Fed Raises US Rates by a Quarter Point, Signaling Possible Pause - Slashdot
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Fed Raises US Rates by a Quarter Point, Signaling Possible Pause
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The Dylan Mulvaney thing is only recent, since April 1st. While the stock took a hit, it seemingly bounced back, so that any variation is probably in the normal range of noise.
We really won't know the results for awhile. Sales have *reportedly* dropped over 20%, and this won't be reflected in the financials until the next quarterly report, about another 3 months or so. The stock price won't be affected until just before the quarterly report (because analysts will start predicting things a few days ahead of
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> The Dylan thing was the dumbest thing I've ever seen grown me get upset at.
To be fair that prize clearly goes to the Cocoa Krispies mascot removal. But if that doesn't hit your threshold for outrage then Aunt Jemima is second.
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Those are also indeed pretty silly.
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The Dylan thing was the dumbest thing I've ever seen grown me get upset at. For years Coors has sponsored the Denver gay pride parade and is even a giant logo on that site. Not one peep out of these people. Suddenly a tiktok shows a half dozen cans of a beer (no public ads, no change in cans in the real world, no mass marketing, nothing really) and the whole red neck world loses its mind.
It's simple really....for some reason, Budweiser simply somehow forgot who their target audience for their product is.
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most guys still are masculine and want to be associated with masculine things and ways of life.
Exactly. They want to be in masculine professions such as police [imgur.com] or homeland security [imgur.com] so they can molest and rape children and view all the kiddy porn they want while they support other masculine misogynists [imgur.com].
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"NO guy wants to order a beer and instantly have friends and strangers in a bar come up and start poking fun questioning his masculinity."
Men don't care about shit like that unless they are unsure of their masculinity. A bit like the gay bathroom Republicans.
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Mike Lindell should probably be in jail for fraud. BB&B was failing long before ditching that guy.
It's like blaming Marissa Mayer for Yahoo's failure. Yahoo was already toast before hiring her. She didn't save it but it was already a lost cause. -
As somebody nearby pointed out, Bud has been a Gay Pride sponsor for a while. The sudden publicity was a random viral incident.
> Disney pulled its exec and brought Bob Iger out of retirement for apparently the same reason, and this might indicate that Disney is changing course as well.
Iger told Ron S. off.
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Correction, Ron D., Governor of FL.
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Oh look, the SJW is proposing Cancel Culture.;)
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Don't feed the trolls.
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Hey I'm just tellin' it like it is. That's a virtue, right?
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Maybe those people should just learn to code, right?
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It's a high enough number to allow the ownership class to crush labor, which is for the first time in almost forty years starting to make hints of progress at getting back some of the wages its owned after quantum leaps in productivity and zero wage growth for nearly that whole time (unless you're in the top 10%).
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Rich guy comes out in favor of putting the boot to the necks of the working class.
That's a real surprising take you relayed there from your broker.
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He doesn't want a recession. He wants 2% inflation. Inflation targeting is the current consensus among central bankers. It just so happens that in the current climate, getting us to 2% inflation is really hard to do without inducing a recession.
I'm not arguing one way or another about the concept of inflation targeting or the specific value. Smarter economic minds than me have come up with all this. I'm just telling you what I've heard.
AFAIK, the notion of an inflation target, generally shared among developed nations is a kind of replacement for Bretton Woods and fixed exchange rates. The idea is to keep inflation generally the same in between trading partners so that you don't get too much trade imbalance.
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Whatever the reason....
My high yield savings accounts are loving this right now.....
It's been so long since savings accounts actually paid interest, it's nice to have that again.
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through 4 years of un or under employment?
If you're retired I get it. One of the major problems we have is a huge number of people disconnected from the working economy. e.g. with no reason to care if anyone has a job.
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Inflation is mostly an internal metric. It doesn't affect exchange rates as much as you might think. Targeting two percent inflation is to provide predictable prices and stability, which lets everyone plan more effectively and makes economies more efficient.
A high inflation rate encourages spending and investing while a low one encourages saving. Positive inflation provides an incentive not to hoard money, but keeping it low doesn't discourage sensible saving and doesn't push people into wild investment.
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I'm saying that our current inflation has nothing to do with Interest Rates and that Jerome Powell knows that.
He's been hiking rates for months now. How's that inflation thing going? When does he stop? 10%? 20% 70%
How many Americans need to lose their jobs? Powell says 2 million. History says another 1.5 million will follow. Powell has no plan to stop the layoffs when they start.
You speak about all this like it doesn't affect you. If you're retired maybe you're right. But most of us here still wo-
Increasing interest rates decreases inflation. There's a lot of experience behind that observation. Yes, it's unpleasant. Not doing anything tends to be more unpleasant.
The world has had a zero interest rate free money party going for the last twelve or thirteen years. Now it's hangover time. Welcome to reality. The time to complain was a decade ago; today the options range between "painful" and "oh shit." If you're struggling with a ~5% interest rate on a mortgage or something, which is still among the low
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Inflation rate for the last year as of:
August 2022: 10.8%
September 2022: 8.8%
October 2022: 6.5%
November 2022: 6.2%
December 2022: 3.7%
January 2023: 0.3%
February 2023: 2.0%
March 2023: 3.2%
April 2023: 3.4%-
Oops, that's actually the annualized rate over the last six months as of the given date.
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"Hoarding money" is what people used to call "saving for the future".
The existence of the Federal Reserve and fractional reserve banking effectively makes that an impossibility.
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No, hoarding money is doing things like sticking it in your mattress. That money becomes unproductive.
Investing, or putting your money in a bank (so they can invest it) is not hoarding. The money is used for productive purposes.
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Considering we've been in a recession since July of last year (by historic metrics), and there's economic tightening everywhere while prices continue to rise, it's unlikely they'll be able to achieve anything close to 2% inflation or avoid recession. Very slim odds.
