Mortgage rates drop as inflation drops

Theywillneverlearn! said:
The fact that average mortgage rates are double this time last year breaks my heart? WTF is wrong with you ? Biden fucked over Americans and still is. No worries though, your welfare checks are safe.
Click to expand...

So, if you have a fixed rate mortgage which millions of Americans do, the interest rate increase had zero effect. Interest rates rise and fall. Funny thing as they seem to be inverse to home prices. I think it's because the high interest rates reduce the demand for housing, thus prices fall.

All of this is worldwide and cyclical. Biden trump, no one can affect it. I know you want to blame Biden, but from the recent midterms, no one's buying that.
 
evince said:
https://www.investopedia.com/ask/answers/012715/who-sets-fiscal-policy-president-or-congress.asp



KEY TAKEAWAYS
In the United States, fiscal policy is directed by both the executive and legislative branches of the government.
In the executive branch, the President and the Secretary of the Treasury, often with economic advisers' counsel, direct fiscal policies.
In the legislative branch, the U.S. Congress passes laws and appropriates spending for any fiscal policy measures.
The judicial branch of the government can impact fiscal policy by legitimizing, amending, or declaring unconstitutional certain measures taken by the executive or legislative branches.
Contractionary fiscal policy increases taxation and reduces government spending when the economy overheats while expansionary fiscal policy does the opposite during periods of slowdown.
Click to expand...

This is Why candidates always campaign on fiscal policy
 
evince said:
You really have no idea what’s going on here huh


They were raised to tame inflation


That inflation was created by GLOBAL CONDITIONS


The Biden fix is proving to be working just as planned


We are healing much faster than the rest of the world


Utter PROOF Biden was correct
Click to expand...

No. Neverlearn has no clue. Runs on pure hate and emotion. I'm trying to educate them, tho.
 
evince said:
From your link



But the Fed is also a quasi-governmental agency with a board of governors selected by the President and approved by Congress.




The president picks the people who then set the policy idiot


He picks people who agree with his way to manage the economy
Click to expand...

So Biden picked the people when Trump was President YOU FUCKING IDIOT?
 
I hate saying this...... Stone is correct. While the President appoints the Fed chair, the Fed is a private organization owned by the member banks. They are not a branch of the government. There is certainly a lot of crossover, for example, any profits from the Fed must be given to the Treasury, but by and large, the Fed sets policy and is a lender of last resort. That being said, I haven't seen very many posters here who understand even at a basic level what the Fed does and why.
 
Stone said:
Lurch,...Shes on your team So Im asking you to intervene. Will you tell this fucking idiot old sow that the FED IS IN FACT independent ? Thanks...:laugh:
Click to expand...

I'm not following you. MAGA's are blaming Biden for the rise in interest rates and the cost of eggs in Lithuania. I think it's you who needs to educate YOUR flock, my friend.
 
LurchAddams said:
No. Neverlearn has no clue. Runs on pure hate and emotion. I'm trying to educate them, tho.
Click to expand...

They are foreign disinformation programs



They are not people



They dont retain much of what they are told

They only retain what their programmer programs them to know



It’s why they never learn anything here



I merely use their stupid posts as a billboard to plaster the truth over for others to read



There are MANY people who read and don’t post


I mostly post for them


Hi gentle reader


I try to keep it entertaining for you
 
LurchAddams said:
I'm not following you. MAGA's are blaming Biden for the rise in interest rates and the cost of eggs in Lithuania. I think it's you who needs to educate YOUR flock, my friend.
Click to expand...

I agree on that point. Stone and the rest of the Trumpkins here could not wait to blame Biden for forces outside of his control when inflation was rising, now they want to say Biden has no part in brining it down. That's mostly correct, but their original position was mostly wrong.
 
Concart said:
I hate saying this...... Stone is correct. While the President appoints the Fed chair, the Fed is a private organization owned by the member banks. They are not a branch of the government. There is certainly a lot of crossover, for example, any profits from the Fed must be given to the Treasury, but by and large, the Fed sets policy and is a lender of last resort. That being said, I haven't seen very many posters here who understand even at a basic level what the Fed does and why.
Click to expand...

Truce for just one minute just because you have to admit its funny. Ive been watching this thread and seeing your name as browsing it and im thinking ...........This has GOT TO BE driving Concart crazy. He knows finance and he also knows im right. GOTTA BE KILLING HIM! :laugh: Props for commenting even though I know it might not have been easy for you. Seriously. :good4u:
 
LurchAddams said:
I'm not following you. MAGA's are blaming Biden for the rise in interest rates and the cost of eggs in Lithuania. I think it's you who needs to educate YOUR flock, my friend.
Click to expand...

Dude wake up,....Im talking about the Fed. Read Concarts post....he's...ugh...right. ON THIS ONE. :laugh:
 
evince said:
They are foreign disinformation programs



They are not people



They dont retain much of what they are told

They only retain what their programmer programs them to know



It’s why they never learn anything here



I merely use their stupid posts as a billboard to plaster the truth over for others to read



There are MANY people who read and don’t post


I mostly post for them


Hi gentle reader


I try to keep it entertaining for you
Click to expand...

I'll still try. Even artificial intelligence devices are supposed to be able to learn and react to changes in their environment.
 
Stone said:
Truce for just one minute just because you have to admit its funny. Ive been watching this thread and seeing your name as browsing it and im thinking ...........This has GOT TO BE driving Concart crazy. He knows finance and he also knows im right. GOTTA BE KILLING HIM! :laugh: Props for commenting even though I know it might not have been easy for you. Seriously. :good4u:
Click to expand...

Thanks for the props. Yes, it wasn't fun :)
 
Concart said:
I agree on that point. Stone and the rest of the Trumpkins here could not wait to blame Biden for forces outside of his control when inflation was rising, now they want to say Biden has no part in brining it down. That's mostly correct, but their original position was mostly wrong.
Click to expand...

I just can't believe MAGAs want to have it both ways :)
 
evince said:
They are foreign disinformation programs



They are not people



They dont retain much of what they are told

They only retain what their programmer programs them to know



It’s why they never learn anything here



I merely use their stupid posts as a billboard to plaster the truth over for others to read



There are MANY people who read and don’t post


I mostly post for them


Hi gentle reader


I try to keep it entertaining for you
Click to expand...

Honestly Desh,....you need to go see someone and get help. You REALLY believe that most of the right in here are RUSSIAN BOTS? C.mon,......wake up out of the nightmare you put yourself in. CUT THE CORD for a month or so before its too late. Seriously.
 
Desh....may I suggest a little light late night reading in your recovery. Try reading " The creature from Jekyll Island" to enhance your relaxation. BTW.....Theres a FUNNY in there about why I picked that specific book for you. ;)
 
Concart said:
I hate saying this...... Stone is correct. While the President appoints the Fed chair, the Fed is a private organization owned by the member banks. They are not a branch of the government.
Click to expand...

They are a semi-autonomous branch of the government. Their voting board members are picked by the government. The authorization to do what they do is through Congress. They are required to give reports to the President and Congress. Banks are required by the government to deposit money with them.
 
You must log in or register to reply here.
Back
Top