01
Last year, my friend worked on Wall Street. Their team predicted that the Federal Reserve would lower interest rates in March, but they waited for half a year and nothing happened. Last week, their company organized a team-building event to go hiking, and when passing a viewpoint, the tour guide said that you could see the Federal Reserve headquarters building from there, so everyone took out their phones to take pictures. The next day, the news reported that the Federal Reserve announced it would keep interest rates unchanged. My friend said if they had known, they should have just smashed their phones.
02
03
The Federal Reserve's recent moves are really puzzling. Clearly, inflation can't be controlled, but they are still stubbornly holding off on raising rates. Last year, I hoarded a bunch of dollars waiting to buy the dip, but now the exchange rate has plummeted, and it's better to have just exchanged it for gold and kept it under the bed for peace of mind.
04
05
I remember in the 90s, there was a small shop owner in the village who was always hoping for the bank to lower interest rates so he could take loans to stock up. But the bank's interest rates remained high. Later, it turned out that the head of the credit union in town had moved all the funds to lend at high interest rates. In the end, that person was sentenced to ten years, and the shop owner never saw the interest rates drop before he had to close his store.
06
07
The Federal Reserve raising interest rates is like squeezing toothpaste; they always say, 'Soon, soon,' but it ends up taking half a year. I have a friend in foreign trade who watches the Federal Reserve news every day, and his hair is almost turning white from waiting. He says he doesn't even dare to quote prices to clients for the long term because he fears sudden exchange rate fluctuations will lead to losses. The funniest thing is that he has a picture of Yellen on the wall of his office, and the first thing he does every day at work is to bow to the picture three times.
08
09
My wife and I didn't wait for interest rates to drop. We really hate the feeling of being led by the Federal Reserve. But for the mortgage, we still have to pay attention because I love money. I can't accept that interest rates are so high all the time. So we just bought a small apartment to live in for now; as long as life is manageable, the height of the interest rates really doesn't matter.
10
