edjr 5,567 Posted July 25, 2022 Expected to go upĀ 3.5 before the end of 2023. Ā Share this post Link to post Share on other sites
lickin_starfish 1,482 Posted July 25, 2022 Is this why stocks are so green today? I can't keep up with all the great economic news. Share this post Link to post Share on other sites
edjr 5,567 Posted July 27, 2022 On 7/25/2022 at 9:28 AM, lickin_starfish said: Is this why stocks are so green today? I can't keep up with all the great economic news. Down bigly since I posted thisĀ VERY BIGLY Share this post Link to post Share on other sites
posty 2,296 Posted July 27, 2022 https://www.yahoo.com/finance/news/federal-reserve-interest-rates-fomc-monetary-policy-decision-july-2022-140540265.html The Federal Reserve on Wednesday raised interest rates by 0.75% as the central bankĀ attempts to avoid a deep recession. The decision to move by 0.75% matched the magnitude of theĀ Fedās last move in June, which was its largest single-meeting rate increase since 1994. Wednesday's decision was unanimously agreed upon by voting members of the Federal Open Market Committee. The Fed has now moved in four consecutive meetings to increase borrowing costs in America, extending its effort to dampen household and business spending. The goal: to wrangle inflation running at rates unseen since the early 1980s. Share this post Link to post Share on other sites
craftsman 1,045 Posted July 27, 2022 4 minutes ago, posty said: https://www.yahoo.com/finance/news/federal-reserve-interest-rates-fomc-monetary-policy-decision-july-2022-140540265.html The Federal Reserve on Wednesday raised interest rates by 0.75% as the central bankĀ attempts to avoid a deep recession. The decision to move by 0.75% matched the magnitude of theĀ Fedās last move in June, which was its largest single-meeting rate increase since 1994. Wednesday's decision was unanimously agreed upon by voting members of the Federal Open Market Committee. The Fed has now moved in four consecutive meetings to increase borrowing costs in America, extending its effort to dampen household and business spending. The goal: to wrangle inflation running at rates unseen since the early 1980s. They should try increasing manufacturing to meet demand.Ā This current government sucks. Glad I don't have to borrow for anything.Ā Share this post Link to post Share on other sites
Cdub100 3,384 Posted July 27, 2022 3 hours ago, edjr said: Down bigly since I posted thisĀ VERY BIGLY Up bigly with the anoucment, weird. Ā Share this post Link to post Share on other sites
edjr 5,567 Posted July 27, 2022 10 minutes ago, Cdub100 said: Up bigly with the anoucment, weird. Ā Down more Friday thenĀ up today.Ā Share this post Link to post Share on other sites
easilyscan 559 Posted July 27, 2022 34 minutes ago, Cdub100 said: Up bigly with the anoucment, weird. Ā NASDAQ is going wild to the upside. My gut tells me it's just a bear market rally. Would probably be a good day to sell covered calls. Share this post Link to post Share on other sites
JustinCharge 2,397 Posted July 27, 2022 2 hours ago, Cdub100 said: Up bigly with the anoucment, weird. Ā the market hates uncertainty.Ā once they announced it, uncertainty was removed and the market rallied as investorsĀ thinkĀ the hike is good for economy. 1 Share this post Link to post Share on other sites
Horseman 1,514 Posted July 27, 2022 55 minutes ago, JustinCharge said: the market hates uncertainty.Ā once they announced it, uncertainty was removed and the market rallied as investorsĀ thinkĀ the hike is good for economy. And 75ps was already priced in, that's what was expected for weeks.Ā Ā Share this post Link to post Share on other sites
edjr 5,567 Posted July 28, 2022 everything is going to crash Share this post Link to post Share on other sites
Mookz 1,287 Posted July 28, 2022 4 hours ago, easilyscan said: NASDAQ is going wild to the upside. My gut tells me it's just a bear market rally. Would probably be a good day to sell covered calls. NCMI up big league.Ā Ā 1 Share this post Link to post Share on other sites
easilyscan 559 Posted July 28, 2022 4 minutes ago, Mookz said: NCMI up big league.Ā Ā Yes sir! Share this post Link to post Share on other sites
