'... should be left up to the parents,' ...and there within is the problem. Sadly there are parents today (in the minority thankfully) that are pushing their children into 'life altering decisions', and so I think it's important that children are protected from their parents. However, when those children become adults, (preferably at an age of thirty, as that when the brain is fully developed) they can then make their own 'life altering decision' where importantly they should, by that time, have the necessary funds to cover the entire cost themselves.
The problem is most mortgagees are on low fixed interest rates, so the Fed can keep increasing rates because the only people affected are those seeking a new mortgage. The Fed, by increasing rates as they have done is damaging to banks and pension plans, but Joe Public are not yet being affected by increasing interest rates.
The Fed and BoE interest have little effect on inflation as the majority of home mortgagees have low fixed interest terms. What is being damaged is Pensions with the demise of bond values and small regional banks. The Fed and BoE know this intimately and so the question that we must ask ourselves is why? Is the ultimate aim to reduce the number of regional banks, especially in the US and is a banking crisis being engineered to bring in digital currencies? One thing's for sure, these increasing interest rate hikes are having no effect at reducing inflation, because as mention above, it can't.
The majority of car manufacturing companies don't often make big mistakes, but Tesla is enroute to making its biggest and that's Cyber Truck. The focus should have been on the largest market segment, which is SUV. Now go and look what Nio is doing - at least the Chinese know and understand the market place. Tesla isn't the only American car manufacturer to go off the rails, look at Lucid! Did Mercedes first start with the S-Class, or did they first create a volume based derivative? Go figure! It wasn't the S-Class was it. The biggest problem for the EV market, and in particular Tesla, is transitioning quickly from an expensive product to an affordable product - there are going to be a whole load of existing owners very unhappy with the residual value of their Tesla.
Ra Su - Agreed! The EU is a basket case - Asia is way better positioned following the EU's disastrous handling of not only Covid, but its management of its most basic need - energy.
Exactly right! And what sort of message does it send out to all those students and their parents that did work hard and paid off their student loans - those that paid-off their debt. For me, that's got to lose Joe more votes than he thinks he will gain by playing this unethical stunt
Agreed. There's nearly always some crypto spam message on completely unrelated articles. I've made a complaint about this with investing.com, it's an easy fix for their IT team to resolve - but I'm not holding my breath though.
...sorry, the Hydrogen route is barking up the wrong tree and it's why the Japanese have finally given up on this route. The future technologies of batteries and their charging capacity is mind blowing.
...and their design teams are lacking too. It's why my next vehicle is from China, albeit designed by a British vehicle designer - the Japanese for the past twenty years should have followed European design themes, and even with China being on their doorstep, they're that stubborn, they won't even look there.