f7ben Posted December 22, 2018 Share Posted December 22, 2018 Dude is shit ....no inflation yet raising rates in the face of a slowing economy Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 22, 2018 Share Posted December 22, 2018 1 hour ago, f7ben said: Dude is shit ....no inflation yet raising rates in the face of a slowing economy Could this be moronic? I dunno. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 22, 2018 Share Posted December 22, 2018 1 hour ago, f7ben said: Dude is shit ....no inflation yet raising rates in the face of a slowing economy Yep. A bit of overkill. Yellen was a retard too. 4 minutes ago, Mainecat said: Could this be moronic? I dunno. Do you even know what this thread is about? Just sit there and smell funny. 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 22, 2018 Share Posted December 22, 2018 1 hour ago, Zambroski said: Yep. A bit of overkill. Yellen was a retard too. Do you even know what this thread is about? Just sit there and smell funny. Ben your lure was successful. Your daily bag limit caught a sack. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted December 23, 2018 Share Posted December 23, 2018 I hope he does to. The turmoil it’ll send through the markets will be soooo fun to watch. Sitting on the sidelines with a secure retirement gives me an entirely different outlook on things. Translation: IDGAF. 2 Quote Link to comment Share on other sites More sharing options...
xtralettucetomatoe580 Posted December 23, 2018 Share Posted December 23, 2018 The FED is sacrificing growth for insurance. Do we need the rate hikes? No, but at the end of an economic cycle, they will be useful when the bottom drops out and we are in a recession. I’m not a fan, but it’s not a horrible call. Unemployment still at near all time lows, growth still above 3%, consumer demand is still high. All those could be higher without the rate hikes. 1 Quote Link to comment Share on other sites More sharing options...
Momorider Posted December 23, 2018 Share Posted December 23, 2018 5 hours ago, f7ben said: Dude is shit ....no inflation yet raising rates in the face of a slowing economy Deep state antiTrump POS Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted December 23, 2018 Share Posted December 23, 2018 1 hour ago, xtralettucetomatoe580 said: The FED is sacrificing growth for insurance. Do we need the rate hikes? No, but at the end of an economic cycle, they will be useful when the bottom drops out and we are in a recession. I’m not a fan, but it’s not a horrible call. Unemployment still at near all time lows, growth still above 3%, consumer demand is still high. All those could be higher without the rate hikes. It’ll give the fed a few more bullets when the economy tanks. Good to see that there’s still a few adults at the top. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted December 23, 2018 Share Posted December 23, 2018 Rates need to keep going up. They were kept way too low for way too long. Quote Link to comment Share on other sites More sharing options...
Beavis and Butt-Head Posted December 23, 2018 Share Posted December 23, 2018 14 minutes ago, teamgreen02 said: Rates need to keep going up. They were kept way too low for way too long. This , my parents back in the 70’s could get saving account that pays out 8.5% annually nowdays ? Be lucky to see 1.5% and that’s usually $50,000+ or higher requirements 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted December 23, 2018 Platinum Contributing Member Share Posted December 23, 2018 11 hours ago, ActionfigureJoe said: I hope he does to. The turmoil it’ll send through the markets will be soooo fun to watch. Sitting on the sidelines with a secure retirement gives me an entirely different outlook on things. Translation: IDGAF. Yeah you're a real peach....I hope Lance ass fucks you to death. 1 Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted December 23, 2018 Share Posted December 23, 2018 6 hours ago, Beavis and Butt-Head said: This , my parents back in the 70’s could get saving account that pays out 8.5% annually nowdays ? Be lucky to see 1.5% and that’s usually $50,000+ or higher requirements Exactly. We don't need to go back to 20% mortgage rates but the 2.75% we have now is stupid low. My savings is at 2.23% right now. No minimum, accounts up to $50k. You won't find that with the big banks though. Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted December 23, 2018 Share Posted December 23, 2018 15 hours ago, xtralettucetomatoe580 said: The FED is sacrificing growth for insurance. Do we need the rate hikes? No, but at the end of an economic cycle, they will be useful when the bottom drops out and we are in a recession. I’m not a fan, but it’s not a horrible call. Unemployment still at near all time lows, growth still above 3%, consumer demand is still high. All those could be higher without the rate hikes. This, it''s all we will have when the next recession hits, thanks to the assholes who cut taxes and increased the nations debt during what was an already strong economy. Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 23, 2018 Author Share Posted December 23, 2018 4 minutes ago, Mileage Psycho said: This, it''s all we will have when the next recession hits, thanks to the assholes who cut taxes and increased the nations debt during what was an already strong economy. How do they decide what neutral is for rates though? The FED does have a mandate....its to control inflation. Quote Link to comment Share on other sites More sharing options...