easilyscan 559 Posted July 28, 2022 18 minutes ago, edjr said: everything is going to crash How about helping out your fellow geeksĀ by letting themĀ know when that's going to happen ? Ā Ā Ā Ā Share this post Link to post Share on other sites
RaiderHaters Revenge 3,592 Posted July 28, 2022 I truly donāt get how raising interest rates helps the economyĀ 1 Share this post Link to post Share on other sites
GutterBoy 2,281 Posted July 28, 2022 8 minutes ago, RaiderHaters Revenge said: I truly donāt get how raising interest rates helps the economyĀ It cools inflation Share this post Link to post Share on other sites
shorepatrol 1,737 Posted July 28, 2022 13 minutes ago, RaiderHaters Revenge said: I truly donāt get how raising interest rates helps the economyĀ It squashes demand. Prices come downĀ Share this post Link to post Share on other sites
WhiteWonder 2,172 Posted July 28, 2022 11 minutes ago, GutterBoy said: It cools inflation This guy knows. Phd in economicsĀ Share this post Link to post Share on other sites
Gepetto 988 Posted July 28, 2022 They have to do this because a lot of us have been overspending and wasteful with money.Ā This should rain that in by slowing down borrowing which I think is what causes inflation. Share this post Link to post Share on other sites
RaiderHaters Revenge 3,592 Posted July 28, 2022 46 minutes ago, shorepatrol said: It squashes demand. Prices come downĀ I still donāt see how. Prices come down on houses but your payment is still high 2.5 on a 600k house is better than 6.5 on 500k house Share this post Link to post Share on other sites
GutterBoy 2,281 Posted July 28, 2022 7 hours ago, RaiderHaters Revenge said: I still donāt see how. Prices come down on houses but your payment is still high 2.5 on a 600k house is better than 6.5 on 500k house Its more than just housing. Share this post Link to post Share on other sites
lickin_starfish 1,482 Posted July 28, 2022 It slows spending, but it comes at a cost. As people spend less, businesses don't take in as much revenue, leading to layoffs. Get ready. Share this post Link to post Share on other sites
GutterBoy 2,281 Posted July 28, 2022 Its an art.Ā Economic policy is not easy.Ā There are no right or wrong answers.Ā We lowered rates for years to spur growth.Ā It was inevitable we had to raise them once inflation proved to be non transitory.Ā Is it going to "fix" everything? No.Ā There is no "fix everything" button, but it is needed right now.Ā The art is raising rates enough to lower inflation yet not too much where it stifles growth. Share this post Link to post Share on other sites
craftsman 1,045 Posted July 28, 2022 You think this sucks? Wait til that tax and spending on green energy bill that Manchin agreed to takes hold. Liberals can't run anything properly. Get used to socialism. Venezuela here we come. 1 Share this post Link to post Share on other sites
lickin_starfish 1,482 Posted July 28, 2022 11 minutes ago, GutterBoy said: Its an art.Ā Economic policy is not easy.Ā There are no right or wrong answers.Ā We lowered rates for years to spur growth.Ā It was inevitable we had to raise them once inflation proved to be non transitory.Ā Is it going to "fix" everything? No.Ā There is no "fix everything" button, but it is needed right now.Ā The art is raising rates enough to lower inflation yet not too much where it stifles growth. You call it art, I call it theft. Share this post Link to post Share on other sites
edjr 5,567 Posted July 28, 2022 29 minutes ago, GutterBoy said: Its an art.Ā Economic policy is not easy.Ā There are no right or wrong answers.Ā We lowered rates for years to spur growth.Ā It was inevitable we had to raise them once inflation proved to be non transitory.Ā Is it going to "fix" everything? No.Ā There is no "fix everything" button, but it is needed right now.Ā The art is raising rates enough to lower inflation yet not too much where it stifles growth. The housing market needed a major correction and the rate hikes have helped, no doubts there. We will see what the fyootah holds... Share this post Link to post Share on other sites
