View Full Version : The first skirmish.
Docthehun
12-14-2016, 07:50 AM
Today is pretty important with the inauguration a little over a month from now. Janet has a opportunity to stick it to the President-elect and perhaps send the market into a sell-off frenzy. All the money is on a rate hike. We'll see. We have all the folks saying how lousy the economy remains, at the same time claiming rates need to climb, which is usually a signal the economy has begun to overheat. Well, which is it? Cold or over heated?
What do you think? Raise the rate or leave it alone?
Crepitus
12-14-2016, 08:03 AM
Today is pretty important with the inauguration a little over a month from now. Janet has a opportunity to stick it to the President-elect and perhaps send the market into a sell-off frenzy. All the money is on a rate hike. We'll see. We have all the folks saying how lousy the economy remains, at the same time claiming rates need to climb, which is usually a signal the economy has begun to overheat. Well, which is it? Cold or over heated?
What do you think? Raise the rate or leave it alone?
Using this to "stick it" to Trump would be bad.
Although admittedly satisfying.
stjames1_53
12-14-2016, 08:08 AM
Using this to "stick it" to Trump would be bad.
Although admittedly satisfying.
your hatred and bigotry is starting to fill the boots you are wearing..............
Crepitus
12-14-2016, 08:09 AM
your hatred and bigotry is starting to fill the boots you are wearing..............
Again, WTF are you talking about?
Are you even reading what you are replying to?
Fed expected to raise rates for first time in a year....
The Federal Reserve is expected to raise its key interest rate for the first time in a year when its policy meeting ends Wednesday.
The move would lift the rate by a quarter point to a range between 0.5 percent and 0.75 percent, likely nudging up the cost of some consumer and business loans. The Fed last increased rates in December a year ago, when it hiked its benchmark rate from a record low set at the depths of the 2008 financial crisis.
Attention Wednesday will revolve around what Fed official say about the pace of future rate increases against the backdrop of Donald Trump's election. How the Fed manages its policies might not be clear even after it issues a statement and Chair Janet Yellen holds a news conference.....snip~
http://townhall.com/news/politics-elections/2016/12/14/fed-expected-to-raise-rates-for-first-time-in-a-year-n2259698
If she makes it more difficult for people to get Small Business loans. She loses. Also, she said she wouldn't resign. But is expecting her walking papers. This will be her last chance at relevancy. She should make the best of it.
Docthehun
12-14-2016, 08:37 AM
She's got another year in her term; she'll stay. Raising rates will hurt consumers with long term debt with adjustable rates. Student loans, already at high rates, will experience even more defaults. With IBM announcing 25,000 new jobs over the next four years, most will probably go to foreigners on work visas. Last thing we need is for more kids unable to afford college and burying recent grads by adding to their interest expense.
DGUtley
12-14-2016, 09:04 AM
She's got another year in her term; she'll stay. Raising rates will hurt consumers with long term debt with adjustable rates. Student loans, already at high rates, will experience even more defaults. With IBM announcing 25,000 new jobs over the next four years, most will probably go to foreigners on work visas. Last thing we need is for more kids unable to afford college and burying recent grads by adding to their interest expense.
Doc, Trump said he'd kill the H1-B visa program. You are saying he won't?
(...or was that the B1 Bomber program?)
Docthehun
12-14-2016, 09:07 AM
Doc, Trump said he'd kill the H1-B visa program. You are saying he won't?
(...or was that the B1 Bomber program?)
We'll see. The tech giants are headed to NY. I'd say, the program remains alive and well.
trump only hired about 1200 people on h-1b
i'm sure that he'll do what he said he'll do
he's different than the others
he's here to help
Docthehun
12-14-2016, 09:27 AM
Doc, Trump said he'd kill the H1-B visa program. You are saying he won't?
(...or was that the B1 Bomber program?)
By the way, he also promised to pitch Common Core. Seems not everyone agrees.
https://www.yahoo.com/news/common-core-an-unexpected-flashpoint-in-rex-tillersons-potential-nomination-210400098.html
DGUtley
12-14-2016, 09:47 AM
By the way, he also promised to pitch Common Core. Seems not everyone agrees. https://www.yahoo.com/news/common-core-an-unexpected-flashpoint-in-rex-tillersons-potential-nomination-210400098.html
I saw that. I didn't know that CC was a Department of State issue.
Docthehun
12-14-2016, 10:03 AM
I saw that. I didn't know that CC was a Department of State issue.
Rex will make the same arguments as the tech giants. We have to fix our education system come hell or high water.
