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damn Fed
#2678397
12/20/18 12:27 PM
12/20/18 12:27 PM
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Joined: Aug 2001
Posts: 67,559 Luverne, AL
Skinny
OP
GUVNER
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OP
GUVNER
Joined: Aug 2001
Posts: 67,559
Luverne, AL
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raising rates again killing the market. All cause they don't like Trump.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: damn Fed
[Re: Skinny]
#2678402
12/20/18 12:37 PM
12/20/18 12:37 PM
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Joined: Oct 2001
Posts: 25,958 Tampa
Beer Belly
Freak of Nature
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Freak of Nature
Joined: Oct 2001
Posts: 25,958
Tampa
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raising rates again killing the market. All cause they don't like Trump. Yep - Every time they open their mouth the market drops.
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Re: damn Fed
[Re: Skinny]
#2678406
12/20/18 12:39 PM
12/20/18 12:39 PM
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Joined: Aug 2001
Posts: 67,559 Luverne, AL
Skinny
OP
GUVNER
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OP
GUVNER
Joined: Aug 2001
Posts: 67,559
Luverne, AL
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The Fed seems to be trying to cause high unemployment. They need to step back a notch or three.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: damn Fed
[Re: Skinny]
#2678408
12/20/18 12:41 PM
12/20/18 12:41 PM
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Joined: Nov 2011
Posts: 21,916 USA
Remington270
Freak of Nature
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Freak of Nature
Joined: Nov 2011
Posts: 21,916
USA
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raising rates again killing the market. All cause they don't like Trump. Saw this coming from a mile away. They kept rates low for all of Obama's term. Propped him up. Now it's on to screw Trump's record.
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Re: damn Fed
[Re: Skinny]
#2678425
12/20/18 12:54 PM
12/20/18 12:54 PM
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Joined: Apr 2017
Posts: 4,597 Elmore county
GKelly
10 point
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10 point
Joined: Apr 2017
Posts: 4,597
Elmore county
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it's been between 5% - 10% for 20 years between 1980 to 2000 it's about as low as it gets right now it has been over 20% prior to the 80s. only reason it dropped below 2% in the last decade is to try and pull us out of a recession. they had to keep it dam near zero all of Obama's presidency to keep the economy from completely tanking. it's a good sign for our country when the rate goes up markets are just adjusting and everything will be fine. cant expect the rate to stay that low when we are doing so well.
Last edited by GKelly; 12/20/18 12:57 PM.
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Re: damn Fed
[Re: Skinny]
#2678427
12/20/18 12:57 PM
12/20/18 12:57 PM
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Joined: Feb 2015
Posts: 7,350 Meridianville
DryFire
14 point
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14 point
Joined: Feb 2015
Posts: 7,350
Meridianville
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raising rates again killing the market. All cause they don't like Trump. I tried to warn you guys.
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Re: damn Fed
[Re: DryFire]
#2678430
12/20/18 01:06 PM
12/20/18 01:06 PM
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Joined: Jun 2015
Posts: 14,241 Some Marriott/Auburn
AU7MM08
Booner
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Booner
Joined: Jun 2015
Posts: 14,241
Some Marriott/Auburn
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raising rates again killing the market. All cause they don't like Trump. I tried to warn you guys. Glad I'm not retiring in the next 10 years. Long term this bear market will really help me.
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Re: damn Fed
[Re: GKelly]
#2678432
12/20/18 01:07 PM
12/20/18 01:07 PM
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Joined: Nov 2011
Posts: 21,916 USA
Remington270
Freak of Nature
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Freak of Nature
Joined: Nov 2011
Posts: 21,916
USA
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cant expect the rate to stay that low when we are doing so well. ...but we're not doing that well. The economy is a lot weaker than folks think. The unemployment numbers are fake, and have been for some time. The number of able-bodied people that work is the lowest ever, in the history of the country. And this is all with cheap energy and low interest rates. As those go up, it'll be disaster.
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Re: damn Fed
[Re: Skinny]
#2678442
12/20/18 01:25 PM
12/20/18 01:25 PM
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Joined: May 2015
Posts: 6,363 On the X
TickaTicka
12 point
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12 point
Joined: May 2015
Posts: 6,363
On the X
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I agree with the anti-trump statements but you can't keep money free forever. Stagflation is gonna make this downturn hurt too.
