Re: OT: "I'm Worried About Graham". 🙏

On 2024-11-12, Coogan's Bluff <ft.tryon@park.invalid> wrote:

Leonard Blaisdell wrote:

Another joke, the Federal Reserve is about to reduce interest rates.
They should double them, at least, for now.

 

Whoa...double them?

That'd melt the entire housing market to zero.

Subsidiary damage says no,plus the Fed will cut again in December.

I bought my home during the last slobbering fool's [Carter] administration
at over nine percent interest. During later, saner times, I refinanced.
At the time, homes were considerably cheaper, but the value of money was
considerably more.
The more things change, the more they remain the same. [1]
By the way, my opinion of Jimmy Carter is that he's a good man but had
no business as a president with the first traveling clown administration
of my lifetime. Who'd a thunk there would be a second, and worse?
See [1].