Lindaland
  Global Unity 2.0
  Fed To Cut Interest Rates!

Post New Topic  Post A Reply
profile | register | preferences | faq

UBBFriend: Email This Page to Someone! next newest topic | next oldest topic
Author Topic:   Fed To Cut Interest Rates!
Randall
Webmaster

Posts: 116129
From: From a galaxy, far, far away...
Registered: Apr 2009

posted July 30, 2019 04:52 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Expect a 1/4 point rate cut on tomorrow. In the past, whenever wages rose and unemployment was low, the fed would roadblock it with an interest rate hike and literally cause a recession. The hike in December was a bad move, and they know it. Doing the opposite now is unprecedented! It will push the economy Trump Train even faster. Choo choooooo!

IP: Logged

jwhop
Knowflake

Posts: 13310
From: Madeira Beach, FL USA
Registered: Apr 2009

posted July 30, 2019 06:41 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Randall:
Expect a 1/4 point rate cut on tomorrow. In the past, whenever wages rose and unemployment was low, the fed would roadblock it with an interest rate hike and literally cause a recession. The hike in December was a bad move, and they know it. Doing the opposite now is unprecedented! It will push the economy Trump Train even faster. Choo choooooo!

President Trump has been on the Federal Reserve's case for months. Looks like his message is finally getting through.

IP: Logged

Randall
Webmaster

Posts: 116129
From: From a galaxy, far, far away...
Registered: Apr 2009

posted August 06, 2019 09:49 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
First time in ten years and long overdue!

IP: Logged

iQ
Moderator

Posts: 5781
From: Lyra
Registered: Apr 2009

posted August 13, 2019 11:01 AM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
Dow Jones Report Card from Inauguration Day to Aug 12 of their 3rd year in the White House:

GHWB: +34.2%
Clinton: +42.4%
GWB: -11.9%
Obama: +41.7%
Trump: +30.1%

The Black Muslim Socialist is still doing better than the Great White Hope...

IP: Logged

iQ
Moderator

Posts: 5781
From: Lyra
Registered: Apr 2009

posted August 13, 2019 11:09 AM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
Meawhile, regarding Deficits,

The U.S. budget deficit grew to $866.8 billion in the first 10 months of the new fiscal year, a 27% increase from the same period one year earlier.

Total Debt: 22 trillion dollars and counting.

The Tax Cuts have not helped reduce the Deficits nor the Debt.

Trump has added 4 trillion dollars to the Debt already.

Democrats will never again bother about the Fiscal Responsibility Preaching from GOP ever again. If 22 trillion debt is ok, why not 40 trillion or 100 trillion?

IP: Logged

jwhop
Knowflake

Posts: 13310
From: Madeira Beach, FL USA
Registered: Apr 2009

posted August 13, 2019 01:21 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
"The Black Muslim Socialist is still doing better than the Great White Hope..."

Your crystal ball needs a tune-up.


US Debt by President by Dollar and Percent

Who Increased the U.S. Debt the Most?
Kimberly Amadeo
August 09, 2019


The Top Five Contributors by Percent

Franklin D. Roosevelt: Percentage-wise, President Roosevelt increased the debt by the largest amount.

Woodrow Wilson: President Wilson was the second-largest contributor to the debt, percentage-wise. He added $21 billion, which was a 727 percent increase over the $2.9 billion debt of his predecessor.

Ronald Reagan: President Reagan increased the debt by 186 percent. Reaganomics added $1.86 trillion.

George W. Bush: President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001.

Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest.

IP: Logged

iQ
Moderator

Posts: 5781
From: Lyra
Registered: Apr 2009

posted August 14, 2019 03:17 PM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
I agree with your points on debt increase but Trump claimed to have the financial acumen to reduce National Debt especially with Tax Cuts.
Obama made no such claims.
Now here is the next big problem, which I hope Trump calls for emergency meetings to solve: The Treasury Yield Curve has INVERTED after 12 years. Recession time has started.

