America Shutting Down-Nobody Cares?
Auto Companies Shutting Down......Airlines Shutting Down.....Banks Shutting down....Construction Companies Shutting Down.....Mortgage Companies Shutting Down....Retailers Shutting Down......Restaurants Shutting Down
Employees getting fired by the tens of thousands. Foreclosures outpacing sales. Home values imploding.
Government Deficits Skyrocketing....And now the Fed wants to RAISE interests rates?? Yeah Right......
"We need to take steps to insure that inflation does not get out of control," [Federal Reserve President Charles Plosser] said in an interview on the CNBC television network. "We need to act preemptively."
Plosser said Thursday the inflation threat facing the U.S. economy "is serious."
"Inflation has been gradually been creeping up and more than just in oil and food," he said. "The base of inflation is broadening."
With mortgage rates approaching multi month highs.....what do you think will happen if the Fed preemptively raises interest rates?????