The Fed has the most thankless job. Mistimed with too much or too little and the stoning starts. Get it right and nobody takes notice in the long term. A Volker clone is needed now despite how painful it was “way back when”.
When we were searching for our first home it was in an area with no decent homes for sale in a season of rising interest rates. Started when interest rates were 8.5%. When we closed 4 months later we had to take 9.75% for 30yr.
This 3/4 rate increase made no sense. It seemed obvious that last time should have been 1/4 or 1/2 and then a half this time.
There’s more to come. Hope the timing and amount is better.
cmxx almost 2 years ago
Click left for yesterday’s cartoon.
Darsan54 Premium Member almost 2 years ago
And your suggestions would be …………. ???
admiree2 almost 2 years ago
The Fed has the most thankless job. Mistimed with too much or too little and the stoning starts. Get it right and nobody takes notice in the long term. A Volker clone is needed now despite how painful it was “way back when”.
When we were searching for our first home it was in an area with no decent homes for sale in a season of rising interest rates. Started when interest rates were 8.5%. When we closed 4 months later we had to take 9.75% for 30yr.
This 3/4 rate increase made no sense. It seemed obvious that last time should have been 1/4 or 1/2 and then a half this time.
There’s more to come. Hope the timing and amount is better.
Valiant1943 Premium Member almost 2 years ago
We already did that
jader3rd almost 2 years ago
The real way to tame inflation is to tax the rich.
rossevrymn almost 2 years ago
Have you tried tinkling on this inflation forest fire?