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Started By
Message
Our president supports negative interest rates
Posted on 9/11/19 at 9:25 am
Posted on 9/11/19 at 9:25 am
Posted on 9/11/19 at 9:27 am to yatesdog38
We gonna crush China.
The End.
ETA: Get in loser
The End.
ETA: Get in loser
This post was edited on 9/11/19 at 9:28 am
Posted on 9/11/19 at 9:27 am to yatesdog38
Drive those rates into the ground
I will be crushing! MAGA
I will be crushing! MAGA
Posted on 9/11/19 at 9:27 am to yatesdog38
quote:
wants to be more like Europe
Hard pass
Posted on 9/11/19 at 9:59 am to yatesdog38
That would be really dumb. We already have one of the lowest savings rates in the developed world; pushing it down more will only increase government dependency over the long run.
Let’s save our rate decreases for a struggling economy. We don’t need it while we’re still growing steadily.
Let’s save our rate decreases for a struggling economy. We don’t need it while we’re still growing steadily.
Posted on 9/11/19 at 10:03 am to funnystuff
exactly. This is hurting old people. risk free assets aren't keeping up with inflation so you have older people taking more risk. I think the this will be one underlying factor in the next bubble whenever it may come to fruition
Posted on 9/11/19 at 10:17 am to yatesdog38
trump is just short term looking to give himself a nearsighted boost. his plan is economically long term unsound but donnie does not care about anyone but donnie.
donnie first. working man second.
donnie first. working man second.
Posted on 9/11/19 at 10:35 am to yatesdog38
Stupid move. Very stupid. Stupendously STUPID. That is a desperation move to kickstart a floundering economy. Sure, gut bond holders. Discourage any type of saving and give welfare to Goldman, BOA,City and JPM Chase.
We still have about 3% annualized growth. Did I say this is FRICKIN STUPID!!!
We still have about 3% annualized growth. Did I say this is FRICKIN STUPID!!!
Posted on 9/11/19 at 10:40 am to Stingray
quote:
We gonna crush China.
Great...and frick American bond holders in the process
Hey, dimwit, loan me 1000.00, I'll pay you back...eh, most of it.OK
Posted on 9/11/19 at 10:43 am to yatesdog38
He is maybe the most inept president in history in regard to economics
Posted on 9/11/19 at 10:45 am to funnystuff
quote:
We already have one of the lowest savings rates in the developed world; pushing it down more will only increase government dependency over the long run.
Can’t be stated enough.
Posted on 9/11/19 at 11:31 am to yatesdog38
"Charles Schwab is laying off 600 workers in response to a slowing economy and pressure from slumping interest rates, the company said. The cuts represent about 3% of the bank’s workforce and comes across all sectors amid an effort to streamline expenses as net interest revenue comes under pressure."
Posted on 9/11/19 at 11:45 am to yatesdog38
totally disagree with him on this one.
Posted on 9/11/19 at 11:46 am to yatesdog38
Have people pay banks to hold their money?
No offense, but sounds like Trump is wanting to make his banking buddies some money. This is pathetic.
No offense, but sounds like Trump is wanting to make his banking buddies some money. This is pathetic.
Posted on 9/11/19 at 11:48 am to BhamDawg
quote:
"Charles Schwab is laying off 600 workers in response to a slowing economy and pressure from slumping interest rates, the company said. The cuts represent about 3% of the bank’s workforce and comes across all sectors amid an effort to streamline expenses as net interest revenue comes under pressure."
Banks have been bailed out enough. This is getting ridiculous.
Posted on 9/11/19 at 11:51 am to Geauxgurt
Pretty sure he is trolling with this thought.
Posted on 9/11/19 at 12:00 pm to yatesdog38
Negative rates are dumb and he should stay away from this. Our economy is fine without it
Posted on 9/11/19 at 12:09 pm to Geauxgurt
Banks don't make money in negative or low interest rate environments.
Institutional trade desks make money because the banks start cutting their lending departments because it isn't as profitable. The banks go to buy agencies, mortgage backed securities, and other debt. It is cheaper because buying debt doesn't require them to have whole departments to employ analysts and originators etc.
Institutional trade desks make money because the banks start cutting their lending departments because it isn't as profitable. The banks go to buy agencies, mortgage backed securities, and other debt. It is cheaper because buying debt doesn't require them to have whole departments to employ analysts and originators etc.
This post was edited on 9/11/19 at 12:10 pm
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