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re: Can someone make a case for 0% interest rate?
Posted on 9/12/19 at 2:51 pm to OleWarSkuleAlum
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??
1
Posted on 9/12/19 at 2:53 pm to LSURussian
No he was using it in reference to paying the interest in the federal debt. And yes that’s the chief argument against what Trump is advocating for, but no one has attempted this so no one knows exactly for sure what is possible. In Trump I trust.
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