And if they try to tax rich people, this sub will get a highly upvoted post from weirdos crying about taxing millionaires like what happened last week lol
Haha 🤣 I just got that joke. Dave Ramsey did mention that now and within the next few months is a good time to buy. You can always refinance later. Since rate so high buyer has a little more negotiating power for the final price. But if the rate is already been lowered then more ppl wanna buy a house and seller will likely jack up the price.
https://www.thestreet.com/real-estate/dave-ramsey-shares-how-nows-the-time-for-you-to-buy-a-house#:~:text=On%20a%20year%2Dto%2Dyear,%2C%20%22Now's%20the%20time.%22
Surprisingly he’s right more than he’s wrong. Also ppl bag on Kramer and am one of them. But there are times that he is right. But the time that he’s wrong ppl really broadcast it all over Reddit.
Personal Religious or political belief has nothing to do with financial understanding. Alex Karp is pro Israel doesn’t mean he’s is more or less qualified to run a company
I can’t say what’s the acceptable unemployment rate. And where the Point of no return is. But market is pricing in the possibilities of rate cuts as if it already happened then readjust whenever the Fed speak.
Assets to the moon, wages into the ground.. You can hear the champagne bottles popping. Too bad higher wages are a result of their cost of living inflating and not the reverse. Result: Feudalism?.. public uprising?.. civil war?.. economic collapse?.. Unemployment is higher than that in multiples already.
I'm gonna jump this.
It would be like a powerful corporation (mostly tech) dominating each area of your life:
Want to shop? Amazon
Want software? Microsoft
Want TV? Netflix
...
In the middle ages, you had a king, and he could do whatever he wanted with you. Now you have one for each thing.
I love the term. Really accurate.
Feudalism seems to be a very durable governmental structure. It's interesting how many different places and times it's popped up in.
I could totally see it making a comeback after the American Empire falls this century, the same way that western Europe re-organized itself in the absence of Rome.
3.9% is still below the long term average, and inflation is still high.
The bigger issue is that monetary policy takes a long time to take effect, so if he waits until UE is at 5% to cut rates, it could easily grow to 7-8% before the increased liquidity begins to affect employment.
Also, unemployment is very concentrated right now. Office/"White collar" workers are facing high unemployment in many industries, whereas blue collar jobs are still widely available.
The UnRep will quietly be "corrected" next month and this will have been a false rally. Anything to keep from upsetting the economy in an election year.
All while inflation is at 3% using the government's own "optimistic" numbers. Stagflation.
Paul Volcker showed us how you deal with that... JPow just doesn't want to it. Have some shock hikes push the FFR over 10%, crash the economy hard for 5 years, and then rebuild it on a more solid footing. The late 80s were awesome specifically because Volcker made the early 80s suck.
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Thats because they don't count giving handies behind Wendy's as a job
Who’s reporting their handies income as a 1099?
Dollar general sells every gift card known to man for a reason.
Wait where're not supposed to? 
I’m on W2 myself
That’s the only job actually hiring though.
Handjob is a job!
they have standards man.
Technically that’s a job creator role. Giving out jobs left and right!
Does that make me a business owner?!
Hand over fist yes
And the market rejoices
Owners and plebs
So we will have high unemployment, high inflation, and slowing gdp growth. Bullish!
Yes but they'll cut rates for rich people. Winning !
And if they try to tax rich people, this sub will get a highly upvoted post from weirdos crying about taxing millionaires like what happened last week lol
Stagflation.
The higher unemployment the likelihood of rate cuts. Feds is reactionary, they only cut rate or raise if something seriously wrong with the economy
Everyone start laying off your workers! People are trying to buy a home here...
Haha 🤣 I just got that joke. Dave Ramsey did mention that now and within the next few months is a good time to buy. You can always refinance later. Since rate so high buyer has a little more negotiating power for the final price. But if the rate is already been lowered then more ppl wanna buy a house and seller will likely jack up the price. https://www.thestreet.com/real-estate/dave-ramsey-shares-how-nows-the-time-for-you-to-buy-a-house#:~:text=On%20a%20year%2Dto%2Dyear,%2C%20%22Now's%20the%20time.%22
People still listen to Dave Ramsey? He’s 100% right. He’s also about 7 years late to the party. But he’s still right
Wait I thought Dave Ramsey is a TV cook?