JustinCharge 2,397 Posted July 28, 2022 2 hours ago, GutterBoy said: Its an art.Ā Economic policy is not easy.Ā There are no right or wrong answers.Ā We lowered rates for years to spur growth.Ā It was inevitable we had to raise them once inflation proved to be non transitory.Ā Is it going to "fix" everything? No.Ā There is no "fix everything" button, but it is needed right now.Ā The art is raising rates enough to lower inflation yet not too much where it stifles growth. the scary truth is they know exactly how to fix it but refuse to do it. Share this post Link to post Share on other sites
GutterBoy 2,281 Posted July 28, 2022 6 minutes ago, JustinCharge said: the scary truth is they know exactly how to fix it but refuse to do it. Who knows?Ā What is the fix? Share this post Link to post Share on other sites
JustinCharge 2,397 Posted July 28, 2022 Just now, GutterBoy said: Who knows?Ā What is the fix? already said on this board. Share this post Link to post Share on other sites
GutterBoy 2,281 Posted July 28, 2022 2 minutes ago, JustinCharge said: already said on this board. So you want me to read every post until I find it, or can you just say it again? Share this post Link to post Share on other sites
JustinCharge 2,397 Posted July 28, 2022 6 minutes ago, GutterBoy said: So you want me to read every post until I find it, or can you just say it again? just do what they did to fix the 1970s inflation. 1.Ā massive rate hike to kill the immediate inflation problem.Ā that isnt enough tho because when the economy rebounds, inflation will just return. 2.Ā they also created the 401k and discount brokerages to break consumers inflation mindset of buy buy buy. people with disposable income started putting it into the stock market instead of wild spending because of the lucrative deals of the 401k and ease of access of discount brokerages. Ā we fix it by crashing the economy again and alsoĀ offering some NEW lucrative investment vehicle that modern consumers care about.Ā im not saying it has to be another 401k.Ā could be anything.Ā it just has to divert the consumer from intense demand for goods and services.Ā break the inflation mindset. Ā but instead of wading into the weeds, its probably better to say "we obviously fixed the 1970s inflation and we can fix our current inflation problem doing the exact same things.Ā we simply are not doing it, which is scary." Share this post Link to post Share on other sites
edjr 5,567 Posted July 28, 2022 I feel like mine is a 201k as it's been cut in half it feels like 1 Share this post Link to post Share on other sites
lod001 1,237 Posted July 28, 2022 13 hours ago, edjr said: everything is going to crash Right after we rocket to new highs. They will have to reverse course on rates. Share this post Link to post Share on other sites
JustinCharge 2,397 Posted July 28, 2022 in discussing inflation and how to fix it with people, i found i actually had to add the bit where it doesnt have to be a second 401k, because everyone seemed to assume that was what i meant lol.Ā it could be any investment vehicle you can imagine.Ā but sometimes people interrupt me to jump in and say "oh you mean a secondĀ 401k!"Ā its really strange.Ā the more you talk with people, the more they all seem to think exactly the same. Share this post Link to post Share on other sites
Cdub100 3,384 Posted July 28, 2022 4 hours ago, JustinCharge said: offering some NEW lucrative investment vehicle that modern consumers care about.Ā im not saying it has to be another 401k.Ā could be anything.Ā it just has to divert the consumer from intense demand for goods and services.Ā break the inflation mindset. Ā You're talking about Bitcoin and other cryptos.... Share this post Link to post Share on other sites
GutterBoy 2,281 Posted July 28, 2022 1 minute ago, Cdub100 said: You're talking about Bitcoin and other cryptos.... I think he's talking about investments, not swindles where people lose all their money. Share this post Link to post Share on other sites
GutterBoy 2,281 Posted July 29, 2022 On 7/27/2022 at 3:31 PM, easilyscan said: NASDAQ is going wild to the upside. My gut tells me it's just a bear market rally. Would probably be a good day to sell covered calls. The fed removed guidance for future hikes.Ā That's why we rallied Share this post Link to post Share on other sites
edjr 5,567 Posted July 29, 2022 Quote experts predict that we're in for another three rate hikes by early 2023 Ooof...Ā Ā Share this post Link to post Share on other sites