Posted on 02/18/2024 8:35:29 AM PST by Kaiser8408a
The Federal Reserve (aka, The Keep) is back in the saddle again. The Fed has been unable to control inflation since Federal government spending was so fast and furious after Covid that little thought was given to the long-term ramifications of insane spending.
Example?
Home price growth is rising again. Home prices in traditional “bubble cities” out west were cooling, but are reaccelerating. Even Detroit and Cleveland are seeing rapid home price acceleration.
In retrospect, this wholesale dovish euphoria may have been rather short sighted, because after several strong economist reports hit the tape (with the Nov 2024 election growing closer by the day, that should hardly have been a surprise), March rate cut odds collapsed from over 100% in late December, to just 12% currently…
… as first the January CPI printed red blazing hot – with core coming in at 3.9% far higher than the 3.7% expected, with the 3-month annualized rate jumping to 4% from 3.3% and the 6-month annualized rate spiking to 3.7% vs 3.2%, but the biggest highlight was SuperCore CPI (i.e., core CPI services ex-Shelter) which soared 0.7% MoM, the biggest jump since Sept 2022…
Of course, the mass migration across the Mexican border (who knows? could be up to 11 million under Biden’s Reign of Error). While Paul Krugman, the resident lunatic economist for the New York Times, extols the virtues of mass immigration for driving up GDP, fails to recognize that mass migration is helping drive up prices. This is inflation that The Fed can’t control. And Biden/Mayorkas want even MORE mass immigration.
Maybe Fed Chair Powell should watch the film “The Keep” for lessons on how to control inflation. in the face of government sanctioned mass ILLEGAL immigration from Latin America, China, Africa and The Middle East.
(Excerpt) Read more at confoundedinterest.net ...
The scum establishment is attacking Americans with fiat currency inflation, crushing taxation, and illegals immigration to depress wages and spike inflationary pressure.
We are ruled by evil criminals, thieves, and perverts.
This cannot stand.
No good choices.
I bet they raise.
Interest rates will probably not decline, until tax rates increase.
I don’t know how Fed Chair Powell personally feels. But the Deep State obviously wants to see Biden “win” again in November. Inflation will upset the voters. But so will higher borrowing rates.
Poor Fed Chair Powell. I guess he’ll be getting a ton of conflicting advice.
The only way to relieve inflation is to produce more of the goods that are in high demand.
Screwing with interest rates causes high unemployment, bankruptcies and major misery for the public.
The FED is a scam. And a gift to side traders.
CLOWARD & PIVEN
It’s overwhelming alright
“Home Price Growth Reaccelerating”
Home prices are driven by the stock market, not by interest rates.
What a young adult does buying an iPhone mean?
Quite often it means being priced out of the opportunity to buy a house.
What a young adult does buying from Amazon mean?
Quite often it means being priced out of the opportunity to buy a house.
(The scum establishment is attacking Americans with fiat currency inflation, crushing taxation, and illegals immigration to depress wages and spike inflationary pressure.)
World War III will provide an excellent distraction.
Sorta.....but not really.
Home prices growing is in large part because of hedge funds manipulating the markets, period.
Playing with interest rates isn’t going to stop this trend.
“We are ruled by evil criminals, thieves, and perverts.
This cannot stand.”
The average American hates government and politicians, but votes to increase both.
If housing wasn’t overpriced, people with 6% mortgages could tack on 2% onto the mortgage principle and only shell out 4% on a timely basis to the mortgage company.
If inflation is 8% a year, do you think mortgages should be 4%? 5%? People lending out money would be losing 3% or 4% a year in buying power.
“hedge funds”
They are going into housing because lots are becoming small compared to house size, houses now have more durable components such as all plastic shower stalls and because houses are being built in desert areas where overgrown lawns aren’t likely to be a problem.
They basically can make and break whatever promise they make with money. Debt is near meaningless since you can inflate your way out of it.
But... What that means is that a bunch of corrupt politicians and their stooges in the bureaucracy have total control.
You could save all your life, and suddenly with a Biden in office find that 20% of what you worked for just vaporized, if what you scratched together was in the form of money.
If people are dumb enough to pay these interest rates I happy to accept them as I live completely off dividends
Eccl 10:2
has put together an investment thread ping list
it’s been going about 2 weeks
ping him .... or something to get added
it’s been great ..... the more the merrier
Tax increases do not lead to revenue increases.
Correct, but the promise sells to the left.
IKR. Every D caller this morning on CSpan called to tax the rich to fox the deficit! The thought that they will inevitably be the ones paying the taxes for the rich goes over their heads.
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