- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: interest rates on home mortgages wont fall anytime soon
Posted on 7/26/23 at 5:31 am to mmonro3
Posted on 7/26/23 at 5:31 am to mmonro3
You had HISTORICALLY low rates for Too long. Just pull up a 10 year fed funds chart. That’s all you need to know. Here is what happened
1. Obama’s fed finally started bumping up rates at the end of his term. Just little quarter bumps. That was the right thing to do
2. Trump’s fed came in and continued the same thing. Quarter bumps.
3. Then they paused in Dec of 2018. And Trump got on his bully pulpit. Starting telling everyone how “disappointed we all were with the fed. And in June of 2019, they started lowering rates. (That was a Mistake)
3. Then next Spring Covid hits (further complicating matters)
Just look at the chart. It tells the whole story.
Rates were low for WAY too long. Inflation does not happen overnight. Biden’s fed jacked shite up with the steepness. And that’s what needed to happen.
Sorry if that doesn’t fit the moronic “Biden’s Inflation” rhetoric you Dipshits keep spewing. Just look at the fricking chart.
1. Obama’s fed finally started bumping up rates at the end of his term. Just little quarter bumps. That was the right thing to do
2. Trump’s fed came in and continued the same thing. Quarter bumps.
3. Then they paused in Dec of 2018. And Trump got on his bully pulpit. Starting telling everyone how “disappointed we all were with the fed. And in June of 2019, they started lowering rates. (That was a Mistake)
3. Then next Spring Covid hits (further complicating matters)
Just look at the chart. It tells the whole story.
Rates were low for WAY too long. Inflation does not happen overnight. Biden’s fed jacked shite up with the steepness. And that’s what needed to happen.
Sorry if that doesn’t fit the moronic “Biden’s Inflation” rhetoric you Dipshits keep spewing. Just look at the fricking chart.
This post was edited on 7/26/23 at 5:56 am
1
Posted on 7/26/23 at 6:24 am to The Goat
I remember thinking to myself in 2014, “why have these frickers not started raising rates”? In my opinion, Obama’s fed should have started raising rates a year before they did. But when Trump’s fed started lowering rates, that’s when I said “oh frick”.
The fed chief supposed to be an apolitical role. Trump changed that, and the only rationale I could come up with is this
That fricker cared not one bit about the long term ramifications. My assumption it that he probably had a few hundred mil in notes maturing in 2019. And he didn’t want to pay higher rates.
The fed chief supposed to be an apolitical role. Trump changed that, and the only rationale I could come up with is this
That fricker cared not one bit about the long term ramifications. My assumption it that he probably had a few hundred mil in notes maturing in 2019. And he didn’t want to pay higher rates.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News