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I think the fed has over done things once again and is going to have to back pedal way before 3 more increases ..rate changes take time to do much and they may find they already went to far to fast .
another 75 basis point move is possible in December.
Our strategic reserve has fallen below 400 millions,and winter is coming.
Food and fuel cost would not come down this winter.
I think the fed has over done things once again and is going to have to back pedal way before 3 more increases ..rate changes take time to do much and they may find they already went to far to fast .
But again , no one can really predict rates
As a debtor nation,we have become so obsessed with Rate !
If we do not borrow so much and live within our means,what is the big deal if rate goes up or down?
In fact it is a welcome sign for savers,it is about time we get something for hard work,remember everyone poo poo 5% saving rate?
There is a long line on payday lunch hour,savers lined up at the S &L TO EARN 1/4 % MORE FOR their money?
Inflation is above 8%,we should get at least 8% for our money,not 4%
As a debtor nation,we have become so obsessed with Rate !
If we do not borrow so much and live within our means,what is the big deal if rate goes up or down?
In fact it is a welcome sign for savers,it is about time we get something for hard work,remember everyone poo poo 5% saving rate?
There is a long line on payday lunch hour,savers lined up at the S &L TO EARN 1/4 % MORE FOR their money?
Inflation is above 8%,we should get at least 8% for our money,not 4%
The big deal is rates act as a tax increase ..
It can make what we buy for cash more expensive ..most companies either borrow money or float debt to finance operations.
The more they pay the more we pay for what they make or do .
The more we pay for something the less goods and services from others we can buy.
When the fed or the irs sneezes , america and more likely the world catches the cold
And it looks like the insurance adjusters and county tax collectors foreseen this and jacked up the rates in my area substantially. I make good money, but even this is going to put a sizable dent in my pocket. I own several older homes and set them up as rentals, and personally they are probably worth no more than $240,000 at most, but yet the insurance skyrocketed to $5000 annually and the taxes rose from $700 to $900. And people living in South Florida are already complaining about the cost of rent. It's going to get much worse.
From one extreme of ZIRP, then to another of very high interest-rates????
Maybe that is what it will take to quell runaway inflation....... but the overall
dynamic seems like a much less than balanced approach to providing direction
for the US economy.
Then again, many were giddy with the sizzling-hot housing and stock-markets.
Many economists doubt that the feds actions can stop the labor market and supply chain issues which are not really going to be squelched by rates easily without a bad recession or worse a depression.
The fed will fight risks of depression before it will fight inflation going to high
Perhaps there will be a "soft landing." A "hard landing" is more likely.
In either case, it is rational to expect the growth of the economy -- and hence the expected value of investments -- to be more modest for a longer period of time.
Here's a recent book that may be of interest to some by famed economist & sovereign wealth fund manager Antti Ilmanen:
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Too funny.
