MAY marks mis step correction

21 Mar 2022 14:31 #1 by homeagain
www.cnbc.com/2022/03/21/powell-says-infl...teps-to-address.html

50 BASIS POINTS......and just like that we are on our way to the "races"....realizing the reality of the economy...BIG BADA BOOM from Powell

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21 Mar 2022 15:21 #2 by FredHayek
One of my friends is a horrible procrastinator who just built a new house. I keep telling him to lock in a rate now because they will climb.

Thomas Sowell: There are no solutions, just trade-offs.

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22 Mar 2022 00:05 #3 by Blazer Bob
I doubt the left has the nerve to actually do what is necessary. I think he is jaw boning.

We need to take the bus, eat beans instead of meat and let your pets die of cancer.

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22 Mar 2022 08:07 #4 by FredHayek
Higher interest rates might help to lower house prices. Or might jump start a new recession. We will see how it plays out.

Thomas Sowell: There are no solutions, just trade-offs.

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22 Mar 2022 11:08 #5 by Rick
Replied by Rick on topic MAY marks mis step correction

Blazer Bob wrote: I doubt the left has the nerve to actually do what is necessary. I think he is jaw boning.

We need to take the bus, eat beans instead of meat and let your pets die of cancer.

Ha, yeah I saw that Bloomberg garbage. But you’re wrong about the beans, he said we should be eating lentils. Probably because they are less likely to cause earth killing gasses.

These elites make me sick, but they know how to work the sheep who will gladly comply.

The left is angry because they are now being judged by the content of their character and not by the color of their skin.

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22 Mar 2022 12:26 #6 by homeagain

Rick wrote:

Blazer Bob wrote: I doubt the left has the nerve to actually do what is necessary. I think he is jaw boning.

We need to take the bus, eat beans instead of meat and let your pets die of cancer.

Ha, yeah I saw that Bloomberg garbage. But you’re wrong about the beans, he said we should be eating lentils. Probably because they are less likely to cause earth killing gasses.

These elites make me sick, but they know how to work the sheep who will gladly comply.



NOPE, it's because lovely lentils r loaded with lots of valuable stuff........

www.lentils.org/health-nutrition/nutritional-information/

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22 Mar 2022 19:19 #7 by Rick
Replied by Rick on topic MAY marks mis step correction
That may be so HA, but when the elites say "let them eat lentils instead of meat", I say F##K YOU!!! And no, I'm not going to line up for Bill Gates's manufactured 'meat' either. I'll live on rats and squirrels if I have to.

I do think it's rich when they say we should ride the bus, especially considering none of these people ever ride the bus and have no idea how horrific they are in the city. I rode in one about 5 years ago and I regretted not having my gun with me.

The left is angry because they are now being judged by the content of their character and not by the color of their skin.

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23 Mar 2022 06:09 #8 by FredHayek
In my younger years, I used to ride the Colfax bus, one of the other passengers was trans. He/She wore only a transparent housecoat and an old wig. It was very clear that he had not had the surgery or even shaved. Truly a freaky commute. :flirty: :ohmy:

Thomas Sowell: There are no solutions, just trade-offs.

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25 Mar 2022 16:50 #9 by homeagain

homeagain wrote: www.cnbc.com/2022/03/21/powell-says-infl...teps-to-address.html

50 BASIS POINTS......and just like that we are on our way to the "races"....realizing the reality of the economy...BIG BADA BOOM from Powell



BIGGER BADA BOOM......remember 1994,oh and rates are ALMOST 5% (still good rate when u compare it to double digits back in the 80's)......2.875 LOCKED 2 years ago for 30 yr.,we r paying a double payment
every month ,all to principal ,. pay off in 3 yrs.


www.cnn.com/2022/03/25/economy/citigroup...rate-hike/index.html

The last time the Fed raised interest rates by half a percentage point or more in four straight meetings was late 1994-early 1995. That series of aggressive rate hikes helped set off chaos in financial markets, with bond markets melting down and hedge funds collapsing. Months later, the Fed was forced to reverse course and cut interest rates.
'There is an obvious need'
Fed Chairman Jerome Powell signaled this week that officials are prepared to step up their belated fight against inflation.
"There is an obvious need to move expeditiously to return the stance of monetary policy to a more neutral level," Powell said at an event hosted by the National Association for Business Economics.

That's Fed speak for the central bank going from pedal-to-the-metal support for the economy to hitting the brakes. That makes sense given that inflation is high and unemployment is low.
But the harder the Fed hits the brakes, the greater the risk of causing an accident that could potentially wreck the financial markets, the real economy, or both.

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26 Mar 2022 08:37 #10 by FredHayek
The Feds have raised rates 16 times to slow inflation. 13 times it brought on a recession. Hopefully it is mild. The stock market doesn't seem concerned because it keeps climbing. But war is generally good for business.

Thomas Sowell: There are no solutions, just trade-offs.

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