High Tax cuts heat up the economy- Inflation is here
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High Tax cuts heat up the economy- Inflation is here

By Tim Aurora following x   2018 Feb 14, 6:55am 136 views   10 comments   watch   sfw   quote     share    


https://finance.yahoo.com/news/inflation-heats-stocks-tumble-134723028.html

onsumer prices rose more than expected in January, sending Treasury yields higher and stock futures lower on Wednesday morning.
1   zzyzzx   ignore (1)   2018 Feb 14, 7:30am   ↑ like (2)   ↓ dislike (0)     quote      

When am I going to earn 4% on my savings account?
2   anon_7317d   ignore (0)   2018 Feb 14, 7:52am   ↑ like (0)   ↓ dislike (0)     quote      

Wait, what???

Haven't the Liberals been chanting that the tax cuts were ONLY going to help the 1%??

Now the Liberals are saying the tax cuts are heating up the economy (which benefits EVERYONE).

So, which is it???

A certain political party seems very confused. Is it the TDS causing the confusion?
4   Quigley   ignore (0)   2018 Feb 14, 7:58am   ↑ like (1)   ↓ dislike (0)     quote      

I’m hopin for 4% annual inflation from here out. That should set me real purty, as it makes large house loans much easier to pay off.
5   anon_d8885   ignore (0)   2018 Feb 14, 8:00am   ↑ like (0)   ↓ dislike (0)     quote      

That’s good news! Rising interest rates means mortgages will even be more expensive! I hope we get 7-8 on the 30y conventional
6   TwoScoopsPlissken   ignore (0)   2018 Feb 14, 8:06am   ↑ like (0)   ↓ dislike (0)     quote      

anon_d8885 says
That’s good news! Rising interest rates means mortgages will even be more expensive! I hope we get 7-8 on the 30y conventional


People have a limit as to how much monthly payment they can afford; lenders won't lend above what they think a borrower can borrow. So if people wanna sell, they need to lower the home price in order to find buyers if rates go up, and rates generally track inflation.
7   bob2356   ignore (1)   2018 Feb 14, 9:15am   ↑ like (0)   ↓ dislike (0)     quote      

anon_7317d says
Wait, what???

Haven't the Liberals been chanting that the tax cuts were ONLY going to help the 1%??

Now the Liberals are saying the tax cuts are heating up the economy (which benefits EVERYONE).

So, which is it???

A certain political party seems very confused. Is it the TDS causing the confusion?


Someone seems pretty seriously confused on how long it will be before the tax cut affects consumer prices. Hint, its more than the 9 days from dec 22nd signing until Jan 1.
8   anon_13ce6   ignore (0)   2018 Feb 14, 10:05am   ↑ like (0)   ↓ dislike (0)     quote      

Remember the last time interest rates started to shoot up? John Paulson needed a bazooka to save the economy. Hopefully that doesn't happen again.
9   HEYYOU   ignore (6)   2018 Feb 14, 12:06pm   ↑ like (0)   ↓ dislike (0)     quote      

Inflation- Takes more money to buy the same old shit.

My comment at
https://patrick.net/post/1313802/2018-02-14-yay-inflation

Inflation & wages go hand in hand.
If not it's not MAGA.
......
Only psychics take on debt,because they know they can always repay it in the future.
Their motto:"What could go wrong?"

~$1,500,000,000,000 in circulation.
Household debt ! $13,000,000,000,000
Damn math!
10   TwoScoopsPlissken   ignore (0)   2018 Feb 14, 12:21pm   ↑ like (0)   ↓ dislike (0)     quote      

Blessed modest inflation, here we come. A sign that the tide is rising, lifting all boats. Not just more fees and dues collected by the top 1%.

Wages rising:
https://www.cnbc.com/2018/01/09/goldman-sachs-says-us-wages-will-really-start-to-rise-this-year.html

There's so much pent up demand. Let's start a massive affordable housing program where developers get substantial tax cuts for building 150-250k 2-3 Bed/1.5-2 Bath units.

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