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honest.abe

(8,709 posts)
1. So it doesnt matter what is good for the country.. only what is good for Trump and damages Biden.
Fri Apr 5, 2024, 04:41 PM
Apr 5

sickening

hlthe2b

(102,979 posts)
3. F...k him--he's a damned MAGAT... Like Trump, begging for an economic downturn.
Fri Apr 5, 2024, 04:43 PM
Apr 5

Go to hell, Kudlow. You've earned your stay.

WarGamer

(12,842 posts)
11. I don't think there will be a rate cut til Q4... possibly none in 2024.
Fri Apr 5, 2024, 05:03 PM
Apr 5

You don't cut rates when UE is super low and incomes are rising and the markets are booming (according to the Fed)

gab13by13

(22,018 posts)
15. I wish I understood macroeconomics
Fri Apr 5, 2024, 05:20 PM
Apr 5

It just seems to me that everything the fed does is centered around a number 2.0 or 2.5 inflation rate, why?

Maybe the economy will run just fine at 3.0?

People can rig inflation. Just the talk of an Israeli/Iranian war moved oil prices to $90 a gallon. The prices of consumer goods increased during Covid because of a lack of supply, when do the prices go back down?

Negative Fed speak by the fed Minneapolis president tanked the market, now there are people talking about raising interest rates again. I am just a paranoid person I guess, what is so magical about the 2.0 inflation number?

I just learned that there has only been one Democratic Fed chair, Janet Yellen.

WarGamer

(12,842 posts)
16. Part of it is probably those on fixed incomes not being able to keep up at more than 2-2.5%...
Fri Apr 5, 2024, 05:28 PM
Apr 5

And gov't can't afford 4% COLA to SS

gab13by13

(22,018 posts)
17. I'm on a fixed income
Fri Apr 5, 2024, 05:52 PM
Apr 5

The only change I made was not going into debt, I pay cash for everything. I even buy organic food, um the milk tastes better.

That COLA SS raise isn’t even based on what it should be. Still not totally convinced but getting there.

Greybnk48

(10,210 posts)
12. Larry Kudlow is a fake economist. A fraud. A manufactured right wing mouthpiece/
Fri Apr 5, 2024, 05:06 PM
Apr 5

political propagandist. Calling him an "economist" is like saying the Republican Party is "the conservative party," or "the party of law and order." His ONLY degree is a BA in History 1969. He APPLIED to Princeton, but no MA degree. NADA. I don't think he ever actually attended. Just applied, and then put Princeton on his resume

''According to The Economist, Kudlow is "the quintessential member of the Republican Party's business wing."[7] Although in the media, Kudlow regularly comments on economic matters and served as Bear Stearns's chief economist from 1987 until 1994, he has no formal economics qualifications.[7]"
From Wikipedia


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