Fed Rate Announcement on Wednesday
- Thread starter cawacko
- Start date
Cawacko who TF here do you think is going to discuss this with you in any normal manner? I was just reading posts and I can't believe what I'm seeing. I love how you never give up though! You should share your opinion, I'd be interested in it. I'll read it. I might not answer, but I'll read it.
cawacko
Well-known member
LOL!!!! Sad to say but you are not wrong in any way. I don't know how else to say it but the board has to gone to sh*t. Now granted it's easy to glorify the past but even when people like Superfreak and Dungheap would go at it there was still a level of intelligence involved and good discussion. Now the trolling etc. dominates everything. It is what it is I guess. Hope you are well!!!
I have also heard .5%, which would be due to political pressure. As a reminder inflation is on purpose because the state has more debt that they can pay off, so there must be a default via inflation. The last thing power wants is less inflation. THey dont give a fuck about us.
floridafan
Verified User
After trumps 7 trillion fiasco, there is surely more debt.
Boring.
cawacko
Well-known member
What political pressure? From whom? (there are individual politicians saying rates shouldn't be raised, Elizabeth Warren being one, but they themselves aren't going to force Powell to change his stance)
Edit: Of course there is pressure every time they act as different people have different motivations as to how they want the Fed to perform (raise rates more, raise rates less, don't raise rates etc.) but I'm curious how you are defining political pressure here)
floridafan
Verified User
With interest payments, trumps debt will be far in excess of 7 trillion
From the Revolution, which has many times proven willing to go after SCOTUS so of course they will go after the Fed if they dont get what they want.
cawacko
Well-known member
Who is this abstract revolution that is pressuring Powell to only go up 50bps? I don't know if I've read a single Fed observer who thinks they will only raise 50 bps.
(Leaving aside the absurdity, those the farthest out there don't want the Fed to raise rates at all - I've heard no one say they should go up 50 bps.)
cancel2 2022
Canceled
It would appear that Volcker economics is back in town, I really can't see how a recession can be avoided now.
The goal now has to be avoiding a global depression.
Ending Ukraine and the sanctions would be step one.
Mott the Hoople
Sweet Jane
ROTFLMAO!!!! You have to love that about Cawacko. He sure is the life of the party.
I can only observe that if that’s what Cawacko talked to the girls in college about then his tuition was completely wasted. LOL
cawacko
Well-known member
I think Powell would much rather be remembered as a Volker type than an Auther Burns so that’s why he is staying aggressive.
Mott the Hoople
Sweet Jane
Yes I think I need to take the garbage out or the Misses is going to be pissed.
cawacko
Well-known member
Hahahahahahaha. Guys in the fraternity were like “how do you have so much game?” I’d always tell them “chicks dig a guy at a party who talks about the Federal Funds rate!”
Mott the Hoople
Sweet Jane
Hahahahahahaha. Guys in the fraternity were like “how do you have so much game?” I’d always tell them “chicks dig a guy at a party who talks about the Federal Funds rate!”
I didn’t need to have game in College. I made a lot of friends tutoring Nursing Majors in Chemistry. I adored Nursing majors. They were not only ok with a quid pro quo arrangement they even knew what that meant!
In fact most of the time they suggested it.
cawacko
Well-known member
“Hi, I’m Mott and I’ve got this lingering pain…”
LOL I've seen him shirtless - he did FINE in college trust me.