Natural Citizen
American Made
- Aug 8, 2016
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- #41
I think that's just his clunky way of saying increases the debt.
Heh heh. Precisely.
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I think that's just his clunky way of saying increases the debt.
I wasn't clear. So 4% on the 10 year note I believe is significant because that starts drawing people invested in dividend stocks away from the stock market.Personally I think the most important numbers are 4 and 6. If the 10 year note goes to 4%, and mortgage rates go to 6% then that could be the bubble popper. Below that and I think we'll be OK.
I tend to be agnostic on your position would you expand your reasoning on your reasoning because there is a lot more renting than home buying in a strange shift and retirees will gobble up 6% US bonds in a heart beat.
It's only copiously footnoted, end noted, and its content is nearly identical to that of "Secrets of the Temple".That's a stupid, error filled book.
butBy my calculation, even a 5 percent rate hike adds a trillion Federal Reserve Notes per year to the growing deficit. Or roughly thereabout. That's about 200 billion Federal Reserve Notes per 1 percent increase on the interest rates. Spending is up about 7 percent and revenue has gone up a whole 1 percent in this so-called booming economy, so this isn't helping the deficit.
They aren't going to have any control over it, and the market will have to respond to reflect the truth of the matter.
In the summer of 2016, the 10 year bond was sitting at 1.3 percent. Now it's over 3 percent. That's a big jump percentage wise. So, we've already been observing rate hikes, irrelevant of any prospective rate hikes to come.
This is pointed more toward the market folk, Toddster, Mack, and kind.
What say you? I'm calling a bust sooner than later, I think thta interest rate hikes are likely going to be the pin prick which finally does it.
The deep state runs the Fed.
They know that to destroy Trump, all they have to do is destroy the economy.
It's not hard to do when you can pull all the strings.
JFK wrote Executive Order 1110 to do away with the Fed, but then he went to Dallas..................
I wasn't clear. So 4% on the 10 year note I believe is significant because that starts drawing people invested in dividend stocks away from the stock market.
6% mortgages price a lot of people out of the housing market who can afford a median home price of $200K at 5% but not at 6%.
The various reports I've read are pretty bleak. Most people (~60%) are basically living check to check with less than 2 thousand in the bank.I wasn't clear. So 4% on the 10 year note I believe is significant because that starts drawing people invested in dividend stocks away from the stock market.
6% mortgages price a lot of people out of the housing market who can afford a median home price of $200K at 5% but not at 6%.
Yep. Agreed.
At those rates we'd likely start seeing people with existing mortgages experiencing monthly hikes as well. It wouldn't be out of the question to see existing mortgages rise as much as a couple hundred dollars a month.
The worst part about that is that a lot of people don't have over a few hundred bucks to their name as it is. I could be wrong about that specific amount, I haven't seen an official average savings report, but people don't have much in their savings to cover that.
How about posting a list of the errors?It's only copiously footnoted, end noted, and its content is nearly identical to that of "Secrets of the Temple".That's a stupid, error filled book.
I don't know if the errors were footnoted.
How about posting a list of the errors?It's only copiously footnoted, end noted, and its content is nearly identical to that of "Secrets of the Temple".That's a stupid, error filled book.
I don't know if the errors were footnoted.
The point is refuted in what way?...What is the error?How about posting a list of the errors?It's only copiously footnoted, end noted, and its content is nearly identical to that of "Secrets of the Temple".That's a stupid, error filled book.
I don't know if the errors were footnoted.
Page 27...….
When a borrower cannot repay and there are no assets which can be taken to compensate, the bank must write off that loan as a loss- However, since most of the money originally was created out of nothing and cost the bank nothing except bookkeeping overhead, there is little of tangible value that is actual lost. It is primarily a bookkeeping entry.
https://wrathoftheawakenedsaxon.fil...romjekyllislandbyg-edward-g-edwardgriffin.pdf
Any book about banking that says something that stupid...…..complete waste of time.
The point is refuted in what way?...What is the error?How about posting a list of the errors?It's only copiously footnoted, end noted, and its content is nearly identical to that of "Secrets of the Temple".That's a stupid, error filled book.
I don't know if the errors were footnoted.
Page 27...….
When a borrower cannot repay and there are no assets which can be taken to compensate, the bank must write off that loan as a loss- However, since most of the money originally was created out of nothing and cost the bank nothing except bookkeeping overhead, there is little of tangible value that is actual lost. It is primarily a bookkeeping entry.
https://wrathoftheawakenedsaxon.fil...romjekyllislandbyg-edward-g-edwardgriffin.pdf
Any book about banking that says something that stupid...…..complete waste of time.
What! The unconstitutional Federal Reserve raised the rates today? Dang.
The market plummeted afterward. Worst month since 1931. Whoda thunkit, huh? lol.
Anyway. Your mortgage just went up. As did your credit card bill. And your car loan. And every other loan you have out.
It's a hell of a thing.