Wayneqq
2022-08-27

Looks like the feds will keep increasing until something breaks.. Based on past data.. in order to bring down inflation.. the interest rate have to be as high or higher than the inflation rate.. which will be around 8% to 9%... if rates ever go this high.. the economy will not be in a recession.. it will be a full blown depression and it is likely many companies and even the government will be in default due to the amount of debt that they are holding now.. 

But we shall see if the fed has the resolve and courage to walk the talk..

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Comments

  • ___ _
    2022-08-28
    ___ _
    only my parent's time got 10%.  I have never seen banks give me 10%

    if really the day come,  I'll convert all to FD [Tongue]

    • WayneqqReply___ _
      Dun have to squeeze under the same rock ma.. find your own.. but since you flying.. then find a sky rock [LOL]
    • ___ _ReplyWayneqq
      they can float. so i wont be buried [lovely]
    • ___ _ReplyWayneqq
      i like rocks on Mars [Eye]
    • ___ _ReplyWayneqq
      that rock can so many hide 吗? u, your angels, your tea cups, your fans, your followers.. i must fly to moon safer
    • ___ _ReplyWayneqq
      later the rock tumble on me i become fossil butterfly 🦋
  • SR050321
    2022-08-27
    SR050321
    Then how common people can survive if interest rate too high ? [Cry]
    • Wayneqq
      But if the person in a lot of debt.. then die loh.. pay interest until broke
    • Wayneqq
      Common ppl without debt and lots of savings will do well in high interest environment.. imagine your saving account interest is 6% [Miser]
  • Liney
    2022-08-27
    Liney
    [Like]
  • Dave Fu
    2022-08-27
    Dave Fu
    Ok
  • Joedi
    2022-08-27
    Joedi
    Good sharing.
  • blitudik
    2022-08-27
    blitudik
    ok
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