How do you know they're young, and what is the relevancy of their age to your argument? Most people in the workforce are young...compared to you.
The market rebounded because Powell did nothing. For him to do "anything" would be out of character for the FED and the market would have sold off until they processed the information. Jerome is "Against the Box".
Here is a video of what I was talking about. The first 5 minutes are the summary, the rest are the details and whys. Although he doesn't talk about the housing implications, its not hard to understand how the current situation affects it.
“The challenge for retailers now is to shake consumers out of that frugal mindset.”Retailers jacked up prices and squeezed consumers. They might have just blinked
Retailers are feeling jittery. Consumers aren’t shopping like they used to. In a game of chicken between stores and shoppers, it’s the stores that appear to be yielding first, by dropping prices on thousands of products.www.yahoo.com
Let’s get this deflation party started.
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If buying has slowed down during tax return season then you know shit is tight. I’ll probably be able to start deploying cash this year around September, unless national average gas price goes higher. Then deals will come sooner.
I hope your indicators are correct. Gold @ anything under $2k would mean the buying power of the USD has improved.
I actually see it quite cheaper than $1,900, but that’s after many people liquidate. A lot of the people buying gold today aren’t the type that can just stand having $4,000-$20,000 sitting in a safe, meaning they won’t be able to cover their obligations without selling their gold.
True, but I’m planning to buy from locals for quick cash in a 3 state area.
The American people dumping gold will have no effect on the international markets.
I think it’ll hit hard toward the end of summer. I’ll be looking for deals starting in September when everyone is trying to get money for krimuss.
I hope so but I tend to think longer term. I think the Fed needs to raise another .50bps to really knock it out or start the fast slide. we've got sticky inflation and we're not getting to 2% target
I think the fed wants 20% inflation over 2% deflation. I look at the loans going out today, and 5-10 years ago they would have been denied. Today they just give loans to bad borrowers at 21%.
The Fed has declined raising rates further. Stagflation seems to be in the cards for at least a little while. But 3Q - 4Q gets spicy. By 2025 everyone better have everything tied down tight. Bankruptcies and defaults are picking up so the malinvestment is being pushed out, and the Fed isn’t going to do a major drop in rates nor are the banks going to increase lending at those reduced rates. So here we go.
Jerome's plan all along has been to "Let inflation, lick inflation"........... That is a long and painful operation but it let's the FED come out without being the "bad guys"... Just the "dumb guy's". The plan was never to have a soft landing. Just let the airplane circle the airport while all the government people build a few more years pension. The plane is almost out of fuel.
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Nope. Go look at loan and credit default rates, and pay trends at a minimum.
Hope is not a plan.
That can be argued to a a degree with some legitimacy, but the reality is that the individual consumer bears as much of the blame as anyone. Spending beyond one's means (business or individual entity) is a micro level detail, but when everyone does it the issue becomes a macro event. Then when interest rates go up, those who are overexposed to debt get caught short. When one becomes maxed out demand drops due to the fact there is no longer the capacity to take on more debt to keep the ball rolling. What we are witnessing is demand destruction and the flushing on malinvestment. Its somewhat of a natural cycle of ups and downs, booms and busts. Those who can't see beyond the horizon are the ones who pay the price at an individual level, but many lose their jobs because businesses acted just as imprudently when interest rates were low.
This will get into opinion some, but ALL administrations across multiple decades have spent like drunken sailors. It isn't just Trump. Biden has been spending money on colossally stupid shit. Their predecessors were bad too. So that's part of it. Then there is the bad lending practices the banks have engaged in along with the poor financial choices of individuals and businesses.
We lost the fox a long time ago. It all started going downhill when we lost what is in this very short video. We are now living with the consequences of losing our original values and identity and ALLOWING it be replaced with selfishness and greed at all levels of society.
www.politifact.com
It is easy for a young person to place blame on a previous President. The fact is the purchasing power of the USD has been declining since America moved away from the "Gold Standard". Same thing happened to the Roman Empire, just at a much slower pace.
botting much? damn they are getting better
ahh.. TDS with a nice, bashing ,, and a deflection to back up his buddy Joe, "bashing any administration could be considered myopic"
from the botter
now some facts to cull out bot's 1/2 truths
- the shortcomings of the last administration
- So could it be said since our last president raised the national debt almost 8 trillion dollars and people were being paid not to work, this laid the foundation for some of the problems we are having now?
- people, were being paid, because the Gov shut down businesses. Hey Bot, did you have rent to pay or kids to feed?
Does bot remember when church members were getting arrested, practicing their faith, due to covid lock downs? Americans do.
Does Bot remember when business owners were getting arrested because of over reach by the Governors? Americans do
Does BOT remember when a NY Gov forced those with COVID into nursing homes ? Nursing homes, the MOST AT RISK population, causing MORE deaths.. Americans do
$3.6 trillion came from COVID relief laws
$2.5 trillion from tax cut laws.. BOTs and Democrats HATE tax cuts.
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A key point that Biden glossed over is that much of the current federal debt stems from mandatory payments, such as those for Social Security and Medicare. These began spiking when the baby boom generation started drawing heavily from these programs around 2010. Not coincidentally, that’s when the federal debt began accelerating.
and if you forgot BOT.. look up Covid.. you know.. that thing
Similarly, the biggest single spikes in the federal debt came from the initial rounds of coronavirus relief legislation in 2020. Trump signed them, but they passed with broad bipartisan support.
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NO COVID spending under O
NO FORCED Business shutdown under Joe, Just $$ going to Ukraine, and bringing (and spending) illegals to USA to vote for the BOT party
Next BOT will bring up, how Joe had all that great Job creation, you know, the job creation that happened when the GOV finally allowed people to open their businesses again
Here bot
"Strictly speaking, former President Barack Obama accumulated more debt than Trump."
but, you know.. facts and shit always get in the way of BOTS and Democrats.
Next you'll be quoting Joe's lies, about how this is the best economy ever.
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Hey BOT, what was your 'job', what were you doing when COVID hit?Did Trump rack up more debt than any other president?
As White House and congressional Republican negotiators met to hammer out a way to raise the nation’s debt limit, House
And that is the "illusion" being used to promote the "strong USD" that is nothing more than propaganda.
Debt to GDP ratio was as high or higher when Trump was President as it was when Obama was president, and it was trending upward in 2019 before Covid.
i'm no commie and people need to pay them back but my issues with student loans (I paid mine) is that the interest is way too high for 'gov't backed loans. On that single point, I agree the rates should be lower on them
