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Started By
Message
You can buy a 3-month US Treasury Bill that pays you 4.82% currently
Posted on 2/20/23 at 9:52 pm
Posted on 2/20/23 at 9:52 pm
Just two years ago this was essentially at 0.01%.
Seems normal
ETA for our liberal friends that might not understand this is the result of Joe Biden's inflation economy.
Seems normal
ETA for our liberal friends that might not understand this is the result of Joe Biden's inflation economy.
This post was edited on 2/20/23 at 9:57 pm
9
Posted on 2/20/23 at 9:55 pm to stout
Posted on 2/20/23 at 9:58 pm to LuckyTiger
Think we can get to 10% if Joe keeps his inflationary agenda going?
Posted on 2/20/23 at 9:59 pm to stout
Let’s aspire to be Greece!
Posted on 2/20/23 at 9:59 pm to stout
You’re trusting that the US government won’t default on their debts in the next 90 days
Posted on 2/20/23 at 10:17 pm to stout
Get 4.82 percent
And still lose buying power
And still lose buying power
Posted on 2/20/23 at 11:22 pm to stout
quote:
You can buy a 3-month US Treasury Bill that pays you 4.82% currently
And still lose money
Posted on 2/20/23 at 11:39 pm to stout
quote:
Just two years ago this was essentially at 0.01%.
Seems normal
Because money was too cheap for too long.
Current Fed Funds rate is 4.50%-4.75%. This is exactly in line with the Fed's actions. The inverted yield curve will correct once the bond market feels that inflation will be addressed in the long term.
The Fed Funds rate was in the 4 percent range in the early 2000s. We have a generation of consumers and home buyers who have never experienced money that wasn't ridiculously cheap.
The Fed is to blame. QE and insanely cheap money helped enable the housing affordability issue we have now, among other things.
Posted on 2/21/23 at 12:40 am to The Pirate King
quote:
You’re trusting that the US government won’t default on their debts in the next 90 days
In that case, hard pass. Zero trust.
Posted on 2/21/23 at 1:49 am to stout
At some point, interest on our debt is going to start impacting the budget. But what is another billion or trillion in debt to this administration or Congress.
Sooner or later, we will all be able to wipe or asses with singles because toilet paper will cost 100 dollars a roll with inflation.
Unfortunately, a shift in the thinking of the value of a dollar to the amount of debt maybe be our only way out as long as incomes, wages, and GDP increase with the growth. The lucky ones will be the ones with houses with mortgages before the change in value. Their monthly payments for insurance and property taxes will be higher than the debt service.
Sooner or later, we will all be able to wipe or asses with singles because toilet paper will cost 100 dollars a roll with inflation.
Unfortunately, a shift in the thinking of the value of a dollar to the amount of debt maybe be our only way out as long as incomes, wages, and GDP increase with the growth. The lucky ones will be the ones with houses with mortgages before the change in value. Their monthly payments for insurance and property taxes will be higher than the debt service.
Posted on 2/21/23 at 2:47 am to stout
It is normal. 
It was two years ago that was abnormal.
It was two years ago that was abnormal.
Posted on 2/21/23 at 4:35 am to Penrod
quote:
It is normal.
It was two years ago that was abnormal.
last time it was this "normal" was 2007
Posted on 2/21/23 at 6:05 am to LuckyTiger
quote:
Let’s aspire to be Greece!
Parts already are. The national debt of Greece is lower than the debt of Cook County, IL.
Posted on 2/21/23 at 6:09 am to stout
Result of endless wars and proxy wars instead of investments in our own nation and responsible budget management. Only way to solve this at this point is to divorce from the evil syndicate in DC.
Posted on 2/21/23 at 6:20 am to TerryDawg03
quote:
The Fed is to blame. QE and insanely cheap money helped enable the housing affordability issue we have now, among other things.
Yep. Should have started raising under trump before Covid.
quote:
We have a generation of consumers and home buyers who have never experienced money that wasn't ridiculously cheap.
This includes politicians. These $T bills that congress has gotten used to just got much more expensive
Posted on 2/21/23 at 6:22 am to BlackPawnMartyr
Yeah and when bread is 40 a loaf those shite sandwiches are expensive.
Posted on 2/21/23 at 6:30 am to Penrod
quote:
It is normal.
It was two years ago that was abnormal.
I was referencing the sharp increase vs just two years ago
This post was edited on 2/21/23 at 6:31 am
Posted on 2/21/23 at 6:41 am to stout
This ‘deal’ seems entirely too good. What’s the catch to me as an investor?
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