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60
In a bombshell announcement Federal Reserve Governor Christopher Waller has urgently called for immediate interest rate cuts. (twitter.com)
posted 290 days ago by brain_dead 290 days ago by brain_dead +60 / -0
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Comments (10)
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▲ 6 ▼
– PandaMoon17 6 points 290 days ago +6 / -0

u/#WarriorTrump

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▲ 2 ▼
– ILoveIvermectin 2 points 290 days ago +2 / -0

Mr common sense right here.

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▲ 2 ▼
– Moosemeadow 2 points 288 days ago +2 / -0

Either cut the rates or have an audit then eliminate it completely there was no Federal (not a government agency) reserve (they have no money reserves only printing machines) prior to 1913

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▲ 1 ▼
– brain_dead [S] 1 point 288 days ago +1 / -0

It's their last castle. You cannot just get them to open the moat drawbridge.

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– SubtleSigns 1 point 290 days ago +1 / -0

There is no reason for doing that. They should be raising rates.

I depend on getting interest back for loaning money to banks.

Anyone who has a savings account is lending money to banks.

When Reagan left office the interest rates were 10%.

At 4% they're suddenly too high??

Mr President what's up??

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▲ 2 ▼
– 1958Antigravityreprt 2 points 289 days ago +2 / -0

Yes, they want your savings accounts in their brokerage accounts.

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– SubtleSigns 1 point 289 days ago +1 / -0

By the way what is the significance of 1958 in your posting name?

A lot of interesting things happened that year.

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▲ 2 ▼
– killerspacerobot 2 points 289 days ago +2 / -0

Could it be that it was the year the Ford Thunderbird came out as a 4-door model? Or might it have been the introduction of the Ford Edsel? Big things, that year. (But, really, any year is a good year to be alive. Consider the alternative!)

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▲ 1 ▼
– SubtleSigns 1 point 289 days ago +1 / -0

Also the year the model T Ford came out was at the same time when they discovered the T-Rex and both have one thing in common beside the year of their founding,

They both went 45 mph.

As far as the Thunderbird?

The 1986-87 model 4cyl turbo charged was my all time favorite.

And you are right about any day you are alive is a good day

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▲ 1 ▼
– SubtleSigns 1 point 289 days ago +1 / -0

That is interesting you say that because local walk in banks will tell you it could take days to transfer money out.

But when it comes to transferring money to a broker like Fidelity, it happens like warp speed.

I recently doubled up my Fidelity Spaxx account as it is currently paying out close to 4%. (Parked money)

It took like from one evening and landed there the next moring.

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