Community Chat

[ValuSkr]

We hope Janet Yellen knows what she's doing.

[fthunt]

HOPE...........a prayer thrown in too might  (might) be wise.

[gidgetgh]

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@ValuSkr wrote:

We hope Janet Yellen knows what she's doing.

@ValuSkr 

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She is Secretary of the Treasury, not Federal Reserve Chairman.  They are separate entities.

[phoenixbrd]

@ValuSkr   Don't hold your breath too long.  Please do your own research if you have a dog in the fight.  Just trying to save you some heartache.

[gidgetgh]

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@phoenixbrd - and full disclosure, though I worked in finance for 38 years, I am not now and never was a financial advisor and am not affiliated with AMEX at all. Just a very satisfied customer. 

[Carmie]

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@Still Raining wrote:

I still remember about 1980 or so, wow.  Now I know why old folks say kids are spoiled.  Anyone else remember the mortgage rates?

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I do   We bought our first home August 21, 1979.  The interest rate was 10.75%

[Sooner]

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@Still Raining wrote:

I still remember about 1980 or so, wow.  Now I know why old folks say kids are spoiled.  Anyone else remember the mortgage rates?

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@Still Raining You mean the 18 percent rates?  You bet you.  We went years not buying a bigger house because we couldn't even afford to move to one the same size because of the rates.  Horrible!  

It sure cuts down on credit card use too.

[Snowpuppy]

This is just the beginning to usher in CBDC. This time we are bailing out the 1%. 75% of account holders in SVB had more than $1M on deposit.

Inflation will be with us far longer. The UK announced inflation is surging again after remaining steady.

Never let a good crises go to waste.