And you caucaused with. I was wrong. Not the vote. The hope that it will be Obama 2.0 or bush 3.0 but it’s not. I’ll freely admit being wrong. But being ashamed? Pfft
You wrote out a thread right after the election that it’s over and time to move on. He didn’t. You now minimize in some instances his post election behavior. Like saying the scotus would have stopped it. You are clearly not ashamed. Nor am i.
I see, but 2018 was the other side of covid. We are talking a different environment. I dont know how he would have handled things now, but picking some complaint about not lowering interest rates in October 2018 is just not relevant.
Nor is Trump the only possibility for Republicans for 2024.
Of course its being rose…how do you think the fed fund rate works? The rate hikes had to happen in fact they should have happened sooner.
Other rates benchmark off the fed fund rate plus their spread, even though the current fed fund rate is not at 3% ish the market has already priced in future fed fund rate increases by the Fed before they happen.
Its how these markets work…
“According to the overnight-index swap market, the fed funds rate will reach 3.8% by next spring but then fall to around 3.4% by the end of 2023 and 3.1% by the end of 2024.”
The Fed is purposefully trying to slow down the economy without crashing it completely this is by design.
Basic economic stuff
Handy article for you:
“When the Fed raises the fed funds rate, it’s aiming to increase short-term interest rates throughout the economy. This in turn reduces the supply of money and makes it more expensive for all kinds of economic participants to borrow money. This can quell rising inflation by reducing the amount of money flowing through the economy.”
I agree, I am just saying that rates were kept low for way too long got people hooked on easy money…keeping them at near zero gives no slack for moments like this one.
You act like the only two options are “don’t think” and “think deeply about everything”. Certainly the “Thinkingman” can do something in between the two?
Was it a non-sequitur? All I know about her is that she’s on the View and sounds like Joan Rivers.