My son, much to my disappointment, is a liberal. Just yesterday he was mentioning buying a new house. I said, interest rates have gone way up. He said: “It is what it is.”
Americans are too stupid to reject their Dem masters.
branDUHnomics. What a success. Right? 😳
🙏🇺🇸🇮🇱👍
Why dont we print and spend more money? Maybe waive student loans for votes? How about writing checks for endless war?
Great time to be an illegal alien. Everything is free for them.
But…but…Trump…J6…!!!
I’ve come to the conclusion that the only way to turn politicians’ heads and stop the deficit spending IS to let the interest rates go up. Making debt less affordable is the ONLY thing that will make these JBHs* re-consider their profligate ways.
*JBH = Just Barely Human
Interesting they would buy options on long dated treasuries after the fed paused its hiking.
(Bidenomics. what a disaster.)
All according to plan.
Insert gif of Manchurian Candidate Barack Hussein Obama nodding and smiling
His work here is almost done.
I think the real canary in the coal mine is the housing market. These high interest rates are a death knell for new housing starts. There is a long process that takes place before a new house is built and ready to go on the market. So as a developer, when you see these high rates, and people can’t afford them, there will be a pull back in new housing starts, which stops the long term momentum of new housing. It takes a while, for developers to build back confidence to restart development. Add to that the fat that homeowners who want to buy new homes are not willing to buy with a high interest rate and give up their current low interest rate.
Infinitely superior to a never ending cascade of mean tweets
In the Reagan years the fixed mortgage interest rates (click here) were as high as 17%, never less than 10%, so don't blame the increasing interest rates on Biden.
Blame it on the steeply increasing inflation supported by the House of Representative that allow such disbursement of non-existing government dollars for imaginary programs dreamed up by the liberals allowed to hold office.
bttt