This would be the first Modern Recession with a large scale Trade War in tandem.

If Dow cracks 22K, people practically lose every gain of the past 3 years when adjusted to inflation and they have additional uncertainty on matters like healthcare.

Recession would most certainly cost Trump the Presidency and what is worse would be heavy Quantitative Easing by the next President.

I expect Debt to cross 30 trillion dollars by 2022. And Tax Increase. Stagflation. Etc.

p.s:
Deutsche Bank would fall like 9 pins.

IP: Logged

BlueRoamer
Knowflake

Posts: 548
From:
Registered: Apr 2009

posted August 14, 2019 04:52 PM     Click Here to See the Profile for BlueRoamer     Edit/Delete Message   Reply w/Quote
I agree that we are actually already in a recession

IP: Logged

Randall
Webmaster

Posts: 116129
From: From a galaxy, far, far away...
Registered: Apr 2009

posted August 14, 2019 05:13 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
This inverted curve has happened 8 times in the past, and once it was a false alarm, so it's not at all prophetic. It's illusory. Fear is powerful, but this is more about uncertainty. The DOW is still well over 25,000 compared to 19,000 under Obama, and 25,000 was supposedly unreachable. When you go that high (27,000), you can expect a big drop when consumers get scared. A DOW this high is unprecedented. The pundits have no clue about what will or won't happen in an economy such as this. Once certainty is again in place, we will see another upswing. China will do a trade deal, and the Trump Bump will take place. Recession averted.

IP: Logged

jwhop
Knowflake

Posts: 13310
From: Madeira Beach, FL USA
Registered: Apr 2009

posted August 15, 2019 01:00 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
There are some people...democrat candidates...and their political propaganda idiots in the press who are trying to talk the economy down. They need to knock the crap off or risk getting laughed off their campaign stages and off the air.

There is a war ongoing now but it's not China vs the US.

It's Wall Street vs Main Street USA. Trump is the Main Street General and Wall Street is getting their collective a$$es kicked.

By the time Trump's 2nd term is over, it will be the people who make things and do things in the US economy who will be at the head of the US economic engine..Main Street.

The Wall Street pencil pushers and paper shufflers will have declined in importance.

Stunning Day of Economic Gaslighting – Despite All Positive Data, Corporate Media Cheering For Recession…
August 14, 2019
sundance


***This is a long article but if you really want to know what's going on, it's worth the time to read it.***

A “negative yield curve"; a pending “economic recession“. These are the obtuse and ridiculous proclamations of the Mainstream Corporate Media today. So let’s take a moment to discuss how stunningly -intentionally- disconnected they are.

Always remember, there are trillions of dollars at stake; and these media entities have a vested interest in maintaining the Wall Street position, adverse to Main Street USA.

First the “negative yield curve” aspect; where long-term bond rates (returns on investment) are lower than short-term rates (returns). As Reuters proclaims:

“A key bond market metric turned negative for the first time since 2007 on Wednesday, sending stocks tumbling”…

I must admit, I actually started laughing out loud when I first read that proclamation. Allow me to introduce a radical concept in economics: “supply and demand” !

The long-term borrowing rate for return on investment dropped momentarily lower than the short-term borrowing rate of return on investment because massive numbers of foreign investors were rushing to buy long-term U.S. bonds. Wait… what? Yes, a ‘negative yield curve’ is what happens when everyone wants to buy bonds in your long-term economy.

There weren’t enough long-term bonds to fill the demand of those who wanted to purchase them. Ergo, the return rate of interest dropped because there was no need to have an incentive to sell them…. everyone wants them.

So the yield drops, because the U.S. doesn’t need to incentivize the sale… because everyone is lined up to buy them. See how that works?

Do lines of people wrapping all around the world trying to get to the U.S.A Bank and buy U.S. treasury bonds sound like the USA economy (underlying the bond) is weak or in trouble?

