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re: Talking heads: “Waiting on Fed to cut interest rates.” WTF!?

Posted on 8/5/24 at 2:51 pm to
Posted by ETXSully
Member since Dec 2021
128 posts
Posted on 8/5/24 at 2:51 pm to
I just laughed out loud. Thank you for this lol
Posted by Pikes Peak Tiger
Colorado Springs
Member since Jun 2023
9517 posts
Posted on 8/5/24 at 2:52 pm to
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 by AGGIES
Member since Jul 2021
11094 posts
Posted on 8/5/24 at 2:56 pm to
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
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
94205 posts
Posted on 8/5/24 at 2:57 pm to
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 by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135804 posts
Posted on 8/5/24 at 3:01 pm to
quote:

I feel like I’m taking crazy pills.
You may be. You posted something similar earlier.

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 by Veritas
Member since Feb 2005
10318 posts
Posted on 8/5/24 at 3:21 pm to
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.
Posted by CHGAR
Haile, LA
Member since Aug 2022
1256 posts
Posted on 8/5/24 at 4:03 pm to
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 by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135804 posts
Posted on 8/5/24 at 5:37 pm to
quote:

Volcker rates
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
Posted by PerplenGold
TX
Member since Nov 2021
2220 posts
Posted on 8/5/24 at 5:40 pm to
Volcker rates would creat a larger federal debt. Interest on the debt would skyrocket even more.
Posted by OU Guy
Member since Feb 2022
25085 posts
Posted on 8/5/24 at 5:41 pm to
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 "
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