wonder what kind of interest rate it’s going to take to stop businesses and consumers from borrowing more money, spending it all, and then going back for more. 10%? 12%?
I’m starting to wonder what kind of interest rate it’s going to take to stop businesses and consumers from borrowing more money, spending it all, and then going back for more. 10%? 12%?
Posted on 4/16/24 at 7:20 pm to stout
Good I’m finally making a return on my cash.
Posted on 4/16/24 at 7:23 pm to stout
In other words, “We should raise rates again, but we don’t want to hurt Biden.” We will raise them after the election.
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