She's got another year in her term; she'll stay. Raising rates will hurt consumers with long term debt with adjustable rates. Student loans, already at high rates, will experience even more defaults. With IBM announcing 25,000 new jobs over the next four years, most will probably go to foreigners on work visas. Last thing we need is for more kids unable to afford college and burying recent grads by adding to their interest expense.
She stays along as Trump says she stays. It wont be long. Especially, if she hurts Small business.
FindersKeepers
12-14-2016, 10:27 AM
Today is pretty important with the inauguration a little over a month from now. Janet has a opportunity to stick it to the President-elect and perhaps send the market into a sell-off frenzy. All the money is on a rate hike. We'll see. We have all the folks saying how lousy the economy remains, at the same time claiming rates need to climb, which is usually a signal the economy has begun to overheat. Well, which is it? Cold or over heated?
What do you think? Raise the rate or leave it alone?
I think we'll see a raise.
nathanbforrest45
12-14-2016, 11:01 AM
As a side note I received notification from Social Security that my benefits were going to increase. They also stated the amount I would now be paying for Medicare would also increase so the net amount I will be receiving will remain the same. Thanks guys.
donttread
12-14-2016, 02:04 PM
Today is pretty important with the inauguration a little over a month from now. Janet has a opportunity to stick it to the President-elect and perhaps send the market into a sell-off frenzy. All the money is on a rate hike. We'll see. We have all the folks saying how lousy the economy remains, at the same time claiming rates need to climb, which is usually a signal the economy has begun to overheat. Well, which is it? Cold or over heated?
What do you think? Raise the rate or leave it alone?
Interest rates have been kept artifically low for a very long tome. So much for "market forces"
Bethere
12-14-2016, 03:06 PM
Today is pretty important with the inauguration a little over a month from now. Janet has a opportunity to stick it to the President-elect and perhaps send the market into a sell-off frenzy. All the money is on a rate hike. We'll see. We have all the folks saying how lousy the economy remains, at the same time claiming rates need to climb, which is usually a signal the economy has begun to overheat. Well, which is it? Cold or over heated?
What do you think? Raise the rate or leave it alone?
Raise the rates.
Peter1469
12-14-2016, 08:22 PM
She's got another year in her term; she'll stay. Raising rates will hurt consumers with long term debt with adjustable rates. Student loans, already at high rates, will experience even more defaults. With IBM announcing 25,000 new jobs over the next four years, most will probably go to foreigners on work visas. Last thing we need is for more kids unable to afford college and burying recent grads by adding to their interest expense.
Rates should have started going up last year or earlier. You cite to the bad side of artificially keeping rates low. But the harm is much worse. A couple of examples is low rates hurt savers. That is extremely bad for a broad base of people to include people saving for retirement. Also low rates encourage malinvestment: cheap money gets spent with less consideration for long term benefit or gain. In fact there is a huge business debt problem in the West today because of this. It is worse than public debt, because governments can manipulate the currency. Businesses can't.
resister
12-14-2016, 08:25 PM
As a side note I received notification from Social Security that my benefits were going to increase. They also stated the amount I would now be paying for Medicare would also increase so the net amount I will be receiving will remain the same. Thanks guys.
I have noticed any time they give a raise it is a calculated move to cause you to pay more elsewhere.If you want to save 15 % or more on car insurance.....it's just what they do
Docthehun
12-15-2016, 09:28 AM
Rates should have started going up last year or earlier. You cite to the bad side of artificially keeping rates low. But the harm is much worse. A couple of examples is low rates hurt savers. That is extremely bad for a broad base of people to include people saving for retirement. Also low rates encourage malinvestment: cheap money gets spent with less consideration for long term benefit or gain. In fact there is a huge business debt problem in the West today because of this. It is worse than public debt, because governments can manipulate the currency. Businesses can't.
In theory you're correct about the plight of savers. From a practical standpoint, the interest on savings is a relatively small number. Consider the fact that 60% of Americans couldn't come up with $1,000 by the end of the day. In addition, the fact that the Fed raised over night rates for the banks doesn't necessarily prompt an uptick in savings rates. I have three savings accounts at three banks and have received zero increase since the Fed raised .25% last December. The yield on 10 year Treasuries has increased, but the average American doesn't have much money saved, let alone enough to be tying their money up for an extended period. In my opinion, this will only widen the gap between the upper class and everyone else.
Powered by vBulletin® Version 4.1.8 Copyright © 2024 vBulletin Solutions, Inc. All rights reserved.