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so they should raise rates with things regressing ?
i got to hand to you amateur economist wannabees , you guys are nuts .
How about paying attention to WHY things are regressing?
No one has bothered to fix or address the underlying problems facing the REAL economy. That would require foresight, and maybe a little brains and perseverance. Instead, we were given the Fed's medicine, and told to shut up and like it.
I'm glad you enjoy this soviet style planned economy. Most would prefer to have the real America back in business. The one that could compete, and the one that could wipe it's own ass. If government dependence is what you desire however, the future is looking bright.
Quote:
Originally Posted by J.Thomas
I though you liked higher rates
Interest on savings
The bank will steal your money, whether interest rates are high or low. That is what they do. No one wins with interest payments on savings alone.
How about paying attention to WHY things are regressing?
No one has bothered to fix or address the underlying problems facing the REAL economy. That would require foresight, and maybe a little brains and perseverance. Instead, we were given the Fed's medicine, and told to shut up and like it.
I'm glad you enjoy this soviet style planned economy. Most would prefer to have the real America back in business. The one that could compete, and the one that could wipe it's own ass. If government dependence is what you desire however, the future is looking bright.
The bank will steal your money, whether interest rates are high or low. That is what they do. No one wins with interest payments on savings alone.
we know all you amateur economists here have all the solutions . you guys are real good at monday morning quarter backing.
what i see is an economy in this country that is a whole lot less bad then 2008. i think the fed did as best as they could keeping us from what could have been a distater .
after a major heart attack like we had there is bound to be recovery ramifications . it will not be business as usual for quite a while .
but hey keep quarterbacking after the fact .
when you are picked for the board of governors for your brilliance and knowledge then you your opinion has some credibility but until then it is just that -an opinion
we know all you amateur economists here have all the solutions . you guys are real good at monday morning quarter backing.
what i see is an economy in this country that is a whole lot less bad then 2008. i think the fed did as best as they could keeping us from what could have been a distater .
after a major heart attack like we had there is bound to be recovery ramifications . it will not be business as usual for quite a while .
but hey keep quarterbacking after the fact .
when you are picked for the board of governors for your brilliance and knowledge then you your opinion has some credibility but until then it is just that -an opinion
Economics is not a hard science. It is a man made illusion based entirely on theories of select schools of thought.
Central bankers and politicians are laughing at people like you, and rightfully so.
Quote:
Originally Posted by FCNova
Can you elaborate?
Banks have to make money too. Even when they can't.
If the Fed raises rates and drives the economy into the ground, how would all those newly-unemployed people earn money to save?
Money is not a necessity. Food, water, perhaps shelter... Those are necessities. Thankfully, America is a prosperous nation with plenty for all who contribute and work hard to make this nation great. If we allow the banksters to complete corrupt this nation, and we completely sell out the means to sustain our standard of living, look out below. Life is going to suck for almost everyone in this country. Those at the top would not be immune. Merely possessing wealth will become something of a liability.
See where Russia is today? That's pretty much where we are headed. Have fun.
have a nice life without money . let us know how that works out for you
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