Capital-intense.
Words they use to keep bad ideas alive.
It was fine before President Retard screwed everything up
In other words, “we need free money to force this crap on you”.
My sister has the same education in finance.
She’ll max out her credit cards then “save money” by getting a lowered monthly rate and increasing her limit, then maxing out again, repeating, then repeating. Works. /s
Inflation. A hidden tax which they blame on business greed. Liars.
printed-fiat money, courtesy of massive debt and the Federal Reserve is a social-engineering tool
President Trump calls it the “green new scam”
How about electricity rate cuts. Green New Deal is making them skyrocket.
There was some kind of manufacturing index number released earlier today. It showed a decline in US manufacturing.
Now I’m the suspicious type. So I wouldn’t be surprised if that number was manipulated to give the Fed an excuse to cut rates.
If you screw with one segment of an economy, you will upset at least one other segment of the economy. Then when you screw with that other segment of the economy that will upset another segment of the economy. Keep doing this again and again, eventually you will have screwed up that economy so badly that it will collapse under its own weight................
“High rates are affecting our religion”
Between the Fed wording yesterday and the chaos in the ME ramping up, which I think will drive up oil more and thus prevent inflation falling further; I’m starting to think that the FED is going to hold off cutting in September....and as a result the market is going to crater earlier than the deep-state wants (which is after Trump wins so they can blame him).
Although historically the market caves after the Fed starts cutting because they always wait too long and rates take time to work their way into the econoomy.
The problem is that the feds have painted themselves into a corner with no escape. If they keep interest rates high, the cost of servicing the ballooning debt will crowd out almost all other spending. If they lower interest rates, inflation will rage again (unless they let the economy crash, which is politically untenable at the moment). One way or another, all of those trillions of dollars of unearned currency have to be pulled out of the system, and making borrowing easier again would be like fighting a forest fire by spraying it with gasoline.
I think where rates are now is the bare minimum of where they should be, even long term. They should really be even higher to put inflation back to the low levels where it belongs. And the benefits of higher rates (to responsible people who don’t live on credit) are more stable buying power and the ability to make a decent return on your money without having to gamble it in the stock market. Almost all of our financial problems trace directly to the debt-dependent economy we’ve fashioned, from the individual to the federal level. Thinking that the negative consequences of that foolishness are “transitory” and that we can now go right back to the policies that got us into this mess is idiotic.
People are going to have to reorient to a more traditional economic model in which people save their pennies, borrow very little, and delay gratification until they can afford something. If they can do that, they may be shocked at how wonderful it will be to not be in a constant race to get enough ROI on your money before ravenous inflation devours its buying power, and to be able to do so simply by depositing money in an interest-bearing account instead of betting it all on red in the market casino.