DescentBB

The coming recession is a choice.

"We see today that there is a bit of a savings buffer still sitting for households, that may allow them to continue to spend in a way that keeps demand strong," said Esther George, president of the Federal Reserve Bank of Kansas City. "That suggests we may have to keep at this for a while."

Link

Yep. Profit and blood money. The rich get richer, the poor and the middle class gets soaked, in housing and transportation, even though Powell seems to think we all have boatloads of spending cash just stuffed into our mattresses. I'm also not seeing my bank pass on any of those higher interest rates in my savings account either.

https://www.reuters.com/business/energy ... 022-10-28/

https://www.reuters.com/article/global- ... SL8N1JD42A

I think that's what my credit card company was trying to say to me with this months interest rate increase.

Fortunately, I have no debt any longer and I have some money put away.

Ditto here Ferno.

New York Times wrote:Job growth remained stubbornly robust, defying efforts to curb inflation

Link

You see, there's a correct number of people we need to be unemployed. The floggings will continue until morale improves.

Almost as if job growth isn't related to inflation in any shape or form.

I agree with Tunnelcat.

Burlyman wrote: ↑Sat Nov 05, 2022 2:28 pm I agree with Tunnelcat.

lol