Fed Rate Cut Incoming: Sleepy Jo Trying To Save Economy For Kamala!!
I think its so funny that we are about to get a rate cute RIGHT before election season? I have watched this job market and it has been terrible for over a year and now we are going to stimulate? Once again, libs doing gymnastics to pump the economy. Release oil from reserves, cut interest rates & randomly changing income brackets. Looking forward to the debate where this will all be swept under the rug.
Comments
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I actually think you aren't Buck based on your description of the job market (which I agree with and is obvious if you put the pom poms down).
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Rate cuts won’t change the price of everyday items fast enough for people to get over how expensive shit has become during Biden/Harris.
It’s going to inflate housing even more since the demand will bring back buyers but inventory is out of whack.
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Mortgage rates have basically already ticked down in advance of the rate cut. They don't track 1:1. My sources tell me that (non-FHA) mortgage rates are unlikely to drop much lower than 5.75 by the end of next year, even as the Fed drops interest rates lower than that.
ATBS, yes, the lower mortgage rates go the more housing prices will rebound upwards due to a massive supply shortage and people still clinging to their 3% mortgages. It'll take another 5 years for the 3%'ers to let go as they're forced to due to job relocation, family changes, divorce, death, etc.
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Hey @PurpleThrobber …just want to confirm your analysis. The value of holding the dollar doesn't impact the value of spending it? Or are you saying it does impact but will not do it quickly?
I am just trying to see who is a blind lib or someone who is doing the analysis!
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I told you , outside our shared observation that haie is a tool, Swoop is a son of a bitch in his other viewpoints!!!
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Throbber this is why you don’t have the funds to donate. The Fed cutting rates will increase money supply. Why the fuck do you think a rate cut would drive prices down???
Guys I really don’t want to call you names or attack, but you write this shit and you give me no choice but to get angry at your posts. -
Inflation is as much if not more psychological than it is mathematical.
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Bob Bob Bob…that statement was almost as bad as Throbber. Supply and Demand Bob….Supply and Demand.
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Holding the dollar in savings right now is FS. Inflation will chew it up.
Unless you’re gearing up for a Kamala cheat win in which case all hell will break loose and assets will be firesaled at deep discount for those with cash on hand.
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I don’t give a fuck if you’re angry
fuck off.
