Guess he saw his shadow

see comment above.

They are just going to change the calculation metrics and it is no longer an issue......Why are people so concerned about inflation??????

FWTXAg said:

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Either they print more money than they ever have and lower rates to 0 within the next 12 months thereby destroying the economic future of this Country for generation to come, or we are going to see one of the greatest financial corrections known to man very, very soon.

Praying for America!

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No one wants to hear it but this is exactly what we are going to experience.

I vote for rates to go to 0%. I have a bunch of real estate debt I would like to refinance.

MemphisAg1 said:

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Lol, if you don't like what the scorecard says, change the way it's calculated.

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I didn't like what my scale said the other morning, so I threw it away.

vette said:

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I vote for rates to go to 0%. I have a bunch of real estate debt I would like to refinance.

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Haha selfishly I agree with you and for the exact same reason. But that selfishness and so many Americans partying like the music was never going to stop is the reason this Country is going to go the way of Rome sooner rather than later.

Consumerism and keeping up with the Joneses is what built us and it will also be what kills us. We've got way too many people with very average incomes living in homes fit for someone with 10MM Net worth and driving cars that cost more than a years wages. We're getting pretty dang close to going over the cliff now.

Dungeon Crawler Carl said:

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see comment above.

They are just going to change the calculation metrics and it is no longer an issue......Why are people so concerned about inflation??????

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Remember when everyone lost their **** when the Obama administration redefined how GDP was calculated?

Dungeon Crawler Carl said:

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FWTXAg said:

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Either they print more money than they ever have and lower rates to 0 within the next 12 months thereby destroying the economic future of this Country for generation to come, or we are going to see one of the greatest financial corrections known to man very, very soon.

Praying for America!

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No one wants to hear it but this is exactly what we are going to experience.

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I think it's "no one wants to hear it again for the 58th time"

Luckily, and different than most, FWTXAg at least put a time window on his prediction.

ErnestEndeavor said:

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The statement and the press conference made it abundantly clear he considers inflation to be an issue and the entire fed is unified in their agreement that the Fed is going to have to enact policies as best they can to get it knocked down.

The stock markets hate hawkish Fed policy.

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Good luck to them. There isn't jack **** they can do to impact it other than make it worse.

The naysayers are waiting for that one moment they can point to and say THAT was the exact date this all fell apart.


The truth is it was the day Lehman died back in September 2008. The economy has been on life support and circling the drain since then.....


This isn't going to go Mad Max over night, we are all just going to become poorer and poorer over a long drawn out timeline.

If you look at the Fed's statement today, the last sentence reads "The Committee will deliver price stability."

That seems very deliberate, and if they mean it, it's powerful. Inflation is a thief and needs to be managed to low levels.

If they're serious about it, it means keeping the money supply in check with the demand for money. No more big QE events (outside of a serious liquidity crisis). I believe Warsh thinks he can actually manage short-term rates lower over time if he keeps the money supply in check.

Time will tell. The Fed is only part of the equation. If Treasury keeps issuing more bonds to feed our deficit spending, that will just put pressure on the bond market and drive up mid to long-term rates. The Fed can't do anything about that.

Unsustainable spending is really the root cause of our predicament.

HTownAg98 said:

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Dungeon Crawler Carl said:

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see comment above.

They are just going to change the calculation metrics and it is no longer an issue......Why are people so concerned about inflation??????

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Remember when everyone lost their **** when the Obama administration redefined how GDP was calculated?

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This has been a good week for finding out that a number of things Obama did that people *****ed about when he did them are perfectly fine now that Trump is doing the exact same *****

Quote:

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Unsustainable spending is really the root cause of our predicament.

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The problem is that there is zero desire to rein it in by anyone in Washington. The only way to dodge this implosion is to hope we can outlast it long enough for de-population to start offsetting and forcing spending reductions.

Sims said:

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Dungeon Crawler Carl said:

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FWTXAg said:

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Either they print more money than they ever have and lower rates to 0 within the next 12 months thereby destroying the economic future of this Country for generation to come, or we are going to see one of the greatest financial corrections known to man very, very soon.

Praying for America!

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No one wants to hear it but this is exactly what we are going to experience.

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I think it's "no one wants to hear it again for the 58th time"

Luckily, and different than most, FWTXAg at least put a time window on his prediction.

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Sure.

The music has already stopped, they just haven't flipped the lights back on yet. Put whatever timeline on that you'd like.

https://www.youtube.com/live/Rov8pHwhSlc?si=pPLfyypvSNuaMAC0

Gammon has some good takes.

MemphisAg1 said:

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Lol, if you don't like what the scorecard says, change the way it's calculated.

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Shouldn't the fed use its power wisely to affect the economy is positive ways?