Irritable Powell syndrome, how the meeting on cost overruns went down, the moment Powell realized a printer isn't only used to print money and more Trump confronts FED Chair Jerome Powell memes!
Sure, lets reduce interest rates to what are effectively negative rates and amounts to a huge hidden tax increase and forces people not to save - that way we'll cement even further cradle to grave dependence on the federal government. Why? Because we're addicted to profligate spending and unable to break our habit, nor even admit we have a problem. As and added bonus, we get to punish responsible savers and reward irresponsible financial behavior!
Problems with housing affordability are not caused by interest rates, but rather regulations on housing construction, zoning coupled with a 'socially constructed' irrational expectations of what sort of house you should have a given stage of your life. If the difference from 2% to 7% on your housing makes the difference between being able to 'afford' a house or not, you're either buying more house than your current earning potential allows and/or housing stock is way too expensive to start with for other reasons.
Awesome, as usual! You provide so many laugh out loud moments, thanks!! 😂😂😂
Sure, lets reduce interest rates to what are effectively negative rates and amounts to a huge hidden tax increase and forces people not to save - that way we'll cement even further cradle to grave dependence on the federal government. Why? Because we're addicted to profligate spending and unable to break our habit, nor even admit we have a problem. As and added bonus, we get to punish responsible savers and reward irresponsible financial behavior!
I like getting at least 4%+ on CDs and hope it continues... Its just a problem for anyone trying to buy a home (which are mostly unaffordable now...)
"problem for anyone trying to buy a home"
Problems with housing affordability are not caused by interest rates, but rather regulations on housing construction, zoning coupled with a 'socially constructed' irrational expectations of what sort of house you should have a given stage of your life. If the difference from 2% to 7% on your housing makes the difference between being able to 'afford' a house or not, you're either buying more house than your current earning potential allows and/or housing stock is way too expensive to start with for other reasons.
and don't forget 50 million illegal and legal immigrants buying/renting houses and then renting out every room in the house for cash...