Crnr2Crnr Posted September 20, 2023 Share Posted September 20, 2023 rates going to hold or will J Pow add another quarter or half a point to fight inflation? imo, it'll be a hold. fed rates effects the economy far more than any potus does Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 20, 2023 Share Posted September 20, 2023 Just now, Crnr2Crnr said: rates going to hold or will J Pow add another quarter or half a point to fight inflation? imo, it'll be a hold. fed rates effects the economy far more than any potus does Ur a faggot ass retard. That’s the only rate I’d bet on. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted September 20, 2023 Author Share Posted September 20, 2023 4 minutes ago, f7ben said: Ur a faggot ass retard. That’s the only rate I’d bet on. good morning to you as well Fag7Ben how about a nice warm cup of go kill yourself? Quote Link to comment Share on other sites More sharing options...
dsupercat Posted September 20, 2023 Share Posted September 20, 2023 18 minutes ago, Crnr2Crnr said: rates going to hold or will J Pow add another quarter or half a point to fight inflation? imo, it'll be a hold. fed rates effects the economy far more than any potus does Do you think the president has any effect on the the fed rates?? That was a dumb comment! Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted September 20, 2023 Share Posted September 20, 2023 Reading 60% chance hold 40% raise another 1/4 point. Possible cut end of last quarter, and as much as a full point over the next year. Stock up on those 5.45% CDs while they got 'em. And the POTUS isn't exactly giving confidence in the economy, something we had under Trump. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted September 20, 2023 Author Share Posted September 20, 2023 12 minutes ago, dsupercat said: Do you think the president has any effect on the the fed rates?? That was a dumb comment! how does the potus effect the fed rates? 4 minutes ago, DriftBusta said: Reading 60% chance hold 40% raise another 1/4 point. Possible cut end of last quarter, and as much as a full point over the next year. Stock up on those 5.45% CDs while they got 'em. And the POTUS isn't exactly giving confidence in the economy, something we had under Trump. similar. I have some short term CD's (10-13mo) coming to term in the next few months and have more to roll in to the next set. not concerned about a quarter point here or there so I might hold off until after the holidays. looking at the massive amount of debt people wracked up during and after covid gives me less confidence in the economy than anything Trump or Biden has done. chickens coming home to roost phase atm with record high personal debt. the days of easy $ for Wall St. have been reigned in from the days of uber low rates yet the markets have been oddly and stubbornly resilient. 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 20, 2023 Share Posted September 20, 2023 19 minutes ago, DriftBusta said: Reading 60% chance hold 40% raise another 1/4 point. Possible cut end of last quarter, and as much as a full point over the next year. Stock up on those 5.45% CDs while they got 'em. And the POTUS isn't exactly giving confidence in the economy, something we had under Trump. A worldwide pandemic will have just a little effect on consumer confidence. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted September 20, 2023 Author Share Posted September 20, 2023 3 minutes ago, Mainecat said: A worldwide pandemic will have just a little effect on consumer confidence. why drag that shit into this? Quote Link to comment Share on other sites More sharing options...
snoughnut Posted September 20, 2023 Share Posted September 20, 2023 21 minutes ago, Crnr2Crnr said: how does the potus effect the fed rates? similar. I have some short term CD's (10-13mo) coming to term in the next few months and have more to roll in to the next set. not concerned about a quarter point here or there so I might hold off until after the holidays. looking at the massive amount of debt people wracked up during and after covid gives me less confidence in the economy than anything Trump or Biden has done. chickens coming home to roost phase atm with record high personal debt. the days of easy $ for Wall St. have been reigned in from the days of uber low rates yet the markets have been oddly and stubbornly resilient. The Fed raises rates to slow inflation and inflation is fueled by excessive govt. spending by the insane Bidumb admin. and his band of radicals. 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted September 20, 2023 Share Posted September 20, 2023 Given the latest data on inflation, I expect a 1/4 point raise. Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 20, 2023 Share Posted September 20, 2023 (edited) 6 minutes ago, snoughnut said: The Fed raises rates to slow inflation and inflation is fueled by excessive govt. spending by the insane Bidumb admin. and his band of radicals. Trumps spending got the ball rolling big time along with his tax cuts and the insane rate cuts at the time Edited September 20, 2023 by f7ben 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 20, 2023 Share Posted September 20, 2023 22 minutes ago, Crnr2Crnr said: why drag that shit into this? Because it effects consumer confidence…..unless you can explain how it doesn’t. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted September 20, 2023 Share Posted September 20, 2023 Just now, f7ben said: Trumps spending got the ball rolling big time along with his tax cuts and the insane rate cuts at the time Then Bidumb and his flunkies strolled in and said......"that's child's play, watch this". Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 20, 2023 Share Posted September 20, 2023 1 minute ago, snoughnut said: Then Bidumb and his flunkies strolled in and said......"that's child's play, watch this". Except they haven’t spent nearly like Trump , the FED has u wound the balance sheet on their watch and raised rates instead of cutting. Trump was a full blown fucking disaster. There’s no denying the inflation is his to own. 2 Quote Link to comment Share on other sites More sharing options...
