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The biggest Fed rate hike in 40 years? It could be coming next week.

By HatetheSwamp
September 14, 2022 1:56 pm
Category: President

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Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key U.S. interest rate in more than 40 years.

After another dismal U.S. inflation report, economists at the brokerage Nomura Securities on Tuesday became the first on Wall Street DJIA, +0.10% to predict a full-percentage-point increase in the Fedís benchmark short-term rate.

ďWe continue to believe markets underappreciate just how entrenched U.S. inflation has become and the magnitude of response that will likely be required from the Fed to dislodge it,Ē the economists at Nomura wrote in a report to clients.


Inflation continues in spite of the fact that there're been several huuuuuuuuuge interest rate increases already and, with the Student Loan Forgiveness malarkey?

Thanks to "that feckless dementia-ridden piece of crap".

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Comments on "The biggest Fed rate hike in 40 years? It could be coming next week.":

  1. by oldedude on September 14, 2022 2:07 pm
    At least it would slow down inflation a bit, although not enough to make a huge difference.

    We're still caught with our pants around our ankles regarding energy. That is a DIRECT result of pedophile joe. And we need to bring up our oil reserves of US oil, a much better grade than OPEC or Russia.


  2. by Donna on September 14, 2022 2:55 pm

    You're falling for a political argument.



  3. by oldedude on September 14, 2022 5:21 pm
    Nope. High School ECON.


  4. by HatetheSwamp on September 15, 2022 4:20 am

    Donna,

    I don't think I encountered anyone as obtuse on MACRO economics as you since I've been in Jr Hi.

    Seriously.


  5. by Donna on September 15, 2022 4:56 am

    So where should Biden order drilling for oil now?


  6. by HatetheSwamp on September 15, 2022 5:11 am

    Donna,

    Big Bro Joe is powerless to inspire increased fossil fuel production because of past decisions and, the well-formed perception of decision makers in that industry that our President has become the lackey of the DC Green New Deal crowd.

    pb's afraid that as long as "that feckless dementia-ridden piece of crap" is in the White House, the fossil fuel industry won't trust government. It will always suspect that Big Brother will continue it's war against it, as long as it's President Clouseau who puts his scrawy derriere in the big chair in the Oval Office.

    We're toast...at least as long as the Blue MAGA progressive Cult runs DC.


  7. by Donna on September 15, 2022 5:40 am

    Ok, so you don't know. As I figured.


  8. by HatetheSwamp on September 15, 2022 6:00 am

    Donna.

    You misunderstand. I DO know. The Former Truck Driver has screwed the pooch in his ability to provide leadership to the fossil fuel industry.

    We're in trouble. Those people won't invest as long as the Flatulent Fool is President. He's given them ample reason to fear that he'll pull the rug out from under them.

    He's a bozo. And, we're all suffering.


  9. by Donna on September 15, 2022 6:09 am

    You call that phony baloney sidestep an answer? LOL!


  10. by HatetheSwamp on September 15, 2022 6:41 am

    It is an answer. A direct answer.

    That it details a reality you refuse to acknowledge ain't my problem.


  11. by Donna on September 15, 2022 7:28 am
    Details? LOL!!!!!


  12. by HatetheSwamp on September 15, 2022 7:52 am

    It's what you've done here dozens of times, i.e., pretending a way of thinking at odds with the paradigm you have put your faith in, is a non sequitur.

    But, it ain't.

    That way of thinking merely represents an understanding of reality that you want to pretend away.

    Your imaginings don't define reality for anyone but you.


  13. by Donna on September 15, 2022 8:56 am

    I have no idea what you're referring to, and neither do you. No doubt Biden is to blame for that too.


  14. by oldedude on September 15, 2022 3:25 pm
    "Those people won't invest as long as the Flatulent Fool is President. He's given them ample reason to fear that he'll pull the rug out from under them."
    I agree. Under Trump 1. they knew he was steady with this. 2. He was an "all the above" person, so the petro companies needed to find the next generation (or two) of energy to stay in business. That's good for everyone. The green folks get something that works, and the rest of us don't have to buy all new stuff in the next year or so (which isn't going to happen).
    The next "person" comes in and completely undermines all of that work, and none of the companies trust him. Ergo, They're moving their companies out of the US creating fewer GOOD jobs for middle class folks. Everything pedojoe has done is for the rich getting richer.


  15. by Donna on September 16, 2022 8:02 am

    That also happened when MAGAMAN pulled the US out of the international climate agreement as well as the nuclear agreement with Iran. I don't understand how any other country trusts us.


  16. by oldedude on September 16, 2022 2:29 pm
    And that's what he ran on. He's also not a member of the LWO, which changes things dramatically. The Iran agreement was the stupidest agreement we ever did. The Iranians duped the prior "president" into paying them off to "say" they weren't going to do something they had all intentions to do anyway.


