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Agreed

Posted on: September 20, 2024 at 15:09:47 CT
meatiger MU
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I think most intellectually honest people can say an interest rate near zero is absurd.

There can be fair arguments of where it would naturally fall as well.

I actually did some loaning through a site called prosper.com.

People could come in and ask for money, and you could basically bid an amount and interest rate you would be willing to loan at. Once they got enough bids, it was funded.

I just did a couple of thousand, but it was an interesting concept.

I think one of the loans was at like 30 something percent.
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BOA predicting 75 basis point cut next quarter - tman MU - 9/20 14:29:54
     Wow, that would be drastic. Could be political, though. (nm) - JeffB MU - 9/20 14:30:41
          It will be Trump's turn to be blamed for "inflation" caused - ummmm MU - 9/20 14:33:32
               Is a lower interest rate - meatiger MU - 9/20 14:38:20
                    Yes, that's how they artificially suppress interest rates. - ummmm MU - 9/20 14:54:18
                         So why did so many people - meatiger MU - 9/20 14:57:20
                              Neither the Fed nor any other government entity should be - JeffB MU - 9/20 15:05:51
                                   agree - meatiger MU - 9/20 15:10:45
                                        Which comments of mine did you find 'quite funny'? (nm) - JeffB MU - 9/20 15:18:17
                              I don't know. I think everyone has a different opinion - ummmm MU - 9/20 15:02:36
                                   Agreed - meatiger MU - 9/20 15:09:47
                    Yes. They lower interest rates by buying US treasuries. - JeffB MU - 9/20 14:48:05
               It might be enough to delay the collapse/pop of the bubble.(nm) - JeffB MU - 9/20 14:35:07
                    I'm not so sure - AWOLTiger KC - 9/20 14:54:15
                         Yes, at some point it all collapses. I think the analogy of - JeffB MU - 9/20 15:08:37




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