Politics and Religion

Re: Update Dow is down 800 points. [e]
edinathens 52 reads
posted


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Producer prices were up .7% in February and 3.4% year over year. The markets are off strongly on this news because the assumption now is there will be no further rate cuts from the Fed until late this year or early next. Will Trump now fire the head of the BLS? Oh, right, he already did that.

Which could happen if Trump's handpicked Fed Chairman lowers interest rate despite what the economic data indicate.

If Trump cuts rates or has someone cut rates.... IT IS BULL SHIT.

 
Cutting interest rates injects the economy with cheap money and artificially inflates numbers (GDP).   It is like when Biden hired people on the federal level to inflate job numbers.   It is all artificial and manipulation.

 

PLUS lowering interest rates wont do shit for making housing more affordable.    

All he really know, being in real estate is when rates are low, property values increase. If you have money, you have buying power. This is what he's done his whole life. So to him, lower interest rate is what drives his world.

It isn't just about "real estate".    Lower interest rates inject "CHEAP" money into the economy.   People refinance to go buy a vehicle, vacation, etc.     People "lower" payments to spend that 'savings" elsewhere.   It means lower car loan rates, personal loan rates, etc.      

 
US population has a savings problem.  PEOPLE DONT SAVE.    The majority of people if they save $100 on a payment they will just blow it elsewhere.  

 
Also lower interest rates actually increase buying power for EVERYONE.     not just the "rich" like you want to claim.   If you are qualified for a lower home at a high interest rate.... lower rates increase the price point of what you can afford.    Also lower interest rates don't always mean "higher property values" or "values will increase".    When the economy is GREAT and interest rates are low.... Yes it does.   But if the economy is stagnant, it wont do anything.   Zillow and NAR just dropped the projections of home value increase by about .1%.   It went from something like .9% to .8%   In December it was 1.2% projection, so you can see the trend.   You might not say that is a lot.   But that is an average with the whole market in the USA.  Some area's it is even greater.  

If not monitored or tied to other factors such a unemployment rate to name one. And of course this war and the tariffs aren't helping.
This is why the fed chair is reluctant to just lower rate Willy-nilly  per trumps whim. There needs to be an adult in the room. Inflation hurts the poor/middle class harder then say, trump rich friends

unemployment rate doesn't matter as much when deciding about "interest rates".     If you are unemployed you won't be getting a loan.    Sorry those are FACTS.   Why do you think they ask for current and past pay stubs.   Hell be a small business owner and see what they make you jump thru.

 
Inflation hurts EVERYONE.   When poor/middle class get hit with inflation so does the "rich".    It is people spending less....period.    When the one group stops spending it hits the upper group because of the business they own, have stock in, etc.      

 
"WAR" typically helps with unemployment and jobs.   It typically/historically boosts industry.   Since it needs people to fill spots that are vacated by soldiers deployed, it boosts making of things for the war, etc.

I'm gonna try to keep it simple...
Unemployed you won't be getting a loan. Well credit cards will still give you a loan, or some will
Big purchases like house, car,yes you probably won't get a loan without the paystubs but they are ways around that if you know the right mortgage broke for a home and if you're willing to pay a higher interest on a car, those can be done. With laws scaling back on predatory loans, this type of loans without or false paystubs will be more prevalent.
And really, do you think the rich feel the inflation the same as the poor, do they scale back like the poor? really?? what world do you live in?

WTF are you babbling about? Where did you study economics? With the exception of factories that build munitions and the military industrial complex, war doesn't help with jobs. The taxpayers are funding the cost of war to the tune of $1 billion + a day. There's a billion better uses of that money to help the American people.  

This is the guy Trump wants to prosecute and fire before his term ends May 15, 2026. From Seeking Alpha news . . .  
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About 60% of the current S&P 500 (SP500) stocks are up at least 100% since Federal Reserve Chair Jerome Powell became chair on Feb. 5, 2018.
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In addition, 17 companies are up more than 1,000%, including Comfort Systems (FIX), which is actually beating Nvidia (NVDA) in performance since early February 2018, up 3,555% vs. +3,314%, according to data as of Friday morning.
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The S&P 500 (SP500) has increased 147.2% since the close of Feb. 5, 2018, to now.

Market is factoring in potential rate hike to fight inflation.

-- Modified on 3/27/2026 5:56:30 PM

To bring the marker up? He can say the war is over. Or "I'm suspending all tariffs and or the straits are open now",. Wonder if all that would that be believable?
Looking to see what he says to get the futures up.
He is good at market manipulation but.. has the "Boy who cried wolf" finally catching up to him?

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