I'm a old timer..... I use checks.... Last time I ordered them i got 4 bundles of checks..... This time.... I get TWO bundles and guess what? It costs the SAME as FOUR bundles!.... The Fed is NEVER gonna be able to knuckle down consumer price … [Read more...] about Less Costing MORE Inflation…Open Thread for May 3, 2023
The Fed interest rate hike
FED interest rate raised .25%
This is NOT a surprise.... Fed raises interest rate for the Big banks .25%... They admit their efforts on Inflation are NOT doing that good.... Update... Federal Reserve officials raised interest rates by a quarter-point on Wednesday as they tried to balance two … [Read more...] about FED interest rate raised .25%
The Fed maybe raising rates by ANOTHER .75% points…Consumer Prices STILL keep rising….
The Federal Resrve people ARE hard pressed to making money harder to borrow.... Inflation fight*!... It's supposed to drive DOWN prices.... It isn't..... We ARE moving into a place where Democratic Progressives are joining some Republicans like Rand Paul who … [Read more...] about The Fed maybe raising rates by ANOTHER .75% points…Consumer Prices STILL keep rising….
Mortgage rates climb to 7%+…..
The Home morgage market is a gonna for now.... Unless you 'have to' buy or the interest doesn't matter? You sit where you are .... Or? Rent.... Oh? The Fed is expected to raise the base inside rates AGAIN next month.... Mortgage rates topped 7 percent this … [Read more...] about Mortgage rates climb to 7%+…..
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….
It isn’t just America that has a rough Economy…..
Things are tough all over.... The Fed it may seem is NOT helping the world's economies.... Financial Markets Enter a Dangerous New Phase The Economist: “Around the world, financial markets look increasingly distressed. In Britain government-bond yields have surged … [Read more...] about It isn’t just America that has a rough Economy…..
We don’t really feel it …But?…Bulk Commodities costs are dropping…
The stuff that goes into making products , oil, copper, wheat , etc. have come down.... The high cost of consumer goods and services are supposted to be attached to these things.... But? Some of us don't believe the outfits selling stuff are not gonna drop their prices … [Read more...] about We don’t really feel it …But?…Bulk Commodities costs are dropping…
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 ….