Until the cost of fuel is reduced by 25% there will be no inflation reduction. Once again everyone makes this much more complicated than it is at the core. Everything takes fuel, fuel is more expensive, so everything is more expensive
Jay Powell is made out of putty, like a ghost jar head, fill it up with your liquid of choice. He will fold like a cheap pair of pants when the Chief Commander tells him to announce a reduction in interest rates, hold steadfast and true, start dropping them rates way below the Volcker target.
Nothing above 6% Jay, or else you will get “FIRED”, and the new Chair is........Michael Barr! Yeehaw! Yee Doggie! 👏👏👏👏 Wow, congrats on your new promotion Mr. Barr! 😂
Folks, this is the cost of living in America, we must sacrifice our livelihoods to provide for future generations, our children and children’s children. The smallest violin in the world is playing tune. RAT-A-TAT-TAT-POP-POP-BOOM! 😂🤣
Wake the fudge up Charlie, smell the roses! “The best part of waking up, is soldiers in your cup” Yeah! Oorah!!! Never stop dreaming Lapre! 😃
It seems to me that the demand, if any, for our government's bonds will have to come from foreign investors seeking more than negative yields. Add a strong US currency to the mix, and it might pull in some demand for the little buggers...
"...we will see what stuff Jay Powell is really made of."
I'm betting that the Fed will pivot: drop interest rates to encourage borrowing - increasing phony liquidity and inflation, crushing the middle class and rewarding Wall Street and the elite oligarchs with an orderly stock market deflation. That way they can quietly sell their billions in stocks and bonds at inflated prices, and go into Maximum Safety Mode, loading up on gold, cash, commodities (RE, water, metals, farms, etc.) and probably fossil fuels.
I’m waiting for next spring, after the winter riots in France, then my wife and I will buy a little cottage(at a great discount) in or near Bayeux, and open a little soup shop. We loved the town that much, but couldn’t find a good soup anywhere, not even French Onion! Great pastries though 😋
Yes PG, Nothing good coming down the road my brother..."Bank of America is offering zero down payment mortgages with no closing costs for first-time homebuyers in certain Black and Hispanic neighborhoods in a new program designed to chip away at inequality in the housing market."
The reason I got out of the market back in 2007, was one of my $15 an hour minority employees was given $300,000 for a home he bought in Hempstead for $250,000. Washington Mutual gave him an adjustable mortgage for fifty thousand over the home price to "spend as you like on the house". No money down and no income check!
When I bought my home fifteen years earlier, I had to put down 20% and had an insane income check.
I figured then, as I do now, that if these lenders are that crazy, it's not going to end well for them, or us.
Years later, when NC voters, voted by 70% for voter ID, one judge stopped it due to "racism"and how can anyone expect these poor citizens to come up with ID?
Don't hold your breath for America's court system to question such a corrupt policy, but hey, lets give em a house :)....
Hello Bill.
Greetings from a sunny and (again ) quiet Portugal.
Is what you are saying also valid in Europe or even more so.?
Thanks for your comment and hope one day to share a glass of wine with you.
Regards,
Pieter Boel
Bill,Why don't Jay and the Federal Reserve boys and girls stay on vacation in Jackson Hole,they are clueless,and let the system correct itself.
Until the cost of fuel is reduced by 25% there will be no inflation reduction. Once again everyone makes this much more complicated than it is at the core. Everything takes fuel, fuel is more expensive, so everything is more expensive
While true, what you wrote seems a bit of an oversimplification...
In the extreme.
Jay Powell is made out of putty, like a ghost jar head, fill it up with your liquid of choice. He will fold like a cheap pair of pants when the Chief Commander tells him to announce a reduction in interest rates, hold steadfast and true, start dropping them rates way below the Volcker target.
Nothing above 6% Jay, or else you will get “FIRED”, and the new Chair is........Michael Barr! Yeehaw! Yee Doggie! 👏👏👏👏 Wow, congrats on your new promotion Mr. Barr! 😂
Folks, this is the cost of living in America, we must sacrifice our livelihoods to provide for future generations, our children and children’s children. The smallest violin in the world is playing tune. RAT-A-TAT-TAT-POP-POP-BOOM! 😂🤣
Wake the fudge up Charlie, smell the roses! “The best part of waking up, is soldiers in your cup” Yeah! Oorah!!! Never stop dreaming Lapre! 😃
Up the creek without a paddle.
No money, no debt, not problem.
No money, no food, no gas, big problem.
Dem in wh and congress bfp!!!!!
Just sayin'
Don Harrell
https://www.thedenverchannel.com/news/contact-denver7/thousands-of-xcel-customers-locked-out-of-thermostats-during-energy-emergency
https://www.dailywire.com/news/california-asks-residents-to-avoid-charging-electric-vehicles-due-to-blackout-risk-days-after-unveiling-new-gas-car-ban
Can't make this shit up!
It seems to me that the demand, if any, for our government's bonds will have to come from foreign investors seeking more than negative yields. Add a strong US currency to the mix, and it might pull in some demand for the little buggers...
"...we will see what stuff Jay Powell is really made of."
I'm betting that the Fed will pivot: drop interest rates to encourage borrowing - increasing phony liquidity and inflation, crushing the middle class and rewarding Wall Street and the elite oligarchs with an orderly stock market deflation. That way they can quietly sell their billions in stocks and bonds at inflated prices, and go into Maximum Safety Mode, loading up on gold, cash, commodities (RE, water, metals, farms, etc.) and probably fossil fuels.
I’m waiting for next spring, after the winter riots in France, then my wife and I will buy a little cottage(at a great discount) in or near Bayeux, and open a little soup shop. We loved the town that much, but couldn’t find a good soup anywhere, not even French Onion! Great pastries though 😋
Yes PG, Nothing good coming down the road my brother..."Bank of America is offering zero down payment mortgages with no closing costs for first-time homebuyers in certain Black and Hispanic neighborhoods in a new program designed to chip away at inequality in the housing market."
Funny how these woke companies Never learn.
Sell any BOA stock soon.......
Corrupt Moynihan at it again, next quarter Buffet dumps BOA shares and sends it crashing straight to hell, would not be surprised at all.😂
I wonder how that will work out. 😂😂😂
The reason I got out of the market back in 2007, was one of my $15 an hour minority employees was given $300,000 for a home he bought in Hempstead for $250,000. Washington Mutual gave him an adjustable mortgage for fifty thousand over the home price to "spend as you like on the house". No money down and no income check!
When I bought my home fifteen years earlier, I had to put down 20% and had an insane income check.
I figured then, as I do now, that if these lenders are that crazy, it's not going to end well for them, or us.
Years later, when NC voters, voted by 70% for voter ID, one judge stopped it due to "racism"and how can anyone expect these poor citizens to come up with ID?
Don't hold your breath for America's court system to question such a corrupt policy, but hey, lets give em a house :)....
Yes my friend….Obama’s fundamental transformation of America…to our current banana republic…
It can't be constitutional, remember they closed churches also.