Jobs report / national debt
 

Interest only payments on our national debt just hit 1.trillion per year .and they’re getting ready to borrow more . More disturbing is the government borrows 1 trillion every 100 days .
Employment reports indicated layoffs .
The fed if not a branch of government and should not be
determining interest rates . Supply and demand would make banks compete for our $$$$ .
Nixon Taking our dollar off the gold standard was a failure. Our dollar has lost 90 % of its value to the U.S. postage stamp .

This remark reminds me of teenagers and the younger generation grousing at retirees for being "rich". Never mind the fact that many of us worked so hard and long for our money and hope to have enough to get us out the door. If anyone requires assisted living toward the end of their days, they can expect expenses from $6,000. to $10,000. a month.

When raising our young family and both of us working with excellent credit ratings, we encountered interest rates in the late 1970's and early 80's at 17%. We didn't start blaming our retired parents because they were living off their savings. We appreciated the fact that they knew, as we did, how to cut corners, live smaller and work.

I just love people who sarcastically indicate every retiree planning on making their funds work as being rich. Perhaps it's because they are sitting on a pot of gold but it's not becoming.barf

Ain't it the truth? I tired of the manipulation of what should be private money to pump up the way overvalued stock market, which is funny money. If people ever stood back, analyzed and cast a critical eye at what the stock market really is, it would collapse within days, IMO.

What mushroomd have you been eating
 

No way current inflation is 2.5%, inflation is an accunulative thing. Something in 2020 that cost $10 at 9.1 infkation cost $10.91. If as you sugget inflation is just 2.5% then that item now cost $11.81. Seems to me my $10 iinflation is 10.81%. We can do anything we want with numbers and statistics. So don';t listen to that 2.5% inflation BS.

When did the Feds quit including energy and groceries in the inflation percentage?

When they became a nuisance and messed up the illusion they were trying to create.

Good Debt creates wealth, for both people and businesses. If the interest rates are low, you can take out a loan to buy a house or a car instead of cashing out of equities that gives you much better returns than paying off a cheap loan. Same goes for companies especially small businesses. They can use this cheap money to expand their business instead of taking money out of the cash reserves of the company.
I’ve made a fortune for 30 years by using debt to buy houses and cars on debt (low interest rates) when I could have easily pay cash for them. For example, say I bought a house for $1M and at that time, I could buy it using a 3% loan for 30 years or sell equities that are making me anywhere from 10% to 40%, which makes more sense? Some will say you don’t always make that much return on your money, and this is true, but when the market tanks, thats the worst time to sell equities to buy a house or a car.
I think Ramsey and Orman are dead wrong in regards to debt and home debt. They think by paying off a house, you will then have money 7-10 years down the road to invest. That’s wrong! You will lose 7-10 years of compounded interest gains, and losing 10 years of investing, you have to quadruple your monthly amount to invest and still not get you to where you would have been investing throughout this time. In my experience, my last few homes in the early 2000’s, I was making enough money in dividends alone in a year to pay for 3-4 mortgages. That’s free money!

It is actually pretty simple. The FED RAISED rates to combat INFLATION. They now feel that inflation is under CONTROL, so they can reduce rates.

Seniors will NOT be hurt by the Fed. bringing down the interest rate. Yes seniors with interest paying investments will get less gain (less money) but that money will NOW go further because things that they want to buy are going DOWN in price.......such as gas prices, food, clothing and etc. NOTE: those prices will NOT go down INSTANTLY, it will take a few months. Prices tend to LAG interest changes.

Right now ONLY 30% of economic experts think that we will have a recession. Not getting a recession will be very impressive for the Fed because it is difficult for them to "tiptoe" the line that they must walk to keep the US out of recession. The FED is to be applauded.

Some will call me naive, but I feel that the FED has been allowed to stay independent and above politics in recent years.

The stock market will last as long as America as we know it will last. Only a nuclear holocaust could stop the sock markets of the world.

A nearly PERFECT post......excellent.

So one made a fortune off other people's "cheap money". Bully for them and therein, people lies the problem. We did very well using our own money paying off mortgages that weren't cheap and the free money one used from the market... people, I rest my case. What a screwed up mess this country is in today.

Guess some don't have to grocery shop, provide day care for children, buy clothing and medical care and on and on. The post missed on almost every mark.