Home Forums Hunting & Shooting Hunter's Campfire Are you ready for High Interest Rates.

Private investors do it all the time.

Wife is in charge of the bills all I know is the paper said it could go as high as 18%😳😳

Lock those CD in Now ..

Next Step is Cutting Rates ..

Probably just as Fast as they went Up …


Government Statistics are Bogus…

I dont think Interest rates are going up much more. President Biden has no idea what they are , but the people around him are a bit nervous about them going up. too much.. They have about a year and then I bet they go down. If they go up another 3%? it will really do damage to the economy and market. The Dems wont have that . If the have to , they would even make up fake numbers on the inflation report to fool Mr. Powell . No need to fool Miss Yellen, she is already in the bag for the Dems. No?

Can make interest only payments I’m betting rates will drop 🤞

Thanks for the Vid, I watch the RFD channel for the market report. Interesting how the farm market is Not keeping pace with the grocery store prices.

Tomorrow, me and my Timber Broker have a scheduled meeting to discuss the status of mills and markets, may be time to cut some of my timber, we will see. Frankly, so far the price increase on boards for walls is about four times the stumpage price increases. Plus the local mills have stopped paying the truckers milage for hauling logs to their mill, the drivers need to take it out of the price paid for the logs or not get paid. We will see, my trees grow by 12% per year, so I can sit.

Local mill here quit buying logs for 3 weeks

The damn fools at the fed and the democrats have no idea what to do. Their “inflation controls” haven’t worked so now they are just lying to us. The republicans don’t have the balls to do what is needed and they don’t have the smarts to sell common sense solutions to the public. Not a rosy picture of the future, but people end up with the kind of government they deserve - the bad part is, they drag the rest of us along with them.

Every year they shut down a month just for maintainence and improvements. We had four mills shut down here in April, they are still backed up at their yards. two are still doing expansions. I suspect we will be talking about a planned time space for mill inventory reduction.

There often aren't enough loggers here still in business to effectively cut what folks want cut each year. The cost of equipment, insurance, and labor has gone through the roof, while income for the logger has not. Combine that with the mills cutting them off at random times and there's less incentive for them to stay in business. We're going to turn around soon and find full forests (excess supply) with too few small/medium job loggers to come get the fiber.

Inventory reduction is the reason

I believe this will be mandated by the government for all home loans.

I'm ready to see high interest rates again. I bought my first house in 1984 and interest rates sucked. Sold that house 20 years later for 5 times what I paid. Lost most of that in the stock market and the Riverside bankruptcy. Been putting my money in CD's ever since. Haven't made much but I'm debt free, have a good knot saved and ready to reap some rewards. People who finance things just drive the price up on everything.

When Google went public in 2004, I asked the wife, "Where is my money?"

She bought 6 month CDs that pay 2%.

By the time I got my money, GOOG had doubled.

Looking forward to 17% CDs again.
Kept all the money I made from house sale and got a fixed 30 year 3.5% on the new one.
Thanks GI bill and 500K exemption.
Always use other peoples money.
Life's objective is to have the check for your funeral bounce.
Debt free is the last thing I want to be. When the house of cards collapses, they'll be no one to collect it.

Hell yeah!
For my wife and I.
Haven't borrowed a nickle in 20 years,
cash in the bank and we pay cash everything.



Not for our 20, and 16 year old daughters though.

So you want a pricey new whatever, but you haven't saved enough. So you're going to borrow at rates you bleed to pay off? WTF am I missing here? Save up front and pay less down the road. Well fuq'ng duh?
PS, the only thing I ever bought on time was a house, it's called a mortgage.

The Banks have never, nor will they ever pay a depositor a higher rate on a new CD then the current inflation rate, ever! It’s one of the ways they use your money on deposit to make them money.
In my opinion built from 38 years in the business, the high grade Muni bonds are the safest instrument one can buy. If you are in a tax bracket of 30% or higher you can get with a homework an even higher after tax yield then CD’s are paying you now. Why, because there’s a higher risk with Banks these days. There are 10 banks right this moment that have FDIC coverage from $2.5 million to $8 million the different coverage is 100% derived from the titling of your account. One poster stated the Capital markets are rigged, he is point blank not just wrong but uneducated as well. Do you think his children are likely to ever have a chance of seeing the real picture of wealth? I don’t. Most likely he wasn’t taught himself, please let him motivate you to take the time to teach them whatever you may have learned. No one else will love them enough to take the time and effort needed.

Holy chit