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No, he does not want a recession. Fed R. is trying to get a "soft landing", such that GDP may skim around 0% growth for a while (to curb inflation), but hopefully not go negative.
History shows it's not easy, though. We'll need luck to avoid a recession. Controlling the econ through interest rates is kind of like driving a truck where the steering has a 5 second latency. If you anticipate wrong, you end up inside an apartment building.
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There's no such thing as a soft economic landing. And there's absolutely zero possibility of no recession upcoming. We had one last summer, under the classic definition, which was then changed by the media in order to keep the current president from looking bad.
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It's been painful for a couple of years now (looked at your grocery store bill lately?), but it's going to get much, much more painful. And it's completely necessary. We're dangerously close to the kind of 70's style Stagflation that we thought was a historical one-off. It took Paul Volcker's cold-blooded rate raises to get it under control. There's simply no other way to do it, and it's going to hurt. A lot. So prepare accordingly.
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https://fred.stlouisfed.org/se... [stlouisfed.org]
Maybe we shouldn't have given the banksters what amounts to unlimited free money for close to 10 of the last 13 years.
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Why, in the year of our lord 2023, do we have to all get the rug pulled out from under us every 10 years?
And you know what I mean when I say "recession". I mean a long period of austerity measures for working class folk. Lower pay, longer hours, belt tightening for anyone that makes under $1 mil/yr. People losing their houses and cars. That's what is being engineered here, and has been every 10 years since I was a lad, and I'm old
We know exactly what to do to stop this crap. We did it post WWII and-
WTF do you mean you're old? You're the one always talking about my generation (referring to me specifically) being out of voting age soon despite the fact that I was born in 1982, basically the beginning of what's commonly referred to as the millennials, and nowhere close to retirement, let alone voting age.
And who is "us"? I've never had the rug pulled out from me by anybody except from my own personal health issues, and despite which I'm doing pretty well thank you very much. Sure, I don't make a million
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The US GDP grew by 1.1% during the first quarter (and yes, this is the inflation-adjusted GDP growth rate). The inflation was down to 4.2%
Inflation is expected to drop to 3.5% by the end of Q2. The expectation is 3% by the end of 2023, with the current policies. It's still higher than the target 2%, but it's not catastrophically higher.
So what is going to be the trigger for the recession?
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The core value of the left in the US is equal opportunity, not that everyone should be equal. This generally means advocating for equity in society and not just equality. The difference being that equality is everyone being treated the same (which advantages those who already have advantages), while equity is understanding people with different circumstances need to be treated differently to provide meaningful equality of opportunity. Your statement is just a weak right wing strawman.
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The left is acknowledging that not everyone has the same starting point, so more for those who has less ends up in a more equal outcome, given equal work.
The other way is to acknowledge that some have a head start given to them by others, and to give THEM more, ensuring they continue pulling ahead of other Americans.
If you arenâ(TM)t already rich, you arenâ(TM)t part of that group, and you never will be. You may be doing alright, but that will dwindle in time as those with more, continue to take higher percentages out of the economy, at the expense of the rest.
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The right does not support equal opportunity. The most generous statement would be they support equality, which is treating everyone the same regardless of circumstance. You can see this in their stance on affirmative action. This approach does not lead to equal opportunity, because some are born into more privilege than others.
The left supports equal opportunity through equity, or at least a constant improvement in equal opportunity (it would be realistically impossible for complete equality of opportunity
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That you wish or fantasize something to be so does not make it so.
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Your last statement is very accurate. The Democratic party barely pays lip service to the left, which leads to a lot of "what have you ever done for me" sentiment among those who would most benefit from a leftist ideology. And when this leads to low voter turnout or even voting for right leaning populists it becomes a very dangerous mentality that holds back change. It trades away the possibility for limited change and replaces it with no change (or regressive change recently in the US).
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The core value of the left in the US is equal opportunity, not that everyone should be equal. This generally means advocating for equity in society and not just equality. The difference being that equality is everyone being treated the same (which advantages those who already have advantages), while equity is understanding people with different circumstances need to be treated differently to provide meaningful equality of opportunity. Your statement is just a weak right wing strawman.The core value of the l
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You are getting the definitions of these terms very wrong. Equality is equal treatment, and equity is equal opportunity. Neither are equal outcome. That is a right wing strawman argument.
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He doesn't care whether you (the common you) lose your job. He cares about the same thing all people currently in power care about. Wealth consolidation. This will wipe out yet more small businesses, and take yet more money out of the general pool where it's within reach of the middle class and lower class and put it squarely into the greedy hands of the "already have plenty class."
THAT is all he cares about, no matter how he tries to spin it.
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Powell's job is to protect the value of the dollar, nothing else. It is not his job to:
Ensure competition
Stop monopolies
Provide jobs
Prop up zombie banks and other businessesIf you desire these things, look to Congress, not the Fed. Higher rates are a symptom of an irresponsible government.
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that's what the Federal Reserve does. And he's stepping outside that and into politics. He's decided workers need to be put in their place. That *you* need to be put in your place.
Maybe you won't lose your job in Powell's recession, but you'll stop getting promotions and pay raises. More work, more responsibility. But no promotions or pay raises. The entire point of what he's doing is to reduce the value of labor. He's admitting that himself. The only question is do you believe his reasons *why* he's do
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I wonder if they will learn anything from this... I hope soon they will see that the interest rate lever isn't really that effective at curbing inflation that isn't really caused by an overly exuberant economy. Is all the economic and personal harm really worth the minimal effect interest rates have actually had on inflation? Inflation went down less in recent past than gold has gone up, so is the dollar any stronger than it would be if they just left the economy alone? Can anyone that needs a loan to buy
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