Yep
(Anyone who shops for groceries does not believe the propaganda media when it says that the economy is doing great.)
Exactly
Posted on 12/14/2023 6:42:56 PM PST by davikkm
In a distressing revelation, the Federal Reserve anticipates three rate cuts next year, acknowledging the challenge posed by persistent inflation. The economic engine falters as demand plummets for homes, vehicles, and goods, painting a grim picture of financial distress among Americans.
Once deemed a lifeline, credit cards are now avoided, sinking below pre-pandemic levels. Soaring default rates further darken the economic landscape. Powell’s unexpected dovish shift marks a stark departure from his recent hawkish stance, signaling an alarming shift. The Fed’s surrender to inflation raises concerns, leaving a trail of confusion and uncertainty.
(Excerpt) Read more at citizenwatchreport.com ...
Could there be an election year coming? Anyone who shops for groceries does not believe the propaganda media when it says that the economy is doing great.
The UPS driver for my neighborhood said it was the slowest he’s ever been for Christmas season.
They know that if rates go up a bunch of businesses tip over.
Yet they won’t stop printing money, won’t stop spending money that doesn’t exist, and won’t stop wasteful policies that increase unfunded liabilities.
We’ll have to tackle inflation. Vote out the Democrats. That worked for us back in ‘80.
Why prolong te pain? They should have been more aggressive cutting rates to fight inflation. To beat inflation you need to take your medicine m
Cutting rates to fight inflation? Uhh... thats backwards.
Yep. Banks are on the hook for 5.5 right now.
They have a boatload of mortgages under 4.
Bit of a mess.
Back then, we were the world’s creditor nation. Now we are the biggest debtor in all of human history. Not that easy today to fix things.
Sorry, I mistyped. They should have been raising rates more aggressively. They didn’t do enough of it.
It’s going to be uuuuuugly.
Their whole plan.
I went to the sidelines two months ago.
The gamblers can have this market.
Bunch of weirdos out there saying it’s a great time to make risky investments or trades.
And a bunch of idiots younger than me believe it.
Market has to drive all the money back into the market to sell it off. That’s currently going on. However, with rising inflation, the market looks cheaper and cheaper in the long run.
I don’t know what this CWR place/thing other than click bait.
Fed is composed of knuckleheads. Yep. We know that.
Big banks have an agenda. Yep. We are not in the club.
Economy is a fluster-cluck. Yep. See above.
Maybe CWR just enjoys repeating the obvious?
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