Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 351.50

-2.4%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robert O who wrote (54096)	10/5/2011 5:06:56 PM
From: Kirk ©	Read Replies (1) of 95931

Gross finially got it. Unintended consequences of artificially low rates that steal wealth from savers and give it to borrowers... the biggest is the US Government. It is in effect a tax on the wealthy savers. The only loans banks want to make at these rates are ones they can quickly sell to Fannie and Freddie. They can effectively borrow at very low rates... I got a refi at 3.7%, no cost recently and will lock in a refi for about 3.3% in days to weeks. After taxes, I get a large sum for about 1% a year compared to using cash to pay off the loan. Money is amazingly cheap... it is why the smart, big companies issue debt now... If you don't have perfect credit .. very hard to get a loan as the banks KNOW rates will eventually soar from what the Fed is doing and they want to make sure taxpayer or LT borrowers who buy the GSE paper not them are holding the loans. I think many with significant savings have cut way back on spending because part of their spending cash came from interest on savings.... I think many save even more than they have to because they don't know how long these low rates and losses to inflation will last.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next