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Started By
Message
re: Talking heads: “Waiting on Fed to cut interest rates.” WTF!?
Posted on 8/5/24 at 2:51 pm to boomtown143
Posted on 8/5/24 at 2:51 pm to boomtown143
I just laughed out loud. Thank you for this lol
Posted on 8/5/24 at 2:52 pm to theballguy
quote:
They are just being fed talking points from their handlers. They're so stupid they don't know anything different.
This.
And whatever they say is the solution, the exact opposite is what we really need to do.
Posted on 8/5/24 at 2:56 pm to Covingtontiger77
If the cost of borrowing money goes down, more people can buy houses…
and more companies can move ahead with their growth and development plans
and more companies can move ahead with their growth and development plans
Posted on 8/5/24 at 2:57 pm to Covingtontiger77
quote:
have all stated that the Fed waited too long to lower interest rate
They have. They waitied to long to raise now to long to cut
Its a tale as old as time
Posted on 8/5/24 at 3:01 pm to Covingtontiger77
quote:You may be. You posted something similar earlier.
I feel like I’m taking crazy pills.
Why do you want higher rates when we're running deficits in the face of a $35T debt? As was pointed out previously:
Every 0.5% change in interest rates corresponds to a $175BILLION difference in our National Debt cost-of-carry. Recession further cuts revenue.
Meanwhile, we are approaching fiscal dominance.
Posted on 8/5/24 at 3:21 pm to NC_Tigah
At some point this country needs to truly face real economic pain because of how our country has been managed. We’ll have this conversation a year from now and the debt will be 40T.
To course correct this country needs somewhat Volcker rates and cuts across the board.
However, no politician is going to do that because it’s not an electable strategy.
To course correct this country needs somewhat Volcker rates and cuts across the board.
However, no politician is going to do that because it’s not an electable strategy.
Posted on 8/5/24 at 4:03 pm to AZHorn
quote:
let me know when you and millions of American homeowners are ready to take a 30-40% cut in the values of their homes
Don't care what the "appraised" value of my home is supposed be, I just live in it, it's a financial asset to me.
Posted on 8/5/24 at 5:37 pm to Veritas
quote:We are teetering on fiscal dominance. Fiscal dominance would/will throw us into a second Great Depression. Non-fungible assets and salaried income would be catastrophically hit. Volker rates would put the cost-of-carry around $5.5TRILLION/yr
Volcker rates
Posted on 8/5/24 at 5:40 pm to Veritas
Volcker rates would creat a larger federal debt. Interest on the debt would skyrocket even more.
Posted on 8/5/24 at 5:41 pm to Covingtontiger77
Powell really needs a ' come to jesus ' moment with Street
ISM data was very strong across the boards this morning
He needs to make Street write 50,000 times on chalkboards
" the S&P 500 is NOT the economy "
&
" the Yen carry trade is NOT the US economy "
ISM data was very strong across the boards this morning
He needs to make Street write 50,000 times on chalkboards
" the S&P 500 is NOT the economy "
&
" the Yen carry trade is NOT the US economy "
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