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by clarionite
Tue Dec 05, 2023 3:17 pm
Forum: Off-Topic
Topic: Next banking crisis is already well underway
Replies: 25
Views: 46015

Re: Next banking crisis is already well underway

philip964 wrote: Sun Dec 03, 2023 11:14 pm Not sure if related but Gold hit a record high of around $2100.
While Bitcoin is back above $40,000.

The pundits seem to think an interest rate decline is coming from the fed.

The stock market is the highest it’s been for a while.

Oil is down.

Is the market factoring Trump will win next year?

There are very few houses for sale. Prices are higher despite the much higher cost of borrowing. Housing had a big run up while interest rates were low as borrowers could afford more.

I can’t make any sense of it. Glad I don’t have too.
I've been looking for acreage for retirement. I found some I like. But when I looked into the rates... I decided I'll wait for a while. I'll either sell my house and pay cash for the land or buy when the rates come back down.

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