It’s OK to laugh out loud.

No, really, it’s ok.

Yes, Alice, it’s true. The financial media would have you believe that customers lined-up around the building to purchase your products means your business is about to close because of a lack of customers. THAT my friends is the stupidity of it.

The U.S.A economy is so strong, so healthy, and forecast to remain so with such intensity, that everyone wants to purchase dollars because it is the world’s highest predicted rate of return for investment….. And somehow the media can spin that into a bad thing.

No, really. That’s the narrative of today.

Now let’s look at the second stupid “A looming recession“:

First, a “recession” is two consecutive quarters of negative GDP growth. That’s how you define a recession. So to start a recession you need need one quarter of negative GDP growth right? Well, duh, it hasn’t happened, and there is not a single economist who is predicting a negative Third Quarter growth rate (July, Aug, Sept., ’19).

First Quarter GDP growth was 3.1%. [Beating all expectations] Second Quarter GDP growth was 2.1%. [Again, beating all expectations]… and somehow the Third Quarter is suddenly going to be negative growth? It’s OK to laugh again.

So how does CNN et al “warn of a looming recession” when there’s not a single economist forecasting a negative GDP for the third quarter? Well, they make **** up that’s how.

Think about it…. if the economy was contracting, people would not be getting hired right? Employers would be laying people off right? Businesses would be selling off assets right? Wages would be dropping right?

Do you see any of these things happening?

No? Why not?

Because it ain’t happening, that’s what !!!

The U.S. economy is not shrinking. Main Street is strong, and getting stronger.

Go back to point #1, would the world be rushing to buy dollars if the U.S. economy was on the precipice of collapse? Think about it.

Now, that said, there are some economies that are shrinking; and they all have something in common. The manufacturing export dependent nations are in trouble because President Trump is starting to limit their access to their most desired customers, the USA. And President Trump is telling companies that operate in those export nations that it would be in their best interests to come to the United States to make their goods.

Germany, the economic engine for the EU, is a manufacturing export dependent nation, and it is contracting. China is a manufacturing export dependent nation and their manufacturing is contracting. But the U.S. is strong, because we are not dependent on exports. In fact the U.S. consumes more than 80 percent of what we produce; we are a self-sustaining economy.

Our U.S. economic strength is why Asian and European investors are rushing to buy dollars (US Bonds); and why the U.S. treasury doesn’t need to provide high yield rates as incentives to buy them (hence the negative yield curve).

Stop me when any of the U.S. economic data has even the slightest implication of a slowdown, or “looming recession”.

Our last jobs report showed 164,000 new jobs created in July (yeah, like two weeks ago). In addition 363,000 people moved from part-time to full-time employment… does that sound like a weak economic outcome? Current blue-collar wage growth is in excess of 3.4%, and current overall U.S. worker income is growing at a rate exceeding 5.4%.

Does any of that sound like what you see just before a “looming recession”?

(BEA Data Source – Link)

Every actual data result exceeds expectations.

Every measurable KPI ( *Key Performance Indicator) in the U.S. economy beats every forecast.

Show me data that supports this “looming recession” claim. Guess what; you can’t because it is a manufactured bucket of nonsense. Abject stupidity created in the basement of media narrative engineers and pushed into the U.S. mainstream talking points in an effort to create something that doesn’t exist. You know the word for that? “Gaslighting” !

Why?

Why are the financial pundits doing this?

Because the engine for the U.S. economy is the U.S. consumer. The Wall St./Media pundit goal is to erode consumer confidence, instill fear, and hopefully get people to sit on those high wages…. thereby creating a self-fulfilling prophecy. ***There's an election coming up, you know!***

This my friends is the battle behind Wall Street -vs- Main Street.

