22 years. That's the first time the FED raised rates by 1/2% in 22 years is all anyone needs to know just how bad this inflation truly is.
They will start shrinking their balance sheet in June. That is the VOODOO ECONOMICS where our own Federal Reserve buys our OWN DEBT.
We saw that after the Real Estate meltdown 2008-09.
As crazy as that is the FED statement was even more alarming. They basically signaled 1/2% hikes going forward a few more times this year.
Then we have this article by CNN that the FED wants the stock market to drop or cool off.
All part of a much too late economy "cooling off" period. This will of course include and impact Real Estate going forward.
Problem is the damage can not be fully UNDONE.
If you are in power now DEMOCRATS this is the worst news for you as I expect ( you should too) that you will be replaced in the next election or 2.
PEOPLE VOTE WITH THEIR POCKETS!!
They will start shrinking their balance sheet in June. That is the VOODOO ECONOMICS where our own Federal Reserve buys our OWN DEBT.
We saw that after the Real Estate meltdown 2008-09.
As crazy as that is the FED statement was even more alarming. They basically signaled 1/2% hikes going forward a few more times this year.
Then we have this article by CNN that the FED wants the stock market to drop or cool off.
Stock market selloff is exactly what the Fed wants, former NY Fed chief says | CNN Business
Turmoil on Wall Street is a feature, not a bug, of the Federal Reserve's fight against inflation, according to former New York Federal Reserve President Bill Dudley.
www.cnn.com
All part of a much too late economy "cooling off" period. This will of course include and impact Real Estate going forward.
Problem is the damage can not be fully UNDONE.
If you are in power now DEMOCRATS this is the worst news for you as I expect ( you should too) that you will be replaced in the next election or 2.
PEOPLE VOTE WITH THEIR POCKETS!!