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re: Fed funds rate was 14% in the late 70’s early 80’s to battle inflation.

Posted on 4/15/22 at 9:03 am to
Posted by FlyingTiger1955
Member since Jan 2019
5765 posts
Posted on 4/15/22 at 9:03 am to
Our first home loan was an FHA at 15.5%. Some older mortgages were assumable at lower rates, but the owners wanted a huge cash payment to sell. You couldn’t get a loan for the down payment so you had to have the cash.
Posted by lechateau
Member since Dec 2021
967 posts
Posted on 4/15/22 at 9:11 am to
The big lie is that you can tax the rich...no you cant. Every time the gun is "aimed" at the rich, it misses and hits the middle class.

Rate hikes to fix inflation wont hurt the rich at all or the poor. The middle class will bear that load. The rich will pay cash and buy up all the defaulted on property and just get more rich. This is what decades of mindnumbingly stupid economic policy gets you.
Posted by JJJimmyJimJames
Southern States
Member since May 2020
18496 posts
Posted on 4/15/22 at 9:16 am to
quote:

If we hit double digit FFR I’m putting my entire 401k in 30yr treasuries

Do you think the "full faith in the US Government" is as valuable as it once was?

The answer to that question determines what both the rate of return and dependability of 30 year treasuries will be.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
262290 posts
Posted on 4/15/22 at 10:10 am to
On the other hand, rates need to rise some.

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