The Fed bumped interest rates up by 0.25% to 2.5% overall. The Dow Jones dropped 400 points and every pundit is crying that the Fed is killing the recovery and throwing the country back into Great Depression 2.0. Right.
6% has been considered a proper interest rate, going back to medieval times. I remember my first house mortgage at 7 and 1/8th, way back in the 1970's, thinking at the time that I had a pretty decent mortgage rate. Far as I am concerned all the weeping and wailing over 2.5% is coming from modern snowflakes. Bring on that global warming and melt those crybaby snowflakes.
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