Fed Meeting today 6/15/2022

WheresWaldorf

Team MVP
Apr 29, 2022
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Well, I am not a righty, so there's that. Link to Economist saying there would have been zero rate hikes at this particular point in time had the BBB passed.
I don’t have time right now. You sure act like a MAGA, there’s that. Maybe don’t exhibit the behavior of one and I won’t call you one. Deal?
 

onlyTheObvious

HR Heisman
Jan 3, 2021
6,482
7,549
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Banks will be saying

“yes, your house payment will be $900 more a month than it would have been had you purchased a few months ago but it’s fine. Get an ARM, I wouldn’t doubt if Biden forgives some of it”.
 

WheresWaldorf

Team MVP
Apr 29, 2022
222
184
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Why don't you go ahead and tell me how I exhibited behavior of a maga. We will start there.
I just get that feeling that you’re anti Biden even when explain BBB to you. It’s not hard to understand why it was targeted spending that would actually help inflation. You act like a MAGA just not liking it because of Biden. Hondo/NC vibes.
 

seminole97

HR Legend
Jun 14, 2005
17,645
17,924
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Where's Paul Volcker when we need him?
37787b6d-20f8-4e93-83fe-d813808c56e9_text.gif
 

Rifler

HR Legend
Jan 26, 2011
24,548
19,365
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BBB was designed to fight inflation while providing for the folks that need it.

And the Titanic was designed to be unsinkable,... Please learn something about inflation before playing salesman for Joe's Build Back Better fiasco that we were recently saved from.
 
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srams21

HR Legend
Gold Member
May 23, 2004
23,647
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If they want the FFR to be 4% just make it 4%. Rip the bandaid off. The sooner they get to where they want to be (a crash) the sooner we can lower rates again and start the recovery.
They are trying to raise rates without inciting a recession. Hence why they aren't doing it all at once. Whether that is possible is up for debate but that is why they aren't "ripping the bandaid off".
 
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Randy Marsh

HR MVP
Oct 11, 2007
1,396
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Colorado
They are trying to raise rates without inciting a recession. Hence why they aren't doing it all at once. Whether that is possible is up for debate but that is why they aren't "ripping the bandaid off".
Once the recession is confirmed, they still won’t hike it to where it needs to be. They are aiming for a soft landing which doesn’t really seem possible as the gap isn’t narrowing much at all.
 

seminole97

HR Legend
Jun 14, 2005
17,645
17,924
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The government has never known how to make a soft landing and, clearly, still doesn't.
They try to blow new bubbles to soften the landing.
It’s the only trick they have.
Bernanke laid out the playbook in 2002.
They’ve dutifully followed it.
Only question now is how quick QT ends and QE-to-infinity resumes.
 

notlongago

HR All-American
Jul 28, 2012
4,607
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I don’t have time right now. You sure act like a MAGA, there’s that. Maybe don’t exhibit the behavior of one and I won’t call you one. Deal?
You have time to reply and try to justify a false assumption you made, but not time to prove you aren't talking out of your ass?
 
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AreWeCross

All-Conference
May 2, 2022
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The only thing that has saved us up until now are the Covid stimulus bills, and it was a disaster not passing Build Back Better and its investments and its expansion of the Child tax credits (along with the corporate and upper-income tax increases).

People have been saying it's a horrible economy but that's bullshit, it's the best jobs economy in over 50 years or ever. Now we will probably have stagflation, after Fed rate hikes and Repubs taking the Congress and doing everything they can to restrict spending.

The inflation has always been about Covid, supply chains, and energy prices.
It has been 100% about the response to Covid.
 

AreWeCross

All-Conference
May 2, 2022
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Couldn’t agree more. BBB was designed to fight inflation while providing for the folks that need it. If it passed, I doubt we would have as many fed rate hikes as we have had.
Help me understand why you believe BBB would fight inflation. Inflation has been caused by an unprecedented increase in the money supply. BBB would have led to further increases in the money supply. Inflation hurts those in need the most. We would have needed higher, faster and longer rate increases to fight inflation.
 
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Hawgk

HR MVP
Gold Member
Aug 8, 2013
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It has been 100% about the response to Covid.
Absolutely, shut downs were understandable in the infancy of the pandemic, when we thought the death rate could be 5-10%. Trump gave out way too much money and has a hand in what we’re facing today.

Then the Dems come in after we have developed a vaccine and knowing the death rate was much lower than initially feared. They insist inflation is nil and demand more stimulus and extended shutdowns to “save lives”. “Save lives” my ass. It was maybe 20% “saving lives” and 80% establishing control. There was no way they could let Trump claim that he did more to help people than they did, so they “one-upped” him by dragging the Covid BS out as long as they could.

Trump was a total shit-stain, but the Biden administration has a brown spot growing in the back of their britches that could be the size of a manure pit by the time we see the other side of what we’re facing.