Anyone else concerned about the Feds having so many set targets for interest rates?
Sure, they have been low for a very long time, but I'm iffy on so many increases in a short amount of time. One more set for December of 18, and 3 more for 19.
Housing has gone from a sellers market to a buyers market in many locations.
Car rates are creeping over 5% even with great credit with the bigger banks etc.
Can see a slow down in buying houses/cars once people realize the extra percent or two on their car loan/house loan disqualifies them. But at the same time builders are pumping out houses with no end in sight.
Why one economist says Trump is right about the Fed
While growth might look exceptionally strong at the moment, it has been driven by “one-off boost to incomes and corporate profits” from the Trump tax cuts and jump in discretionary federal spending.
The good times are going to fade, and fade quickly, Pearce said.
“Our view is that [Fed] officials are still underestimating how quickly the economy is likely to lose momentum next year, as the fiscal boost fades and monetary tightening bites,” Pearce wrote in a recent email to clients.
Not a huge fan of Cramer but anywho:
Cramer rips the current Fed in a similar fashion to his famous, 'They know nothing,' rant of 2007
"The fact is, I do have a better handle on the situation than the Fed does, just like in 2007," Cramer said on "Mad Money" Wednesday evening. "Oh, I hate to show such hubris on this show, or anywhere or at home. But I am sick and tired of a Fed that reverts to a non-rigorous, non-homework-oriented approach every time things look good. It's like they unlearned all the lessons of the Great Recession."
In 2007, Cramer sounded off on then-Fed Chairman Ben Bernanke and then-central bankers for ignoring signs of the impending financial crisis. "They're nuts. They know nothing," Cramer blasted at the time.
Cramer, in recent days, has been stepping up his criticism of the current Fed, blaming Powell and other policymakers for not looking more closely at the economic data before announcing its lockstep interest rate hike plans.
Sure, they have been low for a very long time, but I'm iffy on so many increases in a short amount of time. One more set for December of 18, and 3 more for 19.
Housing has gone from a sellers market to a buyers market in many locations.
Car rates are creeping over 5% even with great credit with the bigger banks etc.
Can see a slow down in buying houses/cars once people realize the extra percent or two on their car loan/house loan disqualifies them. But at the same time builders are pumping out houses with no end in sight.
Why one economist says Trump is right about the Fed
While growth might look exceptionally strong at the moment, it has been driven by “one-off boost to incomes and corporate profits” from the Trump tax cuts and jump in discretionary federal spending.
The good times are going to fade, and fade quickly, Pearce said.
“Our view is that [Fed] officials are still underestimating how quickly the economy is likely to lose momentum next year, as the fiscal boost fades and monetary tightening bites,” Pearce wrote in a recent email to clients.
Not a huge fan of Cramer but anywho:
Cramer rips the current Fed in a similar fashion to his famous, 'They know nothing,' rant of 2007
"The fact is, I do have a better handle on the situation than the Fed does, just like in 2007," Cramer said on "Mad Money" Wednesday evening. "Oh, I hate to show such hubris on this show, or anywhere or at home. But I am sick and tired of a Fed that reverts to a non-rigorous, non-homework-oriented approach every time things look good. It's like they unlearned all the lessons of the Great Recession."
In 2007, Cramer sounded off on then-Fed Chairman Ben Bernanke and then-central bankers for ignoring signs of the impending financial crisis. "They're nuts. They know nothing," Cramer blasted at the time.
Cramer, in recent days, has been stepping up his criticism of the current Fed, blaming Powell and other policymakers for not looking more closely at the economic data before announcing its lockstep interest rate hike plans.
