avatar
loganmoore.bsky.social @loganmoore.bsky.social

How? Inflation is rising. How do you cut rates into this? We are going to be Zimbabwe by Christmas at this rate

aug 1, 2025, 12:51 pm • 7 0

Replies

avatar
timelord7.bsky.social @timelord7.bsky.social

you can't and per bloomberg on TV a few mins ago - lack of immigration etc is permanently shifting job creation lower.

aug 1, 2025, 12:51 pm • 8 0 • view
avatar
brettmccabe.bsky.social @brettmccabe.bsky.social

And they haven’t even completely destroyed the wind and solar industry in the U.S. yet. So there’s more coming.

aug 1, 2025, 12:55 pm • 7 0 • view
avatar
Rob Pollard @robpollard45.bsky.social

You’re right, but 19k and 14k (the revised numbers) are terrible even considering the massive reduction in immigration. Not good!

aug 1, 2025, 12:55 pm • 1 0 • view
avatar
timelord7.bsky.social @timelord7.bsky.social

This is why he hates Powell, cuz he wants to "print money."

aug 1, 2025, 12:57 pm • 0 0 • view
avatar
Rob Pollard @robpollard45.bsky.social

He sure does, but he and his idiotic economic team have created the conditions for inflation over 3%, and if the Fed cuts rates, we’re off to the races in terms of price increases. Which will hurt all of us, including Trump, but he’ll blame Powell, the Canadiens, fake news, and whatever else.

aug 1, 2025, 12:59 pm • 1 0 • view
avatar
Rich_in_NJ @richinnj.bsky.social

I think you are overstating the effect of a 25 bp cut.

aug 1, 2025, 12:53 pm • 0 0 • view
avatar
loganmoore.bsky.social @loganmoore.bsky.social

Then why do it at all?

aug 1, 2025, 12:56 pm • 0 0 • view