The Fed is about to raise interest rates and shaft American workers – again

BidenPresident said:
Policymakers fear a labor shortage is pushing up wages and prices. Wrong. Real wages are down and workers are struggling

Higher interest rates will harm millions of workers who will be involuntarily drafted into the inflation fight by losing jobs or long-overdue pay raises. There’s no “labor shortage” pushing up wages. There’s a shortage of good jobs paying adequate wages to support working families. Raising interest rates will worsen this shortage.

https://www.theguardian.com/comment...est-rates-shaft-american-workers-robert-reich
Click to expand...

Well what do you want?
Inflation to keep rising and rising?
You cannot have the Fed keep rates 'artificially' low forever.

And have you seen the Fed's balance sheet?

Fed-Balance-Sheet-from-1945-1200x492.png


https://www.youngresearch.com/resea...ruth-about-the-feds-8-trillion-balance-sheet/

That is $8 trillion with a 't'.
That also cannot go on forever.

The Fed's ZIRP (Zero Interest Rate Policy) and QE (Quantitative Easing - in all it's forms) was NEVER supposed to be anything more than temporary.
They ALWAYS said that all of it would end.
However, as I and others have said for many years, people have gotten addicted to the 'cheap money/debt'...like an addict.
And now?
You people do not want to stop your addiction.

Well...it HAD to end one day.
So you better get used to it.

It's not like you did not have PLENTY OF TIME (since 2008 when the Fed started going 'all in') to get ready for the party to end.
 
evince said:
Trust the experts for one fucking second



Quit trying to tear down and insult every entity this nation created
Click to expand...

The fed is a cabal of criminal banker families.

it is a disastrous state of affairs characterized by fascism, genocide, perpetual war... etc.
 
McRocket said:
Well what do you want?
Inflation to keep rising and rising?
You cannot have the Fed keep rates 'artificially' low forever.

And have you seen the Fed's balance sheet?

Fed-Balance-Sheet-from-1945-1200x492.png


https://www.youngresearch.com/resea...ruth-about-the-feds-8-trillion-balance-sheet/

That is $8 trillion with a 't'.
That also cannot go on forever.

The Fed's ZIRP (Zero Interest Rate Policy) and QE (Quantitative Easing - in all it's forms) was NEVER supposed to be anything more than temporary.
It is just that - like many (including me) knew would happen?
People would get addicted to the 'cheap money/debt'...like an addict.
And now?
You people do not want to stop your addiction.

Well...it HAD to end one day.
So you better get used to it.
It's not like you did not have PLENTY OF TIME (since 2008 when the Fed started going 'all in') to get ready for the party to end.
Click to expand...

theyre driving civilization off a cliff.

They plan to shrug like atlas and retreat to their hidey holes for a thousand years.
 
BidenPresident said:
Policymakers fear a labor shortage is pushing up wages and prices. Wrong. Real wages are down and workers are struggling

Higher interest rates will harm millions of workers who will be involuntarily drafted into the inflation fight by losing jobs or long-overdue pay raises. There’s no “labor shortage” pushing up wages. There’s a shortage of good jobs paying adequate wages to support working families. Raising interest rates will worsen this shortage.

https://www.theguardian.com/comment...est-rates-shaft-american-workers-robert-reich
Click to expand...

with Wickard v. Filburn, this is the result you leftists get by wanting the federal government to regulate the entire economy to make you feel like you're becoming wealthy. welcome to the jungle, you reap what you sow.
 
McRocket said:
Well what do you want?
Inflation to keep rising and rising?
You cannot have the Fed keep rates 'artificially' low forever.

And have you seen the Fed's balance sheet?

Fed-Balance-Sheet-from-1945-1200x492.png


https://www.youngresearch.com/resea...ruth-about-the-feds-8-trillion-balance-sheet/

That is $8 trillion with a 't'.
That also cannot go on forever.

The Fed's ZIRP (Zero Interest Rate Policy) and QE (Quantitative Easing - in all it's forms) was NEVER supposed to be anything more than temporary.
They ALWAYS said that all of it would end.
However, as I and others have said for many years, people have gotten addicted to the 'cheap money/debt'...like an addict.
And now?
You people do not want to stop your addiction.

Well...it HAD to end one day.
So you better get used to it.

It's not like you did not have PLENTY OF TIME (since 2008 when the Fed started going 'all in') to get ready for the party to end.
Click to expand...

.........Turn out the lights......The D PARTY is over...... They say that all.......bad things must end....Now GET TO WORK....and save your money..... Then tomorrow do the same ole thing again.....no more free shit.....no more free money.....best get to work.....or find your hole to die....

An old tune from way back. Many on the left need to learn it,...AND QUICK. ;) :laugh:
 
cawacko said:
The Fed is (in theory) independent of the White House. The President shouldn’t be pressuring the Fed about what to do with rates.
Click to expand...

yet, who appoints the Fed Head ?

while The Fed is under no obligation to comply with the wished of the White House, they are (in the modern era at least) more or less on the same page.
 
Celticguy said:
yet, who appoints the Fed Head ?

while The Fed is under no obligation to comply with the wished of the White House, they are (in the modern era at least) more or less on the same page.
Click to expand...

