Posted on 11/21/2023 10:07:39 AM PST by Kaiser8408a
The Federal Reserve are unelected birds of war. They manipulate interest rates in an attempt to manipulate economic and social outcomes. Often making everything worse.
Global mortgage rates are soaring, much of due to central bank tightening after the Covid fiasco of 2020 as central banks try to reign in inflation caused by rampant government spending.
Most homeowners are now locked into low borrowing costs, which is hampering home sales.
The US conforming mortgage rate (30Y) is up 156% under Biden while the 10-year Treasury yield is up 304%.
Wake Joe up, before the election. He is off on vacation to Nantucket … again. Likely to help The Federal government execute a Nantucket Sleighride on the economy.
The Federal Reserve Board of Governors.
(Excerpt) Read more at confoundedinterest.net ...
Blaming this on Biden is unfair.
He would not know arbitrage from cabbage.
;-)
“ Blaming this on Biden is unfair.
He would not know arbitrage from cabbage.”
He cancelled the oil pipeline the day he became President .
With that action even his feeble brain knee what would happen .
Things are going as well as possible under the circumstance, none of what is happening is a surprise and opportunities are coming like always. Ignore screamers and their feverish headlines.
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