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I'm not so sure

Posted on: September 20, 2024 at 14:54:15 CT
AWOLTiger KC
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Consumer debt is at an all time high and while rate cuts might appease some of that, most of the current debt was already under 5 or 6% rates. If they cut and encourage more borrowing even at a lower rate I'm not confident it will do much to help. I don't think people are in trouble because of interest rates, it's because the dollar is worth **** all. The country needs something akin to an industrial boom, and hard to see that happening.

The economy is pretty screwed. There really isn't a response from the fed that would be "easier" for anyone in the long term. Market booms at this point just mean more people taking on more debts.
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BOA predicting 75 basis point cut next quarter - tman MU - 9/20 14:29:54
     Wow, that would be drastic. Could be political, though. (nm) - JeffB MU - 9/20 14:30:41
          It will be Trump's turn to be blamed for "inflation" caused - ummmm MU - 9/20 14:33:32
               Is a lower interest rate - meatiger MU - 9/20 14:38:20
                    Yes, that's how they artificially suppress interest rates. - ummmm MU - 9/20 14:54:18
                         So why did so many people - meatiger MU - 9/20 14:57:20
                              Neither the Fed nor any other government entity should be - JeffB MU - 9/20 15:05:51
                                   agree - meatiger MU - 9/20 15:10:45
                                        Which comments of mine did you find 'quite funny'? (nm) - JeffB MU - 9/20 15:18:17
                              I don't know. I think everyone has a different opinion - ummmm MU - 9/20 15:02:36
                                   Agreed - meatiger MU - 9/20 15:09:47
                    Yes. They lower interest rates by buying US treasuries. - JeffB MU - 9/20 14:48:05
               It might be enough to delay the collapse/pop of the bubble.(nm) - JeffB MU - 9/20 14:35:07
                    I'm not so sure - AWOLTiger KC - 9/20 14:54:15
                         Yes, at some point it all collapses. I think the analogy of - JeffB MU - 9/20 15:08:37




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