As a homeowner, a low mortgage rate is the only thing better than a high cash offer on your home.
Some economists have supported that the US might follow Europe and Japan to zero rates. I find that comical and exciting all at the same time. The funny part is that it's a horrific idea!
It replaces real reform with financial engineering, boosting speculative ideas with zero risk.
The lower rates go, the worse it is for banks. I guarantee you they will cry foul if we go to zero rates and start to lay off people. Just wait. You will have to mash the zero button a gazillion times on the phone only to be connected to someone who speaks absolutely zero English and cares nothing for your problems. Oh wait…that happens now.
This week, the Federal Reserve talks about monetary policy at Jackson Hole.
The market will seek guidance on policy for the rest of 2019 and beyond. I will examine how the bond market reacts to his comments, a key driver in my decision-making playbook.
Powell has lost a lot of creditability. He appears tone-deaf to the bond market and probably hates his current job. I don't know why he doesn't just retire. Did you know that he is estimated to be worth over $ 100,000,000.00 (Google)
I will be in touch.
Christopher R. Lakian
PS I am super excited to re‐fi my mortgage.
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