Freaking Out Over Interest Rates

Are you freaking out over interest rates?

You shouldn’t.

I know it’s tough to stay calm when every so-called expert on Fox and CNBC is screaming at the Fed to lower interest rates.

They want to get back to the easy money as quickly as possible.

That of course is a mistake.

We need the higher interest rates.

We need a cost of money.

Come to think of it, we need a recession too.

The economy desperately needs a good night’s sleep.

You wouldn’t know that if you listened to these so-called experts.

Oh, no.

These titans of finance have had enough of high interest rates.

They want those rates lowered NOW.

They have had quite enough of this sideways stock market stuff.

You see, they want the Fed to lower rates so that the Dow will boom.

And why do they want the Dow to boom?

Because that’s how they got rich in the first place.

They don’t give a damn about inflation.

Why should they care about inflation?

They are billionaires. They can easily afford any price increase.

And so they don’t care.

They completely ignore why we have inflation in the first place: easy money.

Well, let me offer a ticket on the clue train: Higher interest rates are not a bad thing.

Higher interest rates forces people to be smarter with their money.

When money is too easy, people get lazy. They don’t think hard enough about the money they are borrowing.

It’s always better to be smarter and ask a few questions before you borrow.

Do you really need such a big house or office? Can you cut some costs somewhere? Can you purchase in a different location? Are there other structures available?

Higher interest rates in themselves should NEVER be an impediment to you pursuing your dream.

When I purchased my house and office in the mid 90s I paid 10 to 11 percent interest.

I was happy to do so.

My friend, Garry, who bought his house years earlier than I, paid 14%.

Neither he nor I allowed high interest rates to stand in our way.

Neither should you.

Go out there and live your life unafraid.

And forget the so-called experts on the business shows.

The world is not going away because of higher interest rates. In fact, they represent a new beginning.

***

These so-called experts on television are actually dangerous to the economy.

Because they have such easy access to the media, and because they are ubiquitous on that media, they put pressure on the government and the Federal Reserve to do something to save the economy from high interest rates and recession.

They are very much like a methamphetamine addict constantly clamoring for a new high .

The result is that the body never sleeps.

The body never sleeps because the government and the Federal Reserve are forever injecting stimulants to prevent the dreaded “recession” known as sleep.

In time the body without sleep will become dysfunctional.

Recessions – sleep – give the body time to rebuild tissues, to eliminate toxins, to permit the economic body to fight another day.

In time the body without sleep, will die.

Sincerely,

Archer Crosley

Copyright 2023 Archer Crosley All Rights Reserved