G
Guest-5ty5s4
Guest
Thank you, that's some serious perspective and experience!!!They announced that they are cutting back on the easing actions -- they are still systematically pumping money into the financial system. I read that they had increased the money supply by around 30% during the last year. And then they wonder why we have inflation!!!! The Feds are going to have to raise the rates because this inflation is not going away any time soon -- and they are starting at almost a 0% prime to the member banks. They were talking about a quarter of a point quarterly over the next year -- which is a drop in the bucket compared to what is needed to put the brakes on this situation. They are between a rock and a hard spot. These interest rate increases will increase the debt service on the national debt -- causing a lot of other problems. In my mind, the people who are in charge just don't get it! The inflation rate is similar to 1979, but we're not even close to putting on the brakes as they did then.
Some history -- in 1979, the mortgage rates for home loans were 9.5%. We took our normal Christmas season break. When we came back in January 1980, the rates jumped to 21% and 22% or more. EVERYTHING stopped cold.
The part about everything stopping cold - I wonder how badly they are willing to push it before that happens? Surely there is TREMENDOUS political pressure to "keep the graph looking pretty." You know, "market goes up" sort of thing.
The last thing they want is to stop everything cold and have the public snap out of it and say "Wait a second! The conspiracy theorists were right!"
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today