The ECONOMY - This is Fine 🤪

[kevman65]

The ‘Fed’ does not make moves to help the economy or consumer, it makes moves to help the Fed-Gov. Period. The moves being made are meant to counteract high Fed-Gov spending. Inflation comes from one source- Fed-Gov spending.

This is why I got all my Retirement money out of anything tied to the market.

With them cutting the Fed Rate, it will affect my IRA's, but only on dividends/interest earned. They can no longer hurt hurt the principle.

 

[bobfriesenhahn]

Yikes this won’t be good for inflation no matter how much people wish for low interest rates it’s not a good thing sorry.

https://thehill.com/business/4886438-federal-reserve-interest-rate-cut/

I love that the article title says "Embolded Fed".

 

[bobfriesenhahn]

With them cutting the Fed Rate, it will affect my IRA's, but only on dividends/interest earned. They can no longer hurt hurt the principle.

But you need those dividends and interest earned to counteract the impact of inflation!

 

[NPC 6060⁸42]

But you need those dividends and interest earned to counteract the impact of inflation!

That’s it folks. Inflation the hidden tax on the middle class.

 

[NPC 6060⁸42]

 

[OverlanderJK]

View attachment 413939

If that wasn't planned....

 

[WJCO]

If that wasn't planned....

Total coincidence.