There are trillions of dollars at stake.
http://thecon servativetreehouse.com/2019/08/14/stunning-day-of-economic-gaslighting-despite-all-positive-data-corporate-media-cheering-for-recession/#more-168290

IP: Logged

Randall
Webmaster

Posts: 116129
From: From a galaxy, far, far away...
Registered: Apr 2009

posted August 15, 2019 04:49 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Great article!

IP: Logged

BlueRoamer
Knowflake

Posts: 548
From:
Registered: Apr 2009

posted August 15, 2019 06:17 PM     Click Here to See the Profile for BlueRoamer     Edit/Delete Message   Reply w/Quote
Some democrats want a recession because recessions hurt incumbent presidents; i dont think that's a good reason to want a recession.

IP: Logged

Randall
Webmaster

Posts: 116129
From: From a galaxy, far, far away...
Registered: Apr 2009

posted August 16, 2019 12:27 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
It was a false alarm. As I stated, with historic highs above 27,000 the new normal, fears of uncertainty can make the temporary drops extreme, but so are the recoveries. The DOW is about to break 26,000! Consumer spending is breaking records, showing that the average consumer isn't worried, and as a result, it's keeping the economy booming. Walmart stock is a good indicator of the real economy and not the leftist fake news narrative. Walmart was able to shift their buying, resulting in no price increases due to the tariffs. Some prominent economists are saying that we may never see another recession at all!

IP: Logged

jwhop
Knowflake

Posts: 13310
From: Madeira Beach, FL USA
Registered: Apr 2009

posted August 16, 2019 01:08 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
So, after WWII, America helped nations which were flattened by war get back on their feet:

By forgiving war debt
By instituting trade systems with the US
By help retooling their manufacturing
By accepting tariffs against US goods while taking their manufactured products tariff free.
By signing defense treaties with them which placed them under the US umbrella of protection

Globalization got started.

70 years later, it's time for these nations to stand on their own and be responsible for their own protection...and for their own economic production, sans tariffs on American goods.

So, when you see or hear a Wall Street Globalist Ninny on TV or in print running down the US economy, understand they're not doing so for the benefit of the US, but for the Internationalist Globalists they serve. They despise Trump for breaking up their far flung economic empires.

Economic Analyst El-Erian: The Era of “De-Globalization” is Here…
August 15, 2019
sundance


Finally an economic analyst gets prime-time media pundits to listen as he describes the fundamental difference between the U.S. “Economy” (Main Street) and the U.S. “Markets” (Wall Street). Charles Payne understands most of this, but El-Erian has it nailed.

Allianz Group chief economic advisor, Mohamed El-Erian, accurately describes what is happening in an era where deglobalization is taking place. The U.S. economy is strong; however, the multinationals on Wall Street -invested overseas- are exposed. Thus there’s a disconnect and accompanying market volatility.

This is well worth watching because this is the first well-regarded financial pundit that is speaking truth to Wall Street in terms the panel pundits will understand/accept.

There is nothing that China and the EU can do to stop the de-globalization process; and efforts to stimulate their economy, more quantitative easing (pumping money) while the global supply chains are being shifted, are futile.

The more a nations’ economy is dependent on exports, the more exposure they have to the inherent downsides of de-globalization. U.S. companies that are invested in these nations will lose their investment over time; some rapidly. This will keep the stock market volatile, yet the Main Street USA economy is thriving.

President Donald Trump has purposefully stalled the process of globalization, and is resetting global supply chains. This is bringing massive amounts of wealth back into the United States.

In essence Titan Trump is engaged in a process of: (a) repatriating wealth (trade policy); (b) blocking exfiltration (main street policy); (c) creating new and modern economic alliances based on reciprocity (bilateral deals); and (d) dismantling the post WWII Marshall plan of global trade and one-way tariffs (de-globalization).

IP: Logged

Randall
Webmaster

Posts: 116129
From: From a galaxy, far, far away...
Registered: Apr 2009

posted August 16, 2019 03:29 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Well-said, Jwhop! I would just put it like this: It's time for the proverbial international freeloading 30-somethings to move out of their parents' basements!

