0.25 interest rate hike

You have no idea what you are talking about


This is how you tame inflation you dirtbag russian
 
evince said:
You have no idea what you are talking about


This is how you tame inflation you dirtbag russian
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Should be a real blast for all those sub prime D's needing to buy a car or wanting to buy a home.....:rolleyes: Good luck with all that! :laugh:
 
Raising the rates again simply notes that inflation is still high and not controlled. Pretending this is a good thing is just pretense. The poor are hurt the most by this insanity, and you have idiots (on this very site) who have literally said that you can "just print more money" to get out of it as if they simply do not understand the impact of that on inflation. Inflation is monetary and cannot be separated from that.
 
I think the answer now is Automatic adjustable loan rates and Credit Card rates that mirror the fed increases or decreases.

There needs to be an incentive for the lending industry to be able to compete anyhow.

Because adjustable loans and rates would give more buyers an incentive to buy now, without signing their souls to the devil.

The economy is not static, and neither should loan and credit card rates be.
 
I REALLY hope not but my instincts are telling me that by this time next year we will be looking back at these times today fondly as THE GOOD TIMES. I think we get hit with the double whammy of war and a cratering economy. Like Hawkeye always says.......Buckle up. ;)
 
Geeko Sportivo said:
I think the answer now is Automatic adjustable loan rates and Credit Card rates that mirror the fed increases or decreases.

There needs to be an incentive for the lending industry to be able to compete anyhow.

Because adjustable loans and rates would give more buyers an incentive to buy now, without signing their souls to the devil.

The economy is not static, and neither should loan and credit card rates be.
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Outside of Federal express which is mostly for prime borrowers the other CC companies are getting hammered now with uncollected debt and charge offs. Lower middle and working poor are back to living off of their CC just to get by with daily needs. They are caught in the debt trap now,......They are fucked. It doesnt end well.
 
Stone said:
Outside of Federal express which is mostly for prime borrowers the other CC companies are getting hammered now with uncollected debt and charge offs. Lower middle and working poor are back to living off of their CC just to get by with daily needs. They are caught in the debt trap now,......They are fucked. It doesnt end well.
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I agree! We probably can't do anything with the loans that already exist, or the credit card contracts already signed.

But, if people could refinance their old loans and cancel their old credit cards with those frozen rates, new flexible rate loans and credit card contracts with flexible rates could easily replace them!

But unless the lending industry wants to do this, it just won't happen.
 
Europe just raised their rates 0.50


This is how you tame inflation


They are tapping the breaks folks


This what sane economic management looks like


When the vehicle is over excellerating you tap the brakes


If you let it just keep heating up it crashes

Read some economics from the sane school of economics and not the short bus of stupidity which is the Austrian school of economics you will understand
 
Damocles said:
Raising the rates again simply notes that inflation is still high and not controlled. Pretending this is a good thing is just pretense. The poor are hurt the most by this insanity, and you have idiots (on this very site) who have literally said that you can "just print more money" to get out of it as if they simply do not understand the impact of that on inflation. Inflation is monetary and cannot be separated from that.
Click to expand...

Yes it is a good thing

It’s the correct thing so it’s a good thing


Is the situation the perfect situation


NO


Your economic ideas cased this situation

And here we are again fixing your Austrian messes with sound policy


Please dont pretend your shit has ever fixed anything
 
Geeko Sportivo said:
I agree! We probably can't do anything with the loans that already exist, or the credit card contracts already signed.

But, if people could refinance their old loans and cancel their old credit cards with those frozen rates, new flexible rate loans and credit card contracts with flexible rates could easily replace them!

But unless the lending industry wants to do this, it just won't happen.
Click to expand...

That is how contracts work

Loan prices were very low

Those contracts are not harming people

If we get the inflation under control that will help the people


That keeps what people need to purchase at a more stable rate of rise that they can better manage


This is how you fix this mess folks


Fixing a mess is what Has to happen


If you don’t fix it things can just get worse until it gets REALLY WORSE


The fact that basically the entire western economy is doing the same thing should be instructive to you all
 
evince said:
You have no idea what you are talking about


This is how you tame inflation you dirtbag russian
Click to expand...
This is how people are rescued from the market.

T Bills are now paying about 5%.

Same for CDs

Same for most money market accounts.

It's a great time to have cash
 
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