Cad
scientia potentia est
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Any new borrowing during the quarter in which you didn't lower rates....
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Investing General Discussion
- Thread starter Furious
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Sanrith Descartes
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tugofpeace
Pronouns: zie/zhem/zer
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I gotta quote that indian guru here.. "but the people are retarded".
Yes, to your point there would also be savings on other kinds of debt, but what does the average consoomer and government official do when they see that they're saving some money? Diligently continue to save, and use that opportunity to pay down their debt and improve their position?
Nah, rates are low brah! Let's take on some more debt and make the same stupid financial decisions that got us here in the first place.
I'm not a fan of how Powell handled things in the past, but now I see the fed as an entity that is protecting the retarded people from their own retardation at this point.
If I were Powell, I'd hike rates today. Hiking rates = elimination of bullshit programs, more caution when proposing new spending, and overall reduction of fluff in both public and private sectors. Too many jobs out there that add no value which are contributing to inflation, this would gut a lot of DEI and middle management and bring our country somewhat back to normalcy, while reducing costs for the consumer. IMO
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Kirun
Buzzfeed Editor
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All of this and there's very little evidence that cutting rates "stimulates the economy" anyways. Japan's "Lost Decade" being one of the biggest glaring examples.
Quevy
Silver Baronet of the Realm
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When the government pays higher interest rates on borrowing, that also causes inflation as it creates money to pay it.
Quevy
Silver Baronet of the Realm
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They could also refinance existing high interest debt. Pretty sure the government can buy them back in the open market.
Sanrith Descartes
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I have a LO set for 36. Looks like I'm not getting that fill.
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Sanrith Descartes
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General Antony
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Falstaff
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General Antony
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Kithani
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Rangoth
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lol, here we go again with a completely fear based drop due to the imaginary tariff date. I'll wait this one out and pick up a bunch of calls in a few days(maybe 1-2 weeks) when the panic stops.
Last time it was about 1 month of free-fall until it basically went back to the old levels in no time.
Last time it was about 1 month of free-fall until it basically went back to the old levels in no time.
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Most likely a combo of that and the abysmal July jobs report and June/May revisions. Not sure anyone takes his tariffs seriously at this point, as they could be walked back after his afternoon nap.
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Jysin
Bronze Baronet of the Realm
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Yea, today’s drop is a reaction on the jobs data and a lesser extent the tariffs. A current miss with a massive -250k revision to prior is significant.
If you want confirmation on this price action, just look at the collapse in yields and US dollar after that data hit.
If you want confirmation on this price action, just look at the collapse in yields and US dollar after that data hit.
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Haus
I am Big Balls!
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Yeah, it was one of those revisions that is so extreme it even has some pretty conservative true believers asking if the BLS has an honest grip to really measure the numbers.....
And yeah DXY took a punch in the taco today relative the last week and a half of good upward movement.
And yeah DXY took a punch in the taco today relative the last week and a half of good upward movement.
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