We'll have to see. I don't think a reduction/cancellation of any rate cuts is a good thing for the economy. Bad for business growth, home purchases, etc. Unless you already have a ton of capital.
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Biden Inflation Explosion
- Thread starter GromsDad
- Start date
but inflation is still above target because the economy is strong. Cut rates is just more stimulus. Who knows.
Someone asked what Trump would do to combat inflation? How about lower taxes to stimulate the economy?
I definitely don't know and am out of my depths here. So this is just my GED-brain attempting to assemble some sort of common sense forecast.
I agree the economy is generally strong... by most measures. However, real estate, cost of money, and insurance have a meaningful impact on people's bottom lines.... but even more so on a business's bottom line. Throw in a potentially looming commercial real estate fallout, and it feels like dark clouds on the horizon.
stay tuned for a capitalist freedom fries bailout of the home owner's insurance market
so we’re in agreement that the economy is strong
When I created this thread there should have been an option where the left tells the public not to believe their own eyes.
i know, right!!
whooda thunk that we’d have such an amazing post-pandemic recovery, record low unemployment, wage growth, a strong economy, student loans being forgiven left and right, a record high DJIA, and a transition to renewable energy……all in a matter of 3 years.
@sirfun how did i do?
Since you created this thread, everyone’s home and stock values have risen tremendously…
Wholesale inflation rose 2.1% in March — sharpest increase in 11 months
nypost.com
Wholesale inflation rose 2.1% in March — sharpest increase in 11 months
The March reading of the PPI had the markets breathing a sigh of relief on Thursday morning before the bell.
nypost.com
You didn’t read the article did you?Wholesale inflation rose 2.1% in March — sharpest increase in 11 months
Wholesale inflation rose 2.1% in March — sharpest increase in 11 months
The March reading of the PPI had the markets breathing a sigh of relief on Thursday morning before the bell.
Are you upset at a 2.1% yoy increase? Or are you upset the number was lower than expected? Are you upset it was down a full.4% since last month?
Or are you upset the unemployment figures were down and lower than expected?
In your own words?
Stay tuned while Fatty McTubeDodger devises new and even stupider ways to dodge your points.
And inflation up around 9% went down to 3% without a recession. Far better than I'd hoped circa two years ago.
Also depressing that basically good news across the board is a problem because borrowing money is slightly more expensive. I don't need leverage to buy P&G products.
"fastly"i am shitting diamonds
Donalderinho Pumperino
"we cured covid by directly injecting everyone with $5T."
How is that helping the 50% of this state which rents and doesn't have a 401(k)?
He deserves a lot of the blame for the COVID response and lockdowns which necessitated stimulus, but he doesn't control the Fed which now does little more than backstop what Congress spends and tries to control inflation with interest rates. We have to get our spending under control.