WASHINGTON - The Federal Reserve’s decisive statement this week that interest rates are unlikely to rise this year sends a signal to U.S. households: keep buying stuff.
The Fed tries to guide the U.S. economy by controlling the interest rate banks charge one another for overnight loans. Moving this rate up lifts other rates in the economy, making it costlier for people to use their credit cards or to buy homes and cars. Higher rates also make companies rethink investments.
While I own stock in the finance companies and would probably make money, I feel this is a setup. Have them take loans out at low-interest rates, then jump the rates up just before the election, to create another crash. Far fetched?
Gotta create more debt slaves.....
yaaaaaaa worked well last time
The next crash is coming in this theater
Will you be patriotic and max out your credit cards?
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »