Discussion in 'Financial Cents' started by sec_monkey, Dec 16, 2015.
The FED has raised rates by 0.25%
It was a unanimous vote.
Federal Reserve Hikes Interest Rates
It had to happen. They kept talking about it. The market seems not to care and oil at around $36. Interesting economic times, I like listening to the people that are projecting impacts of.
.25%. Boy, that's a bold move.
The FED goal is 3%.
Borrowers will be hurt. Savers will receive a tiny increase in interest down the road.
folks with adjustable rates will be hurt as rates go up from 0.25% to 3%
Savings and IRA at banks is .08%, a hell of a deal.
At whatever level that interest rates are set....there are going to be winners and losers. Being debt free is desirable whether the rates are high or low. Not having anyone with notes on your assets should you default on a loan is a comfortable place to be.
One of our customers builds houses with her husband, she handles planning and sales. Before the "downturn" a few years ago they had 22 working for them, they now have 6. She said her numbers were that a 1 % raise in the mortage rate would add about 12 % to the monthly payments on one of her houses and she is having trouble selling them now.
I didn't think that that small of a raise would have that big of effect. The market loved it- bonus day. Gas is lower then it has been in years and black Friday sales were down over 1%. Either the people do not have the money or they just aren't spending it. Interesting times in the financial world.
3% on $18 trillion is $540 billion more in interest on the national debt every year if my math is correct. Total estimated 2016 federal tax revenue, $3.65 trillion. This is going to be interesting.
Could be true !
Here comes the sun
Was a read , and maybe a hope .
Folks actually had to be told not to drink the water.... COAL GROVE, Ohio
(Ohio town's water turns purple overnight)
Then there is the...
Ivan Osorio • February 27, 2019
Would you invest in a state with large unfunded pension liabilities? Warren Buffett likely wouldn’t. In a long...
I travel a bit and after having my identity stolen a few years ago I started using RDiF sleeves.
These cheap ones are perfect for any wallet. I...
What if I got injured, sick, or died? What if there was an event that kept me from being able to use my ATM, Debit or Credit cards. Would there...
The tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse, according to Goldman...
Sweden has decided to resume publishing a leaflet titled: If Crisis or War Comes. IMO the largest threat is not Russia but all the refugees that...
This is a good news story about a guy sick of thieves. People get packages stolen off their doorsteps all the time. This guy decided to "even the...
Concealed Carry Reciprocity Act of 2017 Passes House!
by Max Slowik on December 6, 2017
The Concealed Carry Reciprocity Act passed...
Gun retrieval program ramping up!
Pretty sure the Feds are keeping records on your gun purchase's
Feds issue 4,000 orders to seize guns from...
Source (Ryan Riggs, Texas man, confesses to murder after image based on new DNA technology released)
Here is the image that has created the buzz....
"Project Sunroof is an on line tool created by Google for evaluating the viability of solar energy in any given area right down to an exact...
The U.S. Army Has a Deadly New Sniper Rifle
Of course the writer did not provide a correct picture of the rifle.
This is the rifle.
Everyone is going to need some of it - cash, ducats, cabbage or simoleons - whatever you call it, "it" should be part of your kit.
The why is...
This can be a one-off thread or continuously updated.
With all of the tangential media coverage of crap that just doesn't matter such as the...
Separate names with a comma.