And if there's runway inflation and
sky high interest rates back to the Carter years like you say, then I hope to have the assets to inflate with inflation and the cash to buy assets in a decline.
Not exact matches
Sky -
high interest rates and two recessions occurred before the Fed could finally break the
back of accelerating inflation.
Of course, your
interest rates will be
sky - rocket
high and one missed payment will have a repo man in the drivers seat headed
back to the lot so it can be sold once again.
Paul Volcker, the newly appointed Fed chairman, led a sharp shift in Fed policy in October, 1979 which drove
interest rates sky high, sent the economy into two
back - to -
back recessions and knocked inflation out.
the idea that your credit score will drop has little bearing on «how badly you will hurt» when your
interest rates, as a good, and honest payer, are «jacked up» to the
sky... and your
rate goes from 8 % to 19.9 % or
higher fulfilling the banks lust for more profits off your
back and the
backs of other good, long - time reliable customers... these immoral acts, taking our TARP money from the taxpayers are payback for «your loyalty»... your credit score will recover... paying «usuary
rates» just to keep «their card» and now their fees just to have their card even though you carry no balance is blackmail... close their cards and never do business with them ever again... slime...