Jfms99
577 posts, incept 2009-10-06
2024-11-14 09:37:25
I predicted almost a year ago that there was gonna be a rate decrease. I wasnt sure when it was gonna happen but it did. We had 50 basis point cut September now the Fed has had another 25 basis point.
I saw that coming also. I have thought all along for inflation has not gone away. All they have done is manipulate the numbers to get what they wanted to justify that 75 basis point drop.
Now I have also predicted that sometime next year probably in the at the end of the first or second quarter youre going to start seeing rate increases and theyre gonna have to start moving that right up to 10% or better.
Trump will be doing everything he can to get the fed to push rates down, which will be very inflation as we know.
Neither Trump nor Harris put forth any plans or thinking on how to deal with the debt, the deficit, and the out of control, spending primarily in healthcare. You can be sure that one item that is going to go up is defense spending, again were up over $1 trillion in defense spending and its gonna go up even higher. The choices he made in his cabinet indicate to me the war neocons are still in charge, and the Middle East will continue to be the extreme hotspot to watch.
My prediction is that Trump in the next four years will add probably another eight to $10 trillion to the national debt . The federal reserve is going to end up having to monetize a great deal of our debt simply because world events are changing, and they are changing against us, particularly countries moving away from the dollar as a reserve currency, the rise of the BRICS in Eurasia and other factors.