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witler5
OC, CA
211 blogs/477 comments
since Feb 18 2020

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Fed Hikes Rates 75 Basis Points
Jul 27 2022 11:35PM more by witler5
Tags: LA, Current Events (All tags)

Yeah yeah!!
      
There are 15 comments on this blog.
socaliam
CA
4 blogs/2619 comments
since Sep 3 2007

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Jul 27 2022 11:57PM     link to this

I'm not worried, the latest spokes hole said we're well positioned to face it, and can thank Biden.
Angler1
CA
90 blogs/5963 comments
since Jan 6 2008

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Jul 27 2022 11:58PM     link to this

But the WH said inflation has peaked! 🤣🤣
DrBoogie
El Monte, SGV, LA, CA
0 blogs/1057 comments
since May 31 2018

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Jul 28 2022 04:45AM     link to this

Higher interest rates means less consumption. It may slow down inflation
but many people will be spending less. This is bad news for businesses.
We are moving in the direction where many people only have money to survive.
No money for entertainment or eating out.
It will be interesting to see how many people will be attending sporting events,
dining out or in the nightclubs and bars, this fall.
This holiday season will not be a joyous one for many. 😂
DrBoogie
El Monte, SGV, LA, CA
0 blogs/1057 comments
since May 31 2018

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Jul 28 2022 04:49AM     link to this

Oh yeah! This is bad news for the women of HX. 😪
Frankbear22
CA
14 blogs/495 comments
since Mar 31 2022

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Jul 28 2022 06:39AM     link to this

Rates are still low. I was getting 17% interest on my cash when Jimmy was the Prez
Sbsurf40s
OC, CA
53 blogs/265 comments
since Apr 13 2016

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Jul 28 2022 07:51AM     link to this

Who's Jimmy? If you had money in the bank when Jimmy was in charge, you are almost as old as a rock.

Rate goes up, better to have assets than cash.
jackrabbit33
La Jolla, San Diego, CA
28 blogs/4363 comments
since May 14 2012

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Jul 28 2022 10:18AM     link to this

And Joe Manchin has caved in to further reckless spending bills.

Gotta save the climate!

Inflation surges, Fed bumps up interest rate, what does Congress do?...

Print more money 🤦‍♂️


Complete stupidity


jackrabbit33
La Jolla, San Diego, CA
28 blogs/4363 comments
since May 14 2012

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Jul 28 2022 10:19AM     link to this

We have complete idots in the WH right now
Sbsurf40s
OC, CA
53 blogs/265 comments
since Apr 13 2016

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Jul 28 2022 11:09AM     link to this

Don't we always print and spend money, regardless of who lives in the big white house?
remo_williams
Irvine, OC, CA
16 blogs/1133 comments
since Feb 14 2006

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Jul 28 2022 12:53PM     link to this

You know you are in trouble when leftist media such as CNBC even *mentions* stagflation as a possibility.

Shock to the system, hike in oil, higher costs to do business (supply chain issues), higher interest rates, fed printing money, the variable is unemployment.

I'm of the opinion that Brain Dead Biden is Jimmy Carter 2.0
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CNBC - stagflation - on horizon.
jackrabbit33
La Jolla, San Diego, CA
28 blogs/4363 comments
since May 14 2012

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Jul 28 2022 01:19PM     link to this

There's been a shit ton of irresponsible spending in the past 2 years brought on by COVID and now transitioning to "build back better" and "green new deal".


In case you forgot COVID was manufactured in a Wuhan lab by the CCP and Dr Fauci supported the research through NIH funding.


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Surplus/Deficit by year
Sbsurf40s
OC, CA
53 blogs/265 comments
since Apr 13 2016

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Jul 28 2022 02:12PM     link to this

That's right.. COVID is the jina virus, aka kung flu.
InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

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Jul 28 2022 04:14PM     link to this

looks like if we got back to half-trill...we'd be golden

GoBallsDeep
Fullerton, OC, CA
152 blogs/11237 comments
since Dec 12 2019

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Jul 28 2022 09:33PM     link to this

Republicans just got ass fucked by Manchin & Schumer
Couldn't happen to a nicer bunch of fucking morons
Reps suck ass
InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

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Jul 28 2022 09:42PM     link to this

80B for IRS is not good

the last time this came up? they wanted to ram that 600 dollar limit for 1099 reporting

this ain't done yet...the DEMs will try and add some shit to it...like voting or few more states

There are 15 comments on this blog.