In 2011 the United States lost it's AAA credit rating
And it's still AA+ to this day.
Anyone Afraid Of Inflation?
- Thread starter Wally
- Start date
And it's still AA+ to this day.
Over70irregs
Well-Known Member
Neighbor just sold home next door with 11 offers in hand. Took bid with 40k earnest money which was a lower bid than highest offer. Cash in account in 3 days. Looks like credit rating is ok I guess.
Up In Smoke
Well-Known Member
We haven't seen an offer with contingencies for over a year. No inspections, appraisals or finance contingencies. As is.
Over70irregs
Well-Known Member
Highest offer was 66k over asking.
Over70irregs
Well-Known Member
If rate on 10yr goes to 7% it should terrify everyone….. avg 30yr mortgage is 7.04%
Commercial Inside Release
Well-Known Member
What happened to blah blah oh the humanity & only positivity here?
I guess that's just for everyone else.
When you can ream some loser, over extended millennials, probably with growing family expenses, & in this economy -- whoo! Real estate is awesome!! I'm so happy you sold the property with all its somewhat hidden flaws, for asking price.
Inflation waves eventually crash on the hard rock on shore.
It is fantasy to believe Americans can pay...
$1,000\mo for cars
1,000\mo for utilities
1,000\mo for insurances
1,000\mo for taxes
1,000\mo for clothes
1,000\mo for groceries
1,000\mo for depreciation & maintenance
3,000\mo for mortgage
It's worse in many places!
I guess that's just for everyone else.
When you can ream some loser, over extended millennials, probably with growing family expenses, & in this economy -- whoo! Real estate is awesome!! I'm so happy you sold the property with all its somewhat hidden flaws, for asking price.
Inflation waves eventually crash on the hard rock on shore.
It is fantasy to believe Americans can pay...
$1,000\mo for cars
1,000\mo for utilities
1,000\mo for insurances
1,000\mo for taxes
1,000\mo for clothes
1,000\mo for groceries
1,000\mo for depreciation & maintenance
3,000\mo for mortgage
It's worse in many places!
Over70irregs
Well-Known Member
Unit of account in fiat is guaranteed to debase. Debt spiral guarantees assets will go up no matter what.
Over70irregs
Well-Known Member
JPMorgan Boss Warns 'Everyone Should Be Prepared' for Interest Rates 'Going Higher From Here' – Economics Bitcoin News
Despite market expectations of a rate hike pause, Dimon cautioned that people “should be prepared for rates going higher from here.”
Over70irregs
Well-Known Member
Manipulation anyone…..
www.reuters.com
Murmurs grow within Fed about tweaking 2% target once inflation recedes
A couple of regional Federal Reserve presidents recently have signaled an openness to examining whether 2% is the right setting for the U.S. central bank's inflation target, although the bar for change is high and any debate is well down the road.
www.reuters.com
Over70irregs
Well-Known Member
Stalling….. Note words “rapid shift” and “just yet”….. Opt out
The International Monetary Fund (IMF) does not expect a “rapid shift” in the U.S. dollar reserves despite a rising de-dollarization trend and a looming U.S. debt default. “Don’t kiss your dollars goodbye just yet,” said IMF Managing Director Kristalina Georgieva. The IMF chief does not expect the U.S. to default on its debt obligations.
The International Monetary Fund (IMF) does not expect a “rapid shift” in the U.S. dollar reserves despite a rising de-dollarization trend and a looming U.S. debt default. “Don’t kiss your dollars goodbye just yet,” said IMF Managing Director Kristalina Georgieva. The IMF chief does not expect the U.S. to default on its debt obligations.
Over70irregs
Well-Known Member
If your mortgage is below 3% why would you pay it off early when investments pay between 4-5%?
Up In Smoke
Well-Known Member
CPI shows that inflation is cooling. M/M to .2% and Y/Y to 3.0%. Housing and wages are going to be sticky until supply completely catches up.
Up In Smoke
Well-Known Member
Sorry, not housing, that was removed from CPI in 1983
Over70irregs
Well-Known Member
"even 2-3% annual inflation causes 50% wealth confiscation over ~25-35 years" <- this is the key part of the con
If they can keep you running on that hamster wheel for 50 yrs before you figure it out, they steal your life and its the end before you have a clue.
Alex Stanczyk
If they can keep you running on that hamster wheel for 50 yrs before you figure it out, they steal your life and its the end before you have a clue.
Alex Stanczyk
Next Day Error
X - Other
It’s also a hedge against deflation which is rarely talked about outside the discipline of economics.
Over70irregs
Well-Known Member
Technology leads to deflation.
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