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Re: Tommy Two Times post# 5318

Thursday, 04/27/2017 12:12:44 PM

Thursday, April 27, 2017 12:12:44 PM

Post# of 19314
IMO the Fed may not raise in June, but they'll attempt to raise again before year's end. That may be the straw that breaks the camel's back when they do. Q1 GDP should be very bad, but I'm skeptical that prevents them from stopping. Their own projections of around 2% annual growth is total BS and they know it. I think GDP growth this year will be lower than it was last year, below 1.6%.
How is raising rates helping that cause? It's not, so they have a big problem.

The Dems want the gov. to shut down to make the Repubs. look bad. That's the only reason, because as you say ALL politicians want more gov., whether they admit it or not. The debt ceiling is IMO just political smoke-blowing from both sides. They have to raise it until the system doesn't allow them to do so anymore. The day of reckoning will come when everybody realizes we're bankrupt.

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