Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
For the markets going down the drain, people being laid off now losing their jobs, and slowly but surely people are also going to start losing their homes as the housing bubble pops.
Time and again they have created these asset bubbles by financial engineering and there is zero accountability - they are free to do any sort of manipulation that causes a huge amount of pain to ordinary citizens. When is this going to stop?
People now are going to lose jobs, people will not be able to retire and there is going to be carnage all over... and these people in suits will simply shrug their shoulders and give some BS spiel about how they are trying to "save" us, please!
So the question is this - what sort of accountability should the Fed have to prevent these types of bubbles in the future? This looks like this is going to be the 3rd major bear collapse in 20 years, historically there is supposed to be one every 15-20 years or so.... but the appetite for financial engineering and manipulation is causing these to occur more frequently.
Joe did this. He cut the oil for the green new deal. How do you think things move by horse? This is the government at it's best. If you have no job you have no money for a $60000 electric car.
So the fact the world bids oil prices up and down daily on oil from the North Sea tens of thousands of miles outside the control of the US is on us ?
Does that even sound logical to you
The fact that we refuse to let oil companies drill inside of our own country and make it easier for our next door neighbor's oil to get to the world markets IS on us.
The fact that we refuse to let oil companies drill inside of our own country and make it easier for our next door neighbor's oil to get to the world markets IS on us.
Sure it is but the world sets prices …
The fed raising rates here means nothing in the daily pricing of oil which is international
The fact that we refuse to let oil companies drill inside of our own country and make it easier for our next door neighbor's oil to get to the world markets IS on us.
There has not been any refusal to allow drilling in the US, especially on private land. Oil companies are just not jumping in to drill wells that would be uneconomic if the Saudis crank up production again. Shareholders won't stand for anther beating like oil companies had a few years ago. There are also supply chain issues that make increasing drilling quickly difficult, and a shortage of oilfield workers, as a number of them have moved on to industries that don't have severe boom/bust cycles.
Raising rates don’t make a housing crisis, we aren’t in one, unemployment is dropping. So again are you making things up? Certainly at best you are crystal balling this
Dude are you serious?? We have been in a housing crisis since 2014 or maybe even since 2013 even. Inventory shortages and prices going up at outrageous rates making it super expensive because of lack of homes available.
2008 was so much better times for housing market than today!! That is a fact!! People need to stop with this obsession's that fast rising prices is so good for housing market. Best thing is stable prices and 2008 was good because prices needed to stop from super inflated levels!! And prices were NOT undervalued from late 2008 through early 2012. They were fair market value. That is a fact!!!
Last edited by Wolverine607; 05-12-2022 at 08:46 AM..
Unemployment is low and getting lower, are you making up a houses crisis?
The asset bubble is popping. The stock market is a leading indicator often 6 months out. Plus we had negative GDP numbers in the first quarter. The yield curve has inverted. Last 2 times 2006 and 2019. Consumer confidence has been dropping for months.
Lots of things point to trouble ahead. Interest rates likely rising all year are going to push us towards recession. The fed thinks they can thread the needle and avoid that. But its the same fed that got us into this mess. Same fed that thought they could pump all that money into the economy and not cause inflation. Their track record is pretty horrible.
Whatever the Fed does is far better than the boom/bust cycles the country had before the Fed learned how to work the money supply.
We had a bust in 2008 and another in 2020. And perhaps another not far down the road. And they helped create asset bubbles prior to 2008 and now. And the guy at the helm of the fed has no idea what he is doing. Inflation was in issue more than a year ago and it took them until last month to begin to deal with it.
Mar 4, 2021 2:40 PM EDT WASHINGTON (AP) — Federal Reserve Chair Jerome Powell suggested Thursday that inflation will pick up in the coming months but that it would likely prove temporary and not enough for the Fed to alter its record-low interest rate policies.
Tue, Jun 22 2021 5:03 PM EDT Among them, Powell cited airline tickets, hotel prices and lumber along with generally surging consumer demand pumping up an economy that a year ago faced substantial government-imposed restrictions in the early days of Covid-19. Those factors, he said, should “resolve themselves” in the coming months.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
