Fed raises interest rates...

[MattTuck]

I had been waiting for many months to post in the stock market thread from last January, but I guess I have to start a new one since that got closed down.

Indeed, it was a one and done, last time.

I think the inflation pressures are mounting more than a year ago, and have cajoled the fed into action.


Edit: This is all in good fun, not meant to be mean spirited, as it sounded like I might have been thinking about this for months. Not true, I just wanted to revisit our predictions. While some here are financial professionals, I'm just an arm chair prognosticator

[OtayBW]

Geez - so what'd they raise it to? You think I look at other websites????

[merlinmurph]

Not exactly news. ;-)

What will be interesting is the showdown between Trump and the Fed in the future. He will want rates to be held low, while the Fed may want to raise them.

Stay tuned.

[joosttx]

Originally Posted by merlinmurph

Not exactly news. ;-)

What will be interesting is the showdown between Trump and the Fed in the future. He will want rates to be held low, while the Fed may want to raise them.

Stay tuned.

Having higher interest rates will help promote the initiative for cutting budgets and lowering the Federal debt.

[Bruce K]

No one better type the dreaded 3 letters.....

Just sayin'....

BK

[sg8357]

Originally Posted by Bruce K

No one better type the dreaded 3 letters.....

Just sayin'....

BK

WIN, Whip Inflation Now ?

A golden oldie from the Ford Administration.

[Bruce K]

Wrong 3 letters

I wonder how many members are even old enough to remember that ridiculousness

BK

[flydhest]

Originally Posted by Bruce K

Wrong 3 letters

I wonder how many members are even old enough to remember that ridiculousness

BK

During the 2010 to 2011 period when inflation was threatening to fall below zero, a friend and colleague made up gag buttons that said "WDN" (Whip Deflation Now). I thought they were hilarious, but--to your point--the audience was pretty narrow.

[cachagua]

Ha! I WIN!!

Just refinanced about two weeks ago. Fixed-rate VA loan. Probably never see a better mortgage as long as I live. And.. I won't NEED to!

[sokyroadie]

Originally Posted by Bruce K

No one better type the dreaded 3 letters.....

Just sayin'....

BK

FRN

Jeff

[MattTuck]

Potd.

Originally Posted by sokyroadie

Frn

Jeff

[Bruce K]

BINGO!!!

Now stop it!

BK

[johnniecakes]

Hopefully soon it make sense again to save money. We have an entire generation who have no concept of planning and saving. Who remembers 4-5% on passbook saving and 11% mortgages with 20% down? When financial planning was really consideration and you had to deny yourself instant gratification.

Sorry, just a grumpy old man rant.

[93legendti]

Originally Posted by johnniecakes

Hopefully soon it make sense again to save money. We have an entire generation who have no concept of planning and saving. Who remembers 4-5% on passbook saving and 11% mortgages with 20% down? When financial planning was really consideration and you had to deny yourself instant gratification.

Sorry, just a grumpy old man rant.

Yup, money market at 5%...

Heck, I remember 9% cd rates on 30 day notes in Canada...1990 or so iirc.

[zap]

Originally Posted by johnniecakes

Hopefully soon it make sense again to save money. We have an entire generation who have no concept of planning and saving. Who remembers 4-5% on passbook saving and 11% mortgages with 20% down? When financial planning was really consideration and you had to deny yourself instant gratification.

Sorry, just a grumpy old man rant.

I would say generations....

I used to earn 12% +- point (early 80's) on the portion of my allowance that I put in my Bank of Montreal savings account. Now I have to be happy with 6% returns