Posted on 05/07/2024 7:34:54 PM PDT by Roman_War_Criminal
The Federal Reserve is stuck between a rock and a hard place. If the Fed pushes rates higher, interest payments on our 34 trillion dollar national debt could spin wildly out of control and bank balance sheets will be in even worse condition than they are now. First Republic just bit the dust, and literally thousands of other small and mid-size banks and in serious jeopardy. So it would be suicidal to hike rates at this point. But if the Fed were to reduce rates, that would be like injecting jet fuel into a raging fire. Our ongoing inflation crisis is absolutely crushing working families, and the rising cost of living has risen to the top of the list of things that U.S. voters are concerned about. The Fed seems very hesitant to cut rates, because that would make inflation even worse. So at this point the Fed is essentially caught in a “deer in the headlights” moment because it doesn’t know which way to go.
But staying on the path that we are currently on is only going to end in disaster.
Mark Spitznagel, the chief investment officer of Universa Investments, recently warned that he believes that the “worst market crash since 1929” is ahead of us…
One of Wall Street’s most bearish skeptics told Business Insider last month that he thinks the “worst market crash since 1929” is coming.
For years, our leaders have been “kicking the can down the road”, but according to Spitznagel all of that intervention has set the stage for an absolutely epic collapse…
In an interview with New York Magazine’s Intelligencer last year, Spitznagel likened the Fed’s “constant monetary intervention” to forest fire suppression.
(Excerpt) Read more at theeconomiccollapseblog.com ...
The Fed is purposely doing the wrong thing in order to steer us off a cliff.
“The banks are where we get mortgages to buy homes, auto loans to buy vehicles, and credit cards to go on shopping sprees.”
I use a credit union. 3.1% home loan, 1% car loan
I putting my money in tulips. They did it once, they can do it again. Just need to time the market to sell it before it implodes or else you’ll take it in the shorts.
I thought for years we would have a crash. Hasn’t happened. Could have lived a bit better life. Oh well...
Credit union accounts are insured the same as bank deposits.
Here’s an idea: how about the assorted perverts and thieves in Congress and at 1600 Pennsylvania Avenue cut spending so that the National debt goes up by less than the actual growth in the economy, and do that for 7-10 years. The debt as a percentage of the economy will decline, and so will interest rates, accelerating the reduction of the debt burden on the present, and all future, generations.
ping
I don’t believe that there will be a serious crash. Too many politicians have their money in the markets. They won’t let it happen because it would hurt them.
The stock exchange is a funny place,
It's the strangest place in town.
The seats cost half a million cash,
But the brokers won't sit down.
There's the broker, the bull and the bear,
It's queer, but it's not a joke,
For you get the bull till your bankroll's bare,
And the broker says, "you're broke."
“Credit union accounts are insured the same as bank deposits.”
All my dough is in stocks.
“I thought for years we would have a crash. Hasn’t happened. Could have lived a bit better life. Oh well”
Same, but for how much longer can the markets stay irrational?
At this point markets kind of have to move with inflation
Fake news. You can find a story like this every week.
As is SOP for the fe(de)ral government.
My suspicion is that because the elections are coming around, the leftists/dems are going to try to do what they can to improve the economic situation. Things like lowering gas and fuel prices, and interest rates.
They will make a show of trying to undo the unpopular, country destroying policies they have enacted so people will instead think they are the *heroes* for having *fixed* the problems they will blame on President Trump.
And the gullible, short memory general public will most likely buy it.
Yeah.
2008, the Democrats were loudly screaming that Americans weren’t “paying enough” for gas.
The polling said this was bad policy for them.
Election 2008, voters seemed completely incapable of remembering the prior ten months.
That would make too much sense, and besides that would be good for America and they don’t want that.
“DONT CRY FOR ME ARGENTINA “
Just look at what happened there following the same economic insanity we are following today. Fortunately they have a new leader that is a patriot and not economically insane. They might recover. I hope we do.
Good.
What credit union is giving 1% on a car loan?
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