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Started By
Message
Powell no longer believes inflation will reduce
Posted on 5/14/24 at 10:07 am
Posted on 5/14/24 at 10:07 am
30
Posted on 5/14/24 at 10:09 am to RaoulDuke504
No shite
Posted on 5/14/24 at 10:09 am to RaoulDuke504
The economy is fine*
*lol jk
*lol jk
Posted on 5/14/24 at 10:10 am to RaoulDuke504
I thought inflation was transitory?
Posted on 5/14/24 at 10:12 am to jamboybarry
Tell me how someone making 50k a year can afford:
Rent/Mortgage
Car Payment
Groceries
Basic necessities of life.
Wages sure as hell are not going up!
Rent/Mortgage
Car Payment
Groceries
Basic necessities of life.
Wages sure as hell are not going up!
Posted on 5/14/24 at 10:12 am to RaoulDuke504
Translation:
No rate cuts
No rate cuts
Posted on 5/14/24 at 10:12 am to RaoulDuke504
It only years for him to come to this conclusion. These are our best and brightest, folks.
Posted on 5/14/24 at 10:13 am to BearCrocs
quote:
Tell me how someone making 50k a year can afford: Rent/Mortgage Car Payment Groceries Basic necessities of life. Wages sure as hell are not going up!
I make 75k a year and still struggle with no kids.you need to make 100k to be middle class now
Posted on 5/14/24 at 10:15 am to Figgy
Do you believe Jay Powell says what’s he’s really thinking in these press conferences? 
They have hundreds of people in a boardroom debating single word changes for FOMC releases
They have hundreds of people in a boardroom debating single word changes for FOMC releases
Posted on 5/14/24 at 10:15 am to RaoulDuke504
quote:
I make 75k a year and still struggle with no kids.you need to make 100k to be middle class now
Truth here in TX. May be better in other states. But I can tell you under 75k is rough with kids. We are living in bizzarro world at this point.
Posted on 5/14/24 at 10:17 am to RaoulDuke504
Powell is full of shite. He knew in a mid-term year of 2022 that Biden's handlers gave him the greenlight to raise rates in a year where you normally don't see steady hikes at just about every single Fed meeting for that entire year...BECAUSE Biden was raiding the SPR monthly to artificially lower the biggest lifeblood commodity we have as a service based economy - O&G. Powell is not dumb, he knew the rubber-band effect this would have, but he was a good little puppet who only officially got nominated as the Fed Chairman in Nov. 2021 -- 11 months after Potato took office and declared all inflation to only be transitory.
Posted on 5/14/24 at 10:18 am to RaoulDuke504
quote:
I make 75k a year and still struggle
I am low income. Saved up 24K for a new house. Pre-covid they were selling for about 60K... Now they are up to 225K... Tripled.
20 years worth of saving down the toilet in just a 3 years. Biden has destroyed the saving of us Boomers. Made it worthless.
All a freaking ploy dues to a biological weapon to destroy this economy in the USA and it did a great job.
I have trouble believing that there are Democrats that say Biden is doing a good job in this mess but there are.
Posted on 5/14/24 at 10:19 am to RaoulDuke504
2% target is never happeneing
Watch the goalposts move on that number
Fink already started the convo
Watch the goalposts move on that number
Fink already started the convo
Posted on 5/14/24 at 10:19 am to RaoulDuke504
Joe Biden is gonna have a hard time coming up with an incoherent argument as to why this is Trump’s fault.
Posted on 5/14/24 at 10:20 am to RaoulDuke504
Money printer go brrrrrr!
Problem fixed!
Problem fixed!
Posted on 5/14/24 at 10:22 am to TDsngumbo
quote:
Joe Biden is gonna have a hard time coming up with an incoherent argument as to why this is Trump’s fault.
It's kind of both of their faults, considering both signed off on trillions of government spending during COVID that had no economic productivity associated with it, resulting in the inflation we've been dealing with over the last three years.
Why either of these guys is a choice for President blows my mind.
Posted on 5/14/24 at 10:23 am to TDsngumbo
quote:
Joe Biden is gonna have a hard time coming up with an incoherent argument as to why this is Trump’s fault.
The inflation we have experienced the last 3 years is BOTH Biden and Trump's fault. One started it the other kept the fire going.
Posted on 5/14/24 at 10:25 am to RaoulDuke504
turns out, gaslighting for 4 years doesn't magically fix the economy
Posted on 5/14/24 at 10:25 am to WWII Collector
quote:
I am low income. Saved up 24K for a new house. Pre-covid they were selling for about 60K... Now they are up to 225K... Tripled. 20 years worth of saving down the toilet in just a 3 years. Biden has destroyed the saving of us Boomers. Made it worthless. All a freaking ploy dues to a biological weapon to destroy this economy in the USA and it did a great job. I have trouble believing that there are Democrats that say Biden is doing a good job in this mess but there are.
It’s because most Biden voters are dirt poor or rich upper white middle class who only care about vibes because they aren’t effected by the economy
Posted on 5/14/24 at 10:26 am to BearCrocs
quote:
Tell me how someone making 50k a year can afford: Rent/Mortgage Car Payment Groceries Basic necessities of life. Wages sure as hell are not going up!
They find a roommate.
Unfortunately, both Millennials and Gen Z are shite at getting to know each other
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