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Thread: Variable mortgage regret?

  1. #241
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    Quote Originally Posted by Disoblige View Post
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    No way. Kfc fries has more flavor so when cold it beats McDonald's.
    Kfc used to have some amazing gravy that could salvage cold fries. Their new gravy sucks balls so they gotta be hot and fresh imo.

  2. #242
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    wtf they changed their gravy. fuck life.

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    Quote Originally Posted by msommers View Post
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    Looking at variable vs fixed rates, seems like the banks are anticipating rates to come down. Or at least is logical given that fixed and variable rates are so close right now
    Or… BoC overnight rate and the 1/5yr bond yields are similar

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    Quote Originally Posted by ercchry View Post
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    Or… BoC overnight rate and the 1/5yr bond yields are similar
    Excuse me sir, this is the french fry thread.

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    Quote Originally Posted by killramos View Post
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    Well yea. Soon the narrative will need to pivot to digging ourselves out of the recession we are causing.
    Attachment 109017
    The most fascinating thing about this past year is that it's the most rapid rise we have seen in interest rates in less than 1 year since we've had a central bank. Rates have gone up by a multiple of 13 times in 7 months from 0.25% to 3.25%. The worst we have seen in the past is about a quadrupling in approximately a year in 2010 after the economic crisis from 0.25 to 1%. Before that it was a doubling in the from 79 to 81.

    What happened in each of these past cases is an approximate decline in rates at the same rate in which they increased. I understand that double of the rates that existed in the 70's and 80's is quite different because we are comparing above 10% then to below 1% now, but the affect is the same in terms of increasing costs on the public.

    While increases were expected, I don't think they were expected at this pace. I wonder if the assumptions are true, that they will decline as quickly as they climbed? They aren't going back below 1% I wouldn't think though.

    I still believe that sometime in the next year that inflation target will get adjusted upward so that they can modulate the rate increases they are doing right now.

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    Inflation is sticky.

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    Quote Originally Posted by suntan View Post
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    Inflation is sticky.
    Historically speaking it's not super sticky. We've seen these types of rises and falls before.

    I guess we also haven't seen this much money injected into the economy before either.

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    Quote Originally Posted by sabad66 View Post
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    Kfc used to have some amazing gravy that could salvage cold fries. Their new gravy sucks balls so they gotta be hot and fresh imo.
    I always thought it was the location by us that watered down the gravy or something. Sucks they changed it
    Quote Originally Posted by Mitsu3000gt View Post
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    and I did not have the only say in the matter (most people just want it done ASAP and don't care about quality).
    Quote Originally Posted by Mitsu3000gt View Post
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    If anything we made a better decision because we had a consensus and were all on the same page.

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    Quote Originally Posted by suntan View Post
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    wtf they changed their gravy. fuck life.
    Seemed like the same gravy when I slummed it with KFC a week ago.

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    Quote Originally Posted by Cagare View Post
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    The most fascinating thing about this past year is that it's the most rapid rise we have seen in interest rates in less than 1 year since we've had a central bank. Rates have gone up by a multiple of 13 times in 7 months from 0.25% to 3.25%. The worst we have seen in the past is about a quadrupling in approximately a year in 2010 after the economic crisis from 0.25 to 1%. Before that it was a doubling in the from 79 to 81.

    What happened in each of these past cases is an approximate decline in rates at the same rate in which they increased. I understand that double of the rates that existed in the 70's and 80's is quite different because we are comparing above 10% then to below 1% now, but the affect is the same in terms of increasing costs on the public.

    While increases were expected, I don't think they were expected at this pace. I wonder if the assumptions are true, that they will decline as quickly as they climbed? They aren't going back below 1% I wouldn't think though.

    I still believe that sometime in the next year that inflation target will get adjusted upward so that they can modulate the rate increases they are doing right now.
    The older I get and the more history I have in the Financial Services (tm) industry, the more I think that central bankers are ritards.

    They're also becoming more ritarded at the same time.

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    Quote Originally Posted by Disoblige View Post
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    It's not being poor. It's being lazy.
    Aren’t they mutually exclusive?

    Potato, poh-tah-toe
    "The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."

    -H.P. Lovecraft

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    Quote Originally Posted by Buster View Post
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    The older I get and the more history I have in the Financial Services (tm) industry, the more I think that central bankers are ritards.

    They're also becoming more ritarded at the same time.
    The BoC is often wrong. They tend to be too hawkish when raising rates. Then again they're too dovish when times are good.

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    Quote Originally Posted by sabad66 View Post
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    Kfc used to have some amazing gravy that could salvage cold fries. Their new gravy sucks balls so they gotta be hot and fresh imo.
    Probably budget cuts causing reduction in duck fat in it

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    Quote Originally Posted by suntan View Post
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    The BoC is often wrong. They tend to be too hawkish when raising rates. Then again they're too dovish when times are good.
    They just don't know what the fuck they are doing in general.

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    Quote Originally Posted by Buster View Post
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    They just don't know what the fuck they are doing in general.
    David Dodge was the last decent one. At least he realized that inflation was a killer. He was still too hawkish though.

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    Quote Originally Posted by Buster View Post
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    They just don't know what the fuck they are doing in general.
    Is it that? Or is it that they take direction from the government for the most part(who we all know is actually full of retards), and then BoC/Fed step in hard to save the plane from it's death spiral before it crashes and burns?

    Meanwhile these central planners all profit from massive corruption at the expense of us plebs whether things are going great or terrible.

    Once you realize they don't actually have any desire to make things good for the middle class, it all starts to make more sense.

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    Quote Originally Posted by Misterman View Post
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    Is it that? Or is it that they take direction from the government for the most part(who we all know is actually full of retards), and then BoC/Fed step in hard to save the plane from it's death spiral before it crashes and burns?

    Meanwhile these central planners all profit from massive corruption at the expense of us plebs whether things are going great or terrible.

    Once you realize they don't actually have any desire to make things good for the middle class, it all starts to make more sense.
    Yes, MMT is just an excuse to officially comingle executive powers with central bank powers.

    Govt is the swiftest way for people to enrich themselves...and has always been used to rent seek.

    This is why anyone with half a brain comes to the conclusion that small-state libertarianism is the only thing that approaches fairness. (Capitalism's foibles pale in comparison to govt enabled rent seeking).

  18. #258
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    I don't think anybody wants to deliberately send an economy into a recession as it pretty well guarantees an election loss.

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    Quote Originally Posted by Buster View Post
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    They just don't know what the fuck they are doing in general.
    Can you help them understand
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

  20. #260
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    Quote Originally Posted by suntan View Post
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    I don't think anybody wants to deliberately send an economy into a recession as it pretty well guarantees an election loss.
    They don't know they're ritarded

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