Posted on 05/11/2023 8:14:55 AM PDT by Kaiser8408a
Life under Biden.
Bankrate’s 30-year mortgage rate is down slighty to 6.89%, but that masks the reality that mortgage rates were only 2.88% when Biden was sworn in as President. That is a staggering increase of 140 in the 30-year mortgage rate.
In fairness to Unaffordable Joe, Congress went on a crazy spending spree with Covid, much of which had nothing to do with Covid. Green energy spending for the donor class is helping drive core inflation up 291% since Biden was installed as President.
And yes, The Fed is playing catch up for former Fed Chair Janet Yellen’s “Too low for too long (TLTL) monetary policy. So, now she is creating mayhem as US Treasury Secretary. And she was a terrible Fed Chair, now a terrible Treasury Secretary.
And yes, The Fed looks like they are pausing rate hikes.
(Excerpt) Read more at confoundedinterest.net ...
“Obama and Biden are killing the US.”
And the masses don’t care, as long as their phone continues to entertain them.
Damn democrats are forgetting and abandoning their children and children’s children in a barren wasteland... No, wait..
The globalists in the UN will save them with the new global digital ID and credit card. All powered by Chinese AI.
They’ll be safe in Rev 13:15!
Real inflation is about 14%, conservatively.
That means the Fed only has 10,000 basis points to go. But, yeah, let’s pause by all means.
These sh!tty banks could stop the depositor flight by raising the interest rate they pay depositors. I know that’s shocking, but.
Let’s go Brandon!
So glad our kid bought into a house @ 3.125% in late 2021. 2022 was a killer for mortgage rates.
It’s why the border is wide open replacements at a lower cost.
Xi has new atlas made.
There’s an old saying in economics, “High prices cure high prices”. Too bad Powell wasn’t in my Econ 101 class over 50 years ago. None of these people live in the real world. Powell has lived in the world of the elite his entire life and wouldn’t know sweat from hard physical labor even if it hits him in the face.
There’s an old saying in economics, “High prices cure high prices”. Too bad Powell wasn’t in my Econ 101 class over 50 years ago. None of these people live in the real world. Powell has lived in the world of the elite his entire life and wouldn’t know sweat from hard physical labor even if it hits him in the face.
It takes quite some time to decipher all this.
We have a 30 Trillion Treasury incoming. I think this nation is way over-loaded in taxation.
The epiphany is keeping the producers and what to do with all that treasury.
There is your war right there.
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