Way OT - Fed cuts target interest rate for first time in over a decade
For the finance people on the board - what say you? Would you have been a dissenter? Personally, not too crazy about it (or about the idea that the market is pricing in another one for September) given where unemployment is and GDP continuing to modestly grow. Might offer an opportunity to refi if you haven't already!
The Fed isn't some evil organization trying to rob you
Ok, if you say so Mongo! In actual fact, they’ve already robbed you! You’re the one who, above, called me a Marxist because of my anti-Fed comment. Meaning, you’re clueless! You speak like a good fee collector. Keep believing that the Fed is a benevolent institution, here to help us all — they like their slaves obedient.
Holy shit. Good luck. Sten - just keep trading that "feeling" to your demise. Folks don't bet against the Fed like they are some dumdshit entity like Sten portrays. Invest for the long term as the Fed is just a facilitator of outcomes. Invest in America and you will be rewarded.
Oh they’re not dumbshits, Mongo. Far from it.
They’re a powerful, cunning, parasitic, private banking cartel that our Republic was founded in direct opposition to. You’re a brainwashed fool if you think that their mandate is in an way for the benefit of our Republic. They’ve tricked the host into believing that their presence is both necessary and beneficial.
A recession is coming ..... and so is rain.
Rain will happen first.
bet on it.