Every time I think that guy can’t say something dumber he outdoes himself.
@s0me0nesmind1 - all I can say is wow. You really can’t figure out what inflation has to do with a loan whose terms cover a 30 year period?
@s0me0nesmind1 - all I can say is wow. You really can’t figure out what inflation has to do with a loan whose terms cover a 30 year period?
He just demonstrated that he doesn't have a clue how interest rates and inflation are directly connected to each other (basic economics 101). He just did the equivalent of running into a crowded room, dropping his pants and yelling "look how small my dick is", except we are talking about his intellect here, not his dick size.
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During Obama's 8 years as president, he made EUR/USD go as low as 1.04489. Trump on the other hand during his 4 years as president made it worst, by the end of his term EUR/USD went high as 1.23237, which ironically happened on the date Jan 6. The lowest point EUR/USD was at during Trump's 4 year term 1.06910, which is higher than where it was when Obama left office.
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The topic of conversation is inflation.
Mortgage interest rates - especially those that are backed by a US Government that is lending money to banks with little or no interest has zero bearing on the topic of inflation. For inflation matters - the point being is regardless of getting a low mortgage rate - when your home is overvalued by $200k+ it doesn't really matter - paying 2.5% on $500k vs. 3.5% on $300k isn't exactly "WINNING!"
I'm sorry you're too retarded to understand these basic concepts.
No shit sherlock where did I ever say otherwise? The answer is that I didn't - and the topic is on inflation. The point was that Vic is a complete moron who said:
But apparently I have to spoon feed you like incessant children. Christ, how many times did you guys fall on your head in life?
What Is the Relationship Between Inflation and Interest Rates?
Inflation and interest rates are linked, but the relationship isn’t always straightforward.
OH SNAP. You mean to tell me that LOW interest rates - which is what you're bragging about in a thread where your trying to disprove that inflation is happening has an INVERSE RELATIONSHIP generally? OH wow, well that would mean... if you're bragging about low interest rates.... then you're proving my point that inflation is happening. DEEEEEEEEEERP lol.
lol what was that you were saying while smashing your own face in with a stupid post showing your retardation?
The topic of conversation is inflation.
Mortgage interest rates - especially those that are backed by a US Government that is lending money to banks with little or no interest has zero bearing on the topic of inflation. For inflation matters - the point being is regardless of getting a low mortgage rate - when your home is overvalued by $200k+ it doesn't really matter - paying 2.5% on $500k vs. 3.5% on $300k isn't exactly "WINNING!"
I'm sorry you're too retarded to understand these basic concepts.
No shit sherlock where did I ever say otherwise? The answer is that I didn't - and the topic is on inflation. The point was that Vic is a complete moron who said:
But apparently I have to spoon feed you like incessant children. Christ, how many times did you guys fall on your head in life?
What Is the Relationship Between Inflation and Interest Rates?
Inflation and interest rates are linked, but the relationship isn’t always straightforward.www.investopedia.com
OH SNAP. You mean to tell me that LOW interest rates - which is what you're bragging about in a thread where your trying to disprove that inflation is happening has an INVERSE RELATIONSHIP generally? OH wow, well that would mean... if you're bragging about low interest rates.... then you're proving my point that inflation is happening. DEEEEEEEEEERP lol.
lol what was that you were saying while smashing your own face in with a stupid post showing your retardation?
Holly shit dude! Nobody is arguing that inflation is not happening... The only argument is that the inflation is temporary.
Once again you just linked an article without reading it or fully understanding it:
from your article:
Here is what you said in your post:
It's fun when you post stuff that confirms just how fucking stupid you are, because you can't even gasp the stupidity in your own comment and you throw up a link that that explains that stupidity and still can't grasp it . Which leads me to believe you didn't read it. But rather than stepping back and taking some time to comprehend what is right in front of your face, you jumped head first into stupidity trying to throw out insults that are a 100% reflections on yourself and nobody else.
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lol went right over your head. Again, I'm not making the argument about mortgage interest rates - BUT SINCE Vic did.... it falls perfectly in line with my argument that inflation is increasing. Nice try on distorting things.
Keep doubling down, or is this tripling down on your stupidity? Are you not the one who asked a specific question about what does mortgage interest rates have to do with inflation? Was this not you?
It doesn't matter if it's mortgage interest rates, personal loan interest rates, credit card interest rates, etc, all interest rates are connected to inflation.
Talk about distorting things. Holly shit dude! Does the stupidity and self directed insults ever stop with you? I mean by all means continue on with the stupidity and insulting yourself by doubling down and giving direct examples of such, if that is what you want to do.
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Exactly, haha. Mortgages are essentially banks saying ‘this is what we think inflation will be going forward’.
lol - Vic is right, we can just stand back and watch you humiliate yourself.The topic of conversation is inflation.
Mortgage interest rates - especially those that are backed by a US Government that is lending money to banks with little or no interest has zero bearing on the topic of inflation. For inflation matters - the point being is regardless of getting a low mortgage rate - when your home is overvalued by $200k+ it doesn't really matter - paying 2.5% on $500k vs. 3.5% on $300k isn't exactly "WINNING!"
