> Both sides are to blame

— the one side after they fsck the country sideways, every goddamn time.

I would love to hear what was "radical" or "divisive" about Obama's policy. A significant portion of the country disliking him because of his skin color doesn't make his policies "radical"

Why specifically 26 years? I agree that Congress has been increasingly useless, leading to more and more rule by presidential decree in order to have a government that runs at all, but there wasn't a step function 26 years ago.

> he caused a large part of it for unclear reasons

Technically it was Besset, but Trump gave him the reigns.

The purpose seems to be to radically debase the dollar and setup a crises that requires an entitlement cut (Social Security) for "the good of the economy" while also expanding military spending at the same time.

Covid? Half the money printed happened under his watch the first admin. Biden continued the other half. Now we have yet another war to make matters worse. What are you proposing be done to fix it?

Disagree, fairly strongly. In 2008, four trillion dollars evaporated. In order to keep the economy from completely crashing, the Fed created $4T using QE and such tricks. The result was 15 years of flat. No inflation for 15 years. If inflation shows up a decade and a half later, that probably wasn't the fault of how QE was done.

You really really just need to raise taxes. Just find a way to sell that to the public (focus on the rich or large corporations or whatever outgroup you want basically)

I didn’t say it was the best metric, but they trend in the same direction over time.

The 10 year and fed rates are usually correlated. Occasionally rates spike or dip without moving the 10 year, but these events are brief. This could be a short spike, but only time will tell.

Variable rate (loans) track the Fed rate. Fixed rate (loans) track the long term treasury yields.

Supply is way up and sales are way down, on average: https://wolfstreet.com/2026/09/10/sales-of-existing-single-f...

This could be the catalyst to lower prices if sellers get spooked, especially if gas prices keep going up.

But bond yields are based on a market.

If interest rates go up, bonds get sold (for better yield bearing products), pushing the yields of those bonds higher. And it finds some equilibrium. The fact it isn't immediate has to do with short term vs long term bonds. When they mature and the pace of arbitrage.

I don't see how a rate hike is meant to lower mortgage rate. And just looking at the figures shows it's the opposite effect.

Logically, if borrowing money becomes more expensive, how could borrowing specifically for the purpose of buying houses become cheaper.

It seems like this would depend on the bond market’s perception of whether or not this hike is the start of a trend. It could be seen as a signal that political attempts to lower rates have been unsuccessful.

There's also "date the rate, marry the price". If you're a buyer and think that rates are going to come down within a couple of years, you can lock in the lower price of your home for property tax purposes and then refinance when rates are lower.

But a lot of people bought in 2024 expecting that to happen.

Only if you expect rates to come down in the future. If the monthly payment is the same, I guess you have a slightly bigger mortgage interest deduction for tax purposes, but you’re still paying the same amount each month.

If you expect rates to come down soon, you can plan to refinance in the future, but that’s a gamble. Rates may not go down, or the value of the house could go down before you refinance, which may make refinancing more expensive depending on how much you owe.

The question is what will rates do in the future. If rates go down you refinance, if they go up even more you hold your rates. Either way so you are fine long term, but it can be 10 years before it pays off.

Note that the US mostly does fixed rate for life of the loan. Many countries only have ARM (adjustable rates), and those exist in the US as well. If you have an ARM that changes things greatly.

This really doesn’t make sense.

Higher interest rates mean the monthly payment is higher. You need to pay back the principal + the interest.

The Fed purchased Treasury securities during COVID QE. Those securities had low yields and cash reserves were created during those purchases.

Those cash reserves are held by banks which the Fed funds rate pays interest on (what was hiked).

Meanwhile the fixed rate debt from QE remains the same.

hah i know, his own man raised rates, he will probably send the military out to get Walsh