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Re: Who's publicly rooting for a recession?
(If times were good liken to the 2005 through 2008 , rates should be increasing - maybe to slow things down a bit ? I'm puzzled - ?)
Yea, that's some pretty steep drops over a short period (July 2007 to July 2008), either predicting the downturn or part of the cause.
There should have been a couple small rate hikes in Obama's 2nd term, then the rush of rate hikes once Trump is elected, makes them look political - I hope that wasn't the case.
Seems to me that a little higher rate is better for the economy, i.e. the latter Clinton years.
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Re: Who's publicly rooting for a recession?
I like low rates because I borrow, but I`m on Dave Ramsey`s "baby steps" During Obama, a CD at the bank was 1.25% that`s what Obama was borrowing money for and on a $10 to $20 Trillion national debt that was a huge boost to him. But as a small time borrower, if I pay 5% instead of 3.5% it`s no big deal, old goats living off interest have to have a lot of stash with their interest at 2%. Of course if they put half in the stock market and get a pretty safe return of 4% it averages out. But, with everything happening I think we need to start looking at "return of our money" not so much "return on our money"
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Re: Who's publicly rooting for a recession?
What rate is Trump borrowing at , for the new, improved, deficit - ?
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