Posted on 04/25/2024 9:03:31 AM PDT by Kaiser8408a
The Federal Reserve is playing the song “Don’t rock the boat” ahead of the Presidential election. Despite the horrible economic news.
1) 4 months of hotter inflation (like today’s stagflationary GDP report)
2) Nearly 1.5 million full-time jobs decline with 1.9 part-time jobs created over a year
3) $2 trillion annual deficits
Leading traders to price in 1 rate cut in December 2024. AFTER THE PRESIDENTIAL ELECTION!
Under Biden, home prices are up 32.5% and conforming 30Y mortgage rates are UP 160%.
One of my colleagues at George Mason University in finance (an economics PhD) constantly quoted Lenin’s famous “You have to break a few eggs to make an omelet.” But why is it always OUR eggs that have to be cracked, never the wealthy elite.
(Excerpt) Read more at confoundedinterest.net ...
We need to increase rates, not talk of lowering them.
We only will get a rate cut because we are actually in a recession and the numbers prove it. Which they will NEVER admit until after November 3rd.
home prices are up a hell of a lot more than 32% IMO
Depends on market. Some markets are up WAY more than 32%, while others have gone almost flat (more in-line with official inflation numbers).
There are no good solutions.
Raising rates is bad.
Lowering rates is bad.
But waiting until after the election to do something is just playing politics because they want their Boy to win.
“home prices are up 32.5%”
Home owners have benefited greatly. I’m HAPPY.
That's great as long as you don't have to go buy a new home after you sell it.
Many don’t know that their taxes are subsidizing mortgages for illegal aliens as we speak and they have been for years.
BINGO!
My bet is we will soon see a surprise rate increase.
They need to cut rates before the election.
Higher values drive higher real estate taxes.
Not a good deal.
Nobody wants to sell because their payments, insurance and property taxes will skyrocket.
Congress needs to roll back the trillions in spending that caused the inflation to where it was in 2020.
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