0.25 interest rate hike
- Thread starter evince
- Start date
The Federal Reserve.
Not sure what's political about workers having leverage in the job market.
a business should take every advantage it is afforded to compete. I have an obligation to my families, and my employees. If I don't reduce my tax bill as best I can legally, my competition will - and they will undercut me - and I will not be able to employee people
Same with all the bullshit programs. My competition will use them. So it is one thing to argue they should not be available - but I'm not going to cut off my nose to spite my face
Evince,.......there are a whole lot of people who's blood runs cold when the PPP money gets talked about. Eventually the Govt is coming for that money because it was forgiven under fraudulent circumstances. Many eyes are looking at it now. We knew it would get this way before the first dime was given out. NEVER trust your oppressors.
Perfectly fine. Everyone has a choice.
Geeko Sportivo
Verified User
Look, I just mentioned CC rates as a minor example, the Mortgage loans and long term automobile loans was the gist of what I was really talking about.
It is true that after the CARD act in 2010 went into effect, most major credit card lenders since, have used adjustable rates, but not all do however.
But if that confuses anyone, just drop the CC's from my comment. I'm not here to confuse anyone.
Thanks!
Geeko Sportivo
Verified User
Look, I just mentioned CC rates as a minor example, the Mortgage loans and long term automobile loans was the gist of what I was really talking about.
It is true that after the CARD act in 2010 went into effect, most major credit card lenders since, have used adjustable rates, but not all do however.
But if that confuses anyone, just drop the CC's from my comment. I'm not here to intentionally knowingly confuse anyone, and if I did, I apologize.
Thanks!
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Stone is making stuff up again. He thinks he can say whatever lie he wants, and we will all believe him, because he has "much older brothers" who run a successful company.
The fact is credit card delinquency rates are at near record lows. Over the last two years they have been at record lows. Credit card companies are not getting hit hard with delinquencies, in fact just the opposite.
Working class people are seeing rapid rising pay, and so are having an easier time paying their credit cards.
https://fred.stlouisfed.org/series/DRCCLACBS
Dont have to. There are so many people looking this stuff up by zip code that its unreal. We are coming out of this smelling like a rose.
Republicans, especially the trump supporting republicans, are having collapsing life expectancies, because they are not coming out of this smelling like a rose. They are coming out of this smelling like a bunch of meth addicts.
How much FREE money did you take Wally? You know that the printing of excess money is one of the causes of inflation right? WHY do you hate your fellow Americans so?
Inflation means anyone who borrowed heavily in the good times is having their debt eroded. I paid off my mortgage, and regret that to this day.
If inflation were really out of control, they would be hiking by either 0.50 or 0.75. They hiked by 0.25 because inflation is higher than they want, but it is getting under control.
So you claim The only reason the Federal Reserve raised interest rates is to weaken workers in the job market.
What is your solution? Do we take away their ability to set rates and let the market decide since you accuse them of being bad actors here?
My salary was too high to get the stimulus checks. The stimulus checks came from borrowing, not printing money. If you understood how the modern economy worked you would realize that.
My salary went up by a huge amount, but that is out of desperation of my employer. Find someone to replace me, and I will gladly give them my job.