Crnr2Crnr Posted November 30, 2022 Share Posted November 30, 2022 no brah, I have sixteen trillion reasons to disagree https://www.cnbc.com/2022/11/30/elon-musk-says-the-fed-must-cut-rates-immediately-to-stop-a-severe-recession.html https://www.statista.com/statistics/500814/debt-owned-by-consumers-usa-by-type/ Quote Link to comment Share on other sites More sharing options...
Gold Member poopooforme Posted November 30, 2022 Gold Member Share Posted November 30, 2022 Whats done is done but if the rates would have never gone below say 5% this party would be a lot different. Now there needs to be pain to pay the tab for the way the party went. I do smile at my mortage on my custom house we built in 2017. 15 year note @ 2.275%!! Fuck ya!! 2 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 30, 2022 Share Posted November 30, 2022 He's right. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 30, 2022 Share Posted November 30, 2022 They arent going to do that as long as inflation remains high. We will need to see some pain first Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 30, 2022 Share Posted November 30, 2022 1 minute ago, Anler said: They arent going to do that as long as inflation remains high. We will need to see some pain first Inflation is high from the government spending. 1 Quote Link to comment Share on other sites More sharing options...
jdsky Posted November 30, 2022 Share Posted November 30, 2022 2023 is going to be a brutal year for the economy. 3 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 30, 2022 Share Posted November 30, 2022 16 minutes ago, jdsky said: 2023 is going to be a brutal year for the economy. You ain't kidding. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 30, 2022 Author Share Posted November 30, 2022 1 hour ago, ArcticCrusher said: He's right. nah, rates should have never gone as low as they did for as long as they did. Fed caved into Wall Street, now we're going to go into a healthy recession because of it. stock up on canned goods, and ammo. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted November 30, 2022 Share Posted November 30, 2022 Elon needs the cheap money to pump the Tesla stock. The fed was asleep at the wheel. The market seems to think the fed is going to pivot soon. We are a LONG ways away from their target of 2% inflation. A lot of people are going to need to lose their jobs to bring inflation down that far. 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 30, 2022 Share Posted November 30, 2022 Yield curve on 10 yr treasuries is more inverted than it’s been in years. The rate hikes are working. Now it’s time to stop raising rates imo. Maybe another predicted 50 bps this month hopefully not. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 30, 2022 Share Posted November 30, 2022 1 hour ago, ArcticCrusher said: Inflation is high from the government spending. Interest rates are how they control inflation. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted November 30, 2022 Share Posted November 30, 2022 36 minutes ago, DriftBusta said: Yield curve on 10 yr treasuries is more inverted than it’s been in years. The rate hikes are working. Now it’s time to stop raising rates imo. Maybe another predicted 50 bps this month hopefully not. 50 bps likely in December. The hikes are working but the fed came way too late to the party. Turns out holding rates at or near zero for long periods of time is bad monetary policy. 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 30, 2022 Share Posted November 30, 2022 45 minutes ago, Anler said: Interest rates are how they control inflation. The inflation they created from insane unnecessary spending. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 30, 2022 Platinum Contributing Member Share Posted November 30, 2022 Keep interest rates where they are, announce Keystone project will be completed, back off new regulations placed on the US petrolium industry and let American energy put a stranglehold on inflation. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 30, 2022 Author Share Posted November 30, 2022 59 minutes ago, teamgreen02 said: Elon needs the cheap money to pump the Tesla stock. The fed was asleep at the wheel. The market seems to think the fed is going to pivot soon. We are a LONG ways away from their target of 2% inflation. A lot of people are going to need to lose their jobs to bring inflation down that far. Powell came right out and said... some people are going to lose their jobs. 51 minutes ago, DriftBusta said: Yield curve on 10 yr treasuries is more inverted than it’s been in years. The rate hikes are working. Now it’s time to stop raising rates imo. Maybe another predicted 50 bps this month hopefully not. imo, they hold until after the holidays 47 minutes ago, Anler said: Interest rates are how they control inflation. inflation which they helped create... oh the irony 1 minute ago, ArcticCrusher said: The inflation they created from insane unnecessary spending. trillions in stimulus certainly added gasoline to the underlying inferno Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 30, 2022 Share Posted November 30, 2022 2 hours ago, ArcticCrusher said: Inflation is high from the government spending. The Canadian government? 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 30, 2022 Share Posted November 30, 2022 7 minutes ago, Highmark said: Keep interest rates where they are, announce Keystone project will be completed, back off new regulations placed on the US petrolium industry and let American energy put a stranglehold on inflation. The Keystone project. Lol Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 30, 2022 Share Posted November 30, 2022 5 minutes ago, Mainecat said: The Canadian government? You're a clueless retard. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 30, 2022 Share Posted November 30, 2022 How much will real estate be affected. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted November 30, 2022 Share Posted November 30, 2022 15 minutes ago, ArcticCrusher said: How much will real estate be affected. Good!!! I'll be in the market for "23. Cash will talk. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 30, 2022 Author Share Posted November 30, 2022 43 minutes ago, ArcticCrusher said: How much will real estate be affected. hopefully a LOT... I'm flush with cash and waiting for some deals on land. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 30, 2022 Platinum Contributing Member Share Posted November 30, 2022 3 hours ago, Anler said: They arent going to do that as long as inflation remains high. We will need to see some pain first Problem is , they are trying to use rates to do something they are not capable of doing. They should have only raised them 1/2 as much as they did and they should have done it 2 yrs ago. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 30, 2022 Platinum Contributing Member Share Posted November 30, 2022 2 hours ago, Anler said: Interest rates are how they attempt to control inflation. fixed it Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted November 30, 2022 Platinum Contributing Member Share Posted November 30, 2022 48 minutes ago, ActionfigureJoe said: Good!!! I'll be in the market for "23. Cash will talk. Me too. By the retirement place then and then wait for the next boom to sell this one. 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.