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I’m just not convinced of the certainty expressed that raising interest rates will bring down inflation.
Or at least the 2 percent goal. Any thoughts?
It worked in 1982. Not high rates alone, but they were instrumental in controlling inflation. High borrowing rates kill demand across the board. Name something else that does.
It worked in 1982. Not high rates alone, but they were instrumental in controlling inflation. High borrowing rates kill demand across the board. Name something else that does.
I’m just not convinced of the certainty expressed that raising interest rates will bring down inflation.
Or at least the 2 percent goal. Any thoughts?
The 2% goal is a long way off.
Increasing rates will slow the economy. The tough part is slowing the economy without completely wrecking GDP and investment. So the Fed. will creep rates up.
As long as there are foreign buyers that think buying up US RE is a good idea, then the prices will continue to rise as these foreign buyers dont care. They just want to park their money so down payments and interests will mean nothing.
As long as there are foreign buyers that think buying up US RE is a good idea, then the prices will continue to rise as these foreign buyers dont care. They just want to park their money so down payments and interests will mean nothing.
As long as there are foreign buyers that think buying up US RE is a good idea, then the prices will continue to rise as these foreign buyers dont care. They just want to park their money so down payments and interests will mean nothing.
The rich foreigners have already bought in California,Florida,New York city.
There is always this myth/wishful thinking that some rich foreigners will buy this and that property-because they pay cash.
It does not mean they have bottomless pit of cash to keep buying,it is just their customs,they save more and they loathe paying interest.
And their fortune is often tied to the American consumers keep on spending,with the help of MC,Visa!
Once American consumers cut back on driving,spending,their fortune will decline
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