Good Tuesday Morning All. 83* for a high today with 0% chance of rain. Time to hit it guys. So Hope you all have a good one today. Stay Safe,
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03-07-2023, 06:38 AM | #9271 (permalink) |
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Good Tuesday Morning All. 83* for a high today with 0% chance of rain. Time to hit it guys. So Hope you all have a good one today. Stay Safe, Stay Positive and Keep Moving Forward.
Remember: "After Writing An Angry Email, Read It Carefully. Then Delete It." |
03-07-2023, 07:47 AM | #9273 (permalink) |
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morning all,
nice and sunny day in Knoxville back to Atlanta for a day or two enjoy the moment...
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03-07-2023, 09:06 AM | #9274 (permalink) |
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261 Days until Thanksgiving 2023
293 Days until Christmas 2023 300 Days until New Years 2024 ∞ Days until EW pays off his BMW
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03-07-2023, 10:07 AM | #9275 (permalink) |
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Fed. Chair Jerome Powell is scheduled to get grilled by Congress regrading inflation. So they're having a meeting about something in which Jerome admitted to not understanding and wasting time on something that is theoretically simple to fix, rather than other pressing issues. Raising rates is only half the battle to fighting inflation, and continuing to raising rates at this stage of the game won't do anything! Fix the global supply chain issue and and leave rates where they are.
https://www.cnn.com/2023/03/07/inves...ing/index.html
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03-07-2023, 12:48 PM | #9278 (permalink) | |
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03-07-2023, 01:12 PM | #9279 (permalink) |
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It’s really not a hard concept:
Yes, raising rates will slow down the economy and would lower inflation in a “normal” market. However, raising rates in an environment plagued by supply chain issues will: 1. Increase the cost of production so production itself will decrease 2. Decrease spending by consumers in a rate-rising and production-reducing environment, so production will be even less (why produce when no one is buying and also cost more to produce) Since supply is the biggest driver with the current inflation crisis, less supply means inflation will stay and increasing rates will mean less spending. Basically taking out supply AND demand
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03-07-2023, 01:38 PM | #9280 (permalink) | |
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Oh, and I thought the $1.5 TRILLION “inflation reduction act” was going to take care of all this?
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03-07-2023, 01:45 PM | #9281 (permalink) | |
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Spending does need to slow down, but the bigger pressing issue is keeping the supply chain functional, not to decrease production in an already supply-stricken environment by raising rates. Spending going down and supply going up would theoretically lower inflation. However, at the current rate, it looks like supply AND demand are both being wiped out, and with inflation to stick around.
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03-07-2023, 01:50 PM | #9282 (permalink) | |
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Rule number ONE is you don’t raise interest rates in a recession. They’re whistling past the graveyard.
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03-07-2023, 01:53 PM | #9283 (permalink) | |
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03-07-2023, 01:56 PM | #9284 (permalink) |
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Yea! I hear those Asians are pretty good with math!
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03-07-2023, 02:01 PM | #9285 (permalink) | |
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And there is not even a hard landing. Most likely a crash Motherf*cker
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