American Economics Thread

[Coalescence]

View attachment 85900

Let see if you can print your way out of this, old man!

 

[Equation]

Here you go...

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[Overbom]

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Inflation is so hot the Fed may have to hike interest rates like it's 1994​

Now, Citigroup is upping the ante. Citi economists said Friday they expect the Fed will boost interest rates by a half a percentage point during each of the next four meetings. And Citi left the door open for even more aggressive steps, such as big rate hikes at every remaining meeting this year.

 

[Tam]

This is a great interview and a must watch to the end.

 

[9dashline]

So I went to taco cabana today, ordered five hard shell tacos, (nothing else no drinks etc) costing me after tax about $17 dollars.... compare to say five years ago at Jack in the Box I was getting four tacos for two bucks....

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Most Americans making less than $50k/year are effectively near or below what used to be considered the poverty level just a decade ago

 

[GodRektsNoobs]

So I went to taco cabana today, ordered five hard shell tacos, (nothing else no drinks etc) costing me after tax about $17 dollars.... compare to say five years ago at Jack in the Box I was getting four tacos for two bucks....

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Most Americans making less than $50k/year are effectively near or below what used to be considered the poverty level just a decade ago

4 tacos for $2? That's insane. In Canada we only occasionally get Big Mac for $3. Right now in a small town of ~7000 in interior BC mountains, a package of thick slab bacon cost $23.46 and a can of Campbell's Chunky Beef soup cost $4.67! Rural folks are being decimated.

 

[9dashline]

 

[KYli]

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[KYli]

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[Overbom]

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The US housing market is starting to show signs of stress as a sharp uptick in mortgage rates and high home prices push potential buyers to the sidelines and some investors look elsewhere for higher returns.

Average interest rates for a 30-year fixed-rate mortgage in the US swung to 4.42 per cent in the latest Freddie Mac weekly survey after hitting a record low of 2.65 per cent in January 2021.