Economy

Bluethroughu

(6,233 posts)

8. The GOP and chairman Powell of the Federal reserve.

Thu Oct 27, 2022, 09:33 AM

Oct 2022

Their Reagan-economics agenda of deregulation, capitalize and monetize healthcare, utilities, and our commons while allowing bundling of mortgages(housing) has caused the greatest inequality and instability in our history.

When everything is a bet in a market, that the large monopolies and billionaires are allowed to short or buy, they fix the market they can control with their wealth, which in returns controls all of us.

Powell should not be raising interest rates, that only hurts the less fortunate while giving more wealth to those who already have it.

The inflation in commodities is greed at the corporate level.

Powell needs to go. His policies are antiquated and actually aid the minority wealth over the majority population.

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From Forbes regarding decline in home prices: [View all] sprinkleeninow Oct 2022 OP

Not as bad as 2008 I hope. multigraincracker Oct 2022 #1

Where's the talk about corporate profit margins at an all time high?! Bluethroughu Oct 2022 #2

There is almost no mention of corporate profits underpants Oct 2022 #4

Oh I totally agreed, and knew they'd take that opportunity out of the hands of people... Bluethroughu Oct 2022 #5

Why would you expect that in an article about home prices? And who's been wrong for 40 years? mahatmakanejeeves Oct 2022 #7

The GOP and chairman Powell of the Federal reserve. Bluethroughu Oct 2022 #8

they need to decelerate Skittles Oct 2022 #3

IMO, the prices of homes weren't matching their actual value for a long time. no_hypocrisy Oct 2022 #6