Posted on 03/22/2023 11:36:21 AM PDT by Oldeconomybuyer
Getting less than 1% like bank accounts is even worse.
I have a college education and it’s psychobabble.
The Fed probably has a list of non-Fed banks which they expect/hope this rate hike to kill off.
The end of this panic is likely nationalization of the banking system after the current system is destroyed by bank runs.
One bank to rule us all.
One universal CBDC to bind us all, in the darkness.
Is is just me or is spell check gone for everyone?
Not sure you are correct on that. With a recession in process, oil prices are coming down. I would be more concerned about the effects on rates imploding Bank Balance Sheets like we just saw with SVB, First Republic, Signature Bank, etc. etc.
These past 50 years have seen psychotherapy, corporate management, New Age Spirituality, teen girl slang, and ghetto slang all bastardize English, each in their own way.
Toxic bank assets can be hidden by coerced consolidation. You cannot hide inflation. Meanwhile, fiscal policy is at odds with FED policy. All bad.
Fantastic....rates are up but inflation will remain high.
Correct. They need another 1.5 percent and an expense cut.
The same thing it means to everyone else.
Powell even contradicted himself by basically, saying that the data will drive what happens, right after saying it’s the last rate hike for the year.
Don’t feel bad, neither Yellen, nor Powell know what they are talking about., which is why we are where we are, and it will only get worse.
They don’t need to raise interest rates at all - they need to contract the money supply. Too many corrupt interests will scream, however, if that is attempted.
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