‘‘End Hedge Fund Control of American Homes Act’’ https://www.merkley.senate.gov/wp-content/uploads/2023/12/MCG23660.pdf I'll go out on a limb and say it's already DOA...
Many of the items I buy at the grocery store have returned to pre-Covid prices. Not all, but many. Milk, eggs, pizza, raw ingredients. I have found that many of the cheaper store brands are just as good as national name brand products.
Some flip homes quickly. Some hold and rent. Others cash in, trying to time it to be near the peak. My friend cashed in (sold) about 50% of his portfolio (of rentals) last year.
it's too bad that you don't understand! the Fed rate is a manifestation of the Fed's monetary policies.
From Bloomberg and Investors business Daily The Fed's Key Inflation Rate Just Hit 2%; so inflation was "transitory"
The market is betting double the amount of cuts of the Fed's aggregate projection. The price for service related goods won't go down if companies are making profits by passing the price to the consumer. The Fed should resist market bullying
the economics illiterate, who can't even differentiate monetary policy from fiscal parroted the false narrative that the Fed is wrecking its balance sheet, cos it has to pay off the deferred charges (ROFLMAO) asserted that the Great Depression had recovered faster than the Pandemic-plagued economy under Biden, etc, is publicizing his wilful ignorance again as to your most recent false claim, it is clear that you are confused as to the concept of input cost, https://www.google.com/search?q=inp...IHCAkQABiABKgCALACAA&sourceid=chrome&ie=UTF-8' once you grasp the concept of input cost, you'll realize how stupid your comment is
some background info: inflation rate has declined steadily since Sep 2022 corporate profit for the first 3 Q in 2023 has been impressive, as evidenced by the stock market performance. yet, in Nov 2023, the Fed's PCE was zero, the first time in years, which resulted in a 6-mo avg of 2% inflation. in the wake of these developments, imagine how stupid someone has to be to blindly parrot this false narrative
this well written op-ed by Mohamed El-Erian was published on 17 Dec 2023. i can appreciate his cautious tone, effectively, "it ain't over 'til it's over" on 21 Dec 2023, it was reported that the Fed's PCE for Nov was zero; it effectively lowered the 6-mo avg inflation to 2% i belong to the camp that says when the Fed, from a high of ~9% inflation, is able reach its target of 2% inflation, it is over. arguably, had the Nov's "zero PCE" informaton been released 4 days earlier, El-Erian may not have written this op-ed.
The Fed's Key Inflation Rate Just Fell Below 2% The Federal Reserve's primary inflation rate, the core PCE price index, showed that core price pressures continued to cool more than expected in November. Core inflation has run at just a 1.9% annualized rate over the past six months, Commerce Department data show. Federal Reserve chair Jerome Powell has said policymakers wanted to see six months of tame inflation data to be sure that the disinflationary trend isn't fleeting. On a six-month basis, PCE inflation is running at a 2% annualized rate, while core PCE inflation has fallen just below the Fed's 2% inflation target.
it has been a 2-prong attack. on the fiscal front, Bidenomics, expenditures such as the CHIP / INFRASTRUCTURE acts, have help to create jobs every month since taking office on the monetary front, Fed chair Powell---using his tool box adroitly to manage the $ supply in circulation to contain run-away inflation---has stuck a soft landing, reaching the targeting inflations rate of 2% albeit beset by the prevailing false narrtive (until the release of Nov's zero PCE info) about the Fed wrecking its balance sheet
Doesn't it take around a year for the ripple effects of a Fed rate hikes to work through the economy? The last rate hike was in July 2023. It's a bit too soon to declare that the Fed has successfully landed this softly, but it does seem much more likely now. We've certainly gone from nearly everyone (literally) predicting an imminent recession to most now thinking a 'soft landing' is likely. I don't know if anyone has actually said the 'soft landing' has already occurred.
Its a matter of perception. Gen Z and middle-middle class have taken a pretty significant beating. Housing is outrageous for Gen Z and inflated prices is putting a hurting on the 50k-100k crowd. Boomers are retiring and that is leaving job openings more plentiful than say 10 years ago. Highly skilled people are doing well and lower class jobs are plentiful. Its the middle of the road jobs, jobs that lower class jobs move into for better stability that is drying up. Unemployment numbers tend to be the lagging indicator leading to the bottom. I don't think we will see this. We have 18 months of pent up housing demand. That said, its easier to navigate a plane in turbulent weather than landing in turbulence. This is an election year with both major candidates only eligible for one more run. Both candidates will create significant uncertainty over the next four years. Our choices is 4 more years of stagnation or 4 more years of utter chaos. Personally I prefer chaos over stagnation. And if Biden does pass, its either clown chaos or complete stupidity chaos. If Democrats were half as smart as they think they are, they would boot the biden ticket and put Andrew Yang up. So soft landing ... yeah, 'lol'. We haven't even gotten to the market/debt talk.
The debate over 'soft landing' versus 'hard landing' revolves around the Fed's actions to hike interest rates, aiming to curb inflation. The question is whether these moves were too aggressive, potentially leading to a bad recession, or just enough to avoid a severe economic downturn. The long-term impact of government actions, particularly concerning debt, has been a constant source of debate. Some predict doom, while others argue that everything is fine. This discussion has persisted for a significant period, gaining more attention recently due to substantial spending and market manipulation due to covid (and even during the housing crisis). This topic differs from the 'soft landing' topic related to the Fed's efforts in combating inflation. I prefer to keep these discussions separate to avoid muddling the waters and conflating the issues.
The number of jobs created along with GDP growth are showing anything but stagnation in the economy. True not everything is perfect but it’s not stagnating and projecting f from the moment a second Biden term doesn’t appear to be clown or stupidity chaos.
