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Old 10-08-2018, 02:39 AM
 
106,668 posts, read 108,833,673 times
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Last edited by mathjak107; 10-08-2018 at 03:48 AM..

 
Old 10-08-2018, 03:22 AM
 
Location: Spain
12,722 posts, read 7,574,122 times
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Quote:
Originally Posted by mathjak107 View Post
he has been posting the same rhetoric now for more than 2 years . the story line never changes . it's the fed's fault for everything . ......
Longer than three years even:

https://www.city-data.com/forum/econo...deflation.html

https://www.city-data.com/forum/econo...l#post41119574
 
Old 10-08-2018, 03:32 AM
 
Location: Spain
12,722 posts, read 7,574,122 times
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Quote:
Originally Posted by C2BP View Post
We look at the ‘winners’ in our society, and what do we see? We see – along with mansions, expensive cars, glamorous vacations and sophisticated friends and entertainment -divorce, addiction, crime, perversion, excess, loneliness, often early death, sometimes suicide.
Which of these is more prevalent among people with higher income or net worth? If that's what you see when you look at wealthier people, but statistically it isn't more common, you're not really seeing much are you?
 
Old 10-08-2018, 07:16 AM
 
37,315 posts, read 59,869,570 times
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If you live in some countries of this world and are female or gay or poor or the wrong religion or the wrong color--
Your sky has fallen...
 
Old 10-08-2018, 07:18 AM
 
Location: Morrison, CO
34,231 posts, read 18,579,444 times
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Quote:
Originally Posted by loves2read View Post
If you live in some countries of this world and are female or gay or poor or the wrong religion or the wrong color--
Your sky has fallen...
What does that have to do with INTEREST RATES?
 
Old 10-08-2018, 07:21 AM
 
12,022 posts, read 11,572,686 times
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There is political pressure for central banks to move away from extraordinary measures and normalize interest rates.

BIS warns member central banks about low interest rates and 'zombie' firms
 
Old 10-08-2018, 07:21 AM
 
5,342 posts, read 6,167,028 times
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This is why I am not making any additional payments on my mortgage right now. I figured it would be back up and I end up with historically low interest rates. I just wish I had decided to refi to a 15 year a month or so early than I did. I was in discussions with a broker and he had me at 2.625%, but wanted to wait to see if it moved a bit lower, so he didn't lock it in and then Trump won the election and all rates shot up.
 
Old 10-08-2018, 08:03 AM
 
Location: Knoxville, TN
2,538 posts, read 1,910,104 times
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I sold in April in metro Atlanta. My house sold in 3 days. My friend has had her house on the market a few miles from my old house since early August and had 2 sales fall through. Every one of the multiple offers she got in the first round was FHA financing. It appears as if a lot of people are coming with FHA pre-approvals and then not getting their loans. She finally had a person make an offer with cash and they are closing tomorrow. Where the earlier offers were above list, the final sale will be slightly below asking price. I also observed that people in the area seem to have gotten too optimistic with their pricing. Couple that with the usual seasonal slowdown and rising rates and houses do seem to be staying on the market longer.
 
Old 10-08-2018, 10:26 AM
 
5,907 posts, read 4,430,666 times
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I like how you pretend deflation is some desireable outcome. It’s destructuve and will be avoided. Part of the feds mandate is price stability. They aren’t going to allow protracted deflation. No central bank would.


But oh yeah, the economy has been dead for 20 years as we all go on living. They can’t keep the U.S economy boeyed? They’ve been doing it for decades. Even long before the dreaded 2001 you reference. Oh the fed stepped in in 2001 and 2007. Guess what? They’re going to step in in the future to smooth over bumps in the road. That’s what they are designed to do. Oh and they can’t “run out” of money in the future. The fed is the serpent eating its own tail until which point the USD is dethroned and that isn’t happening without another world war.
 
Old 10-08-2018, 10:57 AM
 
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In the early 1990s us share of world gdp was 25 percent. Today’s it’s 22%.

The USD share of global reserves in higher today than then. It’s holding above 60%.

https://en.m.wikipedia.org/wiki/Rese...Currencies.png
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