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Started By
Message
re: Fed raises rates again .75
Posted on 7/27/22 at 2:26 pm to RobertFootball
Posted on 7/27/22 at 2:26 pm to RobertFootball
quote:
They still thought rapid inflation was transitory back then, even though we all knew better.
They didn’t think that. They just knew there were people that believe their lies
0
Posted on 7/27/22 at 2:28 pm to LSUBanker
quote:
Bear markets rare but short lived and the next bull market is right around the bend.
The Fed has artificially pumped the market since the '08 crash. There's a lot that needs to be flushed out of the system. Reality is about to set in. I hope your right about a shallow bear market, but I'm not planning for one.
Posted on 7/27/22 at 2:34 pm to RobertFootball
We are 2/3 of the way to stagflation. Stagflation is pretty hard to accomplish. You have to destroy your currency while also failing to grow. That takes a special kind of idiot.
Posted on 7/27/22 at 3:17 pm to RobertFootball
I was looking at doing a HELOC for some home renovation…think I’ll pass.
People out here buying cars $10,000+ over MSRP and won’t understand why they are upside in a few years when car market crashes and dealers are back to giving cash price on trade in
People out here buying cars $10,000+ over MSRP and won’t understand why they are upside in a few years when car market crashes and dealers are back to giving cash price on trade in
Posted on 7/27/22 at 3:20 pm to RobertFootball
quote:
Fed raises rates again .75
Elections have consequences!
Posted on 7/27/22 at 3:31 pm to RobertFootball
Mrs. Axe and I have $0 in car payments and $0 in credit card debt. Literally, zero. Our only debt is the house mortgage and a small open-ended loan I keep at the credit union just to help my credit score...
Yet, we will suffer for everyone else's irresponsibility.
It's fricking awesome!
Yet, we will suffer for everyone else's irresponsibility.
It's fricking awesome!
Posted on 7/27/22 at 3:32 pm to RobertFootball
quote:
They’re just easing us into the poor house, how nice of them
????
Care to flesh this out a bit because interest rates are still pretty low.
The purposeful currency depreciation and inflation is far more dangerous especially to those living on the edge.
Dollars to Donuts we will be around 6% in the next 24 months if not higher, best simply enjoy it if you are a saver rather than a debtor, if not, get your lube ready cause i's gonna hurt a bit.
Posted on 7/27/22 at 3:43 pm to ABearsFanNMS
Lmao crash?
Hahahhahahahaha
Hahahhahahahaha
Posted on 7/27/22 at 3:43 pm to TigerFanatic99
This dude is missing his dentures.
Posted on 7/27/22 at 3:54 pm to RobertFootball
quote:
Car market crash is gonna be nasty.
Posted on 7/27/22 at 4:04 pm to keakar
quote:
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
In case you haven't figured it out, 50% of those aid $ come back to our political class through campaign donations and other grift. See the Bidens as exhibit A.
Posted on 7/27/22 at 4:13 pm to TigerFanatic99
quote:Good, the commie one worlder should be worn out. I could say something even more unkind, but I won't.
Worn
The
frick
Out
Posted on 7/27/22 at 4:15 pm to bstew3006
quote:
People out here buying cars $10,000+ over MSRP and won’t understand why they are upside in a few years when car market crashes and dealers are back to giving cash price on trade in
The wife (no pics) will be in the market for a new car within the next year or so. I'm hoping the bottom has fallen out of the market by the time we have no other choice than to swap hers out.
Posted on 7/27/22 at 4:28 pm to Bard
The quantitative loosening caused just as much damage as the low interest rates, and they are reducing this in tranches rather than cutting off the spigot one time.
Posted on 7/27/22 at 4:35 pm to Jimmy2shoes
quote:
Soft landing my arse
Mostly soft crash
Posted on 7/27/22 at 4:41 pm to RobertFootball
These fricking people are chasing a runaway train at this point.. we spent appropriate stimulus on fricking Ukraine when they had a chance to tamper inflation. This is all on this admin at this point but letting the baltics get out of control.. Putin has no fricking respect for senile joe and is pulling a reverse 80s Cold War policy of of killing is from within, starting with the economy
Posted on 7/27/22 at 4:57 pm to TROLA
Putin didn’t do this, the ignorant arse in the White House is the one who killed us.
We have our own dumbass Russian and it’s Tupelov
We have our own dumbass Russian and it’s Tupelov
Posted on 7/27/22 at 5:29 pm to OccamsStubble
quote:
Blame this on the people that printed money needlessly
There's a perfect storm of issues contributing this, but most of the issue is not on the demand side, it's supply. While y'all have buried your heads in the sand for two years, major manufacturing countries have been closing plants for COVID. Shanghai, the largest port in the world, just reopened less than two months ago.
You are right that raising rates is the only option, but it's the only option as we wait for supply to creep back. Not shite we can do about it.
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