[jasamy2]

Interesting. Do you care to share what stocks you bought 6 weeks ago that are returning at an 80% rate?

Originally Posted by rsmurano

Powell is out of touch. He was late raising rates during the 2022 recession and now he’s late lowering them while inflation is way down.

Housing prices go up and down because of supply and demand. Every new house that is built here in TV goes thru a lottery system with dozens/hundreds of people going for the same house. I have multiple friends that have lost out up to 7 different lotteries for a new Eastport lot/house.

There are many many people buying homes with cash. Actually I don’t know of any friends that have a mortgage. Cash is king so high interest rates helps people with cash. IMO again, retires should never take out a mortgage or a car loan, you should use cash, except if you can get a 2-3% mortgage or a 1% car loan while using your money in the stock market where it’s making good money.Right now, even with rising rates, I have new stocks I invested in 6 weeks ago making up to 80% gains, which will cover and 1% gain in interest rates if I had any loans.

How many USA companies are popular with people that build top notch products? John Deere, Harley Davidson, ps audio, and there are many others. The reason GM, Ford, and especially Stellantis aren’t selling is because they are terrible compared to just about any other auto manufacturer IMO of course.
I’ll never buy a gm, ford or Chrysler product, while I buy new imports every 2 years.