Rates are crashing and fuel to the moon!

How many remember 17% mortgage interest rates, with excellent credit and 20% down?

 

I don’t remember because I was a toddler, but dad bought a brand new truck at the end of 1980 and earlier that year we moved into a new house. And knowing what I know now I have no idea how that was pulled off running a single truck while mom stayed home with us 4 kids.

 

Feminism. Women have a right to work.... Now you need 2 people to work to prop up a house and kids. Plus Japan flooded us with cheap stuff. Factories shut down. I'm sure there are more reasons.

 

My parents built a new home in 1976 with high interest rates and some how they managed. My Grandparents both working middle class jobs had zero debt their entire lives, thrived with the same high interest rates getting great returns on their CD’s.
Times have definitely not been easy for most of us myself included. but the last 40 years of employment and investing have been very profitable for me. There is absolutely nothing I have done that hasn’t been available to anyone with a high school diploma. Did it suck for many years working nights, weekends, holidays and 2 jobs for nearly 20 years? Yes it did at times but it was worth it to me.
I generally stay away from talking politics but I strongly believe that EVERYONES VOTE CARRIES CONSEQUENCES.
It probably will be hard times for many people for a while but those with enough cash on hand to ride it out will eventually be better because of it. The strong generally survive rough times. The weak will fail in the easiest of times.

 

People fail to realize how far rising fuel costs impact everybody else in society. But dont worry the president says everything is perfectly fine.

Skyrocketing fuel prices squeeze Rhode Island fishermen

 

Why wouldn’t the boat owners buy fuel on contract? They know what they burn on an average year. Even up home a lot of the farmers already have their fuel contracts for this summer. In situations like this it sucks for the co-op, other years the contracts suck for the farmers. But at least their fuel cost isn’t variable for this year.

 

Downtown Montreal this afternoon. 187.90 cad for 18.75 gallons

 

Sorry to see that. That is the point when it really starts hurting people. Unless you guys are normally paying a lot for fuel?

I have not really been worried much about fuel prices, but that is starting to change. I'm seeing pieces after pieces of oil infrastructure being destroyed in the gulf countries. Its all going to add up even if they do get the straight traffic flowing normally again. Next week might be a wild ride for the crude/fuel, but I guess you can never predict these things. Looks like a global recession could be on the horizon.

https://www.news.com.au/technology/...y/news-story/637fbabd3bf863034aa202ea8cb95de9

 

Fuel is normally a little pricey compared to your prices in some states. It was around 1.85 per litre in November. Roughly 6.90 to 7 a gallon cad.
Company truck and fuel thankfully, but every dollar that goes in the tank is a dollar the boss can’t pay me lol!
Somewhat related, heard that second airmen was rescued, good to hear.

 

Yep. It will get worse.