The Federal Resreve is trying to drive down inflation.... They ain't doing a good job.... The prblem IS consumer prices.... Not home mortgages or car loans..... Or even gas prices.... And? A Recession IS also brewing on top of this..... The Federal Reserve … [Read more...] about The Ferd raises interest rates by .75 points…..
US Inflation/Recession
New York City is STILL reeling from the pandemic…..
President Biden wasn't talking about the 'Big Apple' when. he said the pandemic is over..... It isn't.... The city is hurting.... Workers are NOT in a hurry to come back to the office, which thye probaly have figured out would cost them time and money there boss isn't … [Read more...] about New York City is STILL reeling from the pandemic…..
Inflation has NOT moderated…..
Gas prices maybe dropping like a stone.... BUT? Consumer prices KEEP RISING..... I'm sorry Joe.... But on top of this? A Ressesion is brewing also.... (Big companies ARE beginning to lay people off folks...Local 'Help Wanted' signs are plentifful and?...Raises … [Read more...] about Inflation has NOT moderated…..
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 ….
Employers added 528,000 jobs in July?…..
That's from the US Labor Dept..... My response is 'So What'? Listen.... I REALLY think this means absolutely NOTHING..... Everywhere I go? There ARE HELP WANTED signs posted.... Businesses are LAYING people off.... I just did a post about about how thousands … [Read more...] about Employers added 528,000 jobs in July?…..
Sure the US Economy IS starting a Recession….
Come ON!.... Let's stop Bull Shitting.... Anyone on the ball could see the US Recession beginning already..... Prices going thru the roof.... Consumer's beginning to slow spending... Middle Class tax burden higher since GOP 2017 tax increase.... Higher interst … [Read more...] about Sure the US Economy IS starting a Recession….
Federal Reserve pushes interest rates up .75 of a point….
That means that House, Car and big ticket items will get interst rate hikes.... That means those same things are gonna be sold less... That means the recession thatr has laready begun is gonna get worst... That means more people are gonna be losing their jobs and apply … [Read more...] about Federal Reserve pushes interest rates up .75 of a point….