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#1
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Fed lowers rate...
Money is now damn near free, yeah. Anyone else notice the dollars scary decline against the euro in the past week and a half? All the gains it had made are just about gone, at this rate by the end of the week.
Since inflation is going to nail us super hard in the not to distant future, maybe I should rack up about $100k in CC debt now while it has some buying power. I'll pay them back in a couple of years when $100k will buy a loaf of bread.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#2
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So I should buy a house now? I got about 20k saved up in my rainy day fund
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1999 Toyota Corolla VE (Mine) 2006 Honda Odyssey (Wife's) 1979 300CD (sold) |
#3
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I would, thats what I keep telling my friend who is hedging. Get out of cash.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#4
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Just try to find a bank that'll extend you a mortgage...
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#5
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Some inflation is better then deflation/depression.
It is hard for me to get worried about inflation with home prices down 20%, oil at $40 from $147
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cult plus time equals religion |
#6
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If you take your twenty grand and work at it you could buy a livable house in many places just for that much.
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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC] ..I also have a 427 Cobra replica with an aluminum chassis. |
#7
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I think the Euro is up right now because the ECB (European Central Bank) is refusing to cut rates as the Fed and every other group has done. They can't hold off much longer. Whole world economy is correcting right now. Just keep an eye on China. Their books are a bit suspect anyway.
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#8
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Can't wait until the Fed starts paying people to borrow money.
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You don't need a weatherman to know which way the wind blows - Robert A. Zimmerman |
#9
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I'll gladly let them pay me 1% to loan me $1m, no strings attached, I'll take one for the team!
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
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