Posted 9/11/2021 13:16 (#9214672 - in reply to #9214651) Subject: RE: what happens if rates GO UP??
northern edge of north central Missouri
Getoffmylawn - 9/11/2021 12:55
We’ve had low rates for more than a decade now. It’s obvious that big budget deficits don’t drive interest rates. I’d imagine that most folks have locked in these low mortgage rates. If the fed bumps rates up it’d likely cool the housing market a bit and slow the economy. I don’t think we’re at that point yet.
There’s much you and I don’t agree on but I agree with some of what you say. On the “when” of a financial collapse I’m unsure. This financial cliff people on here talk about assumes the government will just let it happen and I don’t think they will. I think this manipulation of the dollar is an effort to eliminate capitalism. Capitalism is the most hated thing by leading Democrat minds. They are figuring out on the fly that Covid provides the acceptable excuse to throw money around.
I also think there is more than one thing going on at a time ie vaccine mandates.