A new analysis from the budget hawks at The Committee for a Responsible Federal Budget (CRFB) predicts this week’s rate hike alone will add $2.1 trillion to government deficits over the next decade.
That’s just the 0.75 basis pt from this Fed mtg…not to mention the others
That’s what happens when you let the 🤡 drive the economy
🤦♂️
oh and all of the stock market returns are gone. But let’s let 🤡 write more checks.
hopefully everyone can afford groceries next month. But we’re saving money at the pump😉, since 🤡 conditioned us to paying $5/gallon at the pump.
So in less than 2 years…
0% return in the stock market.
$2.5T in government spending (but Joes “lowering” the deficit…😉….🤪🤪🤪)
And now it costs 5% for a home loan and credit cards are between 16-18%. For those of you who are happy you bought a home 6-12 months ago, the bubble is about to burst in the housing market 🙌🙌🙌
But, hey, everyone got to sit at home during COVID and got their free checks. 😉.
And Biden defeated COVID more than a year ago😉🤡🤡🤡
How’s everyone feeling about their situation. Enjoy it, it’s just going to get worse.
So let’s go vote for more Jackasses in the midterms👍 🙌🙌🙌🙌🙌
That’s just the 0.75 basis pt from this Fed mtg…not to mention the others
That’s what happens when you let the 🤡 drive the economy
🤦♂️
Fed rate hike could add $2.1 trillion to federal deficits, analysis finds
On top of everything else, the ongoing Federal Reserve campaign to tame inflation by raising interest rates is set to explode federal deficits even further in the years ahead.
finance.yahoo.com
oh and all of the stock market returns are gone. But let’s let 🤡 write more checks.
hopefully everyone can afford groceries next month. But we’re saving money at the pump😉, since 🤡 conditioned us to paying $5/gallon at the pump.
So in less than 2 years…
0% return in the stock market.
$2.5T in government spending (but Joes “lowering” the deficit…😉….🤪🤪🤪)
And now it costs 5% for a home loan and credit cards are between 16-18%. For those of you who are happy you bought a home 6-12 months ago, the bubble is about to burst in the housing market 🙌🙌🙌
Fed's Powell: U.S. housing market headed for 'correction'
"There was a big imbalance ... housing prices were going up at an unsustainably fast level," Powell said at a news conference following the Fed's decision to raise its policy rate by another 75 basis points. The Fed's rate hikes this year have had their biggest impact on the housing sector...
finance.yahoo.com
But, hey, everyone got to sit at home during COVID and got their free checks. 😉.
And Biden defeated COVID more than a year ago😉🤡🤡🤡
How’s everyone feeling about their situation. Enjoy it, it’s just going to get worse.
The Fed will hurt some Americans no matter what it does: Morning Brief
What to watch in markets on Wednesday, September 21, 2022.
finance.yahoo.com
So let’s go vote for more Jackasses in the midterms👍 🙌🙌🙌🙌🙌
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