This happened in 2022 it appears. (The driver is Indian, not Hispanic, so the "them" seems rather misplaced).
Very sad obviously, but not recent and not applicable to the comment.
Man some people can't handle the Internet.
current events thread
- Thread starter bung23
- Start date
This happened in 2022 it appears. (The driver is Indian, not Hispanic, so the "them" seems rather misplaced).
Very sad obviously, but not recent and not applicable to the comment.
Man some people can't handle the Internet.
The Fed
Global rate spreads underscore just how out of touch the Fed is with the rest of the world. The European Central Bank’s deposit facility sits at 2%. The Bank of Japan holds near 0.5%. China runs its seven-day repo at 1.4%. Against that backdrop, the Fed’s 4.25%–4.50% target range remains a glaring outlier – more than 200 basis points above Europe, nearly 400 above Japan, and triple China.
The result: the U.S. economy combines the world’s highest policy rates and mortgage rates with the world’s strongest currency – a triple hit to American exporters.
On the home front, the Powell squeeze is just as punishing. Average 30-year fixed mortgage rates remain stuck in the 6–7% range, double pre-pandemic levels. That locks millions of young families out of the housing market and stalls residential construction — historically one of the most powerful engines of U.S. recoveries.
- Financing disadvantage: American manufacturers pay more to borrow, making new plants and equipment costlier.
- Currency distortion: Elevated Fed rates keep the dollar over-priced, inflating the price of U.S. exports while giving foreign competitors a pricing edge.
- Market share erosion: Foreign rivals win contracts not because they innovate, but because they borrow cheaply and undercut U.S. prices.
Ugh..
Comparing interest rates with other countries is pointless. Japan's economy had been struggling for decades so naturally its interest rates are lower. The Fed is charged with managing the US economy, the dynamics of other economies are irrelevant.
In addition, the average 30 yr mortgage rate for the past 50 years is 7.71%. Mortgage rates are currently near historic norms. Mortgage rates in the 3-4% range were an anomaly and can't be expected to be sustainable.
Given the weakening labor market, there will likely be an interest rate cut soon.
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The budget is not a short-term fix. Seeing that Trump has no long-term plan, let's just be honest with ourselves and acknowledge he's not the solution.
Dems are not either.
Unfortunately, only crisis may be the solution. We are going to end up with (a) higher taxes including on the middle class and (b) reductions in government spending. Both will be required.
I have no animosity to her songs or choice of every partner thru and including this one.
I am just thinking of Comey listening and singing along as he mows his lawn. (YUCK)
Thanks, Jeff, for your usual negative assessment. I now know the US economy is booming and the labor market strengthening for Americans, not your precious illegals.
Americans continue to gain jobs every month! Just yesterday, core capital spending surprised the experts.
And for the incredible high school X-C runner, checkout Nvidia's earnings after the market close. I did tell you to buy it in 2020 when it was less than $7/share. Let's hope it doesn't go down in price after the stellar earnings are released! Currently hovering around $181 / share 5.5 years after I bought some (in addition to the shares my broker bought and held in 2017).
U.S. core capital goods orders beats forecasts as shipments rise - The Globe and Mail
Congress is fiscally irresponsible !
The more career criminals incarcerated Nationally, the fewer crimes Nationally.
If the US economy is booming then cutting interest rates would be a mistake. It would be an inflationary move. So why does Trump want rates cut?
Lowell should give President Trump a 10 % finder's fee or commission for all the business !
I have no idea what a specific solution is to a horrible debt problem. I am guessing a lot will go into it. I do know WordSalad would be business as usual(spend and hire unqualified Gov Leaders). Trump is trying to enact a game plan(congress is little help).
Maybe we let it play out longer than 7 months.
Why did they have to have a meeting in Wyoming ?The Fed
Global rate spreads underscore just how out of touch the Fed is with the rest of the world. The European Central Bank’s deposit facility sits at 2%. The Bank of Japan holds near 0.5%. China runs its seven-day repo at 1.4%. Against that backdrop, the Fed’s 4.25%–4.50% target range remains a glaring outlier – more than 200 basis points above Europe, nearly 400 above Japan, and triple China.
The result: the U.S. economy combines the world’s highest policy rates and mortgage rates with the world’s strongest currency – a triple hit to American exporters.
