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Re: Interest rate cut today [Re: reeltexan] #15024006 03/22/24 01:47 PM
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patriot07 Online Content
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Originally Posted by reeltexan


oh but it is

Ok...let's put our money where our mouth is? Peak interest rate in the 80s was 18.4%. I'll bet a handle of our favorite whiskey that we don't hit double digits for the average fixed 30-year mortgage before they start cutting rates. Deal?


Life can only be understood backwards; but it must be lived forwards.
- Soren Kierkegaard
Re: Interest rate cut today [Re: bloo_rainger] #15024105 03/22/24 03:23 PM
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The American Gaming Association projects that Americans will wager $2.7 billion on March Madness this year (and that’s just through legal sportsbooks). That’s enough money to have purchased the Baltimore Orioles (the world’s second most valuable asset IMHO) and still have $1 billion in the bank. Alternatively, $2.7 billion could fund the federal government for about … 3 hours and 45 minutes, probably to finance student loan forgiveness.

Re: Interest rate cut today [Re: bloo_rainger] #15024183 03/22/24 04:56 PM
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grout-scout Online Sleepy
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A $350k+ house at 18% interest? roflmao There will be record bankruptcies from realtors and lenders. Most couldn’t even swing 10% interest on that.

Re: Interest rate cut today [Re: bloo_rainger] #15024226 03/22/24 05:38 PM
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Bigbob_FTW Online Content
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if you believe the inflation numbers the government is putting out you're an idiot.


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Re: Interest rate cut today [Re: WAWI] #15024261 03/22/24 06:13 PM
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MARKIT Offline
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Originally Posted by WAWI
I moved out of a couple stocks today and parked some more in money market deal paying 5.2. I'll get paid to wait.

I know we should not time the market
But I remember when Greenspan raised rates about 2008
Nothing seams to effect WS nowadays,

Re: Interest rate cut today [Re: bloo_rainger] #15024434 03/22/24 08:58 PM
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Once they cut rates, hold on to your hats. Usually followed by a recession.

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