OnePercenter
Gold Member
- Apr 10, 2013
- 23,667
- 1,880
So how many years will it take to recoup Obama’s overlong low interest rates?Oh wait.The country could save billions if the interest rate falls lik he wants it?Interesting....as we watch Trump berate and publically insult Powell.
Trump’s company could save millions if interest rates fall like he wants
The Post notes that just a quarter-point reduction, which many investors now predict will occur in mid-September, could save Trump as much as $275,000 annually on just his Doral loan.
Bloomberg News reported that every quarter-point reduction could save Trump $850,000 annually, which would create more than $3 million in annual savings if the Fed dropped rates a full percentage point as Trump has demanded.
The Fed cut short-term rates by a quarter of a percentage point in July, the first such action in more than a decade.
Your 401k will be of less value. Oh wait......if it's market based it already is.
Most people invest more than 6 months before they retire.
Lower interest rates take years to recoup. Plus, the tens of millions that were wiped out during the last Republican White House.
You are glossing over what happened in 2007-2008.