On the home front, the Powell squeeze is just as punishing. Average 30-year fixed mortgage rates remain stuck in the 6–7% range, double pre-pandemic levels. That locks millions of young families out of the housing market and stalls residential construction — historically one of the most powerful engines of U.S. recoveries.
- Financing disadvantage: American manufacturers pay more to borrow, making new plants and equipment costlier.
- Currency distortion: Elevated Fed rates keep the dollar over-priced, inflating the price of U.S. exports while giving foreign competitors a pricing edge.
- Market share erosion: Foreign rivals win contracts not because they innovate, but because they borrow cheaply and undercut U.S. prices.
Ugh..
Didn't they include a conference room in the $ 2,000,000,000 + cost overrun building in DC ?
I am guessing some court rulings are ahead and possibly some bigger changes to the Fed.
Reducing the deficit by OVER $ 4,000,000,000,000 seems better than a poke in the eye with a sharp stick.
That's Over 11 %.
Seems reasonable.
Happy TJ has finally found something real to brag about. Great job TJ! We’re proud of you!
I was wondering along with a few intrepid posters why you were posting VERY early in the AM.
But assume you were conversing with your Broker while in Thailand.
I was up at 4:00 AM ET this morning 08/27, but wasn't posting or conjuring over financial positions. (Although I bought LLY calls yesterday at 3:45 PM at $ 8.0 and was out at $ 12.0 before noon !)
It was a Rooster !
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STILL waiting for what you think/believe is a fake story.
(I'm smiling, just waiting to make you foolish.)
So maybe it isn’t Trump policy, as much as it is the Fed that is the issue. The rates are outrageous. Why do US citizens in top positions want to harm the country any way they can?The Fed
Global rate spreads underscore just how out of touch the Fed is with the rest of the world. The European Central Bank’s deposit facility sits at 2%. The Bank of Japan holds near 0.5%. China runs its seven-day repo at 1.4%. Against that backdrop, the Fed’s 4.25%–4.50% target range remains a glaring outlier – more than 200 basis points above Europe, nearly 400 above Japan, and triple China.
The result: the U.S. economy combines the world’s highest policy rates and mortgage rates with the world’s strongest currency – a triple hit to American exporters.
On the home front, the Powell squeeze is just as punishing. Average 30-year fixed mortgage rates remain stuck in the 6–7% range, double pre-pandemic levels. That locks millions of young families out of the housing market and stalls residential construction — historically one of the most powerful engines of U.S. recoveries.
- Financing disadvantage: American manufacturers pay more to borrow, making new plants and equipment costlier.
- Currency distortion: Elevated Fed rates keep the dollar over-priced, inflating the price of U.S. exports while giving foreign competitors a pricing edge.
- Market share erosion: Foreign rivals win contracts not because they innovate, but because they borrow cheaply and undercut U.S. prices.
Ugh..
Because your guy Biden created a debt bomb, some 9 Trillion in debt comes due this year. A lower rates save America a lot of money, Jeff.
Believe it or not, the economy can boom with lower interest rates. All of this incredible tariff revenue in addition to 17T in investment plus 2M illegals leaving the country is MAGA.
And remember in April you told me the market would be crashed by now with high inflation rates. WRONG and WRONG!
Kids murdered and wounded while attending mass at a Catholic school. Very sad.
Them isn’t misplaced. I never implied Hispanic. There are quite a few illegal Indians. Feds recently broke up a human trafficking/sex trafficking/drug ring in Omaha hotels/motels run by them. The illegal driver from California who killed 3 Floridians was not Hispanic. He was Indian. Illegals need to be removed. Illegals should not have drivers licenses, let alone a CDL. No speak English. This one cruising down the highway on his cell and this occurred in Canada, not US. My sentiment is very clear and unswayed. Stop giving illegals (of any nationality) drivers licenses, CDL licenses and absolutely go after the trucking companies that hire these people. They are breaking the law.
No. Gavin has his 2 Gen Z nerds cherry picking stats to cover his BS.
I think it’s considerably more, but could be mistaken. Regardless, if it was just 300,000 it is an awful lot of noise Feds have to pay attention to while these potential spies study are in our country.
Will Nvidia be changing their logo any time soon?
DTrain is all law and order when the Maryland Man was "illegally" deported to his home country. And now he is playing the race card. He has a lot in common with the illegal loving Senator of Maryland.
