Borrowing money is going to cost even more!

[planosteve]

The evil Jay Powell, elevated to Chairman of the FED by 45, is said to be going to raise interest rates! That means that while inflation has been eating us alive, he's going to make it worse! Tried to buy a house lately?

Powell has been known to cave in the past; former President Donald Trump mean-tweeted Powell into reversing course on raising rates during an economic boomlet a few years back and as the 2020 election loomed, maybe the worst example of pandering by any Fed chief in recent history. By cutting rates in late 2019 for no good reason other than to shut Trump up, the Fed was left with fewer options when rates really needed to be slashed a few months later during the height of COVID.

What are the possibilities of getting a sane president and a sane FED chief at the same time? Zero! Where is Paul Volker when we need him?

https://www.msn.com/en-us/money/markets ... r-BB1irqKP?

[GFB]

Another retard thread.

[planosteve]

Another retard thread.

I'm not a big fan of Powell, but I doubt he's retarded. A little slow maybe. Just saying.

[GFB]

“It’s not what we don’t know that gets us in trouble. It’s what we know for sure that just ain’t so.”

Mark Twain

[planosteve]

“It’s not what we don’t know that gets us in trouble. It’s what we know for sure that just ain’t so.”

Mark Twain

I think he mean like Israel.

[jellowrestling]

“It’s not what we don’t know that gets us in trouble. It’s what we know for sure that just ain’t so.”

Mark Twain

I think he mean like Israel.

I think he meant YOU.

[planosteve]

Every fiat currency in history ends up totally worthless.