The US Economy Just Got Worse: Interest Rates Frozen, Massive Debt, & Layoffs
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SOURCES:
https://fred.stlouisfed.org/series/CCLACBW027SBOG
https://institutional.vanguard.com/insights-and-research/perspective/we-likely-wont-see-fed-rate-cuts-until-2024.html
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21 Comments
I told my wallet about the inflation rate, and now it's suffering from 'deflated self-esteem'
thank you andrei, you really seem to spit wisdom out of your mouth, no cap!
Well said, Andrei! I would also like to add that these speculators that think interest rates are on their way down may be wrong for two reasons: the increased supply of government bonds and expectations of higher inflation in the future. Buying T Bills is a lot safer and the yield is 5.4% rn. Go short, people!
Apparently they are making the bed for a big recession, keep on following interest rate hikes and pauses, you'll see where this goes if they knew what they doing but they don't. Then don't be surprised, they are forgetting that we are in a big mess with wars after wars and we have only recently emerged from one, Covid19.
Rent went up 10% this year, they need to change the reit tax code… it's pure greed with no benefits for the society!!!
To short the broader market or buy 2/3 yr treasuries. That is the question.
Looks a stress and strain chart.
Bidenomics works 2021-2023. Still working by 2024?
Your impressions are spot on.
That Dave Ramsey skit 😂😂
To save the economy as a consumer it is best to buy high interest bonds and spending less on expensive goods and services.
I come here for knowledge and magic tricks. What’s the point of you learning all this tricks if you don’t show it. I only want to give half a like for this.
They just rig oil prices lower to make it sustainable. Bottom line. It’s all about energy
Thank you 81 million people.
Buy Bitcoin
Hey, at least drunken sailors have fun while spending that money. We're just getting F'ed!
The actions the government took during the plandemic was highly illegal. You can't lock citizens inside of their homes, take away their right to peacefully assembly, and take away their free speech…This is a government created problem. The inflation we have now is directly related to the stimulus checks and unemployment benefits they gave every body in order to keep them from rebelling.
What are you talking about? Wall Street just shot way up on friday!
62% Americans live paycheck to paycheck. Do you know if they are paying off their credit cards every month or if they're only paying some of it? We went out to dinner last night and it was packed solid with people waiting to get in. The parking lot was full of pretty new cars. I couldn't help but wondering how many people could really afford being there. A lot of them were overweight which I took for a sign that their grocery bill must be quite high on a regular basis. It's difficult to believe that all of the 62% are managing their money responsibly. I'm inclined to believe that perhaps a good majority of them are constantly making bad discissions.
This is what Peruvianbull called the dollar end game: an inflationary death spiral that is the end state of all fiat currency.
I don't know how anyone looks at this and thinks it's all going to be fine.
Sit tight. 12% mortgage rate is coming