A friend of mine insists that they can never be raised that much or we are cooked.
Well done or very well done?
“A friend of mine insists that they can never be raised that much or we are cooked.”
I’ve heard that claim. Bernanke got in trouble with 7 quick raises during his time. He just backed them off when he saw what was happening and it worked out.
Yup. Raise it to 5% and basically all the income of the US government is needed to pay interest on the debt.
“A friend of mine insists that they can never be raised that much or we are cooked.”
IMHO: The current goal of the communist left is to DESTROY the USA, hence I believe MASSIVE interest rate increases will ensue...
My Wife’s mother went through a divorce JUST after the Carter years (OK her father did as well but that’s not the point of this story) and she purchased a condo at 18% APR. Why? because that was the rate for 30 year fixed mortgages.
“...or we are cooked.”
THAT IS the aim.
Gird your loins!