Actually, opening up the borders for more immigrant work will temper inflation down. Is that what Biden’s detractors want him to do?
Open up the borders? Are you totally out of touch? They have been open since Joe took office. Illegal immigrants even get a smart phone.
The country is now seeing the largest number of apprehensions of illegal immigrants at the U.S.–Mexico border in a calendar year in history. Almost 1.9 million arrests were recorded in 2021, up from 479,000 in 2020.
Open up the borders? Are you totally out of touch? They have been open since Joe took office. Illegal immigrants even get a smart phone.
The country is now seeing the largest number of apprehensions of illegal immigrants at the U.S.–Mexico border in a calendar year in history. Almost 1.9 million arrests were recorded in 2021, up from 479,000 in 2020.
Between 9.1% inflation and a 75 bp rate hike in a couple weeks (possibly even 100 bp but probably not), I don't see how the market could climb from here. Think we'll hover around 3700-3900 over the next 40 days.
Why should they not have a $800 smart phone? How can they comunicate with the folks back home letting them know how to come to America and themselves get a free smart phone when most Americans are suffering from this incredible inflation?
Between 9.1% inflation and a 75 bp rate hike in a couple weeks (possibly even 100 bp but probably not), I don't see how the market could climb from here. Think we'll hover around 3700-3900 over the next 40 days.
It will all be better if the Administration sends more money to Ukraine. Meanwhile NY City is running nuclear war survival public service announcements. Its all good with these guys in charge. I wonder if masks will help? 😷
There’s a way to get more than $10k at this rate if you gift to other people and they gift to you etc. I believe.
Hmmm, I can’t imagine that being a wise thing to do for such a marginal benefit.
Why not?
Someone just gifts you $10k but keeps it in their treasurydirect gift box. Then they click deliver in 2023 (or later) and that counts as your $10k for 2023. But it accrues at this insane rate all the while. Assuming inflation peepers out by next year.
Im at about $50k cash right now so I think it’s worth it for guarantee 9%+ return.
If this is a true gift that is one thing. If it is parties exchanging equal benefits it appears unethical if not illegal. I stand by my earlier comment.
Open up the borders? Are you totally out of touch? They have been open since Joe took office. Illegal immigrants even get a smart phone.
The country is now seeing the largest number of apprehensions of illegal immigrants at the U.S.–Mexico border in a calendar year in history. Almost 1.9 million arrests were recorded in 2021, up from 479,000 in 2020.
Go back and reread what you just wrote, pay particular attention to the words open borders and 1.9 million arrests.
Hmmm, I can’t imagine that being a wise thing to do for such a marginal benefit.
Why not?
Someone just gifts you $10k but keeps it in their treasurydirect gift box. Then they click deliver in 2023 (or later) and that counts as your $10k for 2023. But it accrues at this insane rate all the while. Assuming inflation peepers out by next year.
Im at about $50k cash right now so I think it’s worth it for guarantee 9%+ return.
Ay caramba.
I just read up on it, and it seems to have some applicability.
Here's one interesting method:
The Finance Buff: Buy I Bonds as a Gift: What Works and What Doesn’t wrote:
Pre-Purchase/Frontload It also works to a limited extent if you think the high interest rates on I Bonds are only temporary. You can buy a gift for your spouse and hold it in your gift box. Have your spouse do the same for you. Wait until interest rates drop and the two of you don’t buy I Bonds anymore. Then you can deliver the gift to each other. The older gift bonds earned the high interest rates in the years past and they have aged enough for immediate cashout.
We’re buying each other a gift this year to keep undelivered in the gift box in addition to our normal purchases. If the interest rate is still good next year, we’ll buy normally and keep the gift in the gift box. If the interest rate isn’t good anymore, we’ll skip the purchase, deliver the gift, and cash out immediately.
The country is now seeing the largest number of apprehensions of illegal immigrants at the U.S.–Mexico border in a calendar year in history. Almost 1.9 million arrests were recorded in 2021, up from 479,000 in 2020.
Go back and reread what you just wrote, pay particular attention to the words open borders and 1.9 million arrests.
Go back and learn where arrested illegal immigrants are released by the Biden Administration.
Go back and reread what you just wrote, pay particular attention to the words open borders and 1.9 million arrests.
Go back and learn where arrested illegal immigrants are released by the Biden Administration.
DHS has released more than 756,000 aliens encountered by CBP at the Southwest border into the United States since Joe Biden became president, not counting 146,000-plus unaccompanied children released by HHS to sponsors and 620,000 aliens who evaded apprehension.
Wire Houses coming in with their reads on earnings season and the macro situation and they are reducing everything...earnings and price targets for indices. it's a race to downrate everything. Will hurt the stock market no doubt.
It's a rough situation...the Fed has two mandates: full employment and price stability.
employment situation seems very strong, so the Fed can ignore that one and focus on just the price stability. Which means higher short term rates. The Fed doesn't have to tread carefully because the job market is strong and likely to stay strong.
BUT
Those on the Fed aren't idiots. They see the sharp deflation going on in July and may feel they don't have to do too much more, given the sharp price declines we've seen in the last few weeks. They see the curve inversions and know the market sees economic slowdowns coming, so maybe they won't want to raise rates too much.