The Fed's directors are appointed by the President. A bit like the Supreme Court.
 
Celticguy said:
yet, who appoints the Fed Head ?

while The Fed is under no obligation to comply with the wished of the White House, they are (in the modern era at least) more or less on the same page.
Click to expand...

Yes the President appoints the Fed chairman but (in theory) the Fed chairman is supposed to have a big picture in mind and not just move interests rates because a President has an election coming up and the President only cares about that, not the long term repercussions.

It’s not a good look for the Fed if it is seen as simply doing the bidding of the President.
 
cawacko said:
Yes the President appoints the Fed chairman but (in theory) the Fed chairman is supposed to have a big picture in mind and not just move interests rates because a President has an election coming up and the President only cares about that, not the long term repercussions.

It’s not a good look for the Fed if it is seen as simply doing the bidding of the President.
Click to expand...

The idea is for there to be a general agreement on the nature of the Big Picture. The details as to how to bring that picture into focus are somewhat cut and dried.

Powell SAYS he's is all about managing inflation but he keeps extending the pumping which makes it worse but does benefit Wall Street. Actions and words are not reflecting the big picture and Wall Street knows it but they are the beneficiaries so they're not talking about that. Yet...
 
cawacko said:
the Fed chairman is supposed to have a big picture in mind and not just move interests rates because a President has an election coming up and the President only cares about that

It’s not a good look for the Fed if it is seen as simply doing the bidding of the President.
Click to expand...

since when has a Fed chair taken orders from a president?

example?......go
 
Celticguy said:
The idea is for there to be a general agreement on the nature of the Big Picture. The details as to how to bring that picture into focus are somewhat cut and dried.

Powell SAYS he's is all about managing inflation but he keeps extending the pumping which makes it worse but does benefit Wall Street. Actions and words are not reflecting the big picture and Wall Street knows it but they are the beneficiaries so they're not talking about that. Yet...
Click to expand...

When the President appoints (or re-appoints) someone then yes, there’s probably going to be some general level of agreement (a hawkish President likely isn’t going to appoint a dove) but that’s similar to a Supreme Court appointment. Once on the SC a justice isn’t going to be consulting with the President about rulings. It’s the same here, the President and Fed Chairman aren’t having meetings to discuss where they think rates should go, whether the Fed should grow or shrink its balance sheet etc.
 
Joe Capitalist said:
Another Chicken Little Scare Tactic from the Radical Far Right:

tenor.gif
tenor.gif
Click to expand...

While predicting a depression may be extreme there's nothing radical right about what he said. Many economists have been saying this for years, that QE was necessary at the height of the Great Recession but the subsequent rounds weren't. They have led to increased inequality and arguably even more dangerous asset bubbles. We all know the 'temper tantrums' the market showed when the Fed threatened to pull back on QE. One doesn't need an Ivy League degree to recognize that isn't sustainable.

You're an informed dude so I know you read market pieces and what economists have said that raising rates to fight inflation could potentially push the economy into recession. It's not a guarantee of course but it's not a radical or chicken little position either.
 
cawacko said:
When the President appoints (or re-appoints) someone then yes, there’s probably going to be some general level of agreement (a hawkish President likely isn’t going to appoint a dove) but that’s similar to a Supreme Court appointment. Once on the SC a justice isn’t going to be consulting with the President about rulings. It’s the same here, the President and Fed Chairman aren’t having meetings to discuss where they think rates should go, whether the Fed should grow or shrink its balance sheet etc.
Click to expand...


in theory, no argument. in practice not so much. as I said earlier they wont discuss tactics but rather goals.

Powell SAID in the recent Fed Mtg that his main goal is to manage inflation. Thats the right message for John Q Public.
What Powell DID was to put off stopping pumping and a rate hike which favors Joe Biden's friends on Wall Street for a little while longer.

Powell will likely retain decisions as to the degree of rate hikes making those decisions with his fellow Fed bosses.

This is the nature of the relationship. NOt just Biden of course, they all do this. Usually play a ;ttle game of it as well.
 
Celticguy said:
in theory, no argument. in practice not so much. as I said earlier they wont discuss tactics but rather goals.

Powell SAID in the recent Fed Mtg that his main goal is to manage inflation. Thats the right message for John Q Public.
What Powell DID was to put off stopping pumping and a rate hike which favors Joe Biden's friends on Wall Street for a little while longer.

Powell will likely retain decisions as to the degree of rate hikes making those decisions with his fellow Fed bosses.

This is the nature of the relationship. NOt just Biden of course, they all do this. Usually play a ;ttle game of it as well.
Click to expand...

At one point it was reported Trump damn near threatened to fire Powell. It was asinine. If you want to see investors truly lose confidence have them think the Fed is doing the President's bidding. Generally speaking, Wall St loves easy money and it's not about Biden, Trump, Obama, Bush etc. They want the Fed to leave the easy money punch bowl in place. This isn't a partisan thing, it's a money thing. But what's good for the stock market isn't always good for Main St and the rest of us. That's the problem with the Fed catering to Wall St and investors.
 
You must log in or register to reply here.
Back
Top