64 comments

  1. Bought my house just in time.. Fixed rate too.. Thank god.. only took 3 full time working adults to beable to get it and even with that we are 150% under the average income for my state.. So you know..

    1. @A B i am a cook at a nursing home. i have a good job and it pays fairly alright.. its not like i am working a min wage job.

    2. @Joe It was a government program and they explained it as it wont change unless we refinance.

  2. The REAL problem is corporations just raising prices because they can. FOCUS on the TRUTH. The same goes for the 70’s.

    1. When you have Democratic Socialist you gets socialist results look what happened with Venezuela😂

    2. @Ben Garcia the Democrats are not socialist in any sense of the word.

    3. @Ben Garcia This ride is just starting. By the time it’s over Biden will make Jimmy Carter look like a genius.

  3. “Families are paying more for everything. To help, we are going to make you pay more to borrow the money you need to borrow to pay for the things that you pay more for”

  4. It isn’t significant and isn’t nearly enough, instead of just slowly moving like this federal reserve has done for the past 15 years creating this mess, they need to move twice this fast like when Paul volker did when he was in charge

    1. I absolutely cannot stand that administration and thier war on drugs, but I concur their federal reserve policy needs to be implemented. The problem with doing that is the effect it will have on commercial and residential real estate valuations. If they go lower, debt to asset ratios across the country go to F ratings and all hell breaks loose. Its a lose-lose-lose. No good moves. Probably get nuclear war instead.

    2. The Fed can’t really raise the interest rates too high anymore, the Federal deficit is much higher and the government relies more heavily reliant on short term bonds.

    3. @Aaron Ely the federal reserve should have been raising rates since 2008 instead of keeping rates so low and pushing this mess down the road 15 years. I remember when Paul volker raised rates to over 20 percent, it was a wonderful time, we saw CD,rates for savers who were getting 13 percent interest and didn’t have to put money in the stock market, people were still buying homes even with home interest rates over 10 percent and we saw a 30 year bull market in stocks after they did that , so when the fed raised rates in the 70,s it was good for savers retirees and people still bought homes .

    1. Ok…. Well, the difference on a 500.000 usd house with a mortgage of 4% annually instead of 3,5% will increase the monthly cost by 625 dollars.

      So if you can’t feel that in your economy you are just lucky off.

  5. It isn’t. Look at historical rates and its a joke. They need to be more like 10-15% at minimum to even put a dent in inflation.

    1. @Janelle Knight….the fed raising interest rates will make things more expensive, it’s not hard to understand.

    2. @Janelle Knight <—— never graduated college, is the smartest person around

    3. @deplorable federalist I have a bachelors and masters degree in accounting, sweetheart. What do you have?

  6. With the exception of the last 22 years, people grew their money in banks with savings account interest. We’ve been required to gamble on stocks, real estate, Bitcoin, and bonds to achieve the thing banks were made for.

    1. @T. R. Campbell Stocks are vastly overvalued because of artificially low interest rates and among other things relating to free money, , massive stock buybacks.

    2. @life is a carnival saying that all stocks are overvalued, is like saying that all money is overvalued. There probably are some stocks that is overvalued (or undervalued), but it is relative to other stocks, not everything in the world. And the low interest rates are not artificial, at least not anymore than anything else in an economy that humans have created to show value and expectations of the future.

  7. Meanwhile, the EU has 7.5% inflation and the Netherlands has 12% inflation, but the European Central Bank keeps interest rates negative.

