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This is just the beginning. When the government prints money out of thin air, the result is going to be inflation and higher interest rates.
But this is what y'all wanted right? "Change?"
I predict that interest rates will now begin an inexorable and dramatic climb. I hope I'm wrong, but the writing appears to be on the wall. Oil prices are dramatically up, which will affect pricing across all sectors of the economy.
We have voted for statism, collectivism, and evasion of reality, which now must cause incredible inflation. We have nobody to blame but ourselves, because we asked for it.
This is just the beginning. When the government prints money out of thin air, the result is going to be inflation and higher interest rates.
But this is what y'all wanted right? "Change?"
I predict that interest rates will now begin an inexorable and dramatic climb. I hope I'm wrong, but the writing appears to be on the wall. Oil prices are dramatically up, which will affect pricing across all sectors of the economy.
We have voted for statism, collectivism, and evasion of reality, which now must cause incredible inflation. We have nobody to blame but ourselves, because we asked for it.
-Marc
Not sure if it will start right now (aside from getting off the ridiculous low floor, I mean to historically high levels). The Fed has said they'll buy treasuries, which is exactly the same as government printing money to fund spending instead of borrowing it (sure, sure the Fed isn't part of the government, I mean th effect on the economy is the same). That will keep interests rates low for longer than would be expected, but also cause inflationary pressure to build up.
At some point it bursts (probably via an external event outside of US Government control - China not turning up at a treasuries auction, currency traders getting spooked and collapsing the US dollar overnight, etc) then inflation roars and interest rates skyrocket to match. See Germany in the 20s. Of course such an event could happen tomorrow, the US economy has been fragile enough for the last decade.
Of course we could do this in a more orderly fashion, but the government is fighting to prop up the US economy which works short term but results in such a collapse in the longer term.
Obviously I hope I'm wrong and misunderstanding something...
I believe job security is the main concern before purchasing a home. It doesnt matter that you found a beautiful home at a low interest rate. Or a beautiful home at an even lower price but higher rate. You'll still lose the home with a job loss.
Umm yea but housing prices were a 1/4 to 1/3 less than they are now.
more like 50%! 8.25% was on a townhouse I purchased for 123K. That same townhouse recently sold for 250K . House prices are still ridiculously high.... 10 yrs use to mean double your money. Still true for some who bought 10 yrs ago. Now, 30 yrs. if your lucky enough
more like 50%! 8.25% was on a townhouse I purchased for 123K. That same townhouse recently sold for 250K . House prices are still ridiculously high.... 10 yrs use to mean double your money. Still true for some who bought 10 yrs ago. Now, 30 yrs. if your lucky enough
Couldn't agree more, Wiley! Which is why house prices in NJ will continue to sink ...
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. House prices are still ridiculously high.... 10 yrs use to mean double your money. Still true for some who bought 10 yrs ago. Now, 30 yrs. if your lucky enough 
