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WCMO-SWMO Area | All cheap interest rates do is way over inflate asset values...That $500,000 house with 3% interest is really only worth $300,000 with normal interest rates of 6-8%..We that are retired on fixed incomes are taking it on the chin for being savers for all of our lives....If its being loaned out for 6-7% then we should get 3%..At my age I dont want in the Ponzi scheme stock market where I could lose 50% of it in a weeks time..Wall Street loves cheap interest to help create bubbles.....The younger generation thinks that they are entitled to cheap interest rates..
Edited by Stormwatcher 4/27/2022 20:47
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Increasing interest rate to stop inflation????
