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I think all central banks are losing credibility. That said the US market cycle is nowhere near looking at recession levels. While I would have preferred to see a small rise (and was definitely wrong as I thought there would be one) them not raising is in line with the other major central banks.
Charlie Bucket's heirs inherited that gig.
I'm almost starting to believe this... 4% 30 year is the new norm for a mortgage. .3% interest on a MMA...
Great for borrowers, bad for savers and for those who would love to have a 5-7% CD in retirement to live off of.
People entering retirement now or who are in retirement will be crippled during the next crash. It is really bull####.
We haven't had 5-7% CD returns in a long long time. And yet, people here are still getting by, even retired people.
We're in a 6 year bull market GM. Pretty sure if #### hit the fan, this narrative would change.
The average american has less than $600 invested in equities. Even counting 401k, everything.
Which part? CD rates haven't been over 5% since 2000. Are people not retiring anymore? Have they just all withered up and died in the last 15 years?
The awful logic part, for starters. Try replacing "5-7% CD returns" with any number of things like legal MJ, same sex marriage, etc., then tell me what you think of it.
Because that matters when talking about the logic. If it helps, replace it with something you do consider to be pretty much the same thing but that you are in favor of, then follow the same awful logic.
Bad for those who see real injustice in income inequality growing, great for those who pontificate about it.
You make a lot of sense here but the bolded is, well, BS. If I figure I need 2mil to retire it doesn't all of a sudden become 6mil. Income producing items aren't that hard to come by.
I think you're a little incorrect about the income producing items and this is what frightens me. I'm 25-30 years from retiring, as 0% bc more of the norm, I'm worried that they will be much harder to come by. I intend on retiring with a healthy amount of money/assets, but by retirement my appetite for risk will not be in the same ballpark as it is now (nor should it be)... If interest rates between 0-1% do become the norm, I'll be forced into riskier situations - this doesn't make me happy.
But you leave bonds out of the equation when you say that. Seniors love bonds and are not very price sensitive, since they are taking the interest and not worried about liquidity. There are plenty of munis that give that level of return and highly rated corporate bonds too, so there are non stock items still available for those looking for a safer path.
Munis right now are at an effective rate of 4% or so. Finding a good basket of preferreds getting well above that is pretty easy. Straight up treasuries aren't too far away from that - you can get a CEF with nothing but treasuries that hits that. REITs. Emerging market debt (small doses). MLPs. Royalty trusts.
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I have no idea what you're talking about. You seem angry for some reason. What's the deal?
You can still park your money in bank CDs and get a rate of return; just not >5%. You can also invest in many different instruments that will generate decent yields without huge risk. No need to add insults to a thread where people are largely respectful.
You admitted earlier that your THANKS OBAMA comments are mostly schtick, so it was a legitimate question. Sorry if that offended you for some reason, but it wasn't intentional.You can still park your money in bank CDs and get a rate of return; just not >5%. You can also invest in many different instruments that will generate decent yields without huge risk. No need to add insults to a thread where people are largely respectful.
Keep this #### out of this thread.You admitted earlier that your THANKS OBAMA comments are mostly schtick, so it was a legitimate question. Sorry if that offended you for some reason, but it wasn't intentional.You can still park your money in bank CDs and get a rate of return; just not >5%. You can also invest in many different instruments that will generate decent yields without huge risk. No need to add insults to a thread where people are largely respectful.
You keep avoiding/missing the point- saying that we shouldn't change a policy because we don't have/do that now and things are just fine (which is debatable) is a pretty terrible argument. I was just trying to give you examples where if the viewpoints were reversed, you'd probably agree with that.
These super low rates are also one of the prime causes of the super rich getting richer and expanding the income equality curve. Another reason to want a reasonable base interest rate.
Well, they are getting a little something, but I hear you, it sucks for those that just want to park their money in bank instruments and collect yield. With a little research and time, yield can also be found in municipal bonds which I think are free from taxes. But that's not glamorous either.
Was I bringing up Obama earlier? Maybe I was...I don't think I was, but perhaps. Look, I am not saying we should NEVER raise rates...I just tend to think we really can't right now. That's just an opinion. I also do not believe that a large majority of retirement aged citizens are putting it off now because they can't get an attractive yield on bank deposits. If I'm wrong, please show me. Personally speaking, my father retired last year at 70, my MIL just retired from teaching at 62 and both of them are far far far from the elite earners of this country. I've not heard either of them mention CD rates as a worry. So this is just anecdotal evidence in my life. Maybe your mileage varies. I don't plan on ever retiring as I have 5 kids. With any luck, I'll get hit by a bus before life insurance runs out and I'm only moderately being tongue and cheek here.You admitted earlier that your THANKS OBAMA comments are mostly schtick, so it was a legitimate question. Sorry if that offended you for some reason, but it wasn't intentional.You can still park your money in bank CDs and get a rate of return; just not >5%. You can also invest in many different instruments that will generate decent yields without huge risk. No need to add insults to a thread where people are largely respectful.
You keep avoiding/missing the point- saying that we shouldn't change a policy because we don't have/do that now and things are just fine (which is debatable) is a pretty terrible argument. I was just trying to give you examples where if the viewpoints were reversed, you'd probably agree with that.
IDK, I'd recommend being very careful.
I'm sure it will too. With that being said, I don't think it will be anything of substance, .25 here another .25 there, and so on... If it gets over 1.5% in the next 24 months I'd be surprised. I'd also expect any bear market to cause a reduction.
Was I bringing up Obama earlier? Maybe I was...I don't think I was, but perhaps. Look, I am not saying we should NEVER raise rates...I just tend to think we really can't right now. That's just an opinion. I also do not believe that a large majority of retirement aged citizens are putting it off now because they can't get an attractive yield on bank deposits. If I'm wrong, please show me. Personally speaking, my father retired last year at 70, my MIL just retired from teaching at 62 and both of them are far far far from the elite earners of this country. I've not heard either of them mention CD rates as a worry. So this is just anecdotal evidence in my life. Maybe your mileage varies. I don't plan on ever retiring as I have 5 kids. With any luck, I'll get hit by a bus before life insurance runs out and I'm only moderately being tongue and cheek here.You admitted earlier that your THANKS OBAMA comments are mostly schtick, so it was a legitimate question. Sorry if that offended you for some reason, but it wasn't intentional.You can still park your money in bank CDs and get a rate of return; just not >5%. You can also invest in many different instruments that will generate decent yields without huge risk. No need to add insults to a thread where people are largely respectful.
You keep avoiding/missing the point- saying that we shouldn't change a policy because we don't have/do that now and things are just fine (which is debatable) is a pretty terrible argument. I was just trying to give you examples where if the viewpoints were reversed, you'd probably agree with that.
As I've said before, there was a lot of irrational selling IMO. Hoping for some irrational buying.
I held on to what I had.
I love my FA. LOVE.HIM.fantasycurse42 said:
I hope you don't have this oportunity GB.John Bender said:
