mrpoops t1_j18q2l3 wrote
Reply to comment by kbig22432 in Leaked internal document shows Amazon expects a soft landing for the US economy and little chance of a recession, a rosier outlook than many other forecasters by Sorin61
I work at a bank. Mortgages are way down because interest rates are up to ease inflation. The bank I work for is treating it like temporary pain, they aren’t hunkering down or anything. They’re gonna push savings and checking accounts and other traditional stuff in 2023 and wait for the fed to ease rates.
Long term numbers all look somewhere between decent and really good, actually.
kbig22432 t1_j18qdvu wrote
Thanks for responding! Good to know your bank has a plan for this.
What do you think of this:
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221014a.htm
What might cause the FED to be looking into this possibility?
mrpoops t1_j18qsg6 wrote
Totally normal. They have a calendar filled with this stuff:
https://www.federalreserve.gov/regreform/proposals-for-comments.htm
kbig22432 t1_j18ss0x wrote
Makes sense to ask the citizens for ideas to proactively address potential problems. The public, contrary to what the news would have you believe, isn’t just filled with idiots haha. Thank you again for responding.
I am curious what your thoughts are on the Dollar Endgame theory predicting hyperinflation in the near future.
Obviously this is an involved question, so feel free to tell me to pound sand if you want haha. It’s not often I have the ear of someone in banking, might as well get your perspective!
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