Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 05-03-2023, 03:49 PM
 
18,801 posts, read 8,465,846 times
Reputation: 4130

Advertisements

Quote:
Originally Posted by Lycanmaster View Post
The FED should've raised rates decades ago.

This low interest rate environment along with QE may have completely screwed up the economic/financial system beyond repair.
I took on my first home mortgage in 1980.

Low rates are good for business and they are good for families/lifestyle.

Who benefits from 14% interest rates when inflation is low?
Reply With Quote Quick reply to this message

 
Old 05-03-2023, 04:45 PM
 
Location: Orange County, CA
4,901 posts, read 3,358,842 times
Reputation: 2974
Quote:
Originally Posted by Hoonose View Post
I took on my first home mortgage in 1980.

Low rates are good for business and they are good for families/lifestyle.

Who benefits from 14% interest rates when inflation is low?
People who pay cash and don't go into debt?

This financial system is all about putting people into debt slavery so as to make the banksters richer.
Reply With Quote Quick reply to this message
 
Old 05-03-2023, 05:41 PM
 
18,801 posts, read 8,465,846 times
Reputation: 4130
Quote:
Originally Posted by Lycanmaster View Post
People who pay cash and don't go into debt?

This financial system is all about putting people into debt slavery so as to make the banksters richer.
Great for buying homes and cars. A very significant portion of our economy, businesses, workers and lifestyle. We'd move back to the late 40's. And banksters certainly don't enjoy charging 14%!
Reply With Quote Quick reply to this message
 
Old 05-03-2023, 08:05 PM
 
7,753 posts, read 3,791,421 times
Reputation: 14662
The S/N ratio in this thread is most unfavorable.
Reply With Quote Quick reply to this message
 
Old 05-03-2023, 08:43 PM
 
Location: Victory Mansions, Airstrip One
6,750 posts, read 5,049,080 times
Reputation: 9184
Quote:
Originally Posted by moguldreamer View Post
The S/N ratio in this thread is most unfavorable.
Looks like about -20dB
Reply With Quote Quick reply to this message
 
Old 05-04-2023, 08:35 AM
 
Location: USA
95 posts, read 50,484 times
Reputation: 278
Quote:
Originally Posted by BeerGeek40 View Post
Oops, don't look now. Another bank failure under BIDEN's watch.
Pac west currently down 55% today.
Reply With Quote Quick reply to this message
 
Old 05-04-2023, 08:56 AM
 
4,939 posts, read 3,047,903 times
Reputation: 6733
Quote:
Originally Posted by Dark n Stormy View Post
Pac west currently down 55% today.

Insiders are racing for the exits.
If you look at the asset values of the first 3 failures, they are already equal to all(including Washington Mutual)the bank failures in 2008; and it's only May.
While these facts are alarming, I am told by people who know more than I; this is a short term correction.
Reply With Quote Quick reply to this message
 
Old 05-04-2023, 08:58 AM
 
26,191 posts, read 21,574,273 times
Reputation: 22772
Quote:
Originally Posted by Sunbiz1 View Post
Insiders are racing for the exits.
If you look at the asset values of the first 3 failures, they are already equal to all(including Washington Mutual)the bank failures in 2008; and it's only May.
While these facts are alarming, I am told by people who know more than I; this is a short term correction.
Comparing asset values from 08 vs now is a flawed exercise fwiw
Reply With Quote Quick reply to this message
 
Old 05-04-2023, 09:12 AM
 
4,939 posts, read 3,047,903 times
Reputation: 6733
Quote:
Originally Posted by Lowexpectations View Post
Comparing asset values from 08 vs now is a flawed exercise fwiw

Like I said, it's only May; there's still plenty of year left to off-set 15 years of ballooning.
Reply With Quote Quick reply to this message
 
Old 05-04-2023, 09:21 AM
 
26,191 posts, read 21,574,273 times
Reputation: 22772
Quote:
Originally Posted by Sunbiz1 View Post
Like I said, it's only May; there's still plenty of year left to off-set 15 years of ballooning.
Shockingly I know what month it is and that doesn’t change valuation comparison. It should be clear why there is a faulty aspect to it
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6. The time now is 08:22 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top