Federal Reserve actions are irrelevant at this time

In the Conservative Treehouse, Sundance explains why the actions of the Federal Reserve are presently irrelevant.

So long as the Fed is pegged to Wall Street, meaning has primary focus on lending to U.S. manufacturing multinationals; and as long as that lending (investment) is stalled pending the outcome of Trump’s trade and economic reset; the Fed is essentially irrelevant on the bigger dynamic.

If a variable rate mortgage loan goes up by $100/month, and simultaneously (outside of the Fed influence) the worker is getting a $300/month wage increase (currently 5.5% wage growth), there is no material negative impact.

Read much more here.

What can we do about the Federal Reserve?

FUN FACT: The Federal Reserve raised rates more times this year than the entire Obama Presidency.

WHY DO THEY WANT TO SLOW THE ECONOMIC BOOM?

— Michael J. Morrison (@OfficeOfMike) December 19, 2018

via Bookworm Beat