Interest Rates

[charliebrown]

So savings rates go down but we still got 6.75 mortgage rates. Guys we are in trouble

 

[Tanko]

So savings rates go down but we still got 6.75 mortgage rates. Guys we are in trouble

The POS banks are "making bank" that's for damn sure.
Screwing us on both ends.

 

[charliebrown]

I'd like to see some class warfare

 

[Tanko]

I'd like to see some class warfare

I agree.
The Luigi type of warfare might be a little too extreme though.

 

[jjgold]

Banks are just criminals. We got no chance.

 

[Tanko]

Banks are just criminals. We got no chance.

Banks and health insurance companies. Their motto... "We make a profit off of those who cannot afford it."

 

[charliebrown]

I agree.
The Luigi type of warfare might be a little too extreme though.

There was guy who stabbed the president of his company in a meeting.

Police say possible copy cat

 

[Tanko]

There was guy who stabbed the president of his company in a meeting.

Police say possible copy cat

What? Today?
What type of business?

 

[djefferis]

Different rates for different products.

Savings is based on short term rates - mortgages are based on longer term rates and defaults amongst other things.

Honestly / plenty of chances to get high yield savings of 4%+ out there for someone who wants to save. Not a bad deal - aside from risk of continued inflation (seems to be decreasing) - no other risk.

I miss my 2.5% mortgage - but think I’m in at a flat 6 now - historically still not bad. No way I’m giving that up - I’m tossing cash in savings vs paying it down early. Still think market has good opportunities - but blindly buying ETFs/Mutual Funds next year might not be a great idea -It can’t go straight up long term and we are still likely to have a moderate receding in markets.

BTC breaking 6 digits is further proof - people are seeking shelter - gold is the traditional safe harbor but gold is dropping while BTC goes up - so not sure what’s going to happen in 2025z

 

[djefferis]

What? Today?
What type of business?

Police look for motive in stabbing of company president

Questions remain as to why an employee stabbed his company president during a staff meeting at a Muskegon-area manufacturer Tuesday morning.

www.woodtv.com

 

[charliebrown]

Thanks Jeff

 

[Tanko]

Different rates for different products.

Savings is based on short term rates - mortgages are based on longer term rates and defaults amongst other things.

Honestly / plenty of chances to get high yield savings of 4%+ out there for someone who wants to save. Not a bad deal - aside from risk of continued inflation (seems to be decreasing) - no other risk.

I miss my 2.5% mortgage - but think I’m in at a flat 6 now - historically still not bad. No way I’m giving that up - I’m tossing cash in savings vs paying it down early. Still think market has good opportunities - but blindly buying ETFs/Mutual Funds next year might not be a great idea -It can’t go straight up long term and we are still likely to have a moderate receding in markets.

BTC breaking 6 digits is further proof - people are seeking shelter - gold is the traditional safe harbor but gold is dropping while BTC goes up - so not sure what’s going to happen in 2025z

Credit Unions >>>>> Banks

Wells Fargo I make 0.1% interest on my money.
Local credit union I make 5%.

I only bank at WF because that's where my mortgage started decades ago.

 

[flyingillini]

God help us all

 

[edawg]

The Creature from Jeckyll Island is a good book.

 

[jjgold]

The world is only for the rich now they’re the ones that keep making the money nobody else

 

[quantumleap]

The Creature from Jeckyll Island is a good book.

This is a great video on the same topic.

 

[jjgold]

The gap between the poor and middle class versus the rest is widening

 

[flyingillini]

The gap between the poor and middle class versus the rest is widening

We have hope JJ and that hope is Donald J. Trump