Pete Posted October 10, 2023 Share Posted October 10, 2023 6 hours ago, DriftBusta said: No. Besides, you need to worry about your teeth. He ain’t the only one.. 1 Quote Link to comment Share on other sites More sharing options...
Snake Posted October 10, 2023 Share Posted October 10, 2023 What difference does it make? When the text book definition of a recession shows up the democrats change the definition of it and charge you with being an existential threat to democracy.... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted October 10, 2023 Platinum Contributing Member Share Posted October 10, 2023 Fucking excuses Quote Link to comment Share on other sites More sharing options...
toslow Posted October 10, 2023 Share Posted October 10, 2023 Bidenomics ain’t it great Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 10, 2023 Share Posted October 10, 2023 But Karen can read the Dow tech charts and says otherwise. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted October 10, 2023 Share Posted October 10, 2023 1 hour ago, ArcticCrusher said: But Karen can read the Dow tech charts and says otherwise. Karen knows things are going bust...that's why he asked about the bond market. Smart money is moving towards fixed rates @ 6% easy peasy and when rates drop people will be clamoring to buy your 6% fix note. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted October 10, 2023 Share Posted October 10, 2023 31 minutes ago, SkisNH said: Karen knows things are going bust...that's why he asked about the bond market. Smart money is moving towards fixed rates @ 6% easy peasy and when rates drop people will be clamoring to buy your 6% fix note. Yup Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 10, 2023 Share Posted October 10, 2023 4 hours ago, SkisNH said: Karen knows things are going bust...that's why he asked about the bond market. Smart money is moving towards fixed rates @ 6% easy peasy and when rates drop people will be clamoring to buy your 6% fix note. I never thought I’d be buying CD’s again. 1 Quote Link to comment Share on other sites More sharing options...
Voodoo Posted October 10, 2023 Share Posted October 10, 2023 (edited) 1 hour ago, spin_dry said: I never thought I’d be buying CD’s again. Bonds are a panacea. When inflation is running as high as it is, a %6 bond is at best treading water, but treading water is better than drowning. Used to be one could expect their investments to double in 7 to 9 years. When more and more Canadians need to renegotiate their mortgages, the problem will get worse. A half trillion in mortgages will be renegotiated in the next few months. Those people are in for a world of hurt. Many will have to inject 30 to 50k per year in interest only payments, to make the mortgage work. Many others will do this, in a vain effort to stay solvent. You guys in the US can sign a rate for the life of a mortgage. We can normally only go 5 years. Who knew, stimulating the economy with funny money would create this? Anyone with a fiscal brain. I had a customer, kinda a conspiracy theory guy say it’s meaningless. We don’t owe this money. I think he owns his home and doesn’t owe money. Must be nice to tell others everything is awesome. Edited October 10, 2023 by Voodoo Quote Link to comment Share on other sites More sharing options...
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