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Turnaround Jay! One Small Rate Hike Expected In May, Then A Turnaround With Fed Rate Cuts To 4.28% (Too Bad Taylor Rules Calls For A Target Rate Of 10.29%)
Confounded Interest ^ | 03/30/2023 | Anthony B. Sanders

Posted on 03/30/2023 7:16:24 AM PDT by Kaiser8408a

Turnaround Jay!

Fed Funds Futures are pointing to one more rate hike at the May FOMC meeting, then a turnaround with The Fed cutting its target rate.

Too bad the Taylor Rule is calling for a target rate of 10.29%.

Like the film, “He Never Died”, The Fed never died. And neither did quantitative easing.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: biden; fed; inflation; rates
Biden's economy is swirling around the toilet.
1 posted on 03/30/2023 7:16:24 AM PDT by Kaiser8408a
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To: Kaiser8408a
Milton Friedman

From: https://www.youtube.com/watch?v=B_nGEj8wIP0

Recorded at University of San Diego & San Diego Chamber of Commerce ©1978

27:16 min mark

"In the United States, we have also had, and in most countries, a third less important factor that has contributed to excessive increases in the quantity of money, and that has been mistaken policies by the central bank."

"Professor Siegan referred to the mistake of the Federal Reserve Bank inthe late '20s and early '30s. From 1929 to 1933 the quantity of money in the United States went down by a third, and that was a major factor that produced the catastrophe. That was the great mistake of the Federal Reserve. It learned from that mistake. Government agencies, like people, don't always make the same mistake the next time; they make a different one. And since that period, the central banks have tended to make the mistake in the opposite direction. Their mistake has almost always been caused by confusing their function, by thinking that they had something to do with interest rates instead of recognizing that their real function was to control the quantity of money."

2 posted on 03/30/2023 7:19:12 AM PDT by frogjerk (More people have died trusting the government than not trusting the government.)
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To: Kaiser8408a
And neither did quantitative easing

For my birthday I got a humidifier and a de-humidifier... I put them in the same room and let them fight it out. - Steven Wright

That’s the Fed, raise interest rates to reduce inflation and print money to increase inflation. Eff’n Morons.

3 posted on 03/30/2023 7:22:33 AM PDT by ConservativeInPA ("How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually and then suddenly." )
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To: Kaiser8408a
It's been at least 100 year run. It's over. RIP fiat.


4 posted on 03/30/2023 7:25:18 AM PDT by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: Kaiser8408a

“Biden’s economy is swirling around the toilet.”

But there’s cleverness.

To fund all of his stuff, why raise taxes? Just print the money, which causes inflation, which is the equivalent of a tax on all of us.


5 posted on 03/30/2023 7:40:16 AM PDT by cymbeline
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To: frogjerk

Well, that’s exactly it. The Fed needs to be shrinking the money supply instead of screwing around with interest rates, but too many well-connected insiders and politicians love the limitless expansion.


6 posted on 03/30/2023 7:44:26 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Kaiser8408a
I attempt to pursue a rational expectation approach to my economic exertions. But the likes of Jay and his friends make it very difficult. The mantra of fostering full employment and a stable economy has faded into the dismal truth that the Fed etc. are in reality most concerned with coddling too big to fail banks.
7 posted on 03/30/2023 7:50:29 AM PDT by PerConPat ( A politician is an animal which can sit on a fence and yet keep both ears to the ground.- Mencken)
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To: Kaiser8408a

Swirling. Yes and us with it.


8 posted on 03/30/2023 8:58:25 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dreams)
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To: C210N

Aren’t 1965 dimes 4% silver?


9 posted on 03/30/2023 9:19:31 AM PDT by Vermont Lt
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To: Vermont Lt

40% not 4%.


10 posted on 03/30/2023 9:19:57 AM PDT by Vermont Lt
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To: Mr. Jeeves

They have been shrinking M2 if you look. That is one reason why the rate of inflation has been increasing at a smaller rate. Now cut gov spending and we will be going in the right direction.


11 posted on 03/30/2023 9:27:09 AM PDT by frogjerk (More people have died trusting the government than not trusting the government.)
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To: Vermont Lt

1946 thru 1964, 90% silver. 1965 onward, 0%.

Lots of dimes prior to 1946 were 100% (but perhaps not all, so beware).


12 posted on 03/30/2023 9:49:32 AM PDT by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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