Quote:
Originally Posted by Jims5543
For 8 years it was just about at Zero, how much has it gone up in the last 18 months?
We cannot go back to traditional levels, if our Federal Debt was not 21 Trillion we could, but not at 21 Trillion in Debt, if we go back to 80's level interest rates, our Debt will skyrocket.
We have driven off a cliff and cannot turn around, this is honestly fodder for another thread.
Right now, we have an economy that is on a rebound, we need to ease back into the interest rates slowly.
It was said back in 2016 if the interest rates rise, the United States will be in big trouble with unsustainable national debt. Interest rates are rising, how much more? Good question, I am not sure. I do know big damage is being done, we need, more than anything, to get the national debt heading backwards, I do not think that will ever happen, instead I think our national credit rating is going to take a huge hit.
Then forget recession think Venezuela.
Here!! Have a Kachi style graph.
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I'm gonna bow out of this thread now....
Appreciate the exchanges with you all, but just have a different perspective. This is gonna play out...and we'll see.
I have ZERO interest in making a case with graphs and statistical bs however....and I'm pretty good at that too...
At the end of '19, the FED prime rate WILL be in the range I refer too, and GDP will be under 3% for the year too...jmho.
....and I ain't even got one of them crystal ball thingys like Samny does...I gots TWO
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