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| Economy |
| Some good news concerning the strength of the USD and our economy |
| 2014-09-22 |
| Posted by:Besoeker |
| #5 tw, the reason for writing that is that if the fed increased the fed funds rate from 0% to 4% then everyone with a variable interest mortgage or home equity loan would see a change in their payments from 2-3 percent to 6-7 percent. I am not particularly exposed, but it would cost me a few hundred dollars a month that I would rather spend on my college aged children. Many are worse off than me, so those many would be unable to pay and default. Mortgage based securities would fail. The banks would retrench and the economy would collapse. Much like 2008. So, get a clue. Raising interest rates helps the old and rich and savages the young. Which is fine as long as the old die and give their wealth to the young from whom they have acquired it. Right now we are in an unusual time when the old don't die and the youth keep paying them. This creates an economic problem needing the intervention of very, very low interest rates until the old begin to die. |
| Posted by: rammer 2014-09-22 22:50 |
| #4 Who wote this doesnt have a clue. Why do you say that, Lionel Thoth9784? Anything to do with money is my particular weakness, despite Mr. Wife's best efforts, so I'd be very glad for an explanation. I mean, i know that there are help wanted signs at my grocery store and such, while on the other hand, the number of those not employed is the highest its been in a very long time, and of course the horrific deficit spending...But to what do you refer? |
| Posted by: trailing wife 2014-09-22 15:56 |
| #3 Don't harsh our good news Lionel. We don't get very much of it over here. |
| Posted by: Besoeker 2014-09-22 10:56 |
| #2 Who wote this doesnt have a clue. |
| Posted by: Lionel Thoth9784 2014-09-22 10:50 |
| #1 If the Fed raised interests rates 4% we could do Europe on five dollars a day, or something. |
| Posted by: Shipman 2014-09-22 07:19 |