Reply to U.S. Annual Inflation rose to 6.8% in November

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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"

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[quote=Anonymous][quote=Anonymous]Calm down, they already telegraphed rates rising in March. MBS purchases are already tapering - they are not going to suddenly stop and tank the housing market.

All is well, remain calm.[/quote]

The Fed has been telegraphing a puny 0.25-0.5 rate hike.  They are going to say they did something while inflation will keep persisting for months.  The problem is that the Fed clowns and the politicians don't want to face the reality that we need much more aggressive rate hikes and contractionary monetary policy to get inflation under control that will come at the cost of a recession.  No one wants to be in charge who can be blamed for a recession, but that's what we really need. So the wheels keep spinning and spinning while they let inflation start running away.

And why does the housing market need any fake crutches from the Fed?  Here I thought all along housing has been driven by simple supply and demand economics because so many people are demanding housing while there simply isn't enough supply.  The Fed doesn't need to intervene in the damn market at all.  There will be no crash if the Fed leaves.  Even if there were a crash, it'd be good for much of the country that already finds housing costs completely out of control.

Economist are the biggest idiots on the planet.  They make so much money to be wrong all of the time and peddle voodoo crap when all it takes is some average joe on the street with common sense to figure out that inflation is out of control and not transient at all.[/quote]

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