The Fed's job is to manage the economy keeping both inflation and unemployment at appropriate levels. The Fed's job is not to cut rates to reduce US interest payments. It would not work anyway. If the economy is booming and the Fed cut interest rates, it would create additional inflation and interest rates would increase regardless of the operations of the Fed.
Manipulative interest rate cuts much like price controls will never work .
Let's see what the impact of tariffs on the economy is over the next six months. Most companies loaded up inventories in anticipation of the tariffs.
Soon we will see the true impact of the tariffs. They will lead to higher prices.
I was wondering along with a few intrepid why you were posting VERY early in the AM.
But assume you were conversing with your Broker while in Thailand.
I was up at 4:00 AM ET this morning 08/27, but wasn't posting or conjuring over financial positions. (Although I bought LLY calls yesterday at 3:45 at $ 8.0 and was out at $ 12.0 before noon .
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At the ending speech in Wyoming, Too Late Powell admitted in his speech that President Trump WAS CORRECT IN TARIFFS AND INFLATION !
Minneapolis shooter targeted kids at a Catholic Church. Remember when we were debating whether or not Catholics are being targeted? No doubt about it in this case.
I don’t think the major news networks will cover some of the stuff coming out about the shooter. Similar to the Tennessee school shooting.
I don’t think the major news networks will cover some of the stuff coming out about the shooter. Similar to the Tennessee school shooting.
I can be there to remind you of how horrible the budget deficit is at the end of each year under Trump if you'd like!
Happens I'm i
I'm in Minnesota now, but not near the cities. Newspapers/radio in the state are being careful to us they/their type pronouns and based on a photo it appears he at least enjoys feminizing his appearance. Some UNCONFIRMED talk of videos potentially linked to the shooter (ETA, what's uncomfirmed is whether they are linked to the shooter) showing rifle magazines with ~Kill Trump and ~for the children written on them. Children age 5 and 8 killed, 2 other kids in critical condition, and maybe a dozen beyond that hospitalized. I'm back out of range for the local radio station so I don't know what's surfaced in the last hour. Extremely sad event.
This is actually an argument.
Like tariffs or not, as they are consumption-based taxes, they will increase federal revenue. The $4T is against the debt (not the deficit) and the tariffs constitute about $400B against the deficit each year, but the debt is not constant because the US government is still likely to run a deficit each year.
Right now, neither party has proposed any semblance of a fiscal plan to eliminate deficits and reduce the national debt. But that will likely involve some level of increase taxes and reduced entitlement spending.
If you put me in charge, I would probably do the following:
Raise the retirement age for SS benefits
Increase Medicare taxes
Probably raise income taxes a bit but not much (across the board increase)
Reduce spending on certain discretionary programs
Cap the increase in yearly spending for the federal government at some number lower than growth/inflation (say 1.5%).
This would result in some level of temporary economic pain to individuals, but it would stabilize the federal budget in 6-8 years tho (hopefully quicker).
There's no implication this dude was illegal (and for all we know, he was born in Canada).
Presumably Canada has some equivalent of CDLs, and it seems unlikely it's easy to get one there if you are illegal.
Here is what I would do, NOT sit by hoping that the President is wrong fiscally.
Investigate every claim for retirement with SS benefits.
Examine pricing of drugs and Dr. visits.
Investigate Medicare users for citizenship. copy SS eligible.
Eliminate IRS taxes for Joint income under $ 150,000.
Cap all discretionary program, mandatory mission statement, research all Admin employees for Double Dipping families.
No Government, Federal, State, Local increased spending budgets.
Mandatory yearly reduction of Federal/State Deficits.
No increase in gas tax, sales tax.
Immediate reduction of Budget AND Deficit.
Waste, fraud, and abuse might save you some $$$, but they are nowhere near what people believe they are.
The federal government can't dictate state and local spending, but they can obviously reduce outlays to state/local governments so that would help. The mandatory reduction is a good idea, but it would force the hard choices with entitlements we are going to have to make.
My lack of good, continuous sleep started when I was doing Chemo. That and a touch of neuropathy are the gifts that keep on giving from that side of the treatment
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LOL. Jeff liked this after he recently posted criticism of Trump wanting people to work longer to earn benefits. That is a butt that can sit on both sides of the fence. Impressive.
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