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Old 06-07-2021, 11:11 AM
 
1,766 posts, read 1,224,796 times
Reputation: 2904

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Deutsche Bank warns of global ‘time bomb’ coming due to rising inflation
https://www.cnbc.com/2021/06/07/deut...inflation.html

Quote:
The analysis especially points the finger at the Federal Reserve and its new framework in which it will tolerate higher inflation.......
The FED is a major failure and with ZIRP and devaluation of US Dollar is destroying the entire world.
Quote:
“Never before have we seen such coordinated expansionary fiscal and monetary policy.”

 
Old 06-07-2021, 11:49 AM
 
956 posts, read 511,305 times
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Quote:
Originally Posted by C2BP View Post
Deutsche Bank warns of global ‘time bomb’ coming due to rising inflation
https://www.cnbc.com/2021/06/07/deut...inflation.html



The FED is a major failure and with ZIRP and devaluation of US Dollar is destroying the entire world.
Bingo spot on. The FED is horrible. Driving home prices through the roof and causing costs of other things to rise fast as well.

Their ability to create money at will needs to be stripped. The gold standard needs to return.

Not fair nor right for responsible savers who want to save and pay cash for big ticket items like RVs, boats, cars, let alone land or homes!!
 
Old 06-07-2021, 11:54 AM
 
106,734 posts, read 108,937,910 times
Reputation: 80218
So go stop em.

Let us know how it worked out for you

Last edited by mathjak107; 06-07-2021 at 12:03 PM..
 
Old 06-07-2021, 12:16 PM
 
3,041 posts, read 7,939,281 times
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As long as they have electricity they will print the no value money which is inflation.
I have seen sold in our working class neighbor hood what were $130,000 to $140,000 homws sell for $230,000 plus,these are tract homes 68 X 150 foot lot with a 900 sq ft 50's home.
I am retired and had to move here in 2015,paid $114,900 for this type house which had been upgraded.There is pain forth coming for these buyers.
 
Old 06-07-2021, 12:25 PM
 
5,907 posts, read 4,435,761 times
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I like to post uplifting videos, but here’s some doom for you to enjoy!

https://youtu.be/RJpLMvgUXe8
 
Old 06-07-2021, 12:37 PM
 
1,766 posts, read 1,224,796 times
Reputation: 2904
Quote:
Originally Posted by mathjak107 View Post
So go stop em.

Let us know how it worked out for you
Those who cannot remember the past are condemned to repeat it.

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Old 06-07-2021, 12:47 PM
 
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Something that I'm confused about here, and I'm going to try not to get too political:- the previous administration actively pressured the fed to keep the money printer running to maintain lower rates so that the stock market would keep going up up. Now we're seeing the inevitable result of that, turbo charged by the supply/demand issues associated with restarting the economy (lots of saved money to spend, but a LOT of goods/services are scarce now). Do the same people who had no problem with the Fed keeping rates low, now have a problem with them continuing to do that?
 
Old 06-07-2021, 12:50 PM
 
1,766 posts, read 1,224,796 times
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All the Fed had to do back in 2001 is to gradually start to raise interest rates and we would
NEVER experience the housing bubble 1, real estate and market crash in 2008, housing bubble 2.0 now and inflated markets with stolen taxpayer money from the future. Inequality in America would never be at this level, homeless population would never explode and be like today. Our national currency would be STRONG and our debt level would be minimal.

The FED is a failure of epic proportions.
 
Old 06-07-2021, 12:54 PM
 
9,434 posts, read 4,259,148 times
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I read the paper from the chief economist
https://www.dbresearch.com/PROD/RPS_...rwJidrpHWoBzvz

It is indeed a dire prediction. I wonder what the other financial institutions will forecast.
Stay tuned.
If there is a Unanimous prediction of doom and gloom from many of the independent economists, it may cause the fed to reevaluate their policies.
 
Old 06-07-2021, 01:20 PM
 
1,766 posts, read 1,224,796 times
Reputation: 2904
Remember this fool? He told you back in 2009 that he saved the world with easy money.....by taking the easy way out.
https://www.marketwatch.com/story/we...09-08-21-10100
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