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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bonefish who wrote (1362419)	6/13/2022 3:06:37 PM
From: Bill	1 Recommendation Recommended By Bonefish Respond to of 1576012

There's regular waste, and then there's this kind of odious Democrat offal.

To: Bonefish who wrote (1362419)	6/13/2022 3:56:32 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 1576012

Bears talking spx 3,400 by end of the year...Is this Friday the end of the year? Cause that's what it's looking like. +++++++++++ by Phoenix Capital Research Monday, Jun 13, 2022 - 3:55 By Graham Summers, MBA Let’s cut through the BS. The Fed claims it wants to end inflation… but it can’t. Sure it can talk tough, but we all know the Fed is going to “take a knee” sooner rather than later. Why? This: [url=][/url] The U.S. has over $31 TRILLION in debt. At these debt levels, every 1% increase in rates means an additional $310 BILLION in interest payments. We were already paying $305 billion in interest payments per year when rates were at ZERO. They’re now at 1% and the Fed claims it’s going to raise them to 3%. This would mean the U.S. spending nearly $1 TRILLION in interest payments… without reducing our debt by even a penny. In fact, according to the Congressional Budget Office, we’re going to run a $2 trillion deficit this year… which means our total debt amount will rise to $33 TRILLION… which means every 1% increase in rates will lead to $330 billion more in debt payments. You get the general idea. Simply put, the Fed is out of its mind if it thinks it can stop inflation without blowing up the entire bond markets. Which means… the Fed will have to let inflation rage. The alternative is a debt crisis that makes 2008 look like a joke.