Yeah.. it's kinda sad that we don't have solid citizens that are willing to work for a living. As I have said before, they are the hardest working people I've ever seen. I just would like to to see it done in a legal process, and not try to break down the doors to get in here without being vetted, tested for disease, or given financial assistance. If that were the case, I'd slip across the boarder and cross back again myself...... joking of course.
11 times in 2022-2023. Can't complain about interest rates hikes and complain about high inflation, can't have it both ways.
Made you a new better fitting hat:
Hmmm... I like it. Suave' and deboner
I dig you too, you mostly come off as a real person and not just trolling me. Of course its toss in my 2 cents if you want man, anytime. Thanks for asking
Mainly to cool the inflationary pressures from all the money that was dumped into the economy, they were trying to also increase the unemployment rate, (like they did in the 80's to kill inflation under Reagan, but luckily the pinpointed spending towards the lower income people kept enough stimulus in their pockets to stop the bleeding them dry (not losing houses, spending in local economies kept stable so businesses stayed open and city/localities were not bankrupted).
So I think the way to think about this, I consider the supply chain jobs/part suppliers/advertising jobs/designers/etc that go into producing a new car. A used car is great for the salesman/dealership owner/financiers (im guessing more so than a new car) and that is about it usually (from my experience with buying used cars, the warranties make new worth it).
The Fed really doesn't look at it on a micro level to think of it as people not being able to afford it, but they were/are trying to slow consumer spending. More I'm pretty sure it is about helping investors by getting more return on their investments. That way they put more money into longer term savings (higher yields), which reduces the amount of cash that is in the system. Less cash means less pressure on prices because there is less demand for stuff.
You nailed it, that is pretty much exactly what they did, with the exception that the rates are just to get more money into longer term savings which tends to be a wash investment wise (just far safer because you don't have the gamble of investment yield changes).
Like I prev. stated,I'm better off just due to the fact an adult occupies the Oval,not a man/child who needs a pacifier and rattle and needs his psyche soothed on a daily basis and I can actually ,you know SLEEP. The sight off his orange mop in proximity to the officer carrying the doomsday football is surreal in itself.Never has there been a Pres. whose self interest "trumps" the 350 million+ citizens they sworn to protect under the Cons.,his complete absence of humility in his quest for self preservation "trumps" the interests of the nation. ATTENTION Maganites does it register as a come to Jesus moment that virtually NONE of his former cabinet members who have intimate knowledge of this "man" ENDORSE him for another term,that is a stunning indictment to his credibility,get your heads out of the hole and wake up,you're being USED as a means to a end.Under this wannabe despot who has a hard on for the power/control of today's nastiest autocrats a lock step MAGA supporter is tomorrows persecuted w/one wayward drift from the "company line", prosecute today,persecuted tomorrow,WAKE UP, history has been there done that w/these cult of personality posers.
You Really Are Better Now Than You Were Four Years Ago — TIME
The narrative about 2020 is all wrong and will shape the 2024 election.apple.news
Don't like ridiculous int. rates,don't like zero rates either, 2 yrs ago when saving's accts. paid 4-5$ a month on 40 k somethings fk'd,saving used to be considered a virtue to be rewarded w/out using Stock Market or a online acct at a bank I never heard of or can't go to a physical location if there's a prob.,IDK maybe I'm old fashioned.
Watching a vid does not constitute witnessing anything.
For the legal process to be credible, we have to undo the “defund-DC” “policies” of the right — and generate the tax revenue to operate a restored customs&immigration service.
Thanks for the input. Being in the Car Biz as a finance manager for 32 years, I've seen it go up and down. I got to witness the over lending to the sub prime market in the late 2000's to the <600 credit scores on cars, homes, etc. It really set the market up for a crash/housing bubble pop, increased foreclosures, repo's, voluntary surrenders, etc. On my end at that time (2010 or so) The lending institutions really tightened up after learning that lesson. Funny story, right before all that, I had a Credit Union that if you had a TransUnion score of 740+, there was NO LTV on a car. So, we had people coming in, financing thier car/truck at 100%, and then adding on $50,000 in Credit Card debt to the loan. ..... that lasted about 28 days before they pulled the plug on that deal. So, most of that era was the Federal Lending's fault for doing what they did. It was a disaster in the making for not adhering to common sense guidelines. I understand what they were trying to do, but... they just over did it.I dig you too, you mostly come off as a real person and not just trolling me. Of course its toss in my 2 cents if you want man, anytime. Thanks for asking
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Sounds about right.
Mainly to cool the inflationary pressures from all the money that was dumped into the economy, they were trying to also increase the unemployment rate, (like they did in the 80's to kill inflation under Reagan, but luckily the pinpointed spending towards the lower income people kept enough stimulus in their pockets to stop the bleeding them dry (not losing houses, spending in local economies kept stable so businesses stayed open and city/localities were not bankrupted).