Public Land Owner
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Re: damn Fed
[Re: Remington270]
#2678445
12/20/18 01:25 PM
12/20/18 01:25 PM
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Joined: May 2015
Posts: 6,363 On the X
TickaTicka
12 point
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12 point
Joined: May 2015
Posts: 6,363
On the X
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cant expect the rate to stay that low when we are doing so well. ...but we're not doing that well. The economy is a lot weaker than folks think. The unemployment numbers are fake, and have been for some time. The number of able-bodied people that work is the lowest ever, in the history of the country. And this is all with cheap energy and low interest rates. As those go up, it'll be disaster. Also true, we aren't in as good a shape by typical macro standards
Public Land Owner
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Re: damn Fed
[Re: Skinny]
#2678451
12/20/18 01:28 PM
12/20/18 01:28 PM
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Joined: Aug 2005
Posts: 8,363 Montgomery
WmHunter
14 point
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14 point
Joined: Aug 2005
Posts: 8,363
Montgomery
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raising rates again killing the market. All cause they don't like Trump. They are Globalist traitors and are scientifically engineering a recession to hit when Trump is running for re-election.
"The Tree of Liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson
" Chuck Sykes is a dictator control freak like Vladimir Putin " WmHunter
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Re: damn Fed
[Re: Remington270]
#2678452
12/20/18 01:28 PM
12/20/18 01:28 PM
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Joined: Aug 2005
Posts: 8,363 Montgomery
WmHunter
14 point
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14 point
Joined: Aug 2005
Posts: 8,363
Montgomery
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raising rates again killing the market. All cause they don't like Trump. Saw this coming from a mile away. They kept rates low for all of Obama's term. Propped him up. Now it's on to screw Trump's record. ^^^^ Truth.
"The Tree of Liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson
" Chuck Sykes is a dictator control freak like Vladimir Putin " WmHunter
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Re: damn Fed
[Re: Skinny]
#2678478
12/20/18 01:54 PM
12/20/18 01:54 PM
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Joined: Sep 2014
Posts: 3,126 KY
AUstan23
10 point
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10 point
Joined: Sep 2014
Posts: 3,126
KY
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The Federal Reserve is a private bank that issues out currency and does not need to exist. We do not need to take money from them on interest. I don't know how many times I have to say it or how to word it for you guys to see the bigger schemes at work. Its all a lie and a front controlled by a few global interests, same as the media. You guys are too busy looking at trees to see the forest.
JFK wanted to abolish the federal reserve and they killed him.
"Oh, well the darn Fed done gone and raised the rates again."
Why do we care what they think? ABOLISH THEM!
It is easier to fool a man than to convince him he has been fooled.
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Re: damn Fed
[Re: WmHunter]
#2678483
12/20/18 01:56 PM
12/20/18 01:56 PM
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Joined: Sep 2014
Posts: 3,126 KY
AUstan23
10 point
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10 point
Joined: Sep 2014
Posts: 3,126
KY
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raising rates again killing the market. All cause they don't like Trump. Saw this coming from a mile away. They kept rates low for all of Obama's term. Propped him up. Now it's on to screw Trump's record. ^^^^ Truth. Obama was a puppet, same as bush, same as clinton, same as bush sr, on and on.
It is easier to fool a man than to convince him he has been fooled.
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Re: damn Fed
[Re: 257wbymag]
#2678517
12/20/18 02:32 PM
12/20/18 02:32 PM
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Joined: Jul 2010
Posts: 9,493 B'ham
Goatkiller
14 point
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14 point
Joined: Jul 2010
Posts: 9,493
B'ham
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Pretty much what I have decided is all we can do about it is get a helmet.
No government employees were harmed in the making of this mess.
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Re: damn Fed
[Re: Skinny]
#2678556
12/20/18 03:21 PM
12/20/18 03:21 PM
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Joined: Oct 2008
Posts: 30,910 Clanton, AL
Out back
Grumpy Old Man
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Grumpy Old Man
Joined: Oct 2008
Posts: 30,910
Clanton, AL
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I thought the topic was Damn Fred.
My opinions and comments are my own. They do not reflect the position or political opinions of Aldeer or any of the Aldeer administration.
