SaysWho? Posted July 25, 2022 Share Posted July 25, 2022 The rate hikes have been very good for my savings. Interest rate went from 0.7% (one of the highest I could get at the time) to around 1.2%, and with referrals, up to 2.2%. Quote Link to comment Share on other sites More sharing options...
Brian Posted July 25, 2022 Share Posted July 25, 2022 Not surprising car loans are in trouble. Avg sale price of a car is $45k+. Add the fact most of those cars are massive, gas guzzling trucks and SUVs. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted July 25, 2022 Share Posted July 25, 2022 Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted July 26, 2022 Share Posted July 26, 2022 1 Quote Link to comment Share on other sites More sharing options...
Anathema- Posted July 27, 2022 Share Posted July 27, 2022 Fast OR Furious Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted July 27, 2022 Share Posted July 27, 2022 The Fed raised rates by the expected 75 basis points and indicated that it may slow down the pace of rate increases, contingent upon economic data. Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted July 29, 2022 Share Posted July 29, 2022 Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted July 30, 2022 Share Posted July 30, 2022 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted July 30, 2022 Share Posted July 30, 2022 They’re always using shrinkflation. You look at the legal limitations to what you can advertise and then your mfg capability to hit the low end of spec! Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted July 31, 2022 Share Posted July 31, 2022 Anyone buy a loaf of bread recently? Now it has an odd number of slices so you're left with one piece of bread at the end. Quote Link to comment Share on other sites More sharing options...
Jason Posted July 31, 2022 Share Posted July 31, 2022 4 minutes ago, Keyser_Soze said: Anyone buy a loaf of bread recently? Now it has an odd number of slices so you're left with one piece of bread at the end. I wouldn't know because I only use one slice of bread at a time. 1 3 Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted July 31, 2022 Share Posted July 31, 2022 35 minutes ago, Keyser_Soze said: Anyone buy a loaf of bread recently? Now it has an odd number of slices so you're left with one piece of bread at the end. Carbs are bad 1 Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted August 5, 2022 Share Posted August 5, 2022 Americans’ household debt surpasses $16T for first time THEHILL.COM Total household debt for Americans has risen to a record $16 trillion, according to a report from The Federal Reserve Bank of New York, as Americans grapple with inflation and rising costs. “Americ… Quote Credit card balances went up by $46 billion, one of the largest recorded by the NY Fed since 1999, “at least partly reflecting inflation on consumer goods and services purchased using credit cards,” the researchers wrote. Quote Link to comment Share on other sites More sharing options...
gamer.tv Posted August 5, 2022 Share Posted August 5, 2022 It’s reassuring that underneath it all, the US is as fucked as the UK. I’m literally counting down the days until either the UK government announces. Comprehension package of support for everyone from this October (when my gas and electric bill may well triple) or how they’re going to weather the storm of a lot of people dying from the elements or malnutrition. It doesn’t really feel like a UK scenario to face but, here we are… Quote Link to comment Share on other sites More sharing options...
Jason Posted August 6, 2022 Share Posted August 6, 2022 How Argentines Cope With Inflation That’s 64% and Rising - The New York Times WWW.NYTIMES.COM With the world grappling with rising prices, a tour through Argentina reveals that years of inflation can give rise to a truly bizarre economy. Quote Link to comment Share on other sites More sharing options...
rc0101 Posted August 9, 2022 Share Posted August 9, 2022 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted September 7, 2022 Share Posted September 7, 2022 The Fed isn't letting up at all it appears: Market bracing for another three-quarter point hike from the Fed this month WWW.CNBC.COM The probability of a three-quarter point hike moved to 82% on Wednesday morning, according to the CME Group. Quote Traders are now seeing a near certainty that the Federal Reserve enacts its third consecutive 0.75 percentage point interest rate increase when it meets later this month. The probability of a three-quarter point hike moved to 82% on Wednesday morning, according to the CME Group’s FedWatch tracker of fed funds futures bets. That follows a series of positive economic data and statements from Fed officials indicating that tight policy is likely to persist well into the future. In a pivotal speech Aug. 26, Fed Chairman Jerome Powell warned that increases will proceed and higher rates likely will stay in place Even as traders ramped up their bets on Fed tightening, stocks were higher shortly after the market open. A Wall Street Journal report noting the likelihood of a 0.75 percentage point increase coincided with traders pricing in the more aggressive move, and stock futures momentarily slipped. Quote Link to comment Share on other sites More sharing options...
CayceG Posted September 7, 2022 Share Posted September 7, 2022 Interest rate hikes will continue until labor is sufficiently brought to heel. 1 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted September 7, 2022 Share Posted September 7, 2022 Canada just raised by .75 Quote Link to comment Share on other sites More sharing options...
rc0101 Posted September 7, 2022 Share Posted September 7, 2022 29 minutes ago, Commissar SFLUFAN said: The Fed isn't letting up at all it appears: Market bracing for another three-quarter point hike from the Fed this month WWW.CNBC.COM The probability of a three-quarter point hike moved to 82% on Wednesday morning, according to the CME Group. Absolutely wild Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted September 7, 2022 Share Posted September 7, 2022 1 hour ago, rc0101 said: Absolutely wild Fed Vice Chair Brainard vows 'we are in this for as long as it takes' to stop inflation WWW.CNBC.COM Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she said is hurting lower-income Americans the most. Quote Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she said is hurting lower-income Americans the most. That will mean more interest rate increases and keeping rates higher for longer, she said in remarks prepared for a speech in New York. “We are in this for as long as it takes to get inflation down,” the central bank official said, just two weeks before the Fed’s next policy meeting. “So far, we have expeditiously raised the policy rate to the peak of the previous cycle, and the policy rate will need to rise further.” This has effectively turned into a crusade/jihad for the Fed. Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted September 7, 2022 Share Posted September 7, 2022 Googles high yield savings accounts. Quote Link to comment Share on other sites More sharing options...
