Glad mine is locked in at 2.62%.Keep on going down baby, my mortgage rate gets adjusted for the first time in December. I'm pretty sure it is still above the 2% max it can increase though.
Yep, of course you are correct. They (the fed.) should have left the rate where it was. It was working so well for Joe Sixpack.Rip roaring wahoo inflation inbound. Homes and stocks at record highs, inflation metrics coming in hot across the board, but we gotta turn the free money taps on to save Mommy KamKam's election chances.
Last time the Fed successfully tamed this level of inflation, interest rates were something like 19%. Rates haven't risen anywhere near enough, nor has the money printing that causes inflation slowed down.Yep, of course you are correct. They (the fed.) should have left the rate where it was. It was working so well for Joe Sixpack.
Wait……stocks at record highs? Under sleepy joe, that doesn’t seem rite.
To be positive about things. Nobody and I mean nobody despises JB more than I do.
So, unless I’m mistaken. You’re saying the Fed. can tame this inflationary spike.Last time the Fed successfully tamed this level of inflation, interest rates were something like 19%. Rates haven't risen anywhere near enough, nor has the money printing that causes inflation slowed down.
Unspoken, besides the blatant election interference, is the fact that interest payments on the debt are projected to exceed what we spend on Social Security by December or January. They can cut rates and let inflation devour what's left of the American Dream, or they can corral inflation and bankrupt the country paying for the debt.
I believe we're much to far gone for a soft landing at this point.So, unless I’m mistaken. You’re saying the Fed. can tame this inflationary spike.
And- big and. The Fed. should have left the interest rate where it was.
Guess a soft landing just doesn’t enter into any equation.
They can't tame it at current rates. To actually bring prices down, rates need to be much higher and money printing must cease.So, unless I’m mistaken. You’re saying the Fed. can tame this inflationary spike.
And- big and. The Fed. should have left the interest rate where it was.
Guess a soft landing just doesn’t enter into any equation.
I saw an interview with the The Federal Economist that charted the double digit inflation under jimmy carter Analyzed the inflation under biden. He used all the old metrics and found the inflation under biden is actually far higher than under Carter. If you keep changing the measuring stick, you can report any number you like.Last time the Fed successfully tamed this level of inflation, interest rates were something like 19%. Rates haven't risen anywhere near enough, nor has the money printing that causes inflation slowed down.
Unspoken, besides the blatant election interference, is the fact that interest payments on the debt are projected to exceed what we spend on Social Security by December or January. They can cut rates and let inflation devour what's left of the American Dream, or they can corral inflation and bankrupt the country paying for the debt.
They could afford the interest if they cut out all the welfare, FBI and ATFIf the rates go up to where they need to be the US couldn’t afford to pay the interest on the dept. Just think of what could be done if there was no debt payment.