An emergency rate cut Elizabeth Warren wants...absolutely hilarious

S

S2007S

Markets at historical highs, consumers spending money on Uber eats, new cars, houses selling in 2 dsys as all cash buyers own the markets....restaurants packed, live events selling out at unbelievable ticket prices, wallstreet earnings with stocks consistently making new highs day after day and she's begging for an emergency rate cut ....

unbelievable idiotic foolishness



Elizabeth Warren calls for emergency-like Fed rate cut ASAP
By Matt Egan, CNN
3 minute read
Updated 6:24 AM EDT, Tue September 17, 2024


https://www.cnn.com/2024/09/17/economy/fed-rate-cut-elizabeth-warren/index.html
 
S2007S said:
Elizabeth Warren calls for emergency-like Fed rate cut ASAP
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I would understand, with a little cringe, if Warren was from some boondock cowboy state. But a fine lady like her, representing the state of Massachusetts where all the top nerds get their education, making such a stupid comment is not even shocking. Who is her advisor anyway?

That said, she's hardly worse than some of the Republicans, who wants to abolish the Federal Reserve outright. Just imagine what they will do with that money printer.
 
schizo said:
I would understand, with a little cringe, if Warren was from some boondock cowboy state. But a fine lady like her, representing the state of Massachusetts where all the top nerds get their education, making such a stupid comment is not even shocking. Who is her advisor anyway?

That said, she's hardly worse than some of the Republicans, who wants to abolish the Federal Reserve outright. Just imagine what they will do with that money printer.
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Thr federal reserve is here to stay, the risk to reward isn't worth it as the fed does its job of propping up wallstreet. Without the fed stocks would be worthless, that printing press works wonders and I honestly can't wait till they print more trillions.

Amazing how we can print unlimited greenbacks and have only the slightest inflation rates of 2 to 3%.....

And I always wonder why Venezuela and Zimbabwe can't copy our economic polices and do what we do and take down their million percent inflation to 3% like ours...
 
S2007S said:
Thr federal reserve is here to stay, the risk to reward isn't worth it as the fed does its job of propping up wallstreet. Without the fed stocks would be worthless, that printing press works wonders and I honestly can't wait till they print more trillions.

Amazing how we can print unlimited greenbacks and have only the slightest inflation rates of 2 to 3%.....

And I always wonder why Venezuela and Zimbabwe can't copy our economic polices and do what we do and take down their million percent inflation to 3% like ours...
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Not according to Trump. He wants to shut down the Fed and set the rates himself.
 
schizo said:
Not according to Trump. He wants to shut down the Fed and set the rates himself.
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I would absolutely enjoy seeing this happen only because it would never happen. As I recall every single politician is all TALK and zero action.
 
Another article on it wrote this, which could actually be a bit savvy if it is her plan

What’s Warren’s Angle?
  • Help Kamala Harris

  • Ask for 75 basis points to make 50 basis points look like the middle ground.
More...
 
S2007S said:
Amazing how we can print unlimited greenbacks and have only the slightest inflation rates of 2 to 3%.....

And I always wonder why Venezuela and Zimbabwe can't copy our economic polices and do what we do and take down their million percent inflation to 3% like ours...
More...

It's because we're the world reserve currency. This is why it was so idiotic of Biden to seize $300 Billion USD from Russia. Other country's see this and think what's to stop us from doing it to them. These country's divest their USD and it becomes this huge bloat of USD supply abd that inflation you speak of in Venezuela becomes a USA problem.

People complain about Trump threatening tariffs on any country that nix's the USD because they say the company's will just pass the cost on to US consumers. But they have no understanding of the tariff's purpose. This makes US competitors products able to compete and forces the tariff country to either eat the tariff cost or shed marketshare. Would you choose a Chinese wrench over an American wrench if they both cost the same? There's a reason the Biden Administration kept Trump tariffs in place while Kamala tries to point at them and pretend it isn't so.
 
The Fed needs to stop pussy footing around.

Cut rates back to near 0% asap.

Inflation is over, will be back below 2% soon.

And it was a transitory supply side issue due to covid anyway.

That kind of Inflation is not coming back anytime soon.
 
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On the flip-side, she should come and see the disaster in Canada. We are already in recession. Libtard government tries to hide it by masking it with the immigration crisis stats, but the GDP per capita numbers do NOT lie. We are in negative territory and the worst of all the G7 nations.

And by the way, we also own our own printer too. That didn't work out so well...
 
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