  17. by oldedude on September 17, 2022 9:15 am
    Donna- Just a note-
    () There have been four distinct rises in inflation. Three of them right after or just prior to a war (1917-1921 65%), (1942, 10.9%), (1947, 14.4%). The US was 10 years later than the rest of Europe regarding the huge recessions at the time. From 1979-1981 (Carter) the total inflation was ~35%. During Trump (2017-2022) inflation was at 7.7% total. Last year, it was 4.7%, this year is 8.3%. That would put him at 13.0% for his term so far. IF he can bring it down, that won't be a bad thing for anyone.

    And yes, the crux of this all is the price of energy. Gas prices were up almost 60% (this has gone down some, but remember they were higher once biden got in to office). The northern tier larger cities of the US are in for huge issues this winter. Domestic heating oil is almost non-existent, but remains to be the most used heating source especially in the upper midwest and densely populated areas of the Atlantic seaboard. The lack of heating oil will jack that price up to where a family cannot afford to heat their homes.
    usinflationcalculator.com
    cnn.com


  18. by Donna on September 17, 2022 3:16 pm

    "Everything pedojoe has done is for the rich getting richer." - od

    Come on, you know that isn't true. Student loan forgiveness alone disproves that, not to mention the pandemic relief money that Senate Republicans pushed back on.

    Curt posted something fairly recently outlining what Build Back Better -- which was recently passed by the Dems with no help from the GOPS -- will do to help working class Americans as well as the economy. I couldn't locate that post. Maybe Curt remembers where he posted it.


  19. by oldedude on September 17, 2022 3:31 pm
    I'll name two. Most of the "students" he bailing out are white, with Masters' or above degrees, and are looking for 6diget jobs.

    Another example. Chip manufacturing. He ONLY gave a break for those who INVEST in the company. NOT the workers or the companies. That was the deal that Pelosi's drunk husband got caught up in. Of course he had to sell because it was an illegal buy.


  20. by Donna on September 17, 2022 3:52 pm

    87% of student receiving debt relief cone from households making less than $75K a year.

    Given that only 12.2% of Americans are Black, it's a safe assumption that Whites will reduce most of the relief money.


    whitehouse.gov


  21. by Donna on September 17, 2022 3:55 pm

    I said the first part wrong.

    Actually 87% of debt cancellation benefits will go to households making <$75K.


  22. by Donna on September 17, 2022 3:57 pm

    And Whites will receive, not reduce most of the relief money. I have trouble typing on my iddy biddy cell phone keyboard.






  23. by HatetheSwamp on September 17, 2022 4:23 pm

    This is the new progressivism. Fighting for the empowerment of the White upper-middle class and above.

    You should be ashamed.


  24. by Donna on September 18, 2022 6:53 pm

    You should go f**k yourself.


  25. by Donna on September 18, 2022 7:10 pm

    od: I'm wondering why it was important enough to you to post that most of the students Biden will be bailing out are White. I assume you were aware that an overwhelming majority of student loan recipients are White before you posted that.





  26. by oldedude on September 18, 2022 8:09 pm
    Because it makes a difference in the wokeness of the pedo's platform. If he's here to make it better for the struggling masses, he really missed the mark. He could have used that money to invest in community colleges. That would have given low-income students better access to job skills and opportunities. Making a better life for themselves and helping the overall nation.


  27. by HatetheSwamp on September 19, 2022 5:47 am

    You should go f**k yourself.

    Interestingly, a couple of days ago, po, in po's first returning post, gave me a, "GFY, pb"

    But, Donna, I remember progressivism in the 60s and 70s. It was not about easing the financial "suffering" of the top 2-5%. It was, to quote Micah 6:8, "Do justice, love mercy and walk humbly..."

    And all of you Blue MAGA progressive Swampcultists in 022 should writhe in shame.


  28. by Donna on September 19, 2022 7:53 am

    od: You made a point of citing that most of the student loan debt relief money is going to White people. Allocating that money instead to community colleges, which was part of Build Back Better but didn't have enough support, would also overwhelmingly help White people. So you didn't really answer my question.


  29. by Curt_Anderson on September 19, 2022 9:00 am
    The biggest rate hike in 40 years? 40 years ago Ronald Reagan was President.


  30. by Ponderer on September 19, 2022 9:27 am

    "Micah 6:8, 'Do justice, love mercy and walk humbly...'

    And all of you Blue MAGA progressive Swampcultists in 022 should writhe in shame."
    -Hate

    Hey it's your religion, the tenets of which you constantly and hypocritically wipe your ass with the instant it suits you. It's you who should be incessantly writhing in shame.





    But then again..... Come to think of it, you have none to writhe in.


