What, you mean we just can’t keep calling the bank and telling them to raise our limit so we can spend like there’s no tomorrow????
And when rates go up..so dos the cost to finance our nearly $29 trillion in debt..
>> Global debt levels are dangerously high and central banks cannot keep the game going indefinitely <<
While this is true, the culprit is government. Personal debt is down 18%. Raising interest rates will cause a recession, which will send government deficits through the roof. But it will prevent workers from demanding higher wages... which is the ultimate goal of the fed: shift the burden of paying for employees from corporations to welfare programs for the working poor.
If the Fed could raise the interest rate 12.5 basis points instead of the 25 points, they’d do it. Otherwise, I think due to the unstable Chinese economy, the Fed may hold off raising the interest rate until December 2015.
I’ll eat my foot if the US raises rates anytime in the next 18 months. Not going to happen.
.25 per cent that has been telegraphed for months, will not do much.