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Re: US Politics Thread
mitchejw wrote:Smoking Guns wrote:So you think the tax cuts means we had to have 8 rate hikes in 22 months?
The same people telling you the rate hikes are egregious were the same ones who were angry when it was lowered.
https://www.thebalance.com/fed-funds-ra … ws-3306135
You can look at this link and see how foolish your argument is....or you can do what you alway do and dig in your heels.
The current rate is historically low. You have every right to deny it. Just like you have every right to be wrong.
If you look at your own link, look at home sales when they drastically raised the rate after the 2001 recession... lol guess what they did to help, LOWERED THE RATE AGAIN. why not just get to a nice rate that isn’t too low or night and sit out for awhile instead of all this yo-yo shit.
Why are we talking about home sales now? For the last ten posts all we’ve been talking about is the federal reserve interest rate.
- Smoking Guns
- Rep: 330
Re: US Politics Thread
Smoking Guns wrote:mitchejw wrote:The same people telling you the rate hikes are egregious were the same ones who were angry when it was lowered.
https://www.thebalance.com/fed-funds-ra … ws-3306135
You can look at this link and see how foolish your argument is....or you can do what you alway do and dig in your heels.
The current rate is historically low. You have every right to deny it. Just like you have every right to be wrong.
If you look at your own link, look at home sales when they drastically raised the rate after the 2001 recession... lol guess what they did to help, LOWERED THE RATE AGAIN. why not just get to a nice rate that isn’t too low or night and sit out for awhile instead of all this yo-yo shit.
Why are we talking about home sales now? For the last ten posts all we’ve been talking about is the federal reserve interest rate.
Because our economy and housing sales are so tightly connected. As rates go up, homes sales go down... when home sales go down we usually fall into a recession. All the industries that support new homes are affected when rates change too fast or slow. These questions can’t be serious.
Re: US Politics Thread
mitchejw wrote:Smoking Guns wrote:If you look at your own link, look at home sales when they drastically raised the rate after the 2001 recession... lol guess what they did to help, LOWERED THE RATE AGAIN. why not just get to a nice rate that isn’t too low or night and sit out for awhile instead of all this yo-yo shit.
Why are we talking about home sales now? For the last ten posts all we’ve been talking about is the federal reserve interest rate.
Because our economy and housing sales are so tightly connected. As rates go up, homes sales go down... when home sales go down we usually fall into a recession. All the industries that support new homes are affected when rates change too fast or slow. These questions can’t be serious.
I realize that the two topics are related but it’s a direct inconsistency in your argument.
You’re asking the government to intervene in your market in a way that positively effects you. Think about that for a second.
- Smoking Guns
- Rep: 330
Re: US Politics Thread
Smoking Guns wrote:mitchejw wrote:Why are we talking about home sales now? For the last ten posts all we’ve been talking about is the federal reserve interest rate.
Because our economy and housing sales are so tightly connected. As rates go up, homes sales go down... when home sales go down we usually fall into a recession. All the industries that support new homes are affected when rates change too fast or slow. These questions can’t be serious.
I realize that the two topics are related but it’s a direct inconsistency in your argument.
You’re asking the government to intervene in your market in a way that positively effects you. Think about that for a second.
No am not. I am just saying to rock the boat. Look what happened today. Fed announced they are going to be more cautious on rate hikes and the stock market rallie back hard today.
Re: US Politics Thread
mitchejw wrote:Smoking Guns wrote:Because our economy and housing sales are so tightly connected. As rates go up, homes sales go down... when home sales go down we usually fall into a recession. All the industries that support new homes are affected when rates change too fast or slow. These questions can’t be serious.
I realize that the two topics are related but it’s a direct inconsistency in your argument.
You’re asking the government to intervene in your market in a way that positively effects you. Think about that for a second.
No am not. I am just saying to rock the boat. Look what happened today. Fed announced they are going to be more cautious on rate hikes and the stock market rallie back hard today.
First of all...i don’t care one bit about the stock market
Second....what does the stock market have to do with whether or not interest rates should change?
Re: US Politics Thread
I just wanna gauge something real quick: Is pardoning your son who committed crimes while working on your own election campaign a hands-down, stone cold lock for impeachment?
Cause I think that's where this is going. (Among other things, possibly worse)
Re: US Politics Thread
Trump tweets that the media is the enemy of the people, and immediately CNN is forced off the air because of two bomb threats.
It’s hard to articulate how big a piece of shit Trump is, how dangerous he is and what an utter failure he’s been.
How anyone supports him or the complicit GOP baffles me.
Re: US Politics Thread
mitchejw wrote:Smoking Guns wrote:Because our economy and housing sales are so tightly connected. As rates go up, homes sales go down... when home sales go down we usually fall into a recession. All the industries that support new homes are affected when rates change too fast or slow. These questions can’t be serious.
I realize that the two topics are related but it’s a direct inconsistency in your argument.
You’re asking the government to intervene in your market in a way that positively effects you. Think about that for a second.
No am not. I am just saying to rock the boat. Look what happened today. Fed announced they are going to be more cautious on rate hikes and the stock market rallie back hard today.
The stock market on the day Trump signed the tax bill: 24,754
— Brian Klaas (@brianklaas) December 6, 2018
The stock market today, nearly a year later: 24,480.
That's a decrease of 1.1% since the tax bill was signed. And in the meantime, the US debt is exploding at an even more unsustainable rate.
- Smoking Guns
- Rep: 330
Re: US Politics Thread
Smoking Guns wrote:mitchejw wrote:I realize that the two topics are related but it’s a direct inconsistency in your argument.
You’re asking the government to intervene in your market in a way that positively effects you. Think about that for a second.
No am not. I am just saying to rock the boat. Look what happened today. Fed announced they are going to be more cautious on rate hikes and the stock market rallie back hard today.
First of all...i don’t care one bit about the stock market
Second....what does the stock market have to do with whether or not interest rates should change?
1) That is fair
2) Well, the market is acting erratic due in part by the Fed. I am not going to explain this again. They know how fast a recession can come by raising rates too high.
