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Started By
Message
re: Federal Reserve going to 0%
Posted on 3/15/20 at 4:51 pm to hombreman9
Posted on 3/15/20 at 4:51 pm to hombreman9
quote:
Good for banks though
It’s the opposite.
Lower Fed Funds Rates means that there will eventually be lower rates for all lending. This compresses the “spread” between banks’ cost of borrowing and what they can earn in interest when they lend.
It’s also not great for retirees who’s 401k’s are heavily invested in fixed income.
Good for borrowers though.
0
Posted on 3/15/20 at 4:52 pm to hombreman9
quote:
Nada. Good for banks though
Nah. Good for you unless you work for a bank though.
Posted on 3/15/20 at 5:00 pm to lsu xman
quote:
84 month 2.99%
Well shite now I gotta buy that Tundra instead of an accord
Posted on 3/15/20 at 5:06 pm to WITCH DOCTOR
money board
Posted on 3/15/20 at 5:08 pm to Tiger in Gatorland
I’ve already paid off my vehicle years ago
Posted on 3/15/20 at 5:38 pm to CP3LSU25
Does this mean I should buy a boat
Posted on 3/15/20 at 6:08 pm to Yeti_Chaser
Good time to buy anything that requires financing. Real estate, ho!
Posted on 3/15/20 at 6:14 pm to SEClint
quote:
And everyone thought metal musicians were full of shite..
There might be a few exceptions
Posted on 3/15/20 at 6:32 pm to White Bear
quote:
Ford will now pay me to finance a F250
All banks will start charging you to hold your money.
Posted on 3/15/20 at 6:38 pm to WITCH DOCTOR
quote:
What does that mean to the average person?
Not gonna retire this year after all, I guess. Or if I do, it's Friskies instead of Fancy Feast.
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