Post 9hTT9DstuDAYrr4cHw by Debradelai@social.quodverum.com
(DIR) More posts by Debradelai@social.quodverum.com
(DIR) Post #9hTT9CSzB4qUTBwPFw by ShellsandBells@social.quodverum.com
2019-04-04T19:59:41Z
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Anyone have time for a serous discussion about The Fed and talks of Trump nominating Herman Cain & Stephen Moore? I have some serious concerns about extreme debt for our country (not blaming Trump for something he inherited) and the economy. Yes I know unemployment numbers are low, stock market is great but we DO have an asset bubble going on. How big those bubbles are depends on what you use for a base....
(DIR) Post #9hTT9DstuDAYrr4cHw by Debradelai@social.quodverum.com
2019-04-04T20:06:03Z
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@ShellsandBells Before we discuss anything, please clarify two points for me.1. If there is an asset bubble, then surely the Fed raising interest rates is the correct move, isn't it?2. How do you reconcile the notion of crippling debt you advance with a booming economy?
(DIR) Post #9hTTlx28UWBltmrOWe by ShellsandBells@social.quodverum.com
2019-04-04T20:13:04Z
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@Debradelai It’s complicated!I think the time for the Fed to slowly raise rates was when Obama was Pres. They did not for the obvious reason, you didn’t dare upset King Hussein. That would have slowed the asset bubble. People are addicted to low rates but it’s more than that. Important items are now more expensive because of regulation: houses, cars, etc. in order to afford that, consumers need cheaper rates. Cheaper rates drives the economy, creates more debt and savers lose out
(DIR) Post #9hTUDspFjH0WxO9YuG by ShellsandBells@social.quodverum.com
2019-04-04T20:14:32Z
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@Debradelai The Feds tried to dump the economy on Trump by raising rates too fast (basically making up for the last eight years. Trump knew it and had a little chit chat to end that. I agree with his actions
(DIR) Post #9hTUDt48puuvhZ7S76 by Debradelai@social.quodverum.com
2019-04-04T20:18:06Z
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@ShellsandBells You can't have it both ways.Is there an asset bubble or not?
(DIR) Post #9hTUL0Lm9S3cJxlGKG by Debradelai@social.quodverum.com
2019-04-04T20:19:24Z
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@ShellsandBells Aha.No, I don't have the time nor the inclination to discuss this with you.
(DIR) Post #9hTUfMbh6weJ8munLc by ShellsandBells@social.quodverum.com
2019-04-04T20:23:05Z
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@Debradelai Sorry, I had to log into a computer, cannot type on a little phone keyboard!Its only a bubble after it pops. Seriously. I've done housing for 30 years. Markets always change and its only a problem when the economy cant support it. There WAS a bubble in 2006 brought on by horrible lending practices. Saw it in the industry every single day. But when it "popped" it plunged too far down. It had a false bottom. Mostly by fear, people didn't believe it come back.
(DIR) Post #9hTVtEtOgpqPDtNM1I by ShellsandBells@social.quodverum.com
2019-04-04T20:26:56Z
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@Debradelai Housing made a come back because it was bought out by investors. Investors pushed housing prices and rent to skyrocket. I call it the new serfdom as regular people in can't afford to save a buy a property so the are stuck as renters (no, not everyone should buy a house either)When housing outpaces wages, that is when cracks begin to form. It's been forming for awhile. Top that with extreme debt of student loans, car loans and personal expenses there is no room to raise rates
(DIR) Post #9hTVtFLP0iFIckTifg by ShellsandBells@social.quodverum.com
2019-04-04T20:33:47Z
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@Debradelai The spring of 2006 the economy WAS booming, job market was at an all time high and so was housing.By October it all crashed along with the banks. Stock market crashed the following year.Fast forward to today-There is real concerns about Global debt. I think that is why China is talking with Trump. They need us as consumers.That is why I'm asking about Cain and Moore. I'm not familiar enough with their policies to see how the next step plays out.
(DIR) Post #9hTVtFUyR7tz6QxMae by Debradelai@social.quodverum.com
2019-04-04T20:36:46Z
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@ShellsandBells Yo apparently suffer from a serious case of verborhea.I asked you two specific questions.You chose, instead, to unload a barrage of inanities.For the second time, I have no interest in discussing this subject with you.You seem to lack the required basic knowledge.Please untag me.