President Joe Biden took no question after his short comments today... He's NOT a happy camper..... Right now? He's sitting on his hands waiting to see what is going to happen with the American banking system.... Two banks went under in the last few days.... Biden … [Read more...] about Walkig thru the minefield of US banking this week…
The Fed/Federal Reserve Bank
Will the Fed Stop raising interest rates?
No more interest rate hikes? (For Now at least) All the 'market' people are REALLY talking about right now is interest rates #1 The Banks #2 They want ole' Jerome & Co. over at the Fed to STOP raisng the interest rates...... The market people (and consumers) … [Read more...] about Will the Fed Stop raising interest rates?
Nobody REALLY knows if the Feds will have to bail out* banks….
The media reports have some saying the Federal Reserve WILL NOT supply the money tho bail out the Silicon Valley banks failure.... Don't take that as gospel.... The answer will become more clearer this coming week.... The SVB has all it's accounts at $250,000 and under … [Read more...] about Nobody REALLY knows if the Feds will have to bail out* banks….
The Fed is getting ready for a .75% interest rate hike…Progressives are NOT happy….
Actually? Home buyers and mortagage companies ain't either.... You can add the American consumer to the list.... President Biden and Democrats are ALSO getting politically screwed with this.... Progressive Democrats are ripping the Federal Reserve over deepening … [Read more...] about The Fed is getting ready for a .75% interest rate hike…Progressives are NOT happy….
American Consumer Prices KEEP Rising……
I've been saying here to those few who might hear me.... Fed Chair Powell can keep raising interest rates to the Moon.... Don't matter... Small to Large businesses are problem... And Powell has NO influence over that.... There ain't any 'Sale' signs out there and … [Read more...] about American Consumer Prices KEEP Rising……
Mortgage rates up to 2008 level….
2008/2009 the bottom fell out of the American Economy.... The Federal Reserve IS raising interest rates to combat Inflation.... Their actions haven't stopped consumer high prices despite the gas price's dropping..... But the home ownership market HAS slowed.... The … [Read more...] about Mortgage rates up to 2008 level….
Fed Chief Powell says more interest rate ‘pain’….Market drops 750 points ….
Oh yea and the bean counters say inflation dropped ? Maybe gas prices... But consumer prices are STILL reaching for the sky folks.... The Ameriican economy is NOT getting better as the Fed chair(And Biden) knows.... Jerome H. Powell, the chair of the Federal Reserve, … [Read more...] about Fed Chief Powell says more interest rate ‘pain’….Market drops 750 points ….
Consumer Prices just keep climbing….
No Shit! The Consumer Price Index rose 9.1 percent from a year ago,... Inflation.... But? The Federal Reserve 's increasing interst rates are just wrecking the Home purchase , and mortgage refinancing... Add to that interst rates for credit for other … [Read more...] about Consumer Prices just keep climbing….