What is the Fed doing to our money? Joseph Solis-Mullen breaks down the bankers’ latest announcement.
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25 sats \ 8 replies \ @Satosora 27 Sep 2024
"The Fed, faced with political pressure and an economy that, despite the glowing reports, is limping along on an increasingly shaky foundation, had no choice but to ease up."
Glowing reports of our economy?
Who has their head in the sand that much?
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20 sats \ 7 replies \ @Undisciplined OP 27 Sep 2024
I have no idea who's buying that. Even my wife's family laugh at the media's attempts to hype up the economy.
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32 sats \ 6 replies \ @Satosora 27 Sep 2024
Me either.
A coworker talked about how his vehicle is too large for the gas prices.
I havent heard that tale in a long time.
Maybe they will start moving towards smaller cars again instead of SUVs.
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20 sats \ 5 replies \ @Undisciplined OP 27 Sep 2024
Maybe, which is fine with me, but I'd rather the Fed stop inflating away everyone's purchasing power.
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27 sats \ 4 replies \ @Satosora 27 Sep 2024
Yes.
Inflation wasnt as high before, but I seem to remember gas prices being 5$ a gallon.
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20 sats \ 3 replies \ @Undisciplined OP 27 Sep 2024
There were higher prices at some points when oil supply has been disrupted or when demand spiked.
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40 sats \ 2 replies \ @Satosora 27 Sep 2024
Is that what it was?
Was supply really disrupted?
Was that during the Iraq war?
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20 sats \ 1 reply \ @Undisciplined OP 27 Sep 2024
The wars in Ukraine and Palestine have both caused supply disruptions in oil shipments.
Before that, there was a huge spike in demand caused by Europe badly overestimating what their renewable energy output would be.
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