The FED Issues WARNING! Turbulence Ahead FASTEN YOUR SEATBELTS!
Minneapolis Fed President Neel Kashkari said last week. “I’m focused on the inflation data” and the need to keep raising rates until it is squelched, said Kashkari, who issued a blunt “I-got-it-wrong-on-inflation” There will be lots of tightening ahead until the economy crashes!
Reverse mortgages can be a useful tool for senior citizens that have a lot of equity in their home and really need the money in order to live out a comfortable retirement. It can be even more tempting to take out a reverse mortgage during high inflation, but before you do, I need to warn of what the implications are right now, so you know what you are up against.
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