Posted on 02/27/2018 8:36:53 AM PST by SeekAndFind
The Fed needs to STFU. Things are fine, or were, stop tweaking.
I’m POd that these guys covered for Obama by their low interest and spending policies propping up the market.
At the same time, it is crazy to keep up that policy and create a fake market.
My guess is that the President approves of their getting back to reality.
Good. Free money is no way to encourage responsible behaviour.
Well, that will take care of the housing market.... POOOF.
Buy your QQQ puts now.
I also remember earning 14.3% on my money market mutual fund back in 1981. Ah, the good old days when I didn’t have money saved yet......
So why announce this?
Yup, now us folks that save can earn a little more interest.
Bring rates up to historic levels. Keeping rates ridiculously low is creating a monstrous over-valuation of stocks and real-estate. In other words FED has created the biggest bubble in 1000 years. The inevitable crash will also be historic.
This is crappy news for those of us who are desperate to sell our old home and get a mortgage on a home in our new work location... made even worse by the necessity to get the old house sold FIRST...
And as others have posted - “if it ain’t broke, don’t “fix” it”... economy is moving well, inflation is still not significant. Ugh
Because Wall Street hates surprises. Getting the news out early softens the market reaction.
What planet are you living on? Mortgage rates are lower than in 8 decades. What do you want? Lenders to lend you money at rates lower than ACTUAL INFLATION?
Necessities such as groceries, utility bills, doctors fees, lawyers fees for divorce and wills, property taxes, etc are escalating way above the FED interest rates.
Agreed, the FED re-elected Obama by keeping interest rates lower than a midget.
When a clear, soft moderate like Powell talks 4 increases in a year...you know we’re overdue.
This is the clearest indicator that debt deflation has been defeated and raucous inflation is on the horizon.
And now is the time to position for it.
Borrow money, buy houses. And farms. And anything real.
Listening to this hearing, I am both disgusted and pissed off by the constant yammering about “What about black folks? When do we get more.........” etc. Makes me gag!!
There goes our bond index funds in retirement this year, at least with the net asset value ...
He was speaking at a required Congressional hearing. He didn't say things weren't fine. Just the opposite in fact. Rates have been held artificially low for a long time. They need to be raised. They should have been years ago.
Interest rate on my credit card has already climbed the past two months so not glad to hear this news. Hassle to transfer balance to another card but may be necessary this year.
Don’t make many purchases but did put a couple of large ones on the card. Won’t do that anymore.
Two 25 basis points would be enough.
See Fred and analize the data.
And no, I’m not going to explain my position unless you pay money.
5.56mm
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