Member banks currently pay zero,that's nothing for their money. So how much should they charge us?
So if the fed "raises rates" member banks will now pay .25 of a percent. A quarter of a percent interest to borrow money to loans us to buy homes or boats, or that imaginary loan to a small business.
it's all bullshit. What really happened to their costs?NADA!
If their cost is now zero and it goes to .25% so friggin' what? All this is becomes an excuse for member banks to charge even more than they currently charge for taking little or no risk and to get people to think that rates are going to skyrocket and hurry up and borrow. These guys are little more than sophisticated car salesmen.
The Federal reserve raising interest rates will be interesting, as I can only think it is being micromanaged out of the White House too. What will Yellen do?
I think now is the only opportunity being the first 2 quarters of every new year are usually slower for the stock market although unemployment will be much less than 5% come next spring being the way it’s calculated for media reports.