Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: freddy005
Janet Yellen and the FED are acknowledging that our economy isn't strong enough to withstand a quarter percent interest rate hike, the first such hike in nearly ten years.

So, after seven years of 0% interest rates our economy isn't strong enough to withstand a quarter percent (0.25%) rate hike?

If that doesn't tell you all just how bad our economy truly is, I don't know what will.

The elderly who rely on interest rate income continue to get hammered while Obama's Wall Street buddies make out like bandits.

Shameful.

25 posted on 09/17/2015 12:12:20 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
[ Post Reply | Private Reply | To 1 | View Replies ]


To: usconservative
So, after seven years of 0% interest rates our economy isn't strong enough to withstand a quarter percent (0.25%) rate hike?

Yup. Local bank is offering a money market rate of 0.25%. If you can scrape together $100,000.00, then they boost the rate up to 0.30%. Woot!

31 posted on 09/17/2015 12:31:37 PM PDT by Flick Lives (One should not attend even the end of the world without a good breakfast. -- Heinlein)
[ Post Reply | Private Reply | To 25 | View Replies ]

To: usconservative

Amen! And if I were the Republican field I’d be hammering this point EVERYDAY until election! Obama and the Clintons are LOVED by Wall Street....why? It’s obvious! There is NO “Recovery” and the 0.01% have NEVER done better...thanks to the Socialist LEFT and their uniparty Co-horts- the Rinos!!


32 posted on 09/17/2015 12:50:39 PM PDT by freddy005
[ Post Reply | Private Reply | To 25 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson