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re: June CPI in line with expectations, core CPI comes in cool.

Posted on 7/15/25 at 1:53 pm to
Posted by The Boat
Member since Oct 2008
175298 posts
Posted on 7/15/25 at 1:53 pm to
quote:



We'd also save a trillion dollars by not spending more than $1 trillion over budget every year.

It's closer to $2 trillion overall. We spend $1 trillion on debt interest and we're still $1 trillion over budget if we had no debt.
This post was edited on 7/15/25 at 1:59 pm
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92314 posts
Posted on 7/15/25 at 1:59 pm to
quote:

What reason is there to cut rates with good job reports


We believe the BLS now? Inflation is below 2%. Jerome cut last year with the same data if not worse than this data

How is he not playing politics

We are over restricted by 1%. Other Fed member jockeying for the job agree

Too late spent 2.5bill on furniture. Needs to resign
Posted by LSURussian
Member since Feb 2005
133318 posts
Posted on 7/15/25 at 2:02 pm to
quote:

Inflation is below 2%.
Wrong.
Posted by LSURussian
Member since Feb 2005
133318 posts
Posted on 7/15/25 at 2:12 pm to
Trump says the U.S. would "save" $3 trillion dollars if only the Fed would lower Fed funds rates by 3%.

You would think President Trump would know, after 5+ decades of studying interest rates as a real estate developer, that, 1) the Fed is not mandated the responsibility of managing fiscal policies or fiscal results, and 2) lowering overnight interest rates, which is what Fed Funds are, does not result in the direct correlation of changes in treasury security rates.

In fact, lowering FF rates so drastically might even result in investors bidding for higher treasury yields.

I'm disappointed that The Donald ignores those facts.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92314 posts
Posted on 7/15/25 at 2:12 pm to
Its only wrong when you believe the BLS

Which they have been very accurate
Posted by The Boat
Member since Oct 2008
175298 posts
Posted on 7/15/25 at 2:14 pm to
quote:

In fact, lowering FF rates so drastically might even result in investors bidding for higher treasury yields.


True, and we have pretty recent history to back that since the autumn of 2024
Posted by LSURussian
Member since Feb 2005
133318 posts
Posted on 7/15/25 at 2:16 pm to
It's only right if you believe a snake oil salesman who runs a voo-doo economics website.

The same guy who was forced out of the company he founded by his own board of directors who he hired.

You can keep repeating a lie but it will still be a lie.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92314 posts
Posted on 7/15/25 at 2:18 pm to
quote:

It's only right if you believe a snake oil salesman who runs a voo-doo economics website.





This is an incredible excuse.
Posted by LSURussian
Member since Feb 2005
133318 posts
Posted on 7/15/25 at 2:25 pm to
quote:

This is an incredible excuse.
It's not an excuse.

It's a valid reason to NOT trust anything that crackpot claims about financial issues.

You can't even describe what his method is for computing his imaginary inflation rate. He doesn't disclose it.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92314 posts
Posted on 7/15/25 at 2:44 pm to
quote:

It's not an excuse.


All you do is make excuses old man. Time to be put out to pasture

Posted by LSURussian
Member since Feb 2005
133318 posts
Posted on 7/15/25 at 2:51 pm to
quote:

All you do is make excuses old man.
What excuses have I made? I can back up everything I've posted. But you can't. Posting laughing emojis is your way of attempting to appear knowledgeable.

quote:

Time to be put out to pasture

I own the pasture, deadbeat.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
31313 posts
Posted on 7/15/25 at 3:25 pm to
quote:

We are over restricted by 1%.

So you acknowledge that Trump's demand to reduce rates by 3% is misguided and should be ignored?
Posted by AaronDeTiger
baton rouge
Member since Jun 2014
2143 posts
Posted on 7/15/25 at 3:39 pm to
quote:

Why would we lower rates with the economy supposedly humming along


Because its costing us an extra 900 billion to service the debt.
Posted by LSURussian
Member since Feb 2005
133318 posts
Posted on 7/15/25 at 3:53 pm to
quote:

Because its costing us an extra 900 billion to service the debt.
There is nothing in the law which established the Federal Reserve authorizing or requiring the Fed to manage the fiscal results of the federal government.

The law imposes two mandates on the Fed: 1) Price stability, while, 2) maintaining full employment.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92314 posts
Posted on 7/15/25 at 4:05 pm to
quote:

What excuses have I made? I can back up everything I've posted. But you can't. Posting laughing emojis is your way of attempting to appear knowledgeable.



You have been provided all the data under the sun. You and Too Late are the two tards who cant understand it

quote:

I own the pasture


Good go play in it and stay there. Your time has passed
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92314 posts
Posted on 7/15/25 at 4:06 pm to
quote:

So you acknowledge that Trump's demand to reduce rates by 3% is misguided and should be ignored?


Clearly
Posted by LSURussian
Member since Feb 2005
133318 posts
Posted on 7/15/25 at 4:18 pm to
quote:

You have been provided all the data under the sun.
Remind me.

I'm willing to bet you can't produce a single statistic which indicates sound reasoning that overnight bank lending interest rates should be reduced based on current economic or financial data.

Go ahead, post another emoji as your response...
This post was edited on 7/15/25 at 4:19 pm
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92314 posts
Posted on 7/15/25 at 4:23 pm to
I have been over this with you a 100 times
Its obvious in your very very old age you cant remember much

Its ok go out to your pasture enjoy the rest of your time

Our communication goes nowhere so we can end that for good now

I wish you the best
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
31313 posts
Posted on 7/15/25 at 5:55 pm to
quote:

Clearly

And therefore, while you believe both are wrong, you think Powell is more correct than Trump, being you’re only separate from Powell by 1% and from Trump by 2%.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92314 posts
Posted on 7/15/25 at 6:07 pm to
quote:

And therefore, while you believe both are wrong


Sure. But the Fed chair who is supposed to be unbiased isnt

Hes hurting the country. He cut 1% last year with worse data

Hes not cutting now. We all know this unless you are a total moron



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