The Trump Effect

#301
#301
GroverCleveland said:
Then CNN and those who believe this should get off their collective butts and start raising money to prevent it.
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Crazy that some folks believe the US congress should take their citizen’s money by force (taxes) then send it to other people and/or governments around the world marked as charity. The definition of charity is freely giving from your wealth to help others of your choosing.
 
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#302
#302
walkenvol said:
Outside of war or the depression, we’ve never seen how our economy operates with such a huge debt being serviced so I’m not sure statistical norms apply fully? Google says 39% of individual taxes are currently servicing the debt, but those same taxes only fund 49% of the total budget - there’s a lot of misleading data online to get the accurate numbers which I think are now over 15% of the entire budget. Drive interest rates down to 2.5% and we will lower spending by 10% if I understand the data correctly. To be successful in this term, Trump has to figure out how to lower interest rates without heavy inflation - not an easy task. JMO
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Makes you wonder what happens if we got into a real large-scale conflict. I have not looked into it, but wonder what our public debt to GDP ratio was during the War Between the States, WW1 and WW2?
 
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#306
#306
hog88 said:
That would keep the consumer rate at a healthy level.
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I remember we spoke about this last year..Yellin left a steammin* pile..

markets.businessinsider.com

Janet Yellen made the worst mistake in Treasury history when she failed to lock in cheap debt, elite investor Stanley Druckenmiller says

Treasury Secretary Janet Yellen's failure to capitalize on low rates was a grave error that has worsened America's debt woes, Druckenmiller said.
markets.businessinsider.com markets.businessinsider.com

nypost.com

Janet Yellen departs from office — as she leaves a trail of mess behind her

The whiplash-inducing, “Hunger Games”-style race to become Donald Trump’s Treasury secretary made it easy to ignore what has been going on with Janet Yellen — and her absolute mess.
nypost.com nypost.com
 
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#307
#307
The Fed needs to cut rates badly. Its killing us. Apartment construction has slowed down here greatly because a couple % means a lot on a 40 to 50 million dollar project. The owners are waiting for rates to come down now before breaking ground. We have never been slow before in my 15 years at this company. 2 supers like me just got laid off...there are 5 of us now. I talk with the supervisors in the other trades and its the same. Charlotte has been in the top 20 fastest growing cities since the 90s. Usually in the top 10...and we are still in a slow period. The only other time construction slowed like this was the 08 crisis when new construction nearly stopped due to the mortgage shenanigans and the stock market recession. Biden wrecked the economy. Trump has it back on track...but my particular niche is not gonna take off again without some rate cuts IMO.
 
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#309
#309
marcusluvsvols said:
The Fed needs to cut rates badly. Its killing us. Apartment construction has slowed down here greatly because a couple % means a lot on a 40 to 50 million dollar project. The owners are waiting for rates to come down now before breaking ground. We have never been slow before in my 15 years at this company. 2 supers like me just got laid off...there are 5 of us now. I talk with the supervisors in the other trades and its the same. Charlotte has been in the top 20 fastest growing cities since the 90s. Usually in the top 10...and we are still in a slow period. The only other time construction slowed like this was the 08 crisis when new construction nearly stopped due to the mortgage shenanigans and the stock market recession. Biden wrecked the economy. Trump has it back on track...but my particular niche is not gonna take off again without some rate cuts IMO.
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Serious question, )and I hope you don't get caught in the squeeze )but when does construction of residential properties reach their max.? It's obvious home sales have slowed. Two years ago houses sold before coming on the market. Everyone then assumed their home was worth more than 25% of it's real value.



Now homes set on the market for weeks / months, probably because they are not worth the asking price.



Apartment rentals at 14,15,1700 a month. Something has to give.
 
#310
#310
marcusluvsvols said:
The Fed needs to cut rates badly. Its killing us. Apartment construction has slowed down here greatly because a couple % means a lot on a 40 to 50 million dollar project. The owners are waiting for rates to come down now before breaking ground. We have never been slow before in my 15 years at this company. 2 supers like me just got laid off...there are 5 of us now. I talk with the supervisors in the other trades and its the same. Charlotte has been in the top 20 fastest growing cities since the 90s. Usually in the top 10...and we are still in a slow period. The only other time construction slowed like this was the 08 crisis when new construction nearly stopped due to the mortgage shenanigans and the stock market recession. Biden wrecked the economy. Trump has it back on track...but my particular niche is not gonna take off again without some rate cuts IMO.
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I've got to be very careful on adding to our properties too. Rents ramped quickly and have been flat for a few years here. I need either better rates, lower prices (properties and materials), and higher rents. Or some combo of those so my numbers aren't so tight.

Don't expect rates to change much. Possible small decrease this autumn.
 
#311
#311
McDad said:
I've got to be very careful on adding to our properties too. Rents ramped quickly and have been flat for a few years here. I need either better rates, lower prices (properties and materials), and higher rents. Or some combo of those so my numbers aren't so tight.

Don't expect rates to change much. Possible small decrease this autumn.
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you do single or multi family?
 
#321
#321
hog88 said:
The Fed rate needs to be about 2% but Powell and the board are playing politics.
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it is a little confusing why he hasn't cut rates. Prior I thought he said they followed current data on inflation, which correct me if I'm wrong, is pretty close to 2% now. However in the last fed meeting he seemed to indicate they were basing on the "possibility of future inflation data", which doesn't make a lot of sense to me. Cut rates and if inflation begins to trend up again, raise rates then. A bunch of other countries have already had multiple rate cuts including the European Central Bank.
 
#322
#322
theFallGuy said:
it is a little confusing why he hasn't cut rates. Prior I thought he said they followed current data on inflation, which correct me if I'm wrong, is pretty close to 2% now. However in the last fed meeting he seemed to indicate they were basing on the "possibility of future inflation data", which doesn't make a lot of sense to me. Cut rates and if inflation begins to trend up again, raise rates then. A bunch of other countries have already had multiple rate cuts including the European Central Bank.
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It's not confusing, Powell is playing politics.
 
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#324
#324
theFallGuy said:
it is a little confusing why he hasn't cut rates. Prior I thought he said they followed current data on inflation, which correct me if I'm wrong, is pretty close to 2% now. However in the last fed meeting he seemed to indicate they were basing on the "possibility of future inflation data", which doesn't make a lot of sense to me. Cut rates and if inflation begins to trend up again, raise rates then. A bunch of other countries have already had multiple rate cuts including the European Central Bank.
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He hates Trump. Pretty simple actually.
 
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