Feds Cut Interest Rates 50bps As Debt Rises

2
95

The Feds dropped the interest rate by half a point. This will make Harris fare better, but it does not address the core problem. It will also make China and Wall Street happy.

This is BS. The economy isn’t strong. Every sector is a bubble: stocks, housing, autos, pensions, etc. Food and energy prices are bad. Harris’s idea is to control prices like a dictator and destroy capitalism.

Inflation was never under control, and it will get worse. Purchasing power will collapse further.

The problem is the core problem of ever-increasing debt.

Currently, and it’s getting worse, 55 cents on every dollar is going to interest.


You can comment on the article after the ads and subscribe to the Daily Newsletter here if you would like a quick view of the articles of the day and any late news:

PowerInbox
5 1 vote
Article Rating
2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Anonymous
Anonymous
8 months ago

Perfect Timiing to Rally the Market for Kamala the Gorilla!

ThinkAboutIt
ThinkAboutIt
8 months ago

**Feds Cut Interest Rates 50bps As Debt Rises** —
Shooting for $10/gal gas. $13 loaf of bread. $50 Pizza, and a $40 sandwich. Rate Cuts = More Inflation. They call it the Slow Burn economy, the fire dies down slowly until only ash remains.