dow jones

Babagounj

Strength through joy
  • Legendary UK investor Jeremy Grantham warned the US 'superbubble' that saw economic prosperity across all markets would soon pop
  • The GMO co-founder said the market could lose $35 trillion in value once the Federal Reserve begins raising interest rates
 

vantexan

Well-Known Member
Mortgage rates have been rising and so has Treasury yields.
And China will keep manipulating their currency so it stays low so dollar buys more.
It's all big Ponzi scheme
Mortgage rates are going to get a lot higher. Don't take my word for it, do your due diligence. People have gotten used to things being a certain way for a long time and fall into the trap of thinking it ill always be like this. That's certainly what was thought in 1929.
 
  • Legendary UK investor Jeremy Grantham warned the US 'superbubble' that saw economic prosperity across all markets would soon pop
  • The GMO co-founder said the market could lose $35 trillion in value once the Federal Reserve begins raising interest rates
 
Mortgage rates are going to get a lot higher. Don't take my word for it, do your due diligence. People have gotten used to things being a certain way for a long time and fall into the trap of thinking it ill always be like this. That's certainly what was thought in 1929.
Screenshot_20220121-192533.png
 

Babagounj

Strength through joy
Mortgage rates are going to get a lot higher. Don't take my word for it, do your due diligence. People have gotten used to things being a certain way for a long time and fall into the trap of thinking it ill always be like this. That's certainly what was thought in 1929.
Like going back to Jimmy Carter's 18% mortgage rates.
 

Babagounj

Strength through joy
A lot of people can't afford a $300k house now and if rates double, triple, or even more a lot more buyers will be shut out.
And when that happens, the community activists will be demanding that the gov't step in and make things affordable, again.
 
Top