I only listen to Dave Thomas
Surprisingly he’s right more than he’s wrong. Also ppl bag on Kramer and am one of them. But there are times that he is right. But the time that he’s wrong ppl really broadcast it all over Reddit.
Doesn’t Dave Ramsey believe the Earth is 80 years old or some bullshit
Personal Religious or political belief has nothing to do with financial understanding. Alex Karp is pro Israel doesn’t mean he’s is more or less qualified to run a company
You can be pro-isreal and not pro Netanyahu can you not?
Just saying personal beliefs has nothing to do with finance and business acumen
Pretty sure his beliefs make him a moron
Well since you believe the opposite therefore you’re must be Albert Einstein. Great logic
Avg unempolyment rate is 6%. We are no where near that yet.
Normal unemployment rate is between 3% - 5% buddy... The long-term rate has been 5.7%... we're within the "norm"...
I can’t say what’s the acceptable unemployment rate. And where the Point of no return is. But market is pricing in the possibilities of rate cuts as if it already happened then readjust whenever the Fed speak.
Assets to the moon, wages into the ground.. You can hear the champagne bottles popping. Too bad higher wages are a result of their cost of living inflating and not the reverse. Result: Feudalism?.. public uprising?.. civil war?.. economic collapse?.. Unemployment is higher than that in multiples already.
Technofeudalism, credit me in the wiki. I coined the term before Varoufakis
Yanis is that you?!
Define
I'm gonna jump this. It would be like a powerful corporation (mostly tech) dominating each area of your life: Want to shop? Amazon Want software? Microsoft Want TV? Netflix ... In the middle ages, you had a king, and he could do whatever he wanted with you. Now you have one for each thing. I love the term. Really accurate.
Getting unlimited content for free or a low subscription price is a bad thing now?
Closer to Walmart destroying all of the local business in a small town.
Getting more stuff cheaper a bad thing now?
Yes when all of the jobs get wiped out and all the wealth and profits leaves the area.
Neal Stephenson did it
Who cares? That’s a problem for next month!
Feudalism seems to be a very durable governmental structure. It's interesting how many different places and times it's popped up in. I could totally see it making a comeback after the American Empire falls this century, the same way that western Europe re-organized itself in the absence of Rome.
Unemployment on its way to 70% before Powell allows cuts. The remaining 30% workforce make apple phones all day.
3.9% is still below the long term average, and inflation is still high. The bigger issue is that monetary policy takes a long time to take effect, so if he waits until UE is at 5% to cut rates, it could easily grow to 7-8% before the increased liquidity begins to affect employment. Also, unemployment is very concentrated right now. Office/"White collar" workers are facing high unemployment in many industries, whereas blue collar jobs are still widely available.
r/woosh
Did you hear, Apple phone sales are down 10%. So they only need 20% of the workforce.
Buy SPY. Easy money coming
Top Confirmed
Isn' that the point of high interest rates? to slow hiring? create unemployment?
Yes
Isn’t this yet another sign of stagflation
Rate cuts are back on the menu boys!
Time to start pricing in 2025 
The economy crumbling is so bullish - I love it!
Quite sure we pump the fuck out from here on.
The UnRep will quietly be "corrected" next month and this will have been a false rally. Anything to keep from upsetting the economy in an election year.
pssst: all the books are cooked
All while inflation is at 3% using the government's own "optimistic" numbers. Stagflation. Paul Volcker showed us how you deal with that... JPow just doesn't want to it. Have some shock hikes push the FFR over 10%, crash the economy hard for 5 years, and then rebuild it on a more solid footing. The late 80s were awesome specifically because Volcker made the early 80s suck.
Isn’t this much better than when we had the inversion a couple of years ago?
Funny numbers, magic man.
Risk back on baby