FOMC Interest Announcement at 11am PDT

[C. Dolan]

Also, commentary afterwards.
I'm watching Gold and Silver.

 

[BilletMan]

Smitty!!

 

[luckystrike]

Some saying rip the band-aid off and do 150 basis points

 

[luckystrike]

Wells Fargo saying stop jerking around and get it done once and for all with 150

 

[C. Dolan]

 

[C. Dolan]

Gold Price Today | Price of Gold Per Ounce | 24 Hour Spot Chart | KITCO

 

[C. Dolan]

Buy & Sell Gold Bullion Coins & Bars | BlueVault

 

[Cisco San Jose]

Gold is always good investment

 

[ThrottleBastard]

Surprised gold is so low -- tells me USD is OK.

(Interesting times.)

 

[C. Dolan]

Gold Jumped up 20 bux.
Relief rally in that the rate didn't jump a full 1% ?


..................................................................................................... Dead Cat Bounce ?

 

[02SE]

So should I buy another motorcycle or not?

 

[Your Car Is Slow]

yes, as long as you dont finance it!

(that said, rates are still below inflation...which is fucking sad)

 

[Ninjaman12R]

So should I buy another motorcycle or not?

The answer is always yes....

 

[tinhead]

Has any Joe Everyrider managed to ride a 2022 XSR900 out a dealers door yet?

 

[Ninjaman12R]

Has any Joe Everyrider managed to ride a 2022 XSR900 out a dealers door yet?

I'm doing a 450 swap on one, film @ 11:00.....

 

[KEHALE]

Homebuying begins later next year.
The days of selling are over.

It’s a waiting game now

 

[tinhead]

Mainstream, conventional wisdom holds that Fed rate increases take six to nine months to worm their way into the economy. The increases started in March with a 0.25% nudge. The low side of six months has the effect of that modest increase just beginning to be noticed.

The bad news is that the next bump in rates, by a half percent, didn't happen until May, so don't expect any vast improvements on the inflation front much before Christmas.

 

[scottcolbath]

So should I buy another motorcycle or not?

Wait for the used market to crash, then swoop in, like Dolan on a house.

S.C.

 

[C. Dolan]

 

[C. Dolan]

Had to deal with a real dead cat this morning.
Took that as an omen since Gold was down, so got 6 Pamp bars.

 

[Glenn/RZ500]

Wells Fargo saying stop jerking around and get it done once and for all with 150

If the powers that be had been raising rates by .25% per year, say from 2012 to `20 things could be better today. During that span things were OK and money was cheap, `prolly wouldn`t have been a big impact for most people. Just a thought.

 

[luckystrike]