HawkeyeNFO
Thinks s/he gets paid by the post
Federal Reserve decides to trigger third easing to help economy
$40 billion of money will be "created" to buy bonds every month from now until the Fed feels like doing something differently. Lower interest rates being the goal, the stock market is up a bunch already, as are the prices of gold and silver.
Over the long term, I see inflation coming, and am very glad that I bought a costly (by e-r.org standards) house with only 10% down on a 30 year VA loan. I've only made 3 payments, but if rates drop, could be refinancing soon.
$40 billion of money will be "created" to buy bonds every month from now until the Fed feels like doing something differently. Lower interest rates being the goal, the stock market is up a bunch already, as are the prices of gold and silver.
Over the long term, I see inflation coming, and am very glad that I bought a costly (by e-r.org standards) house with only 10% down on a 30 year VA loan. I've only made 3 payments, but if rates drop, could be refinancing soon.