To: Alberta's Child
People forget that historically speaking, a prime rate of 8.5% is rather normal.
Rates were north of 10% for much of the ‘80s, for example.
30 posted on
05/01/2024 10:41:08 AM PDT by
Ultra Sonic 007
(There is nothing new under the sun.)
To: Ultra Sonic 007
Keep adding a trillion to the national debt every 100 days, and the Fed will have to raise rates.
The Pubbies in DC aren’t doing anything about it,either
33 posted on
05/01/2024 12:58:20 PM PDT by
Night Hides Not
(Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
To: Ultra Sonic 007
That’s a very good point. I’d make the case that the U.S. economy doesn’t have the capacity for the kind of growth that would support those interest rates anymore. Demographics and declining productivity make high interest rates a disastrous scenario for us right now.
37 posted on
05/01/2024 4:51:56 PM PDT by
Alberta's Child
(If something in government doesn’t make sense, you can be sure it makes dollars.)
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