Fed rate increase = lower hifi prices?

@ghasley @soix

In light of all the things I have mentioned, you have addressed NONE of them, instead putting forth theoretical rhetoric. We live in a real world. in this real world, the gas has either doubled in price or it has not. Hamburger has risen 35-40% or it has not. Coffee, 40% or not. Klaus Schwab and WEF has an agenda are either real or not. Saudi Arabia is either buying Russian oil with Rubles or not. China has either sworn to overtake us or not. Communists have sworn to bury us or not. And these things effect economic outcomes. Yet all I see from you is bluster & arrogance. No answers to my questions. just theory. Yet, when theory collides with reality , REALITY WINS

There is a heirarchy of lies that goes

Lies

Damned Lies

Statistics.

You can make them say whatever you want. And I know you are willing to do so.That said, I also have learned to not waste my time on leftists who think themselves superior. They can never win the debate on the merits of their ideas nor can they teach anything because of their arrogance. Nor will they answer any of the tough truths of life. I’d rather not trade insults and instead have a rational conversation.but I guess its not possible as long as I don’t line up with the left’s ideas. You just have to agree with them or they go nuts and cancel you if they can

Here’s what the GAO says. I’m sure you will find justification for your position no matter who says you are wrong because in your mind that cannot be.

GAO warns of ‘unsustainable fiscal future,’ debt reaching over 200% GDP

“The federal government faces an unsustainable fiscal future. If policies don’t change, debt will continue to grow faster than the economy,” said the Government Accountability Office. Hint: Imagine things twice as bad as today.

Over 54 pages, the GAO’s annual federal audit calls for major pullbacks to fix the fiscal health of the government and economy.

But if the predictions included in the report are right, a bigger crash is coming due to nonstop growing debt, now equal to America’s gross domestic product. By 2050, and absent a major (and an unlikely) policy shift, the national debt will more than double to 217% of GDP, said the GAO.

“The federal government faces an unsustainable fiscal future. At the end of fiscal year...

GAO warns of ‘unsustainable fiscal future,’ debt reaching over 200% GDP

And here is the actual GAO report

GAO Report to Congress

Kinda smacks of a paranoid style, doesn't it?

Nah

Master of Reality

but that’s a foreign subject to the L’s

Why do you keep referring to 75% of the population as leftists? 

@artemus_5

Wow! Let’s get a few things straight shall we? I am a "rightist" extolling the virtues of capitalism...I did not sign up to educate you. Of all the things you say are "up" are you saying that they were at their historically proper price and have now broken through the top of a reasonable pricing model? Gas? Coffee? Are you a self appointed soothsayer of supply/demand/cost to produce/risk analysis?

Were you picketing and lighting your hair on fire when the cost to produce hamburger was BELOW its "fair value"? Probably not. Gasoline and Oil? Probably not. Were you futzing around late spring of 2020 when the price of a barrel of oil went negative? Of course not.

There have been imbalances in markets since the beginning of time. I’m certain the ancients who owned water stops along the Silk Road or the largest buggy whip maker of 200 years ago each lamented loudly that it was someone else’s fault and that life was unfair when circumstances changed. People hate change, those who resist real change suffer the most. I would wager there are people with houseboats on what is left of Lake Powell crying about the value of their boat slip has tanked!

If you had a minor clue about economics, you wouldn’t have assumed that anyone who happens to disagree with your ill informed opinion on certain subjects must be of the opposite political persuasion. I don’t disagree with your analysis because you and I might be on opposite side of a political topic, I disagree with your analysis because it isn’t based on fact or knowledge.

The effects of inflation on the disadvantaged can be a shock because they either don’t have the resources or ability to maneuver. I get it, if your resources are finite then yes, you have to consume less hamburger in order to survive. Real wages have been pretty flat for a couple of generations. That is changing....some may say wage inflation is terrible, others may say it it just catching up to the historical trends.

At the end of the day, I couldn’t care less whether you like or don’t like the concept of capital flows and free enterprise. You are more than welcome to fight the windmills. Oh, and to address the topic of the thread...if a 50 basis point move in the Fed funds rate triggers the need to sell your audio gear at a fire sale, you probably shouldn’t have made the purchase to begin with. I have been under the assumption that the typical Audiogon participant could afford to participate in a not-so-inexpensive hobby. I feel empathy for the individual who through the hard knocks of life find themselves disadvantaged. I feel no empathy for the person who levered up their credit cards in spite of the obvious circumstance that they couldn’t afford the purchase.