JPMorgan Now Expects Nine Straight Fed Rate Increases Until March 2023

Welp.. no more kickin the can I guess.
Hyperflation.

Nope, got to absorb that minimum wage increase all the no talent no ambition shmucks got first. By the way, congratulations to all you people who formerly paid no federal income tax who now find yourselves making taxable income.

I'm not kicking my cans. Pretty soon I'll be collecting them for a morsel.

Funny you say that
What will happen if this really happens is actually a rapid deflation which will cause the gov to do a giant stimmy bill (prob similar to build back better bill) that will have a bunch of nonrelated shit in it to stimulate regrowth but this just inevitably leads to hyperinflation lol

There's really no way around it. The bond market has even gone this way since november. Big money is getting out of long term bonds and instead focusing on short term bonds.

Blackrock will sell their real estate assets once they get margin called for being over leveraged causing a housing crash too so that'll be fun.

Interesting times ahead.

Be like that guy on Mad Max, getting the last bits out the can a dogs tongue couldn't reach.

If the fed reserve survives at all, I would expect an economic collapse to be inevitable.

Since the goal will be to pump the last nickle out of us it should get really interesting.

What all this leads to is a deflationary cbdc fed coin being issued.

I'm not going to use their money. They were given one job and they failed. Preserve the dollar. Now they killed it only an idiot would give them another chance.

Housing market won't collapse.

all the monkey around to keep interest rates low wall street high an politicos lookin good have ended time to pay the man of course joe got plenty excuse why everthin fuked that dam covid virus an look russia gonna attak ukraine ananan

funny how catbag ended on joes doorstep bush obama smokin big cigars an laffin at this guy

everyone with a mortgage always thinks that.

2 words for you from the late 90's

negative

equity

The increases won't necessarily be 25 points. Some of them could be 50 points. There will be pressure to back off though as the debt service increases.

The lumber prices are through the roof now.

And that vanguard thing too.

Kitchen Remodels

It's so bad now, only the rich can afford a roof to put prices through.

Looks good on him. Hi and his mini-me Hunter would seell their souls and their mothers for stack o'bennies.

If it wasn’t for the fact that a lot of people are going to get permafucked in the very near future I would be rolling on the floor laughing at that clever line.

It’s about f..King time , I’m tired of getting.1 % intrest on my GIC’s and savings accounts.
I finally came into a few $$$ and being retired with a fixed income with no bills,
Could keep up with the cost of living.

People are putting off building homes because the costs have risen so much. Now, not as many will buy because of interest rate hikes.

It’s going to be one nasty ripple effect.

Just to get ahead of the curve, they need to raise 800 basis points. That would be unprecedented. IDK who the fuck is buying any gubmint debt at these rates. It's game over for the USA if they don't raise them this week.

Correct. Normally the market would correct but you have 1) Chinese investors buying up everything 2) BlackRock buying everything sight unseen and 3) speculators with unlimited capital.

All this will do is crush everyday homeowners with rapidly increasing property taxes. Are you still happy that your home "increased" in value by $150k? Don't be...

9 rate hikes is not going to do anything to reduce inflation. At this point, you would need 40 rate hikes or similar. Rates need to be well above 7% to make any kind of small impact.

Fuck JP Morgan
Thieves

Nope, beans will still go up. The fallacy that rate increases can clamp rampant inflation is garbage.

Inflation ^
Biden to raise taxes^
Interest rates^

Consumers will be on GOV life support and the spiral continues at a faster rate until collapse.