Jason Posted September 7, 2022 Share Posted September 7, 2022 1 hour ago, Commissar SFLUFAN said: Fed Vice Chair Brainard vows 'we are in this for as long as it takes' to stop inflation WWW.CNBC.COM Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she said is hurting lower-income Americans the most. This has effectively turned into a crusade/jihad for the Fed. What's gonna really fuck lower income Americans is suppressing new housing starts while simultaneously pushing ever more people out of the buying market and into the rental market. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted September 8, 2022 Share Posted September 8, 2022 Man, they're REALLY on a kick, ain't they?!? Fed Chair Powell vows to raise rates to fight inflation 'until the job is done' WWW.CNBC.COM Federal Reserve Chair Jerome Powell spoke Thursday with the Cato Institute, a Washington, D.C.-based think tank. Quote Federal Reserve Chair Jerome Powell in an appearance Thursday emphasized the importance of getting inflation down now before the public gets too used to higher prices and comes to expect them as the norm. In his latest comments underlining his commitment to the inflation fight, Powell said expectations play an important role and were a critical reason why inflation was so persistent in the 1970s and ’80s. “History cautions strongly against prematurely loosening policy,” the central bank leader said in a Q&A presented by the Cato Institute, a libertarian think tank based in Washington, D.C. “I can assure you that my colleagues and I are strongly committed to this project and we will keep at it until the job is done.” Quote Link to comment Share on other sites More sharing options...
Massdriver Posted September 8, 2022 Share Posted September 8, 2022 I think they’re coming out strong because the bond market didn’t believe them. It was pricing in rate cuts next year. That’s starting to change. The Fed wants to put the brakes on inflation because they’re worried consumers will start to expect high prices long term which destabilizes the currency. They’re willing to trigger a recession to prevent this because they see it as the lesser evil. 3 Quote Link to comment Share on other sites More sharing options...
rc0101 Posted September 13, 2022 Share Posted September 13, 2022 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted September 13, 2022 Share Posted September 13, 2022 inflation will never get in check unless we build more homes, full stop Quote Link to comment Share on other sites More sharing options...
Jason Posted September 13, 2022 Share Posted September 13, 2022 9 minutes ago, b_m_b_m_b_m said: inflation will never get in check unless we build more homes, full stop Good thing the Fed's rate homes are suppressing new housing starts. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted September 13, 2022 Share Posted September 13, 2022 15 minutes ago, eViLgReEnMoNkEyS said: I'm still waiting for Biden's Inflation Reduction Act to, you know, reduce inflation. PrEsIdEnT rOoSeVeLt DeClArEd WaR oN jApAn AnD gErMaNy LaSt MoNtH aNd YeT tHe WaR sTiLl RaGeS oN. wHy Is FdR a ToTaL fAiLuRe??? 2 1 Quote Link to comment Share on other sites More sharing options...
stepee Posted September 13, 2022 Share Posted September 13, 2022 22 minutes ago, eViLgReEnMoNkEyS said: I'm still waiting for Biden's Inflation Reduction Act to, you know, reduce inflation. You expected it to significantly reduce our share of the global inflation we are experiencing, as we still crawl out of a pandemic, in two weeks? There’s your problem right there man, just complete detachment from the reality of how anything actually works irl. Now, IRA wasn’t really so much about its namesake, that’s pure branding, but expecting things to work that quickly for anything in life is a purely personal problem that you will need to work on. I feel like the world is probably really scary and confusing for you because you don’t really have the basics of life worked out yet. As if, mentally, you were still an infant in many ways. Honestly, I would consider going back to basics and learning some fundamentals before trying to express any further opinions, as I think you are doing yourself a disservice by presenting some sort of cartoonish buffoon to the world, and I don’t think thats what you are aiming for. Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted September 13, 2022 Share Posted September 13, 2022 It's going to be weird over the next decade to see renewable energy prices and products come down and insulin prices come down and drug prices come down from Medicare and watch monkeys congratulate whoever the next Republican president is due to his inability to understand cause and effect. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted September 13, 2022 Share Posted September 13, 2022 2 minutes ago, SaysWho? said: It's going to be weird over the next decade to see renewable energy prices and products come down and insulin prices come down and drug prices come down from Medicare and watch monkeys congratulate whoever the next Republican president is due to his inability to understand cause and effect. A lot of the electorate is as brain addled as monkeys. 1 Quote Link to comment Share on other sites More sharing options...
Anathema- Posted September 13, 2022 Share Posted September 13, 2022 53 minutes ago, eViLgReEnMoNkEyS said: I'm still waiting for Biden's Inflation Reduction Act to, you know, reduce inflation. It only reduces inflation in the first four months if you voted for Biden, sorry 1 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted September 13, 2022 Share Posted September 13, 2022 Inflation is gonna get real fun when rail workers go on strike this weekend Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted September 13, 2022 Share Posted September 13, 2022 1 hour ago, eViLgReEnMoNkEyS said: I'm still waiting for Biden's Inflation Reduction Act to, you know, reduce inflation. Ever gonna address the actual sex trafficking ring you pos? anyway, this news definitely hurt my portfolio today but… buying opportunity bitches. Especially since I just paid off the renovations on the house. This entire check is going directly into my brokerage. Quote Link to comment Share on other sites More sharing options...
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