Fed Cuts Rates: Will RV Rates Follow?
The Fed cut rates 1/2 percent this morning in an effort to keep the stock market bubble growing. I'm negotiating a new RV loan to close in 10 days and the dealer quoted me 5.49% last week. I haven't...
Forum Discussion
2oldman wrote:DallasSteve wrote:No, they don't.
At 1% they don't have many "bullets" left in their gun, and the economy isn't even bad, yet.
When is the economy considered "just fine" and just leave it alone? I guess this is an effort to sustain it during a time of crisis.
I mean, we've gone from 18k to 26k in just 3 years, which seems pretty darn good to me. The market doesn't go up forever..at least not quickly.
The DOW was at 7,300 in March 2009. It climbed to 20,000 by January 2017, almost 200% gain. Then from January 2017 to today's 26,000...a 30% gain. Neither of these are common. It HAD to end sometime. Dropping the federal rate won't do squat for this scenario. I've been through this a couple of time in my life.....the Reagan era was one of those.
