| PeteMN - 4/19/2022 23:09
Back in the 80's, interest rates of 16% definitely slowed down the building and remodeling industry. But we're a long way from those interest rate levels right now. The rising employment levels may force the Fed to raise interest rates even though prices are being driven by world events that are beyond our control. At least farmers are going into it with more cash than the last time. buy a farm here in my part of north iowa today and finance it at todays 25 year fixed rate, and total interest payments would be considerably higher than the same farm financed at the peak value of 1982 and financed same % at 16 percent. So quite the opposite, instead of were a long way from those levels now, we’ve actually exceeded them. |
What if the fed doesn't get inflation under control