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Re: damn Fed
[Re: Goatkiller]
#2678619
12/20/18 04:20 PM
12/20/18 04:20 PM
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Joined: Sep 2012
Posts: 18,813 North AL
AU338MAG
Old Mossy Horns
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Old Mossy Horns
Joined: Sep 2012
Posts: 18,813
North AL
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Pretty much what I have decided is all we can do about it is get a helmet bottle of 18 year old single malt and enjoy the ride.FIFY.
Dying ain't much of a living boy...Josey Wales
Molon Labe
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Re: damn Fed
[Re: AUstan23]
#2678927
12/20/18 09:24 PM
12/20/18 09:24 PM
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Joined: Jul 2017
Posts: 591 Athens, AL
WallyGator0928
4 point
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4 point
Joined: Jul 2017
Posts: 591
Athens, AL
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The Federal Reserve is a private bank that issues out currency and does not need to exist. We do not need to take money from them on interest. I don't know how many times I have to say it or how to word it for you guys to see the bigger schemes at work. Its all a lie and a front controlled by a few global interests, same as the media. You guys are too busy looking at trees to see the forest.
JFK wanted to abolish the federal reserve and they killed him.
"Oh, well the darn Fed done gone and raised the rates again."
Why do we care what they think? ABOLISH THEM! Good post!!
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Re: damn Fed
[Re: deerman24]
#2679180
12/21/18 08:06 AM
12/21/18 08:06 AM
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Joined: Jun 2015
Posts: 14,241 Some Marriott/Auburn
AU7MM08
Booner
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Booner
Joined: Jun 2015
Posts: 14,241
Some Marriott/Auburn
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banks must be loving this. THey can charge more interest on loans but have not raised the interest on savings. Why anyone would use a traditional bank for a large savings account is beyond me. Interest rates of .000024% or something abysmal. https://www.ally.com/ Is Insured and at least the 2% you're earning is somewhat keeping up with inflation.
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Re: damn Fed
[Re: Skinny]
#2679202
12/21/18 08:31 AM
12/21/18 08:31 AM
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Joined: Jan 2004
Posts: 31,681 Slidell, La
perchjerker
Freak of Nature
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Freak of Nature
Joined: Jan 2004
Posts: 31,681
Slidell, La
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Can Trump replace the head of the Federal Reserve? Sumbiotch is hurting this country.
Thomas Jefferson. The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
Life is too short to only hunt and fish on weekends!
If being a dumbass was fatal some of you would be on your death bed!
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Re: damn Fed
[Re: Remington270]
#2679361
12/21/18 10:34 AM
12/21/18 10:34 AM
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Joined: Dec 2004
Posts: 25,316 Guntersville, AL
IDOT
I am Cornholio
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I am Cornholio
Joined: Dec 2004
Posts: 25,316
Guntersville, AL
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cant expect the rate to stay that low when we are doing so well. ...but we're not doing that well. The economy is a lot weaker than folks think. The unemployment numbers are fake, and have been for some time. The number of able-bodied people that work is the lowest ever, in the history of the country. And this is all with cheap energy and low interest rates. As those go up, it'll be disaster. All I can tell you, is that manufacturing is BOOMING. That isnt a sign of a weak economy.
If you’re a common sense person, you probably don’t feel you have a home in this world right now. If you’re a Christian, you know you were never meant to.
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Re: damn Fed
[Re: whack-n-stack]
#2679598
12/21/18 02:27 PM
12/21/18 02:27 PM
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Joined: Feb 2015
Posts: 7,350 Meridianville
DryFire
14 point
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14 point
Joined: Feb 2015
Posts: 7,350
Meridianville
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Do any of yall remember what they were like in the late 70's and early 80's? My first mortgage was 8.25%. I told the wife we will never see it go lower than that! My current mortgage rate is 3.05%.
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Re: damn Fed
[Re: DryFire]
#2679602
12/21/18 02:33 PM
12/21/18 02:33 PM
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Joined: Jun 2015
Posts: 14,241 Some Marriott/Auburn
AU7MM08
Booner
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Booner
Joined: Jun 2015
Posts: 14,241
Some Marriott/Auburn
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Do any of yall remember what they were like in the late 70's and early 80's? My first mortgage was 8.25%. I told the wife we will never see it go lower than that! My current mortgage rate is 3.05%. I've never had any debt higher than 5%. Weren't mortgages at one time like 12-15% the norm?
