[fastboat]

And who was in charge in 1981? Asking for a friend.

Originally Posted by tophcfa

OMG, the 10 year UST is yielding a whopping 2.75% and the sky is falling because of high interest rates. News Flash, in September of 1981 the yield was 15.82% and that quickly brought our nations last bout of hyper inflation under control. The Federal Reserve needs to learn from history and finally do something meaningful to fight inflation.

[toeser]

Originally Posted by tophcfa

OMG, the 10 year UST is yielding a whopping 2.75% and the sky is falling because of high interest rates. News Flash, in September of 1981 the yield was 15.82% and that quickly brought our nations last bout of hyper inflation under control. The Federal Reserve needs to learn from history and finally do something meaningful to fight inflation.

I spent my entire career in finance. Frankly, I don't think our Fed Chairman is very bright. He may have a lot of book learnen, but he certainly has not made many observations about how inflation starts, how self-reinforcing it can be, and how to stop it. Our political leaders do not seem much better.

[toeser]

Originally Posted by fastboat

And who was in charge in 1981? Asking for a friend.

Paul Volcker.

[Marine1974]

What does 15 % interest rates do to home values ? Is that good for Americans to lose value of their homes ? The federal reserve is not a form of our government and has no constitutional powers , but here we see they can put a lot of homeowners underwater on their
mortgages . Veterans could be hurt due to 100% financing of a purchase of a homes appraisal.

[nn0wheremann]

Originally Posted by tophcfa

OMG, the 10 year UST is yielding a whopping 2.75% and the sky is falling because of high interest rates. News Flash, in September of 1981 the yield was 15.82% and that quickly brought our nations last bout of hyper inflation under control. The Federal Reserve needs to learn from history and finally do something meaningful to fight inflation.

Ibonds thru treasurydirect.gov pay more: “ For the first six months you own it, the Series I bond we sell from May 2022 through October 2022 earns interest at an annual rate of 9.62 percent. A new rate will be set every six months based on this bond's fixed rate (0.00 percent) and on inflation.”

[Kgcetm]

We have a president who won’t stop spending and a Congress that won’t stop spending. It’s going to take a war or a very unique occurrence to make this work. Maybe aliens will land and want to trade gold for carbon. oQUOTE=Marine1974;2099087]What does 15 % interest rates do to home values ? Is that good for Americans to lose value of their homes ? The federal reserve is not a form of our government and has no constitutional powers , but here we see they can put a lot of homeowners underwater on their
mortgages . Veterans could be hurt due to 100% financing of a purchase of a homes appraisal.[/QUOTE]

[retiredguy123]

Originally Posted by Marine1974

What does 15 % interest rates do to home values ? Is that good for Americans to lose value of their homes ? The federal reserve is not a form of our government and has no constitutional powers , but here we see they can put a lot of homeowners underwater on their
mortgages . Veterans could be hurt due to 100% financing of a purchase of a homes appraisal.

It's never a good idea for anyone to buy a house with 100 percent financing. The VA loan program does a disservice to our military members by encouraging them to make bad financial planning decisions. It is touted as a benefit, but it is not a benefit.

[valuemkt]

I'll take the near zero yield with zero inflation and low gas prices .. WAIT .. we had that for a while and then 80 million morons decided they could do better !

[DAVES]

Originally Posted by Kgcetm

We have a president who won’t stop spending and a Congress that won’t stop spending. It’s going to take a war or a very unique occurrence to make this work. Maybe aliens will land and want to trade gold for carbon. oQUOTE=Marine1974;2099087]What does 15 % interest rates do to home values ? Is that good for Americans to lose value of their homes ? The federal reserve is not a form of our government and has no constitutional powers , but here we see they can put a lot of homeowners underwater on their
mortgages . Veterans could be hurt due to 100% financing of a purchase of a homes appraisal.

[/QUOTE]

The reality-it has always been so. People, all people say tax him, not me. Cut him not me. As far as vets and 100% financing of a home being hurt? If, they have no equity in the home and the value falls, they lose NOTHING. Current mortgage rate is like 5%. Yes it is higher than it WAS. However, the CPI consumer price index is 8%. The interest rate is less than the rate money is losing it's REAL value. A home, there is no other investment that is legally as highly leveraged as a home.

People like to complain. Perhaps, a good thing, I grew up in poverty. I worked hard, I saved hard. Money doesn't buy happiness but, It does make misery a lot more fun.