Posted on 05/07/2024 7:34:54 PM PDT by Roman_War_Criminal
The Fed is purposely doing the wrong thing in order to steer us off a cliff.
“The banks are where we get mortgages to buy homes, auto loans to buy vehicles, and credit cards to go on shopping sprees.”
I use a credit union. 3.1% home loan, 1% car loan
I putting my money in tulips. They did it once, they can do it again. Just need to time the market to sell it before it implodes or else you’ll take it in the shorts.
I thought for years we would have a crash. Hasn’t happened. Could have lived a bit better life. Oh well...
Credit union accounts are insured the same as bank deposits.
Here’s an idea: how about the assorted perverts and thieves in Congress and at 1600 Pennsylvania Avenue cut spending so that the National debt goes up by less than the actual growth in the economy, and do that for 7-10 years. The debt as a percentage of the economy will decline, and so will interest rates, accelerating the reduction of the debt burden on the present, and all future, generations.
ping
I don’t believe that there will be a serious crash. Too many politicians have their money in the markets. They won’t let it happen because it would hurt them.
The stock exchange is a funny place,
It's the strangest place in town.
The seats cost half a million cash,
But the brokers won't sit down.
There's the broker, the bull and the bear,
It's queer, but it's not a joke,
For you get the bull till your bankroll's bare,
And the broker says, "you're broke."
“Credit union accounts are insured the same as bank deposits.”
All my dough is in stocks.
“I thought for years we would have a crash. Hasn’t happened. Could have lived a bit better life. Oh well”
Same, but for how much longer can the markets stay irrational?
At this point markets kind of have to move with inflation
Fake news. You can find a story like this every week.
As is SOP for the fe(de)ral government.
My suspicion is that because the elections are coming around, the leftists/dems are going to try to do what they can to improve the economic situation. Things like lowering gas and fuel prices, and interest rates.
They will make a show of trying to undo the unpopular, country destroying policies they have enacted so people will instead think they are the *heroes* for having *fixed* the problems they will blame on President Trump.
And the gullible, short memory general public will most likely buy it.
Yeah.
2008, the Democrats were loudly screaming that Americans weren’t “paying enough” for gas.
The polling said this was bad policy for them.
Election 2008, voters seemed completely incapable of remembering the prior ten months.
That would make too much sense, and besides that would be good for America and they don’t want that.
“DONT CRY FOR ME ARGENTINA “
Just look at what happened there following the same economic insanity we are following today. Fortunately they have a new leader that is a patriot and not economically insane. They might recover. I hope we do.
Good.
What credit union is giving 1% on a car loan?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.