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Posted on 5/30/25 at 8:19 am to RogerTheShrubber
quote:
Funny that you believe this is whats happening.
Even funnier is that a conservative can’t see that even when it’s been pointed out to you a million times.
Posted on 5/30/25 at 8:19 am to LSUnation78
Posted on 5/30/25 at 8:20 am to momentoftruth87
quote:
The problem is this will also crash us because most of the country is now dependent on what is funded.
Yep. It's like an addict who doesn't want to quit because they are scared shitless of how bad detox will be. They either keep using and eventually die of an OD or they go through the shite and suck of detox. Where we are in this analogy is that Congress (and many voters) want to deny there's any chance of OD at all so they just keep merrily shooting up while bitching about how everyone else and everything else is the problem.
Posted on 5/30/25 at 8:21 am to RohanGonzales
quote:
What the frick is he "projecting"? Do you know the meaning of the word?
Yes. You’re claiming he’s crippling the economy with no proof in the data. You’re projecting that he will eventually crush it, but there is no proof at the moment.
Sorry for speaking over your head.
Posted on 5/30/25 at 8:22 am to NC_Tigah
quote:
Trade wars are.
No Rog, they aren't.
You need re-educated.
Long term , wide spread tariffs and trade wars are inflationary.
Posted on 5/30/25 at 8:23 am to NC_Tigah
quote:
No. What he's saying is tariffs are not inflationary.
What a lot of people do not realize is that for a lot of products the manufacturer and/or reseller are eating the tariffs. That is, they are not making as much profit as previously because moving product is more important to them to keep the money flowing than shear profit. They know if they drastically increase prices they will get a slow down in production.
This describes mostly elastic goods. Not inelastic goods (like gasoline and basic foods).
Trump is working hard to lower the prices of inelastic goods by implementing policy to increase inelastic good supply.
Posted on 5/30/25 at 8:23 am to momentoftruth87
quote:
Even funnier is that a conservative
You have no clue what is conservative or progressive.
Posted on 5/30/25 at 8:24 am to Bard
I’m tired of waiting for Rock bottom but I expect it once Trump is out of office. Everything is about Trump, Congress will have a hard time moving on from that when he’s gone. They haven’t been serious the last 20 years and just enriching themselves before it goes down. They should have never let the budget get so big
Posted on 5/30/25 at 8:26 am to NC_Tigah
quote:
Inflation is always and everywhere a monetary phenomenon.
100% this.
Over time goods naturally decrease in price because for the majority of goods their supply increases. The only way to keep their prices high or stable is through monetary policy, i.e., print more money to counter decreasing prices.
This post was edited on 5/30/25 at 8:27 am
Posted on 5/30/25 at 8:29 am to Jjdoc
So we are FOR zero percent interest rates now? Zero interest rates plus this tax cut and spending bill should do wonders for our fiscal situation......
Posted on 5/30/25 at 8:31 am to RCDfan1950
Powell is the first Fed Chairman since Volcker trying to save the system. He’s not in a battle with dems or repubs. He in a battle with the European Central Bank and Bank of England. He’s eliminated LIBOR in favor of SOFR and with higher interest rates is forcing European investment into the US and destroying the Euro. Returning to the zero bound now would be idiotic to say the least. If you want to understand what’s really going on, here’s a podcast.
Tom Luongo
Tom Luongo
Posted on 5/30/25 at 8:34 am to RogerTheShrubber
quote:
You have no clue what is conservative or progressive.
Neither do you
Posted on 5/30/25 at 8:36 am to midnight orange
quote:
Powell is the first Fed Chairman since Volcker trying to save the system.
When NPR agrees, I question
Posted on 5/30/25 at 8:36 am to Aubie Spr96
quote:
So we are FOR zero percent interest rates now?
Why do you idiots always assume when ppl want a cut they want 0% rates
Posted on 5/30/25 at 8:40 am to BestBanker
quote:
LINK
I don’t read NPR but would question anything they say whether I agreed or not. You posted a transcript on NPR from “All Things Considered Podcast”, not an NPR editorial.
This post was edited on 5/30/25 at 8:41 am
Posted on 5/30/25 at 8:43 am to SDVTiger
Everything costs too much!
Powell needs to cut rates!
Pick one - you can’t have both.
Powell needs to cut rates!
Pick one - you can’t have both.
Posted on 5/30/25 at 8:47 am to RCDfan1950
If you want to tank the Stock Market, he’s your guy.
Posted on 5/30/25 at 8:56 am to midnight orange
quote:
I don’t read NPR but would question anything they say whether I agreed or not. You posted a transcript on NPR from “All Things Considered Podcast”, not an NPR editorial.
It's good you don't read NPR, because it's radio. Powell is not anywhere near volker in respect to his monetsry decision making. Fed rates in the early 70s were 5%s. Jerome played with the 0%s and held them too low for too long, helping to cause the problem you say he's correcting. And the country was moving from the gold standard to fiat currency which helped the 70s malaise considerably.
Posted on 5/30/25 at 9:15 am to RogerTheShrubber
quote:
No Rog, they aren't.
Inflation is always and everywhere a monetary phenomenon.
---
You need re-educated
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