Posted on 10/20/2023 5:44:33 AM PDT by Red Badger
Yep. And my last mortgage was 10%. Interest rates have been too low for too long.
This is a giant deal that is getting closer...
“ I REMEMBER PAYING 13% CAR LOAN IN THE EARLY 80’S AND WAS GLAD TO GET IT!”
But I doubt you were buying a $90k truck though.
Vehicle prices are crazy. Just a short time ago we had zero percent interest on auto loans. Low gas prices, stable country.
Stolen elections have surely left a mark!
Interest rates have been ARTIFICIALLY too low for too long...............
Thanks, Joe!!!
Automakers might issue bonds paying somewhat more than banks pay on CDs.
Automakers can then make auto loans so their factories stay busy.
any thinking rates should be higher is looking to make money off the higher rates
30 year treasury peaked over 5% this morning. It is happening.
Hurting the Millennials beyond. The lost ones.
The economy is great, don’t worry about it...
Ah, inflation, the gift that just keeps on giving. The “cure” for inflation is to raise interest rates in general and most of all for consumer purchases, which in turn stops most economic activity.
The higher interest rates are in effect absorbing all the excess money in circulation, so there is no longer too much money chasing too few goods. A new equilibrium is established, but not without considerable pain during the “readjustment”.
Elections have consequences!!!!!
So now the snowflakes who voted for Biden are facing the consequences of their vote.
I miss mean tweets and low interest rates.
I would not buy a bond from any automaker except TOYOTA.
We are going to see more auto makers go out of business.
“””I miss mean tweets and low interest rates.””””
Well stated. Unfortunately, too many of our poorly educated Americans are unable to understand the concept of ‘cause and effect’.
Stuff is only cheap when production exceeds demand.
When Biden cuts supply of a major component of the economy, OIL, it leads to bad results.
And when Biden increases the supply of LABOR by opening the borders, it crushes the worker’s income.
I guess we can call the current economy BIDEN’S BIG SQUEEZE!!!!
Bond Funds have gone to shit. Vanguard. Fidelity. So much for “stable investments.”
Yes, the deliberate cuts to our domestic oil production caused prices to rise. Then effect fuel/transportation and food prices.
Now, they have loosened the sanctions on Iran and Venezuela to let them increase oil exports. Of course, right when we needed help from the Saudis, they CUT production most likely because they bad mouthed the killing of the journalist Koshogi(sp?).
So, the Kingdom gave a big pound sand to Biden.
All of these things cause INFLATION. Then the Feds ONLY option is to raise interest rates to kill housing, auto purchases, high tech loans and the economy in general.
So, what is the answer. Pump up the war machine.
The next thing to peel away should be the $2 trillion federal deficit spending.
Start with those 10,14, 8, 7, billion dollar “emergency” aid packages to various people starting wars around the world.
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