snoughnut Posted September 20, 2023 Share Posted September 20, 2023 2 minutes ago, Mainecat said: Because it effects consumer confidence…..unless you can explain how it doesn’t. The steaming pile of shit Dem. radicals have a far greater impact on consumer confidence. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted September 20, 2023 Share Posted September 20, 2023 15 minutes ago, f7ben said: Except they haven’t spent nearly like Trump , the FED has u wound the balance sheet on their watch and raised rates instead of cutting. Trump was a full blown fucking disaster. There’s no denying the inflation is his to own. Trump had to deal with the plandemic there sunshine. Biden is a full blown fucking disaster and America is taking it right in the ass as we speak. Despite campaigning as a moderate, President Biden has dramatically accelerated federal spending during his time in office. He has now spent more in his first two years than President Trump did during his last two years at the height of the pandemic. Official estimates from the Congressional Budget Office (CBO) show that, since January 2021, legislation signed by President Biden has set in motion a record $3.37 trillion in new spending, surpassing Trump's previous record of $3.28 trillion during the 116th Congress. Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 20, 2023 Share Posted September 20, 2023 5 minutes ago, snoughnut said: Trump had to deal with the plandemic there sunshine. Biden is a full blown fucking disaster and America is taking it right in the ass as we speak. Despite campaigning as a moderate, President Biden has dramatically accelerated federal spending during his time in office. He has now spent more in his first two years than President Trump did during his last two years at the height of the pandemic. Official estimates from the Congressional Budget Office (CBO) show that, since January 2021, legislation signed by President Biden has set in motion a record $3.37 trillion in new spending, surpassing Trump's previous record of $3.28 trillion during the 116th Congress. Trump didn’t have to do anything , he loved spending the money. He bragged about it and wanted to spend twice what congress let him. He was a big spender before the plandemic as well and his tax cuts and rate cuts only exacerbated it 1 Quote Link to comment Share on other sites More sharing options...
awful knawful Posted September 20, 2023 Share Posted September 20, 2023 35 minutes ago, f7ben said: Trump was a full blown fucking disaster. Pot meet kettle. Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 20, 2023 Share Posted September 20, 2023 2 minutes ago, awful knawful said: Pot meet kettle. Shut up stupid , you’re a yappy little dumbfuck faggot loser. Kill yourself 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted September 20, 2023 Author Share Posted September 20, 2023 16 minutes ago, f7ben said: Trump didn’t have to do anything , he loved spending the money. He bragged about it and wanted to spend twice what congress let him. He was a big spender before the plandemic as well and his tax cuts and rate cuts only exacerbated it as much as I hated 'liking' your posts... Snoughwitted has no grasp on economics of scale outside his personal and political perspectives. ok, now back to go kill yourself Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted September 20, 2023 Author Share Posted September 20, 2023 49 minutes ago, Mainecat said: Because it effects consumer confidence…..unless you can explain how it doesn’t. what's less inspiring to people that want to finance and buy shit they can't afford... near zero percent interest rates or 5% ? all the pandemic and pandemic spending did was create a gold rush of inflation... to save 'the economy'. f'ng brilliant, and economists were warning of it the moment the first Big Grift was announced. this shit lies squarely at the feet of democrats and republicans alike. 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted September 20, 2023 Share Posted September 20, 2023 16 minutes ago, Crnr2Crnr said: as much as I hated 'liking' your posts... Snoughwitted has no grasp on economics of scale outside his personal and political perspectives. ok, now back to go kill yourself I don’t view things through a partisan lense , I hate everyone. That makes it easy to assign blame properly 1 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted September 20, 2023 Author Share Posted September 20, 2023 8 minutes ago, f7ben said: I don’t view things through a partisan lense , I hate everyone. That makes it easy to assign blame properly I don't enjoy agreeing with you but... lots of blame to go around for where we're at currently. I get super annoyed with people who believe POTUS controls the majority of economic matters and gas prices. f'ng Congress does far more damage. this looming shutdown should be fun. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 20, 2023 Share Posted September 20, 2023 1 hour ago, snoughnut said: The steaming pile of shit Dem. radicals have a far greater impact on consumer confidence. Yeah let’s throw 2 trillion in tax cuts to Corporate America and watch them buy back their stocks and give their CEO’s millions in bonuses.. Hows that working out? That worked out well. Quote Link to comment Share on other sites More sharing options...
Advertising Member Seatofmypants Posted September 20, 2023 Advertising Member Share Posted September 20, 2023 1 hour ago, f7ben said: Except they haven’t spent nearly like Trump , the FED has u wound the balance sheet on their watch and raised rates instead of cutting. Trump was a full blown fucking disaster. There’s no denying the inflation is his to own. He got the ball rolling no doubt. The lack of a reaction by the fed (about 12 months late on rate increases because of supposed transitory inflation) is what has us real fucked. All they had to do was realize that this inflation was real...and we needed to bump rates....but nooooooooooooooooooooooooooooooooooooooo lets keep money dirt cheap. Quote Link to comment Share on other sites More sharing options...
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