IP: Logged

teasel
Knowflake

Posts: 12512
From:
Registered: Apr 2009

posted August 20, 2019 09:24 AM     Click Here to See the Profile for teasel     Edit/Delete Message   Reply w/Quote
http://www.cnn.com/2019/08/20/politics/white-house-payroll-tax-cut-economy/index.html

IP: Logged

jwhop
Knowflake

Posts: 13310
From: Madeira Beach, FL USA
Registered: Apr 2009

posted August 20, 2019 10:50 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by teasel:
[URL=http://www.cnn.com/2019/08/20/politics/white-house-payroll-tax-cut-economy/index.html]http://www.cnn.com/2019/08/20/politics/white-house-payroll-tax-cut-economy/index.html[/UR L]

More CNN Fake News bullshiite.

Payroll tax reductions are not being discussed...'to stave off an economic slowdown'.

There is no economic slowdown. The economy is hitting on all cylinders. Nor is there a recession either now or looming on the horizon as the moronic democrat propagandists of the brainless news media are praying for.

Payroll tax reductions are part of the President's pledge to cut taxes that he's discussed for several years.

It's not the sinister horseshiiite CNN is braying about to the few diehard readers and viewers who haven't wised up enough to move on from Fake News.

IP: Logged

jwhop
Knowflake

Posts: 13310
From: Madeira Beach, FL USA
Registered: Apr 2009

posted August 20, 2019 10:53 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Randall:
Well-said, Jwhop! I would just put it like this: It's time for the proverbial international freeloading 30-somethings to move out of their parents' basements!

Yes Randall, these economic traitors have been freeloading on the backs of American workers for most of a generation. Time to retrain them for 'useful' employment.

IP: Logged

Randall
Webmaster

Posts: 116129
From: From a galaxy, far, far away...
Registered: Apr 2009

posted August 20, 2019 06:34 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by teasel:
[URL=http://www.cnn.com/2019/08/20/politics/white-house-payroll-tax-cut-economy/index.html]http://www.cnn.com/2019/08/20/politics/white-house-payroll-tax-cut-economy/index.html[/UR L]

So, you're admitting that tax cuts help the economy?

IP: Logged

jwhop
Knowflake

Posts: 13310
From: Madeira Beach, FL USA
Registered: Apr 2009

posted August 20, 2019 07:09 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Randall:
So, you're admitting that tax cuts help the economy?


IP: Logged

Randall
Webmaster

Posts: 116129
From: From a galaxy, far, far away...
Registered: Apr 2009

posted August 25, 2019 11:32 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
*crickets*

IP: Logged

jwhop
Knowflake

Posts: 13310
From: Madeira Beach, FL USA
Registered: Apr 2009

posted August 26, 2019 12:48 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote

The crickets are silent!

IP: Logged

Randall
Webmaster

Posts: 116129
From: From a galaxy, far, far away...
Registered: Apr 2009

posted August 26, 2019 05:39 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Chirpless!

IP: Logged

teasel
Knowflake

Posts: 12512
From:
Registered: Apr 2009

posted August 26, 2019 05:51 PM     Click Here to See the Profile for teasel     Edit/Delete Message   Reply w/Quote
What? I've had things on my mind, personal business.

IP: Logged

Randall
Webmaster

Posts: 116129
From: From a galaxy, far, far away...
Registered: Apr 2009

posted September 06, 2019 11:25 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Expect a full point decrease, but not all at once.

IP: Logged

All times are Eastern Standard Time

next newest topic | next oldest topic

Administrative Options: Close Topic | Archive/Move | Delete Topic
Post New Topic  Post A Reply
Hop to:

Contact Us | Linda-Goodman.com

Copyright 2000-2019

Powered by Infopop www.infopop.com © 2000
Ultimate Bulletin Board 5.46a