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re: Can someone make a case for 0% interest rate?
Posted on 9/12/19 at 2:38 pm to LSURussian
Posted on 9/12/19 at 2:38 pm to LSURussian
Sorry you're poor and don’t have access to the WSJ. Here is the quote when asked why he was pushing Powell so hard for lower rates, “You can't pay amortization when he's raising interest rates, OK?”
This post was edited on 9/12/19 at 2:39 pm
1
Posted on 9/12/19 at 2:51 pm to OleWarSkuleAlum
quote:Yeah, that's why I don't want to subscribe to the WSJ.
Sorry you're poor
quote:Assuming that's what he said, he was referring to business and individual borrowers repaying their debt on an amortization schedule.
“You can't pay amortization when he's raising interest rates, OK?”
When the Fed raises the Fed funds rate, it results in the commercial banks raising their prime lending rates. It has almost no impact on long term government debt rates as seen by the current ten-year bond rate being considerably LOWER than the overnight Fed funds rate.
Are you really that stupid??
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