I just wish that the West Coast could enjoy lower gas prices instead of higher gas taxes
haha, I learned early on that my mom played softball and back talking wasn't safe at any distance... I also learned how to duck!
There is some evidence of deflation out there. So if we were going off of what the Fed would normally do the answer is yes.
I would say the answer isn’t a firm yes though. Without getting federal spend under control, I think we’d see a situation kind of like during Obama’s time where there would be a huge spread between Fed rates and bond rates. So banks would just borrow and buy bonds with the juicy spreads and not lend it out to the masses. So lowering fed rates would not lower mortgage rates or auto loan rates or any other consumer debt since that is priced against bonds, usually the 10 year.
There’s a free Econ/finance lesson for Buck.
There will be blood and Americans will support it this time
He is right in the sense that a retreat and surrender in LA will lead to ultimate defeat for the entire country
If I back talked my mom the hand was popping me in the mouth. No back talk.
And look at how I turned out!
The economic argument for illegal immigration that is in the Econ text books is true, the one where illegals are employed and not suing services. It’s not the version that we have seen since 2021. The Biden version is inflation and crime inducing and takes up a ton of resources.