RE:RE:RE:RE:RE:Feds...big bucket of cold water:As i said government taking back its money
Not really impacting things as people still have lots of money to spend.
Remember the governments gave billions to people
Many still have lots left even if paying higher interest rates
Moemoney42 wrote: Listening to Powell speak about continuing to focus on bringing down inflation.. so here's some back of the napkin calculations..
Lets say your house hold requires $2000/mo. to maintain (excluding food and energy as the feds do)
So $2000/mo. @ 6% current inflation is an extra $120/mo. which yearly would equate = $1440.00
Now if you have a $200,000 mortgage and the rate for it went from 2.5% to 5% the yearly increase would be $5000.00
So who's causing the real problem, inflation or gov't mandated inflation..???!!!
By those quick calculations I'd say the gov't is far more responsible to the tune of $3,560 per year for the inflation most of us will experience.. IMO