Key recession indicator sends investors sharpest warning in 42 years

[Guard Dad]

Arizona Sen. Mark Kelly reportedly calls for censoring social media companies to prevent bank run; he denies

Sen. Mark Kelly, D-AZ, called for social media to be censored during a meeting regarding the bailout of the Silicon Valley Bank, to prevent a bank run.

www.foxnews.com

 

[J-man]

Yesterday's gain was quickly reversed today, DOW currently down over 500 points. Credit Suisse is today's scapegoat although we all know the world economy is suffering.

 

[J-man]

Just how stupid are the people who control the Fed Reserve? They announced today another 0.25% increase to over 5% even though the 2 year treasury yield has fallen to 3.87% from its recent high of over 5% just last month. It makes absolutely no sense unless they're deliberately trying to destroy our economy.

Federal Reserve pushes interest rates above 5% for first time since 2007

The Federal Reserve's latest policy decision on Wednesday could mark the end of its rate hiking campaign, the most aggressive from the central bank since the 1980s.

finance.yahoo.com

 

[Guard Dad]

Yep, I saw last night that it was coming.

The Feds have no idea what caused all this, they are just relying on conventional wisdom, and we have other dynamics at play this time. This is NOT normal inflation.

At this point, the Feds are tanking the economy, not fixing it.

 

[Boss 302]

The problem lies in them doing what liberals do - destroy the economy so it destroys the middle-class and then blame the Republicans.

 

[The Sound Guy]

The problem lies in them doing what liberals do - destroy the economy so it destroys the middle-class and then blame the Republicans.

And their followers will eat it up and keep voting them in... Because the GOP can't figure out how to package their message.

 

[Guard Dad]

Agreed that the Republicans suck at their message.

 

[Captain Rhett Butler]

People who are smart with their money will enjoy the higher rates of return on their CD's and such, however those that borrow money will pay much higher interest rates. Car loans, home loans, credit card rates will all rise and the result will be a decline in growth (recession).

We tried to warn folks, but they fell for lies of the left. From reparations to college loan forgiveness to free stuff for the masses. Nothing is free if you have to rob someone else to get it.

 

[Guard Dad]

Yep, I've been doing well on my savings and CDs.

I've been trying to warn people on Facebook to prepare, but I worry there might not be time.

 

[Far West]

It will wipe out more banks.

There are many businesses that should have folded years ago, but with low interest loans, they could stay in business without making any money. Get ready for these businesses that have been surviving by taking out loans to go out of business.

 

[J-man]

I just purchased my first ever "Treasury Bill" through TreasuryDirect (their direct website). I just couldn't pass up the 5% rate for a 4 week T-Bill. I'm testing the waters this first go around to see how it goes and if the outcome is what I anticipate then I plan to rinse and repeat until the rates eventually fall back to normal levels. I'm not sure where'd I beat the return without a much higher risk. I'm risk averse when it comes to money.

 

[Paxilpapa]

I just purchased my first ever "Treasury Bill" through TreasuryDirect (their direct website). I just couldn't pass up the 5% rate for a 4 week T-Bill. I'm testing the waters this first go around to see how it goes and if the outcome is what I anticipate then I plan to rinse and repeat until the rates eventually fall back to normal levels. I'm not sure where'd I beat the return without a much higher risk. I'm risk averse when it comes to money.

Is that money taxable?

 

[J-man]

Is that money taxable?

Subject to just Federal taxation I believe but, as always, double check with a CPA or other financial expert not just some dumb hick from South Georgia.