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Everything posted by Tommy Callahan
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Even little kids learn about the boy that cried wolf. Lying car salesmen don't get repeat customers. One would be a moron to believe any of you after the years of you being dead wrong. Or the talking heads at the for-profit commentary sites you all parrot.
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That was cool when the computers glitched out 30 minutes before the closing bell and Nasdaq dropped 1.3% in 30 mins. But then again, when everything is an artificial bubble. doesn't take much. 3 cuts https://www.usnews.com/news/economy/articles/2023-12-13/fed-signals-three-rate-cuts-in-2024-end-of-higher-interest-rate-cycle https://www.wsj.com/personal-finance/mortgages/interest-rate-cuts-2024-mortgages-76172791 6 cuts (that would mean it's a hell of a recession) https://www.morningstar.com/economy/we-predict-6-interest-rate-cuts-2024 Caldwell: In addition to the first cut in March 2024, we’re expecting a total of six cuts for the whole year. That will bring the federal-funds rate down from currently at a 5.25% to 5.50% range. It will take that down to a 3.75%-4.00% target range. So, that’s a 150-basis-point reduction from current levels by the end of 2024. And then, we’re expecting further cuts, another 150 basis points of cuts in 2025, taking the federal-funds rate down to 2.25% by the end of that year. And then, even in 2026, we expect it to get down as low as 1.75%. So that’s taking the federal-funds rate really all the way back down to about prepandemic levels
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The real reason that we can't have the Ten Commandments in a courthouse: You cannot post "Thou shalt not steal," "Thou shalt not commit adultery," and "Thou shalt not lie" in a building full of lawyers, judges, and politicians. It creates a hostile work environment. — George Carlin only obvious to people lacking critical thinking skills and believe whatever the talking heads and NYT/Wa-Po post.
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I hate to make predictions, but I think the economy is going to be permanently changed for the worse. I think our foreign policy is going to lead to changes that will be definitely for the worse, particularly if we drift into a nuclear Iran, which I gather that's what the administration is doing. Thomas Sowell
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Thomas Sowell - Quote of the Day
Tommy Callahan replied to dubs's topic in Politics, Polls, and Pundits
In various countries and times, leaders of groups that lagged behind, economically and educationally, have taught their followers to blame all their problems on other people - and to hate those other people. Thomas Sowell -
Someone once said that many bad policies are just good policies that have been carried too far. For example, we have taken tolerance to such an extreme that we tolerate the immigration into our country of millions of intolerant people who hate millions of Americans who are already here. Thomas Sowell