Good news if you’re financing a new car or buying a house. Not so good news if you’re a senior planning on buying a CD for income.
To: Leaning Right
So buy a treasury (or corporate) bond instead before the rate cut. A cut in interest rates means an increase in bond price, so you’d make a profit on the price increase of your bond:
2 posted on
03/05/2020 11:17:19 AM PST by
stremba
To: Leaning Right
CNBC is not trustworthy they been pushing for a market collapse since the start of this . Fox Business channel is much better
3 posted on
03/05/2020 11:17:49 AM PST by
gibsonguy
To: Leaning Right
Good news if you’re financing a new car or buying a house. Not so good news if you’re a senior planning on buying a CD for income. Seniors are only able to invest in CD"s??
7 posted on
03/05/2020 11:31:36 AM PST by
FreeReign
To: Leaning Right
start loaning out money... over pay your credit cards, they would pay great interest.
8 posted on
03/05/2020 11:33:40 AM PST by
teeman8r
(Armageddon won't be pretty, but it's not like it's the end of the world)
To: Leaning Right
"Good news if you’re financing a new car or buying a house."
Also good if your a government that has to borrow a trillion dollars a year just to cover operating costs. Although, it just kicks the can down a road a bit farther allowing the current managers to be long gone when the inevitable finally happens.
To: Leaning Right
I almost forgot what a CD is. IMO under the mattress is better than a CD and has been for a long time.
13 posted on
03/05/2020 11:41:16 AM PST by
WinMod70
To: Leaning Right; AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; ...
The rate cut made no sense, and was probably done for political reasons.
Mad Maxine and the reprehensible Al Green are on the attack on Wells-Fargo as well.
16 posted on
03/05/2020 11:50:36 AM PST by
SunkenCiv
(Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
To: Leaning Right
What to heck is a “Bond-King”?????
17 posted on
03/05/2020 12:13:09 PM PST by
lgjhn23
(It's easy to be a liberal when one is dumber than a box of rocks...)
To: Leaning Right
Good news if you’re financing a new car or buying a house. Not true for houses. When interest rates are artificially lower than true inflation, money flows to hard assets such as stocks and real-estate causing bubble prices. So you are buying an inflated priced house. That is what what happened before housing collapse in 2010-11. Also, lower rates make more people eligible for loans and brings in more buyers and that causes more price increases.
20 posted on
03/05/2020 12:24:44 PM PST by
entropy12
(You are either for free enterprise or want gov't to interfere with corporate issues.)
To: Leaning Right
I thought low bond market is a sign of a healthy economy?
23 posted on
03/05/2020 1:31:02 PM PST by
Mr. K
(No consequence of repealing obamacare is worse than obamacare itself.)
To: Leaning Right
After inflation, short term rates are negative. Great for borrowers. Terrible for savers.
24 posted on
03/05/2020 3:06:03 PM PST by
Socon-Econ
(adical Islam,)
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