Materialism is Ruining The West + FOMC Meeting Rate Hikes! | David Coleman Daily Thoughts #12
The FOMC raised interest rates by a predicted .25 bps today which won't severely impact the markets TOO much, but maybe will give some investors more confidence to take money out of cash and start reinvesting in back into the economy.
Powell came out and stated that the labor markets are still very off - which I agree with completely. We'll see a lot more unemployment, business closures and pain throughout the economy before interest rate increases are done.
Also, Materialism is ruining our society and it needs to stop! Maybe after this horrible global depression we're about to undergo is over we can get back to where things used to be - not about stuff!
I have lived an interesting 27 years - filled with a lot of different career choices. From Social Media Marketing and Web Design to CNC Machining and Truck Building - I have done it all! I'm going to try and share my experiences and some of the things I've learned along the way.
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