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Re: Bobwins post# 17275

Sunday, 05/07/2017 5:04:15 PM

Sunday, May 07, 2017 5:04:15 PM

Post# of 17737
Bobwins: Good points. The zero low interest rates are a ticking time bomb. People have been borrowing on the equity in their homes for maybe 8 years now. And I learned this week that the low interest rates have enticed people to go way upmarket when purchasing a vehicle. Problem is, the depreciation exceeds the decrease in the loan principal. Auto dealer have been making up the difference when someone who is underwater on his car loan trades it in when buying a new vehicle. But apparently that is coming to an end.

What would drive my crazy (crazier?) would be negative interest rates. The Fed is desperate to get rates back to 3 percent before the next recession.

Oldster savers have been screwed for more than a decade. Theft.

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