xtralettucetomatoe580 Posted December 23, 2018 Share Posted December 23, 2018 (edited) 29 minutes ago, f7ben said: How do they decide what neutral is for rates though? The FED does have a mandate....its to control inflation. Average over time has been at 5% with fluctuations. We are at 2.5%. Hardly inflating them. You did bitch about Obama keeping rates too low. Now Trump is bitching about rates being too high when they aren’t. The problem is pretty simple. 90% of people don’t understand that rising rates is a show of confidence in the economy. You should be charged more for borrowing becuase times are good enough to warrant it. And the fact the stock market dips when rates go up is pretty simple to understand. And they have all kinds of fancy nerds and economists to determine neutral, but it’s pretty much guess and check. Edited December 23, 2018 by xtralettucetomatoe580 Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 23, 2018 Author Share Posted December 23, 2018 10 minutes ago, xtralettucetomatoe580 said: Average over time has been at 5% with fluctuations. We are at 2.5%. Hardly inflating them. You did bitch about Obama keeping rates too low. Now Trump is bitching about rates being too high when they aren’t. The problem is pretty simple. 90% of people don’t understand that rising rates is a show of confidence in the economy. You should be charged more for borrowing becuase times are good enough to warrant it. And the fact the stock market dips when rates go up is pretty simple to understand. And they have all kinds of fancy nerds and economists to determine neutral, but it’s pretty much guess and check. Right....guess and check. You raise rates to control inflation. If you are seeing no rise in inflation what is the motivation for raising rates 4 or 5 or 6 times in a year? Quote Link to comment Share on other sites More sharing options...
xtralettucetomatoe580 Posted December 23, 2018 Share Posted December 23, 2018 1 hour ago, f7ben said: Right....guess and check. You raise rates to control inflation. If you are seeing no rise in inflation what is the motivation for raising rates 4 or 5 or 6 times in a year? I just told you. Insurance. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted December 23, 2018 Share Posted December 23, 2018 The fed might just be the one to save this trump train wreck when the law of cause and effect comes to visit. Quote Link to comment Share on other sites More sharing options...
1jkw Posted December 23, 2018 Share Posted December 23, 2018 Yep. Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 23, 2018 Author Share Posted December 23, 2018 (edited) 53 minutes ago, xtralettucetomatoe580 said: I just told you. Insurance. That is not part of their mandate. That is subjective at best and far too open to partisanship , abuse of policy and politics Edited December 23, 2018 by f7ben Quote Link to comment Share on other sites More sharing options...
xtralettucetomatoe580 Posted December 23, 2018 Share Posted December 23, 2018 4 minutes ago, f7ben said: That is not part of their mandate. That is subjective at best and far too open to partisanship , abuse of policy and politics Their mandate is to prevent inflation AND deflation. The execution of that has some gray area. Preventing future economic extremes prevents both inflation or deflation on the other end. I don’t like the FED, don’t like the premise of them, but they aren’t exactly working outside their purposefully broad directive IMO. Again, I will say historic rates sit at 5%. We’ve kept them so low for so long thanks to QE, that in order to get back to 5% from 2.5% will take the articifial raising of rates not in conjunction with inflation. They will be done in order to prevent a seasaw effect when we do hit a recession in essence saying they are working in their mandate. It is very subjective and very political. 100% agree. Quote Link to comment Share on other sites More sharing options...
JEFF Posted December 23, 2018 Share Posted December 23, 2018 If nothing else it’ll give people a safe place to earn meager growth with their local banks again. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted December 23, 2018 Share Posted December 23, 2018 5 hours ago, xtralettucetomatoe580 said: Average over time has been at 5% with fluctuations. We are at 2.5%. Hardly inflating them. You did bitch about Obama keeping rates too low. Now Trump is bitching about rates being too high when they aren’t. The problem is pretty simple. 90% of people don’t understand that rising rates is a show of confidence in the economy. You should be charged more for borrowing becuase times are good enough to warrant it. And the fact the stock market dips when rates go up is pretty simple to understand. And they have all kinds of fancy nerds and economists to determine neutral, but it’s pretty much guess and check. What rate are you talking about? The average savings account rate, mortgage rate or prime? Quote Link to comment Share on other sites More sharing options...
xtralettucetomatoe580 Posted December 23, 2018 Share Posted December 23, 2018 (edited) 1 hour ago, revkevsdi said: What rate are you talking about? The average savings account rate, mortgage rate or prime? The only rates the FED set are the funds rate and discount rate (which doesn’t effect you directly as it deals with banks borrowing from the FED). The FED does not control the Prime rate... Honestly, if you don’t understand what the FED does, should you even be chirping in here? These are basics. You wouldn’t try to talk about calculus if you couldn’t do basic addition... Edited December 23, 2018 by xtralettucetomatoe580 Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted December 23, 2018 Share Posted December 23, 2018 5 minutes ago, xtralettucetomatoe580 said: The only rates the FED set are the funds rate and discount rate (which doesn’t effect you directly as it deals with banks borrowing from the FED). The FED does not control the Prime rate... Honestly, if you don’t understand what the FED does, should you even be chirping in here? These are basics. You wouldn’t try to talk about calculus if you couldn’t do basic addition... Read the thread Mr. Dow 30,000 by the end of the year. They are talking about savings account rates. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.