I wasnt talking about the stimulus checks. Cant you read or are you just stupid ? Follow along now....C,mon....wake the F up!
0.25 interest rate hike
- Thread starter evince
- Start date
I wasnt talking about the stimulus checks. Cant you read or are you just stupid ? Follow along now....C,mon....wake the F up!
Yes.
The solution is to not raise interest rates and let the job market play out without intervention.
It's no surprise that The Fed is raising interest rates right as wages are seeing some real growth amidst a very tight labor market.
evince
Truthmatters
you look like an idiot here.
PPP is for employers who pay wages to employees that agreed during an economic downturn to not lay off workers. They took on risk beyond what the PPP loans provided
Low unemployment is linked to high wages, which in turn is linked to high inflation. You are oversimplifying more than a bit, but the Fed is in essence trying to cool down the economy, in particular employment.
This is not as bad as it normally would be. There are twice as many vacant positions as there are unemployed. In theory, the vacant positions will vanish first, and we can get lower inflation with fewer actual job losses.
The basic solution has been known for decades. It is the exact solution that is unknown. We know the Fed has to cool the economy by raising interest rates, but how much is unknown.
The market tends to multiply inflation, and deflation problems. High inflation leads to higher inflation, while deflation leads to more deflation. This is the reason we have a Fed to make apolitical adjustments to get inflation at the right point.
Why reply to me? - this is the claim LV made, it is not my claim - and I want him to explain it.
The stimulus checks were the major form of free money handed out to people. You just needed to make less than a certain amount of money.
The people are employ from time to time (or more exactly, the corporations I control employ) are entirely contract, so I would not get PPP loans. If I am wrong about that, and could have gotten loans, I missed out anyway.
Again, the money came from the Federal Budget, which is paid for by taxes and borrowing. It is not paid for with printing money, at least not in our system. Why don't you know this?
I think we will see a few more small raises, but nothing like the huge raises we were afraid of. As always the alt right is in a panic over a small thing.
You needed to prove there were employees... Who cost money... So most of what Stone says is nonsense.
So your solution is to not allow rates to go up. They can only go down (which is them intervening BTW) . and when they reach zero - you are ok with negative rates as seen in Europe too?
The right WANTS the economy to fail. At least those on this site seem to want that. I suspect because they have very little to lose.
Freedoms just another word......
Geeko Sportivo
Verified User
Choice is always best. We are in uncertain times. Not as if we haven't been there in the past, but right now, some states are acting on their own to pass minimum wage increases in their states, because Congress has failed to do so, at the Federal level. So the FRB has been using this paradigm of higher wages is causing inflation, for their reason why they are continuing to raise the FRB Federal Fund overnight lending rate to compensate for it.
It's one of those excuses the FRB uses, that "We have to make the economy worse, in order to make it better" mentality. One I do not necessarily agree with, but that is another story and whole new argument.
The Real Estate market has slowed as a result of the uptick in FRB rate hikes. Or, at least that is what the Real Estate and Mortgage companies are telling us.
Homeowners are sitting pretty right now, as their equity has doubled, tripled, and even quadrupled in some cases, just the last 5 years. SO they can easily wait out the need to move for better and more stable economic times.
But for those that need a home right now, particularly 1st time home buyers, ARM's is one way to go ahead and purchase now, and be able to roll with the tides.
Like I said, that is why they are available as a choice, and now is a good time to take advantage of them for some home buyers- I DIDN'T SAY EVERYBODY!
The FRB only said yesterday that this increase is more-than-likely not the last increase in our near future.
Last edited:
You also have to agree that you will not reduce your staff for a period of time. It is quite a risk for employers
evince
Truthmatters
I understand your thinking
But that is not the reasoning
The economy is unbalanced and part of this imbalance includes the labor condition
But a crash (which the wealthy love a boom and bust economy) would destroy the little folks
The wealthy just reposition their assets and make bank anyway
We need better worker protection written into the laws
The right deregulates and erases any progress we make in that area the minute they get in
But what if you were so backed up with years of work ahead that there was no chance of trimming down? If anything they wanted to hire MORE....
evince
Truthmatters
https://www.history.com/.amp/news/us-economic-recessions-timeline
Here in a quick and simple breakdown of the causes of and cures for the modern US recessions and attempts to fight inflation
Pretty instructive actually
Here in a quick and simple breakdown of the causes of and cures for the modern US recessions and attempts to fight inflation
Pretty instructive actually
evince
Truthmatters
They hate anything done under a Dem
They love anything the Rs do and defend it
They are idiots who don’t know what they are talking about
They are brain slaves to the wealthy who love a boom and bust economy
They make money when it goes up and money when it goes down
They have the resources to just shift their money to the things that benefit from the conditions
Are you aware that there were industries almost totally unaffected by the pandemic? That there were industries who not only wouldnt lay anyone off, but were BEGGING to hire more? They took on ZERO risk.
evince
Truthmatters
Please read the history that I provided
They use that financial tool because it works to control inflation
It’s works is why they do it