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Re: damn Fed
[Re: Skinny]
#2679637
12/21/18 03:10 PM
12/21/18 03:10 PM
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Joined: Jul 2005
Posts: 19,186 Chelsea, AL
straycat
Old Mossy Horns
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Old Mossy Horns
Joined: Jul 2005
Posts: 19,186
Chelsea, AL
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There is far too much focus on the short term, here and now economy. Which makes sense, because we live in the here and now...so we need to focus there some but not by ignoring what is also down the road. It is the long term economic health that is most important for sustained prosperity, opportunity and national security. America has gotten out of hand on all things financial.
At some point in time, the American way of life (economically) we've MANIPULATED and CREATED is going to implode. If you look at the debt, the deficit, the Fed Reserve, the idiots in DC, lack of a conservative budget, Congressional overspending, Agency manipulation of the budget, the entirety of the bureaucracy of government (fed, state local), along with crooked lenders, greedy corporations and the dumb ass typical American Consumer---it's only a matter of time.
Over the years there have been really good, sound economic fixes proposed only to be shot down by those seeking long power in government or those groups dependent on that gov't relationship to stay. That is because America as a culture in general has adopted many Progressive Movement ideologies....gov't has to provide, protect, enable, help, take care of XYZ. Gone are personal responsibility and making your own way with as little assistance as possible. Social programs once "developed" to be a temporary safety net for those in dire, true need have become an entitlement hammock for any need and want. I say "developed" because they were never really ever developed as a safety net...only marketed as such back in the day---the whole Progressive notion was to implement the plan knowing that America would never get rid of it--only grow it.
"The grass withers, the flower fades, But the word of our God stands forever." Isaiah 40:8
"Neither the wisest constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt.� Samuel Adams
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Re: damn Fed
[Re: bdw32]
#2679767
12/21/18 06:10 PM
12/21/18 06:10 PM
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Joined: Nov 2011
Posts: 21,916 USA
Remington270
Freak of Nature
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Freak of Nature
Joined: Nov 2011
Posts: 21,916
USA
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The price of homes has gone up a lot since mortgages were that high. Look at the difference a $200k home is now compared to what it was back then. Less land, less home, cheaper built and much more costly than it used to be. Vehicles are the same way. Interest rates don’t have to be as high because they’ll just charge you more for it.
They can tell me rising rates are good til their blue in the face but I’m not buying it. If anyone here could convince me how these rising interest rates are good for me then please do. I’d love to see the whole picture but as a consumer and middle class I despise it. My wages haven’t gone up and the wife’s hasn’t either. They’re just reaching in my wallet a little deeper and preventing me from buying some things I’d thought about buying. Do you save money, or plan to in the future? Folks are getting 2% on their savings whereas two years ago it was literally 0% or dang near it. High interest rates hurt borrowers but really help savers.
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Re: damn Fed
[Re: Skinny]
#2679947
12/21/18 09:33 PM
12/21/18 09:33 PM
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Joined: Dec 2017
Posts: 1,149 Wetumpka, Al
bdw32
6 point
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6 point
Joined: Dec 2017
Posts: 1,149
Wetumpka, Al
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I don’t do savings accounts really. My money goes into mutual funds, deferred comp,529 for the kids, and Iras. I have a pension retirement at work and also have a 401k at a second job. We save every way we can. Most of this isn’t liquid it’s for retirement.
Houses, cars, etc are all inflated beyond the point where most people can save up and pay cash for anything so they borrow. To me there is nothing good to come of this or any rise in interest rates. It’s going to keep people in more debt. They’ll buy homes and cars they can not afford and is only worth maybe half what they paid because the prices are so inflated. This is going to hurt the housing market, automobile industry, and lots of the corporations who manufacture the parts. Zero good for the working man short term or long term. In the end it’ll be like 2008 again but worse.
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Re: damn Fed
[Re: Skinny]
#2680029
12/21/18 11:09 PM
12/21/18 11:09 PM
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Joined: Aug 2001
Posts: 67,559 Luverne, AL
Skinny
OP
GUVNER
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OP
GUVNER
Joined: Aug 2001
Posts: 67,559
Luverne, AL
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I was lucky enough to avoid 2008 cause of my birth year and that point in my life. We are doing a 10 year planned down turn. So its a buyers market, not a cash it in market.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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