*Investors Blog*

PimTac said:
According to Scrooge and the gang the economy is booming and the best we’ve had in years. So why is the Fed planning on raising rates again by 75 basis points? 🧐
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My initial response would surely result in a justifiable multi-month "vacation" from posting.
Upon further reflection, let me just say the Fed's actions indicate they feel inflation is not temporary, is of a higher magnitude, and is more of a threat to the economy than others would have us believe.
 
PimTac said:
According to Scrooge and the gang the economy is booming and the best we’ve had in years. So why is the Fed planning on raising rates again by 75 basis points? 🧐


https://www.cnbc.com/2022/09/07/mar...arter-point-hike-from-the-fed-this-month.html



“You were under the impression
That when you were walking forward
You'd end up further onward”
Click to expand...
To curb inflation and avoid the boroader economy into a recession tailspin. Of course it is too early to tell, but we are so far seeing a soft landing.
 
redhat said:
Folks - a question out of sheer ignorance -- to potentially weather recessions, what are simple items that one can do?

Carry minimal debt and remain at a stable job? I am shaping up to where soon here I will only have a mortgage
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Debt becomes a very bad thing when the payments become un affordable.
 
PandaBear said:
What people tends to forget is, both economic collapse and hyper inflation are bad for long term economy. It is healthy to have growth and recession and we are sort of overdue for one.

We will have a recession or depression, just not sure how big and when, to clear out the garbage in our economy (crypto? NFT? failing tech startup?), reset some debt and wipe out some greedy folks' life savings, then start another cycle with a clean slate.

Eventually it has to happen, the longer you postpone it the bigger the bubble and the bigger the crash.
Click to expand...
Wash rinse and repeat ,,,, again . Buy high and sell low !
 
dishdude said:
What in the article is inaccurate?
Click to expand...
"The US inflation rate is 8.5%, and probably on the way down."
(All the political junk which I won't cite for BITOG reasons giving credit to his boy)
Comparisons....bleh..........sure which do not make it better............

https://www.thegatewaypundit.com/20...ible-strike-costing-us-economy-2-billion-day/

+++++++++++++++++++++++++++++++++++++++
I still maintain jacking rates won't work. I said that months ago.



Yeah sure we are better here because we have not gone full socialist YET. And that's all I will say.
 
Pablo said:
"The US inflation rate is 8.5%, and probably on the way down."
(All the political junk which I won't cite for BITOG reasons giving credit to his boy)
Comparisons....bleh..........sure which do not make it better............

https://www.thegatewaypundit.com/20...ible-strike-costing-us-economy-2-billion-day/

+++++++++++++++++++++++++++++++++++++++
I still maintain jacking rates won't work. I said that months ago.



Yeah sure we are better here because we have not gone full socialist YET. And that's all I will say.
Click to expand...

All these issues are global and the US is weathering them better than other countries around the world.
 
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