RE:RE:RE:I work in Manufacturing and we are not in a recession!Personally I wish the name wasn't Federal Treasury since in reality it is a private institute.
Representing 150 banks, and they pay dividends to all of them. The Federal Treasury is once again a private group, they elect their board directors, and the President of America gets to pick the spokes person, Their interest is for themselves, but at the same time for the American Banks so they don't fail. Unfortunately sometimes big banks fail. Sometimes the Federal Treasure steps in, and sometimes they let that ship sink away. My point to this conversation is that the Federal Treasure doesn't give a rats a$$ about a factory, you, me, or anyone. If inflation gets out of control they will keep raising rates no matter how painful it is for all of us. Basically they ain't no dummies, they need their vaults to refill again, raise rates, move money out of your hands that you wanted to spend on something nice, to moving it into their hands in which you call "Interest Payments" per month. If you are one of the unlucky ones that have to remortgage, or refinance a loan for business or Corporations then your PAYMENTS increase. And gets who gets that money in the end? Banks and The Federal Treasury. So, even though we complain about products and services getting OUT of CONTROL, think about it this way INTEREST RATES are increased .... You still get PHOOKED in the end from your pockets. It's that's simple. The big picture from the FEDS is to just get Inflation under control, but to them this is an OPPORTUNITY to benefit.
All Central Banks will Benefit around the world. Think back to the 80's and wish that never happens again.
Spanito
DukesMtl wrote: I'm sorry but you need to realize that the government will do whatever it takes to tame inflation because inflation causes the entire collapse of a countries economy! Just look at Venezuela or a lesser example Argentina. When a beer costs 5,000.00 then your country is finished!
The Fed isn't accountable to anyones feelings.