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
time2roll wrote:Yosemite Sam1 wrote:I look at historical charts and see the Fed creating more trouble and then get the credit for "saving" the economy. Left to the markets rates would have dropped sooner as the economy was slowing down. How do you think we end up with an inverted yield curve? Fed hesitates too long to lower rates is how it happens pushing toward a recession. Then rates finally get reduced and we are saved.
Didn't seem to realize how many time the Feds has rescued the economy. Specially that they've also politicized Keynesian economics, one more I need to unlearn, with trickle-down and Laffer Curve.
Between the Feds and the political class and their questionable records of running business, I'll take the Feds anytime.
