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Wouldn't bankers want to charge higher interest rates and make more money?
Not necessarily when they can borrow money for less and make more in the stock market. They would rather do that than lend money out in the housing market where with interest rates low they can't make much.
Not necessarily when they can borrow money for less and make more in the stock market. They would rather do that than lend money out in the housing market where with interest rates low they can't make much.
You Stock Market folks are something else. You want to continue to screw everybody else over with these low rates and Forever QE, just to keep the air in the bubble of the Stock Market so you can eventually get to what? DOW 25,000?
This Fed must have been paid off by Wallstreet or something. The rates should have BEEN increased back to at least some type of balanced level or "fair" level. Why Savers and CD guys have to get utterly SCREWED, while you guys sit on an inflated Stock Bubble, is insane to me.
You Stock Market folks are something else. You want to continue to screw everybody else over with these low rates and Forever QE, just to keep the air in the bubble of the Stock Market so you can eventually get to what? DOW 25,000?
This Fed must have been paid off by Wallstreet or something. The rates should have BEEN increased back to at least some type of balanced level or "fair" level. Why Savers and CD guys have to get utterly SCREWED, while you guys sit on an inflated Stock Bubble, is insane to me.
I think LeavingMA is largely on your side, but I would ask you also, what's wrong with the current rate? Public demand for spending is low, and demand for lending/saving is high. That leads to low interest rates. The Fed is lending at a low interest rate. That all sounds very much in keeping with supply/demand theory to me. You sound like a cabby complaining that Uber is driving down prices with the abundance of supply.
You're getting screwed because there are lots of other savers like you competing and driving down interest rates. What you're demanding is not a free market, you're demanding price controls to elevate the earned interest of savers.
I think LeavingMA is largely on your side, but I would ask you also, what's wrong with the current rate? Public demand for spending is low, and demand for lending/saving is high. That leads to low interest rates. The Fed is lending at a low interest rate. That all sounds very much in keeping with supply/demand theory to me. You sound like a cabby complaining that Uber is driving down prices with the abundance of supply.
You're getting screwed because there are lots of other savers like you competing and driving down interest rates. What you're demanding is not a free market, you're demanding price controls to elevate the earned interest of savers.
I love it and my kids love. The low rates of course have been good for stock assets. And I can borrow at 3% while I make 15% on the money. My kids bought their home at the lowest interest rate point a few years back. What's not to like?
I love it and my kids love. The low rates of course have been good for stock assets. And I can borrow at 3% while I make 15% on the money. My kids bought their home at the lowest interest rate point a few years back. What's not to like?
Well, the low interest rates are an effect of a sluggish economy (that's the low spending demand part of the supply/demand equation), so what's not to like is the high unemployment rate and stagnant wages. On the balance it's probably good for stock barons like us () but not great for our countrymen as a whole.
Well, the low interest rates are an effect of a sluggish economy (that's the low spending demand part of the supply/demand equation), so what's not to like is the high unemployment rate and stagnant wages. On the balance it's probably good for stock barons like us () but not great for our countrymen as a whole.
I just don't see how raising interest rates will help employment and wages, which I agree are our major problems.
Anyone investing in the stock markets and/or a home, which includes vast numbers of us in the middle class, have benefited from low rates.
I love it and my kids love. The low rates of course have been good for stock assets. And I can borrow at 3% while I make 15% on the money. My kids bought their home at the lowest interest rate point a few years back. What's not to like?
^^ Perfect example of how the Fed creates a Market Bubble. This guy has now become addicted to low borrowing rates and inflated stock prices, so when then Fed goes to increase rates it will be investors like this guy who will be threatening anarchy.
^^ Perfect example of how the Fed creates a Market Bubble. This guy has now become addicted to low borrowing rates and inflated stock prices, so when then Fed goes to increase rates it will be investors like this guy who will be threatening anarchy.
If one stays smart one can gain and avoid losses. The stock and housing markets have their cycles. Snooze you lose!
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) but not great for our countrymen as a whole.
