JPMorgan Now Expects Nine Straight Fed Rate Increases Until March 2023

Yes. We needed a hawk in the Fed like Volker 2 years ago. But I doubt even he could save the dollar at this point.

Wouldn't matter if costs went up, since that would put the interest rates at like 2.5%-3.0%. The amount of interest you would get from the bank would be so ridiculous that you could eat out every day. Unless you're not really a saver..

And that's not even accounting for Russia invading Ukraine. They haven't even factored that in. Or Israel launching a war on Iran. All those variables haven't even been factored in..

Real estate should drop, if money tightens it has to drop. It's really is past due for a massive correction, glad we cashed in. Now we wait.

Glad I have locked that 3.1% missed the bottom 2.8%

if we truly had a multi party system and the democrats were doing all thats going on right now, the other partys would rise to the occasion and they would entirely wipe out the democrat party in the next two elections

instead, the republicans arent even running anyone in major areas for the next election
take NYS for example, countless places in nys are massively struggling and people are begging for help and dying for help
all someone has to do is run against the dems and they win

but the parties are running no one. They stay silent and dont even announce a candidate until its too late

sure feels like a hostile take over
doesnt feel like we have elections or leaders anymore

Sadly, I agree. The hole is just too big in 2022. It was very different in 1980.

And the momentum of it should be causing panic.

It’s all orchestrated by the fuckers. If it wasn’t evident before then it certainly was after that “election” 14 months ago.

They'll get no where close to 9 hikes. They tried this before and failed miserably.

Trust and believe JPMorgan is leading you in the wrong direction. Expect the opposite.

No no no no no and more NO.

also inflation ENDS.

ALSO JP MORGAM CAN GO FUCK THEMSELVES.

INFLATION REVERSES TO WHAT PRICES WERE BEFORE INFLATION STARTED, BEFORE THE FIRST EVER INFLATION...AND WAGES STAY THE SAME.

includes everything....why should an oil rich country like the usa have high prices for oil and gas for it's real citizens?

That won't prevent you from having negative equity when the price of your house drops to half of what it currently is.

You can only sell the house to someone who will buy it. Someone is only going to buy it for a price they can afford to pay for it. If they have to pay 7% on their mortgage, they can't buy a house at the price you paid for it.

Should be, yes. But people are sort of in this euphoria right now. They think this cheap money ride is going to go on forever. I don't even think this stock market could survive a 2% rate increase. I mean, it would survive, but it would lose 40% or more of its nominal value.

I don't think many people realize that the government is stuck. They have to either let all the asset bubbles collapse in a horrible fashion, or they have to keep creating massive inflation to keep them up.

Good points. People think rates do not matter, but they are super important for the monthly payment. Most people could not afford a home right now if the rates were at 7% (with current prices). Prices will come down if this happens. Doesn't matter if it's expensive to build homes -- homes will only sell for what people can afford. And Blackrock and investors are not buying up all the homes. Even Blackrock does not want to buy everything at the top of the market.

For real...

Mortgage rates peaked at around 18% in the 1980s as we battled inflation and spent a few years around 13-16% percent. Good luck even finding a single buyer who isn’t 100% cash when that happens

translate this into credit card balance interest rate increases

Yeah. Pretty similar to 2009 (not in rates, but in people who had cash were rewarded). Some people got homes at great prices if they had all cash. The only thing different this time is that we're not sure how much that same cash will buy when this thing goes down. Homes might crash in real terms, but nominal terms may be the same or similar.

Last Edited by StayCurious on 02/21/2022 12:38 AM

I'll take the under on this.

It's not going to be enough. The Fed is already behind the eight ball. True inflation is running 15% on an annual basis.

They are hoping and praying that raising rates a little bit will cause markets to crash and also cause a recession to bring inflation down because they can't raise rates in any meaningful way without completely collapsing the economy.

The economy is going to collapse regardless but they don't want to accept the blame or responsibility by raising rates as required.

Last time inflation was this bad short term interest rates were at 21%. Home mortgages were over 15%.

The Fed is trapped in a box of their own creation. They have kept rates too low for too long allowing congress to spend like drunken sailors, no offense to drunken sailors intended.

Are you kidding. Mortgages will be 10 percent for a 30 year loan apartments and small city homes will have free for taxes on every door. Acreage will be ok for the most part.

Lol get your new visa with a 280% introductory rate, after 6 months it jumps to 1200%.

Keynesian economics was doomed from the start. We get to watch it crash and burn.

Wonderful.

I only hope that we are smart enough to create something better upon the ashes.

Klaus Schwab and his Marxist movement is not the answer.

No damn way they raise it even close. JP trying to get a sell-off to buy up cheap stock and assets knowing damn well the FED us going to utterly destroy the dollar and middle class finally with QE until Christ returns.

9 raises of a quarter point each is nothing. That means an interest rate of just 2.25% when annual inflation is probably running north of 15%. Even if inflation was only the 7.5% that the fake government numbers now show it is, that would still mean inflation would continue to rage. To stop inflation the interest rate would have to higher than inflation, and if the Fed does that the entire financial system collapses. The financial system can't even handle 2.25% so I highly doubt we get anywhere close to that.

It's complicated, many moving parts. The markets are being held up by just a few stocks now. The rest are zombies kept alive with massive money printing. Huge money fleeing from overseas is flowing into US markets keeping them up and the dollar strong. The US will be the last man standing. When overseas capital flows stop it's game over. When is that going to happen? Don't know, but it will happen.

yep, no where to go. high prices, high inflation, lowest interest rates ever. yikes.

Well something has to go up gold silver land ? They all can't go down - do you think people facing poverty will still be buying shit coins?

I guess there’s no chance of seeing perp walks. It didn’t just happen, someone caused it to happen.