    1. ​@T. R. Campbell So, the short answer is not really, it’s actually quite complicated. The French republic is fairly similar to the USs, but there are some key differences, among the main ones being that France has both a president and prime minister. While it’s true that France had presidents from the Socialist Party between 1981-1995 (François Mitterrand) and 2012-2017 (François Hollande*), the former had what we call “cohabitation” for a large fraction of his time in office (the prime minister was right-wing and held the actual power with parliament). The latter, Hollande, is largely considered to be very mildly left-wing, if at all (that’d be an exaggeration, he did enact some left-wing policies, but he was still fairly centrist overall). There was also a Socialist prime minister from 1997 till 2002 (Lionel Jospin), who’s government is largely considered to be the last true left-wing one. The other one’s are:
      – Jacques Chirac. He was what we call “Gaulliste”, i.e., slightly anti-US right-wing (he opposed the US invasion of Iraq, using the French veto at the UN security council). It’s hard to compare him accurately to anyone from the US.
      – Nicolas Sarkozy. Ultra-Atlantist, pro-US, ultra-capitalist, conservative but also somewhat nationalist right-wing. He’s probably best compared to modern “moderate” republicans like Cheney, Romney or Kinzinger.
      – Emmanuel Macron. He was elected president in 2017 and just got reelected (until 2027, after which he will not be able to run until 2032). He’s somewhat comparable to Biden on certain points, presenting himself as a pure centrist, above the right-left divide. That being said, he’s failed quite hard for the most part, running mostly right-wing economic policies and a very conservative on security.

      So France is really not a socialist country (the Socialist party was never really socialist), especially not by the actual definition of the term. We do however have a long-running history of strong workers rights and the PCF (French Communist Party) used to have 15% support until the 80s. It stopped being the case 40-ish years ago. The strongest left-wing candidate during the presidential elections a couple weeks ago was Jeal-Luc Mélenchon, who’d best be compared to Sanders, but that’s not really socialist at all (they’re Social Democrat, which is a very different thing), and him plus all other left-wing parties combined barely got 30-35% support.

      * It’s just a coincidence that both Socialist presidents were named François, not an intended feature 😛

  8. I hope they realize that most workers are living paycheck to paycheck and accruing debt monthly. I guess we will see where we will be in a year or so and see how it pans out…

  9. The war in Ukraine 🇺🇦 is meant to open your eyes to the reality in the financial system. Real estate firm and other businesses are also closed too only crypto holders are spending money with ease..

    1. @Williams Mike Thank you so much , being following up the testimonies . I will reach him now

    2. Really y’all know him, I even thought I’m the only one he has helped walk through the fears and falls of trading

    3. I met Mr Logan Willie for the first time at a conference in Manchester, I invested £25,000 and traded in one month making close to £143,670

  10. The housing market drove all this inflation 2% interest rates for everyone no competition

  11. Forget the fed rate. Income taxes on the rich and corporations needs a sharp increase say like 20% at minimum.

    1. The “rich” and corporations will only lay people off to combat the increase; then what?

  12. “Fed deserves credit…” That statement is a joke…..they are literally the reason we are here….excuse me if I don’t give them credit for attempting to fix something THEY CAUSED

  13. Klaus Schwab smiling cuz everything going per plan lmao

    Can’t believe these 🤡’s are talking about a recession being a good thing as a “shock to the economy” lmao 🤣 like the SHOCK IN 2008 wasn’t enough right ? 🤣🤣🤣

  14. It’s a stabilization of supply and demand over the coming years. That’s the crux of meeting. Catherine missed the evolution of fed metrics raising late last year. They waited for cpi, labor and other data which underestimated the strength of the economy, which leads to this current hike. A strong economy promotes not only labor growth; but people switching jobs for higher wages. Whereas, if we were high unemployment, there would be no metrics in place for interest hikes. The “great resignation” is sensationalist terminology, but also serves to awaken people who need to raise the bar for their own standards. We’re not doing a Volcker repeat, because labor doesn’t form the acumen for a weaken economy. It was supply and demand.

  15. Did he just blame the workers for inflation??? I bet he thinks people should just shut up and take whatever the “job creators” want to pay.

  16. You have to love how she says ‘…but then inflation continued on it’s own’ as if we hadn’t already had communications leak with CEOs bragging about using small inflation numbers to justify raising prices way above the rate of inflation.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.