Trump doesn't raise rates.. He didn't ask for them to be raised more times in the last year than the ENTIRE Obama Admin.. The Federal Reserve is my enemy.. They are yours as well.. Eventually you will figure that out.. My guess is sooner rather than later. Obviously 2008 wasn't enough of a lesson for everyone. Cue up round 2. Only this time around they won't be able to cut your rate to save you some money and keep you in your house.. You're on your own.

.. Meanwhile Australia predicts a surplus next year ;)

I've run my own super/ 401 fund here for the past 15 years, basically I sign on the dotted line and a broker does the rest. They changed laws here this year and that's not as favourable as it once was, so we are closing that down and starting a fresh. Portfolio's were all sold down in Nov, paper works been done and now just sit on a pile of cash. Was fate more than my doing... but talk about perfect timing heheh, will buy in again next year as opportunities present themselves.

> Thanks Trump!

Expect that to change.. This isn't just a US problem.. If you remember correctly pretty much the entire World crashed in '08.. That's the great part about globalism.


Canadian house price slump makes buyers wary for 2019: Don Pittis

Decline was supposed to entice priced-out buyers, but so far there's little evidence

https://www.cbc.ca/news/business/can...tate-1.4948928


I backed out of a contract this month myself... Going to hold off until at least April before I even consider making another purchase. That is unless the sellers get desperate which is what I'm banking on. One is already borderline foreclosure.

An anonymous Russian hate troll pretending to be American online and pretending to know about the American economy so he can fail at defending Trump. Sad loser :1orglaugh:1orglaugh:1orglaugh

OnwebScam:

Wrong on the economy

Wrong in his conspiracy theories

Wrong on Russian dominance

Wrong on EVERY prediction about Trump's investigation

Oh... come on folks.
There are no indicators YET of any kind of crash.
Just a slower growth period, but still growing.
It remains to be seen with what the next steps are in things like this trade war escalating and consequences of those tax breaks and borrowing costs if they continue to spend more with less taxes coming in.

So, it's slower growth and a caution on what's next ! Choose those next steps wisely.

Blame it all on the FED !
I doubt you have the understanding for this, you are just routing with trump.
Trump is just looking for a future scapegoat for his failing policies.

And since he is nothing but debt, he is going to have to find new loans to pay his new interest. A little more difficult to do as he has done before with all the eyes watching the family biz right now.

Strange how Republicans have full control of the house the senate and the executive branch for 2 full years yet are not at all responsible for the economy imagine that.

Raising interest rates fucks with mortgages. If you want a slow down start there.

Real gross domestic product (GDP) increased 3.5 percent in the third quarter of 2018, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was unrevised from the “advance” estimate released in October. In the second quarter, real GDP increased 4.2 percent.

How do you like them apples?

I don't talk to the alt-right hate fake nic troll with 2 posts since 2003


You are now blocked you lose your son of a bitch cunt deep asshole cum sucker

Classic NPC response.

[QUOTE=huey;22384223]look at this chart and check the 10 years chart and then compare it to the FED´s interest steps.

https://tradingeconomics.com/united-.../inflation-cpi

than even you might see that the inflation is on that level BECAUSE of the interst steps the FED made.

the US inflation rate raised from 1% in 2017 to now 2,5% - it would be at 4% already without the interest steps of the FED.

as you are crying on high interests I assume that you are one of the victims that lend more money as you can pay back and heated up the economy with borrowed money.

what about the people that safed money for the bad times?
do you think they should pay 100 k for a hamburer when they are old because the value of their money got lost while it was lend to companies that made high profits with this invest ?

interest rate in the US averaged 5.69 percent from 1971 until 2018, reaching an all time high of 20 percent in march of 1980 and a record low of 0.25 percent in december of 2008.

you are now at 2,5% !!!!!

do you wish the 0.25% from 2008 and the crisis back?

I don´t know why you guys are right wing nut heads BECAUSE you have no skills in economy or if you have no skills BECAUSE you are right wing nut heads.
but actually THIS IS what all of you have in common: NO PLAN - NO SKILLS - NO IDEA

Well,
If you are foolish enough to not take a fixed rate, shame on you.
If a floating rate got you the loan, maybe you should not have.
If you think the fed is crashing the economy, just wait till it does and refinance at a low fixed rate afterwards.
For most, it does not take money out of the economy in the near term, it just extends the length of the loan.

For a biz however, where the length is normally fixed, it does take money out of the economy.

As far as I am concerned, with growth over 2%, inflation (consumer) under 5% and unemployment under 5% and interest rates under 5%, to many have been spoiled for to long.

I have never seen a economy that defied gravity and the number set. This one is no different.

Folks give Reagan credit for the big tax cut back in the 80's. Nobody remembers the giant tax hike (record breaker) the following year when they realized they were not getting enough revenue and the deficit was going to explode.

I see current events no different.

Here is a new way to look at it all...
Who needs the banks ?
Go out and finance your money needs in the private markets !
Surely you can convince your safe bet to someone in the private markets for less money !
It's a free market, remember ! Perhaps you are willing to lend your money ?
LOL

I've been railing on the fed for many years.... Even right here on GFY... Even before '08... Back before they had to come out and admit they were a private banking conglomerate that answers to no one.. What, you don't remember that? When they told Congress to "GFY, we don't answer to you or the President (Obama)"

Way back then I was called a "kook" for saying it.. To this day people STILL believe it's a branch of the government.... It's not.. And they told everyone (including the idiots in Congress who thought they had say) this themselves... It's now written in plain English on their website for fucks sake..

It's only Republicans who fail to remember this.. The same thing is happening with Trump's tax cuts. Spending keeps growing but tax revenue is down..

We will reach a trillion dollar deficit next year thanks to the tax cuts and social security will now go insolvent 10 years earlier than before the cuts.

Well,
it's simple then.
GFY - Go Fund Yourself...
Private markets are there. You don't need those public banks. IT'S A FREE MARKET !
Considering the amount of failure, I prefer more of this was funded by private equity that was not backed by government (taxpayer) money.

Consider the fed rate a 'risk factor' being baked into the general taxpayer market.
Private equity is not near as forgiving or tolerant.

Isn't it funny... OR NOT
that the folks who control spending ie House of Representatives, have pretty much been in republican hands for the last 20 years. That much don't really matter to me.

I look at those deficits and ask... didn't they tell us all this was bad to spend like this ? That's why we gave them power to do so and they made it exponentially worse, not better.

I guess it's OK if you can find someone else to blame it on.
Oh... what's that being whispered in my ear...
because the terrorist in Iraq... oh wait...
because of wmd in Iraq.... oh wait...
because of Obama.... oh wait...
because of democrats ???

Don't anyone get me wrong. I hate both party's.
But it sure looks like anytime a politician starts pointing a finger, they really are looking in a mirror.
Nothing is, as it is told to us ! And that is almost expected to be opposite of what is said now. Especially listening to Trump.

So, it's not bad enough they spent like crazy, they went ahead and chopped future revenue and we still are supporting/paying for all this failed military action around the globe. At a cost that continues to grow.

Just some lazy chair perspective, but payback time for all this money is going to hit home sooner than many think. It's quite OK to have debt, but the level this is going to reach in the next 2 years is going to be intolerable. It's going to tie our hands militarily to boot.