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Reply to "Big Beautiful Bill"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The reality on total Fed debt is that each party will continue to add debt until the collective bond market says stop, by raising interest to an uncomfortable level. I think if mortgage rates got to 10%, that would do it. People would demand change. And the Federal Reserve had a hand in this by buying Treasury bonds for years past financial crisis, artificially pushing down rates, and giving a false sense that the ever expanding yearly deficits are ok. How long this can go on for is anyone’s guess. [/quote] True. But with Republicans adding another $3.3 trillion in unsustainable debt in an environment where the US dollar has declined in value by nearly 15 percent while inflation remains high, it means the Fed cannot reduce interest rates at all and only increase them to counter the damage Republicans are inflicting on the economy. So anyone hoping to refinance or buy a home in the foreseeable future is out of luck. As interest rates remain high, asset prices will have to go down. Republican fiscal insanity may actually lead to a deflationary spiral as the fed is forced to keep interest rates high. [/quote] The prior post is non-partisan, but you have to go there anyway. Current rates are not high, and are lower than they were Jan. 1. Check the 10 year treasury bond, it’s currently 4.351 vs 4.57 on Jan 1. Do some research before you spout off nonsense. And the stock market made a new high yesterday. Nothing in your post actually makes any sense.[/quote]
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