Some inflation is good, a lot of the 'hawks' like Powell want inflation to be around 2%, other economists think 3%-ish is pretty good spot for it to be since it stimulates investment, but once it gets too high it is a pretty big pain in the ass.
Mortgages (new ones) take a hit by having to pay more. On the flip side though the older mortgages actually come out far better because they are paying back their loans with 'cheaper' money if the rates are fixed, variable ones (like were popular in the '08 crisis) get boned though. So like everything it is a lot of variables but most homeowners/capital owners with debt will come out far better with a little higher inflation.
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I actually think that the Fed wants rates to be around where they are at now if you look at the period in the 90s, and where they were trying to get them prior to the market crash when Bush and the Republicans let the credit companies fleece their borrowers, they were starting to rise back in 2016 (when Trump was pissing and moaning, but of course dropped during the recession (to stimulate demand for borrowers). They like to have some 'wiggle' room with rates to help stimulate/slow the economy with small adjustments based on what is happening in the economy, and having rates at zero takes away one of the biggest tools that we have to keep our economy stable.
What I think is interesting is when you look at the rate drops, it is normally during a recession. This last one though was so severe of a drop in 2020 and because rates were kept near zero for so long there was not that while it shows up as a sliver of a time frame, the only reason the recession doesn't show as far longer is that the drop was so sudden and so severe, and so much money was dumped into the system (through things like not paying rent/mortgages/school loans) that there was a hard floor to it, if the drop would have been slower easily all 2020 would have been one giant recession.
So I think the way to think about this, I consider the supply chain jobs/part suppliers/advertising jobs/designers/etc that go into producing a new car. A used car is great for the salesman/dealership owner/financiers (im guessing more so than a new car) and that is about it usually (from my experience with buying used cars, the warranties make new worth it).
The Fed really doesn't look at it on a micro level to think of it as people not being able to afford it, but they were/are trying to slow consumer spending. More I'm pretty sure it is about helping investors by getting more return on their investments. That way they put more money into longer term savings (higher yields), which reduces the amount of cash that is in the system. Less cash means less pressure on prices because there is less demand for stuff.
You nailed it, that is pretty much exactly what they did, with the exception that the rates are just to get more money into longer term savings which tends to be a wash investment wise (just far safer because you don't have the gamble of investment yield changes).
Are you talking about the white people that came here and murdered everyone and then destroyed the land?
Or just in the post Vietnam era when every white man was not given free land and homes?
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Is it their fabulous hair?
What is really bothering me is that while I have no issue with foreign investment, there is becoming very apperant that there is a fine line between it being a economic boon (I think of all those car dealerships I saw in East Lansing that were selling really really nice cars to all the Chinese students that had parents wealthy enough to pay for their entire Undergrad/Masters education with cash paying the highest out of state rates making the townies mint) and a dangerous vulnerability when it is weaponized like buying up all the housing stock and holding it so that they create a housing 'bubble' which leads to inflated rents.
Did Abbott keep his promise on ending all rape in Texas?
It is a bit disturbing that they own over 380,000 acres of American soil. ... not to mention the businesses/factories. At some point, you have to draw a line, and say no more. I mean, how much land can a US citizen/Company buy in China?.... and from what I've read, you can only own it for 7 years.
Sure looks that way sometimes, kids these days rather want to be famous online instead of getting their hands dirty and grow some calluses. Although immigration is a complex topic, it's easy imo when it comes to people who are willing to work and thus can support themselves. If you can get a job and afford a place to live, you're welcome imo. Unfortunately, asylum seekers are often not allowed to work even if they want.
Complex indeed..... However, I could get behind this. The sad thing is that our own citizens (as you said) are afraid of skilled labor because I guess they feel entitled to a cozy lifestyle. Adding to that complexity would be funding (by our tax dollars) to jump start these people. You can't just come in with no place to live, no food, supplies, etc. It would prob have to be on the hiring Company to ease the burden off of the taxpayers. But, hell... what's another 12 Billion? ... and then there's going to be bad actors in this scenario .. kinda like (and I don't know that this is true), Tyson firing high salary positions, and replacing them with asylum seekers and putting a black eye on the good ol' USA.
Notice where this clip ends on Fox
Looks like the same guy standing there to me on both.
Make Oklahoma great again....Sounds about right.
Are you talking about the white people that came here and murdered everyone and then destroyed the land?
Or just in the post Vietnam era when every white man was not given free land and homes?
The term "Oklahoma Sooners" is a reference to Oklahoma land grabbers that illegally entered the Indian territories prior to April 22 1889 and hid out to stake out the choicest pieces of Indian territory.
