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No one here has even a clue based on what they know with their limited knowledge as to a decision like that ...all these arm chair wanna be economists here run on their own beliefs and leave out the entire other side of the equation..... the smartest people on the planet with more knowledge on this subject then any of us here are in a quandary over this
No one here has even a clue based on what they know as to a decision like that ...all these arm chair wanna be economists here run on their own beliefs and leave out the entire other side of the equation.....
Just calling it as I see it ... if those of us here could answer that question we wouldn’t be shooting from the hip as amateur economists.. we would be working for a huge financial firm making these calls
The truth is we don’t know enough to say ... we only have half informed opinions based on limited knowledge , facts and experience.
It is no different then when people ask about what the market is doing next ....
It is helpful because it's true. Same with voting: Think about how uniformed the median voter is, then realize half of all voters are less informed than she. They typical voter can name all the Kardashians, but not her kid's math teacher. She can't find Iraq on a map. She can't name her state's senators. Can't balance a checkbook. She may not even pay taxes but her vote counts just as much as the vote of a PhD in Political Science and who pays $69K in taxes.
The fact is that outside of our professions where we have our finger on the pulse , there is very little most of us have enough UNBIASED knowledge in to have a qualified answer , just a half hearted opinion which means little at best.
When you have such a wide array of knowledge in a subject and at will you can argue for or against something unbiased and equally as well ,then I will look at that person as possibly very knowledgeable on the subject .
But that is not what you see here ..you see fed bashing and Monday morning quarterbacking with little fact and a whole lot of believing ones own bull
This is a poll of armchair amateur economists. All of you unwashed heathen are welcome to vote.
I'll go first: I don't think the cut is warranted. Powell says it is needed to try to boost inflation. Personally, I think rates are decoupled from inflation and won't have much effect. The one exception is lower rates may drive high real estate asset prices even higher.
It's just kicking the can further down the road, to enable massive printing of money by shoving all that excess money into stocks and real estate prices, so John Q. won't see it. Meantime those of us who save, get porked.
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