I'm sorry you're too retarded to understand these basic concepts.
No shit sherlock where did I ever say otherwise? The answer is that I didn't - and the topic is on inflation. The point was that Vic is a complete moron who said:
But apparently I have to spoon feed you like incessant children. Christ, how many times did you guys fall on your head in life?
What Is the Relationship Between Inflation and Interest Rates?
Inflation and interest rates are linked, but the relationship isn’t always straightforward.
OH SNAP. You mean to tell me that LOW interest rates - which is what you're bragging about in a thread where your trying to disprove that inflation is happening has an INVERSE RELATIONSHIP generally? OH wow, well that would mean... if you're bragging about low interest rates.... then you're proving my point that inflation is happening. DEEEEEEEEEERP lol.
lol what was that you were saying while smashing your own face in with a stupid post showing your retardation?
Dude, stop digging. You already outed yourself as a complete moron here, you’re just making it worse and we are all laughing at you.
Exactly. All interest rates are related to inflation and out of it all mortgages are particularly heavily related to inflation because of the long time period.
Vic
Elite Member
- Jun 12, 2001
- 50,281
- 13,932
- 136
I don't like giving out genuine financial advice just to prove a point to some fool on the internet, but wtf here goes.
Suppose, from the example I brought up much earlier in this thread, that gas prices really were heading to $8/gal in a year. If I genuinely thought that to be true, I would go all-in on gas futures. Because if anyone were certain they could make a 300% ROI within 12 months, then that's exactly what they should do!
Similarly, if inflation were here to stay, that would mean that $500k house at 2.5% would be an amazing deal. A you'll-hate-yourself-for-missing-it deal. And the reason for that is precisely because you could have bought it a couple years ago for $300k at 3.5%, and you already missed that deal. We're supposedly in permanently high inflation, right? Which then means that $300k price is never coming back (cause that would be the opposite of inflation) and the only real investment concern is rising interest rates. IOW, not buying that house now for $500k at 2.5% means buying it for $700k and 5.5% later.
Even moreso, if the rate of inflation continues to be at or greater than that 2.5%, then that would mean you could have borrowed that $500k (less down, etc) for free.
You all are welcome BTW.
Suppose, from the example I brought up much earlier in this thread, that gas prices really were heading to $8/gal in a year. If I genuinely thought that to be true, I would go all-in on gas futures. Because if anyone were certain they could make a 300% ROI within 12 months, then that's exactly what they should do!
Similarly, if inflation were here to stay, that would mean that $500k house at 2.5% would be an amazing deal. A you'll-hate-yourself-for-missing-it deal. And the reason for that is precisely because you could have bought it a couple years ago for $300k at 3.5%, and you already missed that deal. We're supposedly in permanently high inflation, right? Which then means that $300k price is never coming back (cause that would be the opposite of inflation) and the only real investment concern is rising interest rates. IOW, not buying that house now for $500k at 2.5% means buying it for $700k and 5.5% later.
Even moreso, if the rate of inflation continues to be at or greater than that 2.5%, then that would mean you could have borrowed that $500k (less down, etc) for free.
You all are welcome BTW.
Exactly. The best hedge against inflation is highly leveraged asset purchases with low interest rate loans. If mortgage rates are low this indicates banks anticipate low inflation in the long term. If you think the banks are betting wrong then there is a tremendous opportunity here to take them for a ride.
This is what shows me that inflation paranoia is more a cultural and social thing than a financial one. If you really think high, sustained inflation is coming there are a lot of ways to put your money where your mouth is and make a fortune. They never do though, because on at least some level they know they are full of shit.
zinfamous
No Lifer
- Jul 12, 2006
- 110,198
- 28,578
- 146
The topic of conversation is inflation.
Mortgage interest rates - especially those that are backed by a US Government that is lending money to banks with little or no interest has zero bearing on the topic of inflation. For inflation matters - the point being is regardless of getting a low mortgage rate - when your home is overvalued by $200k+ it doesn't really matter - paying 2.5% on $500k vs. 3.5% on $300k isn't exactly "WINNING!"
I'm sorry you're too retarded to understand these basic concepts.
No shit sherlock where did I ever say otherwise? The answer is that I didn't - and the topic is on inflation. The point was that Vic is a complete moron who said:
But apparently I have to spoon feed you like incessant children. Christ, how many times did you guys fall on your head in life?
What Is the Relationship Between Inflation and Interest Rates?
Inflation and interest rates are linked, but the relationship isn’t always straightforward.
OH SNAP. You mean to tell me that LOW interest rates - which is what you're bragging about in a thread where your trying to disprove that inflation is happening has an INVERSE RELATIONSHIP generally? OH wow, well that would mean... if you're bragging about low interest rates.... then you're proving my point that inflation is happening. DEEEEEEEEEERP lol.
lol what was that you were saying while smashing your own face in with a stupid post showing your retardation?
you are literally the dumbest motherfucker on the internet.
the contest is over.
zinfamous
No Lifer
- Jul 12, 2006
- 110,198
- 28,578
- 146
seriously, can we get your boss's phone number? We need to let her know how much money you are losing her.
