Treasury yield 30 year

[FlyerInHi]

[quote=CA renter]
Deficit spending can work, but only to a point; and it’s extremely important that the spending is directed at the most productive and useful things going forward. The militarization of our police departments, never-ending wars, etc. are NOT productive uses of our public monies.[/quote]

Details of policy are debatable.

But in theory, if people have the willingness to work and be more productive, but they are idle because of lack of money circulating in the economy, should we not create more money?

Money is “free” because it’s just a concept we created for trade.

[CA renter]

[quote=FlyerInHi][quote=CA renter]
Deficit spending can work, but only to a point; and it’s extremely important that the spending is directed at the most productive and useful things going forward. The militarization of our police departments, never-ending wars, etc. are NOT productive uses of our public monies.[/quote]

Details of policy are debatable.

But in theory, if people have the willingness to work and be more productive, but they are idle because of lack of money circulating in the economy, should we not create more money?

Money is “free” because it’s just a concept we created for trade.[/quote]

The money isn’t circulating because it’s being hoarded by those at the top of the economic pyramid. This has had disastrous consequences for those who work for a living. QE and low tax rates for the wealthy have exacerbated all of our economic problems; they do NOT improve the outlook for our economy.

[FlyerInHi]

[quote=poorgradstudent]

Why does AC provide a better QoL?
;)[/quote]

Control over our environment to get it perfect the way we like it.

SDG&E is giving away free WiFi thermostat. My relatives in SD got them installed for free. You must live in SFR to get one.
http://www.sdge.com/residential/reduce-your-use-thermostat

[FlyerInHi]

Inflation? high interest rates?
That was predicted in late 2008 with the bailout and stimulus bill.

Had we tightened, we would have been much, much, much worse off.

I hear homeowners in Europe are now refinancing in the mid to high 2% per annum. I see some carry trade going on. Low rates will be around in the US for a while still, even if the Fed hikes rates.

[CA renter]

[quote=FlyerInHi]Inflation? high interest rates?
That was predicted in late 2008 with the bailout and stimulus bill.

Had we tightened, we would have been much, much, much worse off.

I hear homeowners in Europe are now refinancing in the mid to high 2% per annum. I see some carry trade going on. Low rates will be around in the US for a while still, even if the Fed hikes rates.[/quote]

Worse off, or better off? Prices of things would have continued to go lower for a bit, so the purchasing power of those on fixed incomes — including workers — would have increased. Some jobs would have been lost, but the price of wages tends to be stickier than asset prices. The wealth and income gaps would have shrunk dramatically.

Who’s benefited from all of the manipulations? Asset owners. Who’s paid for it (and make no mistake, people are paying for it)? Savers, workers, and others on fixed incomes; people who were holding cash instead of other assets. Future generations who are now saddled with tons of debt and a much higher cost of living. These people have lost trillions of dollars, collectively speaking.

Oh, but the bankers and financiers are doing just fine, TYVM. And not a single person who was responsible for the devastation caused by all of the financial madness of the past 15 years has spent a day in jail, much less had to lose any money as a result of their financial terrorism. I’m sure they’re very grateful to people like you, Brian.

Please tell us how we’re better off as a result of all the manipulations, Brian, and take the *whole picutre* into consideration.

[spdrun]

They’ll do well till the next crash. Which will be an opportunity for everyone with a brain to vulch off their scraps till things are re-inflated again. And so goes the cycle…

[moneymaker]

Are we going to get a new record low on the 30 year? 2.55 now
…2.53%
…2.52

[The-Shoveler]

Another 25 basis points and the Refi game will be ON!.

[spdrun]

I suspect another 25 basis points and the economy will be entering the deflationary sh!tter.

[The-Shoveler]

[quote=spdrun]I suspect another 25 basis points and the economy will be entering the deflationary sh!tter.[/quote]
From the way I understand it The fed will be back to aggressive mode to cool the dollars rise.

But anyway regardless it will still be Game ON for ReFi’s

[an]

[quote=The-Shoveler][quote=spdrun]I suspect another 25 basis points and the economy will be entering the deflationary sh!tter.[/quote]
From the way I understand it The fed will be back to aggressive mode to cool the dollars rise.

But anyway regardless it will still be Game ON for ReFi’s[/quote]I’m defintely having my finger on the trigger. Current rate is 1/8% higher than my rate.

[spdrun]

From the way I understand it The fed will be back to aggressive mode to cool the dollars rise.

Don’t be so sure that QE4 will help at this point, since it will be taken as an admission that the economy is in the dumps. Plus there’s huge political pressure (thanks GOP Congress) not to do it.

[moneymaker]

New record hit, now at 2.42%

[moneymaker]

Hit a low of 2.35% today!

[moneymaker]

Now at 2.25% Time to refi? flu? Anyone think it will get down to 2.00? On a separate but related note, will the gold buying be from the bond market or the stock market people?

[Author]

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