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Most Online39,925 Dec 30th, 2023
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Re: Interest rate cut today
[Re: reeltexan]
#15024006
03/22/24 01:47 PM
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Joined: Apr 2010
Posts: 26,237
patriot07
TFF Guru
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TFF Guru
Joined: Apr 2010
Posts: 26,237 |
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
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Re: Interest rate cut today
[Re: bloo_rainger]
#15024105
03/22/24 03:23 PM
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Joined: Jun 2010
Posts: 5,882
David Welcher
TFF Celebrity
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TFF Celebrity
Joined: Jun 2010
Posts: 5,882 |
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.
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Re: Interest rate cut today
[Re: bloo_rainger]
#15024183
03/22/24 04:56 PM
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Joined: Dec 2008
Posts: 16,281
grout-scout
TFF Guru
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TFF Guru
Joined: Dec 2008
Posts: 16,281 |
A $350k+ house at 18% interest? There will be record bankruptcies from realtors and lenders. Most couldn’t even swing 10% interest on that.
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Re: Interest rate cut today
[Re: bloo_rainger]
#15024226
03/22/24 05:38 PM
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Joined: Oct 2006
Posts: 95,931
Bigbob_FTW
Big Sprocket Bob
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Big Sprocket Bob
Joined: Oct 2006
Posts: 95,931 |
if you believe the inflation numbers the government is putting out you're an idiot.
FJB
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Re: Interest rate cut today
[Re: WAWI]
#15024261
03/22/24 06:13 PM
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Joined: Jul 2005
Posts: 10,973
MARKIT
TFF Guru
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TFF Guru
Joined: Jul 2005
Posts: 10,973 |
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,
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Re: Interest rate cut today
[Re: bloo_rainger]
#15024434
03/22/24 08:58 PM
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Joined: Feb 2024
Posts: 507
Clearwater7
Pro Angler
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Pro Angler
Joined: Feb 2024
Posts: 507 |
Once they cut rates, hold on to your hats. Usually followed by a recession.
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