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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Zen Dollar Round who wrote (55268)	10/7/2022 9:20:52 AM
From: Madharry	Read Replies (1) \| Respond to of 56535

this brings back a painful memory , when my son was about 3 we lost him for about 45 minutes in Mall of America. that was about 25 of the most terrifying minutes of my life. Perhaps I am delusional listening to everyone talk about the fed and the need for rate hikes to quell inflation, but I feel like the fed is pushing on a door that says pull. as i said before this inflation stemmed from shortages and easy money which drove people out of the labor pool which created more shortages. irrespective of what the fed does , they dont control oil prices or government spending some of which is mandated, or immigration visas, or supply chain constraints. raising rates will mostly likely result in less goods being produced but affluent people and people on social security will greatly benefit from increased rates as they will earn more money on their savings and social security will go up by about 9%. they should be embarking on policies that will increase production as what they are doing will have little impact on demand but will reduce supply. Instead we now have headlines like GE reducing 20% of their head count in their wind turbine area. not what anyone wants to see i imagine. also i wonder what the cost will be in increasing the deficit because the govt has an increasing interest cost across the board. Years from now this will go down as being one of the most inept feds ever.