The anticipation of a Trump win is sending mortgage rates soaring. Top economists say scorching inflation is very likely to go with it

https://fortune.com/2024/11/01/donald-trump-mortgage-rates-harris-inflation-election/

by reflibman

19 comments
  1. Some say Trump is going to put a Tariff on banks to make them pay America for what they did to mortgage rates. This will make us all rich. /S

  2. Remember how republicans complained about inflation under Bidens whole term and democrats kept framing it in a positive way…..I’m going to be shocked AND appalled if I see republicans framing inflation under Trump as ok and democrats calling it the end of the economy. But I doubt we will see that.

  3. The truth is, they are both awful and clueless when it comes to economics and monetary policy. But, only one of the candidates is actually talking about cutting spending and auditing government spending. That same candidate is also foolishly talking about deporting our labor force and reverting back to isolationist policies that would destroy the country. Sooo it’s a damned if you do, damned if you don’t scenario. Mark my words, economic instability is the greatest threat facing this nation and it will be our demise within the next 50 years if we don’t course correct soon.

  4. Trump is a champion of money printing “quantitative easing” (QE).
    https://www.thetrumparchive.com/?searchbox=%22quantitative%22

    That will drive interest rates lower because the government buys all debt. The bad news is, it requires a never ending supply of new money, so it resembles a Ponzi. Unlike a Ponzi, where the new investors/money dries up, the money printer need never shut off.

    I’ve heard he wants to take over the Fed to do exactly this.

  5. Yeah almost 100% immediately after the tariff.. it’s literally just an unavoidable additional cost

  6. This is a play. Crashing the economy will justify crazy spending which will again fill their pockets. I’m tired of this shit!

  7. I don’t know what will suck more him loosing or him winning… i just know both will be bad

  8. I just got a call from my mortgage company yesterday saying I can now refinance at 2% lower than I did last fall. Literally today. So this does notmake any sense

  9. I like how they say that high interest rates are bad when they are the thing directly helping the rich and stealing the middle class and poors buying power. Guys, the fed is not good for you.

  10. OMG, THE SKY IS FALLING
    =

    The jokes on them… Trump doesn’t even stand a chance of winning. It won’t even be close.

    Harris has this one locked up, money in the bank.

    ———

    Trump will be LUCKY to get 10M votes or even carry a few states.

    ———

    People have NEVER been happier than they are now, this is NOT a change election.

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