The U.S. economy is headed for a hard landing, and Fed rate cuts won’t be enough to rescue it, Citi says

13 comments

1. Been hearing this one day and that we’ll have a soft landing the next for 2 years now. I’m starting to doubt were going to have a landing.

2. Holy Crap. What is going on? Are companies realizing that when 60% of the population isn’t buying extra stuff and going out to restaurants, movies, bowling alleys, or the clubs, then all those bussineses become irrelevant. By the way I couldn’t read the article it wants me to pay, ha ha ha, not buying your story.

3. If there is one thing the last few years have really taught me it’s that people love to bet against America and time and time again they get taught a hash lesson. 

4. The consumer never stopped spending. The pandemic was a huge mind game. It started w an accumulation of cash since we couldn’t spend it. Coming out of it, the money started flowing, triggering inflation. The consumer kept doing experiences and large expenses. The money well is drying up quickly.

5. i’ll believe when i see it, restaurants especially nice ones are still packed. Consumers are loaded

6. Per Citi, the only way to stop this is tax cuts for wealthy earners

7. There’s a 0% chance the economy has a hard landing in front of the November election.

8. Every week it changes. But, in reality this is what the Fed wants. They want 5% unemployment and 2% inflation.

9. I believe they’re wrong. It goes a little something like this.

   Great Depression, stagflation, Great Recession, now the great inflation. 10 years of inflation and contraction and inflation and contraction.

10. We need a hard landing

11. As your banking expert, let me give you some advice. I wouldn’t put too much weight into what the big banks say about the Fed. They have their own motives and this is their way of trying to influence the Fed to meet their motives.

12. I’m not looking for anything political here. I just want to hear economically only what people think would happen if Trump lowered the interest rates somehow himself like he was saying they are seeing if they can do. Let’s say Feb 2025 it’s still 7.5 and it lowers to like 5% immediately. What would happen?

13. So the Fed- the banking cartel, charges the US government trillions to loan it money

    The money is created in bank ledgers

    US income taxes are used to pay back the bankers

    US income taxes are primarily paid by workers and not the wealthy or corporations

    The majority of assets are owned by the wealthy and corporations who again pay very little taxes to the bankers

    The wealthy and corporations use cheap bank loans to buy assets

    So the worker has been captured and that’s why they are flooding millions of illegal immigrants into the country to work as wage slaves

    However the Fed has caused a reverse wage price spiral

    High pay full time jobs are being lost and all the low end part time jobs are being taken by illegal immigration wage slaves

    A huge drop in income taxes collected from workers will lessen the amount of debt the taxes can pay

    Corporations will fire more and more workers and hire cheap wage slaves

    The consumer will all but die

    It’s a reverse wage price spiral that leads to the great deflation ( depression )

    No amount of cheap interest will bring bank millions of full time high paying jobs and the US tax base will shrink from wage slaves abs cause US debt problems

    It’s a mess