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Honored Contributor
Posts: 14,762
Registered: ‎03-15-2014

We hope Janet Yellen knows what she's doing.

Esteemed Contributor
Posts: 7,842
Registered: ‎12-24-2010

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

Honored Contributor
Posts: 12,968
Registered: ‎03-09-2010

Re: Fed Hikes rates....

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@ValuSkr wrote:

We hope Janet Yellen knows what she's doing.

 

 

@ValuSkr 


 

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


Why is it, when I have a 50/50 guess at something, I'm always 100% wrong?
Honored Contributor
Posts: 12,295
Registered: ‎03-27-2010

Re: Fed Hikes rates....

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Honored Contributor
Posts: 12,295
Registered: ‎03-27-2010

@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.

Honored Contributor
Posts: 12,968
Registered: ‎03-09-2010

Re: Fed Hikes rates....

[ Edited ]

 



@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. 


Why is it, when I have a 50/50 guess at something, I'm always 100% wrong?
Honored Contributor
Posts: 18,995
Registered: ‎10-25-2010

@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?


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

Honored Contributor
Posts: 32,991
Registered: ‎03-10-2010

@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?


@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.

Esteemed Contributor
Posts: 5,577
Registered: ‎03-09-2010

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.

 

 

 

Honored Contributor
Posts: 12,295
Registered: ‎03-27-2010

Re: Fed Hikes rates....

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