Warning About Dealers And Their Pricing

[5030]

Kroger Mastercard for me as well. We get points off on food and cents off on gas. Last time I filled my buggy, I got 45 cents off. Max 30 gallons, but then we live close to a Kroger gas station. With fuel prices the way they are, ever bit helps.

 

[Torvy]

Kroger Mastercard for me as well. We get points off on food and cents off on gas. Last time I filled my buggy, I got 45 cents off. Max 30 gallons, but then we live close to a Kroger gas station. With fuel prices the way they are, ever bit helps.

Ours is just a store discount card, not a credit card.

 

[Cahaba Valley Farm]

rising interest rates (already have started)

Where do you think those will go or top out at? Same as '81,'82?

 

[coobie]

Where do you think those will go or top out at? Same as '81,'82?

When I purchased my first house back in 1980 with great credit rating interest rates were 14% for a 30 year mortgage ..

 

[Cahaba Valley Farm]

When I purchased my first house back in 1980 with great credit rating interest rates were 14% for a 30 year mortgage ..

Is that where you think they may end up?

 

[IndyJay]

When I purchased my first house back in 1980 with great credit rating interest rates were 14% for a 30 year mortgage ..

We got 14.75% for 20 year in 1982.

 

[Cahaba Valley Farm]

We got 14.75% for 20 year in 1982.

What's your opinion? You think they're going back to that?

 

[IndyJay]

What's your opinion? You think they're going back to that?

I don't know about them, but I'm not.
It's hard to say what is going to happen. All part of the great reset...

"You'll own nothing and be happy" - Klaus Schwab at 2020 World Economic Forum, Davos

 

[5030]

"You'll own nothing and be happy" - Klaus Schwab at 2020 World Economic Forum, Davos

That is a very scary statement. But then Klaus is as close to a modern day socialist pig as you can get. He even looks like Colonel Klink on Hogan's Hero's. Same thick accent too.

 

[Torvy]

My gut says we'll be over 10% before it's over. Not sure we will get to 14+. We are covering the 70s in my history classes, so it is easy for kids to see the parallels. In Econ inflation comes up a bit more often.

The root problem back then is everyone in elected office assumed Keynes was right. Nixon had Milton Friedman in his employ and ignored his advice.

Today we know Keynes was wrong, but some people still cling to the false hope that government can fix it. They can make it worse by continuing to spend money, but no US policy maker of any persuasion has the insight to make the hard decisions to actually cut spending. Given that it is the only lever they have, they will not fix it. It is up to the Fed to be the grownups. I'm not confident they will act prudently either.

My prediction assumes that the war stalls out in Europe. If China, Iran or North Korea decide to follow Putin's road map, it will be much worse. (Not to mention some other heretofore unexpected calamity)