I'm currently trying to refinance my mortgage, post divorce. There's about 3 years left on it and it's a fantastic rate but the monthly payments are over half of my take home pay. So, 30 year at over double the rate it will have to be. Meanwhile, my rapidly dwindling savings account cut my interest from 5% to 4.5% and now down to 4%. Which makes sense, since the Fed keeps cutting the prime rate. That mortgage rates keep going up, however, does not. Basically, I'm convinced mortgage rates are where they are because I, very specifically, need to refinance.
“Traders (in other words, gamblers) now expect just a 2.7% chance the Fed will cut rates at its policy meeting later this month.” Well, fuck them all…why we have ever looked to the reckless gamblers of Wall Street and the algorithms driving huge portfolios to dump stocks while us little investors get hurt I have no idea…oh wait! Yes I do! They’re all gaming the system!
Pab will be seething over these numbers and words. I fully expect an executive order lowering rates and artificially inflating stocks for the first six months or more. This will lead to catastrophe of course, but that will be easily blamed on whatever unfortunate people-place-thing is forefront in the news at that time. My $ are where my mouth is, so hope I am right, at the expense of the rest of the world. Nice way to think ain't it. Short term all the way. 'thanks for fucking it all up Boomer' my kids will say. And they be correct.
I'm currently trying to refinance my mortgage, post divorce. There's about 3 years left on it and it's a fantastic rate but the monthly payments are over half of my take home pay. So, 30 year at over double the rate it will have to be. Meanwhile, my rapidly dwindling savings account cut my interest from 5% to 4.5% and now down to 4%. Which makes sense, since the Fed keeps cutting the prime rate. That mortgage rates keep going up, however, does not. Basically, I'm convinced mortgage rates are where they are because I, very specifically, need to refinance.
Oh he's going to fuck it up badly.
"Please try not to fuck it up..." to a guy who had 6 bankruptcies, including a casino. Yeah... we're fucked.
Wall Street has always hated strong job numbers and loves layoffs
Remind me of Lego folks.
So: Good economy = Bad news. Have I got that right?
That was the news byline all thru the Biden admin.
“Good economic numbers = bad for Biden “
Reimd me of Lego folks.
“DenMo” is what the cool kids call a Cub Scout Den Mother. Honestly.
one of these jobs I’ve applied for has gotta give me a shot, right? I keep getting second interviews followed by no thank yous
just
something good is going to happen for me, as long as I stick around to see it
Don’t go anywhere, k?
Heh concerns about a strong economy mean that there's probably too many people employed for the billionaire owners.
It's not like this matters. Eventually we'll go through the upside-down and no matter what happens it'll be spun as a mandate for President Klan Robe.
if a strong economy is bad for a class of people, that class of people is probably bad for a strong economy
or at least their interests are opposed to the general welfare and prosperity of the nation
Not only is the stock market not the economy most people view it as the scam it really is.
A graph of rich people's feelings.
“Traders (in other words, gamblers) now expect just a 2.7% chance the Fed will cut rates at its policy meeting later this month.” Well, fuck them all…why we have ever looked to the reckless gamblers of Wall Street and the algorithms driving huge portfolios to dump stocks while us little investors get hurt I have no idea…oh wait! Yes I do! They’re all gaming the system!
Isn’t that great?
Wages have outpaced inflation. Big deal. Until they outpace greed it's not going to matter.
People who earn wages haven't had an increase in greed, so it does matter. People can buy more chocolate than they could last year.
Satchmo 🎺
Expecting That Man to fix everything is one thing. Intentionally breaking things just so he can have a chance to fix them is another.
Pab will be seething over these numbers and words. I fully expect an executive order lowering rates and artificially inflating stocks for the first six months or more. This will lead to catastrophe of course, but that will be easily blamed on whatever unfortunate people-place-thing is forefront in the news at that time. My $ are where my mouth is, so hope I am right, at the expense of the rest of the world. Nice way to think ain't it. Short term all the way. 'thanks for fucking it all up Boomer' my kids will say. And they be correct.
Boomers didn’t fuck it up. Republicans did.
I agree. But my kids love baiting me. I will accept ANY attention from them as a compliment. Yes, I am that pitiful.
Dog philosophy: “Any attention is good attention.”
It's odd how my humans are sometimes sputtering with red faces when they give me that glorious attention. Oh well, who knows ... WAG .. WAG!!