Does anyone else feel like we are the precipice of economic calamity?

[Anonymous]

Anonymous wrote:Do we really Need one of these posts every other week? What is the point?

Pretty sure the point is keeping up a drumbeat of doom leading into the midterms.

[Anonymous]

Anonymous wrote:Do we really Need one of these posts every other week? What is the point?

Politics. Stir the pot.

[Anonymous]

Anonymous wrote:I got 9% on my first car. We will be fine.

I got 7.5% on my first mortgage and thought that was great!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Subaru is offering 2.9% financing. Were you on one of those “Johnny says YES to bad credit!” sites?

Toyota

The same Toyota who’s offering 1.9% on their front page right this second? Sure. You sound like a reliable source.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I got 9% on my first car. We will be fine.

I got 7.5% on my first mortgage and thought that was great!

Mine was 8% and yet I lived to tell the tale.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do we really Need one of these posts every other week? What is the point?

Pretty sure the point is keeping up a drumbeat of doom leading into the midterms.

Yep. And Jeff will delete if it heads that way.

Maybe OP can post some more clickbait from business insider or the like.

[Anonymous]

I worry that we spent all our money doing truly stupid things (covid largess when we are all getting covid anyway, etc), and our government will have nothing left for a true crisis . . . Save printing more money and creating an Argentine situation. Best to not think too much, especially with the latest round of stupid (student loan forgiveness) happening.

[Anonymous]

Anonymous wrote:I worry that we spent all our money doing truly stupid things (covid largess when we are all getting covid anyway, etc), and our government will have nothing left for a true crisis . . . Save printing more money and creating an Argentine situation. Best to not think too much, especially with the latest round of stupid (student loan forgiveness) happening.

COVID was a true crisis. Much like 2008 there are people who fail to understand what could happen if the government failed to step in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I worry that we spent all our money doing truly stupid things (covid largess when we are all getting covid anyway, etc), and our government will have nothing left for a true crisis . . . Save printing more money and creating an Argentine situation. Best to not think too much, especially with the latest round of stupid (student loan forgiveness) happening.

COVID was a true crisis. Much like 2008 there are people who fail to understand what could happen if the government failed to step in.

+1 They also think that just because when they caught the eighth variant, after being vaxxed and boosted, "it just felt like the flu," then all the effort to mitigate deaths during the much more deadly pre-vaccine first several waves was somehow stupid or bad policy.

[Anonymous]

Anonymous wrote:Sir this is a Wendy's.

[Anonymous]

6 month yields have inverted the 10 years too.

[Anonymous]

Anonymous wrote:I bought my 2.5 year used BMW for $25K. Nobody needs a new 'middle class' car. Or a loan.

But, yes food will continue to rise with global warming.

I'm not worried about interest rates because the savings rate used to be high when interest rates were high. I was making 12% on my passbook savings.

Where did you purchase? I need a deal like that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Subaru is offering 2.9% financing. Were you on one of those “Johnny says YES to bad credit!” sites?

Toyota

The same Toyota who’s offering 1.9% on their front page right this second? Sure. You sound like a reliable source.

Entirely depends on what models and deals you are looking at:



Shorter loans really aren't all that great either - 7+% for 4 and 5 year loans.

The Fed's interest rate raises are going to crush purchases of bigger ticket items like cars, homes, etc. Homes are next.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Subaru is offering 2.9% financing. Were you on one of those “Johnny says YES to bad credit!” sites?

Toyota

The same Toyota who’s offering 1.9% on their front page right this second? Sure. You sound like a reliable source.

Entirely depends on what models and deals you are looking at:



Shorter loans really aren't all that great either - 7+% for 4 and 5 year loans.

The Fed's interest rate raises are going to crush purchases of bigger ticket items like cars, homes, etc. Homes are next.

That’s the point.

[Anonymous]

Do you have access to marijuana? You really need to chill. Higher interest rates are designed to depress demand which will depress inflation as demand lessens. Econ 101