Still desperate for rate cuts ....

[Cabin1111]

I'm doing well with the high rates...

CDs, US Treasure Bonds...Mid inflation.

Now, when I choose a treasure, I go for the highest yield (between 3-9 months). I feel they are going to stay high...Because of the US borrowing/inflation.

I grab the best rate and hope they continue to stay high...Prove me wrong Fed!!

 

[TheDawn]

All of this is just the end result of giving bailouts to preferred classes of people aka the Banking class. Once the bailouts begin they never end until everyone is bailed out. First the Bankers & Auto companies, then Airlines with no savings to continue in a downturn, small businesses, etc.

The truth is there has to be losses in a Capitalist system. You need a reset especially from idiots who can't manage risk like the whole banking sector -- Masters of The Universe indeed. If you can't manage risk then why are you running trillion dollar companies? The same goes for the Airline industry who can't wait to pay CEOs ungodly amounts of money but have less savings than the average person for a rainy day.

And then there is that loser Greenspan who admitted he was wrong about humans policing themselves when it came to greed. Yellen & Bernanke are the same. When your leaders are idiots it always trickles down to the populace.

Moral Hazard has arrived.

Yeah but the problem is we are always the victims of the reset bearing the losses. ResYou think those big corporations, banks ever lose? No they don't. They've got the government in their pocket writing laws making sure they don't lose, bail them out when they screw up. No they are too big to fail while we are small enough to pay up.

 

[murray t turtle]

Yeah but the problem is we are ...... of the reset bearing the losses. ResYou think those big corporations, banks ever lose? No they don't. They've got the government in their pocket writing laws making sure they don't lose, bail them out when they screw up. { No they are too big to fail while we are small enough to pay up. }

%%
TRUE, mostly;
ABA is known as powerful lobby + big bucks, same with NRA+ GOA.
''Too big to fail'' is a broadbrush we use a lot, true a lot + untrue a lot ;
+ did not work well\ bankruptcies for BEAR, LEH, DAL, AMR,IMB[indy mac bank]ENRON-con.
BEAR did get a bit more pennies on stock price LOL, but like JPM noted ''you dont pay up for house on fire.''
FDIC does need to protect deposits, even though in some cases all the banks pay up inFDIC premiums+ many thousands lose jobs.
DONT NEED no rockin' chair\
Gerital or Medicare\
Polar bear need a Frigidaire\
like we need Medicare. G Jones Song >3,777,777 VideoV hits.
With Pig Robbins on piano LOL

 

[Haywood]

Correct. OrangeMan gave out far more stimulus (tax cuts for the 1%ers, checks for the rest of us) than Biden one check and Chip Factory subsidies. Buck keeps getting passed.

Everyone grips but no one really wants to make sacrifices.

Another Trump(aka OrangeMan by Nitrene) hater. I suspect. Geez!

 

[murray t turtle]

No mortgage I chose to pay off my house one thing that I see happen all the time is Lifestyle creep. People make more and more money yet spend and borrow more and more, upsize etc.. and get stuck in the hamster wheel and never happy with what they have. Financial freedom and not worrying about the roof over your head is priceless. I want nothing to do with the bullshit rat race and having to deal with some sociopath boss that failed upward lording over you etc..

For example Boats, I prefer to charter a boat have my fun and get the satisfaction of just walking away and driving home without the worries of boat payments and maintenance headaches, cleaning and prepping after the trip etc… every minute that boat sits in your property is money wasted doing nothing

There are a lot of folks to blame for this Inflation and its not just Joe Biden, ever sense we went into years and years of ZIRP and bank bailouts,corporate bailouts, wallstreet bailouts we kept kicking the can down the road and now the chickens have come to roost.

%%
Good plan.
YOU can always get another mortgage if you HATE being debt free LOL

 

[The_Krakenite]

its not just Joe Biden

Who was it that set up the open-border policy of every illegal gain free healthcare, free cash, free housing (5-star hotels), free free free (yet the taxpayer who funds it is left homeless).

Who is it that allows those with a criminal history 20 pages long to still be welcomed with open arms.

Who is it who is letting the cartels just walk across the border daily with tons of drugs.

Who is it that keeps printing, and printing, and printing for yet another war, while continually messing it all up with failed policies that just keep making Russia stronger?

Who is it that cancelled the Keystone (because we don't want cheap oil/products?)

Who is it that...

Never mind. Voting has consequences. You brought this hell upon yourselves America. Now suck it up!

 

[SunTrader]

MAGA's to the left of me, MAGA's to right of me and MAGA's to the north of me.

No limits to the number of clueless, look at me I'm angry types.

Meanwhile I hope JayPow holds the line on rates (till at least the fall) and eff's the other geniuses - Wall Street - over.

 

[nitrene]

Yeah but the problem is we are always the victims of the reset bearing the losses. ResYou think those big corporations, banks ever lose? No they don't. They've got the government in their pocket writing laws making sure they don't lose, bail them out when they screw up. No they are too big to fail while we are small enough to pay up.

You're right of course , history proves it. Unfortunately what you describe is a Democracy turned Oligarchy and it won't end well. Best we can hope for is a real economic collapse so real change can finally arrive.

Obama should have been that person but he was more Hoover than FDR. Instead of prosecuting the GFC scammers he just gave empty speeches about what the bankers did but rubber stamped every bailout he could. The AG could have easily made a RICO case for the whole industry just like Bush did to Arthur Andersen & Reagan did to Drexel & Milken. I guess the lure of easy bribe money was too great for Obama & his cronies.

 

[TheDawn]

You're right of course , history proves it. Unfortunately what you describe is a Democracy turned Oligarchy and it won't end well. Best we can hope for is a real economic collapse so real change can finally arrive.

Obama should have been that person but he was more Hoover than FDR. Instead of prosecuting the GFC scammers he just gave empty speeches about what the bankers did but rubber stamped every bailout he could. The AG could have easily made a RICO case for the whole industry just like Bush did to Arthur Andersen & Reagan did to Drexel & Milken. I guess the lure of easy bribe money was too great for Obama & his cronies.

Yeah looking from hindsight, he should've targeted his regulations more specifically to address the over-leveraging of the MBS and not just blankedly punish everybody. That would've been lot more effective. And the approval for the bailout is just ridiculous! Seriously if we have to eat our own losses when we trade, why shouldn't they? Just because they are too big to fail?

 

[The_Krakenite]

Fun fact, Geithner said they didn't go after the banksters, because the team was more focused on trying to avoid the world from melting down, rather than pointing fingers...

Another fun fact, Geithner also got into troubles for tax-evasion...