| jdironman - 5/21/2026 09:37
Also read this morning that Trump will let him be as far as raising interest rates, so we will see. 10% type interest rates would be a huge reset. Don’t think that is what anybody thinking today but old enough to remember the Reagan years.
When my wife has control of television in the evening ( most of the time) I go thru a lot of YouTube and for some reason I get this one that comes up often of a car dealer manager-finance guy going thru sketchy car financing. It is crazy what people want to buy and the fact that someone will even finance them to do it. Of course the more far out the financing, the higher the rate. 18 to 21% is not uncommon. It blows me away what people will sacrifice to drive a car with a certain name plate or whatever. I don’t understand people living only for present with absolutely no planning for tomorrow.
I retired in 2021 and seen it with the new hires. It just baffled me the number of employees with 1 to 5 years seniority who contributed NOTHING to their 401K. The employer would match up to 6%. I asked a few why they didn't and one co worker responded that he was going to have to work till he died so he might as well spend it all now. |
Fighting inflation
