Re: OT: "I'm Worried About Graham". 🙏

On Fri, 15 Nov 2024 4:09:20 +0000, Leonard Blaisdell wrote:

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].

Yup, and what's worse is that the second travelling clown admin had a
decidedly *malevolent* bent...
--
GM