Just wait until they raise Interest Rates, kaboom.
I think it will happen the moment a Republican is sworn in as President.
[Just wait until they raise Interest Rates, kaboom.]
I agree. This may be why the GOPe is trying to lose with the guaranteed loser, Jeb Bush. If it doesn’t blow up by the election, and I’ll be surprised if it doesn’t, it most certainly will in the early days of the next President.
The charades of the past 7 years, especially, will be laid bare. If they’re stupid enough to try and raise rates, it will start the cycle, IMHO, that they won’t be able to back out of no matter what they try. Few have discretionary income and some, I think, are betting on their 401k’s paper value.
I still meet people who think it’s 2003-2004 out there. Nothing could be further from the truth. Things were quite a bit harder even then, but it’s far and away different from now.
the interest rates are ridiculously low. It should be a crime to keep them that low. It is fake. And yes they will rise under Republicans which will continue the tale of Democratic Party is better for the economy then Republicans. The only one that screwed up any economy was Bush II and we paid dearly for it for 8 years of Obama.
Zero interest rates are a tax on savers, pure and simple. If you don’t think that has sucked $$ out of the economy, you’re kidding yourself.
Also, many of us have all the crap we need and then some. Products last longer now too. I remember needing a new TV every 2 years back in the 1970s (because the ones they made barely lasted that long). Now its 10 years or more.