Trickle down just means somebody is peeing on you and telling you it’s raining

Many can’t pay every month, but better than high interest loan. It saved me many times. As my dad would say, I came into this world with nothing, and I still have most of it left. Sometimes you can’t get that loan. Hopefully the info gets him to the point he can pay every month

Looks like a little bungalow. Perhaps King Charles will gift it to Prince George as a birthday present.

Amen! I have always believed that U.S. Mint Proof coin sets & Unc. coin sets that I can buy from coin dealers for about $10 or less are a great value. And like the situation you basically refer to Major D., if I ever send in the ones that I think might grade high at PCGS or NGC, I might make enough profit to retire!

NumisdudeTX

I should clarify that by saying the banks probably never stopped issuing new CD’s it’s just that I think my brokerage does not list bank CD offerings that fall below their US Govt. Money Market yield which is currently 4.2%.

Well I think I’ve solved my curiosity about the disappearance of new CD issues. Last week the yield on the 2yr treasury dropped precipitously which coincided with the decline in CD offerings.

Today the yield is rebounding and the banks are once again slowly increasing the offering of new CD’s.

One word the U.S. Mint never uses in its printed catalogs or on its website for its “Numismatic Program” products is “investment,” due to legal reasons.
Instead, they use “mementos,” “gifts,” “collections,” “historical,” etc.
One of the reasons is that a very large majority of the Mint’s products issued in “modern” times (basically since 1965), have been horribly bad investments in raw (ungraded) original Mint packaging. For example, you can buy some U.S. Mint 5-coin clad Proof sets for around $5 in OMP!

NumisdudeTX

I could be wrong but I’ve always thought that banks used deposits as the seed for the money they loaned to borrowers (mortgages, etc.) and offered depositors rates 2-3% less than what they charge borrowers to make their profit. At the same time they are in competition with Treasuries for deposits. With treasuries paying upward of 4% they have had to raise their rates to compete.

Perhaps with lending rates so high there is a deficit in borrowers?

If that were the issue, I would expect they would just lower the rates on their offerings not stop offering anything at all.

Perhaps it is just an issue in the brokered CD market or just my brokerage as the secondary market has disappeared as well.

It will be interesting to see what happens at the next meeting of the FED. Perhaps everyone is waiting to see what they are going to do next week.

Sir Kaiser, I was referring to the “Renaissance Era” in American coinage, the most vibrant and creative era in U.S. numismatics, which began the process of redesigning the nation’s coinage, a process that evolved from 1907 through 1921 and eventually changed the design of all denominations of U.S. coins. It all began with the “Genesis Letter” addressed by Theodore Roosevelt to Secretary of the Treasury Leslie M. Shaw…

My dear Secretary Shaw:

I think our coinage is artistically of atrocious hideousness. Would it be possible, without asking the permission of Congress, to employ a man like St. Gaudens to give us a coinage that would have some beauty?

Sincerely yours,

Theodore Roosevelt