Sounds like the Indians I dealt with. Except the Indians did shitty work and never met a deadline.
The Chinese were a joy to work with.
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- Thread starter GeddyHoosier
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Sounds like the Indians I dealt with. Except the Indians did shitty work and never met a deadline.
The Chinese were a joy to work with.
Hondurans for me. Excellent. I still think their QA was draconian but they met SLAs every time.
Are you being facetious re the Chinese? I have very little experience with them.
Sure they were. I hope you didn't have any patents you were trying to protect.
I’m up ~20% since he took office. And that’s including the recent downturn
He took the over on +/-5 wins for Purdue football. Went BIG
He's been quite silent since Purdoo lost to a mediocre IU team after predicting a win.
What $Billions?
Not following.....
If borrowers claim they can't afford to repay student loan contracts, where does the $Billions come from?
The average student loan payment is $393/mo. There are 45 million people carrying college debt. So quick & dirty math is about $17.6 billion in student loan payments each month.
Since the date President Trump initially suspended payment requirements in like April of 2020, that $17.6B/mo has been diverted from student loan payments into the broader economy.
I'm assuming that MOST of the borrowers can afford their payments, so I'm not saying that's particularly a problem. My point is when the payments turn back on, $17.6B/mo will be diverted away from the broader economy and go back to repaying (mostly) the federal government since the feds have more or less taken over the student loan industry. I'm not making any value judgments there, but the economy will certainly feel it if that much money vanishes at one time.
And I suspect another factor that contributed to inflation/supply chain
The Fed did not opt to raise interest rates Wednesday because policymakers have messaged that they want to end the central bank’s pandemic-era policy of asset purchases first. The FOMC reaffirmed Wednesday that it will wrap up that process in early March, meaning the first pandemic-era rate hike could be coming in six weeks
Wow what a shock they did not raise rates they have been threatening to raise them for 15 years. They are not going to take away the bunch bowl I am not sure why there is always so much suspense surronding what they will do. We already know they will not raise them and if they do it will be like one quarter point one time.
Wow what a shock they did not raise rates they have been threatening to raise them for 15 years. They are not going to take away the bunch bowl I am not sure why there is always so much suspense surronding what they will do. We already know they will not raise them and if they do it will be like one quarter point one time.
The correct fix would be to peg all loans at a lower interest rate, not defer principal payments.
Agreed. And let them be dischargeable in bankruptcy after some period.
Does anyone think raising interest rates will slow inflation? We've never had a situation like this where supply and demand are so far out of kilter and I think that is what is driving inflation so I am very doubtful that raising interest rates will slow inflation but what do I know.
I’ve wondered the same thing. Take the car market. It’s not that super low rates are pushing the market into insanity. It’s a lack of supply, both new and used vehicles. I have to buy a vehicle in this market, and lord help me, cause it is grim. I’m already resigned to hours or searching, emails, calls, and possibly a flight somewhere to get a car. It’s truly awful.
That is true... that is one place that it will probably slow down but the rates will probably still be low compared to what I think of as normal.
Wait, the interest rate shouldn't be 0% all the time? Whaaaaaaa
Housing interest rates should always be below 3-4% right
Just imagine the entire population of people coming of age in America who have no idea what higher interest rates look like.
Federal Funds Effective Rate
View data of the Effective Federal Funds Rate, or the interest rate depository institutions charge each other for overnight loans of funds.
fred.stlouisfed.org
InsaneWait, the interest rate shouldn't be 0% all the time? Whaaaaaaa
Housing interest rates should always be below 3-4% right
Just imagine the entire population of people coming of age in America who have no idea what higher interest rates look like.
Federal Funds Effective Rate
View data of the Effective Federal Funds Rate, or the interest rate depository institutions charge each other for overnight loans of funds.fred.stlouisfed.org
Agree. The global supply chain challenges combined with a tight labor market make this very different. This is both a complex and fascinating situation we are in with a lot of moving parts.
People say that during every economic situation. But this current situation is caused by unlimited spending. With the Fed tightening money supply and raising interest rates, it will cause a recession, just like the early 80s. People will need to work again people will be looking for work again.
It may not be the same, but the presecription is basically the same.
If you have some time to kill, here's a bit of a contrarian read on how the Fed can't raise rates.
Fed Rate Hikes & Risks Of Financial Instability - Part II - RIA
What if the Fed can't hike rates? It's an interesting question and one we delved into in Part 1 - "Fed Won't Hike Rates As Much As Expected."
realinvestmentadvice.com
