Yes, I'm referring to the general mood and the buzzwords used by the general-mood setters. GDP by definition is a lagging indicator. By the time it confirms, the trend is well underway.
Who thinks Powell went into hyper dove mode after talking to Yellen about cost to Govt of high rates
- Thread starter David Donner
- Start date
Funny rates were going to the moon, they shouldn't cut too soon, cut too late, now they are cutting for the party in power. Anything else, maybe someone's dog ate Powell last speech so he winged it and will say nevermind over the weekend when he hopes no one is paying attention?
One thing I do know is premium, that my auto uses, is only $3.39 and reg is well under 3 bucks.
Recession might be coming (I'll let the "experts" get it wrong like always) but seems it is already here with the price at the pump.
One thing I do know is premium, that my auto uses, is only $3.39 and reg is well under 3 bucks.
Recession might be coming (I'll let the "experts" get it wrong like always) but seems it is already here with the price at the pump.
You are quoting headline inflation and not core inflation. Core inflation is running at 4%. It´s ridiculous beyond belief that a rate cut discussion is being started NOW, while the Bank of England and ECB have just decided to leave interest rates where they are FOR LONGER. Guess why? It´s called secondary effects of high wages - which spills over into EVERY aspect of daily live.
The FED CLOWN, yes I am talking about Jerome Powell, was CLEARLY politically motivated! As uncle Biden has added another massive $886 billion defense bill to the debt burden! See article below.
Congress passes $886 billion defense policy bill, Biden to sign into law
https://www.cnbc.com/2023/12/14/con...fense-policy-bill-biden-to-sign-into-law.html
You bet your house on that. 100% correct.
I totally agree.
WAL up 10%. FITB up 8%. Pretty much any regional you look at is up at least 5% today.
It is the combination of what is on the books in terms of treasuries and their commercial loan portfolios and mortgage origination is frozen and mortgage refinancing is basically dead. 3 rate cuts would relieve some of that pressure across the board for everything.
Commercial real estate though I would think is the real issue. I am biased because I haven't been to an office since March 2020 and I am never going back to an office. Because of the duration of leases though it will be a very slow moving car crash unless it really is getting sorted out in time but it just doesn't make any sense to me.
WAL up 10%. FITB up 8%. Pretty much any regional you look at is up at least 5% today.
It is the combination of what is on the books in terms of treasuries and their commercial loan portfolios and mortgage origination is frozen and mortgage refinancing is basically dead. 3 rate cuts would relieve some of that pressure across the board for everything.
Commercial real estate though I would think is the real issue. I am biased because I haven't been to an office since March 2020 and I am never going back to an office. Because of the duration of leases though it will be a very slow moving car crash unless it really is getting sorted out in time but it just doesn't make any sense to me.
Thats what I have mentioned many times. In the last year with goods and services increasing in price.....the big Mac meal at $12.99 is NOT coming back down ever. Just like the loaf of bread that is up to $3 from $2.50 or the bad of Brussel sprouts up over 30% in the last year!!!
Prices are now stuck at these levels and are not coming down ever!!!