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Fed Rate Cut Incoming: Sleepy Jo Trying To Save Economy For Kamala!!
SwoopTheMoon
Member Posts: 90
in Tug Tavern
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
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).
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.
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.
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!
I told you , outside our shared observation that haie is a tool, Swoop is a son of a bitch in his other viewpoints!!!
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.
Bob Bob Bob…that statement was almost as bad as Throbber. Supply and Demand Bob….Supply and Demand.
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.
I don’t give a fuck if you’re angry
fuck off.
What you don't get is that prices get set for a projected supply and demand, not actual supply and demand in arrears.
Like??
@Bob_C is falling for this clown’s act?
Like if I consume a dozen eggs each week and eggs cost $5 today, but I think (based on whatever) they will cost $6 next week, I'll buy 2 weeks worth today and save 9%. If enough people think it will be $6 then the actual demand goes up and it's actually $7 next week instead of $6. The psychological feeling that could be based on nothing leads to the reality.
Jobs market is already baked in, rate cut won't save it. It will only save wall street for a minute (for the election).
Some of us have seen this dance before.
Based on what evidence do you make this statement Bob?
There goes Doog Bot. Do you guys understand that raising interest rates is intended to bring the unemployment rate up? You’re tightening the monetary supply. You dont get to have it both ways. Trumps only policy is to pressure the FED to lower rates again. That’s why he wants to be in charge of it. He’ll cause inflation to happen again.
Huh? It's basic consumer behavior and micro economics.
Fuck buying eggs. Get chickens.
What do you mean again?