First off, its not my priority or objective to push my political beliefs on you. But to present you with the facts, simplified, and you can make the decision you want. Its interesting…how Jerome Powell has served under both Red and Blue political banners…but in all those years, never “sided” with either. Yet, he is being dragged into a political confrontation.
Whether you support Powell, or support Trump, in regards to interest rates comes down to whether you want:
Keep rates high: Short Term Pain (high costs now), long term gain (an affordable future)
Lower rates: Short Term Gain (costs stay the same, stock market go up, etc), long term pain (companies keep or raise prices because you have more money…trending us towards hyperinflation).
It really is a matter of perspective. Obviously a young 20 something year old, with no kids….could care less about “affordability” 10 years down. They want a house and a car NOW. Homeowners with 7% interest rates, obviously want to refinance (it would be silly not to!). But just remember, that those decisions have a delayed ramification. When interest rates are low, and the inevitable money printer keeps printing…a toll will be taken on the people because corporations had no reason to lower prices…in fact the trend will be for them to continue hiking prices. They will say: “You have extra money, stop complaining!”
Choice and what you support is up to you. Pick your poison!
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