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.
Look what Brandon's policies have done. This is not good at all.
This is what people voted for and now more people than ever have buyers remorse.
"Wholesale prices increased at their quickest pace on record in November in the latest sign that the inflation pressures bedeviling the economy are still present, the Labor Department reported Tuesday."
The guy who owns the taco express in our town says the prices of things like utensils, foam containers, cups, and plates in bulk has gone up 150% the last year.
I got into a discussion with him about the current economic situation as he's quite business savvy and he basically says we are damned if we do, damned if we don't as far as QE goes. If the Federal Reserve stopped buying bonds interest rates would quickly shoot up to 10% or more. High interest rates can cause high inflation when they go on for long enough. He kind of explained the reasoning behind it.
On the other hand if we keep way overspending more money than tax revenue brings in it will cause the same result. Basically we've been living on borrowed time since basically 2008 and an adjustment to wipe away excess debt is needed and is here, whether we like it or not, and no matter what we do.
It could be managed. Start draining the pond so to speak of excess liquidity. Stop stimulus payments, end rent and student loan moratoriums, gradually increase interest rates. Taper off all bond buying by the Fed. Let weak companies that are heavily indebted fail. Clean out the excesses of the system.
However, there are exactly 0 politicians with the stones to do it, so the best you can do is diversify and hedge against the inevitable shock that tips it over the edge.
Or as I like to call it, 'Magic Money Tree,' or 'Maduro-Mugabe Theory.'
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.