  31. by oldedude on September 19, 2022 9:40 am
    First, I have been a believer in community colleges. Many community colleges now have great VOTEC programs that allow graduates to be certified in a marketable skill. Many also have childcare for low or no cost. This is a whole different student than a university, and much better for kinesthetic learners. Their target are students that would have a hard time in a university culture. It also is typically a 2 year curriculum, that usually have employment offices offered to graduates and sometimes the students in the field of their choice. It is also a starting point for a 1st gen college graduate or single parent.

    So my view is to get people trained in a career quickly and with the credentials regardless of the race.

    "From 2011 to 2012, roughly 55% of dependent students with a family household income of below $30,000 started with community college. Only 23% of students who had household incomes of $106,000 or more attended community colleges.

    In total, out of all college students, 44% of undergraduates are enrolled in community colleges.

    From 2018 to 2019, the ethnicity of community college students can be broken down into 45% white, 25% Hispanic, 13% black, and 7% Asian.

    Hispanics have seen the most significant increase in the attendance of community colleges, up 10% since 2008.

    In addition, White students are the majority; however, their percentage dropped by 10%.

    In 2016, over 25% of community college students had dependent children.
    15% of these college students had dependent children that are ages six years or older.

    About one-third are first-generation students to attend college."


  32. by HatetheSwamp on September 19, 2022 9:52 am

    po,

    I appreciate your unabashed elitism. Many Blue MAGA progressives chafe when it's pointed out.

    I'll still wish for the days when being progressive didn't stand for hedonism and narcissism.


  33. by Ponderer on September 19, 2022 10:36 am

    I'm not an "elitist". You're simply an asshole.


  34. by HatetheSwamp on September 19, 2022 10:38 am

    You're an elitist...to the max!


  35. by Donna on September 19, 2022 3:12 pm

    All that info you posted on community colleges was nice, od, but you didn't answer my question. Here - let me help you.

    The reason you made a point of saying that most of the college loan bailout money went to Whites -- an insignificant statistic since there are more Whites than any other racial group by far in the US (only 1 in 8 Americans ID as Black) -- is because the GOP political strategy of choice leading up to the midterm elections is to paint Democrats as hypocritical elitists who don't actually care for migrants or people of color.

    That was the strategy behind the the choice of Martha's Vineyard. GOP media outlets were going to say that the community there shunned those migrants regardless of how compassionately the community there responded. Your party's tactics couldn't be more transparent or underhanded.


  36. by oldedude on September 19, 2022 3:56 pm
    I appreciate you putting words in my mouth and second guessing me.

    Had you linked my two posts, my point is that your pedobuddie is only worried about the white elitist prigs. Not as the dims "claim" so often, that you are worried about the middle- and lower- classes. As much as you have NOT said so often is you don't care if they freeze to death in the Dakota Reservations because they can't afford fuel oil. You don't care that thousands of jobs were lost in one fail swoop of the pedophile's pen. You don't care that thousands in larger cities in the north-central and northeast will choose between food and heating oil this year.

    It's the GOP that is actually worried about these things. The dims goal is to indoctrinate and murder any obstruction in their way.


  37. by Donna on September 19, 2022 4:02 pm

    Your meds are wearing off.



  38. by oldedude on September 19, 2022 4:07 pm
    No. not at all. If you think I'm wrong, look for evidence if you can find it.


  39. by Donna on September 19, 2022 4:29 pm

    od, this is the comment of yours I've been taking on:

    I'll name two. Most of the "students" he bailing out are white, with Masters' or above degrees, and are looking for 6diget jobs.




  40. by oldedude on September 19, 2022 4:47 pm
    Prove me wrong. He's bailing out the rich, white elitist prigs. As usual.


  41. by Donna on September 19, 2022 5:01 pm

    "Most" are not in that category. Almost all of the money is going to students that live in households with an income <$75K.


  42. by oldedude on September 19, 2022 6:26 pm
    Okay, again with the "feelings" part. What are the stats. Period. You are correct about the "households" where the money is going. They only take the households income, not the fallback income from mommy and daddy, and their access to the means of production. Like I said before, I am eligible to have my master's degrees forgiven with this. What sucks is that we chose to pay off my wife's first instead of paying them both off slowly and letting the pedophile take care of me like a mommy state.


  43. by Donna on September 19, 2022 7:47 pm

    87% of debt cancellation money is goi g to households making less than $75K.
    87% isn't "feelings".


  44. by oldedude on September 19, 2022 9:10 pm
    You are obviously NOT reading my posts. They just got out of fukking law school (or 'art' school, or math "experts' or whatever and are not making what the university said they would. They are working their way up the ladder, but expected $200,000 the first year. That ain't happenin' sugabean. But they, like you, just want the handout for something they screwed up on. My view is the money needs to be spent on those that are actually working every day trying to put food on the table. YOU, on the other hand are a racist masochist pig that hates single parents trying to better themselves, especially those of colour.


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