Andrei Jikh, relaying another source: Interest rates will rise

Said on Sep 29, 2023, at 13:17 in the video.

The window it was checked over

Interest ratesWindow checkedRecession (NBER)
−2%0%2%4%6%202020212022202320242025Said on Sep 29, 2023
−2%0%2%4%6%2020202220232025Said on Sep 29, 2023

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked

Somebody else's forecast — not scored

What was said around it

and that's what's going to strike the hardest and that's why I'm saying that this is an actual crisis it's not something that's small it's going to affect everybody across the board right this looks kind of interesting oh yeah check out this modification it's definitely interesting oh it's Bedazzled look at that who do you think this belonged to probably a stripper so ultimately then what can people do to prepare for whatever's coming and what can they do to take advantage of it if anything I'd say one of the biggest things is that if you're in a car and you have a high interest rate try to refinance it now because interest rates are only going to go up and even if you get a higher percentage point you want to get something now because as the book value drops in your car if you owe thirty thousand dollars the car's only worth 25 banks will not refinance it you gotta basically pay that negative equity off so refinance now try to lower your payment as much as you can to weather out the storm if you could sell your car I'm telling everybody if you're into it for too deep or you're struggling making the payments get rid of it now because car prices are dropping also if you're looking at

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