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Have you looked at commercial real estate lately, record individual credit card debt, corporate cost of borrowing especially on Zombie companies? It seems we are exactly priced for perfection in almost all markets and indexes being led by a few overvalued behemoths. You more likely have just rang the bell at the top.
It is difficult to believe the Fed dodged a recession. Every time in history when long term interest rates fall below short term rates, a recession follows. Looking at history, however, recession always Follows a return to normal rate returns by months, when long term rates are higher. I believe it is premature to call an "all clear" when we have witnessed multiple bank failures and the dust has clearly not settled.
Nothing upsets me more than the glorification of economists. Wow, the Fed raises interest rates or lower interest rates. Big job. I wonder how many of these people broke their arm or got paralyzed doing that job? This is only one very small part of the cog of the wheel of commerce. Even in the face of their decisions business goes on, and in fact it will push forward because at this moment we remain a free country and are able to innovate, create and produce which is the most important factor of the economy. The people have already been hurt by the FED even if no one wants to recognize a recession. The people bailed out the excesses of the banks in 2008 and are now going to foot another bill though it is being buried under mountains of smoke and mirrors. If bank collapses increase with this new rate hike, I doubt anyone will be singing their praises. Not that their charter is to do anything in support of the people. Their real purpose is to protect the wealth of the powerful. If it weren't' they would have let the other banks fail in 2008 creating short term pain, but this would have hurt the wealthy directly instead they manipulated the situation to avoid any transfer of wealth to the common citizen and protect the holdings of their constituents.
So interesting why many people root for the economy to do worse. We all benefit by this being a soft landing. So how come there's so much resistance? Even if the Fed really has no idea what they're doing and much of the outcome today and in the past has been luck or happenstance.
Pomp, you said two things, and together they make no sense, brother.
"Three of the four largest bank failures in history have occurred in the last seven months. We continue to see regional banks failing on a weekly basis."
"If this happens, which is increasingly looks like it will, the Federal Reserve will have pulled off the impossible — a soft landing."
They've already failed at pulling off a soft landing.
Have you looked at commercial real estate lately, record individual credit card debt, corporate cost of borrowing especially on Zombie companies? It seems we are exactly priced for perfection in almost all markets and indexes being led by a few overvalued behemoths. You more likely have just rang the bell at the top.
It is difficult to believe the Fed dodged a recession. Every time in history when long term interest rates fall below short term rates, a recession follows. Looking at history, however, recession always Follows a return to normal rate returns by months, when long term rates are higher. I believe it is premature to call an "all clear" when we have witnessed multiple bank failures and the dust has clearly not settled.
Nothing upsets me more than the glorification of economists. Wow, the Fed raises interest rates or lower interest rates. Big job. I wonder how many of these people broke their arm or got paralyzed doing that job? This is only one very small part of the cog of the wheel of commerce. Even in the face of their decisions business goes on, and in fact it will push forward because at this moment we remain a free country and are able to innovate, create and produce which is the most important factor of the economy. The people have already been hurt by the FED even if no one wants to recognize a recession. The people bailed out the excesses of the banks in 2008 and are now going to foot another bill though it is being buried under mountains of smoke and mirrors. If bank collapses increase with this new rate hike, I doubt anyone will be singing their praises. Not that their charter is to do anything in support of the people. Their real purpose is to protect the wealth of the powerful. If it weren't' they would have let the other banks fail in 2008 creating short term pain, but this would have hurt the wealthy directly instead they manipulated the situation to avoid any transfer of wealth to the common citizen and protect the holdings of their constituents.
So interesting why many people root for the economy to do worse. We all benefit by this being a soft landing. So how come there's so much resistance? Even if the Fed really has no idea what they're doing and much of the outcome today and in the past has been luck or happenstance.
Pomp, you said two things, and together they make no sense, brother.
"Three of the four largest bank failures in history have occurred in the last seven months. We continue to see regional banks failing on a weekly basis."
"If this happens, which is increasingly looks like it will, the Federal Reserve will have pulled off the impossible — a soft landing."
They've already failed at pulling off a soft landing.