"BMT Investors" Bulletin Board

[kscarbel2]

"There is no risk-free path for policy as we navigate this tension between our employment and inflation goals. The decision to lower rates was a close call. I can make a case for either side. A reasonable base case is that the effects of tariffs on inflation will be relatively short-lived, effectively a one-time shift in the price level. Our obligation is to make sure that a one-time increase in the price level does not become an ongoing inflation problem, but with downside risks to employment having risen in recent months, the balance of risks has shifted."

Fed Chair Powell

Powell downplayed dissenting votes against Wednesday’s decision to lower interest rates again, but a slew of finer details from the meeting revealed just how divided the central bank has become. He  pushed through the quarter percentage point cut not only over the objection of a few voters. A much larger group of regional Fed bank presidents who participated in the debate but weren’t among this year’s voting roster also opposed the cut.

 

 

 

 

 

 

 

 

 

 

 

 

 

[mowerman]

The whole thing sucks if you’re paying 6-700,000 for a house these days that is not a whole lot we could do about it …off the subject but I remember years ago California auto insurance was way out of control I was paying 8,000 a year on my U model and somebody did something about it … it dropped to half that years later now this place is the same way no but there’s so many stupid  people here now I can hardly blame insurance companys for socking  it to us … don’t even wanna get into that lol 

[mowerman]

Pretty much  lots of people lining  their pockets with that extra interest while  the rest of us are paying the price … it would probably take a lifetime to straighten out all the issues we have here