Columbia Basin, Ephrata, WA | Stormwatcher - 4/27/2022 18:46
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..
And the old generation thinks they’re entitled to high asset values AND high interest rates. Something about having cake and eating it too...
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Increasing interest rate to stop inflation????