JD50
Lifer
- Sep 4, 2005
- 11,547
- 1,768
- 126
Who agrees we should rename this thread to:
"Inflation is through the roof, what is Someonesmind1 first priority? Posting like dumb on the forum of course."
In 2019, when there was no COVID, the entire world along with the U.S. had inflation. Only some countries in the Middle East were under deflation.
UNCjigga
Lifer
- Dec 12, 2000
- 24,744
- 8,864
- 136
This aged well.
Stocks rise as inflation levels slow to the lowest since early 2021
www.cnbc.com
The Inflation Reduction Act worked—and as usual Democrats are missing opportunities to gloat about it and remind everyone who tried to kill it.
Of course Republican reps and Senators will tout this as “their achievement”, never mind efforts to stall it, kill it, defund it, or strip things like insulin price caps and negotiated drug prices out of it.
Stocks rise as inflation levels slow to the lowest since early 2021
Stocks rise after inflation report, S&P 500 and Nasdaq hit fresh 13-month highs: Live updates
The Dow Jones Industrial Average added 145 points as the latest inflation report showed further signs of easing price pressures.
The Inflation Reduction Act worked—and as usual Democrats are missing opportunities to gloat about it and remind everyone who tried to kill it.
Of course Republican reps and Senators will tout this as “their achievement”, never mind efforts to stall it, kill it, defund it, or strip things like insulin price caps and negotiated drug prices out of it.
GodisanAtheist
Diamond Member
- Nov 16, 2006
- 6,250
- 6,256
- 136
No, raising interest rates worked. Biden and the Fed should have started raising them much earlier, instead of stubbornly claiming that the inflation was "temporary". The Wharton Institute estimated that the "inflation reduction act" would have no immediate effect on inflation, and only a 0.1 % reduction long term.This aged well.
Stocks rise as inflation levels slow to the lowest since early 2021
Stocks rise after inflation report, S&P 500 and Nasdaq hit fresh 13-month highs: Live updates
The Dow Jones Industrial Average added 145 points as the latest inflation report showed further signs of easing price pressures.
The Inflation Reduction Act worked—and as usual Democrats are missing opportunities to gloat about it and remind everyone who tried to kill it.
Of course Republican reps and Senators will tout this as “their achievement”, never mind efforts to stall it, kill it, defund it, or strip things like insulin price caps and negotiated drug prices out of it.
Not sure if you are sarcastic or not. But anyway, a monthly rate of 4% being the low for 2 years, is actually not a "soft landing" but a scathing indictment of the horrible rate of inflation we have been subjected to for those 2 years. Biden can tout the low unemployment rate all he wants, but bottom line, people are still not able to cover the costs of everyday living in a lot of cases, even with a professional type job. Here is the Twin Cities, a decent 2 bedroom apt is close 2000 per month. My grandson has a college degree, a job with Hennepin county, but is living with us because he makes only about 50k per year. Even if he only got a one bedroom, that is about 1600/month, or 40% of his PRE-TAX, yes, PRE TAX, income. Buy a house and have kids, seems totally out of the question. That is why it simply doesnt resonate when Biden says how great the economy is. It is not all, or maybe even mostly Biden's fault, but it just makes him seem totally out of touch when he says how great the economy is. Of course this is the problem with the Dems these day, and partly why Trumps rhetoric inspires such devotion in his base. If you are not one of the select politically popular groups, the dems have pretty much forgotten about you, except to take you tax money and redistribute it to someone else.
UNCjigga
Lifer
- Dec 12, 2000
- 24,744
- 8,864
- 136
Compare your grandson’s public sector salary with the equivalent private sector job. Then come back and bitch about paying your taxes some more.
There is no government cure for greed in America—neither Dems or GOP can figure that one out.
There is no government cure for greed in America—neither Dems or GOP can figure that one out.
Fenixgoon
Lifer
- Jun 30, 2003
- 31,110
- 9,169
- 136
High tax rates on the uber wealthy. In 1944 the top tax rate was 94% on incomes over $400k, which is now something like $10M today
You should have stopped when you were ahead, that the Inflation Reduction Act has nothing to do with inflation.
High inflation has been a drag on consumers, and even the Fed has recently said the job isn't done. There is a lot of optimism over a soft landing, which refers to taming inflation without sparking a recession. So no, the poster you replied to wasn't being sarcastic.
You've fallen for the age-old trap of blaming the President for a bunch of things he has little control over. Biden inherited a Covid-induced broken supply chain, loose central bank monetary policy that has endured over several business cycles; and then the administration did layer some loose monetary policy on top of that to support households impacted by the pandemic. Yes GDP growth isn't special and you can scoff all you want that the economy isn't "great." But the actual conditions are a lot better than during the depths of the Great Recession. Joe Biden isn't a homebuilder; he has basically zero control over the cost of housing. Nor is Joe Biden a member of the FOMC.
LMAO at thinking that the Dems have forgotten about the middle class, when it's some other political party (gee, I wonder who) that would sacrifice your left nut on the altar of trickle-down Reaganomics. Two generations of tax cuts for corporations and millionaires surely proves the devotion of Trump's base is well-founded.
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