it an “election” year; no action or cuts are favored, damn the statistics.
bttt
That is an indicator of the health of the financial speculation industry, not the "real" consumer economy. The problem is that Real Estate has outpaced the economy for a long time and that is something that cannot continue forever.
Rates will not be coming down anytime soon, they have waited far to long to raise them, which is what they should be talking about.
It’s obvious the whole thing is rigged - inflation is out of control and rates MUST go up but we can’t make Biden look bad in an election year.
Brandon is big on pause
Inflation is at around 15 to 20 per cent.
They lie through their filthy teeth and claim its way lower.
Interst rates should be at least 10 per cent to battle inflation.
Can’t do that can they? Because the national debt would suck up all the money per the budget just to pay the interest on that debt.
History repeats. We’ll be lucky not to experience another French revolution here.
Raising interest rates to stop inflation is like pushing a rope uphill.
As expected
Gold today is as valuable today as 111 years ago.
BEST ECONOMY EVER!!! Just ask the democrats.
FYI. Gasoline up to $5.25 this morning.
Now we have people on this forum whining that interest rates have been raised, and this is a a VeryBadThingTM.
It's hilarious.
What should the real interest-rate be? That’s a good question. I would say it’s probably at a perfect spot. Expecting it to go back down like it was during quantitative easing is just ridiculous. The average interest rate overtime has been in the 7% range. We have a short memory of history.
It’s irresponsible that the rates aren’t being raised even more.
bttt
I’m job locked dur to the terrible interest rates. I’m at 3.21% now, I’d be an idiot to replace that with an 8% loan.
And who is the biggest owner of MBS? One of the biggest is the Fed. Pretty sad when they set the rates AND get caught in the downdraft.
If you ever wondered if the world is run by idiots…there is your answer.